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Traded three years - Not profitable

  • #61
  • Jul 24, 2013 4:45pm Jul 24, 2013 4:45pm
Quoting CindyXXXX
{quote} Demo is too safe, it won't piss you off enough to force yourself to try harder. Too safe, particularly after 3 years... take a risk, mess up, and learn from it.. Rinse and repeat. 12 months time and you won't know yourself. Just a small account to start will suffice.
i think learning to be pissed off when you loose at demo is a good thing. Then you have the belief that demo and real accounts should have the same psychology because you are making the same trades - its not about the trades. Its about having the skill to win win win!
  • #62
  • Jul 24, 2013 4:46pm Jul 24, 2013 4:46pm
Quoting fibotrader30
{quote} Good advice! correct, it's much better to start with small sums but on real account, otherwise you won't learn (
yay, someone agrees with me!
  • #63
  • Jul 24, 2013 6:16pm Jul 24, 2013 6:16pm
Quoting fsiltd
{quote} So, no chart, just an order book/dom? If not and you're looking at "price action" patterns on a chart, then you're using technical analysis. Like it or not. Sorry to burst your bubble ;-]
Learn to read fool.

Davit said technical analysis won't work without fundamentals and world news, and I disagreed because I don't use any fundies or news in my trade decisions.

Of course I have a price chart, but its a naked barebones chart with no indicators, and it tells me all I need to know... and that's called trading price action.
In the days of old when sailors were bold, and seldom if ever contented.
  • #64
  • Jul 24, 2013 6:23pm Jul 24, 2013 6:23pm
Quoting pt49
{quote} Learn to read fool. Davit said technical analysis won't work without fundamentals and world news, and I disagreed because I don't use any fundies or news in my trade decisions. Of course I have a price chart, but its a naked barebones chart with no indicators, and it tells me all I need to know... and that's called trading price action.
Your right, and I sometimes look at naked charts for trade ideas, I think people need to try out a few different strategies that work for them not everything is going to work for everyone, because everyone has there own risk tolerance, most strategies work you just have to develop the correct psychology.
  • #65
  • Edited Jul 25, 2013 1:37am Jul 24, 2013 11:40pm | Edited Jul 25, 2013 1:37am
Quoting Starry
{quote} i think learning to be pissed off when you loose at demo is a good thing. Then you have the beliefs that demo and real accounts should have the same psychology because you are making the same trades - its not about the trades. Its about having the skill to win win win!
Fair call, I just think that
demo will insult your ego at most.
live will insult your ego AND take something from you where the only way to get back is to make it back.
It forces a certain type of discipline that demo can't because you cannot pour limitless amounts of real money into the market, so each trade becomes 100 times more important even on a small account.
This in turn makes you think harder and more deeply, pushing you to better yourself.
Time hides Nothing
  • #66
  • Jul 25, 2013 1:46pm Jul 25, 2013 1:46pm
Quoting pt49
{quote} Learn to read fool. Davit said technical analysis won't work without fundamentals and world news, and I disagreed because I don't use any fundies or news in my trade decisions. Of course I have a price chart, but its a naked barebones chart with no indicators, and it tells me all I need to know... and that's called trading price action.
Learn to articulate yourself better dipshit.
And cover up that exposed nerve of yours, no one wants to see that.
Carpe Divitiae
  • #67
  • Jul 25, 2013 5:37pm Jul 25, 2013 5:37pm
I'm sorry if I offended your 10v brilliance your majesty.
In the days of old when sailors were bold, and seldom if ever contented.
  • #68
  • Jul 25, 2013 6:09pm Jul 25, 2013 6:09pm
Quoting CindyXXXX
{quote} Fair call, I just think that demo will insult your ego at most. live will insult your ego AND take something from you where the only way to get back is to make it back. It forces a certain type of discipline that demo can't because you cannot pour limitless amounts of real money into the market, so each trade becomes 100 times more important even on a small account. This in turn makes you think harder and more deeply, pushing you to better yourself.

yeah, thats a good point. i guess i just like my mini 100$ account the best. It depends on the person!
  • #69
  • Jul 25, 2013 6:20pm Jul 25, 2013 6:20pm
Quoting pt49
I'm sorry if I offended your 10v brilliance your majesty.

