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Simple advice but it can turn around your trading

  • #21
  • Jul 13, 2018 6:27am Jul 13, 2018 6:27am
Quoting CrocodileRex
{quote} please show your real account instead of your student's ones. why should i learn from you if you don't show me how profitable you are? Also, no demo account. Anything below 10k account is laughable. Any explorer less than one year is also laughable. Who are we kidding.....
feel free to try some thing else....nothing is been sold here that I need to worry looool
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  • #22
  • Jul 13, 2018 6:30am Jul 13, 2018 6:30am
I know how toxic these forums are. I will attract right people and I am just posting for those right people to help them. others feel free to do what ever they are doing.
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  • #23
  • Jul 13, 2018 6:31am Jul 13, 2018 6:31am
Its a free advice take it or drop it.
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  • #24
  • Jul 13, 2018 7:40am Jul 13, 2018 7:40am
Can I be your student? PLEASE PLEASE PLEASE.

So simple advice, so much amount of money to be made, such a professional trader, OMG WOW!!!!

Now my eyes are clear, once again. The veil that was blinding my eyes.
  • #25
  • Jul 13, 2018 7:51am Jul 13, 2018 7:51am
Quoting Nenuser
Can I be your student? PLEASE PLEASE PLEASE. So simple advice, so much amount of money to be made, such a professional trader, OMG WOW!!!! Now my eyes are clear, once again. The veil that was blinding my eyes.
just read the first post 20000 times more....
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  • #26
  • Jul 17, 2018 8:41am Jul 17, 2018 8:41am
Hello. Your free advice is of interest.
What is the main reason using a SL is bad? Is it because the big money likes to do stop-loss hunting? I attempt to make money trading mostly EURCAD, and would say that there are definitely pitfalls with this pair, maybe more than most. Sudden spikes and unexpected moves which would stop out many using a small SL are common. I tend to prefer using more of an emergency SL of a large range which likely won't be reached unless something really serious occurs. And I try to exit/enter based upon indicators and patterns.
Another question: do you think it is possible to profitable using indicators as the primary basis? Or is that all fantasy? Do experts value indicators much?
  • #27
  • Jul 17, 2018 9:31am Jul 17, 2018 9:31am
Quoting webguy7
Hello. Your free advice is of interest. What is the main reason using a SL is bad? Is it because the big money likes to do stop-loss hunting? I attempt to make money trading mostly EURCAD, and would say that there are definitely pitfalls with this pair, maybe more than most. Sudden spikes and unexpected moves which would stop out many using a small SL are common. I tend to prefer using more of an emergency SL of a large range which likely won't be reached unless something really serious occurs. And I try to exit/enter based upon indicators and patterns....
Sl is bad for the reason you said it is also bad because it might alter our trading decision because if fear.

as far as indicator is concern if you notice you will so many on the charts when bloomberg or some thing like in interviews, I personally dont use many indicator but just 1 or 2 just to see over all market conditions.
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  • #28
  • Jul 17, 2018 11:36am Jul 17, 2018 11:36am
Nice thread.

Do you have any strategies for profit taking / managing profitable trades?
'For the market to work, it needs people who think that they can beat it.'
  • #29
  • Jul 17, 2018 1:01pm Jul 17, 2018 1:01pm
Quoting JmFinancials
ttry and remove SL and you will be profitable in no time.
I get what you say JmFinancials. Commit to positions!

If you MUST commit as a condition of your rules, you will make better trades.
  • #30
  • Jul 18, 2018 9:31am Jul 18, 2018 9:31am
Quoting AlastorFate
Nice thread. Do you have any strategies for profit taking / managing profitable trades?
Strategy is very simple. trade daily chart+zoom out completely+throw very important S/R+buy or sell on extreme points without stops.
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  • #31
  • Jul 21, 2018 11:24am Jul 21, 2018 11:24am
Quoting JmFinancials
this is one of my student accounts, he is still learning the art of trading, trying to help him. He doesn't use Stops now. {image}
update on this account
Attached Image
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  • #32
  • Jul 21, 2018 6:22pm Jul 21, 2018 6:22pm
I never use SL. I don't want anyone knowing where I'm ready to throw in the towel. I've been very profitable since I've made the change. The downside is you have to sit in front of the computer at attention in case price goes against you too much and you have to punch out quick. I trade Futures, not Forex.
  • #34
  • Jul 21, 2018 10:24pm Jul 21, 2018 10:24pm
Quoting genghistar
WARNING.. FATAL ADVICE AND SCREW YOUR LIVE UPSIDE DOWN. Hehe
Only if you are trading much bigger than your underwear can hold this is fatal.

Trade small with accordance balance to your trade account and this works awesome.
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  • #36
  • Jul 21, 2018 11:58pm Jul 21, 2018 11:58pm
Quoting genghistar
{quote} I will help you to say if you trade micro cents accounts without proper SL then it is very difficult for that micro accounts to go to zero which also means your rrr sucks big time and you are here to mislead uninformed and new traders trying to promote your snake oil method. Mods have been informed for possible scam.
Sure mean while find some other place for your tantrum we are discussing here some thing serious and useful.
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  • #37
  • Jul 22, 2018 12:04am Jul 22, 2018 12:04am
Quoting Lunartrader9
I never use SL. I don't want anyone knowing where I'm ready to throw in the towel. I've been very profitable since I've made the change. The downside is you have to sit in front of the computer at attention in case price goes against you too much and you have to punch out quick. I trade Futures, not Forex.
Can you trade futures from mt4? Which broker do you use? I have never traded futures before. Does it also have leverage like spot fx?
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  • #38
  • Jul 22, 2018 12:38am Jul 22, 2018 12:38am
Quoting JmFinancials
this is one of my student accounts, he is still learning the art of trading, trying to help him. He doesn't use Stops now. {image}
Well done!

That seems to imply you are a trading mentor/guru.

Thanks for sharing your trading secret with us.
'For the market to work, it needs people who think that they can beat it.'
  • #39
  • Jul 22, 2018 3:56am Jul 22, 2018 3:56am
Quoting AlastorFate
{quote} Well done! That seems to imply you are a trading mentor/guru. Thanks for sharing your trading secret with us.
Dont really like the term guru lol

I just wanna make money via trading and while doing it for my self want to help others in some ways. So it can be help ful to all.
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  • #40
  • Jul 22, 2018 11:09am Jul 22, 2018 11:09am
Quoting btcFX
I can't believe trading with no SL can ever be a good idea.
Try on demo you won't lose any thing.

But again you will need knowledge to execute trades.
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