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  • #161
  • Mar 5, 2016 11:06pm Mar 5, 2016 11:06pm
Quoting fxstaton
{quote} Not easy. Still thinking about the losses.
Dead end road you are on worrywart
Forget the losses, you will never get them back, they are gone forever.
Let them go or you will go with them if you hold on to the mindset of loss.

This is my second go at forex, first time I lost and stepped aside for a couple years.
I got out before I destroyed the account back then.
This time I have doubled the account, doing that just this past friday.
I really don't give a rat's aorta about last time around. That loss is gone: Dead to me
The tradability of the past trading years is not the tradability of the now, nor of the future
Had a demo before that in which I gained over a mill profit in 7 months. So what: That's past as well. Gone

Slow and steady wins it for me, trading very very small. 0.01 per trade only.
It has taken me just shy of a year to double the account doing 0.01.
So I have 1000 rather than 500, small numbers by the world eyes, even by other traders eyes maybe.
But so what again, ain't no bank gonna pay interest of 100%
Promised myself I'd step it up to 0.02 when I doubled AC, I'm in the process of doing that now.

Work out what percentage of $1000 0,01 per trade really is, It's really small, less than the recommended 2% per trade. Start there
"You know what needs to be addressed , completely completely reverse that".
  • #162
  • Mar 5, 2016 11:14pm Mar 5, 2016 11:14pm
Smart move.. FX is hard! Lots of work.. Lots of chart time.. Lots of waiting for setups...
Can get totally dead for 8 months like when U/j stalled at 1.02 and you just feel lik barfing..
Its not fore everybody. Its Extreamly hard and time Consuming...
Some love the challange... some don't have, or don't want to put in the time.
Personally I love the challange.. but fustrating as hell waiting for good setups sometimes!
The only system that will work is one designed by and for yourself.
  • #163
  • Mar 5, 2016 11:14pm Mar 5, 2016 11:14pm
Quoting fxstaton
If one day I become success trader, I would do the same to help those who suffer trading loss and give them help to recover.
What worked for me is I didn't trade live for 2 years...and I had the money to fund my account(s). That way I think I learned patience. Later I discovered a little thing called trailing stop order . (Not to mention as soon as position gets some breathing space, move SL to breakeven). When I took profit for the first time on my evaluated profit target, I knew I was on the right path. (If only brokerages have a thingy which doesn't allow us to move SL's in counterdirection of our trade (blush))

Timeframe/money/frustrations/hardwork... - and remember, all these things if done right aren't a guarantee you will succeed. By removing deterministic point of view in life (as well as in market), I believe you will open the doors to a success (or whatever you may think a success in trading is).
In other words - and these are not my words, but from some other person here which I forgot:
1) Yes, it will be
2) No it wont be
3) Maybe

----> Erase No.1 and No.2 from your trading dictionary and you're on the right path. I came to realize, that if I "erased" (or at least try hard not to implement No1 and 2 in real life) - I became a better person...But that remains to be seen

Good luck
  • #164
  • Mar 5, 2016 11:29pm Mar 5, 2016 11:29pm
A riddle - What is freely available and generously distributed ?
Live life king size !
  • #165
  • Mar 5, 2016 11:50pm Mar 5, 2016 11:50pm
Money don't come easy they say, but u see some many of them are rich and sitting around daily and partying around weekly. People think trader make money easily, but never though of the process of learning.
In my experiences.. i have losses around 10K usd in this 5-6months...was unable to sleep or always thinking about my losses and thinking to quit too but recently made some profits back from it. From now on i just have to control my emotions while trading and control and manage well my capital.. it might take months or maybe years for my profits to come back, but i think is worth it cause i have learned a important lesson on trading.
  • #166
  • Mar 6, 2016 12:03am Mar 6, 2016 12:03am
Quoting jmn5611
{quote} The thing about FX is that it draws a of lot desperate people. People who want to change their lives and the life of their families. I do agree with MapleLeaf and Ming on one thing. You cannot be unstable and get into this business. You have to start from a position of strength. If you do not, you are going to destroy yourself with leverage abuse and/or overtrading. I see so many profiles here from emerging economies. They would be gods if they just learned to trade. Then they make all manner of trading and money management mistakes. That...
Jmn, this message is direct and to the point I can't agree with you more.

The development of trading methods costs time and money, it is because of these same reasons a HFT Hedge Fund out performs the average Retail Trader.
If an Individual starts off with a small Account, no cash flow from another source of income, and cannot afford to develop his/her ideas the end results will most likely be failure.

However I would like to say something to uplift those who are struggling in Trading and/or Life.

