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DAY 18 - LOSING IS PART OF THE GAME

alifari Updated 18 Oct.  in #Trader's blog #Part #Game #Losing
Novice traders often panic when they have few losers in a row. On the contrary experience traders understand that losing is an intrinsic element in the game of trading. This attitude is linked to confidence because experience traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.
There is no more certain recipe for losing than having a fear of losing. If you cant stand taking losses, you will either end up taking lar…
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DAY 19 - LOSING IS PART OF THE GAME

alifari Posted 19 Sep.  in #Trader's blog #Part #Game #Losing
Being a retail trader, we have to understand that losing is an intrinsic element in the game of trading. This attitude is linked to confidence. Because exceptional traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.
There is no more certain recipe for losing than having a fear of losing. If you cant stand taking losses, you will either end up taking large losses or missing great trading opportunities – either flaw…
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Losing is Part of the Game

alifari Posted 20 Feb.  in #Trader's blog #Part #Game #Losing
One of the biggest hurdle a novice retail trader come across is he/she consider every losing trade as a failure instead of learning from it and realizing that losing is part of the game.
Whereas an experienced and exceptional retail trader realize that losing is an intrinsic element in the game of trading. This attitude is linked to confidence. Because experienced traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.…
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verindur 21 Feb.

Very accurate. ))))))))))))))

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DAY 4 - EURAUD & GBPAUD LOSING TRADE

alifari Posted 4 Sep.  in #Trader's blog #Trade #Euraud #Gbpaud #Losing
Today, I was on the wrong side of the trade big time and lost almost 80% of my equity in few hours. I was caught completely off guard by the surprise rate cut by ECB. Was not expecting anything like this, instead was anticipating some kind of Asset Backed Securities covered Bond Buying announcement and a small bearish reaction, but this rate cut act completely ruined my analysis.
The trade was based on technical analysis as EURAUD was at a monthly support level and was anticipating some bounce f…
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