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In One Sentence - How Do You Trade?

  • #461
  • Edited 10:17am May 12, 2021 9:55am | Edited 10:17am
I've heard it said that Forex trading is transfer of money from the impatient to the patient.

Trade safe.

KP

Quoting TimeTells
(ps for any that might ponder just “templates and/or ma’s” they are NOT the most important, more important imho is ‘patience’. For me the hardest part of trading is still patience, and is the constant battle I face within myself daily).
Do your homework, follow the footprints of smart money
  • #462
  • May 13, 2021 9:31am May 13, 2021 9:31am
I recently switched from trend trading to basket trading.
  • #463
  • May 13, 2021 9:47am May 13, 2021 9:47am
Quoting KeenPips
I've heard it said that Forex trading is transfer of money from the impatient to the patient. Trade safe. KP {quote}
I think that's from warren buffett and he's talking about stocks lol...forex you can buy it and it can go in one direction forever so you need more then patience. imho
  • #464
  • May 13, 2021 10:30am May 13, 2021 10:30am
Are you finding it interesting?

KP

Quoting tiborf71
I recently switched from trend trading to basket trading.
Do your homework, follow the footprints of smart money
  • #465
  • May 13, 2021 10:35am May 13, 2021 10:35am
Very good; we are on the same page I believe. The less patient a trader is, the more they trade on impulse and make themselves prone to losses.

Trade safe.

KP

Quoting Redbaron81
{quote}....you need more than patience...
Do your homework, follow the footprints of smart money
  • #466
  • May 13, 2021 11:34am May 13, 2021 11:34am
Quoting KeenPips
Are you finding it interesting? KP {quote}
I need to look at a lot more, analyze , but that’s more than interesting.
  • #467
  • May 13, 2021 9:58pm May 13, 2021 9:58pm
With hope
A trade should be based on an assumption based on facts
  • #468
  • May 14, 2021 7:06am May 14, 2021 7:06am
Your preparation and trading skills are equally important. Don't you think so?

KP

Quoting maverick2017
With hope
Do your homework, follow the footprints of smart money
  • #469
  • May 14, 2021 7:24am May 14, 2021 7:24am
Quoting KeenPips
Your preparation and trading skills are equally important. Don't you think so? KP {quote}
100% correct but that is not getting translated into results only because I hope for too much.
A trade should be based on an assumption based on facts
  • #470
  • May 14, 2021 4:31pm May 14, 2021 4:31pm
For me, I have found using real, real life to be the only formula for longevity...using a "video game" style of thinking is always going to destroy accounts and disintegrate someone's desire to do well in trading and so those who try to cheat with a quick and cheap education get the same in kind.


Peter
Real Trading is not gambling.
  • #471
  • May 14, 2021 8:09pm May 14, 2021 8:09pm
Quoting KeenPips
Your preparation and trading skills are equally important. Don't you think so? KP {quote}
Preparation is not required but clarity of market intention coupled with confident execution is essential.
One time frame, One vision.
Trading thin liquidity at the boundary of the charts
  • #472
  • May 15, 2021 10:08am May 15, 2021 10:08am
You have answered as a scalper. But even at that, how would you get clarity of market intention? Just jump into the market?

KP

Quoting RickM
{quote} Preparation is not required but clarity of market intention coupled with confident execution is essential...
Do your homework, follow the footprints of smart money
  • #473
  • May 15, 2021 10:20am May 15, 2021 10:20am
And still talking about preparation, every type of trader needs it. What vary are degree, type and level of preparation. For example, a scalper will require less time than a swing trader and his/her level of preparation will differ.