I believe we as humans are capable of anything. This life when observed from a scientific perspective or religious perspective is an extremely rare event, a real miracle. The opinion of other people is no more valid than any one else's, simply due to the following concept: Everyone that is alive is "inexperienced" living life for the first time. Since each and every life is unique (from birth to every single situation we live through) to compare, judge, or state whether someone will succeed or fail is illogical. (do note that I said most likely above)

If an individual has a goal and focuses on developing the right personal qualities such as patience, discipline, and determination (to name a few) the chance of success does exist once those qualities are applied to any field including Trading. There have been many average/poor individuals that changed there lives for the better using those types of qualities or similar and not just in Trading. Another benefit of developing these qualities is the fact that they improve all areas of one's life (not necessarily financially)

To the OP I wish you the best of luck, regardless of your decision. If it helps alleviate stress just remember: we are alive this one time, try and make it a positive experience regardless of the materialistic things you have or may not have.

Godbless

Rparm
A Positive Mind, and Positive Spirit lead to True Happiness
  • #167
  • Mar 6, 2016 12:49am Mar 6, 2016 12:49am
Quoting Rparm
{quote} I believe we as humans are capable of anything. This life when observed from a scientific perspective or religious perspective is an extremely rare event, a real miracle. The opinion of other people is no more valid than any one else's, simply due to the following concept: Everyone that is alive is "inexperienced" living life for the first time. Since each and every life is unique (from birth to every single situation we live through) to compare, judge, or state whether someone will succeed or fail is illogical.
I'm tempted to print that out and stick it on my wall.
  • #168
  • Mar 6, 2016 12:50am Mar 6, 2016 12:50am
Quoting Davit
{quote} {quote} I can't believe you actually have people subscribed to listen what pile of shit you have to say. You are simply a untalented loser and forex is not for you!Why spill your shit here.Why are you posting at FF?If nobody makes money in forex then WTF are you wasting your time here! Irony of idiocy is unreal! That's 4 days of trading 1st week of March 18% gain and my monthly is over 20% consistently! So step aside and shut up! {image}
EXactly!

I was thinking exactly the same when I saw that Idiot's post. He is saying such BS and yet he is still at FF and keeps posting. And people actually subscibe to him.
Drop dead funny.
PVSRA
  • #169
  • Edited 2:09am Mar 6, 2016 1:41am | Edited 2:09am
Quoting Fisher755
{quote} EXactly! I was thinking exactly the same when I saw that Idiot's post. He is saying such BS and yet he is still at FF and keeps posting. And people actually subscibe to him. Drop dead funny.

The fact is that you are not making a living from forex trading as your only source of income (fact: no one does in the "Retail trading at home" world)
For you and the delusional kind, it's all half lived and half lies
The pretense (PVSRA ??? are you and your mentor -traderathome- still holding Yen shorts on a demo from November 2012 ?) is enormous and terribly misleading and you are on a demo and not doing well .... on a demo, good grief !
Now, please kindly offer something real.

BTW please see my response to Davit (;
  • #170
  • Mar 6, 2016 1:44am Mar 6, 2016 1:44am
Quoting Rparm
{quote} Jmn, this message is direct and to the point I can't agree with you more. The development of trading methods costs time and money, it is because of these same reasons a HFT Hedge Fund out performs the average Retail Trader. If an Individual starts off with a small Account, no cash flow from another source of income, and cannot afford to develop his/her ideas the end results will most likely be failure. However I would like to say something to uplift those who are struggling in Trading and/or Life. I believe we as humans are capable of anything....
Definitely, a person can do anything they want to do if they stay with it and don't quit. This is a business where the rewards come on the back end of the journey. They are certainly worth it once the light bulb comes on.

Quoting Mingary
{quote} The fact is that you are not making a living from forex trading as your only source of income (fact: no one does in the "Retail trading at home" world) For you and the delusional kind, it's all half lived and half lies The pretense (PVSRA ??? ) is enormous and terribly misleading and you are on a demo ! Now, please kindly offer something real.
No retailer is ever going to come on here and say that they are making a living from FX to the point where they would provide statements. Even if they did, the envious will say the results are photoshopped, and all manner of other things. What is the incentive to that? He who lives well lives well hidden.
If you are good at something, never do it for free--Joker
  • #171
  • Mar 6, 2016 2:01am Mar 6, 2016 2:01am
Attached Image

