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DAY 30 - TIPS ON HOW TO FREE YOURSELF FROM FEAR

alifari Posted 30 Aug.  in #Trader's blog #Fear #Greed #Tips
Tips on How to free yourself from Fear & Greed

  • Have a trade plan and stick to it.

  • When you trade, have ZERO things that show your account balance ever. If you see no $ value on the chart you will think rationally, rather than emotionally and will trade what the chart is telling you.

[list][/list]…
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megajorko 31 Aug.

Very well said. I totally agree with you

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DAY 29 - FEAR, GREED & EGO

alifari Posted 29 Aug.  in #Trader's blog #Fear #Greed #Ego
We always fight our hidden demons, weaknesses, 'know it better', FEAR & GREED. Those two plus one's EGO can lead to self destruction of a trader. Big leverage, rush and greed will put you crying in a fetal position one day and it's not a pleasant experience.
Slow and steady, and capital preservation will do miracles to your account over time. What's most important is to look back and see what went wrong or what worked and always seek improvement.
You can show a 10 year old kid a method and he/s…
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DAY 13 - FEAR FACTOR IN TRADING

alifari Updated 13 Feb.  in #Trader's blog #Trading #Fear #Factor
In my opinion, a retail trader experience different kind of fear while trading forex. So it is important for a trader to identify what actually he/she is afraid of:
1) Are u afraid of losing money
2) Are u afraid of losing because it will hurt your ego
3) Are u afraid because you are not confident about your strategy
4) Any other reasons beside above
The answer to 1 & 2 is, as a trader you have to accept that losses would occur and even the best of traders lose and it's a probabilities game and …
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verindur 14 Feb.

I hate losing even 1 trade. And it happens everytime.

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DAY 10 - TRADING WITH FEAR

alifari Posted 10 Jan.  in #Trader's blog #Trading #Fear
As a trader, we all have different kind and levels of fear and if we want to succeed in trading we have to come out of this fear factor. So the best way to do it is to identify what you are afraid of.
1) Are u afraid of losing money
2) Are u afraid of losing because it will hurt your ego
3) Are u afraid because you are not confident about your strategy
The answer to 1 & 2 is, as a trader you have to accept that losses would occur and even the best of traders lose and it's a probabilities game an…
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verindur 10 Jan.

I fear myself. Either I will go crazy. Or greedy. Otherwise no problem. But Now I am going not only Professional but also Exponential. ))))) Still working out the Practical Plan. I will be completely free in Feb. Then my strategy would be to Scare the markets not myself. How ? Come with 100. Go with 500. Or give away the 100. So mathematical chances are that generally I will win.

alifari avatar
alifari 11 Jan.

Good luck with your strategy, as long as the risk to reward ratio is in you favor eventually you will win in long term.

Berkeley avatar
Berkeley 11 Jan.

Even Market Wizards have doubts about winning when entering a trade. (Paul Tudor Jones)

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DAY 2 - TRADES REVIEW

alifari Posted 2 Oct.  in #Trader's blog #Trades #Fear #Day 2 #Review
Two pending orders entered today, out of which one trade triggered and other cancelled.
1) EURJPY placed buy limit order based on M30 demand zone and there was some reaction from the zone as such tightened SL from 8 pips to 4 pips, but eventually price reversed and hit my stop loss. Total -0.50R loss on this trade.
2) AUDUSD placed buy limit order based on H4 demand zone, but price didn't came close to demand zone and headed higher and away from the zone, as such cancelled order after close of L…
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Being Ultra Picky or Overcautious - Does it Help ?

alifari Posted 29 Dec.  in #Trader's blog #Fear #Picky
I often read on numerous trading forums that their strategy has a high win rate because they take very few trades and that they are ultra picky. But when a retail trader try to apply that same strategy in live market environment and forward test it, they fail to achieve similar results and in fact they hardly make any money. Why is that ?
In my opinion, trading say 4-5 setups per month is going to lead to increased pressure on each trade and thus increases the chances of making an illogical deci…
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alifari avatar
alifari 29 Dec.

I am always inn for a healthy discussion, thanks for stopping by to express your point of view. Wish you lot's of success in your trading journey.

rivan avatar
rivan 29 Dec.

yeah - cheers and good night ;)

Nicco avatar
Nicco 29 Dec.

A happy New Year to you!

alifari avatar
alifari 30 Dec.

Happy New Year ... Nicco

Nicco avatar
Nicco 30 Dec.

Congratulations for your performances in 2013! Now "is going to lead to increased pressure" the New Year 2014! A HAPPY NEW YEAR to you!

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