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Attachments: What is your secret and edge?
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What is your secret and edge?

How much money are you willing to lose today?

Instead of focusing on how much money you want to make investing in the market, focus on the amount you are prepared to lose when you're investing.

If you say to yourself that you are prepared to lose $500 on this trade, you have helped set a stop loss for yourself. Enter in your stop loss, and you no longer have to worry about making a 5% loss into a 20% loss.
Forex can only be understood backwards, but it must be traded forwards.
Quoting Alpha-Omega
Anyone wanna contribute?
SURE


Inserted Video


can you feel that/?

\
Time hides Nothing
Guys guys, no fighting lol Just post a screenshot of your trade and anybody who knows what they're looking at, will be able to tell a difference. I personally agree with CindyXXXX in that you don't need any training in mathematics. In fact, I think generally people that do very well trading consistently are dumb as dirt. They do very well trading consistently because they're more likely to rinse and repeat a good system instead of always looking to improve it with holy grail indicators.
Here's Tom with the weather.
Quoting dkrock
{quote} If you don't bother learning Trigonometry, Calculus, nor Statistics, then you don't really know how to read a chart. That is why so many people just draws lines on it. Clueless.traders..... It's much easier to trade the odds, the probability, and that requires mathematical measurements. Good Luck.
I'll tell you what pal, whatever it is you're smoking, I'd cut back on it a bit if I were you....it rots the brain you know.
Quoting CindyXXXX
{quote} SURE https://www.youtube.com/watch?v=wj2-ppiyHIo can you feel that/? \
sure \m/
wacken!
fortis fortuna adiuvat
Quoting cat
{quote}...though of course if you have some gleam of wisdom you would like to share as to why trading is so easy, then please feel free to enlighten us.
Sure. I look at the OCHL prices only. They speak what is the next thing to happen. Lots of fake movements. Do not know how to filter them and I have learned to flip sides. That is it. 4 years of repeated failure lead me to the simplest of all things. I have to be extremely stupid I have missed it. But that is because I was thinking the solution has to be complicated. It is not. That is why no one sees it. Almost no one.

EDIT 1: Cat, here and here are two good examples from today. I can do this all day long for every pair. Hourly, daily, weekly, whatever. But this is not what really interests me. Guess what - nobody reads...
Maadik Hugiis. IQ 69.
Quoting cat
{quote} Yet the overall majority fail, so your statement is a contradiction. There are many reasons why so few succeed, but one of them is not because trading is easy.
Trading is not difficult. Many "fail" because they go into trading with expectations. When you remove expectations you realize trading is not difficult.
Quoting cat
{quote} Which is the hard part, and which most fail to do. Listen, enough of this ' trading is easy ' nonsense. Despite the odd person who claims otherwise, I and thousands of other traders out there know it is one of the most difficult skills they have ever attempted to master, if not the most difficult. There are a great many reasons why trading is so hard, and there have been many valid discussions concerning this on this forum over the years. I cannot however ever remember seeing a discussion on why trading was so easy! In my opinion anyone...
You are right about many people who are unprofitable pretending to be profitable by posting "wisdom" on here. Notice I used the words "profitable" and "unprofitable", not "successful" or "failure" like you have. One set of words is objective and the other is subjective.

This is going to sound very cliche but it's the simple truth: buy low, sell high (vice versa). It's when people start putting expectations (like 10% ROI/month) that they start complicating things. It's also when words like "failure" and "successful" start coming into the picture. Then because their expectations aren't met they start making worse decisions making it even harder for themselves.

Remove expectations and trading is simple.
Dkrock, those math courses you have listed are merely 2nd grade maths for quants.

Indicators available publicly like MACD, RSI, etc., do not work, does not matter how any thousands of hours you spent tweaking the default values and other parameters. The only indicators that I know will work were created from the quants for example those with Math Ph.D and Physics Ph.D and work for Renaissance Technologies or similar firms. Of course they lock down those indicators in a a more secure method than Fort Knox.

You dissing price action traders big mistake.

My Secret, no profit target
My Edge, know when you’re wrong and immediately trade the opposite to recoup and some
My state of mind: happy, don’t belittle others, humble, enjoy life outside of trading as my positions are usually swing, enjoy a bottle of red wine a day ha!