road for a retailer/personal/solo become a trader that able trade for a living is not ease , I been fail for several years .
next week is my 1st day trade as 1% of the success retailer/solo player , the road to success never to be ease ..never .. never ... and its hard and hurt ///
I from Malaysia too , chinese
Exits == most important part of your strategy
  • #172
  • Mar 6, 2016 2:06am Mar 6, 2016 2:06am
Quoting jmn5611
{quote} Definitely, a person can do anything they want to do if they stay with it and don't quit. This is a business where the rewards come on the back end of the journey. They are certainly worth it once the light bulb comes on. {quote} No retailer is ever going to come on here and say that they are making a living from FX to the point where they would provide statements. Even if they did, the envious will say the results are photoshopped, and all manner of other things. What is the incentive to that? He who lives well lives well hidden....
You got that right
But why so much pretense ? The forex seems to be choke full of the "Fisher755" type, I just love to rip into phonies (I don't think they are even aware of it, until they wake up ...)
  • #173
  • Mar 6, 2016 2:11am Mar 6, 2016 2:11am
Quoting Mingary
{quote} You got that right But why so much pretense ? The forex seems to be choke full of the "Fisher755" type, I just love to rip into phonies (I don't think they are even aware of it, until they wake up ...)
If a person says they are profitable, so what? If they try to start a system, they will reveal themselves as profitable or not from the first chart. I do think you rattle some peoples nerves who are not yet stable, I do not know why you bother with this. Is it for entertainment?
If you are good at something, never do it for free--Joker
  • #174
  • Edited 3:22am Mar 6, 2016 2:27am | Edited 3:22am
Mingary,

stop barking , you fool. Inform yourself before you speak BS instead. Read my signature. I exit the trades after 20 pips profit MOL in 99% of cases. And surprise, surprise, I do trade for a living and quited my job 4 months ago. After succsessfuly working last 15 years in dental.

What I find laughable and totally ignorant again is the fact that you couldn't find no traders at FF that make constant profits for years. How comes, that I know them?

Open your mind, it might actually help you. What a jerk!
Attached Image (click to enlarge)
Click to Enlarge Name: Traders Way MetaTrader 4.png Size: 116 KB

I guess you could say this is only a small fraction of time. It is true. But if you could execute a good trade in one fraction of a time, why wouldn't you be able to do it again and again, if the conditions are simillar?!
So if even you are able to be profitable for a while ( which I seriously doubt seeing what BS your posts are ) no matter how long while, you can of course repeat that "while" again and again, unless your patience and discipline totally stink.
PVSRA
  • #175
  • Edited 2:57am Mar 6, 2016 2:27am | Edited 2:57am
Quoting jmn5611
{quote} If a person says they are profitable, so what? If they try to start a system, they will reveal themselves as profitable or not from the first chart. I do think you rattle some peoples nerves who are not yet stable, I do not know why you bother with this. Is it for entertainment?
More like an informal research into a modern and very specific mythology.
Also, this is a "world of forex human comedy" in the Balzac sense of the term.
I will give you one of the main characters: "the trader-at-home retail forex millionaire" = GOD (i.e. not a single proof that he exists, but aspiring forex millionaires BELIEVE)
  • #176
  • Edited 3:04am Mar 6, 2016 2:43am | Edited 3:04am
Quoting Fisher755
Mingary, stop barking , you fool. Inform your self before you speak BS insted. Read my signature. I exit the trades after 20 pips profit MOL in 99% of cases. And surprise, surprise, I do trade for a living and quited my job 4 months ago. What I find laughable and totally ingnorant again is the fact that you couldn't find no tradrs at FF that make constant profits for years. How comes, that I know them? Open your mind, it might actually help you. What a jerk!
How come that you know them ? hmmm...You must have a personal relationship with the great forex trader in the sky. ?

"tradrs at FF that make constant profits for years." ==> absolutely no evidence that such creatures exist.

Any how, it's an absolute fact (actual facts, do you even know what that is?) that retail forex trading as a whole has a (very) negative return over time.
It's also a fact that some people will win some of the time (even I can do it)
Perhaps, this is where you imagine seeing " tradrs at FF that make constant profits for years."

Once you understand the nature of the playing field, you have a better chance of winning.
  • #177
  • Mar 6, 2016 2:45am Mar 6, 2016 2:45am
the thread is hi jeked
  • #178
  • Mar 6, 2016 3:05am Mar 6, 2016 3:05am
Quoting Mingary
{quote} There is no amount of money small enough that I can afford to lose. It's a trading rule.
are you making money by telling people not to be here?

I don't get it why are you on Forex Factory
  • #179
  • Mar 6, 2016 3:06am Mar 6, 2016 3:06am
Quoting Mingary
{quote} More like an informal research into a modern and very specific mythology. Also, this is a "world of forex human comedy" in the Balzac sense of the term. I will give you one of the main characters: "the trader-at-home retail forex millionaire" = GOD (i.e. not a single proof that he exists, but aspiring forex millionaires BELIEVE)
Absence of evidence is not evidence of absence. You continue to ignore this fact. Why?
If you are good at something, never do it for free--Joker
  • #180
  • Edited 3:27am Mar 6, 2016 3:11am | Edited 3:27am
Quoting TwFXtrader
{quote} are you making money by telling people not to be here? I don't get it why are you on Forex Factory

.. and why are you on FF ? (:

I am saying that the wannabe forex millionaire is brainwashed with the idea that he/she should only trade with money that he/she CAN afford to lose.

In fact, the aspiring forex millionaire should only trade with money that he/she CANNOT afford to lose.
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