Thanks Cliff and all,
Luckily I catched your post on time.
Cliff, I know there are many successful traders and they share almost a set of rules (don't they? Not to mention losers for there are no reasons or unlimited number of reasons why they fail, I surely don't want to be one of them).
From the first post I read on this forum, always have the feeling that "successful = fulltime". Now I see you as the first (hope not only one) to be part time.
Yes, hunting for living is more than great. Till now I am just trading
demo and you know, with no good results. Of course I am not disciplined enough but I 'd rather think of that later, now is time for a little-more-than-equal strategy (am struggling for breakeven).
I always get losses deeper after temporary recoveries.
Because it's just a demo account, then you can say not much emotion? No, actually some times that's correct when I am too occupied by other must-do things, but most of the time, I must admit unable to be indifferent (and this counts?).
I think the biggest reason for my losses is that my trades are stops frequently - even with different stop loss settings (max=50pips as I collected from someone on this forum).
Not much time for watching the markets, the only entry type for me is stop orders (first method as you stated). For that, the required factors are :
orders are to be executed and stops should not be hit too early. I just got the first half.
I draw trendlines, analyze even monthly charts (then weekly, daily...) to spot the correct levels to put SL but no help. The it leads to the feeling that you should be by the screen at the right time.
One more reason to support that is that you may miss the big move when you are away, then what will supply your energy for hunting except for rats or flys?
Indicators don't help because I could not catch up when they signal.
Well, I may have to practise 5 years in deed
