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Attachments: Good strategy but something's wrong
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Good strategy but something's wrong

  • #21
  • May 11, 2021 11:55pm May 11, 2021 11:55pm
When you are trading and you forget which trades are open, that's one sign of over trading.

KP
Quoting aspik
{quote} i dont think about it, maybe u also right. I need to think about it and try it
Do your homework, follow the footprints of smart money
  • #22
  • May 12, 2021 1:54am May 12, 2021 1:54am
Most likely its mental health problem. based on your own claim "i check setups for that day and i see many of trades which i should to take but i didnt. Most of them are profitable. I know i make few mistakes"

maybe you have experienced some bad moment in trading, and now its still remain in your subsconcious.
Mindset Is Everything
  • #23
  • May 12, 2021 2:07am May 12, 2021 2:07am
Quoting RickM
{quote} Hi aspik That’s a long trading day, most of that day is a waste of time. Please define what time you get most of your best trades. i.e. My best trades are at London open for one hour, London mid session, change over of London New York etc. The question I am asking is what time is your sweet spot for trading your strategy.
Its hard to say in what exactly time i have best trades. Last week it was first 2 hours of london. But 2/3 weeks ago it was mid NY.
  • #24
  • May 12, 2021 11:27am May 12, 2021 11:27am
Quoting aspik
{quote} Well paper trading and demo its good for testing the strategy. But you right, its useless if someone wants to learn from it. So Your advice is to keep trading, start accepting loses. The problem is my emotions and "lack of habit" to losing ?
Agree. Controlling emotions and risk are the key to being a CPT. Neither of those do you learn paper trading. You should trade live with small shares until you are consistently profitable live.
  • #25
  • May 12, 2021 3:45pm May 12, 2021 3:45pm
Quoting cryptocrazy
{quote} Agree. Controlling emotions and risk are the key to being a CPT. Neither of those do you learn paper trading. You should trade live with small shares until you are consistently profitable live.
Hi crypytocrazy

Can I say this without targeting yourself but this really needs to be said.

Many Manual traders are lazy moaning overly sensitive humans who have no idea what it takes to develop a profitable trading strategy.

You guys need to sit quietly in the corner of the room and watch how a professional Algo trader develops their next EA to run on the markets.
They have no F....ing idea how much testing is involved to produce a profitable outcome.

About 9 months work minimum including peer review before it ever gets to a live market.
But no, manual traders want to spare a weekend looking at historical charts and they are done.
On Monday they are trading live.

Hope those traders lose all their money because they get no respect from me.
They want to feel emotions by losing money because they think it will make them learn faster.

I hope they move on to other hobbies like stamp collecting where they emotions are always at ease.

Lazy bastards

Cheers
Trading thin liquidity at the boundary of the charts
  • #26
  • May 12, 2021 3:56pm May 12, 2021 3:56pm
[quote=RickM;13535676]{quote} Hi crypytocrazy Can I say this without targeting yourself but this really needs to be said. Many Manual traders are lazy moaning overly sensitive humans who have no idea what it takes to develop a profitable trading strategy. You guys need to sit quietly in the corner of the room and watch how a professional Algo trader develops their next EA to run on the markets. They have no F....ing idea how much testing is involved to produce a profitable outcome. About 9 months work minimum including peer review before it ever gets to a live market. But no, manual traders want to spare a weekend looking at historical charts and they are done. On Monday they are trading live. Hope those traders lose all their money because they get no respect from me. They want to feel emotions by losing money because they think it will make them learn faster. I hope they move on to other hobbies like stamp collecting where they emotions are always at ease. Lazy bastards Cheers[/quote

Not sure of your point here. I as well as many traders I know have spent countless hours learning to trade successfully. It certainly does not happen in a weekend. Emotions are key and managing your risk is key no matter what strategy you trade. This gentlemen asked why he is having trouble transferring from paper trading to live trading and that's pretty obvious. When your money is on the line and you have no risk management you will fail, when your money is on the line and you can't check your emotions you will fail. It's nice of you to wish others to lose all their money instead of trying to help a new trader succeed.
  • #27
  • May 12, 2021 4:08pm May 12, 2021 4:08pm
Quoting cryptocrazy
Quoting RickM
{quote} Hi crypytocrazy Can I say this without targeting yourself but this really needs to be said. Many Manual traders are lazy moaning overly sensitive humans who have no idea what it takes to develop a profitable trading strategy. You guys need to sit quietly in the corner of the room and watch how a professional Algo trader develops their next EA to run on the markets. They have no F....ing idea how much testing is involved to produce a profitable outcome. About 9 months work minimum including peer review before it ever
...
Hi cryptocrazy

Here is my point and you missed it a well.

