• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 7:55pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 7:55pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

The truth about trading 161 replies

Truth about trading 9 replies

Truth about online trading...Is this us also? 5 replies

Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies

The Bonehead Trader..please be brutal!! 47 replies

  • Trading Discussion
  • /
  • Reply to Thread
  • Subscribe
  • 760
Attachments: The brutal truth of day trading
Exit Attachments
Tags: The brutal truth of day trading
Cancel

The brutal truth of day trading

  • Last Post
  •  
  • 1 185186187188189 Page 190
  • 1 189 Page 190
  •  
  • Post #3,781
  • Quote
  • Jan 28, 2022 11:32am Jan 28, 2022 11:32am
  •  kette
  • Joined Jan 2018 | Status: Member | 15,764 Posts
Quoting pipibrasci
Disliked
{quote} Good, now if you have something to share to make a point do so rather than trolling posts, making sarcastic comments, posting animal pictures on a thread like this. You learnt how to trade by reading books and putting in the effort to practice what you have read. You didnt just open a trading account and started trading. Every trader has to go through a phase before getting that satisfaction. Questions are asked here. No single one person knows it all. If you isolated yourself for 5 yrs to master the skill to trade and put in 12hrs a day...
Ignored

it doesn't matter what is written here.
I have never read the book because the reality is different.
why do so many lose their money, there is a reason for it.
wrong time
wrong market
no volume
ready
stay healthy and dream on
 
2
  • Post #3,782
  • Quote
  • Jan 28, 2022 11:36am Jan 28, 2022 11:36am
  •  pipibrasci
  • Joined May 2021 | Status: Member | 798 Posts
Quoting kette
Disliked
{quote} it doesn't matter what is written here. I have never read the book because the reality is different. why do so many lose their money, there is a reason for it. wrong time wrong market no volume ready stay healthy and dream on
Ignored
Good!
Grit; Knowledge; positive mindset; all you need to overcome; KIS!!!
 
1
  • Post #3,783
  • Quote
  • Feb 2, 2022 2:08pm Feb 2, 2022 2:08pm
  •  Nordling
  • Joined Apr 2021 | Status: KA-CHOW! | 3,507 Posts
I come to this thread from time to time so i can spit out some lessons and tips that i have learnt.

The brutal truth of trading (not just daytrading) is if you are a person who always looks at things subjectively and cannot criticise himself, who never questions his decisions, who makes up excuses for his mistakes rather than actually studying those mistakes and learning from it, you will never be successful in trading.

Being confident and being an egoist are two very different things. Remember, you are nothing but a dust in this market and in the universe. This whole thing is way more bigger than you. Don't turn trading into an ego war, you can't beat the market with your stubbornness, obsessions and beliefs.

So make your plans, calculate the risks and fears, study instead of making up excuses and keep yourself up to date. Don't lose your connection with the reality.

Always be a realist.

When you finish questioning yourself, when you finish making your plans and calculating every risk and outcome, stick to your plan confidently. That's when you will need confidence.

Or let me say it in a more harsh way, your fragile ego doesn't matter and market will crush you if you stand in his way. You don't matter, there's 7 billion people out there, and there's trillions of dollars circulating every single day. World and the market do not care about if you exist or not.

You are always replacable. So follow the world and the market, because it won't follow you.
I make my own luck.
1
5
  • Post #3,784
  • Quote
  • Feb 7, 2022 7:16am Feb 7, 2022 7:16am
  •  Mpfreefx
  • | Joined Jun 2019 | Status: Member | 124 Posts
possible hit to the low.
Attached Image (click to enlarge)
Click to Enlarge

Name: usdcad-m15-tw-corp-2.png
Size: 44 KB
"TIME AND PRICE IS ALL THERE IS"
 
 
  • Post #3,785
  • Quote
  • Feb 7, 2022 9:12am Feb 7, 2022 9:12am
  •  Mpfreefx
  • | Joined Jun 2019 | Status: Member | 124 Posts
low it is then....
Attached Image (click to enlarge)
Click to Enlarge

