This game is not for the weak minded!
You might have just landed on my forex blog, well role back and make sure you have read my last few blog posts. It has been a rough start to my trading this year. The first month I made some wins and losses trading with the wrong indicator. In February I have had a few successes but also a few failures which start to affect you emotionally.
It is difficult to bounce back after a few losses, but I have read many books and listen to some audiobooks which preach a “mind over matter” ethos. You can never have a 100% win rate in trading, but you just need to figure out if you can keep the losses small and the wins big.
Easier said than done and Wednesday I doubted myself and whether I would be able to become a profitable trader. For me, it is just psychology, the moment when we feel that we are not good enough. Well now I have the right mental attitude, you can not keep me down for long. 5 minutes later, you had me convincing myself that one day I would be the number 1# part-time trader. Do not let what other people tell you to be the reason why you do not succeed.
Let us have a look at the charts
While I have decided to look at these charts a little bit earlier today, I can see that this trade I made yesterday is currently in the green. The trade is yet to hit my TP (Take Profit) target so we can not count our lucky stars just yet, but we will just keep an eye on it from next week. Remember the best way to stay protected is to have a stop loss. If you want to know more about this trade, you can check out my last post
And! the was it. There were no more trades that I wanted to take tonight, which means its an end to the trading week. Tomorrow we will be doing some backtesting and looking over the trades we made for the week.
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Go check out the Pineapple Chicken blog to understand why you should get away from the charts and experience the wonders of the world. Personally, I take the charts with me, and my girlfriend over still loves me for it 🤣
DISCLAIMER: I am not a professional trader and have a long way to go before I call myself a pro. This is not financial advice, and you should do your own research before trading or look at my positions. All trades are currently made in a demo account.