Brussels Belgium
Posts: 7 since Aug 2014
Thanks Given: 5
Thanks Received: 1
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Hi everyone,
I've had my first day of trading real money today and, well, as you can expect, it didn't go so well.
I am still really green when it comes to day trading. I've decided to take on forex demo trading about 1,5 months ago. After getting my account up to a certain amount I decided to make some live trades. With these trades I've lost a substantial part of my investment money. I will attach my journal so you can see how awful they were.
Once I started live trading, I neglected most of my rules. Emotion took over: the hope for large gains, the fear for losses. One of my most basic rules: wait until support/resistance is fully established, was the first one I "forgot". It ended up with me going short on the support price (I didn't carefully examine where this price could be).
I am sharing this experience because I know I did something stupid, and I'm pretty much asking to get scolded .
So, feel free to criticize whatever you think is necessary. I want to learn from this experience and become a wiser trader and person in general.
Kind regards,
Reemus
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