Most traders fail because of no discipline! | Page 29 | Forex Factory

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Most traders fail because of no discipline!

  • #561
  • Feb 1, 2017 2:05pm Feb 1, 2017 2:05pm
Quoting TooSlow
Discipline is only the start. Traders must create good, as in profitable, trading habits. See attached. {image}
Definitely true, a trader must be discipline from the very start until the very end of his trading life, discipline plus good strategy or you may say an edge must work side by side all the time in order to be a successful trader, otherwise it will be a very frustrating experience in trading.
  • #562
  • Feb 1, 2017 2:15pm Feb 1, 2017 2:15pm
Quote
Discipline is only the start.

you are completely right.
i am currently doing a little bit hard, to keep disciplined in the market.
thanks for your attachment!
  • #563
  • Feb 1, 2017 2:17pm Feb 1, 2017 2:17pm
Quoting techboy46
{quote} Definitely true, a trader must be discipline from the very start until the very end of his trading life, discipline plus good strategy or you may say an edge must work side by side all the time in order to be a successful trader, otherwise it will be a very frustrating experience in trading.
The latest research shows you have to create habits because discipline does not last.
Many mistake discipline for habits.
Discipline takes effort.
Habits are on "auto pilot".
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #564
  • Feb 1, 2017 2:23pm Feb 1, 2017 2:23pm
Quoting TooSlow
{quote} The latest research shows you have to create habits because discipline does not last. Many mistake discipline for habits. Discipline takes effort. Habits are on "auto pilot".
whats important, learn that you dont need to be invested all the time. its ok to say, i dont trade. its ok not to trade when the market situation is not seen before. its ok to avoid a risky situation and never look on the chart later and think about the wins, that would have been (or you will think about it a long time and next time you will do the trades in unssen pattern... and lose). its not so easy to get this feeling of never think about not realized wins, or missed opportunities to trade. but this will happen all the time, so it needs to be learned.
  • #565
  • Feb 1, 2017 3:01pm Feb 1, 2017 3:01pm
Quoting Ghost Walker
{quote} Something tells me your not as good as you pretend to be,GW.

That thing is right. He's just a newbie who probably saw trade-dale thread and thought it's the cure-all for the forex. He did a quick research and has done a few demo trades or just has backtested a defected strategy and is in euphoria phase. He doesn't have any money but he sees himself in a lambo with a few babes and people throwing money at him and begging him to manage their accounts. Tell me about it!!!


The bad news for him is, a horrific and depressing phase is coming. The good news is, if he can past this phase he'll start to develop his trading carrier with whatever tool that suits him.

  • #566
  • Feb 1, 2017 3:53pm Feb 1, 2017 3:53pm
Quoting dukas_trader
{quote} whats important, learn that you dont need to be invested all the time. its ok to say, i dont trade. its ok not to trade when the market situation is not seen before. its ok to avoid a risky situation and never look on the chart later and think about the wins, that would have been (or you will think about it a long time and next time you will do the trades in unssen pattern... and lose). its not so easy to get this feeling of never think about not realized wins, or missed opportunities to trade. but this will happen all the time, so it needs...


Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 59 KB


See RULE #5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #567
  • Feb 1, 2017 3:59pm Feb 1, 2017 3:59pm
Quoting TooSlow
{quote} TooSlow1.png;2167896 See RULE #5 {image}
until a currency is at zero ;-)
  • #568
  • Feb 1, 2017 4:22pm Feb 1, 2017 4:22pm
Quoting Ghost Walker
{quote} Something tells me your not as good as you pretend to be,GW.
Really? ok
AUD right NOW
SL: 7553
TARGET: 7612 then 7650 - I know to you it seems hard to understand but I can see HOW the trades going and can compound or exit accordingly.
ENTRY: Still waiting obviously as market opens at 10am. A test and demand away from 7575 and IM IN. I will also be IN if there is a set up (an insto secret) on the open. Don't mind paying up here as its VERY STRONG atm. I'm calling this 40 minutes before the market opens will be a 1:1 MINIMUM could be a lot higher. There is no way you can make 1:1 in a month using oscillators.
  • #569
  • Feb 1, 2017 4:28pm Feb 1, 2017 4:28pm
Quoting WolGod
{quote} Really? ok AUD right NOW SL: 7553 TARGET: 7612 then 7650 - I know to you it seems hard to understand but I can see HOW the trades going and can compound or exit accordingly. ENTRY: Still waiting obviously as market opens at 10am. A test and demand away from 7575 and IM IN. I will also be IN if there is a set up (an insto secret) on the open. Don't mind paying up here as its VERY STRONG atm. I'm calling this 40 minutes before the market opens will be a 1:1 MINIMUM could be a lot higher. There is no way you can make 1:1 in a month using oscillators....

