The one reason that trumps all other reasons why traders lose | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

reasons why traders lose 425 replies

Real reason why 99% lose - daytrading 96 replies

The reason why 95% of new traders consistantly lose money 203 replies

Real Reasons why Retail Traders lose money 75 replies

5 Reasons Why Traders Lose 171 replies

Attachments: The one reason that trumps all other reasons why traders lose
Exit Attachments

The one reason that trumps all other reasons why traders lose

  • #181
  • Dec 12, 2013 4:19am Dec 12, 2013 4:19am
The one reason that trumps all other reasons why traders lose -

Listening to those that are completely unqualified to talk about what it takes to be successful. The irony is that 99% of those giving advice on this particular thread are probably not successful traders themselves. The blind leading the blind comes to mind.

Feel free to check out my thread "Ex Institutional Trader" for a no BS approach and some home truths.

Regards, NV
  • #182
  • Dec 12, 2013 4:42am Dec 12, 2013 4:42am
Quoting nv_trader
The one reason that trumps all other reasons why traders lose - Listening to those that are completely unqualified to talk about what it takes to be successful. The irony is that 99% of those giving advice on this particular thread are probably not successful traders themselves. The blind leading the blind comes to mind. Feel free to check out my thread "Ex Institutional Trader" for a no BS approach and some home truths. Regards, NV
Oh, you bet!

Thread starter MUST give you a prize!!!

Everytime I see some advice full of unjustified crappy bullshit based of nothing I think about the same exact thing...
The single most important factor is having control of your own life.
  • #183
  • Dec 12, 2013 4:53am Dec 12, 2013 4:53am
is this a circle-jerk thread going nowhere, or did Silat finally reveal to the world his own answer?
Congratulations ScalaFX for coming out of the closet!
  • #184
  • Dec 12, 2013 5:01am Dec 12, 2013 5:01am
Quoting nubcake
is this a circle-jerk thread going nowhere, or did Silat finally reveal to the world his own answer?
Only hints so far...
The single most important factor is having control of your own life.
  • #185
  • Dec 12, 2013 5:05am Dec 12, 2013 5:05am
Quoting Mikkk01
{quote} Only hints so far...
Right. Good one Silat. Keep dangling that carrot.
Congratulations ScalaFX for coming out of the closet!
  • #186
  • Dec 12, 2013 5:24am Dec 12, 2013 5:24am
Inserted Video


and of course:

Inserted Video
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #187
  • Dec 12, 2013 6:01am Dec 12, 2013 6:01am
Quoting nv_trader
The one reason that trumps all other reasons why traders lose - Listening to those that are completely unqualified to talk about what it takes to be successful. The irony is that 99% of those giving advice on this particular thread are probably not successful traders themselves. The blind leading the blind comes to mind. Feel free to check out my thread "Ex Institutional Trader" for a no BS approach and some home truths. Regards, NV
Thats to form nv trader.arsenal fans only ever show themselves on the rare occasion when there teams scrapping a few results together 😆
  • #188
  • Dec 12, 2013 6:08am Dec 12, 2013 6:08am
Quoting diceman555
{quote} Thats to form nv trader.arsenal fans only ever show themselves on the rare occasion when there teams scrapping a few results together 😆
No matter from who, what matters - it's true...
The single most important factor is having control of your own life.
  • #189
  • Dec 12, 2013 6:35am Dec 12, 2013 6:35am
Correct.... and as such, I edited my post.

Quoting Mikkk01
{quote} *consistently {quote} It never did...
SPC * Swollen PocketZ Crew!
  • #190
  • Dec 12, 2013 6:39am Dec 12, 2013 6:39am
Quoting Mikkk01
{quote} No matter from who, what matters - it's true...
Oh mikk01 .

Dont be so serious a little humour is beneficial to your mind state.😊
  • #191
  • Dec 12, 2013 6:44am Dec 12, 2013 6:44am
Quoting diceman555
{quote} Thats to form nv trader.arsenal fans only ever show themselves on the rare occasion when there teams scrapping a few results together ��

LOL diceman, that actually made me laugh you got me there. Sad thing for me as a fan is you are right. I really hope this early season form doesn't fade away as usual. Last couple of results have not been great but I think the key test comes next, Man City away (a scary prospect for anyone given their home record) and Chelsea at the Emirates.

