Dream Chaser (Theo ironmine)

Mức sinh lời : +4.97%
Mức sụt vốn 19.57%
Pip: -514.4
Giao dịch 153
Đã thắng:
Thua:
Loại: Thực
Đòn bẩy: 1:25
Giao dịch: Tự động

Dream ChaserThảo luận

Oct 12, 2015 at 10:44
706Lượt xem
18 Replies
Tham gia từ Oct 12, 2015   37bài viết
Oct 23, 2015 at 14:26
Hi everybody!

My name is Eugene.

I decided to give Forex a try.

It's better to lose some money that to regret later that you've missed some opportunities in life. My wife is quite tolerant of my new hobby, as she knows I am not stupid. I hope she's not wrong about me.

On the other hand, I plan to proceed in cautious steps and without taking unnecessary risks.

I live in Russia where salaries are small, if you convert rubles to dollars. especially now after the Ukrainian war crisis (I hate Putin, he's a dictator and a war criminal), so if I manage to earn at least $500 per month, it will be a significant income increase for my family.

I try to learn trading, on the first days I was not lucky, I am afraid I have spoiled my statistics with these first days of trading.

I think (there is just a timid hope at this stage) that I have stumbled upon a reliable principle in trading. At least, a cBot following these rules showed good performance. So, if even a cBot can be taught how to trade successfully, I, human, can do it too. (But I don't use this cBot for now, as it needs to be optimized first and I need to change its code to protect equity in a better way). I trade manually so far.

Today I had a modest success - $45.54 profit (11 trades total, 10 winning, 1 losing). I do not know if it is a lucky exception or not. We'll see.

I use leverage 1:25. I am afraid to use more, as I am not sure in my skills.

Bye for now.
Hey, what about MY dreams?
rob559
forex_trader_29148
Tham gia từ Feb 11, 2011   1916bài viết
Oct 23, 2015 at 16:41
good luck bro ,if you need any help le me know i will assist you you with pleasure😄
Tham gia từ Oct 12, 2015   37bài viết
Oct 24, 2015 at 00:24
Hello Rob,

Thanks a lot. Good luck to you too in your trading. I liked your profile and your statistics.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Oct 26, 2015 at 13:01
Today I traded again, and first got into profit, around $30. I should have closed all the deals, but I waited needlessly longer and one trade went against me. Then I made another mistake: I decided to 'get my revenge' on this currency pair (the opportunity was clearly there) and got two more losses. I need to improve my discipline. Next time I will try be smarter and more consistent. But I do feel more confidence now and I don't panic any more. I feel that my strategy basically works, I just need to work on it more.

Today I earned almost $12. I keep telling to myself: you got deposit $1000-$1100. That's 1.2% per day. I should be reasonable and be satisfied with this rate of growth. This is more than I hoped for. When I put money into a bank, I need to wait for one year to get miserable 3% interest per year. I here I am, earning 1/3 of the year interest per day.

Discipline, discipline and more discipline - and no more 'desires of revenge' and this stupid stubbornness. Let it be my today's lesson.

Bye for now.
Hey, what about MY dreams?
tommy2308
forex_trader_137597
Tham gia từ Jul 04, 2013   88bài viết
Oct 26, 2015 at 13:53
HI Good Luck Eugene, You will control those feelings and emotions with exposure to trading, Any day can be a bad day and with some time you will get over the emotions, but remember to never risk too much, it is safer to have a bad trade and accept small losses than to risk your whole capital trying to recover, You cannot win every day. Accept losses, nothing is perfect
Tham gia từ Oct 12, 2015   37bài viết
Oct 26, 2015 at 21:40
Hi Tomas Rodriguez Doherty,

You are certainly right. Losses must be accepted at Forex in the same way we accept rainy weather.

I do not risk, per single trade, more than 1-2% of the deposit. And, as I open 4-5 positions, the risk becomes distributed and manageable.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Oct 29, 2015 at 02:14
Yesterday, I spent so much time looking for good entry points and could not find any.

