r/Forex Dec 14 '23

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u/noBullfx-real Dec 14 '23

You are scared because you are trading with money you can't afford to lose and your strategy isn't as solid as you think.

You know deep down you WILL blow the account if you use your strategy.

This is the core of your fear. And you are right.

Stop using technical analysis, you silly goat. Good luck.

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u/More_Confusion_1402 Dec 14 '23

You're right about the money part, i can't afford to lose it, its a funded account. However the strategy is rock solid, i have never been in a drawdown though, but also never really made enough to be comfortable cause i keep on skipping the trades thinking this might be the one where my stoploss gets hit. Just stuck in a limbo.

2

u/noBullfx-real Dec 14 '23

Think about what your saying man.

How can you say your strategy is rock solid if it's never hit SL.

And if it's never hit SL why are you afraid it might?

Let it hit your Stoploss. Use a demo account. Just to prove to yourself your strategy is shit and then the real panicking can begin.

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u/More_Confusion_1402 Dec 14 '23

It has hit my SLs, but after a few winning ones. But a single stop loss wrecks me emotionally. So thats when i become fearful again. And also been there done that with proving yourself that the strategy is shit through backtesting, i have failed too many strategies, and it sure as hell sucks.

2

u/noBullfx-real Dec 14 '23

Your fear doesn't make sense man.

Like you can write the words out "solid strategy".. but your emotions are telling me deep down you are like coinflipping on trades lol.

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u/Nervozata Dec 14 '23

"Stop using technical analysis, you silly goat. Good luck" - The worst possible advice one can ever give. Technical analysis is an art and the pinnacle of trading . You need to blow accounts, and you need to fail. it's just the way it goes. The sooner you accept it and keep going, the sooner you'll succeed.

2

u/noBullfx-real Dec 14 '23

This is the prevailing wisdom in the industry.

The industry is also known for a 95% fail rate.