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

  • #141
  • Aug 22, 2019 5:57pm Aug 22, 2019 5:57pm
Quoting robots4me
{quote} @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...
Um,
A little post to share a view regarding disclosing everything as a system or giving a helping hand.
As is.
Your memory doesn't serve you correctly, but that matters not.
I don't have a dislike to you. I have no feeling about you. Honestly.
Nor you are (or anyone else for that matter) is blocked by me. Even the occasional trolls not.
there is always, always another trade!!
  • #142
  • Aug 22, 2019 8:01pm Aug 22, 2019 8:01pm
Quoting robots4me
{quote} {quote} @Daniel2775 -- but why? Is it because you are concerned people would "abuse" it -- where "abuse" means they might profit? And, if you are concerned that people might profit, are you then concerned the MM would change its algorithms so that retail traders couldn't profit -- including yourself? How much profit would retail traders actually have to make in order to cause the MM to change its algorithms? I've read elsewhere where people state that no one would ever publish a profitable system -- and I wonder why. And I wonder where that...
It's perfectly fine to ask something like this, and I have always wondered the same about many "traders"

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,...
Hey Zoltan,

I don't agree with your "analogy" in the context of teaching & sharing pure KNOWLEDGE, as it's totally unrelated to material things. That's precisely the value of science and open-source technology for the benefit of all humankind... But you went to an extreme. In fact, a proper analogy would be "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime"... The real general problem, is that people tend to be very prideful and selfish about almost everything they do; often jealous of themselves, their possessions and "discoveries" (even if being only abstract/intellectual/theoretical/intangible/non-material). That's EGOtism, in a negative way.

Cheers!
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  • #143
  • Edited Aug 23, 2019 2:11am Aug 22, 2019 9:34pm | Edited Aug 23, 2019 2:11am
Having a metric heap of cash capital. Think of it as buying a liquid house.

A lot of people 'trade' but they are not doing much more than just reading the cover of the book. They cannot look inside the book because they don't know how to open a book. So while they might get lucky now and then their own personal psychology will be their undoing as they become so frustrated at not being able to open books.

So lets say they manage to open the book. But what then if it is in a different language? Can they learn this language? Maybe they can bluff their way through spannish but this world is a mandarin.

You're welcome.
grist for the mill
  • #144
  • Edited 11:43pm Aug 22, 2019 10:10pm | Edited 11:43pm
The Secret to Success and profitable trading - What is it?

Buy when the price rise in the future.
Sell when the price drop in the future.

Knowing when the price rise or fall in the future is the secret, like a time traveller.

If you know this secret why tell someone else ?
Why help someone else find this secret ?
Why do such a thing as help someone else when you can tell them outright ?

Read the motives behind the action, find the hidden answer.
What is the reward ?

Secret is bs, that's the reading public's natural response, it's hostile.
Secret and tell others is a contradiction.
  • #145
  • Edited 2:11am Aug 23, 2019 12:03am | Edited 2:11am
Hi
The member who start thread tell Secret to Success and profitable trading
if they genuinely want to help other trader they can share knowledge in single post. why to drag the thread day by day.
  • #146
  • Aug 23, 2019 12:50am Aug 23, 2019 12:50am
Hey, Daniel2775!! Don't reply to everyone who negatively demotivated you..Please carry on...and expose you valuable strategies......
  • #147
  • Aug 23, 2019 1:42am Aug 23, 2019 1:42am
Quoting Scott2locky
{quote} 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...
Hello, feel free to speak your mind. Everyone is entitled to say as they wish on the thread as long as it’s all constructive and about trading :-)
  • #148
  • Aug 23, 2019 2:12am Aug 23, 2019 2:12am
Quoting venkatredy
Hi The member who start thread tell Secret to Success and profitable trading until they get some good amount from innocent new traders. they would not share any information or knowledge.. in the name of secret they only suck money from new traders who r struggling. if they genuinely want to help other trader they can share knowledge in single post. why to drag the thread day by day.
If you wish to be part of the thread then I suggest you firstly read it. Secondly you clearly do not understand the thread. And also do you think I have time to spend every second of a day posting in one day months worth of information.

I never said said I was Sharing secrets. I never said what the secrets are and if there are any.

What i I can tell you is I could give my system my way of trading. But as many will tell you, you can give someone a fast car. But how long until they crash it and kill themselves or worse damage others.

If you continue to post things you have no understanding of them you will be ignored. And I don’t want to have to ignore anyone.
  • #149
  • Aug 23, 2019 2:13am Aug 23, 2019 2:13am
Quoting hasan4imam
Hey, Daniel2775!! Don't reply to everyone who negatively demotivated you..Please carry on...and expose you valuable strategies......
Don’t worry about me :-) nothing demotivates me anymore.
  • #150
  • Aug 23, 2019 2:14am Aug 23, 2019 2:14am
Ok everyone I’ve seen the minor disagreements.

