The single most important factor is having control of your own life.
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DislikedThe one reason that trumps all other reasons why traders lose is... .... persistently trading in the wrong direction.Ignored
DislikedI'd ask you guys do you know a person in your life that does not have self destructive behaviour in some way? Cigarettes, alcohol, too much sugar, fatty foods...?Ignored
DislikedI'd ask you guys do you know a person in your life that does not have self destructive behaviour in some way? Cigarettes, alcohol, too much sugar, fatty foods...?Ignored
Dislikedyes that is the main reason I think for no long term success. "The single most important factor is having control of your own life." -do you have it?Ignored
DislikedVolatility is also one thing that is never discussed. How can any system,method,approach or mindset could treat market similarly every hour/day/week/month/year when we know that volatility is changing. There are days when market moves 80 pips and some days it moves 200 pips and its same on every time frame there is, but you will never come across a trading strategy of any kind who's rules factor this volatility in. Size of stops and targets are always constant.Ignored
Dislikedyes that is the main reason I think for no long term success. "The single most important factor is having control of your own life." -do you have it?Ignored
Disliked{quote} I did came across and use such a strategy now... {quote} And this is bullshit, sirIgnored
Disliked{quote} I could have only argue your points if you show me the strategy (incase its posted on online) or how it factors in volatility and dont bother if its some ATR indi. Again i dont know how to answer to second point because you did not offer a valid counter argument.Ignored
DislikedStop Loss for shorts goes above the previous swing high, and for longs, below the previous swing low.RJ {image}Ignored
DislikedP.S: to every one else when i say i never came across it means "I never came across" (was't system hoping like most of the noobs) and not talking for everyone else so please dont get offended. .Ignored
Dislikedyou will never come across a trading strategy of any kind who's rules factor this volatility in.Ignored
Disliked{quote} Here we go: http://www.forexfactory.com/showthread.php?t=373796 {quote} Volatility high - SL as you can guess is wider and otherwise... {quote} Yep for me too, though you wrote {quote} And I did came across, others will find also if they wanna...Ignored
Disliked{quote} So using SR for stops/exits/tp's is how you suggest the volatility phenomenon is factored into a trading system? One day price choke's and die when it hits the next closest SR point and next day blew pass through 2-3 SR points in in a breath. Just using SR blindly does't not factor volatility in automatically. Again if you're gonna direct me to a system thread which have a "rule" for countering volatility, think again... is it even possible to do that in a single line? .Ignored
Disliked{quote} Let's say that you may put anything to the extreme of course... I would say, however, that it's like a strategy that's giving some edge though can't predict market [no one can] - so you got winners as well as losses. Same is here. Anyway, this: {quote} can't be true! As size of stops, let alone targets, is constant only in a very narrow spectrum of strategies...Ignored