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Trading Made Simple

  • #113,361
  • Dec 18, 2020 6:57pm Dec 18, 2020 6:57pm
Quoting T4Trade
{quote} i want to learn money mgmt ,please teach me if anyone has got any good strategy or technique,thanks
Hey T4Trade

Every trader must learn the importance of Money Management in investment and trading. MM is not an easy subject to learn from public forums like FF. It would be better to have a person you can meet in person and that person must be qualified to provide you with professional advice.

You want to be in this trading business for long term and not treat this as a hobby and trade like you are in a casino.

Start with financial planning. How much money do you have to invest and to trade in different markets - equities, futures, bonds, forex, etc.

Develop a trading system for those market you want to trade and to help you achieve your financial goals and aspirations.

Are you financially independent?

How much excess money do you have to trade this brutal spot forex market?

Important question to ask now is, do you have one year of your yearly income which you can set aside to trade the markets?
A person who earns say a median USD100,000 should be able to trade that amount and develop a mental strategy which will help them achieve a consistent 20% per annum which will contribute to his overall total annum income. This will take time and you can only know the true result after about completion of 36 months or 3 years active trading.

Work on your own Blueprint for Trading Success.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,362
  • Dec 18, 2020 7:38pm Dec 18, 2020 7:38pm
Quoting pafka
MONEY MANAGEMENT

Hi guys,
I have been monitoring this tread for couple of weeks, trying to read everthing from the beginning. I am on unpaid leave due to covid situation, so I decided to focus on trading. I have been trying to find the holy grail for a few years, result is obvious. Finally, I found a TMS system which suits my personality. Honestly, with some small modificatons.
As mentioned many times before, the money management, except the psychology, is the most important part of our business. Can you please check the...
Yes! It make sense to me.

The purpose of money management is to limit the amount of your trading capital $$$money at risk on every trade you take so that your account will survive the drawdowns in a given period of time.

I believe MM is the second most important component of a winning trading system.
see my post #109,604
https://www.forexfactory.com/thread/...0#post13208700

1) yes. USD10,000 is a good base to start with and to trade one currency pair, for example EURUSD.

2) Initial Stop Loss based on ATR(14) is quite common practice but I did not find that to be optimum when I trade the 4H Swing and Daily Swing Trading.
I prefer to look at the market price action and compare the average of the 100-days ATR and also the Weekly 52-weeks ATR, this will give ma a better view of the market trading range and where to place a technical stop loss for Position Sizing.

3) You mention target profit 10 pips, is this trading single entry with single exit?
Make sense if you are trading M15 EURUSD with a lower volatility than other pairs which can be 1.5 times that of EURUSD.
You can make more pips and money if you do basket trading and trade the H4 and above. Basket trading a swing of 3 to 8 H4 candles can make you more pips than one single entry and also lower risk plus more money. Basket trading requires you to manage trade basket using the average entry price of the baskets and not individual positions.

You also need to be system thinking and consider MM in an overall trading system strategy based on trading the market using a pool of currency pairs and not just one pair. This MM is requires more study and may sound complex but requires time to learn, practice and put into a working system strategy.

There are -
- Money Management for rule-based systems
- Money Management for Money Management based systems


Hope this help you widen your study and search for the right MM for you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,363
  • Dec 18, 2020 7:50pm Dec 18, 2020 7:50pm
Quoting Tekkies
{quote} Forget Money Management. Can you trade? How well do you understand this method? Have you paper traded this method? For how long? What results did you obtained from your paper trading? MM plan for you? Show your trading result, show some trades you have placed with TMS.

Hey Tekkies

what rubbish you post daily in this thread!

If you choose to forget money management, you better not trade any further... because the market love people like you and your brokers love you too.

