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Does Showing Your Account Effect Your Trading

  • #21
  • May 24, 2016 7:46pm May 24, 2016 7:46pm
There's some interesting points here. I was curious about others opinions on this subject because I was just talking about starting a new thread. I don't post much and it's been quite a while since I've been active here. I do intend to begin a thread next week ( no promises, of course ) that spells out how I trade - what I trade - when I trade - my whole frigging system of what I look at when I trade - charts with live trade calls at the beginning of each trade - exit calls - thoughts and feelings about the trade at the beginning, during, and after the trade - pretty much everything there is to talk about what I do.

Why would I think about doing that?? I somewhere believe that it will force me to be specific about my trading plan - to explain my trading style and trading plan to others for feedback, and to explain it to myself as if I needed to hear it - to force myself to be (try to be) consistent in following my plan and taking each trade that fits, while trying extra hard to not go astray from my beliefs and decisions - and to allow input from other respected members on all things trading.

I would be forced to only allow higher impact members to post to that thread because I think I can anticipate all the basic questions that newer traders ask ( I believe that they mostly repeat all the basic questions that they have heard others ask, and want to sound smart or be part of the intelligent discussion ). I am definitely not going to entertain any Trollism or trash talk. The "How many Ferrari's do you own" can promptly join a fresh empty ignore list.

I will probably put it in the journal section.
  • #22
  • May 24, 2016 8:00pm May 24, 2016 8:00pm
it affects mine on smaller time frames in as much as a trade is on I need to sit up and take notice, but have promised "so and so" a screen shot, real live call and management of trade, computers are not first nature to me and attention is divided and at the end of the day its just not worth it, longer TF no issue.
By management of trade smaller time frames mean smaller stops and TP's bigger positions are traded which helps to make you take notice a part of the trade is closed sooner rather than later if its a winner or otherwise, and work is intense getting it to a free trade status, there is no time for much else, IMO.
  • #23
  • May 25, 2016 4:38am May 25, 2016 4:38am
Quoting qp2
it affects mine on smaller time frames in as much as a trade is on I need to sit up and take notice, but have promised "so and so" a screen shot, real live call and management of trade, computers are not first nature to me and attention is divided and at the end of the day its just not worth it, longer TF no issue. By management of trade smaller time frames mean smaller stops and TP's bigger positions are traded which helps to make you take notice a part of the trade is closed sooner rather than later if its a winner or otherwise, and work is intense...
  • #24
  • May 25, 2016 4:56am May 25, 2016 4:56am
Stop wishing for it and start working for it. Prove yourself to yourself not others.
  • #25
  • May 25, 2016 5:03am May 25, 2016 5:03am
I find it funny that many people have no problem showing a live forex account but would probably never dream of showing their work payslip or similar despite it probably looking much better then their forex profits.

But then that pretty much sums up a lot of traders who hang out online. Its nothing more then an ego boost, they are anonymous so can say and show what they like. There is just a huge community of people who somehow get their rocks off by showing their live trading account, no matter how bad it may be in negative.

I think though the only negative impact it has is on newer or less successful traders. Especially when its a bogus account and there are plenty here on ff and other sites.
  • #26
  • May 25, 2016 8:33am May 25, 2016 8:33am
Quoting mrhigurashi
I find it funny that many people have no problem showing a live forex account but would probably never dream of showing their work payslip or similar despite it probably looking much better then their forex profits. But then that pretty much sums up a lot of traders who hang out online. Its nothing more then an ego boost, they are anonymous so can say and show what they like. There is just a huge community of people who somehow get their rocks off by showing their live trading account, no matter how bad it may be in negative. I think though the...
  • #27
  • May 25, 2016 9:20am May 25, 2016 9:20am
http://www.forexfactory.com/showthread.php?t=592372
  • #28
  • May 25, 2016 10:05am May 25, 2016 10:05am
VOTE
  • #29
  • May 25, 2016 4:14pm May 25, 2016 4:14pm
I'm not sure if any of the last few replies apply to my post. It seems to me that, although valuable content is desirable on this forum, the message I am seeing is that anyone who actually provides content is only seeking attention. I myself couldn't care less what anyone else thinks about me..... but valuable content would be a nice break from what I see on this forum these days.