hahahhaah you're one funny troll man, I'm sure that gw guy will be at your post.
  • #570
  • Feb 1, 2017 4:30pm Feb 1, 2017 4:30pm
Quoting daivid40
{quote} That thing is right. He's just a newbie who probably saw trade-dale thread and thought it's the cure-all for the forex. He did a quick research and has done a few demo trades or just has backtested a defected strategy and is in euphoria phase. He doesn't have any money but he sees himself in a lambo with a few babes and people throwing money at him and begging him to manage their accounts. Tell me about it!!! The bad news for him is, a horrific and depressing phase is coming. The good news is, if he can past this phase he'll start...
You do realize MONY MUST be exchanged EVERYDAY. This is the game of forex. ANY environment ANY market ANY news bad or good YOU (if you understand auctioning and volume) should make money and lots of it. LOL depressing phase? I welcome it.
  • #571
  • Feb 1, 2017 4:34pm Feb 1, 2017 4:34pm
Quoting HeyYou
{quote} hahahhaah you're one funny troll man, I'm sure that gw guy will be at your post.
Whats funny? I'm calling the trade the risk the target 40 minutes out. HOW CAN YOU CALL ME A TROLL? If youre not amazed by that why is everyone amazd by .003:1 trades that everyone does? People here really lack any knowledge of risk management or can even grasp how its done
  • #572
  • Feb 1, 2017 4:35pm Feb 1, 2017 4:35pm
Quoting WolGod
{quote} Whats funny? I'm calling the trade the risk the target 40 minutes out. HOW CAN YOU CALL ME A TROLL? If youre not amazed by that why is everyone amazd by .003:1 trades that everyone does? People here really lack any knowledge of risk management or can even grasp how its done
GJ scalper is BACK !
  • #573
  • Feb 1, 2017 4:45pm Feb 1, 2017 4:45pm
Quoting HeyYou
{quote} GJ scalper is BACK !
1. I'm not a scalper, 2. AU not GJ
  • #574
  • Feb 1, 2017 4:53pm Feb 1, 2017 4:53pm
Quoting WolGod
{quote} 1. I'm not a scalper, 2. AU not GJ
Ok AuSwingTrader why can't you make profits out of every market move if you think it's not random.
  • #575
  • Feb 1, 2017 5:00pm Feb 1, 2017 5:00pm
Quoting dukas_trader
{quote} until a currency is at zero ;-)
Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #576
  • Feb 1, 2017 5:03pm Feb 1, 2017 5:03pm
Quoting WolGod
{quote} You do realize MONY MUST be exchanged EVERYDAY. This is the game of forex. ANY environment ANY market ANY news bad or good YOU (if you understand auctioning and volume) should make money and lots of it. LOL depressing phase? I welcome it.

Nope, it doesn't work. You really must blow up real accounts. The only positive side here is that you don't have money and it'll take you a few bucks to understand.so I won't argue with you anymore. GL

  • #577
  • Feb 1, 2017 5:07pm Feb 1, 2017 5:07pm
Quoting HeyYou
{quote} Ok AuSwingTrader why can't you make profits out of every market move if you think it's not random.
ah because theres so much work to do! Are you serious? you think you can enter because of price action? the same reason Auto systems don't work. candle stick patterns happen all the time so why don't they work 100%? there are so many factors you are not considering. One market is a lifetime of work, for one person. Price action is literally 1 factor out of about 10 needed to enter a position in the market.
  • #578
  • Feb 1, 2017 5:17pm Feb 1, 2017 5:17pm
Quoting WolGod
{quote} ah because theres so much work to do! Are you serious? you think you can enter because of price action? the same reason Auto systems don't work. candle stick patterns happen all the time so why don't they work 100%? there are so many factors you are not considering. One market is a lifetime of work, for one person. Price action is literally 1 factor out of about 10 needed to enter a position in the market.
if you're right 52% of the times you're making money, right ? so what's the problem ?
  • #579
  • Feb 1, 2017 5:43pm Feb 1, 2017 5:43pm
Guys

There appears to be a communication problem in this thread as unfortunately there is no common context that participants can debate from. Obviously people are using different definitions and what could be a fruitful discussion turns into a diatribe from different perspectives. For example, what one person calls random, another calls complexity etc.etc. etc. If there was a common understanding by at least discussing a method before interrogating it via question and answer, then threads such as these would be helpful as opposed to being rejected by any reasonable person trying to make sense of it all.

In any form of conversation between people who do not share common backgrounds, it is essential that first an arena is described that lays the foundations for debate. If a format such as this was adopted in this forum then so much 'noise', character assassination and ill-will could be avoided and as a community we actually might find that content on this site could benefit from the variety of different perspectives and opinions we have at our disposal on this wide reaching forum.

Cheers all....but please discuss thoughtfully and ask yourself, am I actually adding to or detracting from the debate in my participation.
  • #580
  • Feb 1, 2017 6:22pm Feb 1, 2017 6:22pm
Slap that b ... yaaa , slap thjat b ....

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