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95% trades posted on Forex Factory are winners. What happens?

  • #41
  • Feb 8, 2013 9:15pm Feb 8, 2013 9:15pm
Quoting XharpScalper
well, irrespective of wins and losses am logging my all trades for educational and training purpose. Dno about others doing here.

If we dont lose we can not learn. Its part of the game.

If we don't lose we cannot learn. Its part of the game.

very well said
coz, if we had never experienced defeat
we become overconfident,,it is dangerous

like learning to ride a bike
because we've fallen, we become mature/ expertness
but if you learn how to fly an airplane
Do not look for expertness / maturity
by fall many times,, lol,,

salaam
  • #42
  • Feb 9, 2013 5:50am Feb 9, 2013 5:50am
At 95% it just shows you how honest people aren't
  • #43
  • Feb 9, 2013 6:47am Feb 9, 2013 6:47am
Quoting realjumper
All the cry babies here forget that to celebrate a win, not a loss, is human nature. We hear of Valentino Rossi for example. His stats (look it up for yourself) are: 276 (championship) Starts.....105 Wins.....177 podium finishes.....9, yes 9 World Championships to his name. Number of career losses???........who know's?

We celebrate the wins, second places and third places of out champions in all sports. We look at Tiger Woods....we marvel at his wins, but we don't hear much about his losses.

We celebrate success at exam times.....we don't...
Sounds like someone who trades in demo.
  • #44
  • Feb 9, 2013 7:02am Feb 9, 2013 7:02am
Learning is why most of us are here right? Well for those who are learning. Why aren't they posting their account on trade explorer. Why simply doing that. The so called "Gurus" will be able to break down their trades, and guide them as to where they went wrong. Yet NO ONE here on ff.com offers that. For many reason would be the clear answer, yet that is why I'm against those type of people. On the thread I've created. People are actually learning. People actually ask questions. They receive real answers. That is how you learn. Not giving make believe exit points, when if we did an audit of your account. It would reveal you never even took a position.
  • #45
  • Feb 9, 2013 2:05pm Feb 9, 2013 2:05pm
Quoting BellaVista
Learning is why most of us are here right? Well for those who are learning. Why aren't they posting their account on trade explorer. Why simply doing that. The so called "Gurus" will be able to break down their trades, and guide them as to where they went wrong. Yet NO ONE here on ff.com offers that. For many reason would be the clear answer, yet that is why I'm against those type of people. On the thread I've created. People are actually learning. People actually ask questions. They receive real answers. That is how you learn. Not giving make...
Already a thread about Trade Explorer

http://www.forexfactory.com/showthread.php?t=406866
Please Do Not PM Me With Coding Enquiries
  • #46
  • Edited 2:58pm Feb 9, 2013 2:48pm | Edited 2:58pm
Quoting BellaVista
Learning is why most of us are here right? Well for those who are learning. Why aren't they posting their account on trade explorer. Why simply doing that. The so called "Gurus" will be able to break down their trades, and guide them as to where they went wrong. Yet NO ONE here on ff.com offers that. For many reason would be the clear answer, yet that is why I'm against those type of people. On the thread I've created. People are actually learning. People actually ask questions. They receive real answers. That is how you learn. Not giving make...
If you attend a university, you must pay for your education. Now trading offers the possibility of an exponentially growing income. So why should "gurus", who have spent years and money learning how to trade profitably, help newbies out for free? What incentives are folk like you offering in return?

Trading is a competitive, dog-eat-dog game. If I may generalize, people can win only because others lose. Everybody out there is a potential opponent, and one has absolutely nothing to gain from helping them.

Re opening a trade explorer: trading can be stressful, even for seasoned professionals. Most successful traders don't make a consistent X% per week; they have good weeks, and bad weeks, and although the good overall outweighs the bad, the bad weeks can really play on your mind. The market can do anything that it pleases, and generally does. Now, needlessly opening yourself up to public scrutiny can only increase that pressure to perform. Many of the more skeptical onlookers on forums like this are quick to bash others — we see that in other threads, over and over again.

It's not up to anyone to prove to you that it's possible to trade profitably. Either you believe it's possible, or you don't.

--- If you do, then the onus is on YOU to find out how. You need to ask yourself, how badly do you want to trade, and what sacrifices — time, effort, money — you're willing to make to get there. Some successful traders are generous enough to post tidbits of info, or even more. It's up to YOU to test all info, ideas and strategies for yourself, and find out whether they work profitably or not, and how suitable they are for YOU.

