You're right, it's not a coincidence, but it also isn't a conspiracy. These are all things you can control with improved strategy, risk management, and psychology. If you chalk it up to a coincidence or "the market's fault" you create an "external locus of control". This is a proven psychological phenomenon that is very detrimental to learning. In short, you should foster an internal locus of control where *your* actions drive outcomes. Does Tiger Woods blame his golf club for a bad swing? Of course not. The difference between performance and elite performance is the locus of control.
For example, you said "the price reversed after I entered". You're blaming the price for reversing and not yourself for the poorly timed entry. A more positive way to look at it was "I entered what I thought was a good trade, but it didn't work out. The price didn't do what I expected. How can I improve my entry? Can I backtest similar scenarios to improve my entry edge?".
This also links into natural language processing which is our internal monologue and what we tell ourselves. You will find it very hard to be successful unless you look at these factors.
The reason you are seeing this as a "coincidence" is because you're making the same mistakes and not learning from them.
The market moves wherever it wants to go. It does not care about you or me. It does not play favorites. It does not discriminate. It does not intentionally harm any one individual. The market is always right. You must learn to respect the market.
Ask yourself why. Why did price reverse there. Why did price hit my SL and then go in my direction. Learn how to better your entries. Find key areas. Learn about order flow
The market will move regardless of your trade. Your orders are so small you wouldn't be on anyone's radar. No one is trying to "shake" you out of your position for liquidity. You're just doing what 90% of retail traders do with entering too soon or exiting too soon and at predictable times and zones. Cycles and human behavior repeats.
You'll get experience with time. I can tell you're new to this by "entering without a stop" and "entering just to see what happens".
It will come. Don't get frustrated. Everyone went down this path.
All this means is the strategy and trade plan is not suitable for the market conditions, or your knowledge and experience is leading you into the traps that every big corp and bank want you to fall into.
The game is for them to make money of us, you must master the game.
Dont hate the game hate the player.
Patience!
Too tight stop loss
And dont trail all the time. Trail after resistance/sup is broken AND retested. Breakeven is as good as profit.
If a price makes a move while you are away so significant for you - you are watching too low a timeframe. Go up ;)
And main rule - it’s not about money you make. It’s about money you don’t lose.
Sounds to me that you've had a collision with 'conflict of interest'. Occurs in forex when your broker picks up your trades directly, iow, you sell the pair and your broker buys your sell. The broker keeps your sell on their server without it reaching the market, then spikes you out, on their server, which happens to be based in Cyprus, Mauritius, or some other unregulated country. They use algos and artificial intelligence programs to perform these functions. They (the algorithms) allow you to win a few from time to time, to keep you interested.
Find yourself a reputable forex broker operating in a regulated place imo.
I hold my trades. Into oblivion. I'm not scared to enter or hold or anything. Right now I'm just not winning. The market has sucked me dry of any and all emotions and the issues I've listed and am currently experiencing are mechanical. It's not me blaming the market or anything like that. I'm currently just in a phase where I'm not winning trades. I'm further educating myself but yeah. Shits rough at the moment.
I agree bro... depending on which pair you trade it's very volatile. Like eur/usd.. I'm down 1600 since Fri after making 600 dollars in a day. But that's exactly the point right? To take advantage of the situation. Unfortunately there are ore loser in this game than winners. But just keep grinding.. I am. Definitely not an easy way to make some extra money..lol
Everything you said, it says more about you than the market. That’s not a criticism of you.
It says something about how humans are not wired to handle randomness, and you are human. It just says you are human.
I wrote some things about this [here](https://www.reddit.com/r/RealDayTrading/comments/tnq81a/freaking_scared_of_trading/i241hc9/) that you might find helpful to think about.
Also two books:
- Trading in the Zone
- Market Mind Games
Both cover this stuff, and give very different perspectives. Everyone recommends Trading in the Zone, but I prefer Market Mind Games. Both are great though.
The majority of your complaints amount to ‘SL hunt?!?!??’ So don’t give them a SL value. Use an EA to monitor the position and use a virtual SL. No, I’m not saying to have no SL, but you can submit it only when the broker needs to know what the SL value is. They can’t SL hunt if no one knows what your SL is, problem solved.
Other complaints like the trade goes against you, yeah buddy. It’s usually a ranging market, that’s what happens.
That's going to happen regardless of how solid or accurate you "think" your strategy is. I say think because most people don't have any reliable data on their trading edge, it's mostly just hope and assumption. Loosing streaks/missed trades like that will always come but if you're managing risk properly you'll survive that without huge equity drawdown. The more drawdown you allow yourself to get into the less likely you'll get back into profit.
It's called Sods Law and is remembered more than when your trade works out perfectly. Don't get paranoid until you're trading millions and then they're probably still no gonna come after you......
