Disliked{quote} some ppl seem to forget that drawdown is a part of tradingIgnored
You cannot be extraordinary by being normal
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Why your broker is your friend and your enemy 4 replies
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Lessons you learn only when you blow up your account. 7 replies
Disliked{quote} some ppl seem to forget that drawdown is a part of tradingIgnored
Disliked{quote} Sure, but once you get good at trading, draw down rarely happens. But, I suppose that depends if your design is built to restrict it. Some people just take both sides of a trade at once and then wait to see which one has more strength, lol, so they don't care about draw down. If it should happen to me, which is rare, I can usually tell if it is a head fake or a real reverse. My design seeks out the sweet spots, so I rarely see any draw down. I don't trade like the 95%, lol. I use the equilibrium of the market and trade the apexes, not lines...Ignored
Disliked{quote} I trade intraday technical analysis and exit the market for fundamentals. We have different strategies, so different tolerances and allowances on price. Each of us has to trade according to our skill and desires. I have no interest in trying to guess fundamental data so on my SWOT it is a weakness, so I simply do not bother with it. I am very good however, at creating regression curves and trading against them. I see your point of not wanting to risk much money if you are doing buy and hold until it turns into profit. It is not my style...Ignored
Disliked{quote} I used to be manpower problem solver and for almost every client I was asked to do an historical analysis of how the current situation was created. I thought it was absolutely stupid. Why did it matter? What is your problem today, and how I can fix it?? Wasting time digging through historical files so I could make a one sentence statement about something that happened 5 years ago was just ridiculous, so I refused to do it. That is probably how I arrived at my conclusion concerning fundamentals. I have no access to the data driving them until...Ignored
Disliked{quote} I trade intraday technical analysis and exit the market for fundamentals. We have different strategies, so different tolerances and allowances on price. Each of us has to trade according to our skill and desires. I have no interest in trying to guess fundamental data so on my SWOT it is a weakness, so I simply do not bother with it. I am very good however, at creating regression curves and trading against them. I see your point of not wanting to risk much money if you are doing buy and hold until it turns into profit. It is not my style...Ignored
DislikedPlease use this image below to know that the aim of forex is to last forever and not in the short term. {image}Ignored
Disliked{quote} Lol to last forever doing what ? Losing some or making some? in and out quick is the name of the game.Ignored
DislikedIf you have micro account, using 1-2% would make account to remain around the level where it starteduntil it blows away. It would never grow. Learn to increase lot from the profits of the closed positionsIgnored
DislikedIt's easy to be vigilant against risk when your psychology is proper. It's only numbers. The failing is in our psychology; that which a lower percentage buffers against. I risk 25% to 45%. I stop trading when I lose. When I lose, it's me not the market. Only a very small percentage of my trade failure has anything to do with the market. It's important for me to stop when I lose. It's important to limit the time spent trading. It's important to limit the number of trades. It's important to just go do life, forget the market, stop thinking and enjoy...Ignored
Disliked{quote} I've only met 2 who didn't disagree, but they also know me pretty well. I'm able to do it because 1) I don't give a &*(! about money and 2) I love to trade. The most arguments I get are about *I don't give a &*(! about money*, because FX to most is solely about money. I don't care, but must have it. So, I was like WTF? I want a lot of it then so it will shut everyone up. Just watch. Argument in... 3 .... 2 .... 1 ... edit: cleaned upIgnored
Disliked"for example ecb minutes etc because the volatility is very direct/quick and predictable".... I used to think that, once upon a time.Ignored
DislikedHi Everyone, One thing I dislike is seeing traders lose money because unfortunately it does not grow on trees. I saved this image of a trader I use to look up to about 4-5 months back to know that trading 1-2% on manual trades is essential to survive (I trade big sizes on risk events for example ecb minutes etc because the volatility is very direct/quick and predictable). Please use this image below to know that the aim of forex is to last forever and not in the short term. I would be interested to know your views on how you...Ignored