--- If you don't, then consider giving up immediately, because folk with negative attitudes can't hope to succeed in any extremely demanding activity. Nonetheless, those who hang around forums like this, telling everybody that profitable trading is impossible, are tacitly laughed at by those of us who know differently. Again, why should successful traders go to the time and trouble of proving to you that they're profitable? What incentives are you offering them in return?

Try to see it from the opposing point of view. Trading represents the pinnacle of entrepreneurial, capitalistic endeavor. Looking for handouts, in an activity where knowledge and experience directly equate to success, is the antithesis of capitalism.

Given that the vast majority of wannabe 'traders' don't know what they're doing, then much of the material in forums like this will inevitably be newbies trying to help newbies. For better or worse, that's the way it is; everybody must somehow learn how to make the best of it.

Sorry if this post seems harsh, but you really need to think about what you're asking.
  • #47
  • Feb 9, 2013 3:52pm Feb 9, 2013 3:52pm
Quoting hanover
If you attend a university, you must pay for your education. Now trading offers the possibility of an exponentially growing income. So why should "gurus", who have spent years and money learning how to trade profitably, help newbies out for free? What incentives are folk like you offering in return?

Trading is a competitive, dog-eat-dog game. If I may generalize, people can win only because others lose. Everybody out there is a potential opponent, and one has absolutely nothing to gain from helping them.

Re opening a trade explorer:...
My point exactly. The so called "gurus" aren't gurus. They don't sit on websites and post to every freakin reply made. These so called "gurus" are only looking to gain sheep to only slaughter then down the line! If your truly a guru online. Then post your trades so people can see them. Other wise keep your mouth shut, and try to earn some money.
  • #48
  • Feb 9, 2013 3:56pm Feb 9, 2013 3:56pm
You are selling something, you are selling the belief to members that you have a strategy that you use to be consistently profitable, and one would assume over a significant amount of time, on significant lot size, and all within acceptable risk parameters.

You want to teach people but you argue you have no obligation to prove you are a worthy teacher.

The stupidity of your claim! And foolish any who go along with it.


Quoting realjumper
I have nothing to prove, I am not selling anything
  • #49
  • Feb 9, 2013 6:23pm Feb 9, 2013 6:23pm
Quoting PeterE
You are selling something, you are selling the belief to members that you have a strategy that you use to be consistently profitable, and one would assume over a significant amount of time, on significant lot size, and all within acceptable risk parameters.

You want to teach people but you argue you have no obligation to prove you are a worthy teacher.

The stupidity of your claim! And foolish any who go along with it.
I'll respond without your arrogance.

I am not selling anything. I am showing the way I trade, and if people, of *their own freewill* CHOOSE to employ the method I use and ask questions, I will offer my help.

If I use a Trade Explorer.....and I'm really getting sick of repeating this on these 'Trade Explorer' threads......it will show ONLY that I am profitable on MY system. It will be counter productive because people will assume (in much the same way as you make erroneous assumptions in your post) that 'because RJ makes money with this system, I will too.....it's guaranteed because the TE says so.' Yet nothing could be further from the truth. Seeing a healthy TE will not magically make anyone and everyone who uses the same system as me, profitable. If that was the case, then an EA would be developed to just rake in all the pips. Trading is a personal thing and there are many reasons why two people, both using the system can have vastly different results. In ANY system there is a degree of discretion, and no TE can help with that.

A healthy Trade Explorer is like bait to a hungry fish.....it is a dangerous thing.

The ONLY way to know if any given system suits a person is for that person to test it for themselves.

There is no other way.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #50
  • Feb 9, 2013 6:26pm Feb 9, 2013 6:26pm
Quoting BellaVista
Sounds like someone who trades in demo.
Another pubescent muppet for the ignore list.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #51
  • Feb 9, 2013 6:43pm Feb 9, 2013 6:43pm
Quoting BellaVista
My point exactly. The so called "gurus" aren't gurus. They don't sit on websites and post to every freakin reply made. These so called "gurus" are only looking to gain sheep to only slaughter then down the line! If your truly a guru online. Then post your trades so people can see them. Other wise keep your mouth shut, and try to earn some money.
I've never claimed to be a "guru". I merely post my opinions, just like everybody else.

I'll very happily create a trade explorer, if somebody can point out how I'll benefit personally from doing so. But keep in mind that I'm not selling systems, signals, education, or EAs; and I don't feel the need to prove anything to anybody, or to needlessly create added performance anxiety for myself.

