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The one reason that trumps all other reasons why traders lose

  • #81
  • Dec 4, 2013 2:49pm Dec 4, 2013 2:49pm
Has anyone else noticed that this was started 40 hours ago and that his posts prior to this were from October?

Don't expect anything more until mid January.
  • #82
  • Dec 5, 2013 8:46am Dec 5, 2013 8:46am
i think it is trading the wrong time frame or maybe lacking the patience. i was trading the 4h chart and i find it very boring (not seeing much movements so i close it asap as i see negaive pips and regret later) then switched to 2h chart and find it noisy then went to daily chart and find it very very boring and i cant take that much negative pips, tried 1m chart, oh i can make 5-10 pips in this TF and after some positive and negative pips i think this is too noisy for me....switched to 5m chart. Perfect! Fits perfectly to my personality...
Pecuniae obediunt omnia
  • #83
  • Dec 5, 2013 9:18am Dec 5, 2013 9:18am
Quoting Baggi
Has anyone else noticed that this was started 40 hours ago and that his posts prior to this were from October? Don't expect anything more until mid January.
Who cares if he ever comes back. This thread is loaded with tons of good and helpful info and I hope traders keep on posting their thoughts. Now that I think about it, we probably should thank the guy for starting it.
Nobody ever went broke closing a trade in profit
  • #84
  • Dec 5, 2013 9:25am Dec 5, 2013 9:25am
Quoting PIPot
i think it is trading the wrong time frame or maybe lacking the patience. i was trading the 4h chart and i find it very boring (not seeing much movements so i close it asap as i see negaive pips and regret later) then switched to 2h chart and find it noisy then went to daily chart and find it very very boring and i cant take that much negative pips, tried 1m chart, oh i can make 5-10 pips in this TF and after some positive and negative pips i think this is too noisy for me....switched to 5m chart. Perfect! Fits perfectly to my personality...

this makes no sense to me...... Time frames do not exist, you are trading one instrument, Bid/Ask constantly re adjusting according to size traded. Those transactions get recorded, 1Minute or 1month the same transactions , same prize at the same time. The only thing that differs is the interval of time you are encapsulating these transactions. It's not like you are trading different instruments at 1minute from 1 day candle/bar charts.
AVT INVENIAM VIAM AVT FACIAM
  • #85
  • Dec 6, 2013 1:41pm Dec 6, 2013 1:41pm
Quoting the redlion
{quote} this makes no sense to me...... Time frames do not exist, you are trading one instrument, Bid/Ask constantly re adjusting according to size traded. Those transactions get recorded, 1Minute or 1month the same transactions , same prize at the same time. The only thing that differs is the interval of time you are encapsulating these transactions. It's not like you are trading different instruments at 1minute from 1 day candle/bar charts.
This is true.but one must take a snippit of time from a given period to break. The endless time problem.otherwise u become victim to the maths.
  • #86
  • Dec 6, 2013 2:08pm Dec 6, 2013 2:08pm
I think it's " consistency" Consistency when it comes to: trading method, money management and mindset.
Nobody ever went broke closing a trade in profit
  • #87
  • Dec 7, 2013 1:34am Dec 7, 2013 1:34am
Quoting gp00053
I think it's " consistency" Consistency when it comes to: trading method, money management and mindset.
Lack of consistency because of fear...
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #88
  • Dec 7, 2013 5:32am Dec 7, 2013 5:32am
Quoting lananpips
{quote} Lack of consistency because of fear...
Lol you're right and I posted in the wrong thread.(old age is a bitch sometimes)
Nobody ever went broke closing a trade in profit
  • #89
  • Dec 8, 2013 2:59am Dec 8, 2013 2:59am
Actually sometime i feel that the forex market was like a football game. You know? For example: EUR vs USD is just like Brazil vs Itally.

I feel like there are "someone" controlling the market movement, like bookie in a gambling? Thus, if the whole market people like us ... a normal trader... betting the EUR is going higher but "someone" control behind and let the USD going higher instead of EUR because they got huge funds therefore they can earn money from those losers? Just my 2cents...

