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The Secret to Success and profitable trading - What is it?

  • #121
  • Aug 22, 2019 2:46pm Aug 22, 2019 2:46pm
Quoting profitfarmer
{quote} Just a random thought, maybe... You see a homeless, may give him 5$, or even a 20... Do you care to lend him your house or car, and co-sign a credit car too... Effective give away all you have and you have worked for? Or should that 5-20$ do, help with a meal, maybe to a shower, and from there on let the homeless get off his/her us and do the work If he want more in life than an occasional meal? After all you did your work, and keep doing it...and by large not to achieve world peace, but to support yourself and your family. A good deed,...
Would probably say this is one of the most well said things I’ve read so far!

I couldn’t explain it much better!
  • #122
  • Aug 22, 2019 2:46pm Aug 22, 2019 2:46pm
Hi Daniel, well done on your thread. I have a question, do you wait for the original trade to go into a loss before you hedge it?
life is a reflection of what we allow ourselves to see
  • #123
  • Aug 22, 2019 3:09pm Aug 22, 2019 3:09pm
Quoting Daniel2775
{quote} Hi no problem. Don’t worry all will become clear. I won’t be sharing my exact hedging plan because it’s part of my money management but I will be helping others develop their own ways of hedging.
Didn’t ask for any exact details, don’t be afraid of that. Good luck in what you are trying to achieve here...
  • #124
  • Aug 22, 2019 3:11pm Aug 22, 2019 3:11pm
There is no such thing as "THE secret" to success. There are MANY secrets. Countless secrets.
Of course, You don't need to know all of them to beat the market but....you have to know a lot.

For the most part, success in trading is the result of smart work (not hard work) and a bit of luck.
Inserted Video
  • #125
  • Aug 22, 2019 3:11pm Aug 22, 2019 3:11pm
Quoting robots4me
{quote} I had asked a question whether "helping" others means only up to a certain point. And, if only up to a certain point, then why?
Maybe because he doesn’t need some virtue signaling stranger(s) to help him define the degree of help he should provide and whether it meets their expectations.
  • #126
  • Aug 22, 2019 3:36pm Aug 22, 2019 3:36pm
Quoting Daniel2775
{quote} So my personal reason for it is due to the fact that I’ve worked hard on it lost much sleep. Put my health at risk and broken a marriage to make it successful. Why hat would I give someone else it for free when I have put the work into it. And also it holds to much value to sell it. Because yes I could make quick money but then long term I have an edge that could be much much more in years to come. Anyone that does make it shares with a select few and I understand why. Its nothing to do with algos because they chnage one side then profit...
@Daniel -- fair enough -- I understand. Thanks for taking the time to respond.
  • #127
  • Aug 22, 2019 3:47pm Aug 22, 2019 3:47pm
Quoting Scott2locky
{quote} Maybe because he doesn’t need some virtue signaling stranger(s) to help him define the degree of help he should provide and whether it meets their expectations.
@Scott2locky -- you wouldn't still be upset with me because you were offended for being called-out for a condescending, arrogant comment a few months back, would you?

BTW -- wtf does "virtue signaling stranger" mean. I asked a question of @Daniel2775 claiming to help but then acknowledging it would only go so far. And @Daniel2775 gave a nice response and explained his point of view. And now you are Lancelot coming to his rescue? I suspect @Daniel2775 can handle himself. Once again, your condescending arrogance seeps out -- and I understand you can't help it.
  • #128
  • Edited 4:28pm Aug 22, 2019 3:56pm | Edited 4:28pm
Quoting robots4me
{quote} @Scott2locky -- you wouldn't still be upset with me because you were offended for being called-out for a condescending, arrogant comment a few months back, would you? BTW -- wtf does "virtue signaling stranger" mean. I asked a question of @Daniel2775 claiming to help but then acknowledging it would only go so far. And @Daniel2775 gave a nice response and explained his point of view. And now you are Lancelot coming to his rescue? I suspect @Daniel2775 can handle himself. Once again, your condescending arrogance seeps out -- and I understand...
I'm happy your coding skills are better than your ability to debate.

