The brutal truth of day trading | Page 103 | Forex Factory

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The brutal truth of day trading

  • #2,041
  • Jul 18, 2021 4:38am Jul 18, 2021 4:38am
Quoting BlackNapkins
Because only 5% people is smart enough to use it as motivation to work, rest, 95% will hate you... so simple ...
Dont see here in FF 95% heiters. Maybe 10% like Peter trolls etc..

Quoting bilal1947
i dot know if youre looking for some signal service or what you will get seeing a 100k account it will add 0 value to you.
to see max drawdown, lots size, averaging levels count, trading start/end times, trading history length.
  • #2,042
  • Edited 5:23am Jul 18, 2021 4:48am | Edited 5:23am
What is the next target?
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USDCAD: Even with slow momentum we have plenty time to hit 1.41 till 2022.03
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  • #2,043
  • Jul 18, 2021 5:23am Jul 18, 2021 5:23am
I think I stirred up a storm with my posts.

My posts carry no ill intention to attack anyone.

I was addressing possible integrity issues on the main forum.
I wrote clearly what I think, carefully select the words.

My posts are NOT personal accusation.

This is my personal opinion.
About a number of specific issues I touch on.

All of us have our own personal opinion.
You may disagree. I respect your opinion.
Know what you trade
  • #2,044
  • Jul 18, 2021 5:24am Jul 18, 2021 5:24am
Quoting scherzi
We are aware that most of the courses, techniques are false and that your broker just wants you to lose your money asap because they know you (not you, but their clients) are a loser and they need to take away your money fast before you leave. Everything that will be taught about trading by your broker will be oriented for you to become a professional loser. Chart patterns, technical indicators, japanese candleshits, fibonacci trading. Be prepared to become the #1 loser with all that crap.
Not all brokers. Scammers yes - they need 2 traders, their "consultants" for trader A tell "SELL" for trader B the same time the same symbol tell "BUY". With "all in". One of the traders loses all, but another wins huge. Then for that "winner" their "consultants" say "See how we made you a fortune - add more money will move you to our elite consultant which trades most lucrative deals". But for looser - they put that in black marketing were advertised "another consultant, another broker" who will be fair and "will fight back your money"... when that cycle ends.. then your contacts are sold/transfered to very bad people who continue to call you to get more money out. They promise to help you to get out lost money from "those bad brokers"... that's a criminal industry of forex..in Russian prisons, there are divisions with telemarketers and internet "gurus" who "consult" "how to invest". If they dont qualify for monthly quotas of "earnings"... they are beaten. So they are very very motivated to scam people all around... create dozens of fake profiles, tell you any story you need to hear... just give money to them...

Because of that I never join private groups anymore. That is too dangerous. Better to speak openly here in FF. I do not trust anyone if not see trading results. Can tell me any story.. "how hard it is"... sorry... brutal truth is that a lot "gurus" come from prisons and are well organized.

So if someone tell 100k, 50k, 10k freely... and no trading account "because I am tired"... bla bla bla

I'm not saying RickM is from prission. Just try to explain why wish to see a trading account and why avoid it when someone advertises his trading group so intensive... see RickM profile posts, search for "group", will see he do that 1 year consistent... never enough? how many is "small group" needed to overcome loneliness?

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p.s.
Good brokers are interested in good traders because they earn commissions of trades. The more traders trade the more brokers earn from commissions. Advertising is very expensive to get new traders.
  • #2,045
  • Jul 18, 2021 5:25am Jul 18, 2021 5:25am
Quoting joyny
{quote} Dont see here in FF 95% heiters. Maybe 10% like Peter trolls etc.. {quote} to see max drawdown, lots size, averaging levels count, trading start/end times, trading history length.
Jony,
Your answer is symptomatic, you are not interested in any other answers, only those that prove you are right.
What you don't see or don't want to see does not automatically mean it doesn't exist.
All the best.
  • #2,046
  • Jul 18, 2021 5:30am Jul 18, 2021 5:30am
Diversify your knowledge and assesment. Grab everything (except two letters "BS") and make your monster. Why waste your time to prove somebody is wrong. Value your time.
  • #2,047
  • Jul 18, 2021 5:40am Jul 18, 2021 5:40am
Quoting joyny
{quote} RickM talking about exact money he operates. 100k, 10k, 50k... "accounts" and "profits"... RickM mentions "trading group" a lot in his posts... RickM talking a lot about his "edge" regarding volumes... liquidity... That might trigger questions to show some proof what is easy to do by exposing at least 1 account. Not a big deal if you are friendly and honest... without hidden aggenda... RickM pictures himself as rich investor/trader... And he needs a group not to be lonely in his forex journey. What is difference of texts in discord, telegram...

There comes a time when it won’t matter to you whether there is evidence or not, or whether someone agrees or disagrees with you.
That took me 10 years, slower than some, maybe quicker than some others.
When a trader can be relaxed reading the forum, taking it with a pinch of salt.... something had changed within that trader.
Rick will know where I’m heading with this, as will a few others.
The traders that I know who are profitable have pretty much moved away, maybe visit once in a while.
Rick likes the interaction and chat, as do I, but he’s under no obligation to show you anything.
You’ll soon work out who who to perhaps interact with, and that person could be someone that has argued with you for 10 years, as I found out...
  • #2,048
  • Jul 18, 2021 5:55am Jul 18, 2021 5:55am
Quoting moodybot
{quote} There comes a time when it won’t matter to you whether there is evidence or not, or whether someone agrees or disagrees with you. That took me 10 years, slower than some, maybe quicker than some others. When a trader can be relaxed reading the forum, taking it with a pinch of salt.... something had changed within that trader. Rick will know where I’m heading with this, as will a few others. The traders that I know who are profitable have pretty much moved away, maybe visit once in a while. Rick likes the interaction and chat, as do I, but...
free ticket to write and claim anything..
  • #2,049
  • Jul 18, 2021 5:59am Jul 18, 2021 5:59am
Quoting Ihlas
Diversify your knowledge and assesment. Grab everything (except two letters "BS") and make your monster. Why waste your time to prove somebody is wrong. Value your time.
I learned a lot while wrote that post.. googled... searched ff... investigated trading results of this averaging 3 years success... when I write I learn and benefit a lot. It is ok to exchange facts/arguments/evidence. why not ask for evidence and facts?
  • #2,050
  • Jul 18, 2021 5:59am Jul 18, 2021 5:59am
Quoting joyny
{quote} free ticket to write and claim anything..
It’s a public forum, it’s to be expected.
  • #2,051
  • Jul 18, 2021 6:03am Jul 18, 2021 6:03am
Quoting BlackNapkins
Jony, Your answer is symptomatic, you are not interested in any other answers, only those that prove you are right.
You are wrong here.

Quoting BlackNapkins
What you don't see or don't want to see does not automatically mean it doesn't exist. All the best.
You are right here.

As you see - in any piece of info can be found truth and some false info also. Choose what is important for you and use it in your life/trading. I agree that in my posts might be truth and some misleading info too. Take what is good for you. Ignore BS from me.
  • #2,052
  • Edited 7:08am Jul 18, 2021 6:05am | Edited 7:08am
Quoting joyny
Because of that I never join private groups anymore. That is too dangerous. Better to speak openly here in FF.
I experience more issues with private groups.

Quoting joyny
{quote} I learned a lot while wrote that post.. googled... searched ff... investigated trading results of this averaging 3 years success... when I write I learn and benefit a lot. It is ok to exchange facts/arguments/evidence. why not ask for evidence and facts?
What's weird is the people who accuse you for asking proof are themselves in some way direct or indirect, in public or behind walls asking this same proof from someone else in another space and time. They chose to be selectively blind when it happen elsewhere. Happen with other aspects as well. There's a word to describe this behaviour.

Quoting joyny
... when I write I learn and benefit a lot.
Exactly. There's hidden benefit for those few who write.

IMHO, you should not word your posts to read like a personal attack. The response is predictable counter accusations and defence testimonies. Just read below. vvv
Know what you trade
  • #2,053
  • Jul 18, 2021 6:14am Jul 18, 2021 6:14am
Quoting joyny
{quote} I learned a lot while wrote that post.. googled... searched ff... investigated trading results of this averaging 3 years success... when I write I learn and benefit a lot. It is ok to exchange facts/arguments/evidence. why not ask for evidence and facts?
Sure you can ask for proof if you can learn something. Knowledge is everything. Good for you.
  • #2,054
  • Jul 18, 2021 6:14am Jul 18, 2021 6:14am
Quoting joyny
{quote} Not all brokers. Scammers yes - they need 2 traders, their "consultants" for trader A tell "SELL" for trader B the same time the same symbol tell "BUY". With "all in". One of the traders loses all, but another wins huge. Then for that "winner" their "consultants" say "See how we made you a fortune - add more money will move you to our elite consultant which trades most lucrative deals". But for looser - they put that in black marketing were advertised "another consultant, another broker" who will be fair and "will fight back your money"......
If i where a profitable trader i wouldnt have any problem showing some proof, i mean why would i?
If someone has 50K or 100K in a account, whats the problem? are they ashamed that they have a big account? are they worried that someone will find out where they live and steal their ferrari while they sleep at night?

I would slap all the idiots here in the face with a big fat account, but on the other side, the way that i trade, how i make money in the markets, that i would show only to maybe a family member or a really good friend, probably would never show it on a public forum, because that is the secret, that is what a normal person would want to hide, not the account and how much money you have in it.

But a lot of people here really try to convince others that it works the other way around, that they are really good people and that they want to help others. This is a fucking trilion dollar market, you dont learn how to make money out of it and then go tell everybody how you do it.
  • #2,055
  • Jul 18, 2021 6:24am Jul 18, 2021 6:24am
Quoting joyny
{quote} You are wrong here. {quote} You are right here. As you see - in any piece of info can be found truth and some false info also. Choose what is important for you and use it in your life/trading. I agree that in my posts might be truth and some misleading info too. Take what is good for you. Ignore BS from me.
Will do ...
Stay Well
  • #2,056
  • Edited 6:45am Jul 18, 2021 6:24am | Edited 6:45am
Quoting joyny
{quote} RickM talking about exact money he operates. 100k, 10k, 50k... "accounts" and "profits"... RickM mentions "trading group" a lot in his posts... RickM talking a lot about his "edge" regarding volumes... liquidity... That might trigger questions to show some proof what is easy to do by exposing at least 1 account. Not a big deal if you are friendly and honest... without hidden aggenda... RickM pictures himself as rich investor/trader... And he needs a group not to be lonely in his forex journey. What is difference of texts in discord, telegram...
You are wrong.

I'm trading with RickM every day @ discord group. I never saw him selling or promoting. We just share approaches and ideas, test the things. And as for me I don't need any proof from him. In 90% cases our entries and exist are the same, because we have the same strategy and logic. We just trying to improve the entries and especially exist, because they are more important in that type of trading.

There are a lot of guru here, but there is nothing to learn from them. Because they are not using math, statistics, HF trades, logic. I just don't know, for example, what to discuss with a guy who draw rectangles and arrows on the chart. I found it useless, meaningless and I don't want to waste time for that. Just another one lucky part-time trader who successfully earns impossible amount of % just placing fibos. Not interested.

About averaging. There are at least (I know and use) 6 techniques how to hedge/average the trade. It depends on distance, speed, amount, trading strategy, pair and a lot of other things. If you don't know how to use it why you think it is impossible? If you have test results let's discuss. I have tons and I can say that averaging works but static SL/TP/RRR not.

So I don't know why you all are attacking RickM, because he is the only person here (for me) who I can ask real question about trading and get the balanced correct answer.
Observer effect
  • #2,057
  • Jul 18, 2021 6:43am Jul 18, 2021 6:43am
Goodness it has been 47 hours, you are still arguing for the sake of ego. Use these 47 hours to study 450 images (some are repeated) you should be able to map out how this guy has such high win rate, ok not kette the bs.
  • #2,058
  • Jul 18, 2021 6:45am Jul 18, 2021 6:45am
Quoting mixedbags
Goodness it has been 47 hours, you are still arguing for the sake of ego. Use these 47 hours to study 450 images (some are repeated) you should be able to map out how this guy has such high win rate, ok not kette the bs.
kettle the bs, really? That super winner guy gets angry very fast. Hit you back with a big hammer.
Know what you trade
  • #2,059
  • Jul 18, 2021 7:09am Jul 18, 2021 7:09am
Quoting BWilliam
{quote} kettle the bs, really? That super winner guy gets angry very fast. Hit you back with a big hammer.
she's a lady. Her method is like those pivot guys that posted their 300 - 400 pips charts, now all disappeared no longer posting. It took my girl 2 hours to figure out how they did it.
  • #2,060
  • Jul 18, 2021 7:24am Jul 18, 2021 7:24am
TIME of day, the pip moves, H4 fractal average. I don't use MA crosses but it does not mean that I have search the entire universe to proof that it can't be used. I don't use support and resistance but it does not mean that I have concrete proof to say it cannot work. It will be arrogant of me to discredit how other people trade. But if you ask me which massage spa it Perth, taiwan, hong kong, shaghai, suchow, japan , south korea offer good special service I can tell you.
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