Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Live forex trading & chat 7 replies

Charts Heads-up for Pro Forex Trading Chat Room 108 replies

Attachments: General Trading Chat / Ideas
Exit Attachments

General Trading Chat / Ideas

Guys I have a question that has bothered me for a long time.
Can a traders make 5 trades a week and get all predictions correct?
i mean Monday, Tuesday, Wednesday... Friday. 5 trades all accurate. Please, your opinion will be most appreciated.
yes it is possible but loosing trades come though , you dont have to be correct all the times ,
Quoting Okpala1988
Guys I have a question that has bothered me for a long time. Can a traders make 5 trades a week and get all predictions correct? i mean Monday, Tuesday, Wednesday... Friday. 5 trades all accurate. Please, your opinion will be most appreciated.
Yes
ex nihilo
Quoting Okpala1988
Guys I have a question that has bothered me for a long time. Can a traders make 5 trades a week and get all predictions correct? i mean Monday, Tuesday, Wednesday... Friday. 5 trades all accurate. Please, your opinion will be most appreciated.
Why not?
Quoting yareck1
{quote} Why not?
Okay
Quoting Okpala1988
Can a traders make 5 trades a week and get all predictions correct? i mean Monday, Tuesday, Wednesday... Friday. 5 trades all accurate. Please, your opinion will be most appreciated.
First of all, there is no need to predict markets.

Secondly, I'm not saying you're not a successful trader, but successful traders who make it in this business long-term understand the following:

Monday: Wrong (Loss) $200
Tuesday: Wrong (Loss) $200
Wednesday: Wrong (Loss) $200
Thursday: Right (Win) $400
Friday: Right (Win) $400

Total: $200

You don't have to be right all the time. In fact, you can be wrong more times than you're right and still make money. As long as your wins are proportionately greater than your losses. Rather than focusing on being right all the time, it behooves a trader to focus on cutting losses (in dollar amounts) to a minimum, while increasing wins (in dollar amounts) to more than offset the losses.

Think of trading like baseball. A lifetime .333 hitter is almost a lock for the Hall of Fame. But .333 essentially means the player did not get a hit 2/3 of the time he was up to bat.

Put your ego aside. Don't take losses personally. Let the market know you aren't going anywhere because you hit for average....
Wyckoff VSA: (1) Supply vs Demand (2) Effort vs Result (3) Cause vs Effect
15/7/2019.
NZDCAD+
Going to try to short EA at 6100
ex nihilo
Quoting Oc6oph
Going to try to short EA at 6100
okay.
Going to try to buy EURUSD at 1215 might buy at 1238
ex nihilo
Attached Image (click to enlarge)
Click to Enlarge Name: 622EB3F2-B460-47B7-9EC1-187536A00FEE.jpeg Size: 113 KB
ex nihilo
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 49 KB
Buy limit 1234 EURUSD
ex nihilo
Doesn’t look like EA is going to 6100 might short sooner
ex nihilo
Short EURUSD 1.12759
ex nihilo
Short EURAUD 1.60257
ex nihilo
Quoting Oc6oph
Short EURUSD 1.12759
Agree, Vlad. But I will hold my enter for a while, because I have to put SL above 1,1300-1,1310.
"I feel strong because I am bul..."
Quoting bigiivan
{quote} Agree, Vlad. But I will hold my enter for a while, because I have to put SL above 1,1300-1,1310.
I thought you was buy
ex nihilo
Quoting HiddenGap
{quote} First of all, there is no need to predict markets. Secondly, I'm not saying you're not a successful trader, but successful traders who make it in this business long-term understand the following: Monday: Wrong (Loss) $200 Tuesday: Wrong (Loss) $200 Wednesday: Wrong (Loss) $200 Thursday: Right (Win) $400 Friday: Right (Win) $400 Total: $200 You don't have to be right all the time. In fact, you can be wrong more times than you're right and still make money. As long as your wins are proportionately greater than your losses. Rather than focusing...
Don't understand baseball, but agree with the math!!!
4&1 All Time Profit: $37,301
Quoting Oc6oph
{quote} I thought you was buy
I will hold my buy trade for a weeks. Waiting for a 1,15-1,20. Will see! But I will short for today (tomorrow). It is exhausted I think. It needs to correct.
"I feel strong because I am bul..."
0 traders viewing now