Most traders fail because of no discipline! | Page 21 | Forex Factory

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Most traders fail because of no discipline!

  • #401
  • Jan 30, 2017 3:14am Jan 30, 2017 3:14am
Quoting Ghost Walker
{quote} Yes you can learn my friend ,and more often than not the key that unlocks it all for you is right under your nose !
Yes the solution is called automated trading, less profitable but less stressful.
  • #402
  • Jan 30, 2017 3:21am Jan 30, 2017 3:21am
Quoting HeyYou
{quote} Yes the solution is called automated trading, less profitable but less stressful.
Automated trading?? Good lord now im hearing it all
  • #403
  • Jan 30, 2017 3:30am Jan 30, 2017 3:30am
Quoting WolGod
{quote} Automated trading?? Good lord now im hearing it all
I know what I'm doing, thanks.
  • #404
  • Jan 30, 2017 3:36am Jan 30, 2017 3:36am
Quoting dukas_trader
{quote} many trade with 90% success rate and win/drawdown rate per year of 10 and more. and this without any from your indicators and just charts. and by the way, "noise" its a very common world thats definition is different to any trading style and system, so you cant decide what it will be for what person. trading with volume and open interest is nothing special, many do it, at average not bether then trading other styles. some are bad doing it and lose, some are smart and win. like with all systems you can win and lose, but there is nothing special...
I think I agree that its hard to know the true volume in FOREX market because its global and no central exchange that can gather all the data but maybe wolgod has a different perspective about this particular topic.
  • #405
  • Jan 30, 2017 3:49am Jan 30, 2017 3:49am
Quoting HeyYou
{quote} I know what I'm doing, thanks.
LOL. When you blow your fifth account from the auto trading based on stochs and macds pm me and ill let you invest with me.
  • #406
  • Jan 30, 2017 3:51am Jan 30, 2017 3:51am
Quoting techboy46
{quote} I think I agree that its hard to know the true volume in FOREX market because its global and no central exchange that can gather all the data but maybe wolgod has a different perspective about this particular topic.
Yeah I do, use the correlated futures market data.
  • #407
  • Jan 30, 2017 4:07am Jan 30, 2017 4:07am
90% of the time is BS time. Completely unpredictable. You have to sit on your a$$ and wait.
There is only 10% of the time when you can really make money.
Noobs don't get it, they trade all the time and burn.
  • #408
  • Jan 30, 2017 4:35am Jan 30, 2017 4:35am
This thread is the perfect example of what is going on on FF. Everyone pretending to be a guru, it's so embarassing...

If you can't make money using Stochs, MA, any other indicator. Too bad for you, but don't say it can't be done.

If you say EA are less profitable. Too bad for you, for some it is more

If you think anything is set in stone in forex trading, you're probably wrong.

If you think discipline is what it takes, and what alleged traders need the most, by looking at this thread I don't agree with you, I'd say what people need is humility.

If You have a system that works perfectly for you? Great, but don't throw shit at other people who don't do like you.
  • #409
  • Jan 30, 2017 4:36am Jan 30, 2017 4:36am
Quoting HeyYou
{quote} Yes the solution is called automated trading, less profitable but less stressful.
You are right, You can't learn !
IMPROVISE ADAPT OVERCOME
  • #410
  • Jan 30, 2017 4:38am Jan 30, 2017 4:38am
Quoting Ghost Walker
{quote} You are right, You can't learn !
Show me your learning curve with a live te!
  • #411
  • Jan 30, 2017 4:39am Jan 30, 2017 4:39am
Anyway guys... I don't care bye.. everything I said is wrong
  • #412
  • Jan 30, 2017 4:40am Jan 30, 2017 4:40am
Quoting HeyYou
{quote} Show me your learning curve with a live te!
Read my thread .
IMPROVISE ADAPT OVERCOME
  • #413
  • Jan 30, 2017 4:50am Jan 30, 2017 4:50am
Quoting AiWoZhongHua
This thread is the perfect example of what is going on on FF. Everyone pretending to be a guru, it's so embarassing... If you can't make money using Stochs, MA, any other indicator. Too bad for you, but don't say it can't be done. If you say EA are less profitable. Too bad for you, for some it is more If you think anything is set in stone in forex trading, you're probably wrong. If you think discipline is what it takes, and what alleged traders need the most, by looking at this thread I don't agree with you, I'd say what people need is humility....
You are correct, nothing is set on stone in trading, a trader can be profitable at any particular approach or a combinations of different approaches, discipline is not what it takes to be successful trader but it is one aspect to be a successful trader (in the aspect of manual trading).What is important is to have respect with each others opinion,just try to gather the useful post and ignores the non-sense.
  • #414
  • Jan 30, 2017 5:19am Jan 30, 2017 5:19am
Quoting Albertfxx
firstly, discipline is important. Second, you have to have patience; if you have a good trade on, you have to be able to stay with it. Third, you need the courage to go into the market, and courage comes from adequate capitalization. Fourth, you must have a willingness to lose; that is also related to adequate capitalization. Fifth, you need a strong desire to win.
3 & 4 are very good points!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #415
  • Jan 30, 2017 5:35am Jan 30, 2017 5:35am
Quoting Albertfxx
firstly, discipline is important. Second, you have to have patience; if you have a good trade on, you have to be able to stay with it. Third, you need the courage to go into the market, and courage comes from adequate capitalization. Fourth, you must have a willingness to lose; that is also related to adequate capitalization. Fifth, you need a strong desire to win.
Couldn't agree more...
Risk comes from not knowing what you're doing.
  • #416
  • Jan 30, 2017 5:37am Jan 30, 2017 5:37am
Quoting WolGod
{quote} Yeah I do, use the correlated futures market data.
lol, sometimes you sound like a baby beginner, sometimes like a medium beginner.

