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Should I just quit and forget everything or keep fighting?

  • #41
  • May 22, 2016 4:21am May 22, 2016 4:21am
Quoting donkeyg
{quote} if it was pure luck i would not turn from 300$ to 15k+ few times. {quote} u're wrong then.... if it was easy as u said then everyone here is a billionaire.
actually I already said that I have done it myself. It is not a great thing, in fact, it was the worst thing to happen for trading as it encouraged me to make risky trades. but now I realise by your comment that you are are wanting us all to recognise your skill and say you are great trader and just keep at it. but you are not. you are shit trader who is decent at gambling - except you don't know when to cash in i.e. a loser
  • #42
  • Edited 4:54am May 22, 2016 4:34am | Edited 4:54am
Quoting oztrader79
{quote} actually I already said that I have done it myself. It is not a great thing, in fact, it was the worst thing to happen for trading as it encouraged me to make risky trades. but now I realise by your comment that you are are wanting us all to recognise your skill and say you are great trader and just keep at it. but you are not. you are shit trader who is decent at gambling - except you don't know when to cash in i.e. a loser
Im not showing off or hoping someone to praise me or ask how i did that, whats the point of getting this compliment? will make u rich ? of coz no. and i believe most of the traders style like me had done this before. as you said its easy for u to make big money when the pair support/resistance is broken. i admire your trading strategy that u said when the line is broken u can make "big money". but in reality it is not as easy as u think. if its easy. show me then..

yes i have to admit that im a loser. Thank u anyway.
  • #43
  • May 22, 2016 4:58am May 22, 2016 4:58am
Quoting donkeyg
{quote} yes i have to admit that im a loser. Thank u anyway.
With this attitude I am quite confident that you are really going to go very far and will definitely turn out to be a successful trader which most dream to be (including me).
Just keep going mate and learn from your mistakes.
When the going gets tough , the tough get going
  • #44
  • May 22, 2016 5:31am May 22, 2016 5:31am
Quoting donkeyg
{quote} Im not showing off or hoping someone to praise me or ask how i did that, whats the point of getting this compliment? will make u rich ? of coz no. and i believe most of the traders style like me had done this before. as you said its easy for u to make big money when the pair support/resistance is broken. i admire your trading strategy that u said when the line is broken u can make "big money". but in reality it is not as easy as u think. if its easy. show me then.. yes i have to admit that im a loser. Thank u anyway.
Mate you are making no sense now. You have edited this post at least three times that I have seen. First it was " thank you". Then it was "thank you. I know I am a loser". Now it it the bullsht you wrote above. I never mentioned support and resistance etc. so to go back to your topic title, yes you should quit and forget everything for now.
  • #45
  • May 22, 2016 5:33am May 22, 2016 5:33am
Quoting Stubborn
{quote} With this attitude I am quite confident that you are really going to go very far and will definitely turn out to be a successful trader which most dream to be (including me). Just keep going mate and learn from your mistakes.
If you got all that from one sentence he wrote while ignoring everything else, you are very naive my friend.
  • #46
  • May 22, 2016 5:50am May 22, 2016 5:50am
Quoting Stubborn
{quote} With this attitude I am quite confident that you are really going to go very far and will definitely turn out to be a successful trader which most dream to be (including me). Just keep going mate and learn from your mistakes.
thanks mate. lets brighten our future together!
  • #47
  • May 22, 2016 6:02am May 22, 2016 6:02am
Quoting oztrader79
{quote} If you got all that from one sentence he wrote while ignoring everything else, you are very naive my friend.
Thank you.
When the going gets tough , the tough get going
  • #48
  • May 22, 2016 6:03am May 22, 2016 6:03am
Quoting Stubborn
{quote} Good advice mate.
And what good about it?

Its like giving a man fish and not teach him how to fish. Just stupid.
  • #49
  • May 22, 2016 6:09am May 22, 2016 6:09am
Quoting Snah
{quote} And what good about it? Its like giving a man fish and not teach him how to fish. Just stupid.
If I understand English properly , I think I understood what advice was given.Many others may have also understood what the person meant.
Quoting RubVil
try this, if you have a system and those are not just random profits... open an 100$ accont when you get to 10.000$ stop traing that accont and open a new one with the profits from the first.... and repeat the process.... 10.000$ / 100$ = 100 times you can try to make another 10.000$ green pips RubVil
If you did not understand to what context that was advised then I guess you need to take English Lessons also along with your fx learning.
When the going gets tough , the tough get going
  • #50
  • May 22, 2016 6:29am May 22, 2016 6:29am
Quoting komugi
{quote} i would like to suggest to you to find a system strategy that could give you >80% accuracy with at least tp:sl 1:1 first and never risking more than 5% of your total equity in every trade (always put sl)
best ​advise so far !!! Good luck
  • #51
  • May 22, 2016 7:19am May 22, 2016 7:19am
Quoting ruma29
just keep depositing...

