Most traders fail because of no discipline! | Page 14 | Forex Factory

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Most traders fail because of no discipline!

  • #262
  • Jan 25, 2017 8:21am Jan 25, 2017 8:21am
Quoting dukas_trader
{quote} write down, what lack of discipline you have, and i tell you how to avoid.
Over leveraging ...
Cheers
  • #263
  • Jan 25, 2017 8:29am Jan 25, 2017 8:29am
Quoting price777999
{quote} Over leveraging ... Cheers
then i need some informations. do you trade automatic, semiautomatic or manuell?
what markets do you trade, forex, cfd, futures...?
do you trade only intraday?
do you hold positions over the weekend?
whats your starting balance?
whats your income montly from loan- costs, so what you have open as investing money.
whats your trading skill level?
whats your Sl in percent per each possition, and whats max market Sl over all positions opne same time in percent?

whats you trading system win and drawdown per year?

Over leveraging ...is a little beat difficult topic, because needs a more detail look, because many use Over leveraging because of wanting to fast get rich, and this way is only with taking extrem high risks. avoiding is only possible by calculating the risks correctly by knowing the mathematic background.

maybe its best you open a new thread and then write the link to it.
  • #264
  • Jan 25, 2017 8:41am Jan 25, 2017 8:41am
Quoting dukas_trader
{quote} then i need some informations. do you trade automatic, semiautomatic or manuell? what markets do you trade, forex, cfd, futures...? do you trade only intraday? do you hold positions over the weekend? whats your starting balance? whats your income montly from loan- costs, so what you have open as investing money. whats your trading skill level? whats your Sl in percent per each possition, and whats max market Sl over all positions opne same time in percent? whats you trading system win and drawdown per year? Over leveraging ...is a little...
I know the correct risks etc ...it's just being disciplined enough to stick to them .

Maybe it's something I just have to grow out of as a trader kind of like running before I an walk ..I think this year will be better , feels like im kinda over it .
Cheers
  • #265
  • Jan 25, 2017 8:42am Jan 25, 2017 8:42am
Quoting dukas_trader
{quote} no problem, you can ask me whats question you have about, so i can help you to understand it. sorry, but english is not my first language, and my grammar is often bad. and i often tend to write to fast, bad habit as programmer ;-) i will try to write it more easy, maybe you can help me with questions in what topic you have excactly problems. if you cant read it because of my english, i will correct it, but i really try to write possible to understand. because i am from germany i sometimes translate some words like in german maybe, and then...
Great post dude !
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #266
  • Edited 9:17am Jan 25, 2017 8:57am | Edited 9:17am
Quoting price777999
{quote} I know the correct risks etc ...it's just being disciplined enough to stick to them . Maybe it's something I just have to grow out of as a trader kind of like running before I an walk ..I think this year will be better , feels like im kinda over it . Cheers
if you know the correct risk then do this:
- calculate you Stoploss and how much money you will lose when Stoploss is hit. this money you calculate as lost allready, totally. complete!!!! never ever think about this money, its loss allready
- if you do this without thinking any more about this money, all will be fine. with correct moneymanagement and strategy you will win. when done wrong and you think again about the trade, your positionsize and money you will lost was to high. decrease this amount till you are used to this amount losing. you need only increasing positionsize when you dont ever think about this "lost money", ever!!! you will learn it, dont push it, it will come.

all the rest depends then in your strategy and moneymanagement, there i cant help you more without informations. i would say bether start smaller lotsize and increase untill you think to much about the money, then decrease and let it run and increase with wins and your brain and emotions will get used to this "allready lost money".

when money is not so important any more, you will start following your rules by 100% and start to do what you are looking for more discipline.
  • #267
  • Jan 25, 2017 10:26am Jan 25, 2017 10:26am
Quoting BenjaminIs
Hidden
Still looking for customers?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #268
  • Jan 25, 2017 10:39am Jan 25, 2017 10:39am
Zero sum game? Topic has been discussed many times before, e.g. in this thread.

Quoting price777999
Does anyone have a system that helps a trader deal with lack of discipline ?
FWIW, I posted some ideas that have helped me here.

Quoting TooSlow
Still looking for customers?
Agreed. If he is a commercial operator, he shouldn't be posting here.

Quoting techboy46
I get the message, your one of the most knowledgeable trader at FF so good luck to you, hope you become a millionaire trader soon! I will respect your opinion but dont talk as if you are the only one who knows everything about the market. If your making money on your approach then continue doing it, but I am also making money on my approach so I will also continue what I do best, but dont talk as if your are absolutely sure that mechanical system fails, you are the one that has a closed mind. Maybe you dont understand the word RESPECT and your ego...
FWIW, I don't take people's opinions too seriously here -- including my own. LOL
For better or worse, it's a trading forum...... the place where everybody knows more than everybody else:
Attached Image

