I'm a losing trader - My strategy on how to change that

Hey guys.

I've been trading for approx 5 years. I've either been losing or breaking even over the long term.

I used to use an ea with which I tripled my account. RR was 20 - 1. So a few losing trades blew all my profits and left me back at square on. Took over a year to do that though.

My manual trading is pretty lame. I just lack discipline and can't be in front of the charts at the right time.
I don't record my trades. My RR is random. I'm not treating it like a business.

So i'm going to change that. And hopefully some other losers like me will find my methods useful and maybe able to copy them.

Basically I want to pay some to teach me better. But I know what they will tell me to do. So I will do that first before spending crazy amounts of money to get a coach.
So first I will:
- Use a simulator like a freaking maniac. Every day for 1hr minimum
- Use a trading journal.
- Use proper risk reward strategies. But first I will use 1-1 so that I can get a good gauge of my success rate.

I plan to trade live but only use 0.01 lots. Just to practice, though I will be doing it at specific times, such as after market opens. I do not want to be tied to the live charts because that is not sustainable.



I plan to document my progress on youtube. I will be doing this to keep me honest, and as a method of self reflection.
I would appreciate a like and subscribe on my channel if you want to inspire me.
I would appreciate comments and any motivation you guys have for me.


My first improve my trading video

I'm coming up with ideas:

I plan to back test my strategies 100x and then use a simulator.
I am putting together a check list based on my results.
I plan to use my youtube account to keep me real.

Most low risk profitable strategy I know if is to trade a crossover strategy. But don't enter exactly on the crossover, enter on a pullback to the moving averages.

You say R1... That's a start. But I don't wanna limit myself to limited profit per trade, so I suggest R1 or better.
Often if my SL is 10 pips I'll take profit on half only, at 10 pips if I think the trade can go further. If I get stopped out it's essentially break even since I already profited on half the position.

I rarely hold this long because I'm not patient either but this setup was good for a 200 pip drop

The moving averages I use are ema26 and ema100

Thanks I will do some testing and see what I get

After some initial testing it is a difficult method to follow.
it seems to require a fair bit of trader discretion to take the trade

Man you are a joke.
After 5 years of failure now you are attempting to cash out on YouTube.
GTFO. People like you should be banned for adding more trash on ff.

You will not make money consistently with all these strategies.

If you think the large banks and institutions execute their trades because RSI or stochastic is oversold or MACD croses, then you are highly mistaken.

Learn how to see and understand market maker moves and you will rarely have a loosing day.

All the information is on the internet.

Steve Mauro's Asian consolidation and M and W patterns is a good start. And combine it with market structure.

Do you have 5 years of experience or only 1 year or so combined throughout the 5? What aspects of trading do you understand well? Dont understand? What aspects would you say your competent in? Take inventory of your skills and what you need to work on. Most strategies take a certain level of all around competence.

Thanks man.
Your great at helping a man feel good about himself.

I'm doing the youtube thing to make myself a better trader. Putting the work into the vids, means I put more work into trading.

well... i will be honest with you ... may i sound rude but hope you understand .
5years is nothing personally i spent 10 years .

second .. don't believe anyone in that career most are liars and pretend they are winners... also dont waste time reading posts like turn 10$ to millions .. turn 100 to 2000000000$ in 2 days ... also dont waste your time watching same that things at YouTube or how dollars out of my butt and all that bullshit.

let me just tell you something just last year i turned 10$ to 8000$ .. i turned other 10$ to 3000$ . I turned other 10$ to 2000$ .. i tried to build capital quickly .. but believe me what come fast go fast .. when you start gambling no matter how much you making you going to lose at the end Because you turned to gambler not trader . And don't listen to any other shits like withdraw part of profit and continue blah blah blah ..

Forget fast rich scheme .. just gain skills and money will come to you (believe me thats work).

forget that amazing strategy that going to work with all pairs & all time frames .. you have to understand not all strategies working with all pairs or all time frames .

