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You went short on a market and it quickly went in your favor.
You're feeling good about yourself and start to count the open profits you've made.
Then... you noticed the price has stalled and has stopped moving in your favor.
Slowly, it crept higher and higher... and eventually, hit your stops.
Now, you're relieved that you've cut your loss.
The next thing you know, the market starts reversing back into your original direction. How would you feel?
Frustrated?
Angry?
Like an idiot?
So, here's the thing...
If you feel any of the above, then it means you haven't matured as a trader. These are negative emotions that are harmful to your trading performance.
Go watch this week's market analysis and find out what you should do instead.
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
You went short on a market and it quickly went in your favor.
You're feeling good about yourself and start to count the open profits you've made.
Then... you noticed the price has stalled and has stopped moving in your favor.
Slowly, it crept higher and higher... and eventually, hit your stops.
Now, you're relieved that you've cut your loss.
The next thing you know, the market starts reversing back into your original direction. How would you feel?
Frustrated?
Angry?
Like an idiot?
So, here's the thing...
If you feel any of the above, then it means you haven't matured as a trader. These are negative emotions that are harmful to your trading performance.
Go watch this week's market analysis and find out what you should do instead.
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
as long as the cat gets skinned is fine i guess… lol
Be prepared to re-enter…..
Quality of a trade is not based on an outcome. Follow your plan
Rayner so your stop is 2 ATR but you had 1 R in hand with a trailing stop? Then you go on to close the trade out with a 0.7R loss. So is your trailing stop 2R or 2 ATR? If that is correct then that means that you only had 0.5R in hand and your 2 ATR = 1R
excellent video respect for you!!! cheers mate
Rayner, you have pretty high level of trading psychology. How long did you take to reach such level ? ^^
Hi Raynor, We not only come from India, But also Denmark. That´s the country next to "Swedish kroner…" I like Your videos alot, and Your clear educational teachings. Keep em coming. And Thank You.
Raynor, excellent set of videos. I love the way you simplify things and explain both winning and losing trades. I am an experienced trader myself yet always look to learn from others and i can say i am learning from some of the things you mention. Anyone new to trading i would seriously advise you take a look at raynors other videos and you will start from a solid base.