Trade what you see, not what you think.
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DislikedHAHA, Yes I think so. He is full of it, and I dont mean skills. Check his other posts, straight up silly. Id eat my hat if there were a live statement accompanying some of it.Ignored
DislikedWe have discussed this before. If you have a $1 million account and you trade 1 standard lot at a time you never have to lose a trade. If you have a $100k account and trade 1 mini lot you never have to lose a trade. If you have a $10k and trade 1 micro lot at a time you never have to lose a trade. Unless you plan on being drawn down tens of thousands of pips without winning ... this can be done. Sure the % profit in the end may be less than what other people who only win 70% gain ... but it is a way to remain in the game for as long as you want. He has said before that he will trade 40 years from now ... if he trades like this he certainly will.
I dont know if he trade like this with the ratios and such, that is just a way you can trade.Ignored
DislikedOh come on now. The object in trading is to make money. Not avoid at all costs having a losing trade or two. As one author pointed out in Baseball a hitter can have a .300 batting average (or 3 hits per 10 at bats) and get paid $millions.
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And for the spelling-impaired it is LOSING. There is no double OO in losing, in lose or loss. Does no good, I am sure there will be more posts right in this subject with the word spelled the double way.
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DislikedSuntrader,
I have to say you could be wrong. If you are down 20 pips and close out, it's called losing. If you are down 250 pips, and hanging on, waiting for it to break even, you are loosing. lol. The double O is for effect.
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DislikedOh come on now. The object in trading is to make money. Not avoid at all costs having a losing trade or two. As one author pointed out in Baseball a hitter can have a .300 batting average (or 3 hits per 10 at bats) and get paid $millions.
+ + +
And for the spelling-impaired it is LOSING. There is no double OO in losing, in lose or loss. Does no good, I am sure there will be more posts right in this subject with the word spelled the double way.
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DislikedHAHA, Yes I think so. He is full of it, and I dont mean skills. Check his other posts, straight up silly. Id eat my hat if there were a live statement accompanying some of it.Ignored
DislikedWe have discussed this before. If you have a $1 million account and you trade 1 standard lot at a time you never have to lose a trade. If you have a $100k account and trade 1 mini lot you never have to lose a trade. If you have a $10k and trade 1 micro lot at a time you never have to lose a trade. Unless you plan on being drawn down tens of thousands of pips without winning ... this can be done. Sure the % profit in the end may be less than what other people who only win 70% gain ... but it is a way to remain in the game for as long as you want. He has said before that he will trade 40 years from now ... if he trades like this he certainly will.
I dont know if he trade like this with the ratios and such, that is just a way you can trade.Ignored
DislikedIf a person only end his trade after it's in the profit, he may not lose a trade but he may pay for the interest until his trade turns into profit.
I just can't imagine what he would be thinking if he short GBP/JPY in year 2000. 9000+ pips down, paying tons in interest and only god knows when the trade will turn positive.Ignored
DislikedWell, I don't mind it when I see people disagree with another persons approach, though I do find it a bit annoying when I see people saying that things CANT be done. I think a good 70% trader will end up at the same place as a trader that wins 100%, perhaps even better. Though, I suppose this also depends. While the main trend is alive, the person that doesn't set SLs will certainly do better because he will never have that loss, though when the major reversal comes and there is -4000 pip float or something of the sort, the 70% trader will pull ahead more likely than not. Back to the belief that people are full of it when they say they don't lose, they aren't for certain. Technically, if a trader is down even 5000 pips on a position, so long as he doesn't close it isn't a loss. So why do people argue with the idea that one doesn't lose? That person though he has a 5000 pip drawdown on a trade may have matched or exceeded that with other trades in the trend direction.
I do think people that lose too often or fear losing more than anything should take notice. Trade with the trend and trade within the realm of possible losses you will face. If you only have $1,500, trade .05c/pip. There is no shame in doing that. Don't try and use that $1,500 to scalp and turn it into $100,000 in 3 years ... you will fail if you try to do that.Ignored
DislikedIf a person only end his trade after it's in the profit, he may not lose a trade but he may pay for the interest until his trade turns into profit.
I just can't imagine what he would be thinking if he short GBP/JPY in year 2000. 9000+ pips down, paying tons in interest and only god knows when the trade will turn positive.Ignored
Disliked
And there are plenty of examples where the market has NEVER come back to a certain point. .Ignored