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Thread: Need Help!

  1. #1
    Junior Member

    Need Help! !!!

    Hi seniors,
    Sorry if I post this thread in the wrong section.
    Recently I'm always hit my head. I'm using MACD indi at the first and i made really good trade at the beginning.
    Till that I start to read more articles about strategies, using indi other than MACD.
    I lose my trade all the way down until my balance from 280 to 160.
    i made 5 trades a day and i discipline myself to stop whatever i win or lose.
    i trade 30 minutes and 1 hour time frame. I dont know why when i made a call, it always going down and i made put it always going up.
    The way that i trade is same like the way that i practice before when i win trades at the beginning.
    Is it i win at the beginning is because i'm lucky? Feels like the indicator always fool me now.
    Haiz... i feel so boring and sad, like what i'm doing all wrong.
    Did you guys facing the situation like me before?
    Please forgive my bad english because I'm chinese from malaysia.
    I don't know how to explain but what i'm going to say is, maybe i read so many articles and use so many strategies and because i'm a newbie, i'm doing wrong thing.

    I need a guide line to trade, can you all give me some advise?
    thank you so much.

  2. #2
    Specialist Member pinoyoptions's Avatar
    Hi Bongsh,

    I truly understand you, I think most of newbie trader in BO will face the same problem including me when I was new in BO. That is why we and the pros advice always to test your trading skills first in communitrader to avoid such emotion. Demo trade first for atleast 3 to 6 months. Remember you have to adjust always because your strategy might work for awhile but not overtime that is why you must learn how to adopt in ever changing market condition. I can only advice you to learn more about the market itself not only technical analysis.. for me successful trader combines 3 foundation of trading. fundamental/technical/sentiment ... just wait for our dear pros and I'm sure they will give you advice more valuable than mine. I also a student just like you..

    PO

  3. #3
    Junior Member
    Quote Originally Posted by pinoyoptions View Post
    Hi Bongsh,

    I truly understand you, I think most of newbie trader in BO will face the same problem including me when I was new in BO. That is why we and the pros advice always to test your trading skills first in communitrader to avoid such emotion. Demo trade first for atleast 3 to 6 months. Remember you have to adjust always because your strategy might work for awhile but not overtime that is why you must learn how to adopt in ever changing market condition. I can only advice you to learn more about the market itself not only technical analysis.. for me successful trader combines 3 foundation of trading. fundamental/technical/sentiment ... just wait for our dear pros and I'm sure they will give you advice more valuable than mine. I also a student just like you..

    PO
    thanks pinoyoption for understand my feelings...
    I think I should start learning about market.
    but how do I start?

  4. #4
    Specialist Member pinoyoptions's Avatar
    Simple bongsh2002,

    In what particular currency you are trading? Because for every currency pair they are different from each other.. You have to know when or where the currency will be volatile. Economic news is vital for every trade.

    Read our pro's weekly and daily news and you will find a lot of information.. I sense that you are still not aware of economic news.

  5. Thanks bongsh2002 thanked this post
  6. #5
    Veteran Member hchandra's Avatar
    Hi Bongs, joining here to comment,

    Nothing wrong with what you experienced, strategies have good time also have bad time,
    What you need to do is to:
    1. Know if your trade taken emotionally and out of system or not?
    2. Know the statistic of your systems, this can be done by analyzing 100 trades taken. With this, you can expect how many trades will go to garbage and how many will end profitable. Its like factory production, defects are unavoidable and should be keep in acceptable level.
    3. Demo trading won't hurt, NASA train and test their equipment before sending people to the space right? if they didn't take it seriously I think there would have been lot of casualties caused by their space project.
    4. Lastly, losses happens and should be accepted.

    You can share here what your thinking and trades, I am sure lot of people will help here

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