Best, NV
  • #192
  • Dec 12, 2013 6:47am Dec 12, 2013 6:47am
Quoting diceman555
{quote} Oh mikk01 . Dont be so serious a little humour is beneficial to your mind state.��
Oh, yeah - humour is great!!!

EDIT: I a little bit misunderstood your post - sorry...
The single most important factor is having control of your own life.
  • #193
  • Edited 7:06am Dec 12, 2013 6:54am | Edited 7:06am
Quoting JoeNY
Correct....
I bet you meant it anyway!

You know, lots of muppets hang around here with some 10 000% made this week - next week it's gonna be zero but still... That's why I specified it...

EDIT:
Quoting JoeNY
and as such I edited my post.
- me too.
The single most important factor is having control of your own life.
  • #194
  • Dec 12, 2013 6:58am Dec 12, 2013 6:58am
Quoting nv_trader
{quote} LOL diceman, that actually made me laugh you got me there. Sad thing for me as a fan is you are right. I really hope this early season form doesn't fade away as usual. Last couple of results have not been great but I think the key test comes next, Man City away (a scary prospect for anyone given their home record) and Chelsea at the Emirates. Best, NV
Chelsea are your biggest threat!!!!!!!!!!!!!!!
  • #195
  • Dec 12, 2013 7:11am Dec 12, 2013 7:11am
You again expressed it better. I'm ashamed that English is my first language but for you it is your second language and yet you make better use of putting thought to English words so much better. We really are lazy Americans.. Well I am that is...


Quoting Mikkk01
{quote} I bet you meant it anyway! You know, lots of muppets hang around here with some 10 000% made this week - next week it's gonna be zero but still... That's why I specified it for more clarity...
SPC * Swollen PocketZ Crew!
  • #196
  • Dec 12, 2013 7:26am Dec 12, 2013 7:26am
Quoting JoeNY
You again expressed it better.

Quoting JoeNY
I'm ashamed that English is my first language but for you it is your second language and yet you make better use of putting thought to English words so much better.
Oh, I'd say it's becoming my first too - tons of books read in English, FF in English, I'm even thinking mostly in English - won't be surprised if one day I start talking to people around in English you know I actually like it more now than my mother tongue...
The single most important factor is having control of your own life.
  • #197
  • Dec 12, 2013 10:18am Dec 12, 2013 10:18am
I think, but not really sure.

I feel that successful traders are those who know the whole picture of a currency direction. Therefore, they're just needed to enter their position and let it runs. This has to make sure the account has enough "space" to overcome/undergo market "noise" before you hit the target. UNLESS you trade in short term, then that is another story. I believe there are no way for a currency will change its direction either up or down due to fundamental news release even though it was an important news, every "noise" is solely for short term effect and the currency will go back to the "planned" direction which the country (or the world) wanted. (or maybe "someone" i guess? hmm...) Unless 911 happens again...

So, basically i believe successful traders will pay attention in COT (Commitments of Traders) to see when the whole picture of the currency starting to change and ride on it.

Just my 2cents.

YJ
  • #198
  • Dec 12, 2013 12:56pm Dec 12, 2013 12:56pm
This won't be the first time Silat50 has generously given us the keys to the kingdom. He has previously stated more than once his firm belief that a trader cannot succeed without sharing his faith in god, which is why he is on my iggy list. Don't be surprised if this whole thing turns out to be a sneaky sermon, a far more likely outcome than Silat actually expressing an original idea.
si hoc legere scis nimium eruditionis habes
  • #199
  • Dec 12, 2013 1:29pm Dec 12, 2013 1:29pm
Quoting numbnuts
This won't be the first time Silat50 has generously given us the keys to the kingdom. He has previously stated more than once his firm belief that a trader cannot succeed without sharing his faith in god, which is why he is on my iggy list. Don't be surprised if this whole thing turns out to be a sneaky sermon, a far more likely outcome than Silat actually expressing an original idea.

I can't beef I got some good info here and found your thread which I now follow .
Nobody ever went broke closing a trade in profit
  • #200
  • Dec 14, 2013 9:20am Dec 14, 2013 9:20am
EXPERIENCE!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Muhammad-Ali-coaxing-Sonny-Liston.jpg Size: 1.0 MB
0 traders viewing now