lets help you a little bit again: the futures market in currencies is to small against the spot market. you are a new trtader with no experience, you cant know it,. you read a lot, traded some month, know near nothing and speak like a beginner. its normal that you are with this beginner skill very much behind most true traders.

maybe i can help you again. you are reyll not the smartest person, when you thought in futures market open interests and volume you can find best spots for forex spot market. in other markets it can help ( but not very much), but in forex you are to unexperienced like you show again and again.

most trader fail because they spoke like you. this could be a very good sentence in this topic :-). you really need to learn some basics before you speak to professionall traders, or you sound not very smart on the end.
  • #417
  • Jan 30, 2017 5:58am Jan 30, 2017 5:58am
Quoting dukas_trader
{quote} lol, sometimes you sound like a baby beginner, sometimes like a medium beginner. lets help you a little bit again: the futures market in currencies is to small against the spot market. you are a new trtader with no experience, you cant know it,. you read a lot, traded some month, know near nothing and speak like a beginner. its normal that you are with this beginner skill very much behind most true traders. maybe i can help you again. you are reyll not the smartest person, when you thought in futures market open interests and volume you...
you obviously have no idea what im talking about then. What i know about auctioning of price you dont know. You could never trade intraday 5 minute charts like me
To say the open interest on futures markets has no bearing on spot market is just wrong. But whatevs.
  • #418
  • Jan 30, 2017 6:07am Jan 30, 2017 6:07am
Quoting WolGod
{quote} you obviously have no idea what im talking about then. What i know about auctioning of price you dont know. You could never trade intraday 5 minute charts like me To say the open interest on futures markets has no bearing on spot market is just wrong. But whatevs.
i trade 1 min till monthly chart, you are so wrong. and you knowed this allready, because you asked me in private message about this. so trading only 5 min is bether then win in all time frames? think again who is the new trader with less knowledge ;-).

and yes, the open interest in futures market has less importance (and learn to read correct, i say less not no importance!, bether much much less) in spot market, because spot market is many times higher then future market in currencies ( and read again correct, in currencies, not all market. in other markets it has a little importances). learn the basics, i cant speak with you when you are unarmed with knowledge and allways tell wrong informations. i am not here to correct all your mistakes, because you are a beginner and fake like you are a medium trader.

because you dont know bether, you think you win with your style is only way to win. stupid beginner mistakes, a even medium trader would know, there are many ways to win or lose. you need to learn so much more from the basics, that even calling you a beginner is very nice.
  • #419
  • Jan 30, 2017 6:24am Jan 30, 2017 6:24am
Quoting dukas_trader
{quote} i trade 1 min till monthly chart, you are so wrong. and you knowed this allready, because you asked me in private message about this. so trading only 5 min is bether then win in all time frames? think again who is the new trader with less knowledge ;-). and yes, the open interest in futures market has less importance (and learn to read correct, i say less not no importance!, bether much much less) in spot market, because spot market is many times higher then future market in currencies ( and read again correct, in currencies, not all market....
Who said im a new trader?
Im an auction and volume specialist. These two things will never change its how a market goes up and down. Add to that i am a news and economist specialist. Im just finding it amusing people here still dont understand how markets work.
i repeat no one will ever make 5x their drawdown consistently EVERY WEEK for years on end. No one.
When in reality you should. Making 20:1 one week then having a loss the next week isnt trading its gambling. Im not the begginer it would seem with your lack of understanding intraday movements how instos accumulate exhaust what demand and supply looks like (and youll never know if you dont use cum. delta) so im sorry you never got the right education and youve been in the game 20 years and still dont understand. But youmake some money so hen you must know the markets OR have you just figured out how to manage bad trades and good trades of candlestick ptterns? Im guessing the latter.
  • #420
  • Jan 30, 2017 6:31am Jan 30, 2017 6:31am
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