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3 steps to turn around your trading in no time

  • #21
  • Jul 12, 2018 2:44pm Jul 12, 2018 2:44pm
Quoting cfudge
If you are trading 0.10 lots per trade what account size is that for?
off course it has to be minimum 2000
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  • #22
  • Jul 12, 2018 2:46pm Jul 12, 2018 2:46pm
So you never had a loosing trade? How frequent are the losses? You know if you are waiting for 2000SL to hit the fees will kill you over time for holding it so long right?
  • #23
  • Jul 12, 2018 2:48pm Jul 12, 2018 2:48pm
Quoting echo1
So you never had a loosing trade? How frequent are the losses? You know if you are waiting for 2000SL to hit the fees will kill you over time for holding it so long right?
there is always option to kill the trade.

But putting a fix short SL will make you stressed and it also leads to many wrong trades.
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  • #24
  • Jul 12, 2018 2:54pm Jul 12, 2018 2:54pm
Exactly what I thought lol. Why have 2000SL if its not likely to be hit in quite a while (days,weeks,months)? No, what you are implying is trading without a SL. Thats pretty much what a 2000SL is. Like you just said "there is always option to kill the trade." , then you are choosing an area where you think you got it wrong aka mental SL. Therefore you don't use 2000SL. you have wins of 25$. At 0.10 lot thats 25 pips and you have 2000 SL aka 2000$....right
  • #25
  • Jul 12, 2018 2:59pm Jul 12, 2018 2:59pm
this is what has been said in first post.

have ample money in the account and just grab pips from market.
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  • #26
  • Jul 12, 2018 3:07pm Jul 12, 2018 3:07pm
So you close trades before 2000SL, that means you have a smaller mental SL. Having any SL is the opposite of your #2 point. Now to keep losers running to 2000SL while taking 20-100 pip wins is probably the worst strategy I have ever heard of. If you do have a mental SL it has to be based on something like PA, or number of pips (both of which invalidates your #2. point). What are you trying to prove lol?
  • #27
  • Jul 12, 2018 3:36pm Jul 12, 2018 3:36pm
Quoting JmFinancials
{quote} Cutting losses is different from fix SL on every trades.
Trading with no stop loss or BIG stop loss is a very good trading method, if you have the discipline to exit losing trades at will at anytime.

A lot of people here chose not to read what you posted, and simply put words in your mouth. lol
'For the market to work, it needs people who think that they can beat it.'
  • #28
  • Jul 12, 2018 3:58pm Jul 12, 2018 3:58pm
You are right about "the discipline to exit losing trades at will at anytime". I think whats false is claiming no SL at all, when using one. Its ok to use one, where its fixed or mental. The problem is that this becomes another thread of no real strategy, which I asked him for. Just spreading more poor information about trading. FF is already full of value less threads. If you have something good to share right on! This is what this is for. The vagueness of this thread so far leads all people into a rabbit hole which is uncalled for.
Even if your idea doesn't work out in the end is ok too, as long as its genuine discussion. The author suggests this strategy yet breaks his own rules. That is not genuine. If he talks about how he does have a mental SL and how he uses it, thats great!
  • #29
  • Jul 12, 2018 4:08pm Jul 12, 2018 4:08pm
Quoting JmFinancials
Speaking from 10 years of experience in market. you can turn around your trading in simple 3 steps, try it on demo and thank me later.
1) you need ample amount of money in your account. there is no way to make living out of forex from 100 dollar account.
2) you need to remove your stop loss
3) zoom out on daily chart completely and see the picture crystal clear. thats it.... .

Good...
But you need patience, solid nerves, news reading, will to close at say 20-40 pips....

Grab 1 million bucks from Daddy and trade 1 a day is hardly the advice for everyone

But good foundation!!
Beware of robber banks (RB), bad advisors.
  • #30
  • Jul 12, 2018 4:14pm Jul 12, 2018 4:14pm
Quoting echo1
So you close trades before 2000SL, that means you have a smaller mental SL. Having any SL is the opposite of your #2 point..... trying to prove lol?
Bla bla....why r you arguing??? or LOLing???
Pay attention to smart people.

