Originally posted by ccjhuang
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Jimmy’s Manual Trades
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Jimmy why you are so emotional?
If you look the most systems generate only losses or just a few gains in january. You even make 11% gain in January. That is good, the only bad is your trading behavior with emotions and dont stick to your plan. That beavior is the only reason of the losses. Overtrading comes from the point that you are hunting trades to compensate losses, but losses are part of the game. With hunting them you increase the risk of the next loosing streak and the result was a straight fall from 65% to under 5% right now.
Take a break, make a bigger deposit so that you always think twice before your opening trades. You wont open the USDCHF trades on your big account, you wont blow it with only 2 trades or even you open there this trades, you're only risking a few peps like shown in the past with 20 lot trades on your account.
If the USDCHF trade will be in profit, it is only pure luck because of a good NFP. In future please stick to the plan Jimmy, because we stick to YOU!
We all know you're human and human made mistakes, but dont give up. This is the most successfull change and the bigges probability for your to start an independet carreer. You have loyal follower in this community and we support you on this way. Financially and mentally. But you need to work with us together and work on yourself.
Damn jimmy you have outperformed the SFE PA, Nightscalper and Steady around 60% gain, then the losses. But if we look deeper, you have performed so well in volatile times. During NFP, central bank meetings, and high impact news. The most losses happen during non driving events I think. So please be advised, we are behind you and your abilities and want that you trade and stick to your plan Jimmy, and dont say only so MEAN IT, LIVE IT and TRADE IT.
So take a cold beer at the weekend and from Monday start fresh and motivated again. We believe in you.Last edited by danwe1987; 02-02-2018, 01:44 PM.
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Thanks for your words. I will certainly try to be a better trader in the future.
The NFP numbers were good so I managed to recover some of the losses, but SFE PA has opened a lot of pending orders indicating there is likely going to be a major reversal on the USD strength so I have decided to close the USDCHF trades. I may even sell USDCHF later if the reversal is confirmed.
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Originally posted by ccjhuang View PostThanks for your words. I will certainly try to be a better trader in the future.
The NFP numbers were good so I managed to recover some of the losses, but SFE PA has opened a lot of pending orders indicating there is likely going to be a major reversal on the USD strength so I have decided to close the USDCHF trades. I may even sell USDCHF later if the reversal is confirmed.
I cant imagine how you feeling right before NFP releases. Its must be very hard for you, so dont think that you are a bad trader. We like your trading results, see how many subs you already have. I dont know what is the average on Simpletrader but you can imgaine that you already above the average!!!
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Oops...that was a bad move by me...tried to be smart and jumped in too early before the reversal was confirmed...
Ok I am going to calm down now and not take any more trades for the rest of the day.
I know a lot of you guys have trust in me, which I really appreciate, but I think even myself feel I am way too emotional to be able to cope with the mental stress of manual trading...anyway I will have a good think over things over this weekend and let you know what would the plan be going forward.
Wish you guys a nice weekend.
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Originally posted by ccjhuangHi Guys,
Sorry for the late reply. As you can see I am still trading the account. I decided just to continue trading as I normally would, and take the extra risk when I feel it�s justified. If people can�t tolerate the risk I am taking then they should lower the risk or not subscribe to my signal.
Today SC opened another GU long and SFE PA currently has buy stops on EU and sell stops on USDCHF. They made me believe that USD should weaken again but obviously the trades have not gone in our favour. GU is now testing the 1.40 and EU is now testing 1.24. They could rebound strongly from here but if the support get broken then I will just take the loss. If the GU and EU trades both hit SL then I think I will stop trading the account for a while...
The market has not been favourable lately...my personal account running SC/SFE PA/SFE NS has also lost about $10k in equity in the last week. So I am also suffering with my large account...
By the way, I have decided to increase the risk for SFE PA on my personal account to Autolot High Risk 250% today. I have read the latest post by SC on his thread and he is expecting a lot of volatility with several central bank news coming up this week. I really feel SFE PA is very close to making a new high soon...but we shall see.
Sent from my SM-G955F using Tapatalk
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