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  • #181
  • Apr 1, 2012 12:05am Apr 1, 2012 12:05am
The pip ninja has walked the path of indiscipline. He now looks back at the past year and half since he took the oat never to fail but he has. He fought the fights he could not win. He has not practiced patience in the art. Pip is developing his own art but his mind is distracted by dreams of grandeur. An indisciplined fighter can not maintain success or a tolerable life. Death before dishonor has been said for many years but it is saying that directly affects pip ninja. The road is long and it is a lonely trip to success. The road is not your friend. There is no time off on the journey. The art of pip ninja was created to cope with the randomness of the fight. Fighting when you are hungry, full, greedy, preoccupied, dreaming and loving his laurels will surely result in ultimate failure. Success can only come from fighting the wars you can win and practicing when others are fighting to change the tide of the war. An equal win loss record is ultimately an overall loss.
No one can create a fighting style for pip. Pip can not bent to the will of others. Pip has used the art of others but they all have only created false hope and belief. Pip has read the scroll of other fighters listing their recent past multiple wins and their plans for ultimate victory. They are usually young and they have not trained long enough to anticipate what all opponents will through at them. They could get hurt and be setback for years or they could lose their fighting spirit from a single mistake.
Pip ninja will build success upon success by acknowledging that the beast he fights is himself. He is as good as the results of his recent battles. He will have confidence in his method and when he fails using it he will learn from it. There are many fights out there, he may miss some that he could have won but it will not influence his future decision making.
  • #182
  • Apr 1, 2012 6:01am Apr 1, 2012 6:01am
Great thread :-)

I have also heared about that 95% - 5% ratio.

Unfortunately i belong with the 5%. I have not made even 2 months in a row. I think the biggest reason for this is that i have not enough experience of trading. Not in Forex and not in anything that consearns trading.
  • #183
  • Apr 1, 2012 7:24am Apr 1, 2012 7:24am
Quoting Trading-Mast
Great thread :-)

I have also heared about that 95% - 5% ratio.

Unfortunately i belong with the 5%. I have not made even 2 months in a row. I think the biggest reason for this is that i have not enough experience of trading. Not in Forex and not in anything that consearns trading.
hm, I think you mean you belong with the 95%. The saying goes that there are 95% losers and only 5% winners, not the other way around.
  • #184
  • Apr 1, 2012 7:32am Apr 1, 2012 7:32am
Quoting FX4Newbies
A few discussion questions (some repeats) in light of the posted results thus far...

1. Do you think Forex Factory members are being honest when they vote?

2. What do you think of the results thus far? (I know the poll is still very young).

3. If you think Forex Factory members are being honest, can you believe the results? (Maybe Forex Factory has some good information for traders).

4. If you think Forex Factory members are being dishonest, what do you think the results should look like percentage-wise?


Regards,

FX4

My take is that most unsuccessful traders won't even vote. People don't like to ponder about their failures. Instead, they will most likely frequent some new system thread. Results may be correct (ie, no fake voters), but only because successful traders will tend to vote more than unsuccessful ones.
  • #185
  • Apr 1, 2012 7:48am Apr 1, 2012 7:48am
Quoting micmic
My take is that most unsuccessful traders won't even vote. People don't like to ponder about their failures. Instead, they will most likely frequent some new system thread. Results may be correct (ie, no fake voters), but only because successful traders will tend to vote more than unsuccessful ones.
yes this is what i also believe,the voters who have voted are being honest unfortunatly the poll will interest more of the winners than the loosers
  • #186
  • Edited 8:35am Apr 1, 2012 7:56am | Edited 8:35am
Quoting micmic
My take is that most unsuccessful traders won't even vote. People don't like to ponder about their failures. Instead, they will most likely frequent some new system thread. Results may be correct (ie, no fake voters), but only because successful traders will tend to vote more than unsuccessful ones.
Results may be correct (ie, no fake voters), but only because successful traders will tend to vote more than unsuccessful ones.

That could be a reason in your mind that the percentage of consistently profitable traders is not actually lower, which might have been your expectation. You also make a valid point though that unsuccessful traders may not vote. So, we just have go with the ones that do I guess.

A similar idea...there may be more alcoholics on the street than in AA meetings or some other type of program. Admitting "failure" can be very hard. Interesting too than in these AA meetings, one of the first things they say is,"Hi, I'm ???, and I am an alcoholic." I'm guessing here, but that is what I have seen in the movies .

Good thoughts,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #187
  • Apr 1, 2012 7:59am Apr 1, 2012 7:59am
Quoting mister me
yes this is what i also believe,the voters who have voted are being honest unfortunatly the poll will interest more of the winners than the loosers
Highly likely. So what does a losing trader have to lose in an anonymous poll? Ego? Are they in denial? Any or all of these types of defense mechanisms will kick in while in a losing trade, so they really are not helping themselves at all if that is what is going on.

Thoughts anyone?