If the consensus I see is "Don't even bother", then I may rethink spending my energy on this.
  • #30
  • May 26, 2016 5:26am May 26, 2016 5:26am
Quoting Price
I'm not sure if any of the last few replies apply to my post. It seems to me that, although valuable content is desirable on this forum, the message I am seeing is that anyone who actually provides content is only seeking attention. I myself couldn't care less what anyone else thinks about me..... but valuable content would be a nice break from what I see on this forum these days. If the consensus I see is "Don't even bother", then I may rethink spending my energy on this.
  • #31
  • May 26, 2016 10:58am May 26, 2016 10:58am
so.... "Don't even Bother" !!

  • #32
  • May 26, 2016 11:23am May 26, 2016 11:23am
I occasionally show a trade explorer just because I like the analysis it gives me. I guess I could keep them ALL hidden, but isn't the point of this forum to share and learn from others? What more raw and powerful way than to expose your naked results? In the past, I found it affected my results because I was concerned about saving face or falling flat on it. I couldn't care less now. Mostly, I just like little squiggly graphs and the concise presentation of results on one page.

I also like seeing other people's explorers and analyzing their entries/exits/successes/failures. Its about community to me. This is my hobby, as I'm quite content in my career and life, so maybe I'm less jaded and apt to think that everyone on earth is "selling" something or has other nefarious motivations. Perhaps I'm blissfully ignorant.
There's always money in the banana stand.
  • #33
  • May 26, 2016 11:43am May 26, 2016 11:43am
Quoting LizardGizzard
I occasionally show a trade explorer just because I like the analysis it gives me. I guess I could keep them ALL hidden, but isn't the point of this forum to share and learn from others? What more raw and powerful way than to expose your naked results? In the past, I found it affected my results because I was concerned about saving face or falling flat on it. I couldn't care less now. Mostly, I just like little squiggly graphs and the concise presentation of results on one page. I also like seeing other people's explorers and analyzing their entries/exits/successes/failures....

excellent points...
  • #34
  • May 26, 2016 11:48am May 26, 2016 11:48am
Quoting Price
so.... "Don't even Bother" !!
Yup ...dont even bother ...you will be branded as show off. You get worshiped in this forum if you post fancy after the even bullshit charts with 100% of trades worked out. Because they must be god if they are never wrong.
  • #35
  • May 26, 2016 11:35pm May 26, 2016 11:35pm
Quoting LizardGizzard
I occasionally show a trade explorer just because I like the analysis it gives me. I guess I could keep them ALL hidden, but isn't the point of this forum to share and learn from others? What more raw and powerful way than to expose your naked results? In the past, I found it affected my results because I was concerned about saving face or falling flat on it. I couldn't care less now. Mostly, I just like little squiggly graphs and the concise presentation of results on one page. I also like seeing other people's explorers and analyzing their entries/exits/successes/failures....
how would i learn by watching other traders explorer if i don't know the core of there system
  • #36
  • May 27, 2016 2:07am May 27, 2016 2:07am
Quoting PoundTrader
{quote}how would i learn by watching other traders explorer if i don't know the core of there system
I some times look at other peoples trade(s) just to try to find the reason why he made the trade.
  • #37
  • May 27, 2016 5:56am May 27, 2016 5:56am
Quoting PoundTrader
{quote}how would i learn by watching other traders explorer if i don't know the core of there system
However i can learn how they manage their trades and guessing how they trade, then i can know what i have to improve as well and not making the same mistake as some people do.
  • #38
  • May 27, 2016 7:05am May 27, 2016 7:05am
Quoting Snah
{quote} I some times look at other peoples trade(s) just to try to find the reason why he made the trade.
i can understand that.
  • #39
  • May 27, 2016 7:06am May 27, 2016 7:06am
Quoting TwFXtrader
{quote} However i can learn how they manage their trades and guessing how they trade, then i can know what i have to improve as well and not making the same mistake as some people do.
you gonna spend time guessing, really
  • #40
  • Edited 2:33pm May 27, 2016 2:19pm | Edited 2:33pm
Quoting PoundTrader
{quote} you gonna spend time guessing, really
What can i say i'm a good at guessing if i got something to analyze
Guessing doesn't mean that i'm not using my brain. I think in many ways
My EQ is high and i'm good at guessing and relating to things. This allows me learn faster then most of the people, i think this is a normal way of learning right ?
For me it make sense.

However, it made me a better trader today.

But experience is what impact the most.
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