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Muhammad Syamil Bin Abdullah
Happy Monday. Hot mom wheels her baby in a stroller.
· 9
Zahidul Islam
2014.08.11
mama jotil mal...
Roman Smirnov
2014.08.11
Это где так гуляют в парках? да еще в полуголой?))
Imtiaz Ahmed
2014.08.11
is this Paz Vega???
Muhammad Syamil Bin Abdullah
Sergey Golubev
AUDUSD Technical Analysis 2014, 10.08 - 17.08: Ranging Bearish
D1 price is on ranging market condition within primary bearish. W1 price is located inside Ichimoku cloud above Sinkou Span A line which is indicating the secondary ranging correction within primary bullish. H4 price is ranging between 0.9238 support
· 2
Muhammad Syamil Bin Abdullah
Floating Island, Colomitos Beach, Mexico. Makes me want to pack my bag and go visit there!
· 18
Show all comments (4)
Muhammad Syamil Bin Abdullah
The Greatest Trading Loss
What is the greatest risk you face in trading?Is it loss of money?
Certainly, that's what most traders believe. I tend to disagree though. In my opinion we have something much greater at risk, that very few of us consider during the 'learning phase'. The American political journalist and author, Norman Cousins, is quoted as saying, 'Death is not the greatest loss in life. The greatest loss is what dies inside us while we live.'
Along similar lines, I would argue that loss of capital is not the greatest loss in trading. The greatest loss is what we lose from within. Loss of funds is recoverable. Losses of self-esteem, self-belief, or passion for the process of trading, are not so easy to recover. So, think about that next time you feel tempted to widen your stop, or remove your stop. Think about it before you enter your next impulsive, emotion based trade. Think about it if you’re trading without a clearly defined trading plan.
If you suffer financial losses at these times, how will it affect your mindset? Will the losses that result from your amateur and undisciplined actions allow you to move forward to the next trade with greater confidence, or will they feed the forces of frustration, anger, depression and fear, further damaging your chances at consistent, confident and disciplined application of your trading plan.
Drawdown in your psychological capital is much harder to recover, than is drawdown in your equity balance.
So, manage your risk! Not so much to protect your finances, but in order to protect your much more valuable psychological capital.
Your whole trading future depends on it.
What is the greatest risk you face in trading?Is it loss of money?
Certainly, that's what most traders believe. I tend to disagree though. In my opinion we have something much greater at risk, that very few of us consider during the 'learning phase'. The American political journalist and author, Norman Cousins, is quoted as saying, 'Death is not the greatest loss in life. The greatest loss is what dies inside us while we live.'
Along similar lines, I would argue that loss of capital is not the greatest loss in trading. The greatest loss is what we lose from within. Loss of funds is recoverable. Losses of self-esteem, self-belief, or passion for the process of trading, are not so easy to recover. So, think about that next time you feel tempted to widen your stop, or remove your stop. Think about it before you enter your next impulsive, emotion based trade. Think about it if you’re trading without a clearly defined trading plan.
If you suffer financial losses at these times, how will it affect your mindset? Will the losses that result from your amateur and undisciplined actions allow you to move forward to the next trade with greater confidence, or will they feed the forces of frustration, anger, depression and fear, further damaging your chances at consistent, confident and disciplined application of your trading plan.
Drawdown in your psychological capital is much harder to recover, than is drawdown in your equity balance.
So, manage your risk! Not so much to protect your finances, but in order to protect your much more valuable psychological capital.
Your whole trading future depends on it.
· 5
Muhammad Syamil Bin Abdullah
Quote of the Day: "Experience is one thing you can't get for nothing." Oscar Wilde
"Oscar Fingal O'Flahertie Wills Wilde was an Irish writer and poet. After writing in different forms throughout the 1880s, he became one of London's most popular playwrights in the early 1890s."
"Oscar Fingal O'Flahertie Wills Wilde was an Irish writer and poet. After writing in different forms throughout the 1880s, he became one of London's most popular playwrights in the early 1890s."
· 5
Muhammad Syamil Bin Abdullah
LUX Maldives is located on the island of Dhidhoofinolhu, one of the biggest in the Maldives, only a short 25 minutes seaplane flight away from the capital Malé.
The resort provides the PADI diving centre and a range of water-sport activities and for those who prefer rest to recreation there is the luxurious LUX* Me spa with 11 garden and 4 over-water treatment villas, a steam room, an ice room and a beauty room; two swimming pools and an extensive choice of 7 restaurants and 6 bars, serving international, Japanese and Italian cuisine.
The resort provides the PADI diving centre and a range of water-sport activities and for those who prefer rest to recreation there is the luxurious LUX* Me spa with 11 garden and 4 over-water treatment villas, a steam room, an ice room and a beauty room; two swimming pools and an extensive choice of 7 restaurants and 6 bars, serving international, Japanese and Italian cuisine.
· 7
[Deleted]
2014.08.04
Wonderful
Muhammad Syamil Bin Abdullah
To all muslim friends of MQL5 community, wishing you all Selamat Hari Raya Aidilfitri, maaf zahir dan batin.
· 6