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #188
  • Apr 1, 2012 8:02am Apr 1, 2012 8:02am
Quoting micmic
My take is that most unsuccessful traders won't even vote. People don't like to ponder about their failures. Instead, they will most likely frequent some new system thread. Results may be correct (ie, no fake voters), but only because successful traders will tend to vote more than unsuccessful ones.
its actually quite a good topic,the hardest thing for us as humans is to execpt were not very good at somthing,we manifest all sorts of reasoning to escape from that truth.but when we do confront it,we have enlightened ourself to do somthing about it.and in trading the thing we need to do is start from the beginning .not the middle.then when you get to the end you will know how you got there.understanding exactly what the forex market is and all its particepents is a fantastic starting piont.
  • #189
  • Apr 1, 2012 8:06am Apr 1, 2012 8:06am
Quoting FX4Newbies
Highly likely. So what does a losing trader have to lose in an anonymous poll? Ego? Are they in denial? Any or all of these types of defense mechanisms will kick in while in a losing trade, so they really are not helping themselves at all if that is what is going on.

Thoughts anyone?



FX4
well as micmic has pointed out there looking in the wrong places,and this thread would not apeel to them,
please excuse my spelling i have a problem with it.ie i cant spell
  • #190
  • Apr 1, 2012 8:10am Apr 1, 2012 8:10am
Quoting FX4Newbies


A few discussion questions (some repeats) in light of the posted results thus far...

1. Do you think Forex Factory members are being honest when they vote?
Nope! Just use the forums as a proxy for your poll. If they can't be honest over there they most likely can't be honest here either.



Quote
4. If you think Forex Factory members are being dishonest, what do you think the results should look like percentage-wise?

Just look back at the traders that decided to post their accounts, live calls, real time trading etc. Pretty much 100% of them proved themselves unprofitable in a consistent way.

I decided to register and post recently, but I follow FF and other forex sites since 2007 and I'm still waiting to see one, let me say again. Just ONE, trader to post calls or signals in advance and prove him/herself a consistent.

What the big gurus here and elsewhere can give you at best is ADVICE. Something that resides in the past.

In trading anything that belongs to the past. Thats what people can give you consistently.
  • #191
  • Apr 1, 2012 8:12am Apr 1, 2012 8:12am
Quoting FX4Newbies
Highly likely. So what does a losing trader have to lose in an anonymous poll? Ego? Are they in denial? Any or all of these types of defense mechanisms will kick in while in a losing trade, so they really are not helping themselves at all if that is what is going on.

Thoughts anyone?

FX4

No, not necessarily denial. They may not have even read the opening post of such a thread. If, for example, someone is too fat and has a body image problem, he may be very well aware of his issues, but he won't be spending his time in front of mirrors. He may even go out of his way in order to avoid a mirror. But he will be paying close attention to any new diet or weight loss supplement, even if it is a scam. A bodybuilder, on the other hand, may be spending a good amount of time daily in front of his mirror, flexing and admiring himself.
  • #192
  • Apr 1, 2012 8:18am Apr 1, 2012 8:18am
Quoting mister me
its actually quite a good topic,the hardest thing for us as humans is to execpt were not very good at somthing,we manifest all sorts of reasoning to escape from that truth.but when we do confront it,we have enlightened ourself to do somthing about it.and in trading the thing we need to do is start from the beginning .not the middle.then when you get to the end you will know how you got there.understanding exactly what the forex market is and all its particepents is a fantastic starting piont.
Going to add something to the mix here...so don't get upset. Do you think guys have a bigger challenge with that than gals with..."accepting we're not good at something..."? I am presuming we have a higher male population of members/traders here.

but when we do confront it,we have enlightened ourself to do somthing about it...

Really think it opens the door for genuine correction of the error that is causing the issue.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #193
  • Apr 1, 2012 8:19am Apr 1, 2012 8:19am
Quoting QuadrupleX
Nope! Just use the forums as a proxy for your poll. If they can't be honest over there they most likely can't be honest here either.





Just look back at the traders that decided to post their accounts, live calls, real time trading etc. Pretty much 100% of them proved themselves unprofitable in a consistent way.

I decided to register and post recently, but I follow FF and other forex sites since 2007 and I'm still waiting to see one, let me say again. Just ONE, trader to post calls or signals in advance and prove him/herself a consistent.

What...
There are lots of traders in the trading journel section that post there trades live and have done so for long periods of time,
  • #194
  • Apr 1, 2012 8:21am Apr 1, 2012 8:21am
Quoting mister me
well as micmic has pointed out there looking in the wrong places,and this thread would not apeel to them,
please excuse my spelling i have a problem with it.ie i cant spell
No probs about the spelling.

Maybe so, since they're not "consistently profitable" they just keep right on going...

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #195
  • Edited 8:31am Apr 1, 2012 8:22am | Edited 8:31am
Quoting FX4Newbies
Going to add something to the mix here...so don't get upset. Do you think guys have a bigger challenge with that than gals with..."accepting we're not good at something..."? I am presuming we have a higher male population of members/traders here.

