DislikedIt's probably not the right thread to post this but I had to give it a try to get some replies from experienced trades.Ignored
I just finished reading your post for the third time and I am still lost as to what your asking, implying, or suggesting.
I will however take a stab at addressing some of the little nuggets I did manage to comprehend...
Couldn't get all the answer in one go.
There are really FOUR kinds of people you will find at this (and probably any other trading related) FF forum.
You have the Noobs which are by far the largest percentage of the population.
It seems they are the ones your expressing frustration with.
Then there are the helpers, who are sufficiently profitable/competent and make every effort to get the noobs to the next level. Unfortunately there are very few of them anywhere; but it seems FF has a few good groups that progressing well.
Finally you have a silent army of people like YOU that visit the forum occasionally to see if anything is new , what you can take from it.
Then there is a tiny numbers of traders who once develop a certain level of skill, asking, what do you really have to talk about?
More then likely they've have a completely unique way of trading and are somewhat reluctant to hand it out to the world of noobs.
{So this is my first trading week, I'm up 5% for to moment. I have a feeling that I'm lucky and it could end at the very moment.}
You've been trading since 2016, and you're amazed getting up 5% for the week. ?
With you experience , you shouldn't be surprise with that result, coz trading success not calculated by weekly achievement.
Weekly achievement is just a progress towards your yearly target with CONSISTENCY making a progress of 5% a week.
Some newbie can make 100% per week, then blow it within one day. There's no surprise here.
In short, the larger the sample size, the more statistically valid the results. (However, this doesn’t take the possibility of obsolescence into account).
{That you can't believe that based on your rational thinking you actually made profit and it's not just share luck?}
Luck is when preparation meets opportunity.
There is no such thing as luck, there is such a thing as being prepared when you face a task.
In the long term, all that matters is skill.
Luck can only take a fool so far, and it may even be worse if the newbie is lucky in the beginning because he will think he's the big kahuna, will increase his betting size or size of account and eventually get busted big time.
{Every trade that I close with a profit I'm thinking that it could've had ended badly. }
With your experience more than five years, I'm sure you've heard something called TM & MM.
That's where Trade Management and MM comes in. Experienced trade like you shouldn't worry about blowing account as we managed risk. Every trade you put in, there is a limit on how much you're willing to loose.
{I don't have anyone on a personal level neither online whom I can ask questions or seek for advice.}
Everyone here don't have any personal level coaching, we are feeding each other information and sharing trade ideas for other to comments and take action from it. Thus in this thread, you're free to ask anything as same other have the right to ask you.
I guess I'd disagree finding someone personal online to guide you.
People are very different; some have a natural math aptitude, most don't.
Those that do are more likely to be comfortable with math based tools, those that aren't will use other tools, or if they have a natural aptitude to train their intuition, they'll do that and trade naked.
The important thing is to find out what works for you, not following other as those tools are suitable only for them.
{The funny thing is that I actually believe that it's possible but at the same time I'm sceptical about every aspect when it comes to trading}
Yes, you should be..........
This is a completely random market (i.e. no trend bias or counter-bias), the probability of profit and loss is exactly 50/50.
If there are costs, then no system can profit indefinitely under these conditions.
No matter what rules of entry, exit, MM are devised, eventual wipe-out is guaranteed.
However, the smaller one’s position sizes, the slower the descent toward ruin.
A good trader has always patience and does not jump to conclusion so quickly and immaturely.
{It's probably not the right thread to post this but I had to give it a try to get some replies from experienced trades.}
Must agree with you.
This thread will not give you any benefit in short or long term.
Most of us here just hang around and exchange trade ideas and wasting time , whilst helping to one another when necessary.
( I hope the OP of this thread don't kick me out after posting this remarks....)
If you're looking for a thread that fit to your requirement and will serve you, there is few others in FF ( mostly in Commercial Thread), but not this thread.
In here, traders serve the thread, not the other way around.
I value a lot the attributed and perseverance fellow traders here for helping me to trade batter each day. ..
But, from time to time I see people coming in here asking for a profitable trading method they can use to trade.
Unfortunately, this thread doesn't offer one..........
People that are so used to buy all what they need, that they also think they can buy "richness" from the trading system in this thread.... well......
Welcome in the most wonderful thread in FF.
If there was something else of significance in here, feel free to point it out.
Good luck to you.
Regards
PAT
I come from the future.
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