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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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#1 RhodaFx

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Posted 06 June 2017 - 04:51 AM

Am worried about myself, what do you when you have this fear to to trade just because you want to really manage your way to the top due too low balance, even when your system is very consistent, i mean very consistent, 

Sometimes you missed out of very profitable days, like yesterday for me, if i was still on my laptop i would have made 5 wins - 0 loss but immediately i took two trades i was off for the day, am i being over protective of my account? 



#2 Aliloucarp

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Posted 06 June 2017 - 04:59 AM

I have this issue Rhoda.  I have learnt though to take just 3 trades per day then walk away. To grow your balance you only need to be consistent. If your strategy is good, cherry pick your best trades for maximum itm. Once your balance grows you may feel differently. In binary options I don't think it is wrong to be cautious and protect the balance you have. Best of luck!  :)


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#3 traderpusa

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Posted 06 June 2017 - 05:01 AM

i think your problem is nothing new, and most traders have it.  You say your system is very consistent.  Then why you lack faith in it ?

If so, you know you should be able to absorb any losses and let your system do its job.

Trading is all about probabilities and nothing is guaranteed.  Every entry has a 50% chance of winning and losing.  Price goes up or down.

I think you need to write down the rules of your system, print them, and put them next to your mouse or keyboard.  Make a checklist, and when

everything complies with your system, enter.  If it is consistent as you say, your results will also be consistent. 


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#4 RhodaFx

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Posted 06 June 2017 - 05:10 AM

i think your problem is nothing new, and most traders have it.  You say your system is very consistent.  Then why you lack faith in it ?

If so, you know you should be able to absorb any losses and let your system do its job.

Trading is all about probabilities and nothing is guaranteed.  Every entry has a 50% chance of winning and losing.  Price goes up or down.

I think you need to write down the rules of your system, print them, and put them next to your mouse or keyboard.  Make a checklist, and when

everything complies with your system, enter.  If it is consistent as you say, your results will also be consistent. 

Thanks bro



#5 BOedge

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Posted 06 June 2017 - 05:40 AM

I'd like to add to traderpuse that you are putting too much pressure on yourself with a need to get somewhere. Trading from a place of need is very different from a place of want. Trade in steps. At a certain amount until you are so comfortable with it that it literally bores you. Then step up to the next amount.

 

If your strat is that consistent, then put some money into the account that you can afford to loose. I call it the Starbucks money. Money you would have otherwise wasted on frivolous things like overpriced coffee. Trade with that and do not care whether you loose it or multiply it. You would have lost it anyways, peed it away so to speak :). Multiplying is the cherry on top. When you start multiplying it, take out a little every month, and leave in enough to keep trading, with that same mind set. When you have taken out what you once put in, then the money left to trade with is free money. Even less problematic to loose. And even sweeter when you multiply it.

 

When you put pressure on yourself that you must do this or that, then your focus is off and on the wrong thing. Focus on trading, rather than on profit. That comes automatically. When you know your strat is 70% successful for example you can take the few OTMs in stride. They are bound to happen. It is a mathematical certainty. So are the ITMs. A mathematical certainty. Also know that you don\t need 70% to build an account. With a 75% payout rate you can build your account with a 60% success rate. Anything better than that is double cherries on top!!

 

Switch between demo and real account frequently and treat your demo account like a real account. With more practice you get more routined and you learn to have faith in the mathematical certainties, even when there is the odd day that has more OTMs. Other days also have more ITMs than average. It will average itself out. Grow the account slowly and comfortably and just keep trading. If a day or a moment feels off, trade on demo and trade anyways. Stick to your rules, take breaks frequently, and keep trading between breaks.

