I'll start by saying God is so good. He just is. I have been through the wringer lately, and He's been so wonderful. There is a verse in the Bible, Exodus 14:14 that summarized says "He will fight for you, be still". This is so good. I know I have an advocate; that advocate is King, and He is not only King, but He is also God! It just doesn't get any better than God.
All that being said, I was trading today, as I do every day, on my Oanda demo account. I have been training, losing, and winning a few, and I'm a bit overwhelmed, but it's nothing I can't handle. I have been in the deep end before. I have been in places I had no clue where I was or who might come out of the woodwork to find me. In every case, I have taken God with me, and when I am finally still and trusting Him, He can and will provide for me. He did it again today.
In Oanda and TradingView, I took a trade I flat-out knew would be great, but it wasn't, and I lost. OK, I get it. So I entered a 2nd trade to break even, not to win the day, but to reset my funds to where they were. I saw on the chart that I won. I was happy about it, then I looked at the order and realized I'd actually lost. How could that happen? I saw the chart! The green candles went right through the helpful little drawing that keeps you informed, and I won! Why would the computer say otherwise, and why would my account suddenly drop when it should have replaced what I had lost earlier? It made no sense.
Speaking to Chat (Gemini) I found out that the Paper Trading function of TradingView, not the live version, but the demo version, will sometimes glitch like that. Oh, OK! No, it's not OK; I wanted my money back! I found out how to reset the fields, and I did. Instead of just replacing the money I had lost, I decided to reset it completely and start over tomorrow with my new edge: the knowledge I gained today. I feel so much better. Trading is not relaxing. It is stressful, and it takes a lot of mental work -- 90% mental, and the rest is price!
So, here I am...learning. In the trading industry, the saying goes: you never lose; you either earn or learn. It's expensive, but it's true: every time you lose a trade, you should find out why and learn from the mistakes, or from the path price decided to take. You simply cannot predict it. I like to put little drawing boxes on every possible pair to see whether my thoughts or predictions would have panned out. I take only one trade a day unless I lose; then I try to make that trade up, but I don't try a 3rd trade that day. I walk away. Today, I predicted 10 pairs without trading on them and was right 7 out of 10 times. That's amazing.
The drawing boxes can be green on top and red on the bottom for a long trade (buy), or they can be reversed for a short trade (sell). You drag little dots to where you want the target to take profit and where you want the stop loss to stop you if you were wrong about the trade. That way, you don't lose everything; it is controlled. I drew the box out and opened a ticket. I opened a Market ticket, which activates the trade the nanosecond that you hit the buy or sell button. You have time to set up the trade when you open it. I have mine set up so that when I drag the little dots around, it automatically registers inside the trade order box.
Today, I did exactly that. I opened the trade order, I set it for 1% risk. That means I'm risking 1% of my entire account. I set the stop and take profit levels, in that order, and double-checked everything to make sure it was correct. There are a few other little things you need to do, but I did them. The blog is about the system screwing me over. Then, after running the trade as a demo with the same data used in the live trades, I won when the candlesticks peaked through the top of my green box! I won! Except the system showed my trade had been canceled.
I couldn't find where it stopped, even though the system said it did. I opened the trade order and saw that it had somehow entered a % of price for the perimeter of the field instead of price. I had not touched it. It had an internal glitch. I was furious! But Chat says it only happens in demo mode and won't happen to me in live mode. It couldn't. Can you imagine the chaos it would cause worldwide? OMG, you talk about wars! More than $9T (with a T) runs through Forex daily. If the systems failed -- damn!
I am fine now. I have made back the money I lost this morning on an early trade. I am now trading very early to catch the transition trade trends from when the London Market is running and the New York Market is opening. Lots of trading, lots of back and forth, and if you know what to look for, you can win -- or lose. You can't really control it, but if I'd sat and watched instead of taking a 15-20 minute break like I did, I would have at least closed out with my $400 a day goal. Instead, I let it ride and had a stop-loss in place. I only lost $820, and I made that up immediately by entering another trade on a lower time frame and winning. It's riskier -- yes, but I worked out.
Since I could start the game over, I did. I will wake up early tomorrow, trade and wait, but I will watch it and not take the break I did. I can wait 30-45 minutes. It just takes me a good slap to figure things out, but thankfully, I did. Let the games continue. I took off the red star and replaced it with a silver star in my calendar, as today was definitely a break-even day. I'll explain.
I have little foil stars that I put on my calendar each day for when I win, lose, tie, or can't trade for some reason. Green is good, but Gold is better. Gold means I entered one trade and won. Green means I entered trades and won overall. Red, of course, means I lost, and blue means there was no trade to be had. Silver is a break-even star. Today was a break-even day. My goal is to win 55-60% of the trades I make, and I can't know my ratio until I do at least 100 or more. It will happen, and I will get better and better, I'm sure. I just have to decide I can do this and, of course, take God with me when I do.
Photo Credit: Goodwill Commodities