Let's take USD10,000 REAL money and go to the world largest online casino starting in Jan 2021.
What do you say?

still waiting for you to confirm.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,364
  • Dec 18, 2020 7:52pm Dec 18, 2020 7:52pm
Quoting emmanuel7788
{quote} Hey Tekkies Again, my post #113,307 was meant for you only. You open 2 sell positions @1.2227 on Dec 17 and you are still in floating losses. Tokyo 12pm on Friday Dec 18 was a sell opportunity for you only because you have open sell positions which you should have closed by 6AM PDT what the OP Big E would have done. You did not follow the OP Big E posts which you would say his advice in this thread. Tokyo 12pm Friday Dec 18 was a setup to look at your H4 EURUSD chart and consider a recovery trade. You only want to make 5pips (reward) but...
>Don't recall that Tekkies asked you any advice.
Show the post nr with the asking.
>That post was not advice, it was and still is narcisties.
- Never add to a losing trade.
- you must learn to use good Money Management because you still cannot trade like Big E. Big E never held on to floating DD for more than 8 hours . You have broken his record with your 17 hours.... twice this week.

Get it in your thick skull I am not BigE.
  • #113,365
  • Dec 18, 2020 7:52pm Dec 18, 2020 7:52pm
Quoting emmanuel7788
{quote} Hey Tekkies My EURUSD trades for the period Dec 01 to Dec 18 close. - only follow 4hr like the OP said in his Post#281 - trade the setup with H1 and M15 entries - use multi-lots exit strategy managed using THV CaveManager EA trade manager. {image}
No live trade's posted this whole week.
Are you not the one that posted about a month or two ago to post in this thread you need to post live trades.
You and Realjumper both flapped lips about it, to be a requirement.
-----
You have posted a Trade Report with all information > lot size, profit and everything in between.
You refuse to link a Trade Explorer to the chart's you post in this thread.
- Trade Report has the same basic information as an TE.
- Trade list has the same information as chart's posted.

I say this:
That Trade Report is not yours.
Why?
You can post a detail Trade Report and chart's with trade's (non this week) but refuse to link a TE for public viewing IN FOREXFACTORY your are hiding something.
----
Not to clutter this thread with bickering, you back on ignore.
Cheers.
  • #113,366
  • Dec 18, 2020 8:03pm Dec 18, 2020 8:03pm
Quoting Tekkies
{quote} No live trade's posted this whole week. Are you not the one that posted about a month or two ago to post in this thread you need to post live trades. You and Realjumper both flapped lips about it, to be a requirement. ----- You have posted a Trade Report with all information > lot size, profit and everything in between. You refuse to link a Trade Explorer to the chart's you post in this thread. - Trade Report has the same basic information as an TE. - Trade list has the same information as chart's posted. I say this: That Trade Report is...
@Tekkies

It is 3am your local time. You cannot sleep because you are holding on to 2 losing trades for the last 38 hours and your broker is closed.
There is nothing you can do now but get some sleep and you will think better after 8 hours of sleep.

I slept very soundly for 8 hours because I closed all my day trading positions before London session closed on Fridays.

LOL. I am in your ignore list for long time and you cannot see my live posts and you missed many trade setups.

Goodnight Tekkies, sweet dreams and make sure you do not sweat while sleeping.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,367
  • Dec 18, 2020 8:10pm Dec 18, 2020 8:10pm
Quoting Tekkies
{quote} >Don't recall that Tekkies asked you any advice. Show the post nr with the asking. >That post was not advice, it was and still is narcisties. - Never add to a losing trade. - you must learn to use good Money Management because you still cannot trade like Big E. Big E never held on to floating DD for more than 8 hours . You have broken his record with your 17 hours.... twice this week. Get it in your thick skull I am not BigE.
LOL.

The purpose of money management is to limit the amount of your trading capital $$$money at risk on every trade you take so that your account will survive the drawdowns in a given period of time.

Remember OP Big E Post#281.
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
and When trading don't bite off more than you can chew. which post # is this?