KP

Quoting KeenPips
You have answered as a scalper. But even at that, how would you get clarity of market intention? Just jump into the market? KP {quote}
Do your homework, follow the footprints of smart money
  • #474
  • Edited 3:55pm May 15, 2021 1:58pm | Edited 3:55pm
'Before anything else, getting ready is the secret of success.' - Henry Ford (a great American Industrialist)

KP

Quoting KeenPips
And still talking about preparation, every type of trader needs it. What vary are degree, type and level of preparation. For example, a scalper will require less time than a swing trader and his/her level of preparation will differ. KP {quote}
Do your homework, follow the footprints of smart money
  • #475
  • May 15, 2021 4:13pm May 15, 2021 4:13pm
Quoting KeenPips
You have answered as a scalper. But even at that, how would you get clarity of market intention? Just jump into the market? KP {quote}
Preparation is great if we are baking a cake, or painting a house. Clarity of market intention is just sitting there and doing absolutely NOTHING till we achieve visual enlightenment - that brief moment in time when your finger executes a trade without any emotional interference.
Trading thin liquidity at the boundary of the charts
  • #476
  • May 15, 2021 4:52pm May 15, 2021 4:52pm
Rick, I wonder if you really are being serious with your posts. If you want to entertain, I think you may decide to post somewhere else. You are not offering anything helpful to new or junior members who may want to learn from this thread.

KP

Quoting RickM
{quote} Preparation is great if we are baking a cake, or painting a house. Clarity of market intention is just sitting there and doing absolutely NOTHING till we achieve visual enlightenment - that brief moment in time when your finger executes a trade without any emotional interference.
Do your homework, follow the footprints of smart money
  • #477
  • May 15, 2021 6:49pm May 15, 2021 6:49pm
Only trade the impulse wave after a correction ...
Market is not random but unpredictable
  • #478
  • May 15, 2021 7:14pm May 15, 2021 7:14pm
If you don't prepare at all (in any context) you can't and don't learn. And if you don't learn, then you can only see that your "emotions" are your enemy. People who think emotions are "bad" in trading are simply running away from the simple and obvious reality that they're emotionally immature and therefore feel the "need" to condemn them as if they're a blight on their trading. Most people, generally, in everyday life, are very emotionally immature so naturally this translates into an emotionally reactive "decision" instead of realizing that they're simply immature as a "grown up" and need to grow up. What people think is 'bad' for trading is just their base emotions (well known greed and fear) but these are not the whole picture. There are other more mature emotions too that play a part.

It's hilarious to see "experienced traders" talk about all these different aspects but do not see that they are as ignorant as the people they're talking to. Single sided perspectives are dead ends. Scalper or trend trader - it's all the same. If you set higher standards for yourself then you'll see that what I am saying is true. Otherwise it's just the blind leading the blind.

Have a nice day.

Peter
Real Trading is not gambling.
  • #479
  • May 15, 2021 7:27pm May 15, 2021 7:27pm
Quoting KeenPips
Rick, I wonder if you really are being serious with your posts. If you want to entertain, I think you may decide to post somewhere else. You are not offering anything helpful to new or junior members who may want to learn from this thread. KP {quote}
Hi KeenPips

My point is a trader in my opinion does not need preparation or extensive analysis of a chart to be profitable, they just need to watch and do nothing until they see the market change speed - which in data is a buy or sell order 300% + larger in volume than the receiving passive limit order on the chart - repeated in a single candle.
Clarity and enlightenment is just that "shit I see price has suddenly moved and I understand what's happening" and therefore I have no fear in placing a trade.
Less thinking, less analysis but a lot more screen time observing market speed
Trading thin liquidity at the boundary of the charts
  • #480
  • Edited 10:03pm May 15, 2021 9:52pm | Edited 10:03pm
Then you are either missing the point or you have limited 'preparation' to 'extensive analysis of charts.' See post #474. At times it seems to me that you are more interested in arguments or entertainment than in making the kind of valuable contributions expected of a fellow senior member of FF.

KP

Quoting RickM
...My point is a trader in my opinion does not need preparation or extensive analysis of a chart to be profitable...
Do your homework, follow the footprints of smart money
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