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8 Years Later - Still Not Winning

  • #521
  • Nov 8, 2018 7:22am Nov 8, 2018 7:22am
“od as dufas is at making sense.
3) Go and read up what a martingale is to understand its profile. None of you morons have a clue what it is.
4) Stop trolling other people. If you can't comment with respect and openness then go pollute another forum”

I do know what a martingale is.
you are calling other ” morons” in a very aggressive way and yet you are telling me I troll other peoples and can’t comment with respect and openness and that I m polluting this forum ?!

That is exactly what you did all along...
LDFX Trading Ltd
  • #522
  • Edited 8:44am Nov 8, 2018 7:37am | Edited 8:44am
Quoting loleno
{quote} Thanks for your reply. I think you misunderstood. There is a world of difference between martingale vs adding on trades as part of a basket within predefined risk limits.

I don’t use it, but I always liked the idea to adding to winners.

As I said I don’t like pullbacks because it’s buying in a fainting momentum, but sometimes I do not have the choice because of the volatility, so yes obviously adding to a losing position is not my style but I can really understand it, you do average down your position, which might paid off in the long run, but better as averaging up or not averaging at all ?

It’s mostly about style and experience, and in mine, 100% of the loosing trades goes past the retracements, so the last thing I want is to jump on this train, while the best trades just don’t look back !
LDFX Trading Ltd
  • #523
  • Nov 8, 2018 7:41am Nov 8, 2018 7:41am
Quoting LDFX
{quote} Well, then maybe you should not have called it martingale, Martingale as I do understand it, is adding to losses without stop losses, by multiplying the entry size in order to avoid the loss by taking more risk. If your stop loss is in place and you do choose to average down your position when prise is retracing, be it, and yes it’s not martingale, but I already do not like much buying on pullbacks, I am certainly not a fan of averaging down, for obvious reasons, a thing I don’t do but certainly would prefer is averaging up. My meaning is...
true, noone call this martingale , its simple one position splitted in different parts, because this strategy dont have very good entry points, and so need to choose area trading and not price trading. however, some call things wrong. when there is a small setted SL (so only small loss in account after all orders closed) then its never ever martingale strategy...
  • #524
  • Edited 8:03am Nov 8, 2018 7:47am | Edited 8:03am
Quoting dukas_trader
{quote} true, noone call this martingale , its simple one position splitted in different parts, because this strategy dont have very good entry points, and so need to choose area trading and not price trading. however, some call things wrong. when there is a small setted SL (so only small loss in account after all orders closed) then its never ever martingale strategy...

I totally do understand the point, but why not averaging up instead of averaging down then ?

Because averaging down means buying at a weaker “optimal price” regarding your analysis, so when this price level has been violated you try to reward yourself by buying “in average” at a better price by adding to this position, at a price that is possible only because you were wrong at the first place...

I could go further by saying that all losses on down averaging were from retracements, however this is not possible on the prices that jump right away without any pullbacks, because buying on pullbacks and even worse “averaging down” prevent you from those big winners.
LDFX Trading Ltd
  • #525
  • Nov 8, 2018 7:52am Nov 8, 2018 7:52am
Quoting LDFX
{quote} I totally do understand the point, but why not averaging up instead of averaging down then ? Because averaging down means buying at a weaker “optimal price” regarding your analysis, so when this price level has been violated you try to reward yourself by buying “in average” at a better price by adding to this position, at a price that is possible only because you were wrong at the first place...
i dont like both, because always its much more win with one good placed order at one place. but when some dont have good strategies, area trading is maybe better for them, much less win, but maybe they can live with it. and its same , for averaging down or up.....(but up in good trend you are correct, but depends on your triggers to defind good trend on beginning....). the advantage in up is you can set each as new tradem, because old is already in win and you can secure it... but i am really more a fan of all trade amount in one place, maybe because its difficult enough to get many amount filled there...
  • #526
  • Edited 8:09am Nov 8, 2018 7:59am | Edited 8:09am
Quoting dukas_trader
{quote} i dont like both, because always its much more win with one good placed order at one place. but when some dont have good strategies, area trading is maybe better for them, much less win, but maybe they can live with it. and its same , for averaging down or up.....(but up in good trend you are correct, but depends on your triggers to defind good trend on beginning....). the advantage in up is you can set each as new tradem, because old is already in win and you can secure it... but i am really more a fan of all trade amount in one place,...

I am not sure I understood it all, but if so ;

Yes I don’t like averaging up or down, maybe for certain strategies it might be suitable but better averaging up than down IMO.

Also yes we could speak a while about entry triggers, because of the scalability for example, as well as the R:R:R, the limit order gives a better entry price without slippage but gives the risk to miss on skyrocket trades and buying loosing trades on fading momentum.

