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  1. #1
    Active Member

    Made mistakes and lesson learned from it!! !!!

    Hi to you all,

    I post this tread, because every one is making mistakes, but the most important thing is; have you learned from them?
    I'm very curious what people are going to post here, because in my opinion it can be very helpfull also to learn from others mistakes.
    Hope to hear from a lot of you!!
    Furthermore, good luck to all and always keep on learning

    PS: I'm a newbie, so it's also my intention to keep on learning

  2. #2
    Active Member
    A few mistakes i have made;
    1) thinking i can anticipate the market,
    2) working with a strategy, but not waiting till all the conditions are met, being to fast in my decision (look at point 1),
    3) not sticking to my orginal amount of trading.

  3. #3
    Legendry Member Michael Hodges's Avatar
    those are pretty standard mistakes, at least you can recognize them ..... you are way ahead of the curve.

  4. #4
    Legendry Member Okane's Avatar
    Hi, remember to also look into other trading diaries here in the forum
    where people share their mistakes and what they've learned.
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  5. #5
    Legendry Member Michael Hodges's Avatar
    No doubt, how are you trading? What are you trading?

  6. #6
    Active Member
    Currently I'm trading 2 minutes bbands & adx. And i'm sticking to the currencies, cause i can only use those with strategy in mt4. Today i had a good day, i shared a few of my trades. In the beginning i made the mistake to increase my normal ammount, but quickly i returned to my orignal ammount.

  7. #7
    Active Member
    Can you give me quick directions maybe where those are? Is there a specific tread or room for this? I couldn't find any (maybe i haven't looked propely) that's why i made one, maybe others respond here

  8. #8
    Moderator Kolyo's Avatar
    I believe that our psychological issues have greater impact on our trading success than we consider. Honestly, a good strategy is working if you are sticking to it completely, but sometimes I think that it takes hell of strong nerves to be able to never do stupid things and skip some of the strategies ideas. Everybody tends to risk more than he would when he a/needs the money very much or b/ feels lucky. It takes great self control to be profitable and to not let yourself be tempted.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  9. #9
    Rookie Member ramonda's Avatar
    The stupidest thing that I tend to do is that when I lose I get very eager to get my money back as fast as possible so I start trading with bigger positions and with higher risk and eventually I get lucky, but more often I lose even more and the cycle is repeated till either I lose all my money, or start covering the loss. I’m trying to work on my emotional problem. It still hasn’t resolved completely.

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  11. #10
    Specialist Member runneroption's Avatar
    My mistake is the lack of impatience. I always tell myself to leave a certain position when it has reached its peak and I always rush and get out with less profit.

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