SPC * Swollen PocketZ Crew!
reasons why traders lose 425 replies
Real reason why 99% lose - daytrading 96 replies
The reason why 95% of new traders consistantly lose money 203 replies
Real Reasons why Retail Traders lose money 75 replies
5 Reasons Why Traders Lose 171 replies
DislikedI think it's " consistency" Consistency when it comes to: trading method, money management and mindset.Ignored
DislikedOf course this game is rigged. I think everybody knows that. The one reason why normal traders lose? I would say: they don't know what the big boys are doing and how they do it. Because there is absolute no real transparency. BTW: profitable scalping is possible.Ignored
DislikedMark Douglas does a good job of making the impossible sound possible and more importantly the market (in this case the retail forex market) appear controllable. "Just do this 20 times and the laws of probabilities will give you the casino edge"... sadly it's nonsense wrapped up in logical sounding pseudo science.Ignored
Disliked{quote} I couldn't agree with you more Shiften. Obviously we get the news after the fact.Ignored
Dislikedfrom any particular price value there are only 2 ways price can go : up or down.Ignored
DislikedWhy most of the traders lose was because they don't have a Trend Following System Strategies.Ignored
DislikedMark Douglas does a good job of making the impossible sound possible and more importantly the market (in this case the retail forex market) appear controllable. "Just do this 20 times and the laws of probabilities will give you the casino edge"... sadly it's nonsense wrapped up in logical sounding pseudo science.Ignored
DislikedI see where you met your "Waterloo" the market is not "controllable " and MD was in no way inferring that, if that is what you took away from his work you need to go back to it, listen to that video I posted. It's not just "logical sounding pseudo science" that make MD's work legitimate but results from countless traders who have been diligent enough to follow his recommendations (the 20 trades test has been validated in my experience). I bet you've allowed your hormones to interfere in your trading decision and screw up your results then like the...Ignored
Disliked{quote} I think maybe you should explore some of his other work and do not assume you're speaking to someone who is uninitiated, I've been in your shoes some time back, adamant his advice is sound but it's only through empirical evidence and a full understanding that the truth becomes apparent. For the record, I've read his book twice, listened to the audio book, watched the youtube videos and watched his DVD workshop (the best out of all his material) as posted here http://markdouglas.com/workshops.html (How To Think Like a Professional...Ignored
Disliked{quote} I think maybe you should explore some of his other work and do not assume you're speaking to someone who is uninitiated, I've been in your shoes some time back, adamant his advice is sound but it's only through empirical evidence and a full understanding that the truth becomes apparent. For the record, I've read his book twice, listened to the audio book, watched the youtube videos and watched his DVD workshop (the best out of all his material) as posted here http://markdouglas.com/workshops.html (How To Think Like a Professional...Ignored
Disliked{quote} You may have gone through the whole nine yards of reading and listening but what of the 10th yard of putting in the hard grinding work of actually executing your "proven methodology" with fanatic/religious devotion? No one will execute buy or sell for you, no one will place stops and manage your capital for you, we retail traders are all on our own and we can only deceive ourselves to our detriment when we fail to STICK to the plan. Someone said "... in trading you either have RESULTS OR EXCUSES" Which do you have my friend? forget the naysayers...Ignored