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Is there a drawdown indicator out there? 3 replies

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Everyone gambles if there is risk

  • #21
  • Feb 25, 2014 4:54pm Feb 25, 2014 4:54pm
Quoting JoeNY
............. and this was worth starting a thread ???????????????? oh brotha... so what... Why, you're not making any money at this? If not, go back to the drawing board cuz you're doing something wrong... gotta love the doom and gloom in the OP's signature.... Why is this place full of these people....?
I hear you Joe, some serious negative trolls in this Forum singing the same song over and over.......
  • #22
  • Feb 25, 2014 5:24pm Feb 25, 2014 5:24pm
Stopping by for 2 seconds to hear singing from the choir.
  • #23
  • Feb 25, 2014 5:35pm Feb 25, 2014 5:35pm
Quoting Mingary
to hear singing from the choir.
Inserted Video
When the Joker is in the deck.. fear not and play it well
  • #24
  • Feb 25, 2014 5:46pm Feb 25, 2014 5:46pm
if you are loosing in forex and not complaining (much), you might be in the right track, doing export / import
  • #25
  • Feb 26, 2014 4:25am Feb 26, 2014 4:25am
Well, even being a doctor or a teacher does have risk. I find no job that totally give you "free risk" at all. By the way, if you think it's gambling. Fine, that's your money and you can do whatever you want. My advice is that, if you think trading is gambling, then u can learn how to play poker like a pro because it gives you much more % of return than trading Forex.
  • #26
  • Feb 26, 2014 5:00am Feb 26, 2014 5:00am
Good post that



Quoting Mingary
{quote} When you know and accept that trading is gambling (stocks, futures, bonds, options, forex and so on) you finally can put it in perspective. You can finally give up the erroneous notion that "it is a business". You start really enjoying your real job - the one that really matters because it pays for your gambling habit. You begin to feel really amused when you hear about millionaires in RETAIL forex as you now know that the someone who knows someone who knows someone who is a forex millionaire is all marketing from the schemers and scammers....
  • #27
  • Feb 26, 2014 5:05am Feb 26, 2014 5:05am
I'm thinking that after 4 years of trying he's finally getting clued up, whereas you....



Quoting JoeNY
............. and this was worth starting a thread ???????????????? oh brotha... so what... Why, you're not making any money at this? If not, go back to the drawing board cuz you're doing something wrong... gotta love the doom and gloom in the OP's signature.... Why is this place full of these people....?
  • #28
  • Feb 26, 2014 6:41am Feb 26, 2014 6:41am
Its little bit hard for me to believe that all big financial institutions do gambling in their trading room ( sorry gambling room) by traders ( gamblers) on daily basis. There are certain ways to differentiate between trading and gambling and necessarily whatever involves risk is not gamble. Gamble usually works based on the taking advantage of probabilities without any analysis. What a professional trader does, is to analyse the chart according to the trading plan, execute the order according to the trading plan and set up a logical exit point in both case of loss or profit again according to the trading plan. Trading like any other businesses involves risk but of course a reasonable calculated risk.
  • #29
  • Feb 26, 2014 7:23am Feb 26, 2014 7:23am
Not sure I understand this post..... Can you clear it up for me....

Quoting Squeeze
I'm thinking that after 4 years of trying he's finally getting clued up, whereas you.... {quote}
SPC * Swollen PocketZ Crew!
  • #30
  • Feb 26, 2014 8:11am Feb 26, 2014 8:11am
Live trade... if it works, it works, if it doesn't... so what. I took some profit already... I'm not greedy.. Are you?!

It works more times than it doesn't. PROBABILITIES and money management.

It's not rocket science... Where did I buy and where is my take profit. It happens all the time.... It's fucking boring...

I'm an amateur with less than a year trading Forex. PRICE IS EVERYTHING. How many times do you need to hear this!!!

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You doom and gloom mutha F-ers need to quit cryin' and get to work. Lazy will get you no where fast.
Price is everything so if you're foolin' around with your little colorful bells and whistles, good luck.
One trade... that's all you need. Keep it simple. It takes years to develop multiple goodies for the goody bag. Take it slow. Focus on one at a time.

ONE TRADE.... EVERYONE HAS ONE!!!!!
Everyone has that one trade that is right more times than it's wrong. Why look for anything else. Only trade your one good trade. Here's the catch. It may not come every hour or everyday. You have to wait and be patient. CAN YOU SIT THERE BORED OUT OF YOUR MIND???!!! It may takes years to grow a small account into a large account. So what, the outcome is the same. MoRE Money! CAN YOU WAIT????!!! or are you a greedy bastard that wants everything now? Go play the lottery than jerk off.

You can lose money faster than you can make it. It's that simple ... PERIOD!

INSANITY - Doing the same thing over and over again and expecting different results.

TAKE SOME PROFITS RIGHT AWAY. Scale out...
TAKE SOME PROFITS RIGHT AWAY. Scale out...
TAKE SOME PROFITS RIGHT AWAY. Scale out...
TAKE SOME PROFITS RIGHT AWAY. Scale out...

DON'T BE AFRAID WHEN PRICE RETRACES!
DON'T BE AFRAID WHEN PRICE RETRACES!
DON'T BE AFRAID WHEN PRICE RETRACES!

Does the market shake you out all the time? Do you always close your orders when price retraces because you're afraid of loss only to find price rockets back up and away right after you closed your order for a small loss or BE???!!!

