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The brutal truth of day trading

  • #1,461
  • Jun 22, 2021 2:53pm Jun 22, 2021 2:53pm
Quoting PeterCaleb
Seeing as the rules are the same for all of us .... That means all of you AND me. My suggestion to someone who wants to learn to trade would be this ... * Usually there is no reason to join any site to be able to access the information and knowledge found on the site. Trading sites are known for changing the way people think. It's important to understand that opinions are not going to help you learn how you can trade. Only what you can do is important. * Know that you are alone. Trading is an activity best done on you own without any influences...

Sorry Peter Thats same babble as everytime I can read few lines and cant anymore. Useless
stuff like Trading in the ZOonee or Bret Steenburger, but he is odd, he has one ok book which is be your own trading couch, there he dont try to be most best shrink in w-street.

Please go facts as Rick throw GEMS.
People who think they can help, even they cant, are most dangerous.

Start painting, buy water colors it can more fruitfull everyone, trading is not so complex that i have to go sniff every s&p companies reports. and
  • #1,462
  • Jun 22, 2021 2:56pm Jun 22, 2021 2:56pm
stop insulting yourselves... just use the ignore function. 5%/day/week/month = same s**t. 12%/year is a realistic return... ON AVERAGE!
  • #1,463
  • Jun 22, 2021 3:01pm Jun 22, 2021 3:01pm
Quoting PeterCaleb
Seeing as the rules are the same for all of us .... That means all of you AND me. My suggestion to someone who wants to learn to trade would be this ... * Usually there is no reason to join any site to be able to access the information and knowledge found on the site. Trading sites are known for changing the way people think. It's important to understand that opinions are not going to help you learn how you can trade. Only what you can do is important. * Know that you are alone. Trading is an activity best done on you own without any influences...


I put the post together for those people who want to learn how to trade or want to improve their trading, to give them a head start, so they can side step people like the ones we all see inhabiting sites like this. It's a simple approach for them to work with and do what they need to do, minus the shit shower.

In 5 or even 10yrs time, you people will still be here, stuck. Meanwhile the rest of the world has moved on and so too will the people who have simply come, observed, learned and moved forward with their lives and their trading. Poor forex factory people.

Enjoy.

Peter
Real Trading is not gambling.
  • #1,464
  • Jun 22, 2021 3:02pm Jun 22, 2021 3:02pm
Quoting jmn5611
{quote} One protagonist destroyed his credibility with an extraordinary claim that he could not prove. The other protagonist was sent to the Commercial section for being a sloppy stealth vendor.
I will admit that I rarely read any of TraderTim's posts, but his last few caught my attention in that they seemed to be a direct attempt to snare a trader(s). And anytime someone says "you can trust me", you better protect your wallet.

But what is most disappointing is that there's been no discussion about the great trading yesterday and today. There are a few brutal truths to talk about, but we're stuck for now. Too bad.
  • #1,465
  • Jun 22, 2021 4:18pm Jun 22, 2021 4:18pm
Quoting kk100
{quote} Ok. Fine. Can you keep your Drawn Down under 1% This year mine is ~0.60 Can you calculate risk ? I bang profit everyday. or at least 98% I cant calculate only 1 day when i had negative trade. I am bored this go look those who do same. and much better than me. I watched them and I was amazed, and took some of they trades. never loss. I am much lazier than them. I would like to see whats happening now, because i saw rick and profitfarmer are animals year ago and they were something what i never saw before, Like Bubinka told about farmer. He...
I can't keep my drawdown on 1% since i open big lots compared to my capital. I will keep it under 1% when i get comfortable with the amount of my capital. The more you risk the more you gain. And vice versa. I am not interested in Peter and Tim's scamming activity though, even if they were to give me a trillion dollars.

Peter and Tim's scheming plan is exposed. Tim is a commercial member now Please stop this non-sense. All they talk about is philosophy and stuff but i can't see any facts about trading here.

I have no respect to people who try to mislead and scam people mate. It's not about your language. Peter and Tim talk some wise stuff, they are good with speeches but they sprinkle some lies between those sweet words.

Peter is not even a profitable trader, yet he talks like he is the wise one here. Tell your buddy Peter that he needs to be able to trade before preaching these stuff

Edit: Seriously i didn't even understand your problem mate. You are attacking me and defending Peter. Then you are going to Peter and attacking him. Choose a side and stick with it
You have to have an IQ higher than 90 to interact with this user.
  • #1,466
  • Jun 22, 2021 4:51pm Jun 22, 2021 4:51pm
Quoting TraderTim125
Stinking Thinking And False Data The term “Stinking Thinking” is generally credited to an American psychologist Albert Ellis who was prominent in the 1960’s. It describes a self-absorbed, low awareness state of mind that many of us experience from time to time together with the tendency to engage in thoughts and cultivate beliefs that do not serve us well. Once these beliefs become entrenched in our minds it can be very difficult to free ourselves from their self limiting effects. Stinking thinking seems to flourish in conditions of uncertainty...

