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There is no Holy Grail

  • #21
  • Dec 4, 2013 10:19pm Dec 4, 2013 10:19pm
Quoting Custos
{quote} Sorry but that is a load of crap. Account size means nothing. The difference between a successful and an unsuccessful trader is not the account size, but his trading system and his understanding of the market. The money management employed will just tell you how fast you will lose your entire account (prerequisite: you have a crappy trading system). So your 100K account might go bust in 5 years, because you have such a conservative money management, while a 10K account will go down within a few months or one year time. And making 2% profit...

A good trader follows his rules, but great trader knows when to break them
  • #22
  • Dec 4, 2013 10:51pm Dec 4, 2013 10:51pm
As someone mentioned earlier "it boils down to the system". You have members who have had a single account for over 12 months with no margin call, and over 400% profit. Those are guys who are excellent trades. Those are the people who we should try to learn from or have manage our accounts. Not these busters who rationalize everything, but when it comes to trading they can't preform worth a lick.
  • #23
  • Dec 4, 2013 11:05pm Dec 4, 2013 11:05pm
Quoting Master_kiwa
As someone mentioned earlier "it boils down to the system". You have members who have had a single account for over 12 months with no margin call, and over 400% profit. Those are guys who are excellent trades. Those are the people who we should try to learn from or have manage our accounts. Not these busters who rationalize everything, but when it comes to trading they can't preform worth a lick.
400% profit? that is kids stuff……if you can make 50% a year, you are a great trader, of course you can make 400% profit with $100, try to make it with $100000...

If you think that it boils down to the system, then I think you are wrong and you will not make till you realise that, there are millions of great system out there, but only a few people will be able to make some profit out of it. Why?

Have a read, I hope you will get something out of it...
Attached File(s)
File Type: pdf winningdaytradermind.pdf   315 KB | 2,463 downloads
Wherever you go, there you are.
  • #24
  • Dec 4, 2013 11:09pm Dec 4, 2013 11:09pm
Quoting milam
{quote} 400% profit? that is kids stuff……if you can make 50% a year, you are a great trader, of course you can make 400% profit with $100, try to make it with $100000... If you think that it boils down to the system, then I think you are wrong and you will not make till you realise that, there are millions of great system out there, but only a few people will be able to make some profit out of it. Why? Have a read, I hope you will get something out of it... {image}
and more:
Attached File(s)
File Type: pdf Mental_Fitness_For_Traders.pdf   700 KB | 378 downloads
Wherever you go, there you are.
  • #25
  • Dec 4, 2013 11:21pm Dec 4, 2013 11:21pm
Quoting milam
{quote} 400% profit? that is kids stuff……if you can make 50% a year, you are a great trader, of course you can make 400% profit with $100, try to make it with $100000... If you think that it boils down to the system, then I think you are wrong and you will not make till you realise that, there are millions of great system out there, but only a few people will be able to make some profit out of it. Why? Have a read, I hope you will get something out of it... {image}
Why would you say that making 400% is kids stuff? Have you earned 400% profit with 100usd? If one uses the same money management with a 100usd account and a 100kusd account then 400% is still 400% No matter how large or small your account is the % profit is a reflection of your system. Your money management, and you as a trader. You fail to see that based on your bias opinion of big vs little. Yet, your buy and sell isn't determined based on your account size. If it is then you aren't trading.
  • #26
  • Dec 4, 2013 11:22pm Dec 4, 2013 11:22pm
Quoting milam
{quote} 400% profit? that is kids stuff……if you can make 50% a year, you are a great trader, of course you can make 400% profit with $100, try to make it with $100000... If you think that it boils down to the system, then I think you are wrong and you will not make till you realise that, there are millions of great system out there, but only a few people will be able to make some profit out of it. Why? Have a read, I hope you will get something out of it... {image}
Save your breath, I had to add this muppet to my ignore list a few days ago, he knows nothing about trading and argues in circles.
  • #27
  • Dec 4, 2013 11:53pm Dec 4, 2013 11:53pm
Quoting Master_kiwa
{quote} Why would you say that making 400% is kids stuff? Have you earned 400% profit with 100usd? If one uses the same money management with a 100usd account and a 100kusd account then 400% is still 400% No matter how large or small your account is the % profit is a reflection of your system. Your money management, and you as a trader. You fail to see that based on your bias opinion of big vs little. Yet, your buy and sell isn't determined based on your account size. If it is then you aren't trading.
I am not sure how best I can explain this but I will try my best, I just hope that you take my posts as an advise to you …….

Trading is simple, mastering yourself is difficult….that is why only a few will make it….