  • #269
  • Jan 25, 2017 10:48am Jan 25, 2017 10:48am
Quoting hanover
L For better or worse, it's a trading forum...... the place where everybody knows more than everybody else: {image}
Hanover, You are attempting to be a voice of reason in the FOREX FACTORY INSANE ASYLUM.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #271
  • Jan 25, 2017 12:23pm Jan 25, 2017 12:23pm
Most traders fail cause they don't have an EDGE.
First you need an edge...then you need discipline.
  • #272
  • Edited 4:52pm Jan 25, 2017 4:21pm | Edited 4:52pm
Quoting BenjaminIs
Hidden
Money Flow. Risk On Risk Off. These are fancy names for asset classes that have shown to have an inverse relationship with one another. It is common knowledge. Most intermediate traders know this already so why should they give you US $50,000 and 20% performance fee when they can do it themselves? You guarantee 60% per year? Why would you come on FF if you can really do that? You help others so they help you in giving you money? Or have you just shown it on a demo account but want someone to put real money into it so you can show it works? You have not shown any trades on FF. Show me some of your current trades on forex. You need to put a disclaimer on your website that past performance is not an indicator of future performance.
You came here for the truth and let me unveil it for you
  • #273
  • Jan 25, 2017 4:39pm Jan 25, 2017 4:39pm
Quoting anax
Most traders fail cause they don't have an EDGE. First you need an edge...then you need discipline.
Agreed. Just like the casinos they have a 2% to 30% edge over every patron. Trading like gambling for most people is for entertainment. Most people lose money and have the occasional win that keeps them coming back. The casino is called forex, stockmarket, commodities etc. The brokers are the house they take spreads, commissions etc. Pay the spread and you can roll the dice and lay bets. But unlike the casino the bets can be in the billions.

A few win in gambling just like a few win in trading.
You came here for the truth and let me unveil it for you
  • #274
  • Jan 25, 2017 4:51pm Jan 25, 2017 4:51pm
Quoting RondaRousey
{quote} Agreed. Just like the casinos they have a 2% to 30% edge over every patron. Trading like gambling for most people is for entertainment. Most people lose money and have the occasional win that keeps them coming back. The casino is called forex, stockmarket, commodities etc. The brokers are the house they take spreads, commissions etc. Pay the spread and you can roll the dice and lay bets. But unlike the casino the bets can be in the billions. A few win in gambling just like a few win in trading.
At some points yes its true, but in casinos you cannot apply patterns and analysis, you will mostly rely on pure luck,that is why the house will always win in the end, while in trading there are ways to have an edge, its just most traders cannot seems to utilize it.
  • #276
  • Jan 25, 2017 5:46pm Jan 25, 2017 5:46pm
Quoting BenjaminIs
Hidden

LMAO....gave Rhonda the business
  • #277
  • Jan 25, 2017 5:48pm Jan 25, 2017 5:48pm
Quoting hanover
FWIW, I don't take people's opinions too seriously here -- including my own. LOL For better or worse, it's a trading forum...... the place where everybody knows more than everybody else:...

Right on! This is the difference between an experienced member of forex forums and an inexperienced one. Just a 10 year member perceives this.

  • #278
  • Jan 25, 2017 6:14pm Jan 25, 2017 6:14pm
Quoting BenjaminIs
Hidden
You are attempting to lure people to your thread, then to your website.
Who knows what after that.
Obviously, you are seeking a benefit.
Whether it is website traffic, paying customers, subscribers, etc...

If your only motive was to help people, you would help them here at the FFIA (Forex Factory Insane Asylum) .
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #279
  • Jan 25, 2017 6:32pm Jan 25, 2017 6:32pm
Quoting TooSlow
{quote} You are attempting to lure people to your thread, then to your website. Who knows what after that. Obviously, you are seeking a benefit. Whether it is website traffic, paying customers, subscribers, etc... If your only motive was to help people, you would help them here at the FFIA (Forex Factory Insane Asylum) .

This will be the last time that I intend to reply to you. You clearly have an agenda based on your personal issues and not mine. You have first sent me private email then public posts with this one going over the line not that it really bothers me other than the time you waste for me needing to reply as I am now.

How do you know that I am as you say LURE people ? That is your PERCEPTION since that is how you clearly think. I have NEVER INSULTED you or been disrespectful even in the private PM when you said I AM WATCHING YOU and I said do you work for Forex Factory ?

I HAVE STATED ON MANY OCCASIONS MY AGENDA and to eliminate people such as yourself I made it my Policy to do it the way that I am. I posted my Thread in the Commercial Content Section of Forex Factory. Then to close you talk about FFIA (Forex Factory Insane Asylum) What kind of person are you to even post such absurd words ? Maybe you should seek some medical attention because of the way you seem to treat people at least myself. I did nothing to deserve such treatment so to avoid conflict I have no more reason to communicate with you. Now do not let your EGO reply with some smart ass reply.

The best to you and take care. I am not upset now that I have set the record straight.

Good Evening !!!


Benjaminis HAPPY !!!
  • #280
  • Jan 25, 2017 6:49pm Jan 25, 2017 6:49pm
Quoting BenjaminIs
Hidden
Sir, your offer sounds good to me, I just want to ask if the 3 months 5% ROI requirement will be based on the trader current live trading activities or it must be in compliance to your set of standards.
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