They do not test in enough detail

They do not understand that each pair has its own characteristics
They do not understand the relationship between time frames and session times.
They do not understand the periods of average winning runs or losing runs.
They don't know the strategies profit factor or any other number of trading gauges.

They are just guessing.

Its not about how many hours really you put into trading, its learning how to DEVELOP strategy's via correct testing methods.
Looking at a few charts in a weekend is not testing, its gambling.

edit- I have been private messaging with this trader and offered some useful advice, whether he / she finds it of any use - who knows
Trading thin liquidity at the boundary of the charts
  • #28
  • May 12, 2021 4:17pm May 12, 2021 4:17pm
Quoting cryptocrazy
This gentlemen asked why he is having trouble transferring from paper trading to live trading and that's pretty obvious.
Demo with 7$ per lot 25% more profitable than Live with 5.5% per lot. That's why.

Quoting cryptocrazy
It's nice of you to wish others to lose all their money instead of trying to help a new trader succeed.
Traders are competitors. Forget all that pink snot. If that "new" trader will lose that mean that someone will win some. Money doesn't grow on trees, there are constant redistribution of resources from unsuccessful and poor to successful and wealthy.

After he said about 75% daily profit you don't need to read further. Just another fairy tale. Nothing to discuss here seriously.
Observer effect
  • #29
  • May 12, 2021 4:37pm May 12, 2021 4:37pm
Quoting RickM
{quote}{quote} Hi cryptocrazy Here is my point and you missed it a well. They do not test in enough detail They do not understand that each pair has its own characteristics They do not understand the relationship between time frames and session times. They do not understand the periods of average winning runs or losing runs. They don't know the strategies profit factor or any other number of trading gauges. They are just guessing. Its not about how many hours really you put into trading, its learning how to DEVELOP strategy's via correct testing...
Well since you have all this insight I'm happy to hear you are private messaging the trader to help him. Hopefully he'll find the transition from paper trading to live trading smoother.
  • #30
  • May 12, 2021 5:47pm May 12, 2021 5:47pm
Quoting hanz1881
Most likely its mental health problem. based on your own claim "i check setups for that day and i see many of trades which i should to take but i didnt. Most of them are profitable. I know i make few mistakes" maybe you have experienced some bad moment in trading, and now its still remain in your subsconcious.
You got it, short, concise, and correct.

Read this slowly, read this many times, read it every day before trading.

