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8 Years Later - Still Not Winning

  • #141
  • Nov 24, 2017 4:23am Nov 24, 2017 4:23am
I have been trading, everyday, for 23 years....still learning..

I have had good years, great years, and shit years....
Look Sharp/Trade Tight
  • #142
  • Nov 24, 2017 4:25am Nov 24, 2017 4:25am
Quoting neesh24
yea, what does the universe want me to know. Is it telling me keep going it will come? or is it telling me, Forex is fake. or is it telling me you won't ever get it? these questions have been going through me head for the last 8 years. I've had two different coaches. Felt that "it was the system" the first time. And now i'm facing that same feeling right about the same time. I don't think it is the system though. I'm missing something. Second part of this year I feel like anyone flipping a coin would have better results. So I start listening to...
Easy fix. Flip a coin, enter a trade with 1% risk, TP at 10 times your SL. This is a profitable system.

If you can't stomach the drawdowns, trail your stop but it will reduce profitability.
  • #143
  • Nov 24, 2017 4:33am Nov 24, 2017 4:33am
Quoting RondaRousey
{quote} I would not follow anyone on FF unless they have: 1. Over 3000 trades 2. Has returned over 100% year to date on a small live account less than a million or recovered from a 80-90% drawdown 3. Has shown the ability to make thousands of pips a trade So far, no one on FF has demonstrated this. Why? Remember there is no escape from being a noob if you follow other noobs. You are what you eat. https://www.youtube.com/watch?v=F7ts55WyG9o
would love to follow you...
but cant,
i cant see you can pass your own criteria.

must "remember: there is no escape from being a noob if you follow other noobs" ... expect that apply to you too.
there is always, always another trade!!
  • #144
  • Nov 24, 2017 8:56am Nov 24, 2017 8:56am
Quoting RondaRousey
{quote} I would not follow anyone on FF unless they have: 1. Over 3000 trades 2. Has returned over 100% year to date on a small live account less than a million or recovered from a 80-90% drawdown 3. Has shown the ability to make thousands of pips a trade So far, no one on FF has demonstrated this.
The problem is that if people fulfilling these conditions ever show up in FF and you susbcribe to them,
they will instantly realize you are just a big-mouthed loser (troll),
so you will be added into their ignore list.

Moral of the story: Noobs like RondaRousey can not even subscribe to profitable traders over the internet.



P.S: Ronda, please get up off the ground
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  • #145
  • Nov 24, 2017 9:12am Nov 24, 2017 9:12am
Quoting profitfarmer
{quote} the reason i would like to follow you, to get me out of this noob-dom the actual acct in question is 38 weeks. i dont claim anything. it is a journal, that you read. the drowdowns will eventually come. sure. some came already. some point even the equity stop will be hit. i am probably making my broker rich. no question. does it allow me to trade full time and make a decent living from it. it does. one thing that scalping also enables, is the smoother equity curve, and less frequent losing days. let me sleep better in the nights....
You don't need to prove yourself to anyone. Those who will not believe will never believe. Just keep on with great job in trading
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #146
  • Nov 24, 2017 12:11pm Nov 24, 2017 12:11pm
Millions of trader-wannabes rush into the most competitive game called financial speculation every year, only around 1% of them come out on top.Attachment x

Thousands of entrepreneur-wannabes in the US rush into creating their own businesses every year, around 25% of them fail every year.
https://www.statisticbrain.com/start...e-by-industry/

Ten males chasing a beautiful and intelligent woman at the same time, at least 10% of them get what they intended.(No citation for this one, it could be 0% if she's a lesbian )


See the difference?

Instead of thinking about "How can I become a consistently profitable trader?", you should be asking yourself, "How the hell do you win a highly competitive game?"

Borrowing some wisdom from the Animal Planet, to survive and thrive in the wild one should be either

1. Faster, like the cheetah
2. Stronger, like the elephant
3. Stealthier, like the chameleon
4. Smarter & slyer, like the Homo sapiens
5. Work in groups, like ants

Who is faster, stronger, stealthier, smarter than you but also work in groups?
Hedge fund, central banks, insiders

How do you grab meat from their hand?
You don't. You eat their leftovers. Find those leftovers by read, trial & error, rinse, repeat. Don't you ever commit a fucking penny on live account before successfully trading a refined strategy on demo which is usually getting better after 500 iterations with the assistance of detailed journal recording every adjustment, either that or find a patron kind enough to support your gambling habit.