So, I tried a little bit different method (based on Elliot Wave Analysis), the setup looked perfect, but then the market went against me and the net result is $6 loss.

If I opened 5 or 6 positions, I am sure I would average out them into a profit, but I just could spend any more time at the computer yesterday. It takes SO much time to find an acceptable Elliot wave.

Well, I need to stay patient and either learn to analyze Elliot waves faster, so I can make 4-6 trades per evening. Or (it is more probable) I need to go back my strategy and stick to it.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Oct 30, 2015 at 13:17
Today's result: $33. I easily found good, almost excellent entries, quickly opened 6 positions. 5 went into profit, only 1 brought $7 loss. I am very satisfied today with my performance.

I devote to studying Forex almost all my available time. I want to buy a special software, but I need to earn money for it first. This software is from the author of the book which I now read. More and more I become confident that his strategy really works. Even I, just a beginner, by applying his basic principles, already trade with profits.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Nov 04, 2015 at 02:08 (đã sửa Nov 04, 2015 at 02:15)
Thinking about moving to higher time charts (daily).
I now have a very powerful analysis software, it helps me to find and analyze markets.

My manual skills also improve. Lately, my mind was overloaded (almost intoxicated) with new information and things to do, etc., but eventually it all starts to settle down and become clear. I am gaining confidence but risk management and following the rules are still and will always be a top priority for me.

After the trades are closed, I go back to the history and study what happened and what could have happened, etc. Such study helps to improve the logic of the strategy and find your errors hoping to prevent them in future.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Nov 08, 2015 at 09:18
Well, looks like I need to study more as my recent errors have been eating into my previously made hard earned profits recently. Looks like shorter time frames have been kinder to me, but we shall see...
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Nov 09, 2015 at 12:24
I think I am stupid. What happened to me? Losses, losses, losses... The more I read and study, the more losses I generate.
Hey, what about MY dreams?
tommy2308
forex_trader_137597
Tham gia từ Jul 04, 2013   88bài viết
Nov 09, 2015 at 12:28
Be calm, We all go through phases at the beginning, A good idea is to Leave the real account safe for a few days, and trade on demo until you get the hang of trading again, It is the emotions of trading, Calm and take one day off. Trade on demo for one day, You will see.
Tham gia từ Oct 12, 2015   37bài viết
Nov 09, 2015 at 23:32 (đã sửa Nov 09, 2015 at 23:32)
Thanks, Tomas. Your advice is indeed wise.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Nov 18, 2015 at 08:38
I learn trading, I have not abandoned this account.
Hey, what about MY dreams?
tommy2308
forex_trader_137597
Tham gia từ Jul 04, 2013   88bài viết
Nov 18, 2015 at 08:46
Good :)
Tham gia từ Oct 12, 2015   37bài viết
Nov 24, 2015 at 02:50
I got into some losses with manual trades and decided to call robots for help :) After I installed my trusty cBots, only after 2-3 days, they quickly got me out of losses into profits again :)

I think I will concentrate from now on on robotic trades. When I trade manually, the biggest problem for me (causing hesitation) is that I am not sure which settings of indicators to choose and it's a key element which changes the whole picture. The only way to see for sure which settings are better is to check them on historical data with backtesting. Aha, but this is what robots do. So, if 'backtesting' is done better with a cBot, why not trust the same cBot with 'forward trading'? See my logic?
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Jan 21, 2016 at 00:09
Still hanging on, don't write me off yet.

This account is now automatic.
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Jan 24, 2016 at 13:02
7 cBots are working here. So far so good. Still too early to draw conclusions. Forex turned out to be quite a challenge, but I enjoy it :)
Hey, what about MY dreams?
Tham gia từ Oct 12, 2015   37bài viết
Feb 07, 2016 at 03:08
I decided to unite two accounts, so this account is stopped. I don't see anymore any benefits of having two separate accounts. I moved the funds to another account (https://www.myfxbook.com/members/ironmine/far-east-robotics/1411523).
Hey, what about MY dreams?
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