Attached File(s)
File Type: pdf PAIN.pdf   97 KB | 594 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #31
  • May 13, 2021 4:01am May 13, 2021 4:01am
Quoting aspik
Hello, i have problem and idk what kind of problem. I know its sound weird, but let me explain. I work on my strategy for some time, then i finally end developing. I checked it on demo and with historical data base. The results was around 75% per day, its scapling strategy with 30-50 trades per day. Then i decide to go live. I fund my acc and i started. My acc balance goes up and down, up, down, up, down. Its now 3rd mth of my live trading and after every single day i check setups for that day and i see many of trades which i should to take but...
Since you didn't explained in detailed the rudiment of your trading strategy but the trades ratio of good to bad been in the favour of the losing side; you simply NEED to trade the OPPOSITE signal of your trading system and allow it to optimize its full profits potential without any need of getting out easily and hastily after a few pips. Stay focused and positive as with time you will articulate profitably...
  • #32
  • May 13, 2021 4:09am May 13, 2021 4:09am
Quoting RickM
{quote} Hi crypytocrazy Can I say this without targeting yourself but this really needs to be said. Many Manual traders are lazy moaning overly sensitive humans who have no idea what it takes to develop a profitable trading strategy. You guys need to sit quietly in the corner of the room and watch how a professional Algo trader develops their next EA to run on the markets. They have no F....ing idea how much testing is involved to produce a profitable outcome. About 9 months work minimum including peer review before it ever gets to a live market....
I spend 5 years of developing and next 2 years of checking and reviewing this strategy, so it wasnt made in weekend
  • #33
  • May 13, 2021 4:15am May 13, 2021 4:15am
Quoting aspik
{quote} I spend 5 years of developing and next 2 years of checking and reviewing this strategy, so it wasnt made in weekend
Try a few different brokers with small accounts. Brokers are not always "helpfull" to letting you have profits.
  • #34
  • May 13, 2021 4:20am May 13, 2021 4:20am
Quoting ryuryu
{quote} Demo with 7$ per lot 25% more profitable than Live with 5.5% per lot. That's why. {quote} Traders are competitors. Forget all that pink snot. If that "new" trader will lose that mean that someone will win some. Money doesn't grow on trees, there are constant redistribution of resources from unsuccessful and poor to successful and wealthy. After he said about 75% daily profit you don't need to read further. Just another fairy tale. Nothing to discuss here seriously.
idk where u took those 7$ per lot, if i trade 0,5% of acc balance per trade thats the first thing. Secound one is about win ratio. Well i wrote is around 75%, average. How ? Because i take multiply entries per one pair (its a part of strategy). If its nothing to discuss why are u here? I get many tips and ideas here or on pm what can i do in other way. I know what are my mistakes but i dont know how to deal with them, how to stop making them over and over. Im courious what whould u say if in next year i will come back here and show u my results. U can also share what was your begging of trading live. Like many of us said, its not easy, espessialy in begging. Idk why u are so rude person for guy u dont never met, u dont saw my strategy. U just read those 75% and nothing else So thank u for helping me, and let people who wants help me, help me with my mistakes and problems
  • #35
  • May 13, 2021 4:27am May 13, 2021 4:27am
Quoting Erebus
{quote} You got it, short, concise, and correct. Read this slowly, read this many times, read it every day before trading. {image}
Thanks, that is pretty accurate what im dealing with, i mean one of the problem
  • #36
  • May 13, 2021 6:16am May 13, 2021 6:16am
Quoting aspik
{quote} I spend 5 years of developing and next 2 years of checking and reviewing this strategy, so it wasnt made in weekend
Then how come you can't tell me what your sweet spot is for trading or what your bests days are. If you have spend 7 years on your strategy, why do you need our help.
I 'm just curious
Trading thin liquidity at the boundary of the charts
  • #37
  • May 13, 2021 6:34am May 13, 2021 6:34am
Quoting RickM
{quote} Then how come you can't tell me what your sweet spot is for trading or what your bests days are. If you have spend 7 years on your strategy, why do you need our help. I 'm just curious
i cant choose sweet spots, because its depends on the day, its like 30% 9am-11am, 30% 12-14, and 30% 14-16. Hard to say exacly which one is the best. I dont know how to work on my mistakes, those missing trades, closing to early, sometimes i think too much even if i have those best setups, delayed entries and dealing with my psychology, emotions. Dont know how to work on it
  • #38
  • May 13, 2021 2:35pm May 13, 2021 2:35pm
Quoting aspik
Hello, i have problem and idk what kind of problem. I know its sound weird, but let me explain. I work on my strategy for some time, then i finally end developing. I checked it on demo and with historical data base. The results was around 75% per day, its scapling strategy with 30-50 trades per day. Then i decide to go live. I fund my acc and i started. My acc balance goes up and down, up, down, up, down. Its now 3rd mth of my live trading and after every single day i check setups for that day and i see many of trades which i should to take but...
adjust risk management & do live trade, like 0.3% risk, but obey strictly your edge could help?
  • #39
  • May 13, 2021 10:09pm May 13, 2021 10:09pm
Quoting aspik
Hello, i have problem and idk what kind of problem. I know its sound weird, but let me explain. I work on my strategy for some time, then i finally end developing. I checked it on demo and with historical data base. The results was around 75% per day, its scapling strategy with 30-50 trades per day. Then i decide to go live. I fund my acc and i started. My acc balance goes up and down, up, down, up, down. Its now 3rd mth of my live trading and after every single day i check setups for that day and i see many of trades which i should to take but...
Hi aspik

I don’t think anyone else can help you any more unless you explain your strategy.
I understand you may not want to share it here so we are in a deadlock.

I believe you need to trade less and only pick the best looking setups, leave the rest.
I believe a scalper has to find trade setups that offer win rates on no less than 85% on entry and get out the moment it looks wrong.
Take the cream off the top in real terms.

An example was two trades I took on the DOW on Wednesday. I was watching price spike out mid London session for a hour before I noticed it was starting to fracture. I waited for the pullback to show signs of strong momentum then entered a large trade size for just 2 seconds and exited. I repeated that same trade a minute later for a longer trade lasting 6 seconds.
Both trades provided me 50% of that days earnings so the point I would like to make is a scalper needs patience foremost, not a itchy trade finger.

Just trade less and wait for a setup wearing red lipstick.
Trading thin liquidity at the boundary of the charts
  • #40
  • May 14, 2021 2:45am May 14, 2021 2:45am
I would suggest that you start your trading on a real account gradually.
Let your results at first be less than the expected 75% per day, but then you will gain stability.
Choose firstly one currency pair, which is the most comfortable for you. Start trading only one instrument.
When you see that the result is stable, add one more or 2, correlated or close to the first one.
After that, you can try at completely new instruments, gradually adding them to your arsenal.

Remember that the market gives opportunity every second, every pip is money. So don't try to catch all the fish in the sea.
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