ITB - Seeing Orderliness amongst 'Randomness'
Profitable consistency. 18 replies
Is $10K -> $1M in 4 years impressive? ( My First EA ) 21 replies
Price of consistency 4 replies
GuppyMax 10K%+ In 15 Years 123 replies
How to evaluate consistency? 21 replies
Disliked{quote} This is not the way to think. Just focus on making good trades and let the numbers take care of themselves. If you focus on money targets you will force trades when you should stay out and stop trading when you have a good edge just because you hit a target.Ignored
Dislikedhave you not been trading a while? seems like it from your analysis... what is your average % a week/month?Ignored
DislikedNow I am ready to give it a serious last shot. I will be starting with 3000 cad in forex. Intend to start a journal here to so I can maintain an online record or log book.
To sum it up, yes it's possible, but the finish line is likely to be deserted or very lonely at the least. But then, unless we try it, how would we ever know. Take care and wish all a highly disciplined trading year ahead.Ignored
Disliked{quote} greed and fear. the usual stuff that newbies normally go through for 3 years or so. that's the problem with winning at the beginning. we thought that it's easy money and ended up trading bigger lots, not knowing that all along it happened that we were riding the trend. we were being sucked in without our knowing. then market ranged most of the time, because of bigger lots we lose it all in double triple quick time just because market moved 200 300 pips against us. at times, it could be a one day move. became fearful in placing trades and...Ignored
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anyway, look forward to your story and know that people will be happy for your success. Good luck and Merry Christmas!Ignored
Disliked{quote} Look forward to your fruitful year ahead! I see you are knowledgable and have the sense to trade successfully. Yes fear and greed is biggest issue. I think if you are going for an aggressive growth goal and write a journal with it, you may feel pressure to achieve and/or influenced by others’ comments. It is good we are in the more wealthy part of the world so $10K should be something really spare and stress-free to lose, maybe from a full time job or what you have earned in trading. if you feel clinched on the numbers and win/loss much,...Ignored
Disliked{quote} many talk it about the fear and greed that causes the loss of trading. but my god, if you have a tested and working system then it dictates the rules as well. so there is no fear ........Ignored
Disliked{quote} yes only if the SLTP are predefined and the trade is set and forget type. try to trail a stop, you will know what fear is in a winning tradeIgnored
Disliked{quote} I see that you are a very experienced trader or have had many, many years behind you. LOL.Ignored
DislikedIs there anywhere in FF that show someone had done the above or something like that? Consistency can be 1% day, 5% week or 20% month return.Ignored
Disliked{quote} All that compound interest (1% day = 1m in a year/two) works only in your excel spreadsheet. In reality you will withdraw some, you will lose someday etc. Also you can check Trades section here on FF. And you will see that top traders have no threads/answers. Why? Because they have found their golden edge and have no time for all that stuff.Ignored