SniperForexTrader

Hello Traders,

It’s been very exciting my last weeks in the trading field, I’ve tested trading in a couple of time frames more specificaly 5min and 4 hrs charts.

Definetely 4 hrs fits better my schedule and the amount of pips I Iike to gain.
However I still have one big problem and it is that I take profits too soon causing that my losses are bigger than my gains even if I win more often than I loose ex:

1 trade +80 pips
2 trade +50 pips
3 trade +20 pips
4 trade -90 pips
5 trade -80 pips (and at this point I am done, I have to start again!)

I know this should be fixed at a psychological level, controling emotions and applying some additional strategies such as “trailing stops” which I start using.

I received an invitation to join a new program developed by Seth Gregory who works in conjunction with Peter Bain at forexmentor.com regarding the psychology of the trader.

You might be interested in joining him at: https://www.forexactivetrader.com/public/Building_a_Traders_Mindset.cfm

The cost to join that 12 weeks program is $500 usd which I consider a very good price if we compare it with what Norman Hallet offers at :

http://www.thedisciplinedtrader.com

Hallet’s program has a cost of $1200 usd and it seems that is backed by Steve Nison.

Don’t know you but for now I think all the knolwledge to control my emotions is already in me and I just have to apply it for real!.

The second part of the equation is MONEY MANAGEMENT/RISK MANAGEMENT, when I apply these two before taking a trade miraculously I feel calm and confident…however I have to accept that I have problems letting a trade open for more than 1 or 2 days even if I apply Trailing stops, I’got to work on that,

Cheers for now folks!

Max Ramirez

PS If you have a comment send an email to sniper@sniperforextrader.com