Anyway, surprising as it might seem, trade explorers won’t necessarily provide the answer that you’re seeking. For example, a lot of EAs can make money for several months — by using unsustainable MM or highly optimized strategies that are tuned specifically for certain market conditions — before imploding just as spectacularly. A trade explorer won’t necessarily tell you how robust the underlying strategy is, or the risk management that’s being employed. Most newbies will (gullibly but understandably) be drawn to the trader who makes a huge return in his first month, rather than the one whose profit factor, maximal drawdown, Sharpe ratio etc exhibit some realistic signs of probable longevity.

If, like many others, you think that those who are selling systems, signals, education or EAs are scammers, because they don't provide an audited track record, then surely the solution is simple: don't buy whatever they're offering. I agree that fraud is contemptible, but it can also be said that the folk who get suckered are blinded by their own greed, folly and ignorance.

Read, study charts, prove ideas and strategies for yourself, and practise your trading. It’s the only way to gain the necessary knowledge, experience and confidence. Then when you’ve finished doing that, go back and repeat it again, over and over. I’ve been at this almost 7 years now, and compared to some traders who post here, I still consider myself to be an apprentice. There are no short cuts, trust me.

You say that “the so called gurus aren’t gurus”. That’s true in a lot of cases, but over time you get a feel for who knows what they’re talking about, and that ability to discern is worth a hundred trade explorers. And if you’re unsure, you can always test their ideas and strategies for yourself: that’s an integral, and very necessary, part of the learning curve.

Ultimately, forex is about survival of the fittest; the skilled minority eventually take all of the money of the hapless majority. And given the learning curve, the level of knowledge and skill that’s required, and the potential rewards, that’s the way it should be. Either you embrace the capitalist ideology, or you don't.
  • #52
  • Feb 9, 2013 7:08pm Feb 9, 2013 7:08pm
Again, if you are going to claim to have a terrific strategy and to be a worthy teacher, then it is only fair you verify your claim; beyond cleverly worded posts and typing skills.

The enormous resistance by “teachers” to verify their trading skills is almost always correlated to the fact that they do not have the stats to support their claims. It has nothing to do with anything else.

Transparency and integrity are sorely lacking in retail forex.

Quoting realjumper
I'll respond without your arrogance.
  • #53
  • Feb 9, 2013 7:10pm Feb 9, 2013 7:10pm
Quoting PeterE
Again, if you are going claim to have a terrific strategy and to be a worthy teacher, then it is only fair you verify your claim; beyond cleverly worded posts and typing skills.

The enormous resistance by “teachers” to verify their trading skills is almost always correlated to the fact that they do not have the stats to support their claims.

It has nothing to do with anything else.

Transparency and integrity are sorely lacking in retail forex.
Again.....I am making no such "claims". I am sharing the system that I use......end of!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #54
  • Feb 9, 2013 7:11pm Feb 9, 2013 7:11pm
Quoting hanover
Read, study charts, prove ideas and strategies for yourself, and practise your trading. It’s the only way to gain the necessary knowledge, experience and confidence. Then when you’ve finished doing that, go back and repeat it again, over and over. I’ve been at this almost 7 years now, and compared to some traders who post here, I still consider myself to be an apprentice. There are no short cuts, trust me.
Precisely!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #55
  • Feb 9, 2013 7:19pm Feb 9, 2013 7:19pm
I agree with this.

But if someone is going to claim it, then verify it. Because the fact is 99.6% in retail forex are bullsh!ters.

Knowing this, it is prudent that any wanting to learn from another should first verify the skills claimed.

Why? Because it's far better to learn from someone in the 0.4% group than someone pretending.

Why this logic is lost on most is perplexing.

Quoting hanover
I'll very happily create a trade explorer, if somebody can point out how I'll benefit personally from doing so. But keep in mind that I'm not selling systems, signals, education, or EAs; and I don't feel the need to prove anything to anybody, or to needlessly create added performance anxiety for myself.
  • #56
  • Feb 9, 2013 7:57pm Feb 9, 2013 7:57pm
Quoting realjumper
...and I'm really getting sick of repeating this on these 'Trade Explorer' threads......it will show ONLY that I am profitable on MY system.
Simple answer to your sickness....
Stop repeating yourself
You see, this is your opinion. Because it is your opinion, it doesn't make it true. Repeating yourself 10 times still doesn't make it true.

