Most traders fail because of no discipline! | Page 28 | Forex Factory

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Most traders fail because of no discipline!

  • #541
  • Jan 31, 2017 2:10pm Jan 31, 2017 2:10pm
Quoting techboy46
@wolgod - make sure to post some real data in weeks to come to back your statement, for the mean time I advice you to refrain from any argument with any poster in this thread in regards to the same topic, remember the saying "action speaks louder than words" To other posters in the thread - I suggests lets just ignore wolgod post at the moment to avoid repetitious argument C'mon guys, we are not kids anymore!
good advice, the problem was, WODGOd had so many problems and mistakes in his sentences, because he is a beginner and tries to fake an expert, it needs to show him how big his mistake list was. that he starts learning basic at least.
  • #542
  • Jan 31, 2017 2:19pm Jan 31, 2017 2:19pm
Quoting TooSlow
{quote} All you have to do is ignorewolgod and *poof* no more wolgod. Click on his name and click on ignore in his profile. *poof*
As I have said lets give him the benefit of the doubt, even in the court of law the accused are given enough time to prove their innocence, if he can produce real P&L statement in weeks to come backing his statement then he has the right to post in this thread otherwise he will be put in the ignored list. For the mean time I suggest lets stop commenting about wolgod posts at the moment.
  • #543
  • Jan 31, 2017 2:22pm Jan 31, 2017 2:22pm
Quoting techboy46
{quote} As I have said lets give him the benefit of the doubt, even in the court of law the accused are given enough time to prove their innocence, if he can produce real P&L statement in weeks to come backing his statement then he has the right to post in this thread otherwise he will be put in the ignored list. For the mean time I suggest lets stop commenting about wolgod posts.
then he was unexperienced trader with win, nothing more. that he has many mistakes and is unexperienced he has showed many times. and tries to tell other he is a specialist. crazy boy
  • #544
  • Jan 31, 2017 2:30pm Jan 31, 2017 2:30pm
Quoting Shabs19
{quote} A very similar article here: http://www.forexfactory.com/showthread.php?t=3156
who wrote those 5 stages?

take every trade that your 'edge' shows has a good probability of winning.

the guy who wrote it is a winning trader.
You came here for the truth and let me unveil it for you
  • #545
  • Jan 31, 2017 3:35pm Jan 31, 2017 3:35pm
Quoting RondaRousey
{quote} who wrote those 5 stages? take every trade that your 'edge' shows has a good probability of winning. the guy who wrote it is a winning trader.
I think it is written by SoulTrader from FF, although he may have lifted ideas from the original:

http://examinedexistence.com/the-fou...nce-explained/

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It never gets easier, you just get better
  • #546
  • Jan 31, 2017 4:42pm Jan 31, 2017 4:42pm
Quoting Shabs19
{quote} I think it is written by SoulTrader from FF, although he may have lifted ideas from the original: http://examinedexistence.com/the-fou...nce-explained/ ConsciousUnconsciousCompetence.jpg;2165825 {image}
I think it was just inspired from the journey of a trader article,it is just the eureka stage was not included on the illustration.
  • #547
  • Jan 31, 2017 4:49pm Jan 31, 2017 4:49pm
Quoting Shabs19
{quote} I think it is written by SoulTrader from FF, although he may have lifted ideas from the original: http://examinedexistence.com/the-fou...nce-explained/ ConsciousUnconsciousCompetence.jpg;2165825 {image}
Stage 6: Philanthropy. Your trading is so good you don't need the money and decide to give it away.
You came here for the truth and let me unveil it for you
  • #548
  • Jan 31, 2017 5:38pm Jan 31, 2017 5:38pm
and emotion too
  • #549
  • Jan 31, 2017 5:48pm Jan 31, 2017 5:48pm
2.5 % Equity Max Risk Per Trade & 5% Equity Take Profit Minimum.. for every order..
Try it with your strategy..
  • #550
  • Edited 8:08pm Jan 31, 2017 7:52pm | Edited 8:08pm
I feel very sorry for all here at forex factory especially this thread.
tooslow has a strategy of a candlestock bar being up or down. Wth?
people talking in pips, $$s, its sad.
Oscillators people actually believe give value. Even when i show an awesome fundamentally and technically perfect trade no one can see it .not even in the slightest. I was told retail traders had No clue but my god never realized how much. Im very thankful for my education. One in a million it would seem.
i urge most of you to stop trading before you lose everything. Dukas a supposed trade of many years doesnt understand all that he read about.
People believe markets are noisy and random and you have to just have a go with good risk management. Not the case. The markets reflect fundamental environment and the technicals will reflect VALUE. Only when you understand volume and algos can you trade gat value. Seriously give up guys unless youre prepared to learn about value.
No one you know has made money consistently so why hasnt that twigged your brains?
  • #551
  • Jan 31, 2017 8:08pm Jan 31, 2017 8:08pm
Quoting WolGod
I feel very sorry for all here at forex factory especially this thread. tooslow has a strategy of a candlestock bar being up or down. Wth? Oscillators people actually believe give value. Even when i show an awesome fundamentally and technically perfect trade no one can see it .not even in the slightest. I was told retail traders had No clue but my god never realized how much. Im very thankful for my education. One in a million it would seem. i urge most of you to stop trading before you lose everything. Dukas...
Please do not misquote me, quote me out of context or talk about my methods if you have not taken the 10 TRADE CHALLENGE.
In other words, QUIT SPREADING IGNORANCE!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #552
  • Jan 31, 2017 8:19pm Jan 31, 2017 8:19pm
Quoting WolGod
I feel very sorry for all here at forex factory especially this thread. tooslow has a strategy of a candlestock bar being up or down. Wth? people talking in pips, $$s, its sad. Oscillators people actually believe give value. Even when i show an awesome fundamentally and technically perfect trade no one can see it .not even in the slightest. I was told retail traders had No clue but my god never realized how much. Im very thankful for my education. One in a million it would seem. i urge most of you to stop trading before you lose everything. Dukas...
This is your last warning, stop maligning fellow traders in the forum, if you really has a different understanding about the market then discussed it clearly here in the thread instead of trying to discredit other members, if you cannot do it then better stop talking.
  • #553
  • Feb 1, 2017 2:48am Feb 1, 2017 2:48am
Quoting RondaRousey
{quote}

