One of my students who has followed my training forex , blew his account this week, despite the fact that it every day good results.
It all started in mid- January, when full of confidence, she went weeks over 100 pips .
But too much confidence , trust and kills she forgot a cardinal rule is to always put the stoploss and especially not "think" it will come back to your senses when you are against the trend .
One evening in mid-January, probably tired , she took large short positions of 1.30 , then with or without stoploss stoploss but has subsequently removed the fear of losing ( big mistake ) .
As a result, she ended up in a trend of increase with euro would rise to 1.40 . Panicked , afraid to wipe a big loss , it balances its behalf by shopping around 1.33 euro . The strategy was pretty good because it allowed to save ( momentarily ) the account.
From there , I feel that something is wrong, she said tired and anxious in our conversations on Skype , I call it. She tells me her story ( it should have done from the beginning, but ... ) , I try to help, to find something so that she can get by because I know she is capable.
I propose a strategy that is simple to learn , benefit from the rise of the euro with its "long" exposures ( positive ) , and continue to make cash . Thus, the cash generated will close gradually on each side ( positive and negative ) his poses , keeping balance and especially taking the time .
As the account is balanced, there is no risk of loss. You just have it a little rest , find the energy to fight and get out of this mess .
Unfortunately, it failed to keep the strategy and exhausted, she threw in the towel . However , she will leave because she's a fighter , very good and in principle , it should recover what it has lost. On one condition , of course , is that it understands its failure and it does not happen again .
Finally, you can have all possible formations , the best strategies , the best indicators , but every time you forget the basics , your trades will turn into nightmares. In addition , in order to well trader , a healthy lifestyle is necessary and good working conditions.
It all started in mid- January, when full of confidence, she went weeks over 100 pips .
But too much confidence , trust and kills she forgot a cardinal rule is to always put the stoploss and especially not "think" it will come back to your senses when you are against the trend .
One evening in mid-January, probably tired , she took large short positions of 1.30 , then with or without stoploss stoploss but has subsequently removed the fear of losing ( big mistake ) .
As a result, she ended up in a trend of increase with euro would rise to 1.40 . Panicked , afraid to wipe a big loss , it balances its behalf by shopping around 1.33 euro . The strategy was pretty good because it allowed to save ( momentarily ) the account.
From there , I feel that something is wrong, she said tired and anxious in our conversations on Skype , I call it. She tells me her story ( it should have done from the beginning, but ... ) , I try to help, to find something so that she can get by because I know she is capable.
I propose a strategy that is simple to learn , benefit from the rise of the euro with its "long" exposures ( positive ) , and continue to make cash . Thus, the cash generated will close gradually on each side ( positive and negative ) his poses , keeping balance and especially taking the time .
As the account is balanced, there is no risk of loss. You just have it a little rest , find the energy to fight and get out of this mess .
Unfortunately, it failed to keep the strategy and exhausted, she threw in the towel . However , she will leave because she's a fighter , very good and in principle , it should recover what it has lost. On one condition , of course , is that it understands its failure and it does not happen again .
Finally, you can have all possible formations , the best strategies , the best indicators , but every time you forget the basics , your trades will turn into nightmares. In addition , in order to well trader , a healthy lifestyle is necessary and good working conditions.
