Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

mohsinqureshii

My Emotions

Recommended Posts

After trading for more then 5 years and watching the profit and loss of thousands of dollars , I think this is still a way to learn money - day before yesterday I traded in Silver and it wasn't moving at all - I was having a single trade into it and it took about 8 hours for a single trade going here and there and watching that trade when I thought I should quit with this trade although it was not giving me a lot of losses just 100 $ but I was tensed for a good 8 hours.

 

I don't know how you people control such situation when the markets are not moving at all and you are having trade for a many hours and neither it goes into profits which are expected nor losses.

 

I become emotional in these situations and I always loose.

Share this post


Link to post
Share on other sites

range bars - and once I have my trade on, I try and do other things, but keep an eye on it- EUR USD similar today - spent hours doing nothing, then fell and rallied sharply.

Share this post


Link to post
Share on other sites

You have nerves of steel for trading silver if you were trading silver futures. 8 hours is a long time in a day trade if it was a day trade. Give yourself some credit if that is the case.

 

No reason to stay in a trade if it is taking too long. You can always get back in when you get out. Separate your self worth, esteem, etc from your trades. You didn't fail if you exit a trade when it is not moving. you have no control over the market. You should be the only one that has control over what happens to your account.

Share this post


Link to post
Share on other sites
You have nerves of steel for trading silver if you were trading silver futures. 8 hours is a long time in a day trade if it was a day trade. Give yourself some credit if that is the case.

 

No reason to stay in a trade if it is taking too long. You can always get back in when you get out. Separate your self worth, esteem, etc from your trades. You didn't fail if you exit a trade when it is not moving. you have no control over the market. You should be the only one that has control over what happens to your account.

 

Normally I usually trade Spot but still it is a long time for a single trade - I don't know but Silver is the only product which always nervous me although I lose into but still can't stop myself trading into it ;-)

Share this post


Link to post
Share on other sites
Normally I usually trade Spot but still it is a long time for a single trade - I don't know but Silver is the only product which always nervous me although I lose into but still can't stop myself trading into it ;-)

 

Give me your money - I will pretend I am trading silver for you, I will return some of the money to you after a year.

Less than what you give me, but more than if you traded it yourself.

A win win situation. :)

Share this post


Link to post
Share on other sites
Normally I usually trade Spot but still it is a long time for a single trade - I don't know but Silver is the only product which always nervous me although I lose into but still can't stop myself trading into it ;-)

 

I had a similar situation when I started trading currencies...usd/jpy was driving me crazy...i long then it goes down, i short then it goes up..started to believe that it was somehow cursed...since that time I don't touch it often :roll eyes:

Share this post


Link to post
Share on other sites
I had a similar situation when I started trading currencies...usd/jpy was driving me crazy...i long then it goes down, i short then it goes up..started to believe that it was somehow cursed...since that time I don't touch it often :roll eyes:

 

Ditto that (and not necessarily to your specific situation, mo) - Those activities, things (and relationships) in life that we are attracted to, but really should learn to avoid are opportunities to shave off some of our personal delusions and illusions, etc. … and then later take on the challenges of clearing projections and attributions we have made on the object… I had to work through the same thing as obsidian with the Yen… long ago felt snakebit with it, decided not to trade it anymore, then later realized I needed to find ways to work through these kinds of limits.

Share this post


Link to post
Share on other sites

mohsinqureshii,

 

With Silver, as I mentioned in your recent Silver thread, until certain ‘crowds’ have been activated silver will still just sit there… more than many other markets, certain of the crowds in Silver live more ‘in’ cyclical time than they do ‘in’ linear time.

 

This is an ‘out there’ hypothesis but when you have experiences like “I become emotional in these situations” “I don't know but Silver is the only product which always nervous me although I lose into but still can't stop myself trading into it” it may mean you are tangentially in touch with the morphic field of one of those ‘crowds’ … and some part of you doesn’t want to “miss out” on what might be building within that ‘crowd’

 

So, Silver is a “bullet” :) but sometimes it’s an unfired bullet just sitting there.

… if you look at say an 8 hour chart you can see it has been basically just sitting there in the same range since mid May … ie it’s not currently a very appropriate for short time frame ‘impulse wave’ trading …

It WILL be a speeding bullet again… maybe tomorrow :spam: and :helloooo:… but for now it sits in gata land ;) ... patiently prepare. … having been in congestion this long a strategy of entry stops above and below has progressively increasing probabilities … and upon a breakout, if and when it retraces back in to the congestion area, ‘limit’ entries or second breakout stop ins would also be suitable in a plan.... whatever it takes to be on the silver bullet when it does go ... because each time it does go 'speeding bullet', it has the potential of going very very far :)

 

… Often with trading, the less you 'expect' the more it 'gives' – from another angle, it is finding and feeding those aspects and archetypes ‘in there’ that can and do operate in the absence of expectation, attachment, and unnecessary limbic system activations.

Share this post


Link to post
Share on other sites
mohsinqureshii,

 

With Silver, as I mentioned in your recent Silver thread, until certain ‘crowds’ have been activated silver will still just sit there… more than many other markets, certain of the crowds in Silver live more ‘in’ cyclical time than they do ‘in’ linear time.

 

This is an ‘out there’ hypothesis but when you have experiences like “I become emotional in these situations” “I don't know but Silver is the only product which always nervous me although I lose into but still can't stop myself trading into it” it may mean you are tangentially in touch with the morphic field of one of those ‘crowds’ … and some part of you doesn’t want to “miss out” on what might be building within that ‘crowd’

 

So, Silver is a “bullet” :) but sometimes it’s an unfired bullet just sitting there.

… if you look at say an 8 hour chart you can see it has been basically just sitting there in the same range since mid May … ie it’s not currently a very appropriate for short time frame ‘impulse wave’ trading …

It WILL be a speeding bullet again… maybe tomorrow :spam: and :helloooo:… but for now it sits in gata land ;) ... patiently prepare. … having been in congestion this long a strategy of entry stops above and below has progressively increasing probabilities … and upon a breakout, if and when it retraces back in to the congestion area, ‘limit’ entries or second breakout stop ins would also be suitable in a plan.... whatever it takes to be on the silver bullet when it does go ... because each time it does go 'speeding bullet', it has the potential of going very very far :)

 

… Often with trading, the less you 'expect' the more it 'gives' – from another angle, it is finding and feeding those aspects and archetypes ‘in there’ that can and do operate in the absence of expectation, attachment, and unnecessary limbic system activations.

 

Well said :)

 

I don;t know what happened to Silver these days its on a same channel and just like a turtle - but there is always a silence before wind comes so same is happening with it.

Share this post


Link to post
Share on other sites
Well said :)

 

I don;t know what happened to Silver these days its on a same channel and just like a turtle - but there is always a silence before wind comes so same is happening with it.

 

And at last SILVER Made my Day on 20th :) After one month of silence it broked and I enjoyed this week trading silver. Some times I really hate it - but now I AM LOVING IT :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.