Will you be updating your MyFXBook profiles soon?
Can I make 40% per month consistently 193 replies
DislikedI haven't posted in a while.
Been busy fighting with the market and unfortunately I lost this battle, BUT the war is not over yet and you can take that to the bank.
Picking myself up and getting back to work.
. . . .
I'm going to target 2% daily or about 30% monthly.
Dislikeda good friend just sent this to me.
DislikedI couldn't even finish reading your thread robert without laughing my @*@# off .
This concept reminds me of my first 3months live back in 2006. Yep Lost 3k quickly and Honestly, the Picture/attachment was exactly how it played out.. Ok back to your thread..Ignored
Dislikedhope thats soon looking forward for next updateIgnored
DislikedNow that's my kind of number.
I did notice that spreads have widened and the market has become somewhat illiquid at times lately.
Most memorable event which caused this was the 10% drop on DJI, but also there was another moment on the Euro-scene which I think was when Fat-head Merkel banned naked short selling in Deutsche markets.
Tonight I see that the French Financial Minister has made an alternative attempt at upstaging her with claims that France's debt ratio may be too huge to carry, I wonder if he is already short the Euro.....!
DislikedHey I like what you are doing.......I tried to do the same.......it worked and I doubled 3 months in a row.......then disaster hit.......I am at the 6 months of trading ................and now I am only doubled once..............instead of 6 times as targeted...............
.....and when you can strike the homerun......Ignored
DislikedThat said doing 100% each and almost every month comes with a price of high stress and lots of time away from family and other things in life - price which I decided was not worth it in the long run.
I've done over 50% this month without even trying too hard so I'll probably do 100% every now and then when I have more time for trading.Ignored
DislikedNow lets get back to the 20 pip thing, that is actually something I've been fighting with myself about for a while now. I have tried to stick to a hard TP like that but my greed just gets in a way too often and I try to get more even though I noticed that most of my trades reach about 20-30 pips then reverses before returning again which is another reason I've been trying to stick to it. Its definitely getting better but like everything else will probably take few more lessons if you know what I mean.Ignored
DislikedI know exactly what you mean
I used to reach 40-70 pips in 3 hours and then give it all back in the next 3 hours of trading.
I always analyze my trades at the end of the week. To an extent, greed does play a role. From years of research, here's what I can conclude: It doesn't matter how greedy you can get... if it is done right, it will be right. One can trade with discipline and be greedy at the same time, if you have a proven system (let me get to this proven system in the end).
Here is an interesting story. Believe it or not, this is...Ignored
Dislikedthis i got to hear... can u explain more on this topic.... how can we know that the trade is going south... before it happens? is this have anything to do with having a proper placed stoplosses? how can we identify failed signals? please... we traders need to know this..Ignored
DislikedIt takes a lot of time, energy, hard work and sacrifices to capture the gold-laying goose. As much as I like to explain how it is done, Forex is a simple game; one is the winner and the other is the loser. In order for me to win, someone has to lose. No-one is going to give away the goose that lays the golden eggs. I hope you will understand; All is fair in love and war.Ignored