Bottomline, 99% of all traders failed and you all need to accept that fact and not just 90%.
Quoting Alpha-Omega
"What is your secret and edge?" ..... Anyone wanna contribute?
Selling NZD (mainly NZDUSD) on rallies. Or at least it has been for the last couple of weeks. Reasons here. Time to bank some profit soon, before the next assault.
My "secret/edge" is simple:

1. I AVOIDED seemingly intelligent, but unprofitable traders -- the
MAJORITY here with "so much to say" with so little results -- like
the plague.

2. I sought out ONE real multi-millionaire trader who could PROVE
his results and was equally as good an instructor as he is a trader
(difficult, rare find).

So "few" profitable, teach.

I knew if I wanted to be a millionaire, ONLY listen to millionaires,
and keep THEIR company, not losers who frequent forums giving their
version "sage" advice.

The secret is to actually cease frequenting places like this and go
out and make connections with actual consistently profitable traders.

Who you emulate is who you become. We're wired that way. Most people
here are emulating average, barely-profitable, content-regurgitating
traders and so most everyone here is basically a copy of themselves.

3. Listen to NO ONE'S advice on a FORUM (my own included).

It's a great deception.

I'm almost convinced these forums are intentionally set-up to mis-
lead people and keep them in the dark.

4. My edge, ultimately, is a MENTOR.

Don't listen to me. Listen to someone who you can VERIFY is VERY
profitable trading forex.

I haven't seen it mentioned (no surprise) because everyone's ego is
STUCK on believing they know the secret or edge. So, their opinions
matters more than reality.

They'll even say, "The secret is NO secret or NO edge", trying their
hardest to SOUND wise acting philosophical.

Funny enough, when millionaire traders give you the secret, it's no
secret to THEM, but it will be to YOU because if you KNEW it, it
wouldn't be a secret because you'd already be making money applying
it.

THAT'S how you REALLY know there's no secret; when they're GIVING
you the secret and it makes you MONEY.

Some folks in here sound like children talking about the meaning of a
life they have YET to live.

Get REAL experience trading on a higher level of profitability and
THEN you'll have something worth saying and listening to.

I'm including MYSELF. Yes, I do well, but I'm not a millinoaire (yet)
and it will be YEARS before I decide to talk from experience what the
edge or secret to trading is. When I do share this "edge" or "secret",
it will come from a place of genuine authority.

Which leads me to the fifth point:

5. Maintain a sense of CURIOSITY.

Someone quoted Einstien.

Reason why he was a GENIUS is NOT because he was "smarter" than other
physicist, but because he had IMAGINATION.

He wondered, "WHAT IF?!"

I, too, was told by people in forums that "trading was hard" and that
you have to follow all these silly "rules" to win long-term.

You're even told that "you win some and lose some" and that "not every
week/month/year is profitable".

All of it was "bulls**t". Not according to ME, but a millinoaire trader
who can't remember the last time he lost because every trade he takes
is a WINNER.

I believed there had to be a way, so I ATTRACTED a way, turns out it
IS possible to win 98% of the time in forex.

I started trading with him, and that has proven to be the case.

It's not just my mentor getting results like this, it's me, too.

That's it.

I hope this post actually reaches some new traders who have yet to be
tainted by all the crap in this forum that talks a lot about nothing
and actually LEAVE the forum (as I have) to SEEK REAL TRADERS WHO ARE
MAKING REAL MONEY AND LIVING A LIFE OF FINANCIAL FREEDOM, WHICH IS
WHAT TRADING IS SUPPOSED TO BE ALL ABOUT.

P.S. This is not meant to be an attack on anyones "intelligence". But,
if you feel butthurt over my comments, than clearly everything above
applies to you -- a loser, wannabe trader who thinks it's cool to run
his mouth giving advice when he himself is not qualified to give it.
Quoting Josef Benjam
My "secret/edge" is simple: 1. I AVOIDED seemingly intelligent, but unprofitable traders -- the MAJORITY here with "so much to say" with so little results -- like the plague. 2. I sought out ONE real multi-millionaire trader who could PROVE his results and was equally as good an instructor as he is a trader (difficult, rare find). So "few" profitable, teach. I knew if I wanted to be a millionaire, ONLY listen to millionaires, and keep THEIR company, not losers who frequent forums giving their version "sage" advice. The secret is to actually cease...
Nice copy and paste job.
Quoting dkrock
{quote} When did I say I didn't accept that most traders lose? I mention it several times. Since you also do not know what I do, I respectfully dismiss your criticism too. As for quants, is that some kind of science for people trying to be correct? I trade zones. The day I stopped trying to be precise was the day I started making successful trades, over and over. I changed my business plan from "getting every pip" to "trading vertical movement across multiple pairs". Only you know the answer to this, but are you studying trading, or performing trading?...

