Disliked{quote} I bet you don't even have 1k on the end of the day - have any of you guys succeed with this method? and by succeed I don't mean changing 4$ into 40$, I mean changing for example 50$ into 50k. I tried similar method on silver - 1-2 trades will work, but luck won't last forever. my entry method is good once I have an s/l, but without s/l you are like mine sweeper - 1 mistake means deathIgnored
30k profits...
no point in hiding it because its not impressive.
im still young but i know ill make good money by the time im 30 years old (7 years)
the only reason i havent so far is because ive been too afraid to scale up.
but now that i am scaling up i see incredible progress.
most great wall street traders will tell you this... when you are HOT, when you are WINNING, bet MORE!
trading isn't luck. if you think that, you will never be a winner.
where in this thread does it say we dont use a stop loss?
i bought gold the other day at 1257 with stop loss 1254. i cleared some profits at 1300 and the rest i'm letting run for a possible huge move higher.
i bought silver at 20.65 with stop loss 20.55 and stop loss 20.35. stop of 20.55 was hit but 20.35 is well into the money
is that luck to know that, strong spikes into support are usually a signal for reversal? is it luck that i know how to read a stochastic and rsi, and i understand how the big money uses them?
currency trading is mostly about patterns and human behavior.
stock trading is more fundamental based. but the very liquid stocks (100 billion+) also have similar patterns
this is my opinion after 3 years of stock trading and 2 years of currency trading
Be hopeful in a winning position, and fearful in a losing position.