Name: usdcad-m15-tw-corp-2.png
Size: 49 KB
"TIME AND PRICE IS ALL THERE IS"
 
 
  • Post #3,786
  • Quote
  • Feb 19, 2022 6:03pm Feb 19, 2022 6:03pm
  •  pipibrasci
  • Joined May 2021 | Status: Member | 798 Posts
Quoting HTG
Disliked
{quote} Dont take this as an attack on you, I can only read this and think where you are mentally. Your statement..."You can earn a wage just with a click in the comfort of your own home"…that’s a big problem and your mentality is nowhere near where you need to be to be trading successfully. Forex is not a comfortable business, in my opinion no successful business is comfortable and you dont want it to be or you will not succeed. Its not a bad thing. Get comfortable being uncomfortable, finding success in anything will...
Ignored


Quoting HTG
Disliked
{quote} Dont take this as an attack on you, I can only read this and think where you are mentally. Your statement...

Trading/Investing day in and day out, week over week, month over month and being consistent at it year after year….thats working your ass off and it not easy. If I could leave you with something here, if you are serious about this business or any business re-read what I said above. Dont fall into the trap of the current society leading you to believe the current narrative about "the great resignation"...
Ignored
Grit; Knowledge; positive mindset; all you need to overcome; KIS!!!
 
 
  • Post #3,787
  • Quote
  • Feb 20, 2022 7:32am Feb 20, 2022 7:32am
  •  momo3HC
  • | Joined Feb 2019 | Status: Member | 200 Posts
Quoting Nordling
Disliked
I come to this thread from time to time so i can spit out some lessons and tips that i have learnt. The brutal truth of trading (not just daytrading) is if you are a person who always looks at things subjectively and cannot criticise himself, who never questions his decisions, who makes up excuses for his mistakes rather than actually studying those mistakes and learning from it, you will never be successful in trading. Being confident and being an egoist are two very different things. Remember, you are nothing but a dust in this market and in the...
Ignored
Useful lesson share.
 
1
  • Post #3,788
  • Quote
  • Feb 23, 2022 3:16am Feb 23, 2022 3:16am
  •  katienotcat
  • | Commercial Member | Joined Jan 2022 | 111 Posts
I Want to be day trader ,But the position is actually held for a very short period of time。
 
 
  • Post #3,789
  • Quote
  • Mar 9, 2022 6:37am Mar 9, 2022 6:37am
  •  F.g
  • Joined Aug 2016 | Status: Member | 6,941 Posts
Quoting kette
Disliked
{quote} the brutal truth is. If you want to drill a hole, you need a real drill. If you want to act properly, you need the right tools and knowledge. praying to god or jesus !!!! will not help you, the stock market is not a church.
Ignored
.......Praying to God and Jesus will certainly help you...[ in many ways...]

Not only the Stock market , but the WHOLE World is a church.

Kind regards,

 
 
  • Post #3,790
  • Quote
  • Edited 5:59am Mar 10, 2022 5:43am | Edited 5:59am
  •  JauntyLoon
  • | Joined Jul 2021 | Status: Member | 989 Posts
Quoting remonpilip
Disliked
Most traders operate with no idea if their methodology has a statistical edge.
Ignored
Yes! So what should they do? Should they demo-trade for at least 5 years so that they experience enough bull/bear trends to make sure their method works? Or should they learn algorithms and experiment on historical data? Or should they just not be trading FX in the first place?

This is such an important point. It doesn't matter how 'hard' you work; it doesn't matter if your money management is second to none. If you can't generate profit consistently, you won't make any money.

All that technical analysis can do is show you what you should have done in the past.

This is why the most money to be made in TA is in selling your 'analysis' or your trading courses to other people, not in using it for your own trading (since 99.5% of retail traders lose money and burn out within 5 years).
 
