Do You Have A Winning Mentality? | Page 2 | Forex Factory

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Do You Have A Winning Mentality?

  • #21
  • Sep 20, 2013 5:03am Sep 20, 2013 5:03am
Quoting Muhammad Ezz
{quote} Your problem isn't that big I guess. You're just missing on studying more
Look, I'm all about positive thinking - it's great stuff. But I see this from time to time and a positive outlook isn't going to make anybody profitable. You need a strategy that works long term and provides low risk high reward opportunities, which is something almost everybody lacks.
  • #22
  • Sep 21, 2013 6:15am Sep 21, 2013 6:15am
Quoting Kanzler
{quote} Look, I'm all about positive thinking - it's great stuff. But I see this from time to time and a positive outlook isn't going to make anybody profitable. You need a strategy that works long term and provides low risk high reward opportunities, which is something almost everybody lacks.
Yes, but a positive outlook means you don't give up. Reading various posts in this forum, it has taken some over a decade. What if they fell at the first hurdle and threw in the towel?
  • #23
  • Sep 21, 2013 7:30am Sep 21, 2013 7:30am
Quoting jen101
{quote} Yes, but a positive outlook means you don't give up. Reading various posts in this forum, it has taken some over a decade. What if they fell at the first hurdle and threw in the towel?
There are also many who've spent years and thousands of their retirement funds pursuing this and they're still trying to find the MA cross holy grail. Time for them to face the music and quit.
  • #24
  • Sep 21, 2013 7:48am Sep 21, 2013 7:48am
If no one ever took a risk and had belief, then we'd have no entrepreneurs, no inventors, no Olympic gold medal winners; we'd all still be living in the dark ages. And Man U would be languishing somewhere in the lower leagues....
  • #25
  • Sep 21, 2013 7:57am Sep 21, 2013 7:57am
Quoting jen101
If no one ever took a risk and had belief, then we'd have no entrepreneurs, no inventors, no Olympic gold medal winners; we'd all still be living in the dark ages. And Man U would be languishing somewhere in the lower leagues....
I didn't say don't take a risk, but some people need to re-evaluate where they're at after years of failure. There's a point in time where you need to execute a real-life stoploss and move onto something else.
  • #26
  • Sep 21, 2013 9:30am Sep 21, 2013 9:30am
Quoting Kanzler
{quote} I didn't say don't take a risk, but some people need to re-evaluate where they're at after years of failure. There's a point in time where you need to execute a real-life stoploss and move onto something else.
There seems to be a fine line between deluded and persistent and it's all a matter of opinion.
  • #27
  • Sep 22, 2013 11:55pm Sep 22, 2013 11:55pm
In trading losing mentality is best.
In the real world winning mentality is best.
  • #28
  • Oct 14, 2013 5:38am Oct 14, 2013 5:38am
The MA cross system(s) on bigger TFs are in a way, the Holy Grail. Ride the big waves, nothing complicated.

Quoting Kanzler
{quote} There are also many who've spent years and thousands of their retirement funds pursuing this and they're still trying to find the MA cross holy grail. Time for them to face the music and quit.
forget about tomorrow, just steal away into the night
  • #29
  • Oct 14, 2013 4:54pm Oct 14, 2013 4:54pm
Quoting spekitox
The MA cross system(s) on bigger TFs are in a way, the Holy Grail. Ride the big waves, nothing complicated. {quote}
And how do you know when one wave is done and another begins? It's only a holy grail in hindsight with absolutely no long term predictive power.
  • #30
  • Oct 16, 2013 3:15am Oct 16, 2013 3:15am
Umm, by wave I mean trend on a bigger TF, nothing like Elliot wave or stuff like that.

Quoting Kanzler
{quote} And how do you know when one wave is done and another begins? It's only a holy grail in hindsight with absolutely no long term predictive power.
forget about tomorrow, just steal away into the night
  • #31
  • Oct 16, 2013 5:23am Oct 16, 2013 5:23am
Quoting spekitox
Umm, by wave I mean trend on a bigger TF, nothing like Elliot wave or stuff like that. {quote}
I know - waves like the oscillating nature of moving averages. but how do you get in and out at the top or bottom without waiting and sacrificing all of your profit?
  • #32
  • Oct 16, 2013 8:37am Oct 16, 2013 8:37am
Those who claim to have a "Winning Mentality"

... don't have one.
  • #33
  • Oct 16, 2013 11:09am Oct 16, 2013 11:09am
Quoting Kanzler
{quote} I know - waves like the oscillating nature of moving averages. but how do you get in and out at the top or bottom without waiting and sacrificing all of your profit?
Get in on the crossover , get out when it crosses back, or get out when it hits the desired risk/reward, as long as you have crunched the numbers and analyzed the data you should know what to do.
  • #34
  • Oct 16, 2013 11:27am Oct 16, 2013 11:27am
...a whining mentality
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #35
  • Oct 16, 2013 3:56pm Oct 16, 2013 3:56pm
Quoting ftw
{quote} Get in on the crossover , get out when it crosses back, or get out when it hits the desired risk/reward, as long as you have crunched the numbers and analyzed the data you should know what to do.
Getting in at the crossover and getting out when it crosses back is a losing strategy. Countless people here have tried it and proven so. "As long as you have crunched the numbers and analyzed the data" is pretty vague - are you saying you rely on fundamental news to determine which crosses you're choosing to enter on? What happens when you get a massive move against you and your lagging indicator hands you a massive loss because the cross didn't finalize yet?
  • #36
  • Oct 16, 2013 11:20pm Oct 16, 2013 11:20pm
Arrgh..reading some of the responses, it is obvious some of us need the magik ball to cue in trades..
FWIW, hope it eternal and yeah, corny but all true - translated, even a persistent DD trader will have hopes of making it big.. but a winning trader will have what it takes, to move ahead.
As for the ingredients, start with mentality and move on to skill and an aptitude to learn and apply knowledge..
  • #37
  • Oct 18, 2013 9:57am Oct 18, 2013 9:57am
Dear A** H**es and their loved ones. FYI your negativity isn't welcomed so be helpful to our fellow members OR S**k it ... thanks for your attention!
So sorry for always replying late! But I got 2 Jobs!!
  • #38
  • Oct 19, 2013 7:47am Oct 19, 2013 7:47am
Trader should be mentally strong in trading because Forex requires lots of patience money management and trading skills so that we will be able to earn good and consistent profit.
  • #39
  • Last Post: Oct 19, 2013 7:48am Oct 19, 2013 7:48am
Quoting hedging
Trader should be mentally strong in trading because Forex requires lots of patience money management and trading skills so that we will be able to earn good and consistent profit.
(Y)
So sorry for always replying late! But I got 2 Jobs!!
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