"take every trade that your 'edge' shows has a good probability of winning".
This phrase was coined by the late Mark Douglas who wrote "Trading in the Zone" & "The Disciplined Trader"
It never gets easier, you just get better
  • #554
  • Feb 1, 2017 3:04am Feb 1, 2017 3:04am
Quoting WolGod
I feel very sorry for all here at forex factory especially this thread. tooslow has a strategy of a candlestock bar being up or down. Wth? people talking in pips, $$s, its sad. Oscillators people actually believe give value. Even when i show an awesome fundamentally and technically perfect trade no one can see it .not even in the slightest. I was told retail traders had No clue but my god never realized how much. Im very thankful for my education. One in a million it would seem. i urge most of you to stop trading before you lose everything. Dukas...
Im already trading for long time 5 years now , study alone.. Don't Give up Guys.. I even stress when study..
i have 2 friend that have success trade until now still trade..

once you understand ,, you can dance with the chart...

I have 2 strategy

1. Price Action Multipair Correlation (Hourly , Long Term 10% Risk , 20% reward , 80% success rate) I trade with 100$ FULL LOT..
2. Single Pair Analyst (M1 chart - Monthly) [ scappling , in most case no floating ,, after entering trade only spread from broker and it will plus profit less than 1 minute , 2.5% Equity Risk , 10% equity take profit]

I only use Technical. I ignore news.. just follow the trend it will help you..
But the problem is people don't know where is trend , After it they don't know how to entry.
Well i make my own indicator.

Example My Simple MM :
2.5% Equity -> (100 * 2.5)/100 = 2.5$
Lot Size -> 2.5 $ / 50 (Risk Point/SL) = 0.05
Trailing Sop every -> 50 (RiskPoint/SL) * 4 = 200 Point

Don't worry if you study.. read and relax.. you will find your strategy..
My Strategy is suits to me , But when you use my strategy maybe its not suits to you..
Everyone have different taste..
Consistent!

Its ok to jump real market to feel the emotion and mental real trading ..
but don't waste your money.. trade only if you already have big deal strategy success and tested with demo account ..
(IF YOU DON'T HAVE GOOD STRATEGY) you should use money that u Ready to lose it .. Because you are gambling not trading..
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  • #555
  • Feb 1, 2017 5:43am Feb 1, 2017 5:43am
Quoting RondaRousey
{quote} Stage 6: Philanthropy. Your trading is so good you don't need the money and decide to give it away.
Stage 6 - come on FF and tell everyone they dont know how to trade.
It never gets easier, you just get better
  • #556
  • Feb 1, 2017 7:13am Feb 1, 2017 7:13am
Quoting noahwilliam
Absolutely, thread is rightly defined. Trading and discipline moves hand in hand. There is no use even if you trade successfully unless you can trade your winning strategy with proper discipline and consistency. Finding a strategy is a big task but implementing that strategy is a bigger task. But what after implementation? Maintaining your growth results again requires discipline, i.e. why discipline is the basic essential while trading.
True, being discipline all the time is a must in every move traders make, it will be a tough task for everybody but its a very important aspect that every successful trader must achieve.
  • #557
  • Feb 1, 2017 1:20pm Feb 1, 2017 1:20pm
Quoting The-Flipper
99.99% fail because they don't trade in the time-window of momentum. That means: you have to watch the market all day long without doing any trade. But when it happens, you will know if the momentum is real or fake. Because over the years you have developed a very good feeling.
Momentum trading is not the only way to make money in the forex market
  • #558
  • Edited 1:53pm Feb 1, 2017 1:26pm | Edited 1:53pm
Quoting mrhigurashi
Most traders will say that a big part of becoming a good trader is to control emotion. However it is clearly evident from peoples posts that many traders have trouble controlling this. Sometimes its post where they discuss how "I should have waited" or i should have done this or that.... The other part is how quick to react to other people and how emotional they get when posting. If someone tells you that you are wrong or how you trade is wrong, why can you not just say "Thanks for the advice" and move on with your day? Why do people insist on getting...
Edit_ sorry we meant the same thing.
  • #559
  • Feb 1, 2017 1:46pm Feb 1, 2017 1:46pm
Quoting WolGod
I feel very sorry for all here at forex factory especially this thread. tooslow has a strategy of a candlestock bar being up or down. Wth? people talking in pips, $$s, its sad. Oscillators people actually believe give value. Even when i show an awesome fundamentally and technically perfect trade no one can see it .not even in the slightest. I was told retail traders had No clue but my god never realized how much. Im very thankful for my education. One in a million it would seem. i urge most of you to stop trading before you lose everything. Dukas...
Something tells me your not as good as you pretend to be,GW.
IMPROVISE ADAPT OVERCOME
  • #560
  • Feb 1, 2017 1:57pm Feb 1, 2017 1:57pm
Discipline is only the start.
Traders must create good, as in profitable, trading habits.
See attached.
Attached File(s)
File Type: pdf ultimate-guide-to-habits.pdf   1.5 MB | 1,320 downloads
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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