What I learned after losing $300,000 trading forex | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Your and My Lessons Learned Losing and Gaining in Trading 5 replies

things you learned from forex and improved your life 12 replies

The most important lesson’s I’ve learned trading Forex, so far... 15 replies

Attachments: What I learned after losing $300,000 trading forex
Exit Attachments

What I learned after losing $300,000 trading forex

  • #441
  • Edited 10:44am Aug 8, 2020 10:24am | Edited 10:44am
Quoting driven18
{quote} You people are just full of "apologies". Trade and let your record show who is right and who is wrong, i e. "Show me the Money". That would be the best antidote against naysayers and "wannabes." Here are Nasdaq CFD's 5 min TF - 3 winners 1 BE. I intentionally removed my indi's. {image
Yeah, that is exactly what I want to avoid. Show me the money for how long?

We are back to the fooled by randomness FACT that most of the retail traders suffer from.

in 2011 to 2013 I actually made approx 50,000 trading fx in 2013 I gave it all back and an additional 100k

My mentor (an ex floor trader and currently working at a large investment bank ) taught me that the average business cycle is 7 years. So unless you are going to show me 7 years of results you really need to stop asking for results.

Anyone can have a few good years but until you successfully navigate all the trading environments of the average 7-year business cycle and can prove that you are long term profitable across all of that time. You are just being fooled by randomness. Sample size matters!!
  • #442
  • Edited 10:46am Aug 8, 2020 10:35am | Edited 10:46am
The whole purpose of this thread was not to teach you guys how to trade but to share ideas of how we can all find answers to the biggest problem we all face Dopamine Addiction.

Statistics show that most of you are profitable traders see this first picture these are actual live trade from FXCM most of you are winning 55% or more of your trades.

The problem is not winning trades see chart Number 1.

The problem is that you are all high on Dopamine and you are not cutting losses. chart Number 2.


Any Numpty can post a few winning trades and just omit their losing trades so stop asking people to see trades and start understanding the real underlying problem we all must FIX.

We need to control the dopamine so that we can see the market objectively and cut losses when trades do not work.

That is why I started this thread so lets keep it on track.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Win percentage1.JPG Size: 175 KB
Click to Enlarge Name: Win percentage2.JPG Size: 178 KB
  • #443
  • Aug 8, 2020 10:38am Aug 8, 2020 10:38am
Staying on the Dopamine discussion. I found this video last night on youtube and I am in the process of instigating CBT (as mentioned in the video) it looks really interesting.

If anyone finds anything interesting about this process please feel free to share.

Inserted Video
  • #444
  • Aug 8, 2020 10:46am Aug 8, 2020 10:46am
There is no such as dopamine fasting, no fap and other nonsense, your body always go into homeostasis. So much nonsense in this thread and posing as "succesful" to push nonsense on people to give them dopamine rush and addict people to this thread at the same time being hypocrite and posting stuff about dopamine fasting while doing it to people yourself for your own rush. lmao

People are really just fall for everything here in this forum even if you point out nonsense and those rules you posted are joke, anybody following will lost money long term.
  • #445
  • Aug 8, 2020 10:48am Aug 8, 2020 10:48am
Quoting kodakwhite
There is no such as dopamine fasting, no fap and other nonsense, your body always go into homeostasis. So much nonsense in this thread and posing as "succesful" to push nonsense on people to give them dopamine rush and addict people to this thread at the same time being hypocrite and posting stuff about dopamine rush while doing it to people yourself for your own rush. lmao
Prove it. Show me the scientific research.
  • #446
  • Aug 8, 2020 10:55am Aug 8, 2020 10:55am
There is nothing to prove, you would die if body would would not regulate dopamine receptors - if you have hard time to understand it than you can be feed up all kind of nonsense, you can believe anything because body regulates itself based on your surrounding and sense inputs, you can not "fast" dopamine as you are not in control of it, if you fast and take food - it may taste better because dopamine receptors themselves regulated to lack of inputs to keep body in homeostasis, as you get into food and start eating tasty food it will be good for a while and then receptors will regulate themselves so you do not DIE from over flood of dopamine, you can fap 1000 times a day and eat whatever you like it does not matter, those are things are just regulating yourself and your fasting or not does not solve or DO A THING, i just crazy that basic things like that need to be explained. Morons just clicks with morons and their stupid ideas lmao


