Using Ninja Trader To Verify An FXCM Losing Trade

The other day I took an afternoon trade (Asian market) that quickly hit my stop, then reversed in the direction I thought the market was going. I was so angry because it seemed that my dealer, FXCM, had purposely stop hunted my trade.

I never should have been in the trade because of the announcement that was released during the trade. I forgot to check the afternoon announcements.

Although I shouldn't have been in the trade (because of the announcement), I couldn't believe price hit my stop without going farther, then went in the direction I picked based on my trading style.

So I decided to reply the trade using NinjaTrader. (See my article on practicing with NinjaTrader.) I'm glad I did, because it gave me more confidence in my broker, FXCM. When replaying the trade, NinjaTrader's data feed did exactly what my trade did with FXCM. Price hit my stop level, triggered my stop, then went the direction I thought the market would go.

I'm not happy I lost pips and profit, but I am more confident in talking trades with FXCM.

Trading Part Time Can Lead To Failure

I am convinced, based on my method of trading, that to be successful I need to trade full-time.

The other day I started out with a losing trade but ended the day with some positive trades.

Today, after a week and a half of trading well, (some wins and loses) I had a losing day. The day wasn't any different than the day mentioned above, except I had a loss from the start, then entered another trade too late because I hesitated. That trade turned into a loss also. After the second loss, I had to quit trading and go to my day job.

The two scenarios were the same with one exception, I had time later on in the day (had the day off) to make the money back. In other words, trading part-time is very difficult. Trading is a full-time endeavor.

Maybe that's why so many people fail at trading.