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  • #41
  • Mar 4, 2016 11:47am Mar 4, 2016 11:47am
Quoting RBlackburn
{quote} Ah that sucks hey bad luck, i wouldn't trust anyone round here Can i have 5kUSD bro? I won't smash it in a week promise...
shame on your part ( for begging ).
g soros - remember M L in corner
  • #42
  • Mar 4, 2016 11:49am Mar 4, 2016 11:49am
I work a full time job and trade on the side
  • #43
  • Mar 4, 2016 11:55am Mar 4, 2016 11:55am
you MUST have a first stable income only then you should try for trading....you will be less stressed and also you wont be in any hurry to make money.
NO STOP LOSS TRADER
  • #44
  • Mar 4, 2016 11:55am Mar 4, 2016 11:55am
Quoting Mingary
{quote} There is no amount of money small enough that I can afford to lose. It's a trading rule.
Well you WILL lose money when trading; this is as certain as death. No matter how good you are as a trader, you WILL lose money. If someone cannot accept losses and say to themselves that they cannot make losses when trading and only winnings then you they will not be successful at trading.
Make your losses in demo. Earn your profits live.
  • #45
  • Mar 4, 2016 11:56am Mar 4, 2016 11:56am
Quoting forexgaint
{quote} shame on your part ( for begging ).
bahahahahahahahahahahahah
idiot
  • #46
  • Mar 4, 2016 11:56am Mar 4, 2016 11:56am
Quoting RBlackburn
{quote} bahahahahahahahahahahahah idiot
  • #47
  • Edited 12:31pm Mar 4, 2016 12:02pm | Edited 12:31pm
Just use myfxbook autotrade. Diversify your capital among say 10 of the best traders. There you go problem solved.

As for your trading, open a demo account.
  • #48
  • Mar 4, 2016 12:02pm Mar 4, 2016 12:02pm
Quoting RBlackburn
{quote}
hmmm
Attached Image
g soros - remember M L in corner
  • #49
  • Mar 4, 2016 12:03pm Mar 4, 2016 12:03pm
Quoting Forexia
{quote} Well you WILL lose money when trading; this is as certain as death. No matter how good you are as a trader, you WILL lose money. If someone cannot accept losses and say to themselves that they cannot make losses when trading and only winnings then you they will not be successful at trading.
No doubt..
However, the idea that is perpetuated anywhere that you can find "trading advice" will admonish that you must lose in order to win (i.e. take the loss and move on to the next trade)
No wonder no one makes any money ...
  • #50
  • Mar 4, 2016 12:11pm Mar 4, 2016 12:11pm
Quoting Lbm
I lost $5000 in 30 days, traded NFP today after good data, and the $ decided to go the opposite direction.
good data is a matter of perspective. it wasnt really good since wages went down - at this point, that is what matters more than the headline #.

of course this doesnt mean $ could not go up today - depends on other factors too.

trading is not being correct - it is about taking picking more probable direction and controlling your risk and losses,
Think : Trade : Live Life
  • #52
  • Mar 4, 2016 12:13pm Mar 4, 2016 12:13pm
Read below:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_9.png Size: 9 KB


Link.
  • #53
  • Mar 4, 2016 12:15pm Mar 4, 2016 12:15pm
Quoting forexgaint
{quote} hmmm {image}
...
Attached Image
  • #54
  • Mar 4, 2016 12:17pm Mar 4, 2016 12:17pm
Quoting redwed
Read below: {image} Link.
Yes but there still is a reason to be here... to troll newbs...
or help some i guess. haha
Good post tho
  • #55
  • Mar 4, 2016 12:29pm Mar 4, 2016 12:29pm
Quoting RBlackburn
{quote} Yes but there still is a reason to be here... to troll newbs... or help some i guess. haha Good post tho
Are you referring to this guy who made 30 to 300k.
  • #56
  • Mar 4, 2016 12:30pm Mar 4, 2016 12:30pm
Quoting Mingary
{quote} No doubt.. However, the idea that is perpetuated anywhere that you can find "trading advice" will admonish that you must lose in order to win (i.e. take the loss and move on to the next trade) No wonder no one makes any money ...
No I did NOT say you MUST lose to win. All I said was losses is unavoidable. It`s NOT possible to win without losing but it doesn`t mean that you must lose in order to win. Go back to my post and read it again, please. There is a difference. And it`s very important to recognize the difference.
Make your losses in demo. Earn your profits live.
  • #57
  • Mar 4, 2016 12:33pm Mar 4, 2016 12:33pm
Quoting Forexia
{quote} No I did NOT say you MUST lose to win. All I said was losses is unavoidable. It`s NOT possible to win without losing but it doesn`t mean that you must lose in order to win. Go back to my post and read it again, please. There is a difference. And it`s very important to recognize the difference.
Reminds me of this:

Attached Image (click to enlarge)
Click to Enlarge Name: you-gotta-grow-you-gotta-learn-by-your-mistakes-you-gotta-die-a-little-everyday-just-to-try-to-s.jpg Size: 78 KB
  • #58
  • Mar 4, 2016 12:54pm Mar 4, 2016 12:54pm
I am sorry to hear you say that you will quit, although this might be the best answer for you. But before you do, listen to my story. I began trading in 2009 at the urging of a friend who knew nothing and in a few months we were a group of 63, all of whom knew nothing, but were using trading a simple formula which happened to work well during the steady devaluation of the dollar against the Euro. We simply went long the EURUSD and never used a stop-loss, riding our losses till they turned to profit.

I made over $300,000 in about 10 months, and then lost $200,000 with two clicks, when the EURUSD maximized and started to fall rapidly. The group disbanded, because we all lost and had no idea of how to trade from that point on. From 2009 to 2015 I kept studying and trying to find a new method, and and lost an additional $100,000 that I had inherited and was about to lose my house too. You see, at my age I could not get a job anymore, but my expenses continued, so I had no choice but to continue trading.

Eventually I learned how to manage my accounts, my order sizes, and my impulsiveness. I also studied many other people's ideas and finally came up with a system that has worked almost like magic. From January 2016 till now I have averaged 3 trades per day and have made over $6,000. Gradually I am raising my order sizes in order to compound the gains and am on my way to recovering my long term losses. In these two months I have not taken a loss, except a few small ones that I closed by choice.

My suggestion to you is to get a job, but continue studying and trading in a practice account. It has been proven that most endeavors are abandoned within just an arm's reach of success. It is said that Thomas Edison failed 1,000 times before he succeeded in making his light bulb work. If you quit now you will always wonder what it might have been like if you had just persevered.
  • #59
  • Mar 4, 2016 12:55pm Mar 4, 2016 12:55pm
Quote
Ah that sucks hey bad luck, i wouldn't trust anyone round here

Can i have 5kUSD bro? I won't smash it in a week promise...

Old ways dont open new doors
  • #60
  • Mar 4, 2016 12:57pm Mar 4, 2016 12:57pm
Quoting Forexia
{quote} No I did NOT say you MUST lose to win. All I said was losses is unavoidable. It`s NOT possible to win without losing but it doesn`t mean that you must lose in order to win. Go back to my post and read it again, please. There is a difference. And it`s very important to recognize the difference.
No difference.
Since it is not possible not to have losses, then one can expect to lose in order to win.
Or to win in order to lose eventually...
Simple logic, really
Joe happy trader is having 3 losses in a row, all part of his well researched strategy ... surely the next one will be a winner oops, it's not.
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