Also, start with a less competitive market will help, for instance, anything but forex?!
No Highs? No Lows? Must be Bose!
  • #147
  • Nov 24, 2017 12:19pm Nov 24, 2017 12:19pm
I will succeed morons, because i pray the God of statistics
  • #148
  • Nov 24, 2017 1:15pm Nov 24, 2017 1:15pm
Quoting hotaggie98
I've been trading for 21 years and about to be 22 years. I'm managing 13M hedge fund. All I can tell you is this: 1. Years of trading has nothing to do with it. Just because you been driving for 20+ years - don't make you a NASCA driver. 2. There is no magic system (MACD, CCI, RSI...) whatever you want to use... It works. The problem is YOU. Most people don't have the patient long enough to wait for when the condition that indicators were created for. Trust me, I can use any indicator available on MT4. Pick one indicator - Learn it thoroughly -...

bunch of bs
  • #149
  • Nov 24, 2017 1:20pm Nov 24, 2017 1:20pm
Quoting hotaggie98
I've been trading for 21 years and about to be 22 years. I'm managing 13M hedge fund. All I can tell you is this: 1. Years of trading has nothing to do with it. Just because you been driving for 20+ years - don't make you a NASCA driver. 2. There is no magic system (MACD, CCI, RSI...) whatever you want to use... It works. The problem is YOU. Most people don't have the patient long enough to wait for when the condition that indicators were created for. Trust me, I can use any indicator available on MT4. Pick one indicator - Learn it thoroughly -...

Interesting post.

I respect your achievement
  • #150
  • Nov 24, 2017 2:32pm Nov 24, 2017 2:32pm
Quoting HeyYou
{quote} bunch of bs
Prove your assertions or shut it!
.... laughing all the way to the bank
  • #151
  • Nov 24, 2017 2:39pm Nov 24, 2017 2:39pm
Quoting hotaggie98
I've been trading for 21 years and about to be 22 years. I'm managing 13M hedge fund. All I can tell you is this: 1. Years of trading has nothing to do with it. Just because you been driving for 20+ years - don't make you a NASCA driver. 2. There is no magic system (MACD, CCI, RSI...) whatever you want to use... It works. The problem is YOU. Most people don't have the patient long enough to wait for when the condition that indicators were created for. Trust me, I can use any indicator available on MT4. Pick one indicator - Learn it thoroughly -...
To my knowledge:

1. Deliberate training=skill improvement, random "sensual market experience"=nothing ex. athletic training
2. For human traders, yes, simple system can work combined with market intuition. For Quants that need very specific rules? Try implementing a simple MA crossover strategy and see how it bleeds like a motherfucker. Human brains are the most powerful computers on this planet so far.

On a side note, there is certain knowledge that cannot be relayed via our most common communicative channel such as speaking and writing, it is called tacit knowledge, and that is the why a mater discretionary trader who uses "simple" trading system never seems to have any good disciples.

So much for "KISS", eh?

Agree with all the points from 3 to 5 when trading discretionarily.
No Highs? No Lows? Must be Bose!
  • #152
  • Nov 24, 2017 2:47pm Nov 24, 2017 2:47pm
Quoting hotaggie98
I've been trading for 21 years and about to be 22 years. I'm managing 13M hedge fund. All I can tell you is this: 1. Years of trading has nothing to do with it. Just because you been driving for 20+ years - don't make you a NASCA driver. 2. There is no magic system (MACD, CCI, RSI...) whatever you want to use... It works. The problem is YOU. Most people don't have the patient long enough to wait for when the condition that indicators were created for. Trust me, I can use any indicator available on MT4. Pick one indicator - Learn it thoroughly -...
All your points are so great. I love all the points, but draw attention again to emotion- Fear and Greed. As you said "use your emotions wisely". Emotions are not as bad as many would tend to look and interpret it. Great thanks.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #153
  • Nov 24, 2017 3:35pm Nov 24, 2017 3:35pm
Quoting VEEFX
{quote} If by Emotions, he means "FEELING" the rhythm of price movement then it is a very legit and powerful emotion to tap into. My best stacking episode happen when my mind is absolute tuned in with the market with zero distractions. My best trading style is trading events and when I am completely turned in, it results in the best performance just by locking myself in a room and not getting up for hours to pee or drink. 100% focus to simply follow the price and manage free margin !
Without focus successful trading can't be achieved. For daily and longer TF traders lucking oneself may not be the case. At the end of the day they just check the market closed candle and see whether there is any setup. And then close. Interesting thing with daily and longer TF traders.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #154
  • Nov 24, 2017 3:42pm Nov 24, 2017 3:42pm
Quoting scamMEplease
{quote} Is that you Shane Blankenship? I found this interesting review on the site you recommend: Bait and Switch gimmick The site marketgeometry.com uses the old "bait and switch" gimmick. It offers mentorship to traders at various levels of paid subscription. The bait is mentorship by Timothy Morge, a 35 veteran of the trading industry. The switch is Shane Blankenship, a truck driver with undisclosed experience in the trading industry. I subscribed and paid for the mini-mentorship program at marketgeometry.com. According to the web site, I would...

