Most traders fail because of no discipline! | Page 8 | Forex Factory

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Most traders fail because of no discipline!

  • #141
  • Jan 22, 2017 8:51pm Jan 22, 2017 8:51pm
Quoting Mr Breakout
{quote} So sideways markets do no exist. Oh well, you learn everyday. I guess. Now let me contact these morons at Investopedia and tell them to stop publishing nonsense. http://www.investopedia.com/terms/s/sidewaysmarket.asp

HAHA!

TooSlow is being too Slow to understand the concept.

Just because a market is moving Up doesn't mean that the market is an UPTREND. There's a reason why we have to differentiate
the behavior of the market before we can talk about Price Action....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #142
  • Jan 22, 2017 9:05pm Jan 22, 2017 9:05pm
Quoting OctaveJay509
{quote} HAHA! TooSlow is being too Slow to understand the concept. Just because a market is moving Up doesn't mean that the market is an UPTREND. There's a reason why we have to differentiate the behavior of the market before we can talk about Price Action....
You assume I am the one who does not understand.
It is interesting, in politics candidates attack each other rather than debate the issues.
Why do traders attack each other rather than debate the issue?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #143
  • Jan 22, 2017 9:24pm Jan 22, 2017 9:24pm
Quoting TooSlow
{quote} You assume I am the one who does not understand. It is interesting, in politics candidates attack each other rather than debate the issues. Why do traders attack each other rather than debate the issue?

Retail Traders focus mostly on Price Action and Banks/Institutions focus mostly on Market Structure....

It bothers me so much when i see retail traders are so stubborn to accept the truth...I used to trade Price Action
over the years, and now I am only focusing on Market Structure...

No debate is needed here, because we are talking about 2 completely different things...And, I wasn't attacking you.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #144
  • Jan 22, 2017 9:27pm Jan 22, 2017 9:27pm
Quoting OctaveJay509
{quote} Retail Traders focus mostly on Price Action and Banks/Institutions focus mostly on Market Structure.... It bothers me so much when i see retail traders are so stubborn to accept the truth...I used to trade Price Action over the years, and now I am only focusing on Market Structure... No debate is needed here, because we are talking about 2 completely different things...And, I wasn't attacking you.
"
HAHA!

TooSlow is being too Slow to understand the concept.
"

Really?
Then why mention my name is what you are discussing is price action, market structure, etc...
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #145
  • Jan 22, 2017 9:33pm Jan 22, 2017 9:33pm
Quoting TooSlow
{quote} " HAHA! TooSlow is being too Slow to understand the concept. " Really? Then why mention my name is what you are discussing is price action, market structure, etc...
I mentioned your name, because my response to Mr. Breakout was a continuation to your attack in the first place....

Since you had to correct yourself about Price and Market, it was pointless to reply directly to you....
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #146
  • Jan 22, 2017 9:38pm Jan 22, 2017 9:38pm
TooSlow,

Seriously, if you don't know the definition of a sideways movement (currency, stock, futures or whatever) you have no business trading.

Period.
  • #147
  • Jan 22, 2017 9:40pm Jan 22, 2017 9:40pm
Quoting Mr Breakout
TooSlow, Seriously, if you don't know the definition of a sideways movement (currency, stock, futures or whatever) you have no business trading. Period.
You can check my HOLO thread and see the results I posted last week.
Then tell me if I have no business trading.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #148
  • Jan 22, 2017 9:47pm Jan 22, 2017 9:47pm
Quoting TooSlow
{quote} You can check my HOLO thread and see the results I posted last week. Then tell me if I have no business trading.
Fair enough.