When you trade your ego comes into play and it will make it so difficult for you at any chance he has got…..when you lose, when you win an so on…..

Yes it should be the same trading $100 or $100000 in theory, but in reality it is not unless you have mastered yourself……

Now if you are telling me that it is easy to return 400% on a $100000 account without being there, my advise to you is that your ego is doing the talk and you have a lot of work to do……sorry, this is just a constructive criticism...
Wherever you go, there you are.
  • #28
  • Dec 5, 2013 3:29am Dec 5, 2013 3:29am
Quoting milam
{quote} 400% profit? that is kids stuff……if you can make 50% a year, you are a great trader, of course you can make 400% profit with $100, try to make it with $100000... If you think that it boils down to the system, then I think you are wrong and you will not make till you realise that, there are millions of great system out there, but only a few people will be able to make some profit out of it. Why? Have a read, I hope you will get something out of it... {image}
Nice recommendation. It's a good read. Thx Bro.
The only winner is the one who survive the longest...
  • #29
  • Dec 5, 2013 3:34am Dec 5, 2013 3:34am
Quoting milam
{quote} Yes it should be the same trading $100 or $100000 in theory, but in reality it is not unless you have mastered yourself……
Yes. If I asked you to run across a plank of wood 30cm off the ground, no problem. Now if I placed that same plank 100 metres up, I bet you couldn't do it.
  • #30
  • Dec 5, 2013 3:37am Dec 5, 2013 3:37am
Quoting kinspk
{quote} Nice recommendation. It's a good read. Thx Bro.
I am glad it make sense to you, focus on making 0.2 %….the rest will come……focus on volume…..treat this as a business….you will have losing days….. all business will ….and learn not to make emotion come in play……difficult? Yes, but very much doable is you are on the right way...

What I am really saying, do not focusing on searching something outside yourself, it is all there….
Wherever you go, there you are.
  • #31
  • Edited 6:40am Dec 5, 2013 4:17am | Edited 6:40am
Quoting milam
{quote} I am not sure how best I can explain this but I will try my best, I just hope that you take my posts as an advise to you ……. Trading is simple, mastering yourself is difficult….that is why only a few will make it…. When you trade your ego comes into play and it will make it so difficult for you at any chance he has got…..when you lose, when you win an so on….. Yes it should be the same trading $100 or $100000 in theory, but in reality it is not unless you have mastered yourself…… Now if you are telling me that it is easy to return 400% on...
I agree!
More related stuff [if interested] is here: http://www.forexfactory.com/showthread.php?t=459430

That 'constructive criticism' thing isn't safe these days - tested on myself! [just the previous page will say a lot]
The single most important factor is having control of your own life.
  • #32
  • Dec 5, 2013 4:31am Dec 5, 2013 4:31am
Quoting Mikkk01
{quote} I agree! More related stuff [if interested] is here: http://www.forexfactory.com/showthread.php?t=459430 That 'constructive criticism' thing isn't safe there days - tested on myself! [just the previous page will say a lot]
Thank you for your post, mate…..

I like your tenacity……a good prerogative… keep up the good work..
Wherever you go, there you are.
  • #33
  • Dec 5, 2013 4:36am Dec 5, 2013 4:36am
Quoting milam
{quote} Thank you for your post, mate….. I like your tenacity……a good prerogative… keep up the good work..