Tim SUPER i have never heard that thnak you
  • #1,467
  • Jun 22, 2021 4:58pm Jun 22, 2021 4:58pm
Quoting TraderTim125
Stinking Thinking And False Data The term “Stinking Thinking” is generally credited to an American psychologist Albert Ellis who was prominent in the 1960’s. It describes a self-absorbed, low awareness state of mind that many of us experience from time to time together with the tendency to engage in thoughts and cultivate beliefs that do not serve us well. Once these beliefs become entrenched in our minds it can be very difficult to free ourselves from their self limiting effects. Stinking thinking seems to flourish in conditions of uncertainty...

Please some of the part and not so little beacause i am, b ut wonderfull keep sometihg overt toungi mean i can understnd directly, but i can read and think
  • #1,468
  • Jun 22, 2021 5:00pm Jun 22, 2021 5:00pm
Quoting remonpilip
source: https://www.quora.com/Why-are-commod...ent-strategies I am giving everyone some free invaluable knowledge here. Most people, and especially people who profess to know what they are talking about, don’t! They spout verbage but they either don’t trade or they don’t trade successfully. Big hat, no cattle I call it! I find most self proclaimed experts spout a bunch of technical jargon and this and that, but as I said, big hat, no cattle. Now I am not selling anything so I don’t...


The most nonsensical topic I've ever commented on.
  • #1,469
  • Jun 22, 2021 5:09pm Jun 22, 2021 5:09pm
Quoting Nordling00
{quote} I can't keep my drawdown on 1% since i open big lots compared to my capital. I will keep it under 1% when i get comfortable with the amount of my capital. The more you risk the more you gain. And vice versa. I am not interested in Peter and Tim's scamming activity though, even if they were to give me a trillion dollars. Peter and Tim's scheming plan is exposed. Tim is a commercial member now Please stop this non-sense. All they talk about is philosophy and stuff but i can't see any facts about trading here. I have no respect to people...
The more you risk, the higher chance of you blowing up your account.
Didn’t I read you also claimed you have hit 5% a day like Peter?.

I only allow my drawdown to hit 0.30% on any setup and still make a good daily profit.
If you can’t trade smaller, trade more often with intelligent aggression.

I expect to make about 0.15% profit per hour scalping with about 20 setups.
I think I will repeat this, to be labeled a good trader and achieve a daily pass mark, your highest daily drawdown needs to be less than your daily profit.

But there isn’t enough hours in a day for me to safely hit 5% profit, 1% is a more realistic daily goal with acceptable risk. Recently it’s been hard to find enough setups to even get 0.50% increase in equity, so we have to accept what the market gives us.
Trading thin liquidity at the boundary of the charts
  • #1,470
  • Jun 22, 2021 5:15pm Jun 22, 2021 5:15pm
Quoting RickM
{quote} The more you risk, the higher chance of you blowing up your account. Didn’t I read you also claimed you have hit 5% a day like Peter?. I only allow my drawdown to hit 0.30% on any setup and still make a good daily profit. If you can’t trade smaller, trade more often with intelligent aggression. I expect to make about 0.15% profit per hour scalping with about 20 setups. I think I will repeat this, to be labeled a good trader and achieve a daily pass mark, your highest daily drawdown needs to be less than your daily profit. But there isn’t...
No there's a misunderstanding. I never claimed such thing and i even said that this 5% target is not sustainable in the long run. I just said "you get what the market gives" I am also not a scalper or daytrader so you probably confused me with another member
You have to have an IQ higher than 90 to interact with this user.
  • #1,471
  • Jun 22, 2021 5:15pm Jun 22, 2021 5:15pm
Quoting Nordling00
{quote} I can't keep my drawdown on 1% since i open big lots compared to my capital. I will keep it under 1% when i get comfortable with the amount of my capital. The more you risk the more you gain. And vice versa. I am not interested in Peter and Tim's scamming activity though, even if they were to give me a trillion dollars. Peter and Tim's scheming plan is exposed. Tim is a commercial member now Please stop this non-sense. All they talk about is philosophy and stuff but i can't see any facts about trading here. I have no respect to people...
What Happen let put them freezer and iscpect, I Wroted you longer answer, we should meet chinese gasoline station
dinner time.

I mean how to fuck you can keep your ddd under 1%nif you same profits what do and you dsu you investmennt horizon iso over week
equation not match

If so, well done.
  • #1,472
  • Jun 22, 2021 5:25pm Jun 22, 2021 5:25pm
Quoting GEfx
{quote} I will admit that I rarely read any of TraderTim's posts, but his last few caught my attention in that they seemed to be a direct attempt to snare a trader(s). And anytime someone says "you can trust me", you better protect your wallet. But what is most disappointing is that there's been no discussion about the great trading yesterday and today. There are a few brutal truths to talk about, but we're stuck for now. Too bad.
I have put up some posts about brutal truths, but everyone's mileage may vary.