FX4
I don't think it matters. As long as you approach trading under the assumption that you suck and know nothing you can only get better. It's your own progress from nothing to something that should drive you. One of my biggest motivators is the fact that every time I review my progress I find I learned so much more than I expected to. The best part is that it is always a suprise. I dont know what ill know 6 months from now. I just know im going to know more
Cautiously optimistic. . .
  • #196
  • Edited 8:39am Apr 1, 2012 8:25am | Edited 8:39am
Quoting QuadrupleX
Nope! Just use the forums as a proxy for your poll. If they can't be honest over there they most likely can't be honest here either.





Just look back at the traders that decided to post their accounts, live calls, real time trading etc. Pretty much 100% of them proved themselves unprofitable in a consistent way.

I decided to register and post recently, but I follow FF and other forex sites since 2007 and I'm still waiting to see one, let me say again. Just ONE, trader to post calls or signals in advance and prove him/herself a consistent.

What...
Just use the forums as a proxy for your poll. If they can't be honest over there they most likely can't be honest here either.

Absolutely true...imho.


Just look back at the traders that decided to post their accounts, live calls, real time trading etc. Pretty much 100% of them proved themselves unprofitable in a consistent way.

I decided to register and post recently, but I follow FF and other forex sites since 2007 and I'm still waiting to see one, let me say again. Just ONE, trader to post calls or signals in advance and prove him/herself a consistent.

What the big gurus here and elsewhere can give you at best is ADVICE. Something that resides in the past.

One thing I can say about that is that when a trader "puts themselves on the line" with live calls etc., it is another emotional/psychological battle. Auxesis called it "too many minds". Something other than just trading kicks in that's not there when they are doing it alone in "their" zone. It takes another kind of mind...there are some who do it.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #197
  • Edited 9:02am Apr 1, 2012 8:27am | Edited 9:02am
Quoting micmic
No, not necessarily denial. They may not have even read the opening post of such a thread. If, for example, someone is too fat and has a body image problem, he may be very well aware of his issues, but he won't be spending his time in front of mirrors. He may even go out of his way in order to avoid a mirror. But he will be paying close attention to any new diet or weight loss supplement, even if it is a scam. A bodybuilder, on the other hand, may be spending a good amount of time daily in front of his mirror, flexing and admiring himself.
Very good point...they may not look in the mirror until the diet starts kicking in; just so they don't become discouraged. So, maybe the poll might motivate them to try to do better privately, so later they can vote honestly "publicly" and say, "Yes, I am."



FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #198
  • Edited 8:49am Apr 1, 2012 8:38am | Edited 8:49am
Quoting Tact1cal
I don't think it matters. As long as you approach trading under the assumption that you suck and know nothing you can only get better. It's your own progress from nothing to something that should drive you. One of my biggest motivators is the fact that every time I review my progress I find I learned so much more than I expected to. The best part is that it is always a suprise. I dont know what ill know 6 months from now. I just know im going to know more
You're definitely a "Thinking Player" ...open to learning, which means you're open to changing your mind if you see you're wrong. Good for you .

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #199
  • Edited 9:01am Apr 1, 2012 8:46am | Edited 9:01am
Quoting QuadrupleX
I decided to register and post recently, but I follow FF and other forex sites since 2007 and I'm still waiting to see one, let me say again. Just ONE, trader to post calls or signals in advance and prove him/herself a consistent.
Wanted to say that I think this very expectation placed on those who post calls or signals is what makes it even tougher for them to do so. Not saying the expectation is wrong, it is just part of the mix that could make things harder if a person isn't ready for that emotional load. The slightest adverse move against the call adds a heavier emotional burden because other people might be in the trade that was called, and now the mind games can really kick in.

Just thought I'd share that dimension of it.

The bottom line though is consistent profits not consistent calls, though it would be ideal. A large part of consistent profits rests in the hands of the actual trader, not the trade "caller". So much is going on there..."too many minds". Also, a "good" trader can still profit from a bad call, and a "bad" trader can still lose from a good call. It's a hard call either way.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #200
  • Apr 1, 2012 9:06am Apr 1, 2012 9:06am
Quoting diceman555
There are lots of traders in the trading journel section that post there trades live and have done so for long periods of time,
Thats incorrect Dice. They post the past.

I can scalp and post all my trades here in "real time" and it is still the past.

I think 1 or 2 years ago at the trading journals a big scammer was posting his scalps in "real time" and got a "god like" status.

It turned out that more experienced traders started to track his posts and and busted his tactics.

I don't remember the guys name but it was a HUGE deal at the time.

The guy ended up being banned by FF mods.

Tell me about ONE trader that post calls beforehand for 20 pips or so and in a trade that lasts for 3 minutes up. If the guy does it for 6 months I will be the first one to go there and say that he is a PRO.
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