The original quote was your reply to tiborf71 not to @Daniel2775. C'mon, try to keep up. Unlike you, I have the mindset of a male in that I don't allow emotions to rule me but use truth and critical thinking first.
  • #129
  • Aug 22, 2019 3:59pm Aug 22, 2019 3:59pm
so the idea is to entice people to buy your entire "system '....the one with such high personal cost to you....so you are a commercial member? ....third guy I have seen do this in the last few months
  • #130
  • Aug 22, 2019 4:20pm Aug 22, 2019 4:20pm
I have no problem spelling out a profitable trading system to other traders and still do to this day on another forum.

Why?

Because 99% of traders are not disciplined enough to follow anything, traders just think they can add something better and destroy what was a great system.

Nice thread Daniel
Trading thin liquidity at the boundary of the charts
  • #131
  • Aug 22, 2019 4:42pm Aug 22, 2019 4:42pm
Quoting RickM
I have no problem spelling out a profitable trading system to other traders and still do to this day on another forum. Why? Because 99% of traders are not disciplined enough to follow anything, traders just think they can add something better and destroy what was a great system. Nice thread Daniel
well said , i have a thread people see what i earn then want to know how i trade , now on the thread it does tell them what i do its simple but how many traders read the thread if they do its a fast skim , then i get asked the question "" how do you trade "" so what you write is totally correct
people leave, but this thread will go on for ever
  • #132
  • Aug 22, 2019 4:59pm Aug 22, 2019 4:59pm
Quoting mikeeating
Hi Daniel, well done on your thread. I have a question, do you wait for the original trade to go into a loss before you hedge it?
Hey, cheers.

So its unlike hedging you think. Think of it more like a basket of trades.

But yes I have 2/3 trades go against me out of 10. Those go into hedging. Those baskets within 24 hours or less are profitable. Every time
  • #133
  • Aug 22, 2019 5:00pm Aug 22, 2019 5:00pm
Quoting Scott2locky
{quote} I'm happy your coding skills are better than your ability to debate. The original quote was your reply to tiborf71 not to @Daniel2775. C'mon, try to keep up. Unlike you, I have the mindset of a male in that I don't allow emotions to rule me but use truth and critical thinking first.
Quote
Unlike you, I have the mindset of a male in that I don't allow emotions to rule me but use truth and critical thinking first.
Usually we allow others to decide how wonderful we are -- but I guess there is no law against listing them yourself. And for a male with those qualities who has been a member of FF for over 6 years I'm sure your contributions must be many. Care to list, let's say, 3 examples?

And you would claim that condescension and arrogance aren't the primary tools in your toolbox? You're a self-parody and can't see it.

@Scott2locky -- I understand your feathers were ruffled a few months back, but let's let it lie. It's disrespectful to @Daniel2775 and his thread for us to revisit our old baggage. But if you prefer to carry on and @Daniel2775 doesn't mind then I'm glad to accommodate you. I asked a question, @Daniel2775 was gracious enough to answer, so I'm good.
  • #134
  • Aug 22, 2019 5:01pm Aug 22, 2019 5:01pm
Quoting alphaomega
There is no such thing as "THE secret" to success. There are MANY secrets. Countless secrets. Of course, You don't need to know all of them to beat the market but....you have to know a lot. For the most part, success in trading is the result of smart work (not hard work) and a bit of luck. https://www.youtube.com/watch?v=O5EsNV-gyr8
Hi yes there are many secrets that everyone has there own. But I would say the luck comes with who you meet as you grow. Trading properly and correctly doesn’t involve luck when you get to where you need to. :-). But I do get your point
  • #135
  • Aug 22, 2019 5:06pm Aug 22, 2019 5:06pm
Quoting RickM
I have no problem spelling out a profitable trading system to other traders and still do to this day on another forum. Why? Because 99% of traders are not disciplined enough to follow anything, traders just think they can add something better and destroy what was a great system. Nice thread Daniel
Agreed. I am literally at a point now where I could take a strategy and win from it. Because it is all about control. Not taking trades is a position and to do that takes discipline. And yes that is why 99% fail. Because rules do not get followed. Also traders follow people for a few weeks get bored move on. Go around and around. And in the end realise if they would have stuck with one system good and bad they would be profitable! Or at least breakeven.

