Hi everyone, maybe some of you can shed some light. I see some of you have been sharing knowledge on this forum so i appreciate it as i also been making use of that knowledge.
I have been trading for 4 years, first 2 years it was on a demo account. I did ok but after 2 years i decided to put my own money. I deposited 2k and in the first year i doubled it, but i think it was pure luck. The second year i lost what i doubled and half of my initial investment... So here i am with my last 1k :').
I dont know exactly what im doing wrong, i normally look at the trend and have 5 different indicators. My normal rule is that at least 3 indicators have to agree on whether i sell or buy. If this is true, i enter the market. I then use the ATR to find my safe TP and SL. This worked when i doubled my money but now it seems like it just doesnt do the job. Another issue i have is that i put all my money on 1 trade, and ive seen people split their money and enter the market at different levels. But then the returns seem so insignificant.
Can anyone give some guidance?
I have been trading for 4 years, first 2 years it was on a demo account. I did ok but after 2 years i decided to put my own money. I deposited 2k and in the first year i doubled it, but i think it was pure luck. The second year i lost what i doubled and half of my initial investment... So here i am with my last 1k :').
I dont know exactly what im doing wrong, i normally look at the trend and have 5 different indicators. My normal rule is that at least 3 indicators have to agree on whether i sell or buy. If this is true, i enter the market. I then use the ATR to find my safe TP and SL. This worked when i doubled my money but now it seems like it just doesnt do the job. Another issue i have is that i put all my money on 1 trade, and ive seen people split their money and enter the market at different levels. But then the returns seem so insignificant.
Can anyone give some guidance?
1
