"A handful of patience is worth more than a bushel of brains"
Portugal is getting hammered by Germany and totally lost interest in this match. So, couple of words before I leave. Well, also, I lost interest in posting charts here any longer but a quick summary: what I found on this forum is a mix of things... from patronizing, some complete nonsense to some decent traders (but, very few). Most of the people are here to copy someone's system and trying to figure it out which is legit in my book, but AGAIN - you must use your head or you will be handing me your money...
Members stating that they are in fx or any other market for years and making rookie mistakes and closing trades after couple of pips - what can I say to that? except lough... Changing constantly their 'Trading Explorers' etc is something that would raise a red flag instantly... posting 'Youtube' videos to "help" other traders, Facebook accounts, twitters and all other social media staff - just a red flag in my book and it can go on and on and on... Spending time listening to the music and being consumed by similar thread at 8.30-9.30 NY time, while you should be concentrating on making important decision, what a joke... EA's, indicators, "can you share" questions, wow...
I am aware of the fact that not everyone can make money in trading (for a living!) because it's only natural, but, by pinning hopes to something there is no effort produced individually can lead to only one outcome (reference to 1st post of this thread and chess game).
On demo accounts: yes, for a short period of time if you must. The moment you lose real money, then you will know if you are made of material that can handle pressure. Most of the people hate to lose but this is a business that you'll have to learn how to lose. Same as any other business. If it's snowing, restaurants will be probably empty with no income which is essentially a loss. But, prepare before you put first trade.. do not jump too fast. Plan, create situation that no matter if it's demo or live that you'll be confident of pulling a trigger with the highest chances of success. In my opinion, demo just makes you lazy! You can always reset it. When you stop doing that, you will see that it's more difficult then you think.
The other day I saw a post from a member who actually believes that if you envision your trades, stops, targets, entries it will lead you to success. Wow! Needless to say, his trades were not good, to say at least. Apparently he has a ton of followers! Funny staff. There is so many other examples that I don't feel like going over it at the moment.
Do not feel as this is intended directly to you, dear reader... it's only a simple observation.
Finally, last 2 chars, daytrade entries this morning... this is how it's done.
Check mate!
P.S. Joe, no - they can't pull me back in anymore!
Members stating that they are in fx or any other market for years and making rookie mistakes and closing trades after couple of pips - what can I say to that? except lough... Changing constantly their 'Trading Explorers' etc is something that would raise a red flag instantly... posting 'Youtube' videos to "help" other traders, Facebook accounts, twitters and all other social media staff - just a red flag in my book and it can go on and on and on... Spending time listening to the music and being consumed by similar thread at 8.30-9.30 NY time, while you should be concentrating on making important decision, what a joke... EA's, indicators, "can you share" questions, wow...
I am aware of the fact that not everyone can make money in trading (for a living!) because it's only natural, but, by pinning hopes to something there is no effort produced individually can lead to only one outcome (reference to 1st post of this thread and chess game).
On demo accounts: yes, for a short period of time if you must. The moment you lose real money, then you will know if you are made of material that can handle pressure. Most of the people hate to lose but this is a business that you'll have to learn how to lose. Same as any other business. If it's snowing, restaurants will be probably empty with no income which is essentially a loss. But, prepare before you put first trade.. do not jump too fast. Plan, create situation that no matter if it's demo or live that you'll be confident of pulling a trigger with the highest chances of success. In my opinion, demo just makes you lazy! You can always reset it. When you stop doing that, you will see that it's more difficult then you think.
The other day I saw a post from a member who actually believes that if you envision your trades, stops, targets, entries it will lead you to success. Wow! Needless to say, his trades were not good, to say at least. Apparently he has a ton of followers! Funny staff. There is so many other examples that I don't feel like going over it at the moment.
Do not feel as this is intended directly to you, dear reader... it's only a simple observation.
Finally, last 2 chars, daytrade entries this morning... this is how it's done.
Check mate!
P.S. Joe, no - they can't pull me back in anymore!
"A handful of patience is worth more than a bushel of brains"
- #631
- Jun 16, 2014 2:06pm Jun 16, 2014 2:06pm
- Joined Nov 2013 | Status: Trader | 1,391 Posts
LOL Pawn,
Good Post Man.....
I'm still working on getting weaned off myself. Very entertaining on FF but definitely a distraction to the trading.
Your examples will be here even if you're not. People will still be able to learn.
Gonna miss ya Pal.....
Take Care....
Good Post Man.....
I'm still working on getting weaned off myself. Very entertaining on FF but definitely a distraction to the trading.
Your examples will be here even if you're not. People will still be able to learn.
Gonna miss ya Pal.....
Take Care....
P.S. Joe, no - they can't pull me back in anymore!
SPC * Swollen PocketZ Crew!
LOL Pawn,
Thanks brother, same to you... You will make it, I am sure of it. First - think, then - money.
So long buddy!
Iron Pawn
"A handful of patience is worth more than a bushel of brains"
Iron Pawn, you look like an OTA graduate. (xlt program) You showed nice supply and demand zones. You are right, just be patient.
and here I am... No, not at all a graduate of OTA. Actually, never went there or spoke to them although I was thinking long time ago... Just putting 2 and 2 together, that's all.
"A handful of patience is worth more than a bushel of brains"
- #636
- Feb 16, 2015 5:21pm Feb 16, 2015 5:21pm
- Joined Jun 2009 | Status: Trader | 7,795 Posts
{quote} Hey Jimmy, didn't participate in this forum for a while... but got bored again
- #637
- Feb 16, 2015 10:32pm Feb 16, 2015 10:32pm
- Joined Dec 2013 | Status: Trader | 1,942 Posts
{quote} Hey Jimmy, didn't participate in this forum for a while... but got bored again
very solid style, trading this way is very powerful, I call it channeling but same approach
Learn, a forex trader must, unlearn and relearn he will.
- #640
- Feb 17, 2015 5:57pm Feb 17, 2015 5:57pm
- Joined Jun 2009 | Status: Trader | 7,795 Posts
{quote} Thanks danc, glad to see you around buddy... I'll be probably all over the place but here is one from today (FDAX)...