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@  Cookiebrawler : (17 September 2019 - 04:27 PM) MegaMoney 90%
@  aasir : (16 September 2019 - 10:25 PM) Binary Triumph
@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.





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(Season 3) Day 17/30 on the fury road loaded with Molotov cocktail and some !

Posted by seanair , 09 April 2018 · 1,931 views

Aye a good start to the week, ahead we forge with conviction!
Post NFP Monday is usually an easy ride with good catch up from Asia and then a follow through in London session.
I was like a Horse Soldier galloping hard with EU today.

This is where we hold them ! This is where we fight ! This is where they die ! Earn these shields, lads !
Glorious day as I advanced a little more once again. Going to stand my ground here at the 500 mark. Looks set to be an easy week to break into 600.
But I am still looking forward to that elusive all win week. So one down and four more to go.

Ready your breakfast and eat hearty, for tonight, we dine in hell !
Glorious day, earnings is good. Live to trade-fight another week, HA-OOH...HA-OOH...HA-OOH !!!

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Day 17/30. My daily account growth performance stands at 13 W, 4 L.

Account survived and bounced to about +469% (Starting balance of $100)
Slow, sure and steady to the Hot Gates we march !!!

  • Tradista and thi4gon like this



What is your rule for deciding when to stop trading on any given day?

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What is your rule for deciding when to stop trading on any given day?

 

A few rules that I stick by for stop trading. 

 

1. I trade by a time slot. It is a 4 -hour slot. Once the time is up, I am done win or lose. I cant function as a trader after that much time. This is my limit.

 

2. I do not let myself lose more than 50% of my previous or nearest winnings. Once I hit that number, I stop.

 

3. If I have already suffered losses on my account at the halfway mark of 2 hours. I stop trading altogether. Reason is simple. We are all human, if I were to continue after the 2 hour mark, it would be full of revenge trading and skewered judgement on setups and egoistical MM. My psychological threshold for focused trading is 2 hours. The later part of the 2 hours really depends on how I have performed during the earlier 2 hours. 

    • Tradista, mleza, ac44 and 1 other like this
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Awesome! 
 have had great trading days in the past with decent daily profit (sometimes between 10-25% day) by finishing my trading at the end of the london session, only to see those profits disappear and even get into the red because I somehow couldn't resist the urge to make "just this one more" during US session, seeing all the activity and apparently nice setups...  I find it hard to trade morning only and stay on the sideline for the rest of the day when the session was good (conversely, when the morning was bad, revenge mindset kind of sets in)

 

So you are well far ahead on the discipline side of this battle!!

    • ac44 and seanair like this
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