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... Why I am sucessful because of my rules.

  • #1
  • First Post: Edited Aug 22, 2009 4:36pm Aug 21, 2009 7:21pm | Edited Aug 22, 2009 4:36pm
I have seen a lot of traders here which... really ... cant trade. They trade 1 lot which contains all of their balance.

If you trade, please remind that you need rules...
For some to control emotions, and for most, just to keep rhythm.

- I risk 1% at most of my balance.
- I prevent news hours.
- I trade what I see, not what I want.

And of course I wish my competitors good luck :-)
  • #2
  • Aug 22, 2009 3:32pm Aug 22, 2009 3:32pm
Honestly mhein I wouldn't consider us all competitors I think for the most part us traders are on the same side, with a common goal. I do have a question in regards to rule 3, you state ...I trade what I see not what I want...

If you don't mind sharing, what trading rules/guidelines do you employ when you are trading, what do you see and look for before you make the decision to trade?

Thanks

Jeremy
"More important than the quest for certainty is the quest for clarity"
  • #3
  • Aug 23, 2009 7:01am Aug 23, 2009 7:01am
Well, I dont actually trade when the price is high, because I want it to go down, but I trade when I have a clear signal that it is going down...

My trading system is called common sense
  • #4
  • Aug 23, 2009 2:00pm Aug 23, 2009 2:00pm
Quoting mhein
.
- I prevent news hours.
I just want to know how you do this. Do you call the various news services and say "HEY! I am the great mhein. DO NOT RELEASE ANY NEWS TODAY!!"
  • #5
  • Aug 24, 2009 12:06am Aug 24, 2009 12:06am
obeying the rules of your system (let's assume your system has a sound strategy, money management, and risk management) is the way to success).

not overnight though, it takes time to build wealth. Remember: the first million is the hardest
Twitter: @forexpokerpro
  • #6
  • Aug 25, 2009 1:42pm Aug 25, 2009 1:42pm
Quoting magnumfreak
I just want to know how you do this. Do you call the various news services and say "HEY! I am the great mhein. DO NOT RELEASE ANY NEWS TODAY!!"
http://www.forexfactory.com/calendar.php

Quoting BBPI_fxtrader
obeying the rules of your system (let's assume your system has a sound strategy, money management, and risk management) is the way to success).

not overnight though, it takes time to build wealth. Remember: the first million is the hardest
Well its nice to see there is somebody who isnt joking about this... you also gave a very good tip; prevent trading on low volume.
And of course your system is important, which I wish to keep private... but I can tell its nothing complicated, because indicators will only confuse you. :- )
  • #7
  • Apr 8, 2010 9:11am Apr 8, 2010 9:11am
Quoting mhein
http://www.forexfactory.com/calendar.php



Well its nice to see there is somebody who isnt joking about this... you also gave a very good tip; prevent trading on low volume.
And of course your system is important, which I wish to keep private... but I can tell its nothing complicated, because indicators will only confuse you. :- )
So what's the point of this thread? So satisfy your ego?
Time flies like an arrow; fruit flies like a banana.
  • #8
  • Apr 8, 2010 12:03pm Apr 8, 2010 12:03pm
Quoting Bwana
So what's the point of this thread? So satisfy your ego?
mhein was last active AUG last year I wouldn't expect a reply anytime soon Bwana.
  • #9
  • Last Post: Apr 8, 2010 8:07pm Apr 8, 2010 8:07pm
Quoting >Apocalypto<
mhein was last active AUG last year I wouldn't expect a reply anytime soon Bwana.
tee hee hee!!
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