1. Trade small, very small.
2. Trade often, very often.
3. Build positions, if you cannot vary your position size, then trade correlated pairs.
4. Put the odds in your favor enter a position and hold until given a reason to sell.
5 Use hard stops, but soft targets.
6. A losing trade is trying to steal from you. Give it a chance to do it's job, but after that, kill it as if it was trying to molest your spouse.
7. Trading for a living will require a six figure account to be stress free.

This list is based on commission free brokers and the need to get around very peculiar rules in the USA. PDT for stocks and FIFO in FX.
If you are good at something, never do it for free--Joker
  • #1,473
  • Jun 22, 2021 5:28pm Jun 22, 2021 5:28pm
Quoting kk100
{quote} What Happen let put them freezer and iscpect, I Wroted you longer answer, we should meet chinese gasoline station dinner time. I mean how to fuck you can keep your ddd under 1%nif you same profits what do and you dsu you investmennt horizon iso over week equation not match If so, well done.
Man what are you talking about? I am not claiming anything. God where am i?! I never said i keep anything under 1% or targeted 5%. I am not even a daytrader or a scalper. I never claimed these things what

Inserted Video
You have to have an IQ higher than 90 to interact with this user.
  • #1,474
  • Jun 22, 2021 5:30pm Jun 22, 2021 5:30pm
Quoting Nordling00
{quote} I can't keep my drawdown on 1% since i open big lots compared to my capital. I will keep it under 1% when i get comfortable with the amount of my capital. The more you risk the more you gain. And vice versa. I am not interested in Peter and Tim's scamming activity though, even if they were to give me a trillion dollars. Peter and Tim's scheming plan is exposed. Tim is a commercial member now Please stop this non-sense. All they talk about is philosophy and stuff but i can't see any facts about trading here. I have no respect to people...
Yep understood, but i dont think about jim, or thenwell fool me. i think you are wrong
  • #1,475
  • Jun 22, 2021 5:35pm Jun 22, 2021 5:35pm
Sorry then you delete it.
I saw your claim. dont worry its x-mas and warm everywhere. i didnt pull from my hat what you
wrote earlier.
  • #1,476
  • Jun 22, 2021 5:38pm Jun 22, 2021 5:38pm
Quoting kk100
Sorry then you delete it. I saw your claim.
What?? Show me where did you see it?


Attached Image
You have to have an IQ higher than 90 to interact with this user.
  • #1,477
  • Jun 22, 2021 5:39pm Jun 22, 2021 5:39pm
How many days you think if everyone knows, all we win. or at least if you tell truth, and as allways when you tell truth they think its lie.
i mean hate zoltan,rick,victory,ruyruy,bilal en rest,....
  • #1,478
  • Jun 22, 2021 5:45pm Jun 22, 2021 5:45pm
Quoting Nordling00
{quote} What?? Show me where did you see it? {image}
WHat the fuck. happy dude got grants, WHats your POint, is there anyway you can educate yourself, o i couldnt catch your point
We allready have nice time with Peter , Please dont don this much more complicated, because some of our members are so genours and give very valuable tips,hints and charts
YOu sound much more valuable nice and kind but please. thank you... or lets burn it down


Thank you
  • #1,479
  • Edited 6:14pm Jun 22, 2021 5:59pm | Edited 6:14pm
Quoting Nordling00
{quote} Man what are you talking about? I am not claiming anything. God where am i?! I never said i keep anything under 1% or targeted 5%. I am not even a daytrader or a scalper. I never claimed these things what https://www.youtube.com/watch?v=C-sd4Tf4pHk
Hi Nordling00

You said this -

Sometimes it can be more than 5%, sometimes there will be no volatility at all

I was quite disappointed to read that from you when you seem to know how to trade.
For me that proves your trade size is far too big and the next wipe out of your equity could be anyday.

Of course if you meant that as a swing trader long term, that's different (but you wouldn't trade large).
But as a day trader - 5% is just a dream
Trading thin liquidity at the boundary of the charts
  • #1,480
  • Jun 22, 2021 5:59pm Jun 22, 2021 5:59pm
All fellow beautilfull Nice Traders, Have you ever think if we told our secrest like
alaskan deaslist really crapper, which me thing how many days would peter ne greeen hooooorne ther and telll god investment tips on ice sea gull
COME ON GREAT FELLOW MENTEEL YOUR SEDCREST: ITS ONL OUR FLEET,
sorry i am joking what i heard earlie.
I MEAN EVERY PIPS COUNt and beautifulll people and fishing
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