6/11 (Tue) Early trade failure story
This is Double-i-e from the EA developers in Reiwa era.
Double-i-e in the Reiwa era:
It wasn’t a case that I became Double-i-e from the very beginning,
before becoming Double-i-e,
I made a lot of mistakes in trading...
Today I think I’ll talk about those failures.
In rough terms,
I over-leveraged, disregarding risk,
in other words, with each trade,
I didn’t think about “what if I lose,”
I was only focused on profits,
that’s how it felt.
With EA trading,
I compute the lot sizes,
for discretionary trading, ideally,
one should consider risk-reward each time,
set a stop-loss level so that losses are within a certain percentage of funds,
determine the lot size accordingly,
these calculations are necessary,
but I often get carried away and
end up taking on too many positions,
even if the direction I took was correct,
I’d go broke financially before that could work out,
which happened all too often.
Then,
when a real opportunity came,
my funds had already dwindled,
and even if I made money, it was only a little...
this was a common occurrence.
When things were going well,
I placed as high as 10th in a national trading contest,
but when my mental state faltered, progress wasn’t good,
or after attaining good results I became elated,
my confidence grew too much and I failed,
and I thought, “This discretionary trading is tough to continue…”
So I decided to automate my method, i.e., study EA.
Therefore,
I have great respect for people who win consistently with discretionary trading.
If I were to compare it to sports,
they are top athletes all along.
I, on the other hand, am an observer of an EA as a trader who created the “player” (myself),
(I made the player, after all)
like a coach or supervisor watching over them.
Especially with sprinting, or people who can make huge profits in a short period, I have acquaintances who do that,
they are truly amazing.
Well,
everyone has their strengths and weaknesses,
you should establish a trading method that suits you.
However,
with EA, you can call it a “player” but it is a robot,
as long as you master how to handle it, you’re fine.
In short,
even for discretionary traders,
you can run an EA robot alongside it,
in other words, a “hybrid operation” is possible.
If you establish how to select an EA and manage risk,
then all that remains is the implementation setup.
You might find that, once you try it,
you’ll think, “I should have done this earlier!”
That could happen.
Well then!
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[Reiwa Double-i-e EA Product List]
https://www.gogojungle.co.jp/users/112481/products
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[Reiwa Double-i-e Serialized Articles]
■ EA Beginner's Course
https://www.gogojungle.co.jp/finance/navi/series/1700
■ No Bias! GoGotoJungle Issue Discussion!
https://www.gogojungle.co.jp/finance/navi/series/1701
■ Double-i-e FX Musings
https://www.gogojungle.co.jp/finance/navi/series/610
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[Reiwa Double-i-e’s Beliefs]
Develop EAs using solid, proper methods,
and serve more people with your work,
to maintain a long-lasting WIN-WIN relationship,
aim to invigorate the EA market and raise literacy.
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