Registered: Jun 2012
06-13-12 12:30 AM
I understand now why people say emotions can break you. I've been wanting to go short right now so so so badly but I need to wait for my signals to get stronger. I mean, there's a good chance that I'd get a better profit if I entered right now.. But there's also a good chance that I'd just get chopped out at a loss.
I see why it's tough for gambling types.. They'd feel so compelled to just get in now.
I need to wait another hour or so.
edit: In case anyone was curious about that Australian dollar futures trade, I lost like $5K of my demo account on that. I have a better understanding of what I need to do now though.. Why is it that trading takes people so long to master? I've seriously just been looking at charts a few days and it seems like I have a pretty profitable system.. Is it really the emotional part that ruins people that often?
I'd completely understand if that was the case. These futures contracts are so leveraged that just a few emotional trades away from the system, holding on for a dollar or 2.. or even just getting sucked into a series of 20 cent chop zones.. could quickly blow 50% of your account.