ie. if you can't - understand you do not "fast" shit, you just depraving yourself of inputs so dopamine receptors just being used to actual situation - it does not make you better or worse if you get use to or not, it's just simple mechanism of "getting used to". If you will do dopamine fast you will become more dopamine addict and develop dopamine disorders like people who fast and starve themselves for no reason. Depraving yourself of natural flow of dopamine is like starving to feel better taste of food, actually you become food to fast addict which fucks up whole body. You actually will cause harm to other people for being A MORON and believing stupid sh.t like that, as you believe stupid ideas about market that make you blow 300k
  • #447
  • Aug 8, 2020 10:58am Aug 8, 2020 10:58am
Quoting kodakwhite
There is no such as dopamine fasting, no fap and other nonsense, your body always go into homeostasis. So much nonsense in this thread and posing as "succesful" to push nonsense on people to give them dopamine rush and addict people to this thread at the same time being hypocrite and posting stuff about dopamine fasting while doing it to people yourself for your own rush. lmao People are really just fall for everything here in this forum even if you point out nonsense and those rules you posted are joke, anybody following will lost money long term....
This is just a few of 100 scientific research articles about Dopamine Addiction so please feel free to share with us your brilliant insights. Show us how you are smarter than the National Academy of Science and hundreds of other scientific research findings

https://www.pnas.org/content/108/47/18869

https://www.pnas.org/content/116/9/3793
  • #448
  • Aug 8, 2020 11:01am Aug 8, 2020 11:01am
Quoting kodakwhite
There is nothing to prove, you would die if body would would not regulate dopamine receptors - if you have hard time to understand it than you can be feed up all kind of nonsense, you can believe anything because body regulates itself based on your surrounding and sense inputs, you can not "fast" dopamine as you are not in control of it, if you fast and take food - it may taste better because dopamine receptors themselves regulated to lack of inputs to keep body in homeostasis, as you get into food and start eating tasty food it will be good for...
\


First of all dopamine fasting is just one of the possible treatments. This thread was not about Dopamine fasting you Numpty. We were merely discussing it as one of many "possible" options.

So you had your moment of glory and you insulted me and the spirit of this thread so since you came this far please share with us more brilliance we are all anxiously awaiting for your solutions to why traders are failing.
  • #449
  • Edited 11:34am Aug 8, 2020 11:09am | Edited 11:34am
Very important.....

I started this thread with a stark warning!

do not believe me or anyone else that posts in these forums. Research things for yourself.

this entire industry all the brokers, forum owners, and system sellers, etc, etc... They all need you to over trade.

If they keep you stupid and keep trying to give you the latest gizmo or indicator etc, etc... You keep paying for their yachts.

It is my thesis (personal opinion) that the way they do this is by distracting you from getting scientific and mathematical about your trading. If you really dig deep below the hood you will see that the real enemy is yourself. They want you to believe that if you use this new indicator or learn market profile or learn the latest tricks of entry you will find that golden goose. I say fek that nonsense. If you just focus on controlling yourself and at the same time you control risk with excellent proper money management which usually means NOT OVER TRADING. You will find your own golden goose.!

Always question the motives of everyone in this space and especially in these types of forums.


I had to face the fact that I was not going to make it as a trader until I learned to deal with the true reasons I was failing. I knew I was not sizing trades correctly. I was revenge trading. I was getting frustrated and flayling from method to method searching for perfection. I did not know how to lose. I knew all these things but I wanted to know why I was doing them what was the science behind it? and how could I use math to find real quantitative answers to these problems?

Once I discovered that all of these ^^^ things could be fixed but the only way to fix them was to face them head-on and make them the priority and search for the answers. I had to work on myself for a long time but the good news is I stopped losing money because I stopped looking outside of myself and I turned the research inside.

That is what this thread is all about! So lets keep it on topic, please.
  • #450
  • Edited 11:28am Aug 8, 2020 11:12am | Edited 11:28am
Rule #1 - "Show Me The Money"

Rule # 2 - if you can not "Show Me The Money", keep spinning nonsense in different directions, mostly to the side to whatever suits you(any wannabe) as an individual.
  • #451
  • Aug 8, 2020 11:31am Aug 8, 2020 11:31am
... sometimes sharing intelligent stuff is like casting pearls to swine !
Trader with an Edge.
  • #452
  • Aug 8, 2020 11:39am Aug 8, 2020 11:39am
Quoting Headland
... sometimes sharing intelligent stuff is like casting pearls to swine !

I am an atheist but I do believe there is a ton of wisdom in the bible
  • #453
  • Aug 8, 2020 11:40am Aug 8, 2020 11:40am
Quoting CeeSo
{quote}\ First of all dopamine fasting is just one of the possible treatments. This thread was not about Dopamine fasting you Numpty. We were merely discussing it as one of many "possible" options. So you had your moment of glory and you insulted me and the spirit of this thread so since you came this far please share with us more brilliance we are all anxiously awaiting for your solutions to why traders are failing.
CeeSo...
Just like how we need to identify our dopamine cravings....
As a thread starter... you need to identify the useless trolls like kodakwhite . Once you identify, you need to find a solution for it... with an ignore button. Or atleast use the 'dislike' button, so that the rest of the people in the thread dont' have to read their bullsh#&.