Take business seriously... recording everything at journal help you to know all possibilities and help you to adapt best money management eyc etc..

adapt strategy that only fit your life style and help you to take decisions easly without being confuse or fear from taking trade.

be as robot when you trading . Never be emotionaly.

never force market to give you trade (or try to convince yourself there is trade where there's not)

no matter how much you lost. Dont revenge. Everytime you open mt4 just consider current balance as if was your initial deposit .

be honest with yourself . Don't cheat yourself.

have to understand it's not simple career .. it's take time and serious effort.

don't try to achieve high results and take high risks just for impress and get subscribers here or youtube or anywhere. Subscribers most of them licking shoes if you successful and can get benefits from you but they will throw you away when no benefits . Most of them fake and not real friends.

again my last advice stay away from all bullshit. . You will surprise how people are so liars and telling lies about there success at facebook & YouTube .. and how they are so good at telling lies and make it like real.

forget making 100% or 200% per month. If you can make 10% monthly you are superman.

accept what market giving you .5%..10%.. 50% etc

never trust at someone at youtube or any media who keep telling alot strategies & alot tools& alot indicators .. real traders can spend years just for master one thing ... so if you found someone doing that don't even waste time listen or watching them.

Don't listen to people who talking most of time about secret algorithms and technical never work etc etc .. they just lazy butts that can't put effort & time to study things and how can benefits from it.

that career full of fake people who getting money from YouTube and from their lies .. and others gamblers who just want a lot of attention for their ego .

that's why best thing is close room of your door and stop listen to all shits and work over yourself .. most successful traders not stay around because shits that became everywhere without mention alot of rude people around that not deserve any help

That is 10 years experience ... take it or throw it away.

Trolls&idiots if you don't like my post ignore it because i get enough from shits.

Hey thanks Man. And thanks for sharing, your experience and advice.

I'm still trying and really focusing on my trading right now. The youtube vids are a way of keeping me going and keeping me practicing. Since I started putting them together I've been practicing and simulation trading most days. Annoying thing is - i am profitable by a lot in the simulation trading regardless of time frame or style. just pulling it together on the live market... Not so much.

Gotta keep grinding LOL

at my long journey i almost never used demo account more than one week ... i was always used real accounts... cents or tiny accounts with 10$&5$ etc for practice or experiment.

I am currently only trading 0.01 lots as well. Since I am often only on the smaller time frames that means I only win/lose $1-$10

Hi Mate

Was attracted to your thread because what's happened to you is depressingly familiar and one thing that you can be sure of - if only the vast majority of guys on these threads would admit it, it's happening or happened to just about everyone! Don't worry about trolls and other virulent individuals poping up and berating you. One thing I discovered a long time ago is that there are an awful lot of unhappy people on these threads - losing your shirt on a trade is never going to make you feel like a happy bunny and with some, by taking out their anger and frustration on other poor traders it sort of gives these misfits a boost - it's sad but happens all the time I'm afraid. Don't tell everyone the real truth on these boards - tell everyone that you're star trader and you've just made a million dollars and you're an instant hero!!

After almost 10 years of trading I've learnt one inescapable truth. Before you start trading, before you download any platform or fund a live trading account you've got to make a decision. Am I trading for fun and with money that I'm happy to lose or do I want make a living (or at least a good monthly income) out of my forex trading? For the vast majority of us small traders we have no choice but to go for the first option. No choice unless you have the kind of money to fund your account with an amount necessary to make the second option viable. It's comes down to simple logic and simple maths. As any experienced trader will tell you, if you can make 10% a month you are indeed a supertrader! If you can make 5% a month on a regular basis you're a very good trader. If you're looking to make $500 or $600 a week from forex trading, obviously you need a minimum account balance of $50000. If you have that kind of money and a good trading system as well as good MM habits then you're well on your way

As JsCave so aptly points out above, forget or ignore the bullshit that you hear about some guy who's made "killing" in this market. Sure he might have made a killing on one big trade but is he doing it consistently? And that is the operative word:consistency! Check back with the guy a month or two down the line and I guarantee to you that he's emptied his account. Yep, the truth is that it's NOT about making big bucks it's all about making small bucks (relatively) on a consistent basis.

Don't concentrate so much on finding the best trading system or the perfect setup. Most of the trading systems available on these boards are actually OK. They all work - so what is the problem? The problem is YOU, ME, US - yep we are the problem! We're human and we have emotions, one of which is FEAR. And fear is the killer in this game!! FOMO (fear of missing out), fear to actually enter what looks like a great trade because we're looking for the perfect entry position, fear to let the trade run to it's full potential, fear causing us cut a winning trade way too early. And it's fear that causes us to cut a losing trade way too late! Yep no trading system or strategy will help UNTIL that problem is conquered . And it afflicts every single one of us. Don't think for a moment that you're immune unless you're a robot of course!

Lastly, watch and really take to heart what the guy says in this video. It's long but his advice if heeded is excellent: