The brutal truth of day trading | Page 178 | Forex Factory

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The brutal truth of day trading

  • #3,541
  • Sep 14, 2021 2:30am Sep 14, 2021 2:30am
Quoting Aussi
{quote} well you know where to look if you are serious
Thanks,I'm very serious but have limited time on my hands due to age and health so I'd appreciate a place to start on your thread.Thanks in advance.
  • #3,542
  • Sep 14, 2021 3:00am Sep 14, 2021 3:00am
Quoting edge540
{quote} Thanks,I'm very serious but have limited time on my hands due to age and health so I'd appreciate a place to start on your thread.Thanks in advance.
https://www.metalsmine.com/thread/93...hing-i-want-to
  • #3,543
  • Sep 14, 2021 5:55am Sep 14, 2021 5:55am
Quoting Dingoman-two
{quote} ...the forex market is going to disappear and it will be too late, The fiscal/monetary system as we know it is on its way out folks, And it's happening right in front of your eyes as we all type...
I can see that happening. And the Forex market is becoming harder to trade because of it. Many Forex traders are moving over to crypto.
Learn from your mistakes and march on.
  • #3,544
  • Edited 7:12am Sep 14, 2021 6:32am | Edited 7:12am
Quoting here2there
{quote} I can see that happening. And the Forex market is becoming harder to trade because of it. Many Forex traders are moving over to crypto.

Spot on there my friend,

I only play with Gold and Bitcoin myself,

But trading currencies It Is the same as trading everything else,

The whole idea of my posts is to shut down the losers and the knockers in this thread,
By trying to give those who wish to trade,
a chance to learn,

Aussies thread is the place to be my friend,
If there are others who wish to learn how to trade,
then please go there,

  • #3,545
  • Sep 14, 2021 7:26am Sep 14, 2021 7:26am
Quoting Dingoman-two
{quote} https://www.metalsmine.com/thread/93...hing-i-want-to
Gee thanks,I've been looking at that thread but most of the posters talk in some unintelligible code......just look at the last few pages,people arguing about nonsensical stuff!!!!!
  • #3,546
  • Sep 14, 2021 11:30am Sep 14, 2021 11:30am
Quoting Dingoman-two
{quote} Spot on there my friend, I only play with Gold and Bitcoin myself, But trading currencies It Is the same as trading everything else, The whole idea of my posts is to shut down the losers and the knockers in this thread, By trying to give those who wish to trade, a chance to learn, Aussies thread is the place to be my friend, If there are others who wish to learn how to trade, then please go there,
My concern is US citizens may end up being regulated out of the crypto market. The greedy SEC is screwing us all over.
Learn from your mistakes and march on.
  • #3,547
  • Sep 14, 2021 2:10pm Sep 14, 2021 2:10pm
Quoting edge540
{quote} Gee thanks,I've been looking at that thread but most of the posters talk in some unintelligible code......just look at the last few pages,people arguing about nonsensical stuff!!!!!
Then start here, my friend

https://www.forexfactory.com/thread/...-actually-work
  • #3,548
  • Sep 14, 2021 2:15pm Sep 14, 2021 2:15pm
Quoting here2there
{quote} My concern is US citizens may end up being regulated out of the crypto market. The greedy SEC is screwing us all over.
The SEC has not screwed us over at all,
It is us who have failed to get legal representation at the right time,
To argue our case, so we have no one to blame other than ourselves, my friend.
  • #3,549
  • Sep 14, 2021 4:25pm Sep 14, 2021 4:25pm
Quoting Dingoman-two
{quote} The SEC has not screwed us over at all, It is us who have failed to get legal representation at the right time, To argue our case, so we have no one to blame other than ourselves, my friend.
Read John Deaton's tweets, and you will see what I am talking about concerning the SEC.
Learn from your mistakes and march on.
  • #3,550
  • Sep 15, 2021 3:59am Sep 15, 2021 3:59am
Quoting edge540
{quote} Thanks,I'm very serious but have limited time on my hands due to age and health so I'd appreciate a place to start on your thread.Thanks in advance.
That thread it is also called the Fantasy Thread. In there, you will find the biggest density of forex bilionaire, trilionaire and bilion-trilionaire in the entire world. The minimum lot size in there is 100 lots. But usually they trade 300, 500 and even 1000 lots at once.