Let's continue with the true subject....
  • #454
  • Aug 8, 2020 11:43am Aug 8, 2020 11:43am
Quoting driven18
Rule #1 - "Show Me The Money" Rule # 2 - if you can not "Show Me The Money", keep spinning nonsense in different directions, mostly to the side to whatever suits you(any wannabe) as an individual.

So show me 7 years of your stats I am happy to call you a great trader and your little ego will be satisfied

Personally I really do not give a rats bottom if you think I can trade or not

I am pretty sure I did not call this thread the ... I am the new Guru" thread.
  • #455
  • Aug 8, 2020 11:47am Aug 8, 2020 11:47am
Quoting CeeSo
{quote} So show me 7 years of your stats I am happy to call you a great trader and your little ego will be satisfied Personally I really do not give a rats bottom if you think I can trade or not I am pretty sure I did not call this thread the ... I am the new Guru" thread.
CeeSo, it was not directed at you, but Aggggg - Got You!
  • #456
  • Aug 8, 2020 11:52am Aug 8, 2020 11:52am
Quoting vinforex7
{quote} CeeSo... Just like how we need to identify our dopamine cravings.... As a thread starter... you need to identify the useless trolls like kodakwhite . Once you identify, you need to find a solution for it... with an ignore button. Or atleast use the 'dislike' button, so that the rest of the people in the thread dont' have to read their bullsh#&. Let's continue with the true subject....

Good, advice.


I use to visit forums all the time but part of my treatment was to try and stop caring what other people think so staying off of them for several years was very helpful for that. That being said I am always trying to keep an open mind so I will always respect what others have to say until they prove they are just being trolls for too long.


To answer your question: The best solutions I have found so far about Dopamine Control are what is called "The Butterfly Effect".

Have you heard of this? Basically it is a mathematical theory that states that a butterfly that flaps a wing in Japan can put into motion a series of events that cause a Hurrican in Miami (or any parts of the world) you get the idea.

So the treatment that I use is to remove all the triggers (the first flap of the wing) so to speak.

So step one is to create an environment where I do not trigger a dopamine rush.

Before I trade I "try" my best to avoid anything that can start that butterfly effect from happening.

Each person will be different but I had to discover all my triggers and then create a process each morning to avoid them like the plague.

I like to think of this as Dopamine Detox but you can call it whatever you like
  • #457
  • Aug 8, 2020 11:55am Aug 8, 2020 11:55am
Quoting CeeSo
{quote} Good, advice. I use to visit forums all the time but part of my treatment was to try and stop caring what other people think so staying off of them for several years was very helpful for that. That being said I am always trying to keep an open mind so I will always respect what others have to say until they prove they are just being trolls for too long. To answer your question: The best solutions I have found so far about Dopamine Control are what is called "The Butterfly Effect". Have you heard of this? Basically it is a mathematical...
Share your experience, you can talk in general about triggers and what you have found works for you as an antidote for them. Relevant.
  • #458
  • Aug 8, 2020 11:56am Aug 8, 2020 11:56am
Quoting driven18
{quote} CeeSo, it was not directed at you, but Aggggg - Got You!
LOL
  • #459
  • Edited 12:18pm Aug 8, 2020 12:03pm | Edited 12:18pm
Quoting driven18
{quote} Share your experience, you can talk in general about triggers and what you have found works for you as an antidote for them. Relevant.


For me, personally, the things that caused me to crave dopamine were things like checking my phone for overnight text messages, reading tweeter or news feeds for comments or stories that would disturb me (usually things about politics etc...)

Also not getting enough sleep was a huge problem for me I found that I was 3x more likely to need those dopamine rushes if I did not sleep well. Even bad dreams would cause me to crave that dopamine the next day.

These are just a few of the things that I found but there are more.

I also discovered very positive things like doing trade reviews before the market opened really helped me control the cravings. By playing back a few days worth of good trades each morning before I traded live this was a huge help for me. Sort of like a professional basketball player practices shooting hoops before each game.

I think the hardest part of all of it was being honest with myself and keeping accurate records of everything I was doing before I traded for months and then searching for the patterns.


This is a lot of work and effort and before I would never have taken the time to do this I would have thought it was stupid. I am a man and my ego would have told me that I can overcome these silly things. I would have been too busy looking outside of myself for the answers.
  • #460
  • Aug 8, 2020 12:44pm Aug 8, 2020 12:44pm
"I also discovered very positive things like doing trade reviews before the market opened really helped me control the cravings. By playing back a few days worth of good trades each morning before I traded live this was a huge help for me."

I do that also to remind me that statistically I am doing just fine, never mind few losses during previous days.
0 traders viewing now