- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
Do you make a living trading small timeframes? 58 replies
Living in China, trading for a living 18 replies
Can Americans living abroad open accounts with non-US brokers? 11 replies
How can I make a living trading forex? 25 replies
Reality check - do small FX accounts inevitably stay small? 14 replies
DislikedNot looking too good here, but not quiting yet.
£110 - £390 in no time kinda proves the theory, but the £390 back to £50 kinda points how it's tricky to do consistently.
Attempt 42 starting later this week!!Ignored
DislikedA combination, of :-
Over Confidence.
Greed.
Stupidity.
Lack of Sleep.Ignored
Disliked[color=black][font=Verdana]Good morning,
There seems to be a certain obsession circulating in the trading community about the importance of the illusive percentages regarding winning and losing traders.
Like in any other profession, I believe the the level of pay rises with the level of professionality and all attributes that go alongside with it.
It seems that some traders use the numbers in a psychological manner as an excuse when they are failing, others might pat themselves on the back when they are winning for the same reason (although...Ignored
Dislikedsorry, maybe it my bad English but i can't understand your point.
in trading or your signal give enoguh profit to cover the losers when it goes wrong or you have a super ultra winrate that almost every trade makes money.
if you don't bother in lost 40 pips in a losing trade even if in the good trades you make only 2 pips, it is because for any reason you have almost 100% winning rate. I don't know if you have.Ignored
Dislikedhello h.rearden, there's not been a update from u 4 a long time. what r u busy with??Ignored
DislikedHi,
I had no questions directed at myself, and the main thread was more or less completed; so I only check sporadically.
H. ReardenIgnored
DislikedI think the number is completely irrelevant - how many medicine students become good or excellent doctors? And should the percentage (if against you) discourage or encourage you to pursue that specific career?
If you learn a profession, the only aspects that matter are the ones which enable you to complete the task - not the percentages that tell you how many might make it or how many might fail.
You don't choose your profession based on those percentages.
H. ReardenIgnored
DislikedThis question has a straightforward answer. A small account, if traded properly, can become an big account from which you can then live. The small trader should not be looking to live off his or her profits until they can be withdrawn without adversely affecting the continued compounding of the account. This means defining, in advance, a capital target at which withdrawals will commence. This target will differ for every trader depending on his or her expenses and lifestyle choices.
So. How do we get there? Let's dispel some myths.
1. Undercapitalization....Ignored
I know, this are success stories that many of us dream of. And it's not 100% related to the topic on if one can make a living with a small account - Tony Oz is approaching a similar strategy in his book. He withdraws all his profits at the end of each week, starting with the same amount of money each week.
What I wanted to show is, even with small accounts you can make a living by trading. Start small, learn the rules of the market and stay focused.