Thanks for adding to the tread. This is exactly why I started it for input like a few of you guys have added today
  • #136
  • Aug 22, 2019 5:12pm Aug 22, 2019 5:12pm
Quoting profitfarmer
{quote} Just a random thought, maybe... You see a homeless, may give him 5$, or even a 20... Do you care to lend him your house or car, and co-sign a credit card too... Effective give away all you have and you have worked for? Or should that 5-20$ do, help with a meal, maybe to a shower, and from there on let the homeless get off his/her us and do the work If he want more in life than an occasional meal? After all you did your work, and keep doing it...and by large not to achieve world peace, but to support yourself and your family. A good deed,...
@profitfarmer -- thank you. It's always nice to read a post from you that goes over my head. Your logic and analogies have always escaped me, but you already knew that.

A while back you had requested I leave you out of the discussion -- and I've respected that. And I assumed that meant both ways. But if you want to engage with me then I'm fine with that -- just don't keep running away each time I pose a question you can't / won't answer. However, I would prefer to let things lie and not let our dislike for one another interfere with @Daniel2775's thread.

Quote
The real IP isn't a code line, but the logic that goes behind it!
Really? Coming from you that's kinda funny. If my memory serves me right it wasn't so long ago you were singing a different tune. Considering you're a very profitable trader and a man of means, and considering that coding is irrelevant, then I'm sure by now you've been able to hire a programmer to implement your idea for an EA. After all, "The real IP isn't a code line, but the logic that goes behind it!".
  • #137
  • Aug 22, 2019 5:13pm Aug 22, 2019 5:13pm
Quoting Aussi
{quote} well said , i have a thread people see what i earn then want to know how i trade , now on the thread it does tell them what i do its simple but how many traders read the thread if they do its a fast skim , then i get asked the question "" how do you trade "" so what you write is totally correct
Fully agree you can give someone the system exactly the same but they will never get the same results. Mainly because it’s getting out that’s emotional.

People want to hold a trade and hoping for the big one! Instead of taking small consistent gains with tight money management.

Thanks for sticking to the topics it will really help tell a story as the thread moves.

The whole ole point of this it’s not about the system. It’s about you as a person.

Which is why I posted this....

so example from your point. I know of a guy that has a successful training business. Also is successful in trading.

Now he he has a very simple but effective strategy. Scalping. There are rules for when you can take trades and once you know the rules it’s very simple. His system even gives arrows.

In the live 1/2 week webinars. There are 100s of traders all following the same trades.

Every single traders get a different result. Some lose some do ok. But no one comes close to his results.

Now why why is that? Because some people let the trades go on. Others cut too short people don’t stick to the rules they lose and over trade lose more and then wipe the account.
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  • #138
  • Aug 22, 2019 5:15pm Aug 22, 2019 5:15pm
Quoting milicentfx
so the idea is to entice people to buy your entire "system '....the one with such high personal cost to you....so you are a commercial member? ....third guy I have seen do this in the last few months
Nope as I pointed out I’m selling nothing never would sell my ea. As I said it’s worth too much to sell. It’s my ea for my trading. Developed based on my manual trading.

Im happy to post my results but will never ever sell a product
  • #139
  • Aug 22, 2019 5:20pm Aug 22, 2019 5:20pm
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  • #140
  • Aug 22, 2019 5:35pm Aug 22, 2019 5:35pm
Quoting robots4me
{quote} {quote} Usually we allow others to decide how wonderful we are -- but I guess there is no law against listing them yourself. And for a male with those qualities who has been a member of FF for over 6 years I'm sure your contributions must be many. Care to list, let's say, 3 examples? And you would claim that condescension and arrogance aren't the primary tools in your toolbox? You're a self-parody and can't see it. @Scott2locky -- I understand your feathers were ruffled a few months back, but let's let it lie. It's disrespectful to @Daniel2775...
Sorry @Daniel, this will be my last response to R4me, but he certainly likes to get on his soapbox to point out what is wrong with others while embracing those exact qualities that he projects. Of course delete this if needed. I won't be "offended."

“Usually we allow others to decide how wonderful we are” - Only if you are a teenage girl living your life through likes.

“Male with those qualities who has been a member of FF for over 6 years I'm sure your contributions must be many” - What do the qualities of truth and critical thinking have to do with the number of contributions on FF? That is a non sequitur. I guess you are the arbiter of worth here on FF. You must code with a lot of bloat because you are not very linear in your thinking.

"You're a self-parody and can't see it"-Wow,ANOTHER ad hominem attack. Commonly used when someone is unable to actually make a logical point.
Since you are unable to reply to concepts but just use personal attacks to deflect, I will ignore any further posts from you.
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