The one reason that trumps all other reasons why traders lose | Page 12 | Forex Factory

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The one reason that trumps all other reasons why traders lose

  • #221
  • Dec 30, 2013 6:12am Dec 30, 2013 6:12am
OK the trading part. Yeah that doesn't interest me. I thought maybe the casino edge part. Cheers...

Quoting TranceTrader
Try it and see. {quote}
SPC * Swollen PocketZ Crew!
  • #222
  • Dec 30, 2013 6:24am Dec 30, 2013 6:24am
Mark Douglas does a good job of making the impossible sound possible and more importantly the market (in this case the retail forex market) appear controllable.

"Just do this 20 times and the laws of probabilities will give you the casino edge"... sadly it's nonsense wrapped up in logical sounding pseudo science.
  • #223
  • Dec 30, 2013 6:28am Dec 30, 2013 6:28am
Quoting gp00053
I think it's " consistency" Consistency when it comes to: trading method, money management and mindset.
  • #224
  • Dec 30, 2013 6:38am Dec 30, 2013 6:38am
But what does this mean? I mean define rigged. The banks have allowed retailers into their world. Are you not profitable? Are you a fundamentalist and things just don't make sense? I'm being serious....

Quoting UnnamedPlayr
Of course this game is rigged. I think everybody knows that. The one reason why normal traders lose? I would say: they don't know what the big boys are doing and how they do it. Because there is absolute no real transparency. BTW: profitable scalping is possible.
SPC * Swollen PocketZ Crew!
  • #225
  • Dec 30, 2013 7:37am Dec 30, 2013 7:37am
If it's just a flip of the coin strategy, I absolutely agree... To complex for that... Entry exit, etc etc..

Quoting TranceTrader
Mark Douglas does a good job of making the impossible sound possible and more importantly the market (in this case the retail forex market) appear controllable. "Just do this 20 times and the laws of probabilities will give you the casino edge"... sadly it's nonsense wrapped up in logical sounding pseudo science.
SPC * Swollen PocketZ Crew!
  • #226
  • Dec 30, 2013 7:52am Dec 30, 2013 7:52am
Is the OP still reading this?
Time for a new hint?
Persistence will get it. Consistency will keep it.
  • #227
  • Dec 30, 2013 8:52am Dec 30, 2013 8:52am
Quoting shiften
Faster news services, acces to market depth data, " insiders' " insight
I couldn't agree with you more Shiften. Obviously we get the news after the fact.
  • #228
  • Dec 30, 2013 8:55am Dec 30, 2013 8:55am
Are you a technical trader or fundamentalist?

Quoting llonigro
{quote} I couldn't agree with you more Shiften. Obviously we get the news after the fact.
SPC * Swollen PocketZ Crew!
  • #229
  • Dec 30, 2013 9:07am Dec 30, 2013 9:07am
Looking at TS commitment to this thread, you can easily guess his commitment to FX..

100% his answer will be something you have heard in books, some FX forums or even here....

We have people here with all sort of theories and answers. U name it, you will get it... TS is just one of those creative guy around
  • #230
  • Dec 30, 2013 9:47am Dec 30, 2013 9:47am
The only way to stay in the game is to be able to control the only thing you can control, Your Risk!
  • #231
  • Edited 10:19am Dec 30, 2013 9:52am | Edited 10:19am
As per request of the starter I'll keep it short. the reason why people lose money trading because they fail to understand that from any particular price value there are only 2 ways price can go : up or down. and it does it in 95% of cases , in other 5% price stays there for a certain time, and then go anyway :-)) please read the Crucial Point thread http://www.forexfactory.com/showthread.php?t=357104
. Powerful stuff there. Happy New Year Everybody
  • #232
  • Dec 30, 2013 9:58am Dec 30, 2013 9:58am
Why most of the traders lose was because they don't have a Trend Following System Strategies.
  • #233
  • Dec 30, 2013 10:04am Dec 30, 2013 10:04am
Is that what it does.... ? Jesus Christmas, Now why didn't I think of that!!!!!

Quoting moneytub
from any particular price value there are only 2 ways price can go : up or down.
SPC * Swollen PocketZ Crew!
  • #234
  • Dec 30, 2013 12:23pm Dec 30, 2013 12:23pm
Quoting yoengjyh
Why most of the traders lose was because they don't have a Trend Following System Strategies.
there we have it!
  • #235
  • Dec 30, 2013 12:27pm Dec 30, 2013 12:27pm


Quoting yoengjyh
Why most of the traders lose was because they don't have a Trend Following System Strategies.
SPC * Swollen PocketZ Crew!
  • #236
  • Dec 31, 2013 5:48am Dec 31, 2013 5:48am
I see where you met your "Waterloo" the market is not "controllable " and MD was in no way inferring that, if that is what you took away from his work you need to go back to it, listen to that video I posted.
It's not just "logical sounding pseudo science" that make MD's work legitimate but results from countless traders who have been diligent enough to follow his recommendations (the 20 trades test has been validated in my experience).
I bet you've allowed your hormones to interfere in your trading decision and screw up your results then like the proverbial fox you just say MD is wrong and the markets are not controllable.
The markets are not meant to be controlled and you are doomed to failure if you allow yourself or anyone to make you believe they are even those voices you hear when you fall into your trading trance.