I personally mentored with Shane, trust me he knows how to trade. I would put him up against any trader, period. The challenge that Shane or Tim has is they don't know where people are knowledge wise. Just to draw good lines a person must be able to identify a completed swing, believe it or not, a lot of people can't. That's just one small example of blaming the teacher for the students ignorance.

The other thing that Shane does is, he gives homework, like examine price action for variations of a particular structure. Most people don't do the work to even start to understand. So when people don't want to do the heavy lifting of self knowledge and experiential learning. Is it Shane's or Tim's fault? They go back to blaming someone or an indicator for their inability to trade. One of the secrets is to gather the FACTS of what a market IS doing not what you wish or worse, predict it would do. Believe it or not a person can just look at price action and know, but it takes months, even years of practice to gather an understanding.

Most people also don't know that Tim Morge was very ill for quite some time with liver cancer. I'd like to see how many classes you would teach while your puking from your meds.

So while your shooting your mouth off about things you only loosely looked at, I can hope that people don't judge you so quickly and poorly as you are doing here. There is the old saying that what goes around comes around.
  • #155
  • Nov 24, 2017 4:28pm Nov 24, 2017 4:28pm
Quoting Sossos
{quote} I personally mentored with Shane, trust me he knows how to trade. I would put him up against any trader, period. The challenge that Shane or Tim has is they don't know where people are knowledge wise. Just to draw good lines a person must be able to identify a completed swing, believe it or not, a lot of people can't. That's just one small example of blaming the teacher for the students ignorance. The other thing that Shane does is, he gives homework, like examine price action for variations of a particular structure. Most people don't do...

Did the mentoring make you a profitable trader ?

How long was it?

Kind regards,

Goose
  • #156
  • Nov 24, 2017 4:37pm Nov 24, 2017 4:37pm
Quoting hotaggie98
There are two groups of traders on here and they argue with each other constantly. Full time and Part Time traders. As a full time trader, I don't have the luxury to pick whether I have a good day, all the conditions are right... It's a job, if you don't perform, you're going out of business. The unfortunately thing is everyone has to start out as a part-time traders, and therefore it required some time to get to a different stage. Just don't give up
you manage 10m? what's your hedge fund name?
  • #157
  • Nov 24, 2017 4:47pm Nov 24, 2017 4:47pm
A long time market observer.... Today's ftse and EU...
It is not random but working out real time is the key....
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  • #158
  • Nov 24, 2017 4:52pm Nov 24, 2017 4:52pm
Quoting hotaggie98
There are two groups of traders on here and they argue with each other constantly. Full time and Part Time traders. As a full time trader, I don't have the luxury to pick whether I have a good day, all the conditions are right... It's a job, if you don't perform, you're going out of business. The unfortunately thing is everyone has to start out as a part-time traders, and therefore it required some time to get to a different stage. Just don't give up
respectfully disagree.
as a full-time trader you have to perform....but you can also pick your battles wiser than someone part-time who can access the market only at certain times.
not to forget: having no open trade is also a 'position' on the market, and maybe the one that doesnt take you out of business.
yes, there is some pressure to perform. but that doesnt mean you have to make every day X amount as a full-time trader.
some days are good, some days are not so good, and some days you dont feel in the 'zone' to trade.
in a job, one rarely has the luxury to say when he wants to work. a full-time forex trader has lot more flexibility.
one of the perk i enjoy trading full-time.
there is always, always another trade!!
  • #159
  • Nov 24, 2017 4:52pm Nov 24, 2017 4:52pm
Quoting goose4
{quote} Did the mentoring make you a profitable trader ? How long was it? Kind regards, Goose
Yes, I am, although still trading small amounts.

We met about every 6 weeks for 18 months
  • #160
  • Nov 24, 2017 11:45pm Nov 24, 2017 11:45pm
Quoting PayTheLimit
I have been trading, everyday, for 23 years....still learning.. I have had good years, great years, and shit years....
wow!! 23 years that makes you a legend to me,what has been your greatest lesson in your trading journey.
100% KENYAN.
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