Strange, how long have you been in this business and don’t know about the quants and their algorithms that they run? Look up Renaissance Technologies which is the most successful hedge fund in the world. They don’t hire business background. They only hire Ph.D in Math and Physics.
Ask the Big Boys, 5 big banks have 7o% of the volume traded, and acess to all orders, ask them the secret and the edge...they have both...
Quoting 2+2=4ex
{quote} Nice copy and paste job.
+1,

but that said, a lot of the stuff hits home written there.
(go no further, just read this 7 pages, the traders and their secrets that work...most probably in their fantasies, as very few have as much a glimpse of evidence to back them and their wisdom so readily dispensed)
yep, 133 posts, and counting, how many you would think possess to qualify to be at least net profitable ( and able to show it)?
now, if you have a choice, who would you want to really listen to from all these posts?
once you decided, why you decided on those to listen to?

indeed, maybe the guy copy-paste his post, but it is one that should make many to think over how they approach things and where they want to go.
there is always, always another trade!!
Thanks for the confusion!

KP

Quoting Josef Benjam
...Listen to NO ONE'S advice on a FORUM (my own included)....I hope this post actually reaches some new traders.....
Do your homework, follow the footprints of smart money
The secret is to understand and trade with bias and (strong) momentum.
In these phases you literally make the most money.
Market structure, also known as the Dow theory. Simple but overlooked. Puts you on the right side 70%+.
Quoting profitfarmer
{quote} +1, but that said, a lot of the stuff hits home written there. (go no further, just read this 7 pages, the traders and their secrets that work...most probably in their fantasies, as very few have as much a glimpse of evidence to back them and their wisdom so readily dispensed) yep, 133 posts, and counting, how many you would think possess to qualify to be at least net profitable ( and able to show it)? now, if you have a choice, who would you want to really listen to from all these posts? once you decided, why you decided on those to listen...
Sir...

...THANK YOU!

You're one of the FEW who actually get it.

And, "no", what I shared was no "copy n' paste" job.

It came straight from the heart. If there are a some
similarities in what I said others have said, so be it,
but I have not seen anyone really tell the TRUTH...

...and that is NO ONE in this forum (99%) is qualified
to give their "wisdom" because they're failures.

Point. Blank. Period.

It's a bitter pill to swallow and reality few so-called
traders accept because of EGO.

But the first step I had to take before winning in trading
is giving UP my ego.

Everybody always talks about how important the mindset
and psychology plays a role, well, the first step is for an
unprofitable trader to get over his damn self so, shut his
f***** mouth, open his EARS and LISTEN to someone
who is profitable.

What I'm saying to everybody is this...

...even *I* don't have the secrets nor edge. But, what
I DO have is an actual MILLIONAIRE FOREX TRADER
who MENTORS me his secret and edge, which is making
a real-world positive impact on my trading results.

Thus, I'm not giving "Advice" or sharing my "wisdom",
in a strange way, maybe I am giving advice to NOT
listen to people (INCLUDING MYSELF) who do NOT have
the results YOU want to get to where you want to be.

But, if I said "nothing" than people wouldn't receive
the message, so I hate to call what I said "advice", "secrets"
or an "edge". It's just the freaking truth.

Thank you for understanding and THINKING THROUGH
what I said. Most "so-called traders" will NOT, and that
is their own downfall.

As for me, I'm sitting mighty pretty...and though I don't
have to be here to speak on what I know to to be obvious
and common sense, I still love people and want others to
"open their eyes", LEAVE THE FORUMS and seek out the
"REAL DEAL MCCOY" as I have done SUCCESSFULLY.

Quoting Josef Benjam
{quote} Sir... ...THANK YOU! You're one of the FEW who actually get it. And, "no", what I shared was no "copy n' paste" job. It came straight from the heart. If there are a some similarities in what I said others have said, so be it, but I have not seen anyone really tell the TRUTH... ...and that is NO ONE in this forum (99%) is qualified to give their "wisdom" because they're failures. Point. Blank. Period. It's a bitter pill to swallow and reality few so-called traders accept because of EGO. But the first step I had to take before winning in trading...
if original, than even better content. congrats!
there is always, always another trade!!
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