Sep 1 2011, 06:18 PM Show posts by this member only Post #411
Casual
Group: Junior Member
Posts: 332
Joined: Jan 2007
From: Ranau, Sabah
when i 1st started, my 1st week of trading has been very successful. i still didn't know you can short. i haven't read babypips or any website. i only download client, try demo, and go live in 1 day.
2nd week on, everything goes downhill. wiped out in 1 month. then i topup. before i trade live again, i scour the internet for tips, strategy, robot. you name it. i even bought fapturbo (LOL!!!) and try a lot (literally) of robot. then i return to manual trading. 4H, 1H, M5, tried all TF, still fail.
after that i continue my search. dig more websites and strategies. i even try naked trading, support resistance technique, you name it. i've probably tried all the famous one. still fail.
after all those wasted money and time, i finally found where my mistake is. i was overtrading. there's nothing wrong with the strategy. every one of them are doing good. PEBKAC. after i sort out my patience and stay out of market when i m unsure of the direction, my life got better. my trading is still so-so. but life definitely is better.
my points is:-
1 - get a good strategy.
2 - patience. do not overtrade at all.
3 - use good money management.
sikit sikit lama lama jadi bukit. this is not quick rich scheme. use compounding magic if you plan to trade full time to build your capital. if you just want to make side income, then can withdraw every week. hehe. everyday even if you make enough profit
p/s: sorry for the wall of text. just want to share my experience. hope someone can make good use of it.
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