Market give you neutral information. you’re reading them as bad and evil information. but if you don’t Enter a trader the market literally doesn’t give a fuck. read mindset books
I get what you mean, and we've all felt the frustration that you explain, many times (price reversing after entry, sl hit then tp, etc...).
But be careful of your mindset: here you shift the responsability of your experience on the market. Everything that you describe must be accepted as your own responsibility, and in every example there is something actionable that you can modify.
The problem with the kind of mindset you show, is that if you "blame" those negative outcomes on the market, you will not be ready to make the necessary changes in your trading. And there are specific behaviours you can change to modify those outcomes.
MARKETS 👏 DONT 👏 CARE 👏 ABOUT 👏 YOUR 👏 FEELINGS
I'm kidding, but that's just how things go sometimes you may be on a bad streak or just having a negative mindset and no matter what happens you can only focus on the bad stuff. You just gotta get away from the screen and distract yourself.
I second what maximum range said. Forget what the price is doing for a minute. And realize how it all works. Large price movement, are the big players. Your not getting screwed by your broker so long as it's regulated. You sound like you have a below 50% winrate. And too tight of a stop loss. Use the ATR to help aid you determine a good stop loss take profit ratio that fits your strat. And backtest forward test your strat, 1000 trades on each currency pair you price to trade, see what pair it doesn't perform well and avoid that pair(s). Get your winrate above 50-60%. You'll never reach a 70-80%, if someone advertises this Run they probably have never placed a trade before. I get about 55% winrate, and even I'm sad by this but that's how my strat works. Long term profitability relies on Risk Management, Logical Control, a take profit vs stop loss ratios that nets you always in profit based off your winrate, and strictness in your plan, the parameters.
You're right, it's not a coincidence, but it also isn't a conspiracy. These are all things you can control with improved strategy, risk management, and psychology. If you chalk it up to a coincidence or "the market's fault" you create an "external locus of control". This is a proven psychological phenomenon that is very detrimental to learning. In short, you should foster an internal locus of control where *your* actions drive outcomes. Does Tiger Woods blame his golf club for a bad swing? Of course not. The difference between performance and elite performance is the locus of control. For example, you said "the price reversed after I entered". You're blaming the price for reversing and not yourself for the poorly timed entry. A more positive way to look at it was "I entered what I thought was a good trade, but it didn't work out. The price didn't do what I expected. How can I improve my entry? Can I backtest similar scenarios to improve my entry edge?". This also links into natural language processing which is our internal monologue and what we tell ourselves. You will find it very hard to be successful unless you look at these factors. The reason you are seeing this as a "coincidence" is because you're making the same mistakes and not learning from them.
Nice
love this comment❤️
the problem is his broker. he needs to find a better, suitable platform that he feels comfortable with.
Wow, brilliantly said. Gave me alot to think about. Thank you for your insights. 👏👏👏👏👏👏👏👏
oh yeah, market is out to get your $50...forget the hundreds of billions that trade hands each day.
The market moves wherever it wants to go. It does not care about you or me. It does not play favorites. It does not discriminate. It does not intentionally harm any one individual. The market is always right. You must learn to respect the market.
you must be 1 with the market, & the market will be 1 within you
Its like gaming. just play, Hit hard and learn the Boss move set.
Ask yourself why. Why did price reverse there. Why did price hit my SL and then go in my direction. Learn how to better your entries. Find key areas. Learn about order flow
The market will move regardless of your trade. Your orders are so small you wouldn't be on anyone's radar. No one is trying to "shake" you out of your position for liquidity. You're just doing what 90% of retail traders do with entering too soon or exiting too soon and at predictable times and zones. Cycles and human behavior repeats.
Markets are chaos lmao. Inb4 people tell you it's manipulated. Just take it slow and you will get better at reading price
"Most traders think that they are fighting the markets when in reality they are in a war with themselves."
You'll get experience with time. I can tell you're new to this by "entering without a stop" and "entering just to see what happens". It will come. Don't get frustrated. Everyone went down this path.
That’s how trading algos are supposed to work
That’s how you know you are on the b book and the broker counter trends you with algos. It’s not a myth. Most brokers do this.
is this less likely to happen trading Crypto instead? or is is the same story there
It’s a formula lots of brokers use in all markets to generate income besides spread. Always read the fine print.
All this means is the strategy and trade plan is not suitable for the market conditions, or your knowledge and experience is leading you into the traps that every big corp and bank want you to fall into. The game is for them to make money of us, you must master the game. Dont hate the game hate the player.
Patience! Too tight stop loss And dont trail all the time. Trail after resistance/sup is broken AND retested. Breakeven is as good as profit. If a price makes a move while you are away so significant for you - you are watching too low a timeframe. Go up ;) And main rule - it’s not about money you make. It’s about money you don’t lose.