Fro example last friday 12/6/13... USD got good result in NFP and Unemployment Rate but how come the EUR is shooting up instead of USD? Weird weird...
  • #90
  • Dec 10, 2013 5:14am Dec 10, 2013 5:14am
Hint number 1: No teamwork kills more traders than raid kills roaches. Everyone wants to say they invented their own system rather than putting together a few good rules from traders already either winning or at least not losing. But you are all sharp guys. I want to hear more about what else you think holds a trader back. lets get this thread going.
  • #91
  • Dec 10, 2013 5:20am Dec 10, 2013 5:20am
Quoting yoengjyh
Actually sometime i feel that the forex market was like a football game. You know? For example: EUR vs USD is just like Brazil vs Itally. I feel like there are "someone" controlling the market movement, like bookie in a gambling? Thus, if the whole market people like us ... a normal trader... betting the EUR is going higher but "someone" control behind and let the USD going higher instead of EUR because they got huge funds therefore they can earn money from those losers? Just my 2cents... Fro example last friday 12/6/13... USD got good result in...
yoeng,

I recently had a woman I respect as the best Forex trader around, her husband(and trading partner for 20 yrs) said in a webinar that there is no way there is "free trade' in the Forex markets." He feels its a rigged game. And they give us the BS that because 3 trillion a day goes thru it, it has to be the most honest. Oh really? Well when 11 banks control 805 of the volume, they may not control every hour or even every day, but at the end of the week, and definitely at the end of every month, I think they know which currencies are going to be taking the money. That doesnt mean we cant beat it. But scalping and winning? Forget it. She wrote a very interesting book called Volume Price Analysis. Anna "something" is her name. Sharp British woman.
  • #92
  • Dec 10, 2013 7:57am Dec 10, 2013 7:57am
There are successful scalpers on this forum so for me this thread is already started to suck.

But I did heard that market makers don't like scalpers so Silat perhaps you work for them...........
  • #93
  • Dec 10, 2013 8:14am Dec 10, 2013 8:14am
Quoting Silat50
But scalping and winning? Forget it.
You either have proof that there're no consistently successful scalpers or you wrote bullshit...

Hint: you can't have such a proof.

So next time when you wanna state something based on nothing, that somehow came to your undoubtedly very bright mind from the air, ask yourself whether you have a clue of what you're talking about.
The single most important factor is having control of your own life.
  • #94
  • Dec 10, 2013 8:19am Dec 10, 2013 8:19am
Quoting Vitez
I did heard that market makers don't like scalpers so Silat perhaps you work for them...........
That's a good point
Though, I doubt anybody now is trading with a market maker - that's just unreasonable...
The single most important factor is having control of your own life.
  • #95
  • Dec 10, 2013 9:11am Dec 10, 2013 9:11am
Emotions, we need to trade the facts and not let our emotions influence our trading decisions.
  • #96
  • Dec 10, 2013 9:41am Dec 10, 2013 9:41am
Silat with all due respect, so far your revelations suck...

"To hold, you must first open your hand. Let go." - Lao Tzu
  • #97
  • Dec 10, 2013 9:45am Dec 10, 2013 9:45am
Quoting vox dei
Silat with all due respect, so far your revelations suck...
My god!
What were you expecting here?

All was pretty clear for me from the very beginning [my post from the first day of the thread]:

Quoting JoeNY
I hate to be a pessimist but I have a feeling this thread is going to be a disappointment... Just saying

You bet!
That guy just wants to

Quoting Silat50
have fun looking at all the different answers

by setting some talk-show here or a Fort Boyard game , look at that:

Quoting Silat50
But what is mine??? Hint: I will give hints every so often if nobody is getting close.
The single most important factor is having control of your own life.
  • #98
  • Dec 10, 2013 12:05pm Dec 10, 2013 12:05pm
most lose because they trade like sheep, they think their PSL is in a good place but its where the majority of traders are setting them. Most strategies are similar so we are all entering long eventually and just then they turn the price and we keep chasing it like cat n mouse
  • #99
  • Edited 12:51pm Dec 10, 2013 12:39pm | Edited 12:51pm
Quoting JayPipin
most lose because they trade like sheep, they think their PSL is in a good place but its where the majority of traders are setting them. Most strategies are similar so we are all entering long eventually and just then they turn the price and we keep chasing it like cat n mouse
So, those treacherous 'they', whoever they are, obscenely hunt our stops, right?

1) How do you know that? - Are you one of those bastards?
2) Have you ever thought that signal down on one TF may be signal up on another? - So by getting one group of stops 'they' will hit someone's TPs?
The single most important factor is having control of your own life.
  • #100
  • Dec 10, 2013 1:01pm Dec 10, 2013 1:01pm
The one reason that trumps all other reasons why traders lose is...
.... persistently trading in the wrong direction.
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