The stop order in the other hand means a confirmation from the momentum and can very well protect us with a trailing stop giving us a dynamic loss.
LDFX Trading Ltd
  • #527
  • Nov 8, 2018 8:02am Nov 8, 2018 8:02am
Quoting LDFX
{quote} I am not sure I understood it all, but if so ; Yes I don’t like averaging up or down, maybe for certain strategies it might be suitable but better averaging up than down IMO. Also yes we could speak a while about entry triggers, because of the scalability for example, as well as the R:R:R, the limit order gives a better entry price without slippage but gives the risk to miss on skyrocket trades and buying on fading momentum.
yes to all.
i only use limit, market is to risky with higher order amounts... because you only get whats there in the moment and you cant say anything against, so even a limit order with negative slippage to the actuall market price (so marketorder with some place protection) is the only way to know to get it for a max worst price, and only so all is possible to calculate very fast, if the risk is worth the price... and this style its filled near all the time very fast..
  • #528
  • Nov 8, 2018 8:24am Nov 8, 2018 8:24am
Anyway, martingale is just mortgaging, don’t mortgage your losses is all...
LDFX Trading Ltd
  • #529
  • Nov 13, 2018 1:28am Nov 13, 2018 1:28am
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...
And now Neesh, one year later? I am still looking for a competent and funny trading buddy. Do you happen to know someone? Much more exiting to trade together, as well as enriching in all sense of the word: humanly & moneywise
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #530
  • Nov 13, 2018 1:48am Nov 13, 2018 1:48am
well I haven't given up

made some adjustments to some bad habits
journaling trades as much as I can.
and being extremely patient.

Thanks for asking.
  • #531
  • Nov 13, 2018 1:14pm Nov 13, 2018 1:14pm
Quoting fx75
man its take me 12 years to start to win !
Are you serious?
how can you survive and over come?
  • #532
  • Feb 3, 2019 1:28pm Feb 3, 2019 1:28pm
Quoting neesh24
STILL NOT WINNING.
Hello,
I found your thread today. How are you my friend now? In breakeven, profit or whatsoever, ps let us know.
Thanks
  • #533
  • Feb 4, 2019 11:38pm Feb 4, 2019 11:38pm
If your losing money then stop trading and making the FX brokers richer. You can paper trade and learn without losing any money. Some brokerage houses even allow you to open demo trading accounts. During the gold rush it was said that the only people making money were the guys selling pick axes and shovels.
  • #534
  • Feb 5, 2019 4:18am Feb 5, 2019 4:18am
Quoting enochben
{quote} A lesson will repeat itself until learned meaning. Lessons are like the theory of reincarnation, they will repeat over and over again until you learn what it is that the universe wants you to know.
I totally agree on the matter. There might be a pattern or patterns that make you lose. You should focus on finding and changing them. And also why don't you try different spheres of life to grow in, this might give you an insight or trigger your growth.
  • #535
  • Edited 6:23am Feb 5, 2019 5:18am | Edited 6:23am
it depends how many HOURS you actually dedicate to this thing. in my experience it took me around 3000 hours to learn programming, analyse, backtest, demo test (always auto), plan etc.. and probably 50 hours of live manual trading to stop losing. I can't say I'm profitable because I'm still down about 7k euro... and recovery doesn't happen overnght when you use stop losses.. but overall I'm happy because I'm up 5% since the beginning of july

EDIT: it could have taken much less if I had ignored everyone from the beginning .
  • #536
  • Feb 6, 2019 1:30pm Feb 6, 2019 1:30pm
Quoting HeyYou
it depends how many HOURS you actually dedicate to this thing. in my experience it took me around 3000 hours to learn programming, analyse, backtest, demo test (always auto), plan etc.. and probably 50 hours of live manual trading to stop losing. I can't say I'm profitable because I'm still down about 7k euro... and recovery doesn't happen overnght when you use stop losses.. but overall I'm happy because I'm up 5% since the beginning of july EDIT: it could have taken much less if I had ignored everyone from the beginning .
Congratulations on becoming profitable.
  • #537
  • Feb 8, 2019 2:06pm Feb 8, 2019 2:06pm
Quoting salimc
{quote} Congratulations on becoming profitable.
Congratulations to you.. for being cool enough to read my post.

just sharing my thoughts and experience

I tried no sl, martingale, high risk per trade, low risk per trade... "because someone said it's better to..."

If I risk 1% / trade and the average frequency of trades is 2 /month, I'm an idiot.

if I risk 2% / trade and the frequency of trades is >10 trades/month... I'm a complete idiot.

If my account is small and the frequency of trades is low and I risk 2% / trade I'm an idiot...

so ?? we are all idiots... the important is to learn from our mistakes.
  • #538
  • Feb 8, 2019 2:21pm Feb 8, 2019 2:21pm
Quoting HeyYou
{quote} Congratulations to you.. for being cool enough to read my post. just sharing my thoughts and experience I tried no sl, martingale, high risk per trade, low risk per trade... "because someone said it's better to..." If I risk 1% / trade and the average frequency of trades is 2 /month, I'm an idiot. if I risk 2% / trade and the frequency of trades is >10 trades/month... I'm a complete idiot. If my account is small and the frequency of trades is low and I risk 2% / trade I'm an idiot... so ?? we are all idiots... the important is to...
In fact, everyone is an idiot unless he is making a consistent profit. lol.
  • #539
  • Feb 8, 2019 2:30pm Feb 8, 2019 2:30pm
Quoting salimc
{quote} In fact, everyone is an idiot unless he is making a consistent profit. lol.

yah man there are two things that talk: money and beer.

beer alone should be ignored... is this my case ? who knows lol
  • #540
  • Feb 9, 2019 4:17am Feb 9, 2019 4:17am
Quoting HeyYou
{quote} yah man there are two things that talk: money and beer. beer alone should be ignored... is this my case ? who knows lol
so was it a beer that was responsible for your failure? lol. How did u succeed?
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