The Secret to Success and profitable trading - What is it?

Discipline and patience towards entry edge and exits.

Not being emotionally attached to any trade and more afraidafraid of not maintaining strategy than missing entry( profit).

Capital preservartion and good Risk to reward ratioof at least 1:1.5.

Serenity to miss a kiss and Courage to kiss a miss.

Hi all, I’m back on after 4 years. It’s been a very busy time. Big thanks to George and his trading methods as this has allowed me to develop a very profitable trading bot which is averaging 2% per day . How is everyone’s trading going?

The secret is very easy but very hard to find or achieve:

Tight SLs and much bigger profits.

A method (like in poker) when the big players enter in a certain direction and hold it for a period of time to drive the price much further.

I don't wanna advertise here any channels but SMB Capital has some good/interesting vids on their youtube channel.

Maybe you can learn something.

Welcome back@Daniel2775. I hope you have fortunate fund ,then you can help me to make some . I am still here and wait for you to hep me some technique . I dont lke to trade with bot . How are you ? I thought I never have chance to chat with you . Let me know when is the time you can continue to help me like you promised long ago. Take care . I am glad you have stable income ,then you can help other trader like me.I looked forward to hear from you @Daniel2775.

Hope your making pips Munchie

unfortunately, most retail traders do not have a real edge over other traders. money management plays a role and so does psychology but the real problem is lack of real edge. technical analysis indicators or patterns that most retail traders use doesn't give you a sufficient enough edge to make consistent returns, imo.

I think that the key aspect in market understanding is the comprehension of the scale of the game, specifically the timeframe that currently plays the main role. Retail traders often focus on the 1-minute or 15-minute timeframe, which is something that should be avoided.

There are so many aspects to trading success that have been covered extensively elsewhere. The two big ones are personal psychology and risk management. Ironically new traders are impatiently obsessed with trade entry systems. To me this is the least important part of developing a comprehensive trading plan. Patience, perseverance, emotional control, and solo operating (trading is lonely), clear mindedness, and determination are critical trader qualities. With these in place, new traders need to learn and hone skills with demo accounts backtesting, and journaling for around 12 months. After then three to six consecutive months, at least, of profitable demo trading (no cheating), you can consider a trading a live account. Unlike many I believe a minimum of $10,000 is necessary to give trading flexibility going forward. Even then you'll need more capital to generate significant returns. Prop firms are one possibility but I have read of around 1-5% acceptance and success only.

FRIENDLY WARNING DONT GIVE THIS SCAMMER MONEY TO TRADE FOR YOU

I've noticed a good amount of self proclaimed successful traders on this forum that got there by luck. Daniel2775 is no exception. He did NOT discover how to trade profitably, someone else told him how to do it. He was lucky to find an expert who taught him the secrets. If his mentor did not spill the beans for him, he would be still struggling and losing money. Daniel2775 is no different than any losing trader here. He simply had luck while most others don't have that luck. His entire success is due to luck. I suggest you GTFO from this forum and never make another post!

All the things you are saying about the mindset you should have in the market are actually true, but this forum is full of people saying the same things. You bring no value here so why are you here? Unless you gonna tell these secrets you were SPOON FED, just STFU, GTFO and stop wasting everyone's time!!!

there is no single secret. it is a package deal.
it is just general knowledge but we keep on looking for some thing magical that can work in an instant.

if there is one, it is to build on and improving on what we have already known.
the problem is we just know superficially.
the question is have we know enough like the back of our hand?

for me, i am mainly using breakout retest, and engulfing to trade.
most of us know what they are about.
what about the application?
have we apply those two to multi time frames, higher time frames, lower time frames.
do we know that engulfing does not only mean 2 candles only, it can also be in pattern form.

on the other hand, the foremost thing is capital protection.
do not use high unit lots, do not over trade.
and requiring the patience to wait for trade set up.

if we focus and keep on building a method based on what we know best and comfortable with, keep on applying and knowing it well.
we may be losing in the beginning because we are not familiar.
have the confidence that it will be working fine in the medium term.
looking at profit and loss on a weekly basis, not to be disheartened by a couple of days losses.
do not use short cut to get success. they have to be earned.