Re: XARD - Simple Trend Following Trading System
12281hello everyone, please show the post where i can download the latest version of the system. Thanks
Boobligoom wrote: Tue Nov 15, 2022 9:10 am hello everyone, please show the post where i can download the latest version of the system. Thanks
Here | attach/file/3444086Boobligoom wrote: Tue Nov 15, 2022 9:10 am hello everyone, please show the post where i can download the latest version of the system. Thanks
Hi FAIZANXG,
My buy was after the second DOT at the blue arrow candle closeBeatlemaniaSA wrote: Tue Nov 15, 2022 10:35 pm Hi FAIZANXG,
Were your trades BUYS or SELLS? One cannot tell from the screenshots you've posted. Maybe take screenshots of that whole chart so that we will be able to see your trades more clearer. Thus be able to assist you better with our comments and/or suggestions
Regards,
BeatlemaniaSA
FAIZANXG wrote: Tue Nov 15, 2022 10:57 pm My buy was after the second DOT at the blue arrow candle close
I trade 0.25 or 0.50% of account balance per trade and only open a second trade once my first trade is risk free i.e hit TP or BE has been initialised.traderokey wrote: Tue Nov 15, 2022 11:21 pm The yellow square semafor says it is a downtrend, so you can safely take 2nd dot trades for sells only. If, out of boredom, you want to go against the trend and take a buy trade, then it should be lower risk and a scalping trade for few pips.
Don't beat yourself up too much. I make this mistake often but have started turning the corner gradually. Targeting daily 4% profit and nipping in and out to achieve that has helped me significantly. I only blew my account in the past when I went emotionally overboard and overtraded. Maybe you can just open one trade at a time and ONLY add a second trade if there is a real trading reason (beyond emotion) to do so. This limits the losses. I found out that I'm not particularly good at managing loses and often let them run, hoping against hope that the market will run. I suggest you cut yourloses very early and admit that you were wrong (easier said than done, I know!). Using a trade management tool to set hidden stop losses has been helpful for me too.