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(26 votes) 
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$43January 18, 2015
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nice one Sjoerd.
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just got a nice first trade of the day for 1 to 2 rr on the EJ
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second trade of the day went bad
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got my loss back
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edited to add a bit later. tried to do a sell, took a hit, now have a buy set
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hey you! remember to follow your bloody rules!
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$606May 27, 2014
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you like to trade a lot he Omar? 🙂
UJ was on fire today!! should have stuck to my screen a bit more.... i see 9 perfect setups.....
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$606May 27, 2014
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i was just to late to get the short on the EU so i went for the long.... just stopped me out... before it hit TP
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$43January 18, 2015
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had a bit of a melt down yesterday Sjoerd. didnt realize it as it was happening, but i got stressed by the losses and started breaking my rules to try and catch up. in fact it was a perfect example of why i'm not trading real money yet. i blew about 1weeks worth of progress. decided to start fresh in my mind today and be really strict, so far thats going good, got a couple of nice ones. but yeah, i need to be more disciplined. i am getting better. i was thinking the last week about how much to put in when i go live and stuff, now i'm starting to think even when i go live, i will have to start trading with the smallest positions just to see if i can do the same thing with real money first.
hey you! remember to follow your bloody rules!
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$606May 27, 2014
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yes trading can be a bit of a rollercoaster on your mind......
but if you look at trade journals of bigger traders (manage more than 200K) you can see that the average drawdown is around 20% witch for me would be 10 losses in a row.... witch would be shitty.... but it's all part of the job 😉
like yesterday you started with a 1:2 win!! that would be done for me for that day.. the risk of giffing it all back with the next trade is there... end then you took a loss witch you want back. so you have to take another trade... but in my eyes you should have stopped after your 1:2 win.... you made some money (witch feels good) and didn't take a loss that day (witch feels also good)Â and you can spend the rest of the day away from the computer 🙂 and start the next day fresh!
i don't know but everybody is different and this is just the way i like to do it....Â
and if you wanna start live just start with the minimum amount of money you can affort to loose... and bild that up!
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$43January 18, 2015
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you make very good points.
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some times i wonder if not using real money is making me take stupid risks? but then i wonder if i could be as confident with real money in the first place. might be time to take the plunge and just be ready in the worst case, to blow the account as you say. on the other hand if i under finanfce it will make it harder to give myself a proper chance. what kind of procent of your account do you trade on average? do you stick to 1%?
hey you! remember to follow your bloody rules!
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$606May 27, 2014
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there is only one way to find it out Omar 😉
i have a little bit more than 1% risk... more like 1,5 to 2%
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$606May 27, 2014
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turned my red day into a a lite green day 🙂
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$45January 15, 2016
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I think that trading on demo account does not train psychology and emotions that are the most important part of trading. It's not real. My opinion is that trading live even with 0.01 lot gives you more realistic feeling of win / loss emotions.
I do trade with 0.01 when I experiment and in this way remember exactly my success and also my mistakes. I also make difference in how you enter on demo in comparison with live account - spread, slippage or even 2 or 3-bar entries which are dependent on how far previous sub-wave travels... There are surprises that's why I first check some situations with 0.01 lot and when I feel comfortable indeed about a trade I use bigger lot.
I have 2 accounts - one very small and one bigger. The small one went so bad from $ 500 to $ 100 Â but I was confident that I would succeed if I manage to double it and grow it back again and I did it within 2 weeks. I considered it even more important than the bigger one. Sometimes when I loose I got really nice lessons. If the money are not real I do not pay attention and forget.
Just wanted to share how I see the things. 🙂
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WeeMeeVIP Members
$43January 18, 2015
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that makes a lot of sense, i think you are right, time to start with real money on a small scale and see how that goes for a while. if i uses minimum position size i can see how it feels without suffering too much when things go wrong. time to get things to the next level. 🙂
hey you! remember to follow your bloody rules!
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$606May 27, 2014
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I just wanna say ome more thing: Just swap your mindset to % instead of money.... making a small amound doesn't boder.... and if you look at your profits in % it's all the same thing... demo or live!Â
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WeeMeeFree Members
$606May 27, 2014
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waited sinds US open for this....
confurmed 3 point turn on the UJ. lucky that i was quick enhough to drag my TP a little more down 🙂
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$606May 27, 2014
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one more to close down the week 🙂
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have a good weekend!!
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$62July 22, 2015
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Nice trades Sjoerd,
I see you don't set your TP at the last LL of the purple when trading trend continuation wave. Did you change tactic?
Â
Henk.
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$606May 27, 2014
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henkknot said
Nice trades Sjoerd,I see you don't set your TP at the last LL of the purple when trading trend continuation wave. Did you change tactic?
Â
Henk. Â
Hi Henk.
Â
my SL is always one peak back so it's always above the black line... i never do my SL 2 peaks back... but sometimes the purple and black are at the same hight so maybe it looks like my SL is 2 peaks back 😉
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$606May 27, 2014
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got this quik 1:2 taking from my phone this morning.
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$43January 18, 2015
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looking good guys.
Â
planning to sort my real money account today. i want to keep my demo account though, so will have to drop them an email.
hey you! remember to follow your bloody rules!
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$606May 27, 2014
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im pretty shure you can keep both Omar.
most of the time they give you a demo for a month and then if you take a life account you can keep the demo 4 eva 🙂
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$62July 22, 2015
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Sjoerd,
I'm talking about your TP not your SL. I know your SL is always 1 peak back but I don't understand the position of your TP.
koeart said
Hi Henk.
Â
my SL is always one peak back so it's always above the black line... i never do my SL 2 peaks back... but sometimes the purple and black are at the same hight so maybe it looks like my SL is 2 peaks back ;)Â Â
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