Quoting TranceTrader
Mark Douglas does a good job of making the impossible sound possible and more importantly the market (in this case the retail forex market) appear controllable. "Just do this 20 times and the laws of probabilities will give you the casino edge"... sadly it's nonsense wrapped up in logical sounding pseudo science.
Let it turn and find your entry.
  • #237
  • Dec 31, 2013 6:14am Dec 31, 2013 6:14am
Quoting Intrepidpips
I see where you met your "Waterloo" the market is not "controllable " and MD was in no way inferring that, if that is what you took away from his work you need to go back to it, listen to that video I posted. It's not just "logical sounding pseudo science" that make MD's work legitimate but results from countless traders who have been diligent enough to follow his recommendations (the 20 trades test has been validated in my experience). I bet you've allowed your hormones to interfere in your trading decision and screw up your results then like the...
I think maybe you should explore some of his other work and do not assume you're speaking to someone who is uninitiated, I've been in your shoes some time back, adamant his advice is sound but it's only through empirical evidence and a full understanding that the truth becomes apparent. For the record, I've read his book twice, listened to the audio book, watched the youtube videos and watched his DVD workshop (the best out of all his material) as posted here http://markdouglas.com/workshops.html (How To Think Like a Professional Trader).

Please read the following posts with reference to Mark Douglas, hopefully they will explain the caution I advise.
http://www.forexfactory.com/showthre...00#post7026900
http://www.forexfactory.com/showthre...81#post7027181
http://www.forexfactory.com/showthre...00#post7027600
http://www.forexfactory.com/showthre...68#post7042568
  • #238
  • Dec 31, 2013 6:40am Dec 31, 2013 6:40am
Now that's what I call a reply... Nice...

Quoting TranceTrader
{quote} I think maybe you should explore some of his other work and do not assume you're speaking to someone who is uninitiated, I've been in your shoes some time back, adamant his advice is sound but it's only through empirical evidence and a full understanding that the truth becomes apparent. For the record, I've read his book twice, listened to the audio book, watched the youtube videos and watched his DVD workshop (the best out of all his material) as posted here http://markdouglas.com/workshops.html (How To Think Like a Professional...
SPC * Swollen PocketZ Crew!
  • #239
  • Dec 31, 2013 7:42am Dec 31, 2013 7:42am
Quoting TranceTrader
{quote} I think maybe you should explore some of his other work and do not assume you're speaking to someone who is uninitiated, I've been in your shoes some time back, adamant his advice is sound but it's only through empirical evidence and a full understanding that the truth becomes apparent. For the record, I've read his book twice, listened to the audio book, watched the youtube videos and watched his DVD workshop (the best out of all his material) as posted here http://markdouglas.com/workshops.html (How To Think Like a Professional...
You may have gone through the whole nine yards of reading and listening but what of the 10th yard of putting in the hard grinding work of actually executing your "proven methodology" with fanatic/religious devotion?
No one will execute buy or sell for you, no one will place stops and manage your capital for you, we retail traders are all on our own and we can only deceive ourselves to our detriment when we fail to STICK to the plan.
Someone said "... in trading you either have RESULTS OR EXCUSES"
Which do you have my friend? forget the naysayers who have failed themselves and are cursing sour grapes.
Let it turn and find your entry.
  • #240
  • Dec 31, 2013 8:33am Dec 31, 2013 8:33am
Quoting Intrepidpips
{quote} You may have gone through the whole nine yards of reading and listening but what of the 10th yard of putting in the hard grinding work of actually executing your "proven methodology" with fanatic/religious devotion? No one will execute buy or sell for you, no one will place stops and manage your capital for you, we retail traders are all on our own and we can only deceive ourselves to our detriment when we fail to STICK to the plan. Someone said "... in trading you either have RESULTS OR EXCUSES" Which do you have my friend? forget the naysayers...
I think you might of missed the word empirical from my previous post. I like your black and white mentality, dealing in one or the others like rich or poor, right or wrong, have and have not.... and all the rest. I personally found success in the shades of grey.

Good luck to you.
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