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How to lose money

  • #121
  • Jan 21, 2019 7:44pm Jan 21, 2019 7:44pm
Quoting Rennaissance
Losing since last week, so frustrating. Have never seen eur usd volatility so low.
I recommend to stop trading until you see real profits from your current system.
  • #122
  • Jan 21, 2019 8:08pm Jan 21, 2019 8:08pm
Quoting skyway
{quote} I recommend to stop trading until you see real profits from your current system.
That's the last thing to do, especially now cause it tells me a big move is coming. When volatility contracts it is a signal that it will expand next and vice versa. Trading when your system starts working is equivalent to buying the Dow Jones after it has been rallying, you will always be late. I have more fait in my system in losing periods than in winning periods.
When you see it, BET big.
  • #123
  • Jan 21, 2019 11:23pm Jan 21, 2019 11:23pm
[quote=Rennaissance;11896740]I am starting this thread to help me and other fellow traders deal with losing periods. I must start by saying that one of the delusions we have as traders is the believe that one day we will find that magical strategy that works all the time and deliver consistent, painless profits to us. Well if you are still in that delusion, let me break it for you. The truth I have realised after 6years in the market and probably upward of 10000trades executed is this: you will lose money.
Let me ASSURE YOU ,,,,,,
I TOTALLY DISAGREE with this sentence u have put on the table ! ! ! ! !
Losses ???? ,,,, YES they WILL exist ,,,,,,, BUT ,,, very very minimal ,,,,,
Winning AND CONSISTENT ????? ABSOLUTELY and extremely high percentage also ,,,,,, i mean over 95% ,,,,
Maybe you have NOT as yet found your way to that level sir ,,,,,,
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #124
  • Jan 21, 2019 11:52pm Jan 21, 2019 11:52pm
Quoting skyway
{quote} I recommend to stop trading until you see real profits from your current system.
Go back to demo until you’re consistently profitable.
  • #125
  • Jan 22, 2019 1:43am Jan 22, 2019 1:43am
Quoting George AUS
Quoting Rennaissance
I am starting this thread to help me and other fellow traders deal with losing periods. I must start by saying that one of the delusions we have as traders is the believe that one day we will find that magical strategy that works all the time and deliver consistent, painless profits to us. Well if you are still in that delusion, let me break it for you. The truth I have realised after 6years in the market and probably upward of 10000trades executed is this: you will lose money. Let me ASSURE YOU ,,,,,, I TOTALLY DISAGREE
...
My bullshit meter is pretty high at the moment.
When you see it, BET big.
  • #126
  • Jan 22, 2019 3:09am Jan 22, 2019 3:09am
Quoting Rennaissance
{quote}{quote} My bullshit meter is pretty high at the moment.
Obviously u r NOT open minded and do NOT accept people NOT agreeing with what u say ,,,,,, BECAUSE
There is NO need for language that is unnecessary ,,, and a language i did NOT use in the first place ,,,
Good luck to u anyway buddy ,, i was ONLY trying to open ur eyes to something u have NOT seen or come across YET ,,, OBVIOUSLY ,,,,
Cheers,
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #127
  • Jan 22, 2019 3:21am Jan 22, 2019 3:21am
Ren what actual training have you taken.
  • #128
  • Jan 22, 2019 3:21am Jan 22, 2019 3:21am
Quoting Rennaissance
{quote}{quote} My bullshit meter is pretty high at the moment.
If you are really PICKY with your entries you can get a very HIGH winning percent...
“Stops don’t limit profits — they prevent disasters.”
  • #129
  • Jan 22, 2019 5:45am Jan 22, 2019 5:45am
Quoting Dagaco
{quote} If you are really PICKY with your entries you can get a very HIGH winning percent...
Keep dreaming.


High win rate means nothing, you can have a high win rate and still loose money.
When you see it, BET big.
  • #130
  • Jan 22, 2019 6:17am Jan 22, 2019 6:17am
Quoting Rennaissance
{quote} Keep dreaming. High win rate means nothing, you can have a high win rate and still loose money.
Of course you can loose money.., if you set a big stop loss and a very short tp..and I don't dream mate! im very awake .
Have a good day mate!
“Stops don’t limit profits — they prevent disasters.”
  • #131
  • Jan 22, 2019 6:26am Jan 22, 2019 6:26am
Quoting Rennaissance
{quote} Keep dreaming. High win rate means nothing, you can have a high win rate and still loose money.
Rennaissance

I asked this question in the TMS forum with no real replys, most are there losing money.

So - I will ask you this question.

How would you describe a profitable trader -
Trading thin liquidity at the boundary of the charts
  • #132
  • Edited 8:18am Jan 22, 2019 6:31am | Edited 8:18am
Quoting Dagaco
{quote} If you are really PICKY with your entries you can get a very HIGH winning percent...
Yes true but that is easier said that done!

Guys if everyone that is subscribed to this thread watched that video I posted a few posts back, you will understand that this market is NOT a level playing field. The price is being manipulated for perhaps 80% of the week. So out of 120 hour week that leaves approx. 20 hours on average when you can be trading. In that 20 hour window is the period when you must trade, and at NO other time!

So how does one know when that "window of opportunity" is? Well their are two factors.

One is that usually, just after the start of a new trading session, the banks press their buy/sell buttons and make their move and of course show their hand!! The best opportunities (and you are welcome to backtest this truth over the last 10 years in you want!), with this knowledge in mind, are very often just after the start of the European/London open which occur within one hour of each other. They usually work together with Frankfurt taking the price up or down to a suitable support/resistance level and then London taking it from there in a big move up or down. As this situation is very reliable and happens just about every day - if one truly wants to win at this game you absolutely have to take advantage of it!

