Discussion in 'Forex' started by Wee, Jun 3, 2008.

  1. Wee


    Very sick n tired of EUR/usd....... all those nights trading with profit, now all given back to market..... Really down with luck.
  2. marc5193


    Why? eur/usd has been very predictable using basic technical analysis lately. I suspect you've become biased one way or the other, right? remember where in a range at the moment, and the supporting interest at the daily 100ma is a clear signal. Hope you have better results (not luck) in the future.
  3. Look on the bright side, at least you didn't lose any money overall :)

    It's tough but just try and put it behind you, nothing you can do about it now except maybe learn from any mistakes you made. Whatever you do don't revenge trade to get those gains back as you'll end up losing, guaranteed, then you'll feel even worse! Take a break and regroup. We've all been there, days and days of trading only to give it all back kinda makes it a total waste of time and effort, might as well have stayed in bed!

    You may want to take another look at your risk:reward if lots of (small?) profits are regularly being wiped out by a couple of losses.

    Trading can be very disheartening but once you get it 'right' it's the best feeling ever!

    Good Luck!
  5. DrEvil


    Money Management and an edge. If you are not exploiting an edge on every trade it's hard to win.
  6. Why are you SHOUTING?
  7. One thing I learned is to always book partial profits along the way. Nothing pissed me off more than being up on a trade and then giving it all back - it was worse than just being wrong on a trade.

    I guess being a short term intraday trader has its merits.