Arghhh~~~! This is so frustrating!
December 22, 2009 3:24am CST
The markets has been ranging like crazy for the past few weeks. And everytime I see a set up in the charts, I go in, the darn trades just goes in my direction for a while, a few pips short of my target profits, it goes south! And then ranges for a LONG while below my target profit... not reaching the stop loss and not reaching the target profit as well. Kinda like in a limbo! When that happens, you hesitate to go into the next trade even when the set up is there. And when you hesitate, the trade that you hesitated, goes exactly in the direction you want in the number of pips you targeted and more! Terrible month for me. So many of my trades are not fully realized. And when they do, the profit is a pittance! I am tearing my hair out at those trades that never seem to TP or SL! Sigh... must find a better exit strategy for my system! Must find a better exit strategy for my system... Must find a better exit strategy for my system... Must find a better exit strategy for my system... Must find a better exit strategy for my system... ...
23 Dec 09
hahaha =D Well, it's never easy in the first place.. Which is why most ple tend to burn their fingers, or if not, they have very deep pockets to keep playing till they find a winning formulae.. haha =D BUt luckily for u, everything is a demo account for u, and u do suffer paper losses.. hehe ^_^ However if u can persevere, there will be light at the end of the tunnel ^_^
23 Dec 09
I would think so too. I was just telling my wife the other day, the dollar is gaining strength, partly because of the holidays. With more people spending to buy presents to celebrate Christmas and the new year, businesses are seeing some surge in profits for this month! Sigh... the important thing when doing trading is still the exit strategy! I did not have a good one. And I am now suffering the consequences! Sigh!
23 Dec 09
For this particular case, I do not think it is luck. More like a wrong strategy setup that is causing me some painful losses. Sigh... I sure hope the markets will go in my direction soon. *Looks at charts* Sigh... but I dunno when that is gonna happen! Sigh...