Two is to use a technical indi to tell you when it's a good time to trade. A time when there is a buying or selling "frenzy" going on and at these times if you are trading in the right direction it's very unlikely that you will be manipulated out of your position. I use the CCI indi for this very purpose. Most traders do not understand the CCI indi and most think it's an oscillator! It's not. Set properly, it indicates periods of high momentum in the correct direction which is exactly when one wants to be entering a trade. I will post an image of this soon.
  • #133
  • Jan 22, 2019 8:16am Jan 22, 2019 8:16am
Quoting jmtini
{quote} Yes true but that is easier said that done! Guys if everyone that is subscribed to this thread watched that video I posted a few posts back, you will understand that this market is NOT a level playing field. The price is being manipulated for perhaps 80% of the week. So out of 120 hour week that leaves approx. 20 hours on average when you can be trading. In that 20 hour window is the period when you must trade, and at NO other time! So how does one know when that "window of opportunity" is? Well their are two factors. One is that usually,...
The problem is some days there is no direction set by London or New york traders. You will see this on the 5 minute chart on two days a week.
However saying that, you don't have to pick direction to be able to be profitable. Why to most traders follow trends for, it a waste of time.
I normally have over 100 trades on the market at any one time all controlled by EA's. Just back test a strategy over a year and trade the bloodly thing if it shows good results in testing.
Trading thin liquidity at the boundary of the charts
  • #134
  • Jan 22, 2019 8:50am Jan 22, 2019 8:50am
Quoting George AUS
{quote} Obviously u r NOT open minded and do NOT accept people NOT agreeing with what u say ,,,,,, BECAUSE There is NO need for language that is unnecessary ,,, and a language i did NOT use in the first place ,,, Good luck to u anyway buddy ,, i was ONLY trying to open ur eyes to something u have NOT seen or come across YET ,,, OBVIOUSLY ,,,, Cheers,
I am 100% open minded to try anything with a high winrate so let's hear it. I am sure there is something still out there that I might have missed in my attempt to make millions :-)
Staying in my lane...
  • #135
  • Jan 22, 2019 8:57am Jan 22, 2019 8:57am
Quoting jmtini
{quote} Yes true but that is easier said that done! Guys if everyone that is subscribed to this thread watched that video I posted a few posts back, you will understand that this market is NOT a level playing field. The price is being manipulated for perhaps 80% of the week. So out of 120 hour week that leaves approx. 20 hours on average when you can be trading. In that 20 hour window is the period when you must trade, and at NO other time! So how does one know when that "window of opportunity" is? Well their are two factors. One is that usually,...
I had ruled out oscillators over a decade ago when I was a noob losing money left,right and center. Lately, I am having a renewed interest is oscillators and creating a brand new (hopefully unique trend following that no one has ever seen) one of my own in futures. Please share if you could, what you mean by "Set Properly" ?
Staying in my lane...
  • #136
  • Jan 22, 2019 9:22am Jan 22, 2019 9:22am
Quoting RickM
{quote} Rennaissance I asked this question in the TMS forum with no real replys, most are there losing money. So - I will ask you this question. How would you describe a profitable trader -
A trader that makes money inconsistently consistent from the markets.
When you see it, BET big.
  • #137
  • Jan 22, 2019 9:29am Jan 22, 2019 9:29am
Quoting jmtini
{quote} Yes true but that is easier said that done! Guys if everyone that is subscribed to this thread watched that video I posted a few posts back, you will understand that this market is NOT a level playing field. The price is being manipulated for perhaps 80% of the week. So out of 120 hour week that leaves approx. 20 hours on average when you can be trading. In that 20 hour window is the period when you must trade, and at NO other time! So how does one know when that "window of opportunity" is? Well their are two factors. One is that usually,...
I don't think price is or can be manipulated. The market is just too wide and range to allow that possibility. On the contrary, the chances that you know something that millions of other people don't know is pretty slim. You are just one more variable in a gigantic noise of others.
When you see it, BET big.
  • #138
  • Jan 22, 2019 9:31am Jan 22, 2019 9:31am
Quoting RickM
{quote} The problem is some days there is no direction set by London or New york traders. You will see this on the 5 minute chart on two days a week. However saying that, you don't have to pick direction to be able to be profitable. Why to most traders follow trends for, it a waste of time. I normally have over 100 trades on the market at any one time all controlled by EA's. Just back test a strategy over a year and trade the bloodly thing if it shows good results in testing.
Because taking advantage of trends is how you make money In the markets. For you make money, the market needs to trend your way.
When you see it, BET big.
  • #139
  • Jan 22, 2019 9:34am Jan 22, 2019 9:34am
Quoting VEEFX
{quote} I am 100% open minded to try anything with a high winrate so let's hear it. I am sure there is something still out there that I might have missed in my attempt to make millions :-)
What you have sure missed is that you haven't missed anything. It is this very desire which is the cause of looses. The desire for life to be easy, the desire for trading to be easy. There is no secret in the markets for making money. If you don't believe me keep searching...
When you see it, BET big.
  • #140
  • Jan 22, 2019 10:29am Jan 22, 2019 10:29am
How to lose money?

There are many ways to lose.

This is one of my proven strategies.
I developed this strategy many years ago and it still works today and it will continue to work until the end of time.
(100% loss guarantee)

Attached Image


It's good that I don't use this strategy anymore.
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