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Are you a consistently profitable trader?

  • #601
  • Edited 5:17pm Aug 30, 2012 5:17am | Edited 5:17pm
Now, think again...in light of what was just said..."Who is the market?" Or better yet, "Whose market is it?" Won't be giving that answer...think.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #602
  • Edited 1:37am Aug 31, 2012 1:20am | Edited 1:37am
A trader in another thread asked about my stats. Here is the link to see them from my most recent Detailed Report for those who may be interested.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #603
  • Edited 1:18pm Aug 31, 2012 3:31am | Edited 1:18pm
There are just three ways a trader can lose the money they put into their account (outside of some fraudulent activity):

1. Put on bad trades that result in losses that are larger than your winnings.

2. Put on good trades that are mismanaged (or your computer or platform experiences some technical challenge) and the result is losses larger than your winnings.

3. Have your stop losses hit. (Your stop losses stop "their" losses too.)

If there is another way please let me know.

Wire transfer fees are just the cost of doing business. Wouldn't be a bad idea to keep those to a minimum.

If you can solve those three problems, you get to keep your money and even add more to the balance.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #604
  • Aug 31, 2012 8:14am Aug 31, 2012 8:14am
I'm making profit for 5 months in a row
  • #605
  • Edited 1:09pm Aug 31, 2012 9:15am | Edited 1:09pm
Quoting ladylyn
I'm making profit for 5 months in a row
Yeah!!!

Now let me ask, don't you find the habit (the discipline) of making money or having profitable months gets easier month by month? Kind of like athletic training and conditioning...performance gets easier/better the more consistent the training and exercise.

Here is a great audio clip about athletes and performance training. I think some of the principles can be applied to trading or any other performance-based endeavour.

Congrats again!!!

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #606
  • Edited 11:23am Aug 31, 2012 10:03am | Edited 11:23am
Cheetah-Style Trading

This is a quote (editing mine) from the profile of a member at Forex Factory: Ehrek. I have to agree with them 150%.

Although the cheetah is the fastest animal in the world and can catch any animal on the plains, it will wait until it is absolutely sure it can catch its prey. It may hide in the bush for a week, waiting for just the right moment. It will wait for a baby antelope, and not just any baby antelope, preferably one that is sick or lame. Only then, when there is no chance it can lose it's prey, does it attack. That, to me, is the epitome of professional trading.

Wait until the market can't help but succumb to the pressure of the dominant forces in the marketplace at any given time, and go in that direction with your attack. No need to burn up unnecessary energy and resources when the same result can be achieved by waiting. The cheetah is not only fast, but smart.

Thanks Ehrek!

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #607
  • Aug 31, 2012 12:54pm Aug 31, 2012 12:54pm
Quoting G.p.
I'm such a terrible trader you should probably write a book about me.... I have a win ratio of about 30% and R/R of 1:1. Go figure.... And there is nothing wrong with my risk management I take 1% losses as my main hobby. I try to follow the trend but I got stopped out ALL THE TIME and my profit target NEVER gets filled.

W.T.F ?!?!
Hi again G.p.,

Regarding your comment on stops...I thought I had posted something somewhere about that. Found it. Hope it helps.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #608
  • Aug 31, 2012 1:11pm Aug 31, 2012 1:11pm
Poll comparison should be up later tonight or early Saturday.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #609
  • Edited 4:57am Sep 1, 2012 3:13am | Edited 4:57am
And here is the poll result for August:

Yes, I am currently. ................................152 41.53%

No, I have never been. ............................. 74 20.22%

Yes, I have been, but not currently..............43 11.75%

No, but I have had a profitable month. .........55 15.03%

I am still trading in a demo account. ............42 11.48%

Total Voters: ........................................366


March, April, May, June, July and August are listed below:


Yes, I am currently. ...........................39 51.32%.......77 40.74%.......91 41.18%.......113 43.80%.......132 43.42%.......152 41.53%
No, I have never been. .......................12 15.79%.......43 22.75%.......47 21.27%.........54 20.93%........ 61 20.07%........74 20.22%

Yes, I have been, but not currently.........2 ..2.63%........17 ..8.99%.......22 ..9.95%.........25 ..9.69%.........32 10.53%........43 11.75%
No, but I have had a profitable month....15 19.74%........27 14.29%.......30 13.57%.........33 12.79%.........42 13.82%........55 15.03%

I am still trading in a demo account. .......8 10.53%........25 13.23%.......31 14.03%.........33 12.79%.........37 12.17%........42 11.48%

Total Voters: ...................................76...................189..................221...................258....................304..................366


Interesting Observation: The percentage of consistently profitable traders dropped in August. Have read several posts where there were comments of traders having a tough month in August. Could it be that more traders than some have anticipated are actually telling the truth? Or, is it just coincidence?