 

And never give the 'there would have been x ITMs' any attention at all. A trade you never took is a trade that never happened. It is also a trade you never lost. Focus only on what is, never mind what could have been. Do, then you know what was. Only that counts. Keep doing and your trading will improve. Eventually you will find it pretty boring and have to find something to keep it interesting :)


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#6 RhodaFx

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Posted 06 June 2017 - 06:04 AM

I have this issue Rhoda.  I have learnt though to take just 3 trades per day then walk away. To grow your balance you only need to be consistent. If your strategy is good, cherry pick your best trades for maximum itm. Once your balance grows you may feel differently. In binary options I don't think it is wrong to be cautious and protect the balance you have. Best of luck!  :)

i think this is what am going to do, pick 2-3 and walk away, i won't mind even if i come later to see more



#7 RhodaFx

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Posted 06 June 2017 - 06:12 AM

I'd like to add to traderpuse that you are putting too much pressure on yourself with a need to get somewhere. Trading from a place of need is very different from a place of want. Trade in steps. At a certain amount until you are so comfortable with it that it literally bores you. Then step up to the next amount.

 

If your strat is that consistent, then put some money into the account that you can afford to loose. I call it the Starbucks money. Money you would have otherwise wasted on frivolous things like overpriced coffee. Trade with that and do not care whether you loose it or multiply it. You would have lost it anyways, peed it away so to speak :). Multiplying is the cherry on top. When you start multiplying it, take out a little every month, and leave in enough to keep trading, with that same mind set. When you have taken out what you once put in, then the money left to trade with is free money. Even less problematic to loose. And even sweeter when you multiply it.

 

When you put pressure on yourself that you must do this or that, then your focus is off and on the wrong thing. Focus on trading, rather than on profit. That comes automatically. When you know your strat is 70% successful for example you can take the few OTMs in stride. They are bound to happen. It is a mathematical certainty. So are the ITMs. A mathematical certainty. Also know that you don\t need 70% to build an account. With a 75% payout rate you can build your account with a 60% success rate. Anything better than that is double cherries on top!!

 

Switch between demo and real account frequently and treat your demo account like a real account. With more practice you get more routined and you learn to have faith in the mathematical certainties, even when there is the odd day that has more OTMs. Other days also have more ITMs than average. It will average itself out. Grow the account slowly and comfortably and just keep trading. If a day or a moment feels off, trade on demo and trade anyways. Stick to your rules, take breaks frequently, and keep trading between breaks.

 

And never give the 'there would have been x ITMs' any attention at all. A trade you never took is a trade that never happened. It is also a trade you never lost. Focus only on what is, never mind what could have been. Do, then you know what was. Only that counts. Keep doing and your trading will improve. Eventually you will find it pretty boring and have to find something to keep it interesting :)

you have really nailed it.i think am mounting pressure on myself because i need to meet up needs /obligations. thanks bro


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#8 samabiong

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Posted 07 June 2017 - 05:37 PM

Have you considered a trading plan and/or a money management plan?

 

A trading plan has many benefits:

  • It takes away most of the stress
  • It eliminates many of the emotional problems traders deal with
  • It forces you to analyze charts in detail without the pressure of live moving markets
  • It allows you  to take a more objective look at price movements
  • You know exactly what you have to do, when you have to do it and what to expect from your markets
  • Trading becomes a waiting game – you let price come to you; you don’t have to hunt for trades or randomly flip through timeframes
  • Your trades are pre-planned
  • Helps develop a consistent routine that leads to consistent results
  • Helps eliminate noise such as:
  1. Taking trades that don’t match your rules
  2. Missing trades
  3. Chasing price
  4. Inconsistent risk management
  5. Changing indicators or methods
  6. .....etc
  • It also forces you to objectively look at your trading and allows you to create a calmer trading environment
  •  …….and so on

After you have pre-planned your trades with your trading plan, it becomes harder to break trading rules because you have to convince yourself that it’s the right thing to do; you take more of the same trades which also enables you to perform a better performance review; you become more aware of how you really trade once you spend more time planning your trades; and you gain more confidence by following a routine and practicing discipline.

 

With money management, there’s a few mm plans on BOE that’s worth a look into. Check out Rockweli’s and a few others.

 

http://www.binaryopt...ns/?hl=rockweli

 

Have a nice one


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"Planning without action is futile, action without planning is fatal"  - source unknown

"Failure to Plan is Planning to Fail" - Winston Churchill & Benjamin Franklin





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