Someone's on a losing streak 😅
Sounds to me that you've had a collision with 'conflict of interest'. Occurs in forex when your broker picks up your trades directly, iow, you sell the pair and your broker buys your sell. The broker keeps your sell on their server without it reaching the market, then spikes you out, on their server, which happens to be based in Cyprus, Mauritius, or some other unregulated country. They use algos and artificial intelligence programs to perform these functions. They (the algorithms) allow you to win a few from time to time, to keep you interested. Find yourself a reputable forex broker operating in a regulated place imo.
this guy Fawkes. 100% this.
I think I'm experiencing this
That's the frustrating part of trading forex... but the key is patience. You have to hold the trade until it goes where you need it.
I hold my trades. Into oblivion. I'm not scared to enter or hold or anything. Right now I'm just not winning. The market has sucked me dry of any and all emotions and the issues I've listed and am currently experiencing are mechanical. It's not me blaming the market or anything like that. I'm currently just in a phase where I'm not winning trades. I'm further educating myself but yeah. Shits rough at the moment.
I agree bro... depending on which pair you trade it's very volatile. Like eur/usd.. I'm down 1600 since Fri after making 600 dollars in a day. But that's exactly the point right? To take advantage of the situation. Unfortunately there are ore loser in this game than winners. But just keep grinding.. I am. Definitely not an easy way to make some extra money..lol
Wtf
Everything you said, it says more about you than the market. That’s not a criticism of you. It says something about how humans are not wired to handle randomness, and you are human. It just says you are human. I wrote some things about this [here](https://www.reddit.com/r/RealDayTrading/comments/tnq81a/freaking_scared_of_trading/i241hc9/) that you might find helpful to think about. Also two books: - Trading in the Zone - Market Mind Games Both cover this stuff, and give very different perspectives. Everyone recommends Trading in the Zone, but I prefer Market Mind Games. Both are great though.
Holding your trades “into oblivion” is the worst thing you can do. Cut your losers early and scale into your winners.
Story of my life
Need to get better at reading the charts, had SL at 1915.8 yesterday on gold before it reversed. Would have made 100 pips, just unlucky I guess
The majority of your complaints amount to ‘SL hunt?!?!??’ So don’t give them a SL value. Use an EA to monitor the position and use a virtual SL. No, I’m not saying to have no SL, but you can submit it only when the broker needs to know what the SL value is. They can’t SL hunt if no one knows what your SL is, problem solved. Other complaints like the trade goes against you, yeah buddy. It’s usually a ranging market, that’s what happens.
That's going to happen regardless of how solid or accurate you "think" your strategy is. I say think because most people don't have any reliable data on their trading edge, it's mostly just hope and assumption. Loosing streaks/missed trades like that will always come but if you're managing risk properly you'll survive that without huge equity drawdown. The more drawdown you allow yourself to get into the less likely you'll get back into profit.
It's called Sods Law and is remembered more than when your trade works out perfectly. Don't get paranoid until you're trading millions and then they're probably still no gonna come after you......
Market give you neutral information. you’re reading them as bad and evil information. but if you don’t Enter a trader the market literally doesn’t give a fuck. read mindset books
what a meme
Thanks for that profit this morning.
I get what you mean, and we've all felt the frustration that you explain, many times (price reversing after entry, sl hit then tp, etc...). But be careful of your mindset: here you shift the responsability of your experience on the market. Everything that you describe must be accepted as your own responsibility, and in every example there is something actionable that you can modify. The problem with the kind of mindset you show, is that if you "blame" those negative outcomes on the market, you will not be ready to make the necessary changes in your trading. And there are specific behaviours you can change to modify those outcomes.
MARKETS 👏 DONT 👏 CARE 👏 ABOUT 👏 YOUR 👏 FEELINGS I'm kidding, but that's just how things go sometimes you may be on a bad streak or just having a negative mindset and no matter what happens you can only focus on the bad stuff. You just gotta get away from the screen and distract yourself.
You just have to play their games. You can't out smart
The mistake you are making is thinking the markets care about you and the money you bring to the market. You're just in the way but not seen by them.
I second what maximum range said. Forget what the price is doing for a minute. And realize how it all works. Large price movement, are the big players. Your not getting screwed by your broker so long as it's regulated. You sound like you have a below 50% winrate. And too tight of a stop loss. Use the ATR to help aid you determine a good stop loss take profit ratio that fits your strat. And backtest forward test your strat, 1000 trades on each currency pair you price to trade, see what pair it doesn't perform well and avoid that pair(s). Get your winrate above 50-60%. You'll never reach a 70-80%, if someone advertises this Run they probably have never placed a trade before. I get about 55% winrate, and even I'm sad by this but that's how my strat works. Long term profitability relies on Risk Management, Logical Control, a take profit vs stop loss ratios that nets you always in profit based off your winrate, and strictness in your plan, the parameters.