Searching for a cure...:nerd:
Stochastic secrets 469 replies
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
Secrets to improve your trading performance 88 replies
My Trading Secrets Revealed 10 replies
System Development Secrets 5 replies
DislikedA major misconception that beginning traders have is that losing 2% on day one and winning 2% on day 2 brings them back to even. Wrong. You are still negative. This along with spread are two big hurdles to overcome.Ignored
Dislikedi noticed that when i am stoned and i look at forex i find patterns pretty easy , i found one that has made me fixed income for the last 3 months but its not a forsure thing and its not a martingale . more fixed on taking trade on certain time and day of the month with fixed sl and tp ..
no lie i was stoned out of my mind but it works .. if any one is interested in contacting me and trading ideas for ideas and serious lmk . ps im only 20 and in college .
NOT INTERESTED IN PROVING MYSELF TO ANYONE JUST LOOKING TO TRADE IDEAS.Ignored
Dislikedi noticed that when i am stoned and i look at forex i find patterns pretty easy , i found one that has made me fixed income for the last 3 months but its not a forsure thing and its not a martingale . more fixed on taking trade on certain time and day of the month with fixed sl and tp ..
no lie i was stoned out of my mind but it works .. if any one is interested in contacting me and trading ideas for ideas and serious lmk . ps im only 20 and in college .
NOT INTERESTED IN PROVING MYSELF TO ANYONE JUST LOOKING TO TRADE IDEAS.Ignored
DislikedHmmmm.....interesting. I am fully convinced that in order to trade well you have to think outside the box. It is interesting how drugs help you do this. There are all sorts of ancient cultures that relied on drugs to think outside the box or to see things differently. In a freakish kinda way my most astounding discoveries about the market came after crippling losses. Over time, I felt like it was the FX gods toying with me by giving me just enough to justify moving forward AGAIN. It may have something to do with brain chemistry. For me, a major...Ignored
DislikedNever ever under-estimate the power of compounding.
I am in a venture of multiplying my account 5,000 times in 5 years. Have all the logic how it will happen. The most optimistic return is 100,000 times. Challange me, and I will give you all the details................. and I am not drunk but a CPA.Ignored
DislikedI dont know about you guys..but in my younger days, even in college i was a stoner and a gamer. I used to get blazed out of my mind and play video games non stop! I always seemed to be better at the games when i was stoned! lol So i guess if your friend is a gamer that might be the reason...he sees a chart and sees it as a map some where and all he has to do is follow the legend to the blinking dots or whatever is on the map to get to where he needs to go to complete his mission lol.... If that makes sense.Ignored
DislikedOh i beleive ya! Im right there with you just not that many times lol. i just wish more people could understand that to really compound your gains and get the profits or wealth they wish....they need to NOT withdraw but let the account grow.Ignored
DislikedI can relate very close to you. 25yo and play CoD every day on Mountain Dew and Cali green. lolIgnored
DislikedEvery breakthrough I've had about trading successfully has come from the mindset associated with its use.Ignored
DislikedNever ever under-estimate the power of compounding.
I am in a venture of multiplying my account 5,000 times in 5 years. Have all the logic how it will happen. The most optimistic return is 100,000 times. Challange me, and I will give you all the details................. and I am not drunk but a CPA.Ignored
DislikedOn the topic of compounding.. One of my realizations (wouldnt call it a secret) has been to do away with any "TP" level. NO ONE knows if a trade is going to have 1:1 RRR or 1:100. Participation is all that's needed to accumulate expotential profits and ride with the trend as long as it lasts since too - no one can know when a top or bottom will be made.
Limit risk, never limit reward.Ignored
Dislikedhaha, 5,000 times?
you do know that doubling a 500 $ account 50 times already leads to 281 quadrillion $, right?Ignored
DislikedIt is true that when market moves, it ultimately takes one direction. A fair stopless is protection against market moving too far away in opposite direction beyond one's reachIgnored
QuoteDislikedNot placing a tp helps maximising gain. However, bigger moves have bigger (and sometimes abrupt) retraces, requiring power to sustain bigger drawdowns. Sometimes these drawdowns are so huge that if market does not move in the desired direction soon, one loses the account. If one tries to limit these drawdowns by restricting position size, the reward is invariably compromised. That means lower ROI over a certain period of time.
QuoteDislikedOne option is to seek a good r/r i.e 1/10, 1/50 or 1/100, etc.. But this market is so volatile that it takes several attempts to catch such high r/r trade. And by the time we catch this trade, we have already lost the advantage. For example if we are looking for $100 loss or $1,000 profit, it may take 6 or 7 attempts to catch such move. By the time we catch this move we are already down by $600 or $700 for a trade that yields $1,000.
QuoteDislikedThis past week, I went for a 500 to 700 pip move on EUR/USD. It went in my direction by 200 pips, moved stoploss to BE and waited for my 500 pip profit. What happened next ....... In single move it came down 200 pips to eat my sl that was 200 pips below. No loss on this particular trade, as it hit my sl at BE, but what about all the short-term opportunities lost by focusing on this particular trade and blocking my margin?
QuoteDislikedI don't see any advantage in playing longer term / swing trades. I want to convince myself that bigger moves are more profitable, but someone please convince me. Have also started a thread for this short-term/Long-term trading inviting discussion on this topic. So far not convinced that swing trading is more profitable in "Forex" market. Yes, equities and commodities are something different.
DislikedNo, I am not doubling my account. My calculation is based on 5,000 times over a five year period @ 15.25% per month.
$1 @ 15.25% per month = $5,000 in 60 months.
Month # Opening $ Profit % Closing $
1 1.00 15.25% 1.15
2[size=2][font=Arial]...Ignored
DislikedHey Chicky,
. Agreed. A well placed stop should be hit when your analysis/system/approach was wrong, or protect one from adverse movements produced by unforseeable circumstances.
I agree with you here that not placing a TP helps to maximise gains. However, capitalizing on longer term movements does not have to involve reducing one's position size, increasing one's stop size, or having to suffer through large drawdowns. If one were to come to the conclusion that the current position they have initiated had potential to survive for the...Ignored