The Market wants to pay you… | Forex Factory

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The Market wants to pay you…

  • #1
  • First Post: Edited May 11, 2012 2:03pm May 10, 2012 10:55pm | Edited May 11, 2012 2:03pm
…but it wants to do so, on its own terms.

Having an edge is nothing more than knowing what those terms are.
  • #2
  • May 11, 2012 6:15am May 11, 2012 6:15am
Pay you for what? Market does not like you and surely does not want to pay you. Only thing it wants is to rip you blind and beyond if possible.
  • #3
  • May 11, 2012 6:46am May 11, 2012 6:46am
Quoting mr.marketz
…but it wants to do so, on its own terms.

Having an edge is nothing more than knowing what those terms are.
boring...
  • #4
  • May 11, 2012 7:04am May 11, 2012 7:04am
Quoting andrew93
boring...
That's when Forex works best for you.. when its boring
  • #5
  • May 11, 2012 7:25am May 11, 2012 7:25am
Quoting Robertk
That's when Forex works best for you.. when its boring
I have heard this phrase a hundred times already on FF too...
  • #6
  • May 11, 2012 7:38am May 11, 2012 7:38am
Quoting andrew93
I have heard this phrase a hundred times already on FF too...
Yet you keep repeating that its boring? the logic
  • #7
  • May 11, 2012 7:46am May 11, 2012 7:46am
Quoting Robertk
Yet you keep repeating that its boring? the logic
Your crappy rhetoric wont help the fact that repeating what others already said on this forum is rather pointless.
  • #8
  • May 11, 2012 8:04am May 11, 2012 8:04am
Quoting andrew93
Your crappy rhetoric wont help the fact that repeating what others already said on this forum is rather pointless.
Can't repeat it enough. One needs to condition him or herself untill they really start in believing it. Same thing goes for OP post. Reading it once doesn't work at all.. Wake up and start repeating your terms x1000, do it 5 timesmonths in a row and start noticing a difference.
  • #9
  • May 11, 2012 8:10am May 11, 2012 8:10am
All right, all right, you are right.
Sorry for interrupting Guys.
  • #10
  • May 11, 2012 8:34am May 11, 2012 8:34am
Quoting Robertk
Can't repeat it enough. One needs to condition him or herself untill they really start in believing it. Same thing goes for OP post. Reading it once doesn't work at all.. Wake up and start repeating your terms x1000, do it 5 timesmonths in a row and start noticing a difference.
Care to elaborate what you mean with 'believing it'?
  • #11
  • May 11, 2012 2:02pm May 11, 2012 2:02pm
Quoting andrew93
boring...

not boring... just beyond your level of comprehension.


Those who make money will likely understand my statement much better than those who don't.
  • #12
  • May 11, 2012 3:25pm May 11, 2012 3:25pm
Quoting Pipalicious
Care to elaborate what you mean with 'believing it'?
Reading books/statements does not have a big, if any, influence on your trading until you either experience the mentioned problem yourself or when you condition yourself by repeating your thoughts and goals over and over again.

Once you start believing it you will build the discipline and patience that's needed. I'm still working myself on this part. I experienced losing and I'm still not winning. I'm breakeven right now but I am on the right track in believing what's needed in order to win.
  • #13
  • Aug 8, 2012 12:07am Aug 8, 2012 12:07am
For example, one of my terms:

A decision to take a trade signifies my belief in the future direction of the market. If this belief does not manifest itself within a specific amount of time, I have to take the trade off.


I suppose you can substitute the word "terms" with "rules", however, I find that it promotes a very negative internal dialog. The market is your business partner... thus you both work on terms. Not to mention, they are more the market's terms, and not yours.
  • #14
  • Last Post: Aug 8, 2012 12:36am Aug 8, 2012 12:36am
Here’s another one of my terms:

I will be paid incrementally in small amounts over an extended period of time.

In other words, minor swing targets, low leverage, etc.

These are of course my terms, and will vary from one trader to another. As an example, a trader who is more comfortable with letting positions run might have a term that reads:

I will be paid substantial amounts of money at various times, in exchange for a gradual upfront investment.

The bottom line is that these “terms” provide a trader with his/her blueprint for creating gains.

It’s kind of important stuff, imho.
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