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies TE Overview NYClosed Dec Dont ger fired up 18 19-12-2020 7-25-36 am.png Size: 93 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,368
  • Dec 18, 2020 10:50pm Dec 18, 2020 10:50pm
Quoting emmanuel7788
{quote} LOL. The purpose of money management is to limit the amount of your trading capital $$$money at risk on every trade you take so that your account will survive the drawdowns in a given period of time. Remember OP Big E Post#281. {quote} and When trading don't bite off more than you can chew. which post # is this? {image}
Hey emm, so you like to look at other people's trade explorer and judge, how about you put your own TE and so it would be fair?
  • #113,369
  • Edited 11:18pm Dec 18, 2020 10:54pm | Edited 11:18pm
Quoting DrDave
{quote} Sure, he's full of lies. Like the deck by the pool, the cruise ship, the Zoom group, and on and on.
@DrDick -- and don't forget his fake aliases. Oh, wait, that was you!!!

@DrDick -- you haven't already forgotten about @ivan9578, have you?

Attached Image (click to enlarge)
Click to Enlarge Name: DrDave-Ivan-Additional-UserName.png Size: 574 KB
  • #113,370
  • Dec 18, 2020 11:52pm Dec 18, 2020 11:52pm
Quoting PixelSniper
{quote} Hey emm, so you like to look at other people's trade explorer and judge, how about you put your own TE and so it would be fair?
It's not going to happen. Too much risk of being exposed as fraud and charlatan.

He has old posts of TEs of failed accounts, and doesn't want yet ANOTHER public display of failure. That would be another big blow to his fragile mental state and could plunge him into another mental breakdown.
To free Gazans of Hamas, use whatever it takes.
  • #113,371
  • Dec 19, 2020 1:14am Dec 19, 2020 1:14am
Quoting DrDave
{quote} It's not going to happen. Too much risk of being exposed as fraud and charlatan. He has old posts of TEs of failed accounts, and doesn't want yet ANOTHER public display of failure. That would be another big blow to his fragile mental state and could plunge him into another mental breakdown.

Hey FakeDr aka MOSTTOXIC_Fake_Guru ... fake PhD ... Fake MDs

your post again confirms that you have another losing week trading your failed system TDA with IMT because of the many different voices in your head telling you how to spin more stories of old posts of TEs of failed accounts .

please entertain this thread with more of your photoshop edited pictures of TEs of failed accounts and also Trade Reports.
we all already know from you daily posts in this TMS thread that you are suffering from post traumatic stress disorder PTSD when your own thread failed to get any attention from members. You have abandon your own thread and make yourself the resident troll here. You need professional help with your schizophrenia and prolong mental meltdown as result of the PTSD from your failed TDA with IMT trading.

nice to see your daily posts and keep the thread replies count growing in numbers... it has reached 113,372 now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,372
  • Dec 19, 2020 1:22am Dec 19, 2020 1:22am
Quoting PixelSniper
{quote} Hey emm, so you like to look at other people's trade explorer and judge, how about you put your own TE and so it would be fair?

hey PixelSniper

No I don't look at other people's trade explorer TE and judge.
You are new in this thread as I see you joined on Dec 03 2020.
How much of this thread have you read since?
Have you seen my TE 2017?
What about my TEs 2018 and 2019?
Would you like to comment on my old TEs and judge?

Do you know when this trade explorer topic arise first between Tekkies and Realjumper?
and more current between Tekkies and I?

Tell me, what do you look for and want to see in my trade explorer. I don't have problem to make them visible when member make their requests known in this thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,373
  • Dec 19, 2020 1:40am Dec 19, 2020 1:40am
Quoting tommydoginti
I wonder why no one here open a trade explorer to prove they are better than other or prove them wrong. Numbers tell the truth, arguement is pointless Many are trying to learn something from here, not watch strangers fight.