It's not a matter of pips or SL or money.

It's a matter of DIRECTION.!!!

Look here. Tell the direction, can you??? Future you have

Knowing this, doesn't matter few hundred pips. OK??

Need discipline next.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Yoda sad. Not-KPMG is short.jpg Size: 314 KB
Beware of robber banks (RB), bad advisors.
  • #31
  • Jul 12, 2018 4:34pm Jul 12, 2018 4:34pm
Not-KPMG - Im calling him out on what his claims are, just that simple. Just #2, the rest is great. Direction is great. Just dont flip flop from remove your SL to,
2000SL to,I close it when I see fit. Or just say it right from the start: Dont have a fixed SL, use a mental SL. jeez....
  • #32
  • Jul 12, 2018 4:48pm Jul 12, 2018 4:48pm
yea so simple and so clear!

just some things,,, i zoom out/in, change timeframe of any chart but i see only one thing! always i call it " the same thing "

maybe i need glasses or something

by the way, $1 account or 1 million is the same thing too but losing $1 is not the same as losing $1 m,

just saying... cheers
giving hope for more money is lame and shame, but who give a shit, its just some words and some feelings, the most important is money

f*** bastards
  • #33
  • Jul 12, 2018 5:49pm Jul 12, 2018 5:49pm
Quoting JmFinancials
Speaking from 10 years of experience in market. you can turn around your trading in simple 3 steps, try it on demo and thank me later. 1) you need ample amount of money in your account. there is no way to make living out of forex from 100 dollar account. 2) you need to remove your stop loss 3) zoom out on daily chart completely and see the picture crystal clear. thats it. Hope it helps some people who are working hard to make living out of forex market.
Remove stop?
Complete nonsense.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 8.3%
  • #34
  • Jul 12, 2018 7:27pm Jul 12, 2018 7:27pm
2000 points or 2000 pips?

GRID system you could use, hmmmm
Learn, a forex trader must, unlearn and relearn he will.
  • #35
  • Jul 12, 2018 11:19pm Jul 12, 2018 11:19pm
those who are not understanding my post I don't blame you

give few more years in market and you will perfectly understand it.
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  • #36
  • Jul 12, 2018 11:49pm Jul 12, 2018 11:49pm
Quoting AlastorFate
{quote} Trading with no stop loss or BIG stop loss is a very good trading method, if you have the discipline to exit losing trades at will at anytime. A lot of people here chose not to read what you posted, and simply put words in your mouth. lol
they will understand sooner or later.
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  • #37
  • Jul 12, 2018 11:51pm Jul 12, 2018 11:51pm
Gems are delivered. now its upto people to take it as gem or throw it like stones.
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  • #38
  • Jul 13, 2018 12:24am Jul 13, 2018 12:24am
YES YES YES brother JM FINANCIALS i agree with you 100 % that we should always play without stop loss if you have strategy which has been tested because if you play with stop loss chanCES are that you will lose more money than you earn because i have tested on several occasions that if you play at that right time with that right strategy prices are bound to go in your direction no matter what .....in fact i can say that STOP LOSS ARE APPLIED BY PEOPLE WHO DO NOT HAVE TIME TESTED FOOLPROOF STRATEGY ...OR Y ON EARTH WILL YOU APPLY STOP LOSS
  • #39
  • Jul 13, 2018 1:00am Jul 13, 2018 1:00am
problem is not the direction of a market, the problem is the timing in which you should be in trade when a market moves in your direction.

if you put a SL it means the market will surely come to eat it before it goes in your direction. I am sure those who are trading live will agree with me.
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  • #40
  • Jul 13, 2018 1:01am Jul 13, 2018 1:01am
first profit for today.
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