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09-09-2008, 12:41 PM
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Attempt to learn a trading method and demo trade it for a little while first. You could read a little too, you're a newbie you should not be trading so many pairs. You should also not have such a large stop losses.
Furthermore yesterdays market was extremley volatile and dengerous, it was not a newbie friendly market.
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"Invincibility is a matter of defense, vulnerability is a matter of attack" Master Sun Tzu Last edited by NickB : 09-09-2008 at 12:45 PM. |
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09-09-2008, 12:51 PM
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So let me get this straight
First day live trading: 1- You trade in a unsafe market because you're desperate to take a trade. Newbie Mistake only trade when theres trades to be taken! 2- You break one of your rules and trade more than one pair. Newbie Mistake DO NOT BREAK YOUR RULES ON A WHIM! 3- Your somehow let yourself lose almost 900 pips Newbie Mistake STOP LOSSES? MONEY MANAGEMENT? You are not ready to trade live.. You need to attempt to learn a trading method and demo trade it for a little while first. You should read a little too, you're making so many newbie mistake its not funny. You should implement some money management I am guessing you do not have money management since you lost near 900 pips. - Do you have a trading method? - How long have you spent learning how to trade your method? - Do you have at least a basic understanding of the three main concepts of trading S+R lines, candle patterns and price action?
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"Invincibility is a matter of defense, vulnerability is a matter of attack" Master Sun Tzu Last edited by NickB : 09-09-2008 at 12:54 PM. |
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