Quoting Tekkies
{quote} Agree Tommy. How about Emmanuel, robot4me, Tekkies or any other member that flap lips in this thread, walk the talk with each having a TE with all options open, starting 01/12/2020. TE trade's must be the same as posted chart's trade's anywhere in forexfactory.
Quoting emmanuel7788
{quote} @Tekkies 1) How about effective start date Jan 01, 2021? 2) And include your buddy DrDave. 3) Same deposit USD 10,000 standard account 1:25 leverage. Please post your other conditions for all to see. Anyone can invite all other members to this new Verbal diarrhea matches trading skills? https://www.forexfactory.com/thread/...trading-skills
re-post - Dec 19 2020

@Tekkies

1) How about effective start date Jan 01, 2021?

2) And include your buddy DrDave.

3) Same deposit USD 10,000 standard account 1:25 leverage.

4) Please post your other conditions for all to see.

Anyone can invite all other members to this new
Verbal diarrhea matches trading skills?
https://www.forexfactory.com/thread/...trading-skills
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,374
  • Dec 19, 2020 1:48am Dec 19, 2020 1:48am
Quoting emmanuel7788
{quote} Hey T4Trade Every trader must learn the importance of Money Management in investment and trading. MM is not an easy subject to learn from public forums like FF. It would be better to have a person you can meet in person and that person must be qualified to provide you with professional advice. You want to be in this trading business for long term and not treat this as a hobby and trade like you are in a casino. Start with financial planning. How much money do you have to invest and to trade in different markets - equities, futures, bonds,...
how would you only achieve 20% per annum if you are risking 1% per trade. This doesn't make sense to me.

If you have a 100k account and are trading the 1-1hr chart then perhaps you are risking only .05% of your account each trade, and your system does not have many setups, in which case you may as well use a smaller account and increase the % size, otherwise, your system has a small success rate and you should review that no?

Maybe I get it if you trade the weekly and montly chart, but seriously you would be better off putting your money in real estate
  • #113,375
  • Dec 19, 2020 2:24am Dec 19, 2020 2:24am
Quoting asset21
{quote} how would you only achieve 20% per annum if you are risking 1% per trade. This doesn't make sense to me. If you have a 100k account and are trading the 1-1hr chart then perhaps you are risking only .05% of your account each trade, and your system does not have many setups, in which case you may as well use a smaller account and increase the % size, otherwise, your system has a small success rate and you should review that no? Maybe I get it if you trade the weekly and montly chart, but seriously you would be better off putting your money...
If you've read his posts, you would know
1. He lies a lot.
2. He is a Photoshop Master. He could actually make money with that skill, but due to his warped mental state, continues to dig his FailurePit deeper and deeper instead.
3. He FINALLY, after dealing with TMS since 2011, has achieved a whopping 65% success rate--the rate that BigE said is the BEGINNER'S rate.
4. When ANYONE has tried to get access to any information that he claims he has, he finds excuse after excuse why that person doesn't "qualify" to get access.
5. Get ready for yet another of his smoke and mirrors answer that won't actually answer your question.
6. People in the know read his posts for daily laughs, not for anything about serious trading.
To free Gazans of Hamas, use whatever it takes.
  • #113,376
  • Dec 19, 2020 3:03am Dec 19, 2020 3:03am
Quoting asset21
{quote} how would you only achieve 20% per annum if you are risking 1% per trade. This doesn't make sense to me. If you have a 100k account and are trading the 1-1hr chart then perhaps you are risking only .05% of your account each trade, and your system does not have many setups, in which case you may as well use a smaller account and increase the % size, otherwise, your system has a small success rate and you should review that no? Maybe I get it if you trade the weekly and montly chart, but seriously you would be better off putting your...
Quoting DrDave
{quote} If you've read his posts, you would know 1. He lies a lot. 2. He is a Photoshop Master. He could actually make money with that skill, but due to his warped mental state, continues to dig his FailurePit deeper and deeper instead. 3. He FINALLY, after dealing with TMS since 2011, has achieved a whopping 65% success rate--the rate that BigE said is the BEGINNER'S rate. 4. When ANYONE has tried to get access to any information that he claims he has, he finds excuse after excuse why that person doesn't "qualify" to get access. 5. Get ready for...
Hi asset21

FakeDr aka DrDick just replied you with his above post and he does not have USD100,000 to trade so it is obvious he cannot make 20% per annum on average over 3 years.