You keep saying that a TE will only prove that the thread starter of a system makes profit from the system.
You completely ignore the possibility that a TE could also show that the threadstarter is unable to make a profit or that he/she is nowhere near as succesful as he/she implies.
A trading system is a complete trading strategy. If it is claimed to be succesful, then it should make profit for the trader by following the system rules. The trader's discretion may possibly make the system even more profitable, but the system should be profitable without discretion.
If a system requires trader's discretion to be profitable, then it is a poor system.
Please Do Not PM Me With Coding Enquiries
  • #57
  • Feb 9, 2013 8:03pm Feb 9, 2013 8:03pm
LOL at this whole thread.
What is any ocean but a multitude of drops?
  • #58
  • Feb 9, 2013 8:12pm Feb 9, 2013 8:12pm
The sad truth here is that 100% of the people getting into this business are lured by greed & the promise of instant wealth after looking at a few historical charts..
Most are under capitalized & don't have the mindset to play in this cesspool..
Every wannabe come into this business with zest & most will depart in despair after loosing their money to the market.. an never ending revolving cash cow for brokers..

While trading could offer promise of great wealth for a rare few & good income for a minority over times, there's no holy grail or short-cut to success.. The selected minority may succeed only after surviving the market for years plus paying the necessary tuition fees to the market along the way..
The rest is well said & explained by our friend hanover in great details..


Quoting hanover
If you .......
Trading represents the pinnacle of entrepreneurial, capitalistic endeavor. Looking for handouts, in an activity where knowledge and experience directly equate to success, is the antithesis of capitalism.
.........
Sorry if this post seems harsh, but you really need to think about what you're asking.
  • #59
  • Feb 9, 2013 9:24pm Feb 9, 2013 9:24pm
Quoting Gumrai
Simple answer to your sickness....
The only 'sickness here is your bitterness and your repeated attacks on me......take caution in your attitude.

Quoting Gumrai
Stop repeating yourself
You see, this is your opinion. Because it is your opinion, it doesn't make it true. Repeating yourself 10 times still doesn't make it true.
I'll repeat it as often as is necessary. If people keep repeating that a TE proves something that it does not, I'll repeat the contrary.....whether you like it or not. If you don't want to read what I say....skip over it or put me on 'ignore'.


Quoting Gumrai
You keep saying that a TE will only prove that the thread starter of a system makes profit from the system.
You completely ignore the possibility that a TE could also show that the threadstarter is unable to make a profit or that he/she is nowhere near as succesful as he/she implies.
No, I haven't ignore the possibility, it goes without saying, for most people, which is why I didn't bother saying it.

Quoting Gumrai
A trading system is a complete trading strategy. If it is claimed to be succesful, then it should make profit for the trader by following the system rules. The trader's discretion may possibly make the system even more profitable, but the system should be profitable without discretion.{/quote]

No, your bitterness is getting in your way....yet again. Try and read this slowly......if a given system was profitable by following strict rules with ZERO discretion, then an EA would work flawlessly......and this FACT can not be denied. However, the reason...
Absolute nonsense. All systems, bar none, require a traders discretion, stop being so naive and/or bitter. All the while you carry on with this childish attitude, you are just digging the whole deeper and deeper for yourself. I suggest you stop this crusade of bitterness and accept that you have not (yet) learnt how to apply discretion to your trading.

More chart time and less forum surfing is my advice to you.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #60
  • Feb 9, 2013 9:43pm Feb 9, 2013 9:43pm
Quoting hanover

Most newbies will (gullibly but understandably) be drawn to the trader who makes a huge return in his first month, rather than the one whose profit factor, maximal drawdown, Sharpe ratio etc exhibit some realistic signs of probable longevity..
The most important underlining fact is how much % change you are able to earn. Take drawdown for example. That is one of the most overrated stats used in forex. I say that because money management plays an important role in how its calculate. Say a person uses 1% equity. A person who uses such low equity will never have a high drawdown. Yet, if you look at the points which they lose. Its more then half of eur/usd YEARLY RANGE. So is it worse to hold a position for 500 point loss, or experience a 50% drawdown only to never blow your account and earn 50% profit at the end of the week?
Numbers can be shewed by our subjective P.O.V. If a trader earns 300% in a month. Should he withdraw all his profit, then blow his account. His drawdown will be 100% Yet he booked 300% profit. % wise he would of out preformed 100% of us who trade. Longevity isn't a reality in forex. It only takes one P.R. to reverse a trend long enough to murder any low equity, excellent money management account.
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