Help Others with GOD help
3 steps to turn around your trading in no time
Never said entry should be taken blindly, entry needs to be with some logic or reason, but if the market still goes wrong then we have good chance that market will come back and hit the TP.
Trading without stops solves your exit problem now you just need to deal with the good entries and viola you are profitable and rich.
Trading without stops solves your exit problem now you just need to deal with the good entries and viola you are profitable and rich.
Help Others with GOD help
- #105
- Jul 14, 2018 8:04pm Jul 14, 2018 8:04pm
- Joined Nov 2013 | Status: Trader | 1,536 Posts
Never said entry should be taken blindly, entry needs to be with some logic or reason, but if the market still goes wrong then we have good chance that market will come back and hit the TP. Trading without stops solves your exit problem now you just need to deal with the good entries and viola you are profitable and rich.
Selected few are hungry to learn ,,,,, Majority of failures will knock successful people ,,, This IS human nature ,,, sadly ! ! ! ! !
Many think they have seen it all , BUT to live through a 40 lot trade with 430 pips draw down is an experience .
That was the case with my best friend / trading buddy on the Aussie dollar . YES u guessed it ,,, NO STOP LOSS ! ! ! !
This is exactly what JimFinancials is trying to say peeps
Many will cut me to bits with this reply ,, BUT let me tell u now ,, ur opinion does NOT count cause our LIVE trading accounts statements tell us to ignore ignorance .
Before u knock , please read my picture against my name by Stephen hawking and DWELL ON IT FOR A LONG TIME .
here is the daily chart of the Aussie dollar and details of the action applied at the time .
What was he doing in the meantime many may ask ,,,,
Simply he let the market do its Gymnastics , and continued on trading as usual clocking 10K to 20K on any trading day he sat at the charts ,,, THAT IS A FACT ! ! !
I ONLY posted this reply for the benefit of the hungry people who have a passion for mastering what every they target in their lives .
I will leave with my personal thought on this game ,,,
the market is NEVER weak ,, and NEVER strong .
THEY and i say the word THEY ( PLEASE READ BETWEEN THE LETTERS OF THE WORD ) can move any market as high and as low as THEY want .
If one can understand this point ,,,, all lights will come on for them .
Understanding the reason why markets move and where to is the KEY to it all ,,,, as it is NOT about patterns or strategies or indicators or the BIGGEST MYTH of all support and resistance and supply and demand ,,, YES we see the market turning around tops and bottoms ,, BUT get to make it YOUR business and GOAL to understand WHY it does as THAT IS where the secret lays in my humble opinion , aaand NO i will NOT express my views on that point publicly .
Then one MAY start to experience lets say modestly 95% strike rate with their results ,,,, YES u read it correctly 95% MINIMUM on single trades ,,, BUT 100% on BASKETS TRADING .
Also for the record ,,, NOOOO i do NOT use stops ,,,, i apply a different approach for protection purposes , again after 20,000 ( TWENTY THOUSAND HOURS ) of STUDY and SCREEN time under my belt , i am sure anyone can achieve the same .
this was my humble and a rare contribution just to set the point straight for may and hopefully will help many new traders .
And for those who are wondering ,, i di NOT trade the aussie dollar ,, I ONLY trade ONE pair ,,, the Pound YEN ,,,, cause it is a large and fast market ,, i do not like trading slow pairs cause they lift my blood pressure that i do NOT have hahahahahaha
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
Never said entry should be taken blindly, entry needs to be with some logic or reason, but if the market still goes wrong then we have good chance that market will come back and hit the TP. Trading without stops solves your exit problem now you just need to deal with the good entries and viola you are profitable and rich.
Wait what? how does no stop loss solve the exit problems?
It would be the opposite, having no stop loss would give you the best entries ever if you price average; however the only problem (if you get decent entries) would be to select the proper exit.
Dragon Rider
- #111
- Jul 15, 2018 7:47am Jul 15, 2018 7:47am
- Joined Apr 2015 | Status: Trader | 1,082 Posts
(.)(.) think first ...
- #118
- Jul 15, 2018 6:51pm Jul 15, 2018 6:51pm
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
Hello to all and thank you for your support to the idea....
if this advice is taken seriously I am sure many will be benefitted and lots of accounts will be saved and a lot of money will be made.
if this advice is taken seriously I am sure many will be benefitted and lots of accounts will be saved and a lot of money will be made.
Help Others with GOD help