Saturday, March 21, 2009

What I had to overcome

For the last few months, I've maintained my account at the same level. I get frustrated knowing that I'm following my strategy to trade, but after a string of losses, when I'm supposed to up my number of minilots a little bit, I get scared. For example, I start of with 3 minilots, I lose. I trade again with 3 minilots, I lose. The next one I'm supposed to trade with 4 minilots. If I lose again, 4 minilots. The next one is supposed to be 5 minilots. But by this time, I'm a bit nervous to jump in with 5. So I stick to 4, then i make my win, but now it's enough to recover what's lost in the string of losses. So after a week, I bring my account by up to what it was at the beginning of last week.

So, I've told myself to get over that fear. Since I did that, I've increased my account by a good deal. In the last couple of weeks, I've profited close to $1500. I guess I've found the last flaw that was holding me back.

1 comment:

  1. HI, what is needed to be a forex trader like u, is this your sideline & u have a full time job. Trying to find my retirement job at the moment lol

    Rgds & thks for sharing

    ReplyDelete