10 years of foreign exchange trading experience (Part three)

I summed up the reasons for my previous mistakes:
First: heavy warehouse operation, this is too terrible, and fatal. Heavy trading is like taking millet from fire. Who can guarantee not to be burned? I don't think there is anyone. Unless you have gloves on, you have experience of getting the best when the fire is small. But how many people don't have any security measures to jump into the group directly?
Second, frequent operation. Can not hold their own temperament, rely entirely on empiricism to do the list. This will increase your error rate, the mistake is not terrible, the terrible is the mistake after not to admit defeat, this is the most lethal.
Third: no trading system: under subjectivism, the single manufacturing is frequently operated, and frequent operation means there is no trading system. I think there must be a trading plan to do well in order to do a good deal. It is a signal or trading system that I can understand.
Fourth, do not operate more than three kinds of trading at the same time. It is highly relevant in time. You will find that when you operate more than three varieties, it is difficult to concentrate on holding the list, and you often close the warehouse without too much profit. It is better to hold a list of two varieties and hold it according to the plan. This will not make us hesitant. The problem is found out, and then I build my trading system, and then we will follow the plan.
Re - entry operation: found the problem, in April 2008 I can not wait to enter the gold 500 dollars. I wonder if my strategy worked or I was lucky. The account had achieved $1600 in less than a month. During this period, I strictly follow the trading signal, do not do it firmly without the signal, and wait patiently. This result has given me hope in my heart, but what's more terrifying is the breeding of pride. Finally, a roller coaster market let me abandon the system and plan again, account overnight reduced 1450 dollars. The remaining $150 is not confident to do it again, and the random order account soon burst.
By the way, the problem of account shrinkage: most novices have a psychological, when the account principal loss is not too big, or has little impact on him. At this time, I am generally confident to do it back. But most people are originally profitable accounts, after the operation of a lot of losses, at this time, confidence is the biggest blow. Many people are also at will in the operation of the remaining funds because of the lack of confidence. So it is not so simple to say that the transaction is not technical analysis, but more importantly, mentality. If you can't pass this, it's hard to earn money for any good technical analysis.
Continue to enter gold operation: in April 2008, the gold was opened in about a month. The reason should be clearly seen. The plan has been left behind, and the order is as random as before, afraid to miss the opportunity, not patience and other signals, and order orders again. These old problems have been made again, especially after a big win and a great loss. This time I didn't hesitate, and immediately after the opening, I added another $500. This time I think of a way to do a single, must write the plan in the notebook, do not write down on the firm not to order. The position is controlled at around $500.2 due to the small capital. The account is steadily growing. It's doubling in a month, but it's easy to think twice, especially for small funds. If you can catch 200 points, you can get $400. When you make a profit, the position should say that the account is not risky. Actually, there is no system in the operation style at this time. Several consecutive bursts have let me give up the system. At this time, more is the market feeling transaction. Just want to write down the list in the notebook before trading.
Meet Master: the account as always smooth, 500 dollars of principal two months operation has reached 1800 dollars. But by 1800 dollars, you can't do any more accounts. During this period, I kept making and earning losses. For a month, the account was basically wandering between 1600-1900. I was very angry and impatient. It is the search for foreign exchange experts online, at that time foreign exchange website is not too much, don't say what experts. But the mood was sincere to find the master, there was a teacher to speak very implicit, also said very deep. I feel like I met a master. Just explore the problems I'm meeting now. He said very right, first I do not have my own trading system, will enter the apprentice, will appear is the teacher（ I am doing it all the time. It is very lethal to see the direction. I heard it very right. I hope to be a teacher. He offered the condition to sell my trading system and take me as a apprentice. I was really impulsive and eager to meet the Legendary God, and I gave him thousands of dollars to buy his trading system. And I have to teach him. Later I added to his QQ group, which is all his customers. He asked me to open an account under his name, so that I could teach me what he really was. I see that since the money has been spent, I will open another one, opened a 1000 households in the name of the teacher.
After opening an account under the name of the teacher, the teacher taught me a lot of ideas, including following the situation, such as the day line map is short, resolutely not to do more, even if there is no chance to wait for the market to go up and go empty. For example: how to appear… Such as capital management… To be honest, the teacher said very well, I have written down them all one by one, and that market has been very smooth. The new account opening for $1000 is $1500 in a few days. I was glad to feel the good value of my money. Follow the teacher to shout out that making money is just making money. But after a while I found out the problem, the teacher called out when he was doing the list, and he didn't order according to the system he taught me. 10000 dollars can make five hands of gold and run with three dollars. I asked the master how you said and did something different. The teacher told me that to follow the market, we have to change the market. It makes sense. I followed the master to make the list in a blink of an eye, but later found that it was not $1000, and gold of 0.5 hands let me enter the field. Stop losing one dollar. The profit is $3.4. My account has been stopped constantly during this period, but I still believe in the strength of teachers, I think the market is wrong. Not the teacher is wrong. Later I went on operating and made a profit and a loss. The account is shrinking. Later, the teacher said that it was his strength to take us to be non-agricultural. I was very strange. The risk events I get from dealers should be avoided. Why. The teacher said he made money from experience. I am very firm to say that we must make money. I am helpless but also very looking forward to shrinking accounts can be a non-agricultural all back. Non agricultural as scheduled, accounts 0.5 hands of gold burst in a flash.
Later, I really realized that I really wanted to shoot my head hard. How stupid. The so-called master is a fraud. He really needs to be so powerful and still use to call people to sell the trading system. Do not operate frequently, and the situation for position management has deepened my impression on the market again. I have no hesitation, no emotion deleted teacher QQ, quit QQ group. At this time, no language is needed. Blame yourself. Here I also advise some novices, don't believe some so-called masters, timely he is a master his thing is not yours, this thing does not experience the market you can never understand the use of other people's things.