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What Would You Do Differently Today for Better Trading Results?

  • #41
  • May 11, 2016 9:50am May 11, 2016 9:50am
learning how to master patience would be a great one in my book too ...
  • #42
  • May 11, 2016 10:07am May 11, 2016 10:07am
Quoting cvds16
what I would do differently is spend more time on the weekly, daily and 4H charts and how they work in combination .before I'd go to lower tf's ... wasted tons of time there trying to be smart ... and find a few good working indicators and learning to interpret them ... I became very fond of slow stochastics (14;3) and the classic macd ... you'd be surprised what you can get out of those if you apply yourself ... over 10.000 hours starting at smaller tf's and ten years of time wasted that way ... but all's well that ends well ...

A fundamental aspect of this vintage Abraham Lincoln quote is continuous improvement. Getting better through adequate education, skills development, sound planning and adequate preparation before going to the actual arena of work. Of course, knowing what you need to work upon and make improvement on is a critical part of the process. Thanks for your candor and being focused. Green pips to you. Lol.

KP
Do your homework, follow the footprints of smart money
  • #43
  • May 11, 2016 10:09am May 11, 2016 10:09am
Attached Image
  • #44
  • May 11, 2016 10:11am May 11, 2016 10:11am
Quoting cvds16
{image}

I like this cvds!! Please keep it coming.
Do your homework, follow the footprints of smart money
  • #45
  • May 11, 2016 10:22am May 11, 2016 10:22am
what helped me was trying to give investment advice to some friends ... that got me much more disicplined and structured in my approach
  • #46
  • May 11, 2016 10:32am May 11, 2016 10:32am
Quoting cvds16
what helped me was trying to give investment advice to some friends ... that got me much more disicplined and structured in my approach
Cvds, helping people really pays. And in fact by teaching trading we learn to be better traders. I joined FF in December 2015 after visiting the Forum for a few years. Even though I started trading in 2011 and burned a few live accounts, in the last 24 months I have learnt many things about trading Forex the right way. Lol

KP
Do your homework, follow the footprints of smart money
  • #47
  • May 11, 2016 10:36am May 11, 2016 10:36am
Nuggets: To be successful in Forex trading we need to continue to learn and practice trading so well and develop a solid, sound trading psychology. What do you think?
Do your homework, follow the footprints of smart money
  • #48
  • May 11, 2016 11:41am May 11, 2016 11:41am
You know, the best way to really absorb knowledge is by teaching that knowledge to others.

You can only pass on knowledge, teach effectively, if you have a passion for your subject, what ever it might be.

It's by going through this teaching process that we, not only, discover our limitations but also what it will take to remove those limitations.

So, in order to gain knowledge we need to be prepared to impart our knowledge to others.
  • #49
  • May 11, 2016 11:44am May 11, 2016 11:44am
Thanks Steve. Green pips to you.
Do your homework, follow the footprints of smart money
  • #50
  • May 12, 2016 2:34am May 12, 2016 2:34am
As past performance is no guarantee for future success, it is important to keep learning and improving on our Forex trading skills. If you have learnt something recently that could help you become a better trader and you'd like to share it with other FF members, share it here. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #51
  • May 12, 2016 2:35am May 12, 2016 2:35am
Zen-like patience to wait for things to fall in line is important, you can't force trades ...
  • #52
  • May 12, 2016 2:39am May 12, 2016 2:39am
Thanks Cvds. That reminds me of a quote by Jim Rogers:
'I don’t do anything until all the pieces fit.' – James Rogers
Do your homework, follow the footprints of smart money
  • #53
  • May 12, 2016 2:43am May 12, 2016 2:43am
Just read funny comic for refresh my mind
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #54
  • May 12, 2016 2:44am May 12, 2016 2:44am
Domba, to relax the nerves? Thank you.
Do your homework, follow the footprints of smart money
  • #55
  • May 12, 2016 11:07am May 12, 2016 11:07am
Early in the year I made a serious mistake in my trading and nearly blew up one of my three micro live accounts. Through careful attention to PA I did manage to rescue the account but the account suffered a big dose of loss. My attention now is to carefully build the account to the level it was. This has made me become more careful regarding taking trades. What about you, do you have any lesson to share with fellow FF members? Share it here.

KP
Do your homework, follow the footprints of smart money
  • #56
  • May 13, 2016 3:18am May 13, 2016 3:18am
What have you learnt lately about the pairs you trade? How will this affect the way you trade them? Is there anything you learnt recently that would help you trade better ?

KP
Do your homework, follow the footprints of smart money
  • #57
  • May 13, 2016 3:21am May 13, 2016 3:21am
well it helps if you can develop some feeling for what is cheap and what is expensive ... I am able to say that pretty much about the stock markets ... no magic trick but it helps you to guide your eye in the right direction on the charts ... I however lack that feeling totally when it comes to silver or gold ... but I do know some people who are knowledgeable about those fundies, so I read them somewhat 'lightly' ...
In forex I can get no grasp on fundies so I totally stopped trading that, most likely my technical trading would just work there just as fine ... but life is too short to try to trade everything under the sun ... no point being jack of all trades and master on none ...
  • #58
  • May 13, 2016 3:37am May 13, 2016 3:37am
Quoting cvds16
well it helps if you can develop some feeling for what is cheap and what is expensive ... I however lack that feeling totally when it comes to silver or gold ... but I do know some people who are knowledgeable about those fundies, so I read them somewhat 'lightly' ... In forex I can get no grasp on fundies so I totally stopped trading that, most likely my technical trading would just work there just as fine ... but life is too short to try to trade everything under the sun ... no point being jack of all trades and master on none ...
Agreed! No point being a jack of all trades, you must master the pairs you trade. I run away from trading oil and gold; I lost a lot from trading them a few years back. Green pips to you.
Do your homework, follow the footprints of smart money
  • #59
  • May 13, 2016 3:40am May 13, 2016 3:40am
yeah, oil and gold can be reallly brutal ... I found out for gold you best use weekly charts or else base your trades through correlation on the smaller charts of silver ... but then you might just as well trade silver :-) ... oil is totally crazy though ... you can see structure at times but it's not tradeable for what I do now: swingtrading ... so I try to stay as far away as possible ... I am not anymore in the business of giving money away for a cheap adrenaline rush ... ;-)
  • #60
  • May 13, 2016 3:44am May 13, 2016 3:44am
Quoting cvds16
yeah, oil and gold can be reallly brutal ... I found out for gold you best use weekly charts or else base your trades through correlation on the smaller charts of silver ... but then you might just as well trade silver :-) ... oil is totally crazy though ... you can see structure at times but it's not tradeable for what I do now: swingtrading ... so I try to stay as far away as possible ... I am not anymore in the business of giving money away for a cheap adrenaline rush ... ;-)
Good to know that you swing trade! I am perfecting my swing trading system; although I made some loss earlier this year, everything is taking shape now. In fact, the losses I made were part of experimenting my techniques and good for building confidence in my system. Lol
Do your homework, follow the footprints of smart money
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