The only thread that competes with this one, is Amazing Strategy of Merlin. You can start in there if you want lol.

Enjoy,
B
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #3,551
  • Sep 15, 2021 9:03am Sep 15, 2021 9:03am
Quoting edge540
{quote} Thanks,I'm very serious but have limited time on my hands due to age and health so I'd appreciate a place to start on your thread.Thanks in advance.
friendly advice - trade stocks. simple strategy - buy the dips. trade blue-chip companies like MSFT, AAPL, CRM, FB etc wait when stock drop 5% - buy. never sell those good companies. if still go down an additional 10% - buy again (good stuff now costs even cheaper). Do not use leverage. use platforms like etoro, revolut or robinhood. If missed entry... still go down... never sell... wait. wait even 3-6 months. If no leverage is used - no swaps. some stocks pay good dividends - for example VZ or IBM. Just keep your stocks and wait.

forget about daily living from fx trading. that's not possible if small capital. all who brag and tell it is possible - lie. nobody of them cant prove with some accounts statistics. just cheap talking. trade stocks and be safe.

with this buy dips strategy for good companies stocks you need no indicators and no line drawing on chart... very simple approach for newbies. nothing to learn n years.

you can earn about 40% yearly trading stocks with buy dips strategy. use compounding and scale year by year. after 10-20 years will have good capital. no short-term success here is possible. all who promise you a fortune in 1-2 years - lie.

read my profile -see all my posts will see a lot of examples and info regarding stocks trading.
  • #3,552
  • Sep 15, 2021 10:37am Sep 15, 2021 10:37am
Quoting gepards
{quote} friendly advice - trade stocks. simple strategy - buy the dips. trade blue-chip companies like MSFT, AAPL, CRM, FB etc wait when stock drop 5% - buy. never sell those good companies. if still go down an additional 10% - buy again (good stuff now costs even cheaper). Do not use leverage. use platforms like etoro, revolut or robinhood. If missed entry... still go down... never sell... wait. wait even 3-6 months. If no leverage is used - no swaps. some stocks pay good dividends - for example VZ or IBM. Just keep your stocks and wait. forget...
That seems to be a good strategy for trading stocks. I am planning on getting into stocks.
Learn from your mistakes and march on.
  • #3,553
  • Edited 6:05pm Sep 15, 2021 4:32pm | Edited 6:05pm
Truth? "Thumbs Up" if you are in on this journey or have been though this journey. Comment at what stage you are in.

Given up already? Do yourself a favour by looking at this chart again. Hope this will motivate some of us/brothers in the game.
Attached Image
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #3,554
  • Sep 15, 2021 4:57pm Sep 15, 2021 4:57pm
Quoting pipibrasci
Truth? "Thumbs Up" if you are in or have been though this journey. Comment at what stage you are in. Given up already? Do yourself a favour by looking at this chart again. Hope this will motivate some brothers in the game. {image}
Hi pipibrasci

Nice description of a pathway a profitable trader follows.
I do feel many profitable traders may still have a bad month a year due to ill described, so the odd dip below the line with a few holes in the trading room wall will be expected.
Make sure you keep good buddies with any plasters because you make need to call him once or twice a year.

I still have a hole in the wall unfixed from January, where is his number?

Cheers
Trading thin liquidity at the boundary of the charts
  • #3,555
  • Sep 15, 2021 5:16pm Sep 15, 2021 5:16pm
Quoting pipibrasci
Truth? "Thumbs Up" if you are in or have been though this journey. Comment at what stage you are in. Given up already? Do yourself a favour by looking at this chart again. Hope this will motivate some brothers in the game. {image}
"Veteran" traders tend to think they are at the maturity/optimisation stage. The reason is their account show profit and they are full of knowledge, experience and skill to make money.

Assume you're a "veteran" roulette gambler. You know all the systems betting don't work since you spent years testing and learning the math. Then you turn to advantage play, acquire the knowledge and skill. You begin to see profits and less losses. You feel you are now more knowledgeable and have gained the required skill. You begin to gamble for a living full time at the roulette tables racking up profits month after month. You think of yourself as a pro gambler.

There's no difference between "successful" AP gambler and Forex trader. However, there are only a handful of gamblers and traders(0.01%) who are truly successful that made money that change their financial status and retain it. The rest fall under this category of "veteran" gamblers or Forex traders.
Know what you trade
  • #3,556
  • Sep 15, 2021 5:44pm Sep 15, 2021 5:44pm
Quoting BWilliam
{quote} "Veteran" traders tend to think they are at the maturity/optimisation stage. The reason is their account show profit and they are full of knowledge, experience and skill to make money. Assume you're a "veteran" roulette gambler. You know all the systems betting don't work since you spent years testing and learning the math. Then you turn to advantage play, acquire the knowledge and skill. You begin to see profits and less losses. You feel you are now more knowledgeable and have gained the required skill. You begin to gamble for a living...
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #3,557
  • Sep 15, 2021 6:00pm Sep 15, 2021 6:00pm
Quoting RickM
{quote} Hi pipibrasci Nice description of a pathway a profitable trader follows. I do feel many profitable traders may still have a bad month a year due to ill described, so the odd dip below the line with a few holes in the trading room wall will be expected. Make sure you keep good buddies with any plasters because you make need to call him once or twice a year. I still have a hole in the wall unfixed from January, where is his number? Cheers
"I do feel many profitable traders may still have a bad month a year due to ill described, so the odd dip below the line with a few holes in the trading room wall will be expected." ----- No Doubt!

"Make sure you keep good buddies with any plasters because you make need to call him once or twice a year." ---- Word!

"I still have a hole in the wall unfixed from January, where is his number?" -----
Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #3,558
  • Sep 17, 2021 3:35am Sep 17, 2021 3:35am
Quoting PeterCaleb
Peter
It boggles the mind HOW so many people managed to EVEN think they can communicate when their eloquence is mediocre at best. and their message is nothing original. It's like they go thru life without the basic capability of thinking.
  • #3,559
  • Sep 17, 2021 5:19pm Sep 17, 2021 5:19pm
Quoting BWilliam
{quote} "Veteran" traders tend to think they are at the maturity/optimisation stage. The reason is their account show profit and they are full of knowledge, experience and skill to make money. Assume you're a "veteran" roulette gambler. You know all the systems betting don't work since you spent years testing and learning the math. Then you turn to advantage play, acquire the knowledge and skill. You begin to see profits and less losses. You feel you are now more knowledgeable and have gained the required skill. You begin to gamble for a living...
the most a person can hope for is to remember as much as possible and write down everything else. Since i started looking around i've noticed that many things repeat. Maybe some traders with long history are like you describe here, but i gotta say some have made wisdom while others just want money. maybe sometimes its not about trading.
I believe simple is best
  • #3,560
  • Sep 18, 2021 7:57pm Sep 18, 2021 7:57pm
Quoting gepards
{quote} friendly advice - trade stocks. simple strategy - buy the dips. trade blue-chip companies like MSFT, AAPL, CRM, FB etc wait when stock drop 5% - buy. never sell those good companies. if still go down an additional 10% - buy again (good stuff now costs even cheaper). Do not use leverage. use platforms like etoro, revolut or robinhood. If missed entry... still go down... never sell... wait. wait even 3-6 months. If no leverage is used - no swaps. some stocks pay good dividends - for example VZ or IBM. Just keep your stocks and wait. forget...
thats where i got my background on trading i traded penny stocks , moved on to forex and the background helped me a lot, i still have a hand in stocks and trade the aus200 on forex , some can not do the transmission to forex but in the end it is about the cash stocks or forex
people leave, but this thread will go on for ever
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