haha vouch envy.
Carpe Divitiae
  • #70
  • Jul 25, 2013 6:36pm Jul 25, 2013 6:36pm
lmfao you guys are funny
  • #71
  • Jul 25, 2013 6:48pm Jul 25, 2013 6:48pm
Thanks danny... fsiltd is a good example of the old saying that "having 10 vouches doesn't automatically bestow the ability to read between the lines."
In the days of old when sailors were bold, and seldom if ever contented.
  • #72
  • Jul 29, 2013 6:10am Jul 29, 2013 6:10am
Pecuniae obediunt omnia
  • #73
  • Jul 29, 2013 1:06pm Jul 29, 2013 1:06pm
Sometimes you need to know when to cut your losses. Not just in a trade, but in real life too. If trading is obstructing your life and causing problems to your happiness, it's time to quit. You might just have a gambling addiction.
  • #74
  • Jul 29, 2013 6:38pm Jul 29, 2013 6:38pm
since im a noobie i started demoing last month. from pure price action without indicators to 6 indicators down to 2 indicators. i can say that im lucky i did not rush going live. there's what we call beginners luck your strategy works for a few hours/days then burn the account in minutes. if you've been demoing for three years and you can see that your strategy always fails then maybe try a different strategy again. your strategy must go with the market not the market must go with your strategy if you have same results then i think trading is not for you. everything happens for a reason. ps sorry for my poor english
Pecuniae obediunt omnia
  • #75
  • Jul 29, 2013 9:21pm Jul 29, 2013 9:21pm
Quoting Laundry
I have been demoing and researching forex trading the past three years. I have been unable to make a consistent profit on demo during this time. I have only been focusing on 4 hour cards and lower. Aimed for good R:R Technical analysis WIll I have a better chance if I start looking at daily charts and trade from trendlines...etc
What do you mean by a consistent profit? If it refers to gaining positive pips every day, I think a consistent profit is not easy nor possible for all traders.
If you can make profit in the long run, I think there is no problem with your strategies.
  • #76
  • Jul 29, 2013 9:28pm Jul 29, 2013 9:28pm
Quoting Kanzler
Sometimes you need to know when to cut your losses. Not just in a trade, but in real life too. If trading is obstructing your life and causing problems to your happiness, it's time to quit. You might just have a gambling addiction.
I agree it happens, I knew a guy that had a serious gambling problem, he would blow his account away all the time, 20 and 30k at a time, he was making a nice 100k a year but when you blow through about 40k in a year just in trading there is something wrong.
  • #77
  • Jul 29, 2013 10:22pm Jul 29, 2013 10:22pm
i think u should try on live account, because it will be different from using demo account for trading (IMO), but at least u must have a system that at least profitable....u cannot win on all trades, but if u can make a consistent profit, that is enough....
  • #78
  • Jul 30, 2013 3:02am Jul 30, 2013 3:02am
Quoting danny6787
{quote} I agree it happens, I knew a guy that had a serious gambling problem, he would blow his account away all the time, 20 and 30k at a time, he was making a nice 100k a year but when you blow through about 40k in a year just in trading there is something wrong.
I wish they would give me that kind of money if they just want to play around with it anyway, I'd turn them a profit. My issue isn't that I don't know how to trade profitably it's that I don't have a decent account size being young and still not being in my professional job.
  • #79
  • Jul 30, 2013 6:42am Jul 30, 2013 6:42am
Quoting Kanzler
{quote} I wish they would give me that kind of money if they just want to play around with it anyway, I'd turn them a profit. My issue isn't that I don't know how to trade profitably it's that I don't have a decent account size being young and still not being in my professional job.
Bullshit... thats not it.Tr

Trusts me... if you were trading that kind of money, you would play around with it and fuckup.
In the days of old when sailors were bold, and seldom if ever contented.
  • #80
  • Edited 10:53am Jul 31, 2013 5:33am | Edited 10:53am
why did i close the usdchf arggggh. anyway i learn another lesson... the red lines intersection was where i stop loss because it was going up and because of my fucking emotion i SL immediately even though my strategy tells me not to.... lesson for me today follow your indicator and strategy not what you feel. it was already 85% return in just 35 hours... PS DEMO GOODNIGHT its almost midnight in my country have to go to school tomorrow
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Pecuniae obediunt omnia
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