Actually some good talking points but let’s all at least try an get on.

:-)
  • #151
  • Aug 23, 2019 2:16am Aug 23, 2019 2:16am
Quoting Aussi
{quote} thanks mate
Hope you are ok and it’s nothing serious
  • #152
  • Aug 23, 2019 2:25am Aug 23, 2019 2:25am
Quoting Daniel2775
{quote} Hope you are ok and it’s nothing serious
blood pressure stuff mate making me dizzy new meds so today much better thank you mate
people leave, but this thread will go on for ever
  • #153
  • Aug 23, 2019 2:29am Aug 23, 2019 2:29am
Quoting Daniel2775
{quote} 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

Thanks very much for replying. Another question if you don't mind - do you "release" the hedge at a particular place in the TMA on the timeframe your trading?

thanks
life is a reflection of what we allow ourselves to see
  • #154
  • Aug 23, 2019 4:05am Aug 23, 2019 4:05am
Hi, so the next part of our topics is going to be the basics of MT4 and what indicators should I use?

I would like people to get involved with there thoughts.

I can tell you my charts are very clean. I use only 1/2 indicators. And I only use these to help with entry.

But this is not the be all and end all. The main thing I’m looking at is price action.

a naked chart is very easy to trade off if you can spot what’s going on. I am a strong believer in Geroge and mr D. That the market is manipulated. Because how many times have we all placed a trade long. Stops below the daily lows. Price moving up nicely.

Then price shoots down takes everyone out and continues up!

Its all a game. This is a money machine and it’s designed to take as much money from people as it can. And no it’s not all about us small retail traders but that is factored into the algo.

You have the big banks and big players all playing the same games.

So so if you are new. Advice is keep charts clean: don’t go looking for the holy indicator as it doesn’t exist. Depending on your strategy use non repainting. But some strategy’s are fine with repainting.

If anyone doesnt know what non repainting is then then it means that it doesn’t repaint precious parts of the indicator based on future price movement.

Many do this. So when you go back on a chart with a repainting indi. All the entry’s look amazing. Then you try it live and you lose!

I would strongly recommend a custom ea for your preferred money management. Also make sure you get your risk per trade correct depending on what you are trying to achieve. There are many ways to do this. Nothing that anyone tells you is better than you deciding yourself as it’s controls your emotion.

How much can you risk without being emotional? How much can you risk on a trade if your entry is 90%

what about if your entry is 50% or 60%.

For me the more probability I have the higher risk I can take. But remember that even with a 90% entry you can still have a bad run. So if this has been proven over 8000 trades then stick with it. Don’t drop the strategy.

Personally my I feel the main cause of failure is lack of understanding in the market. Changing systems every week. Not recording trades and being able to review.

Every single Sunday I review every one of my trades win or lose.

I have a spreadsheet where I enter things like. Reason for exit, rules met, max pips possible, notes so that I can enter what I see after the event. And on the losing trades I do just the same. If you do this I guarantee 60% of trades losing trades you will soon see are faults of your own for not sticking to the rules.

The last thing is MT4- who really knows how to use it properly when starting out. How many people take time to watch how to videos? Because there are so many things you can do. Like having multiple terminals installed on Dropbox that you can access for any pc.

Mobile apps

alerts

etc etc. I would really recommend before trading know your tools.

Hope this helps until monday.

The topic for Monday will be about strategy
  • #155
  • Aug 23, 2019 4:06am Aug 23, 2019 4:06am
Quoting Aussi
{quote} blood pressure stuff mate making me dizzy new meds so today much better thank you mate
Good to hear well trading won’t be helping that blood pressure! . But on the other hand maybe it will now because you seem at ease with it all
  • #156
  • Aug 23, 2019 5:20am Aug 23, 2019 5:20am
Every day a winning day
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  • #157
  • Aug 23, 2019 5:32am Aug 23, 2019 5:32am
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  • #158
  • Aug 23, 2019 5:34am Aug 23, 2019 5:34am
Many people get distracted from there goals. Focus is key in any business
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  • #159
  • Aug 23, 2019 5:47am Aug 23, 2019 5:47am
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  • #160
  • Aug 23, 2019 6:26am Aug 23, 2019 6:26am
Hi Daniel,
Will you provide me the EA or Signals or trade copy. Or if you can manage the account is also fine. Please let me know.

Thanks in Advance,
Sudheer.
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