1
  • Post #3,791
  • Quote
  • Mar 10, 2022 8:07am Mar 10, 2022 8:07am
  •  Ieis5
  • | Joined May 2021 | Status: Member | 105 Posts
Quoting kette
Disliked
{quote} with all friendship Anyone who is afraid should remain a demotrader. Quite simple anyone who can't do it is simply stupid.
Ignored
every educator knows this is completely wrong
 
 
  • Post #3,792
  • Quote
  • Mar 10, 2022 8:14am Mar 10, 2022 8:14am
  •  kette
  • Joined Jan 2018 | Status: Member | 15,764 Posts
Quoting Ieis5
Disliked
{quote} every educator knows this is completely wrong
Ignored

I'm glad you are one.
omg
Attached Image (click to enlarge)
Click to Enlarge

Name: w918_h693_x459_y346_np-internet_waschbaer_GV5249QTC.1-c9cbf58c2536c331.jpg
Size: 104 KB
 
1
  • Post #3,793
  • Quote
  • Mar 13, 2022 5:36am Mar 13, 2022 5:36am
  •  F.g
  • Joined Aug 2016 | Status: Member | 6,941 Posts
Quoting kette
Disliked
{quote} I'm glad you are one. omg {image}
Ignored
 
1
  • Post #3,794
  • Quote
  • Mar 13, 2022 7:42am Mar 13, 2022 7:42am
  •  kette
  • Joined Jan 2018 | Status: Member | 15,764 Posts
Quoting f.g
Disliked
{quote}
Ignored

i love these free spirits and super demo traders
 
1
  • Post #3,795
  • Quote
  • Mar 13, 2022 7:58am Mar 13, 2022 7:58am
  •  zentradingz
  • | Joined Mar 2022 | Status: Junior Member | 2 Posts
I think trading a small account for practice is not a bad idea at all. At the end of the day, the most valuable thing we lose is our time. Trading small accounts will sharpen our psychological edge at least. That's my two cents.
 
1
  • Post #3,796
  • Quote
  • Mar 13, 2022 9:06am Mar 13, 2022 9:06am
  •  kette
  • Joined Jan 2018 | Status: Member | 15,764 Posts
educator called and a professional youtube trader ,mentor and the church. success!!!!!!
without fear
Attached Image (click to enlarge)
Click to Enlarge

Name: vera.jpg
Size: 253 KB
 
 
  • Post #3,797
  • Quote
  • Mar 21, 2022 2:45pm Mar 21, 2022 2:45pm
  •  gepards
  • Joined May 2020 | Status: Newbie | 591 Posts
Quoting gepards
Disliked
ok ok. there is 1 thing i want. here is the deal - I want red diamond well.. i just want it. that's it. people want things... you know.. so make me red diamond (engage needed count of people to follow me) then I will trade 3 months manual with 1 trade per week and no scalping.
Ignored
Attached Image (click to enlarge)
Click to Enlarge

Name: red_diamond.png
Size: 67 KB

returned here in FF from vacation/traveling and what i see? yes... it is quite red now

thank you all subscribers!!
 
2
  • Post #3,798
  • Quote
  • Last Post: May 20, 2022 7:49am May 20, 2022 7:49am
  •  turnip15
  • Joined Sep 2006 | Status: Member | 9,739 Posts
Quoting RickM
Disliked
{quote} Day traders don't trade like that, we just aim for profit targets between 0.25% to 0.75%% every trading day. If we can achieve a draw down level less than our total profit level - we are happy. A wage is all a day trader desires - A rich lifestyle for day traders is just a joke we dish up for those long term traders to get a reaction. They can't resist to bite every time I do agree with you on those youtube bullshit artists, just looking for suckers to sell signals or worst.
Ignored
Well Rick -you are right
https://futures.io/trading-reviews-v...tml#post864292
every Saint has a past. Every Sinner has a Future
 
 
  • Trading Discussion
  • /
  • The brutal truth of day trading
  • Reply to Thread
    • 1 185186187188189 Page 190
    • 1 189 Page 190
0 traders viewing now
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023