DON'T BE AFRAID WHEN PRICE RETRACES!
DON'T BE AFRAID WHEN PRICE RETRACES!
DON'T BE AFRAID WHEN PRICE RETRACES!

RETRACEMENT IS YOUR FRIEND... LEARN ABOUT WHY IT HAPPENS!!!!
RETRACEMENT IS YOUR FRIEND... LEARN ABOUT WHY IT HAPPENS!!!!
RETRACEMENT IS YOUR FRIEND... LEARN ABOUT WHY IT HAPPENS!!!!

It's not rocket science...
K.I.S.S.
SPC * Swollen PocketZ Crew!
  • #31
  • Edited 10:30am Feb 26, 2014 9:51am | Edited 10:30am
Exactly what I typed in the previous post just happened. Price retraced to fill some orders and fill a gap. How many would look at that coming down like a rocket and bail... Not me... I BUY MORE!!!!! Back into the buy orders and I just buy some more and scale out yet again. Ricochet Rabbit.. PING PING BINGGGG!!!

Fool me once, shame on you, fool me twice.... you know the rest.

DON'T BE AFRAID WHEN PRICE RETRACES!
DON'T BE AFRAID WHEN PRICE RETRACES!
DON'T BE AFRAID WHEN PRICE RETRACES!

BUY MORE, SCALE OUT.... KILL ORDERS, CREATE NEW ORDERS..

KEEP ATTACKING! Whatever, 5 pips, 10 pips, 20, 30... It's your totals at the end of the day. You got to work...

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SPC * Swollen PocketZ Crew!
  • #32
  • Feb 26, 2014 9:56am Feb 26, 2014 9:56am
ES E-mini... In the words of Keyser Soze... ATM machine

You gotta work and TAKE YOUR PROFITS!!!!!!!!!!!!!!!!!!!!!!

All trades closed... Have to go to work.... Over and out Mutha-F-ers!!!

NO MORE DOOM AND GLOOM PLEASE!!!! Sharpen your pencils....

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SPC * Swollen PocketZ Crew!
  • #33
  • Feb 26, 2014 10:07am Feb 26, 2014 10:07am
Quoting JoeNY
Exactly what I typed in the previous post just happened. Price retraced to fill some orders and fill a gap. How many would look at that coming down like a rocket and bail... Not me... I BUY MORE!!!!! Back into the buy orders and I just buy some more and scale out yet again. Ricochet Rabbit.. PING PING BINGGGG!!! Fool me once, shame on me, fool me twice.... you know the rest. DON'T BE AFRAID WHEN PRICE RETRACES! DON'T BE AFRAID WHEN PRICE RETRACES! DON'T BE AFRAID WHEN PRICE RETRACES! BUY MORE, SCALE OUT.... KILL ORDERS, CREATE NEW ORDERS.. KEEP...
Yup, one of the keys to making money in this business is to add to your positions on retraces while the majority are getting stopped out!
  • #34
  • Feb 26, 2014 10:11am Feb 26, 2014 10:11am


Quoting yazzie
{quote} Yup, one of the keys to making money in this business is to add to your positions on retraces while the majority are getting stopped out!
SPC * Swollen PocketZ Crew!
  • #35
  • Feb 26, 2014 10:20am Feb 26, 2014 10:20am
And keeping within spirit of this thread's original title (even though I don't agree with it!) I just "gambled" (by scaling in to a position on the GBP/JPY) with the "risk" from the fundamental situation going on in the Ukraine which sent the Yen crosses crashing, thus creating a great opportunity to add to a position and make a quick 40 pips.

In my opinion, a few posters here could make better use of their time to study the Technicals and Fundamentals and understand how to make money from opportunity rather than constantly being negative and painting a gloom and doom cloud over trading Forex......
  • #36
  • Edited 11:45am Feb 26, 2014 11:30am | Edited 11:45am
Continued from above... Where is price? Random my ass! Gambling? Whatever.....

Now I really have to go to work... Late, oh well.... but maybe one day I can quit....

No candles, no fancy gadgets or gizmos, no spider webs on the screen.... Just price... Price is King...

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SPC * Swollen PocketZ Crew!
  • #37
  • Feb 26, 2014 3:00pm Feb 26, 2014 3:00pm
Whats the day job joe?



Quoting JoeNY
ES E-mini... In the words of Keyser Soze... ATM machine You gotta work and TAKE YOUR PROFITS!!!!!!!!!!!!!!!!!!!!!! All trades closed... Have to go to work.... Over and out Mutha-F-ers!!! NO MORE DOOM AND GLOOM PLEASE!!!! Sharpen your pencils.... {image}
  • #38
  • Feb 26, 2014 3:16pm Feb 26, 2014 3:16pm
Quoting Squeeze
Whats the day job joe? {quote}
Blue Collar Worker... I'll PM you... You will laugh....
SPC * Swollen PocketZ Crew!
  • #39
  • Feb 26, 2014 4:08pm Feb 26, 2014 4:08pm
Quoting Squeeze
Good post that {quote}
I am just a funky homosapien striving for a high level of mediocrity.





On these forums you can cut the pretense with a knife.
  • #40
  • Feb 26, 2014 4:54pm Feb 26, 2014 4:54pm
This thread is a borefest but what I find more interesting than trading is Tuvalu. Is there a more remote place on this planet? Jeeeeeze... How's the fishing, that's all I want to know.....



Quoting Mingary
{quote} I am just a funky homosapien striving for a high level of mediocrity. On these forums you can cut the pretense with a knife.
SPC * Swollen PocketZ Crew!
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