What is the exact url of the thread ?
  • #149
  • Jan 22, 2017 10:01pm Jan 22, 2017 10:01pm
Quoting Mr Breakout
{quote} Fair enough. What is the exact url of the thread ?
http://www.forexfactory.com/showthre...75#post9438075
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #150
  • Jan 22, 2017 10:06pm Jan 22, 2017 10:06pm
Quoting TooSlow
{quote} http://www.forexfactory.com/showthre...75#post9438075
Ok, and where can we see the maximum drawdown on these trades (what we call net profit as % of maximum drawdown)?
  • #151
  • Jan 22, 2017 10:35pm Jan 22, 2017 10:35pm
Quoting Mr Breakout
{quote} Ok, and where can we see the maximum drawdown on these trades (what we call net profit as % of maximum drawdown)?
You're joking right? The whole point of trading is the end result - THE NET IS HUGE... the hell is up with that response?
  • #152
  • Jan 22, 2017 10:38pm Jan 22, 2017 10:38pm
Quoting wannalearn12
{quote} You're joking right? The whole point of trading is the end result - THE NET IS HUGE... the hell is up with that response?
Some are never satisfied.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #153
  • Edited 11:21pm Jan 22, 2017 11:01pm | Edited 11:21pm
Quoting wannalearn12
{quote} You're joking right? The whole point of trading is the end result - THE NET IS HUGE...
If you believe that then you still have a LOT to learn.

But don't worry, the market itself will teach you that.

The hard way of course.

And 10 or 20 years from now (after blowing up 100 grand or more trying to outsmart the market), you would come back to this Forex Forum and say something like : "Now I know what he was talking about"
  • #154
  • Jan 22, 2017 11:11pm Jan 22, 2017 11:11pm
Ohhh goodie, another tit for tat form our resident arm chair experts. Going to get some popcorn.
  • #155
  • Jan 22, 2017 11:24pm Jan 22, 2017 11:24pm
Quoting mrhigurashi
Ohhh goodie, another tit for tat form our resident arm chair experts. Going to get some popcorn.
Believe it or not, I am just trying to warn and educate unsuspecting Forex traders.

And traders in general.

And only God knows there are plenty of them.
  • #156
  • Edited 11:45pm Jan 22, 2017 11:34pm | Edited 11:45pm
Quoting TooSlow
{quote} Not exactly. Price moves up, Price moves down or Price does not move at all. Sideways "movement" does not exist.
In defense of the Too Slow
He is correct.Price either goes up or down or stops if ever.When we call sideways consolidation its only mostly on higher time frame but if you drop to 1min to 5min price either goes up or down.
My best trades has been in ranging "sideway" market.
I think TS is too intelligent not to know what consolidation range is(to assume he does not is disingenuous and arrogant) but we are framing what price does.I think he simply wanted to point the obvious in purely technical terms price either goes up or down or stops if markets shuts down.
You both win.

Lots of great points has been touched on this thread and basic fact is trading is zero sum game and one side must lose for the other to gain.Most times its the side of the Banks that win because they can move price.Retail traders don't move price.
I read studies that show in most cases retail traders have direction correct but where they fail is poor management of lots and stops.Honestly takes 5yrs to get this down.
Most traders start making real money after 5yrs.If you are getting close don't quit.Carry on and continue to learn.There is light end of the tunnel
In trading, you have to be defensive and aggressive at the same time
  • #157
  • Jan 22, 2017 11:35pm Jan 22, 2017 11:35pm
Quoting Mr Breakout
{quote} Believe it or not, I am just trying to warn and educate unsuspecting Forex traders. And traders in general. And only God knows there are plenty of them.
Let us all bow down and thank God Almighty you arrived.WE HAVE BEEN WARNED!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #158
  • Jan 22, 2017 11:36pm Jan 22, 2017 11:36pm
Quoting Davit
{quote} In defense of the Too Slow He is correct..
I give up.
  • #159
  • Jan 22, 2017 11:37pm Jan 22, 2017 11:37pm
Whether you trade market structure or price action the question is are you making money consistently?if you are then you are doing something right and thats all that matters.
100% KENYAN.
  • #160
  • Jan 22, 2017 11:41pm Jan 22, 2017 11:41pm
a trading strategy doesn't have to be technical or fundamental or even has 80 above win-rate , but your strategy should give your desire result when the combination of discipline , money management and risk reward .

some only trading by following candle color, some just trade bounce of s/r or trendline. no point arguing how a person trade to make money as long as he is making money, that all matter.

if your system is very logical and safe, that is good, but thats not the only way.
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