As I said it would be the best for all of us if you keep depositing money...So DONKEY what did you decide?? This is very simple decision to make...It seems that there is reason why you are loser....Anyway keep depositing money.
  • #52
  • May 22, 2016 7:28am May 22, 2016 7:28am
Quoting ruma29
{quote} As I said it would be the best for all of us if you keep depositing money...So DONKEY what did you decide?? This is very simple decision to make...It seems that there is reason why you are loser....Anyway keep depositing money.
it is a good idea actually but im not a rich guy, just an ordinary student..

in my opinion i would say no.. i wont keep depositing unless i have extra 400-500$ usd , let say if u have 500 usd and u play 0.02 or 0.03 volume , u can tank 300-400 pips at least. even if lose, i only lose 500$ usd.
  • #53
  • May 22, 2016 2:36pm May 22, 2016 2:36pm
There is no mention of a actual trading technique built on analysis so one has to assume you are simply trading from 'gut instinct' and letting your profits ride until you make a mistake and lose your stake.

At a casino crap table you can do the same thing, but inevitably a roll of the dice or combination of rolls that go against you gives the house your enitre 'winnings.' You obvioously like the rush and excitement of placing your FX trade bets and letting them ride. So have fun with your excess money and Don't cry when (not if) you eventually roll "craps."

FX trading can provide that same rush of excitement as a casino, but it should be based on more than lucky trades, leveraged to the max, or you will wind up like the guy at the crap table that rolled craps. Successful trading in 4x over the lang haul is not based on luck or gut instinct, but on study and experience which gives you a successful trade percentage of over 60%. REmember that there is a built in 'house edge' called the spread in every FX trade.
  • #54
  • May 23, 2016 1:59am May 23, 2016 1:59am
Quoting wildbill2u
There is no mention of a actual trading technique built on analysis so one has to assume you are simply trading from 'gut instinct' and letting your profits ride until you make a mistake and lose your stake. At a casino crap table you can do the same thing, but inevitably a roll of the dice or combination of rolls that go against you gives the house your enitre 'winnings.' You obvioously like the rush and excitement of placing your FX trade bets and letting them ride. So have fun with your excess money and Don't cry when (not if) you eventually...
Absolutely correct! thanks for the advice mate!!
  • #55
  • May 23, 2016 4:19am May 23, 2016 4:19am
Well if you can turn $300 into 15K so confidently, I can not see wgat your problem is:

Turn 300 into 10K 5 times.

Use the 50k to make 0.5% a day for 5 years.

by the time you are 28, you will be doing this from your 50 foot yacht.
  • #56
  • May 23, 2016 4:51am May 23, 2016 4:51am
Quoting Eddd
Well if you can turn $300 into 15K so confidently, I can not see wgat your problem is: Turn 300 into 10K 5 times. Use the 50k to make 0.5% a day for 5 years. by the time you are 28, you will be doing this from your 50 foot yacht.
"patience" is the hardest thing for me to learn. exactly have to learn this, otherwise in the future i will keep falling into this trap. thanks!
  • #57
  • May 24, 2016 4:54am May 24, 2016 4:54am
Quoting Snah
{quote} And what good about it? Its like giving a man fish and not teach him how to fish. Just stupid.
and i thought i was being carefull by saying "IF YOU HAVE A SYSTEM AND THOSE ARE NOT RANDOM PROFITS"

obviously donkeyg know how to fish , but somehow he ends up losing all the fish... so from my point of view is just lack of MM rules

Now if you think thats stupid , pls take a sit and stay around a little longer




Green pips
RubVil
  • #58
  • Last Post: May 24, 2016 11:48am May 24, 2016 11:48am
Quoting donkeyg
Hello everyone. I'm a student, 23 this year and i have been trading Forex since 13th of January 2015. On 20th of May 2015, which was 1 year ago today, i made an aproximately 40,000 USD profit with just 100$ capital. that was a huge win in my life ever. Due to over exciting, i loss it all back quickly just less than one month, my heart was very very pain and i can't believe that i loss it all back in just less than 1 month. After those day, i was just keep depositing 50usd / 70 usd/ 100 usd trying to make a comeback but unfortunately the conclusion...
you got it! don't give up. I think you should work and save up £$£ then come back to trading, maybe find another hustle aswell. You already have the right idea, you understand high leverage short-term trading is like being poker player, increase lot size on winning streaks. I trade from 50-200max to 1 leverage, i have had 67% drawdowns to flip mini accounts into big accounts, not nearly as fast as yourself. Also blew a few. Many traders on here think Forex is like investing in stocks, you however have already worked it out..


-Work, Save up, Find other avenues of making money - makes trading less stressful,
-Deposit $100 flip to $1200 say, split it up into 3 x$400, 4x $300 have another shot
-Treat it like a business
-Gwaaan my son >>

suggestion
-Maybe a family member or a supportive partner can act as your risk manager...this is what I have.
Someone to keep you in check.
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