Oh, that's not tenacity - just that I know what I'm talking about [if one does - it's easy - at least it is for me]. If I don't - I'd rather stay silent.
The single most important factor is having control of your own life.
  • #34
  • Dec 5, 2013 6:05am Dec 5, 2013 6:05am
Quoting milam
{quote} I am not sure how best I can explain this but I will try my best, I just hope that you take my posts as an advise to you ……. Trading is simple, mastering yourself is difficult….that is why only a few will make it…. When you trade your ego comes into play and it will make it so difficult for you at any chance he has got…..when you lose, when you win an so on….. Yes it should be the same trading $100 or $100000 in theory, but in reality it is not unless you have mastered yourself…… Now if you are telling me that it is easy to return 400% on...
It isn't a question about "being there" or not. The reality is it is the same. We aren't talking about emotions. I am simply pointing out the fact that it is the same. No matter how big or small the account. You still have to execute the trades the same, and decide to take profit the same. Saying that "one must master" them self isn't giving anyone any actual advice. Yet thanks anyway.
  • #35
  • Edited 1:21pm Dec 5, 2013 6:16am | Edited 1:21pm
Quoting Master_kiwa
Saying that "one must master" them self isn't giving anyone any actual advice.
Oh, you're wrong - it IS.
For those only, however, who bother to think about it for more than a couple of minutes or already know something about it.
It's about fine-tuning your brain so that it's working for you [not sitting aside on its lazy ass or sabotaging you when you don't even know].
I gave the link...
The single most important factor is having control of your own life.
  • #36
  • Dec 5, 2013 6:36am Dec 5, 2013 6:36am
Quoting Mikkk01
{quote} Oh, you're wrong - it IS. For those only, however, who bother to think about it for more than a couple of minutes or already knows something about it. It's about fine-tuning your brain so that it's working for you [not sitting aside on its lazy ass or sabotaging you when you don't even know about it]. I gave the link...
Thank you for the link by the way. Yet it isn't don't reveal anything which anyone knows. You are sure making yourself seem knowledge, but you are saying anything truly helpful. If you want to be helpful mention some good trading systems. Post some trade explorers of the most consistent profitable traders. That is what everyone here is looking for.
  • #37
  • Dec 5, 2013 6:55am Dec 5, 2013 6:55am
Quoting Master_kiwa
{quote} Thank you for the link by the way.
You're welcome.
Quoting Master_kiwa
{quote}Yet it isn't don't reveal anything which anyone knows. You are sure making yourself seem knowledge, but you are saying anything truly helpful.
I don't like repeating the same thing many times so...
Quoting Master_kiwa
{quote} If you want to be helpful mention some good trading systems.
Here: Genesis Matrix.
Quoting Master_kiwa
{quote} Post some trade explorers of the most consistent profitable traders. That is what everyone here is looking for.
Probably you're right: very interesting to track how other people trade and watch fancy graphs with their results. I doubt, however, that I'll ever do that [put explorer of my account here].
Definitely not with my real-money account.
Copying trades on demo and showing here? - For the sake of what?
There's plenty of people here with explorers, mostly BE or losing by the way - ever wondered why? Cause people who win don't care much about what others think and don't try to show how great they are. They just win and enjoy.
The single most important factor is having control of your own life.
  • #38
  • Dec 5, 2013 6:55am Dec 5, 2013 6:55am
Quoting Lib3rty
I'm sorry to squash anyone's dreams, but there is no easy way to making a living from Forex. We all go through the same thing. We get in, think we will end up rich in 6, 12, 18 months etc and then the market humbles us. You want to know how 90%+ of successful traders make consistent money from Forex? The answer is a decent account size ($25K+) coupled with a conservative money management system. Do you know how easy it is to generate a 2% profit each month? It ain't difficult, but on a small account that is not going to be enough to satisfy your...
bro u are so right!
when GOD brings you a challenge he also gives you the power to deal with it
  • #39
  • Dec 5, 2013 7:00am Dec 5, 2013 7:00am
Quoting Mikkk01
{quote} You're welcome. {quote} I don't like repeating the same thing many times so... {quote} Here: Genesis Matrix. {quote} Probably you're right: very interesting to track how other people trade and watch fancy graphs with their results. I doubt, however, that I'll ever do that [put explorer of my account here]. Definitely not with my real-money account. Copying trades on demo and showing here? - For the sake of what? There's plenty of people here with explorers, mostly BE or losing by the way - ever wondered why? Cause people who win...
You don't have a trade explorer because you trade in demo. You also care what people say or think because you are responding to everything that I am saying. We can go back and forth, yet the reality is lead by example, which you aren't doing. No trade explorer makes you just another "guru" looking for people say how amazing you are. When the reality is you aren't profiting from the time which you are putting into forex.
  • #40
  • Edited 7:38am Dec 5, 2013 7:21am | Edited 7:38am
Another viperous answer, well...
Quoting Master_kiwa
{quote} You don't have a trade explorer because you trade in demo.
You don't have any proof of that and when people say stuff they can't prove they're called "muppets" - you've just joined a union of those funny creatures!
Quoting Master_kiwa
{quote} You also care what people say or think because you are responding to everything that I am saying.
Huh, that's a funny statement!
Isn't it because you're ignored by so many people or you write crap [just wondering] so that you don't usually get answered and... got used to it?
And you're not saying... muppets usually do the "yappin" thing
Quoting Master_kiwa
{quote} We can go back and forth, yet the reality is lead by example, which you aren't doing. No trade explorer makes you just another "guru" looking for people say how amazing you are. When the reality is you aren't profiting from the time which you are putting into forex.
The reality is you're yappin and I'm enjoying it so far...
Keep in mind, though, that when people get rude or hostile that's usually just because they can't prove what they say and, also, can't admit it when they're wrong.
When [if] BeginnerJoe will get out of his suspension you should make friends with him - same logic, same manner, same muppet, he's just a little less angry. So far go for Magix - he'll also do!
The single most important factor is having control of your own life.
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