Before Forex I was tall, and clean shaven. Now I am an Ewok.
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- england33 Joined Oct 2008 | 2,694 Posts | Status: This is my real picture after Forex
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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- england33 Joined Oct 2008 | 2,694 Posts | Status: This is my real picture after Forex
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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- taomql4 Joined Dec 2008 | 2,385 Posts | Status: Resident Psychiatrist!!!
"If you wanna hear God laugh, tell Him your plans."
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- england33 Joined Oct 2008 | 2,694 Posts | Status: This is my real picture after Forex
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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- england33 Joined Oct 2008 | 2,694 Posts | Status: This is my real picture after Forex
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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- england33 Joined Oct 2008 | 2,694 Posts | Status: This is my real picture after Forex
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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- matheszabi Joined Sep 2009 | 411 Posts | Status: Member
Instead of books I am reading posts in week-end. You can say some posts are trash and doesn't worth, but some books are too 
When I read this post:
It was a thunder at my head instantly!
Countless lessons are teaching don't take trade just with 1:3 minimum risk ( aka 100 pip SL, 300 pip TP or 10-30) and this is why need to be patient.
Idk how is your trades, but if I wait for almost perfect setup and if I am getting in aggressively, that is -10% or +30% for my account at least I can't imagine how to be aggressive with +10%, whatever.
Another, I think I read it in a book, or article: a forex trader made yearly +40% and went to somebody else for consulting. I remember the story for the super-uber low yearly return number in forex. The trader told: he waited several months for a setup, and when it was there, than he was stopped out. After that the price went in his predicted direction, but he was out already. This story can be very similar with automobile producers. One ( in England) makes all thinks by hand and targeting and selling a very few amount / year and the other one ( in Germany) selling for mass, so yearly a lot. If you miss 1 car selling at Wolkswagen isn't the same impact as missing a Bentley selling.
IMHO: if you wait a lot for the setup, and you miss, or will be stopped out, than that is a huge loss. Loss of the potentially earn money ( in lower timeframe).
When I read this post:
My 1st goal is to have a 10% return. I have set no time limit on this.
My trading strategy is to be very patient for prime set ups and then go in very aggressively. This works pretty good for me but I did take a very big loss doing this as well.
Countless lessons are teaching don't take trade just with 1:3 minimum risk ( aka 100 pip SL, 300 pip TP or 10-30) and this is why need to be patient.
Idk how is your trades, but if I wait for almost perfect setup and if I am getting in aggressively, that is -10% or +30% for my account at least
I can't imagine how to be aggressive with +10%, whatever.Another, I think I read it in a book, or article: a forex trader made yearly +40% and went to somebody else for consulting. I remember the story for the super-uber low yearly return number in forex. The trader told: he waited several months for a setup, and when it was there, than he was stopped out. After that the price went in his predicted direction, but he was out already. This story can be very similar with automobile producers. One ( in England) makes all thinks by hand and targeting and selling a very few amount / year and the other one ( in Germany) selling for mass, so yearly a lot. If you miss 1 car selling at Wolkswagen isn't the same impact as missing a Bentley selling.
IMHO: if you wait a lot for the setup, and you miss, or will be stopped out, than that is a huge loss. Loss of the potentially earn money ( in lower timeframe).
Rob and run
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