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Test of the Self-Assessment techniques for Creating Your Personal

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Writing an article is really not a complicated task once you understand the structure well. A appropriate format is crucial for the improvement of convincing composition on any specific topic. Hence, pursuing the right structure when composing a plan of your own study papers is easily the most essential measure. Therefore, if you’re about to write a small company notice, this created structure may supply you with various essayswriting formatting that you are able to utilize as information. Read More

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Last week trades

Last week was great, with closing some of the trades that were opened last week this week I’ve pulled over 2000 pips which is about 700 pips since I scale out 3 times. Here are some of the trades that we got into last week:


How to regain confidence in yourself and trading after a big loss

Recent GBP flash crash has wiped out a lot of traders’ accounts and it looks like some brokers will also go out of business because of this. Not only because they also lost a lot of money, but also because of the reputation they have built for themselves in regards to honoring stops and potential lying.

I have lived through about 4-5 flash crashes in several markets over the years. I don’t know a good trader who hasn’t been on a wrong side of a flash crash in the last several years. I know that there is no amount of words or sentences that can return your lost funds. There is a possibility of a class action law suit that can take a long time with a small settlement.
Right now is a very critical moment in your life and I want you to own it. I want you to make the best of this and in this letter I will describe how and what I did in the past.

To gain confidence in myself, trading and the whole system I started out by

– taking a little break to clear my head, it can be anywhere from a few days to a few weeks or even a month
– counting my blessings: I still have limbs, friends, family, health and I am loved
– remembering all of my successes as a trader
– getting very clear on what I really want in life and career
– taking important lessons from what happened
– applying those lessons in the future trading when I return
– do more research and education on the matter and trading as a whole
– learn more about risk management and trading psychology
– start taking care of my body, health and the mind by practicing daily mindfulness meditation
– stay social and forgive myself and others, I only have myself to blame and no one else
– take full responsibility of what happened no matter how hard it is and then let go, how? Just let go.

Everything that happens in life can be a lesson, when something good happens we look to ways of repeating it, when something uninvited happens we look for ways to avoid it in the future. This event and others are lessons for us. We will all take away different lessons from this and become better and stronger because of this. There is nothing more powerful than who you are as a person, do not let anything or anyone break that! Instead you have a decision to make right now. There are many other traders who are in exact same shoes as you are or even worse, some of them will be defeated mentally, or worse (we know it from the past, 1929, 1987, 2001, 2008, etc), yet many will overcome this and come out a better person/trader despite of the event. I think this is the only way to get back at “them”, by being strong willed, patient and forgiving.

When I get into a negative thought pattern I remind myself that ‘it is what it is while it is”. I ask myself how I am feeling right now, over and over again until I get an answer(s) and I distance myself from these thoughts that do not let me move on and do the right thing.

We must learn before we can earn

Trading, like any other worthwhile activity requires proper education, practice and patience. No sane person would go into brain or spine surgery after a week of training. You also do not see much success in any other field of performance be it sports, business, politics or law, without proper knowledge and training. Before you can start to gain competence you have to know what you don’t know and then you would know it and start putting your new knowledge to practice. Read, read, read and then read more.

Research, apply your ideas about trading to your charts and always, always work on yourself. FOREX is the best and the worst place to find yourself. It is best because it will show you who you are very quickly and worst because you might not have wanted to find out and now you would be forced to change and change is hard and it takes time. This brings me back to the original proposal that any worthwhile goal takes knowledge and patience. Read on. Study up.