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #610
  • Edited 11:17pm Sep 15, 2012 10:43pm | Edited 11:17pm
Hello Traders,

To my surprise, my threads have been moved to the Commercial Forum (beta). I am discussing the matter with the Administrator (Twee) as I have not put anything out there to FF members for sale. Will certainly make a post as to the outcome of the discussions and my decision.

I will continue to post the weekly wrap-ups on the blog during that time.

Take care,

FX4

EDIT: Thought I should mention that I have never received one penny from anyone here at FF.
Trade what you see, not what you think or feel. Let the market come to you.
  • #611
  • Edited 10:31pm Sep 16, 2012 9:20pm | Edited 10:31pm
Hello Traders,

After reading the FF rules again, it seems as though anyone who provides a service or product to the FX industry "should have" their threads here. I have taught traders before becoming a member here, but have never placed ads on my blog via a signature link (though it has been mentioned occasionally in passing (during the course of a discussion) that I teach). Traders have contacted me via my blog for more information which I have sent for free. Some have asked questions via email which I have answered willingly. Others have asked me via the blog and PM to teach them. That I think is another issue. Will have to see how things play out, but if I continue to provide that service to the industry, this is where I'll be I guess. We'll see.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #612
  • Sep 19, 2012 12:26pm Sep 19, 2012 12:26pm
Hi again,

A few more days before the end of September. Will be posting the monthly comparison then.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #613
  • Oct 2, 2012 7:53pm Oct 2, 2012 7:53pm
This is how things ended for September:

Yes, I am currently. http://www.forexfactory.com/clear.gif 153 41.35%

No, I have never been. 75 20.27%

Yes, I have been, but not currently. 43 11.62% No, but I have had a profitable month. 56 15.14%

I am still trading in a demo account. http://www.forexfactory.com/clear.gif 43 11.62%

Total Voters: 370


March, April, May, June, July and August are listed below:


Yes, I am currently. ...........................39 51.32%.......77 40.74%.......91 41.18%.......113 43.80%.......132 43.42%.......152 41.53%
No, I have never been. .......................12 15.79%.......43 22.75%.......47 21.27%.........54 20.93%........ 61 20.07%........74 20.22%

Yes, I have been, but not currently.........2 ..2.63%........17 ..8.99%.......22 ..9.95%.........25 ..9.69%.........32 10.53%........43 11.75%
No, but I have had a profitable month....15 19.74%........27 14.29%.......30 13.57%.........33 12.79%.........42 13.82%........55 15.03%

I am still trading in a demo account. .......8 10.53%........25 13.23%.......31 14.03%.........33 12.79%.........37 12.17%........42 11.48%

Total Voters: ................................... 76...................189..................221...................258....................304......... .........366


FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #614
  • Oct 2, 2012 7:59pm Oct 2, 2012 7:59pm
A note to readers:

I will be taking some time off from posting here. Will have to see how things work out time-wise with some other recent projects on my plate.

Wish you all good trading.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #615
  • Last Post: Mar 4, 2015 8:03am Mar 4, 2015 8:03am
Happy New Year to you all!!!

| Online Now
Good Morning Traders,

I hope your week has been going well.

Recently I published my first E-book on trading with Amazon. The title is: Trading in the Financial Markets: Is It for You? Subtitle: What Every Trader Should Know BEFORE They Open Their Trading Account. Here is a picture of the cover. I really believe there are some points in it that would help traders improve. Had two traders read it and they loved it. Hope some of you will too. Would love to get your feedback.

http://www.amazon.com/Trading-Financ...ing+psychology

http://ecx.images-amazon.com/images/...SH20_OU01_.jpg

Enjoy.
Trade what you see, not what you think or feel. Let the market come to you.
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