His TDA with IMT trading system has a win rate amazing 98.8%. Too good to be true. But he holding on to losing trades for 38 weeks.

When a person suffering from schizophrenia and low self esteem needs to have a add fake doctorate to his name, we all will be entertainment in this thread every day with one of many voices in his head.

When you have spare cash AUD100,000, you put that aside and invest in real estate would be the first better decision. The rental yield and asset appreciation over a very long term is more secured and you will retire with passive income from rental yield better than bank interest.
With the rental income as your passive income, you can trade daily and make your money work harder for you. This will then become your additional income stream in your retirement.

Stay Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,377
  • Dec 19, 2020 3:38am Dec 19, 2020 3:38am
Quoting emmanuel7788
{quote}I don't have problem to make them visible when member make their requests known in this thread.
PixelSniper is a member that made his request known in this thread.

By your own post Emmanuel, make your TE visible for public viewing.
-----
Tekkies, DrDave, Realjumper, Lastingwell and countless other are all members that made their requests known in this thread over the years.

Will that sentence by you also become a other lie?
  • #113,378
  • Dec 19, 2020 3:39am Dec 19, 2020 3:39am
Quoting emmanuel7788
{quote} {quote} {quote} re-post - Dec 19 2020 @Tekkies 1) How about effective start date Jan 01, 2021? 2) And include your buddy DrDave. 3) Same deposit USD 10,000 standard account 1:25 leverage. 4) Please post your other conditions for all to see. Anyone can invite all other members to this new Verbal diarrhea matches trading skills? https://www.forexfactory.com/thread/...trading-skills
Cut the crap Emmanuel.
Don't hide behind points 1, 2, 3, 4. Or follow BigE's posts.
You are only using them not to open a TE
4) Please post your other conditions for all to see.
Already gave the conditions in Post 112,419 which you keep on ignoring.
-------------------
To make it clear and understandable, the only condition is:
- the TE must show the same information as posted by member in any thread in forexfactory.
in other words : Visibility: Public
----
No need to show > Money and Lots: / Stops and Targets: / Pending Orders:
  • #113,379
  • Dec 19, 2020 3:59am Dec 19, 2020 3:59am
Quoting Tekkies
{quote} PixelSniper is a member that made his request known in this thread. By your own post Emmanuel, make your TE visible for public viewing. ----- Tekkies, DrDave, Realjumper, Lastingwell and countless other are all members that made their requests known in this thread over the years. Will that sentence by you also become a other lie?

what happen Tekkies?

did you just woke up from your sleep with a bad nightmare about your EU floating positions?

8 hours ago, you said I am back in your ignore.

Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies 113,367 19-12-2020 5-57-11 pm.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #113,380
  • Dec 19, 2020 4:03am Dec 19, 2020 4:03am
Quoting Tekkies
{quote} PixelSniper is a member that made his request known in this thread. By your own post Emmanuel, make your TE visible for public viewing. ----- Tekkies, DrDave, Realjumper, Lastingwell and countless other are all members that made their requests known in this thread over the years. Will that sentence by you also become a other lie?

Tekkies

Please show those posts where - Tekkies, DrDave, Realjumper, Lastingwell and countless other are all members that made their requests known in this thread over the years.

Please show the posts in chronological order and links.

Do Not leave out the posts between realjumper and you on this trade explorer topic.

And your post below:

Quoting Tekkies
{quote} Agree Tommy. How about Emmanuel, robot4me, Tekkies or any other member that flap lips in this thread, walk the talk with each having a TE with all options open, starting 01/12/2020. TE trade's must be the same as posted chart's trade's anywhere in forexfactory.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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