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General Trading Chat / Ideas

  • #3,361
  • Jul 14, 2019 3:04pm Jul 14, 2019 3:04pm
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.
  • #3,362
  • Jul 14, 2019 3:09pm Jul 14, 2019 3:09pm
yes it is possible but loosing trades come though , you dont have to be correct all the times ,
  • #3,363
  • Jul 14, 2019 3:12pm Jul 14, 2019 3:12pm
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
  • #3,364
  • Jul 14, 2019 3:12pm Jul 14, 2019 3:12pm
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?
  • #3,365
  • Jul 14, 2019 3:13pm Jul 14, 2019 3:13pm
Quoting yareck1
{quote} Why not?
Okay
  • #3,366
  • Jul 14, 2019 3:54pm Jul 14, 2019 3:54pm
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....
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #3,367
  • Jul 14, 2019 4:07pm Jul 14, 2019 4:07pm
15/7/2019.
NZDCAD+
  • #3,368
  • Jul 14, 2019 4:11pm Jul 14, 2019 4:11pm
Going to try to short EA at 6100
ex nihilo
  • #3,369
  • Jul 14, 2019 4:15pm Jul 14, 2019 4:15pm
Quoting Oc6oph
Going to try to short EA at 6100
okay.
  • #3,370
  • Edited 4:36pm Jul 14, 2019 4:21pm | Edited 4:36pm
Going to try to buy EURUSD at 1215 might buy at 1238
ex nihilo
  • #3,371
  • Jul 14, 2019 7:00pm Jul 14, 2019 7:00pm
Attached Image (click to enlarge)
Click to Enlarge Name: 622EB3F2-B460-47B7-9EC1-187536A00FEE.jpeg Size: 113 KB
ex nihilo
  • #3,372
  • Jul 14, 2019 9:59pm Jul 14, 2019 9:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 49 KB
  • #3,373
  • Jul 14, 2019 11:06pm Jul 14, 2019 11:06pm
Buy limit 1234 EURUSD
ex nihilo
  • #3,374
  • Jul 15, 2019 1:04am Jul 15, 2019 1:04am
Doesn’t look like EA is going to 6100 might short sooner
ex nihilo
  • #3,375
  • Jul 15, 2019 1:57am Jul 15, 2019 1:57am
Short EURUSD 1.12759
ex nihilo
  • #3,376
  • Jul 15, 2019 2:10am Jul 15, 2019 2:10am
Short EURAUD 1.60257
ex nihilo
  • #3,377
  • Jul 15, 2019 2:24am Jul 15, 2019 2:24am
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.
  • #3,378
  • Jul 15, 2019 2:28am Jul 15, 2019 2:28am
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
  • #3,379
  • Jul 15, 2019 2:30am Jul 15, 2019 2:30am
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: $37,496
  • #3,380
  • Jul 15, 2019 2:34am Jul 15, 2019 2:34am
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.
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