Most traders fail because of no discipline! | Page 36 | Forex Factory

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  • #701
  • Feb 3, 2017 1:29pm Feb 3, 2017 1:29pm
Quoting dukas_trader
{quote} yes offourse. fixed TP/sl RR ratio are very rarely in real trading world by good traders. it depends from exit strategies and market behavior, so tp/SL is most of the time used as max tp, because this is easy backtestable. more often closing by other conditions then fix tp is best, same for SL. one SL is used for worst cases, in other cases you close when closing conditions are reached. so most trades dont reach max tp or max SL.
I use fixed SLs/TPs , that's my ideal plan.

Problem is I often take profits manually and remove the SL and we are back to auto trading
  • #702
  • Feb 3, 2017 1:42pm Feb 3, 2017 1:42pm
dukas_trader is a losing trader. He has no understanding of risk/reward and probability and therefore no understanding of trading edge. He has no edge in his trading. He has made thousands of mistakes and never learn. Yet he thinks he knows everything. He never shows his trades because he is a losing trader.

Tell me how do you calculate trading edge?
Calculate trading edge without knowing risk/reward?
Calculate trading edge without knowing probability?

That is why any trade dukas takes I take the opposite and make huge profit because he has no edge and no understanding about risk/reward.
He is a losing trader.
Do not learn from a losing trader like dukas_trader.
You came here for the truth and let me unveil it for you
  • #703
  • Feb 3, 2017 1:51pm Feb 3, 2017 1:51pm
Quoting Shabs19
Most beginner traders focus on their win percentage Educated traders focus on their Risk/Reward Ratio Veteran traders focus on how their win percentage and Risk/Reward work together The key benefit to using a positive risk:reward ratio is that it takes pressure off of our strategys win rate. We know for certain that as long as we are correct at least 50% of the time, we should be profitable. In fact, our win rate doesnt need to be that high. We can make money with a win rate much lower than 50% if our risk:reward ratio is strong enough We need to...
Nice explanation. Unfortunately someone like dukas_trade does not understand and that is why he was a losing trader 10 years ago and today is still a losing trader. I try to help him but he already knows everything-the wrong way.

Understanding risk/reward gives the probability which gives the trading edge. You can never be profitable without a trading edge. It is impossible.
You came here for the truth and let me unveil it for you
  • #704
  • Feb 3, 2017 2:01pm Feb 3, 2017 2:01pm
Quoting RondaRousey
dukas_trader is a losing trader. He has no understanding of risk/reward and probability and therefore no understanding of trading edge. He has no edge in his trading. He has made thousands of mistakes and never learn. Yet he thinks he knows everything. He never shows his trades because he is a losing trader. Tell me how do you calculate trading edge? Calculate trading edge without knowing risk/reward? Calculate trading edge without knowing probability? That is why any trade dukas takes I take the opposite because he has no edge and no understanding...
its really difficult with you, i will try to teach you again, but you dont deserve it with your bad "character" sometimes:

- i did correct your mistake and from this time you was like a little boy who was stolen the lollipop
- you will calculate edges? i dont do so, i just know them by basic of structure. and from this basic you create the system around. i dont think you really will understand what i am talking about ,or?
- risk reward is not important for creating an edge, after creating the system this paramateres will be created as basis setup (but only together withg many other parameters, RR is only a very small part - you will never understand this, or? ), and then will be tested if stable with parameters arround.
- Probability of win/loss trades, RR ,max drawdown, error probability of results, risk over weekend or small volume times or big news events,divergenz with allready established systems,...... als this are parameters that are important to calculate a systems parameter later, and at the end the moneymanagement structure and value is possible to calculate so
- its funny that a trader with such a small understanding about the forex world is hating other people, because he dont want show them trades, because he dont deserves it. extrem funny. i dont want manage money, so i dont need to show trades? its really a little bit crazy that you are not called absolute beginner, for me it looks like you fake wins, and have nothing, because i see what you write and its not difficult to see that you still be a beginner in trading.

all this is not against you, but you are such a hater, its difficult to speak to you in a conversation. allways i need to correct you, and you cant accept that you have so much mistakes in basic knowledge. so its ok, you are the best i have seen, you are even with your basic sucks knowledge the best trader. in my business time in banks i have met so many people like you, its fun for some minutes, but boring over the time.
  • #705
  • Feb 3, 2017 2:04pm Feb 3, 2017 2:04pm
Quoting dukas_trader
{quote} its really difficult with you, i will try to teach you again, but you dont deserve it with your bad "character" sometimes: - i did correct your mistake and from this time you was like a liitle boy who was stolen the lollipop - you will calculate edges? i dont do so, i just know them by basic of structure. and from this basic you create the system around. i dont think you really will understand what i am talking about ,or? - risk reward is not important for creating an edge, after creating the system this paramateres will be created as basis...
Dukas_trader is a losing trader. He has no money to trade anymore. Please do not be like him. He does not learn from his trading mistakes. He cannot read or write english properly. I try to help losing traders like him but I have learnt you cannot turn a losing trader into a winning trader. It is impossible.

You cannot teach someone to be a profitable trader. Either you have the mindset and talent to be a winning trader or you don't. Like baby turtles swimming to the ocean only very few make it to adulthood. Only few are chosen to be winning traders.
You came here for the truth and let me unveil it for you
  • #706
  • Feb 3, 2017 2:05pm Feb 3, 2017 2:05pm
Quoting LDFX
{quote} Hi, high reward:risk ratio is more important than you think, without speaking about statistics. Each trade is unique, uncertain and randomly distributed, facing this with a higher reward vs risk is much easier.
Let's say you decide to buy GBP/USD at $1.2000 with a 30 pip stop and a 90 pip take profit, a "nice" 3 to 1 risk reward for most traders.

What they fail to realize is that their stop will be hit 75% of the time first (try it and see for yourself).

So unless your trading system has a real mathematical/statistical edge to begin with, a high reward to risk ratio will never give you ANY particular advantage in itself.

Zero, zilch, zip, nada, nothing.
  • #707
  • Edited 3:18pm Feb 3, 2017 2:11pm | Edited 3:18pm
Quoting RondaRousey
{quote} Dukas_trader is a losing trader. He has no money to trade anymore. Please do not be like him. He does not learn from his trading mistakes. He cannot read or write english properly. I try to help losing traders like him but I have learnt you cannot turn a losing trader into a winning trader. It is impossible.
you did try not one time to correct me ;-), i was allways correcting you, and by the way many people corrected you, you was allways incorrect . funny you try to hide this.

wow, a trader with no basic knowledge calls someone bad, but dont know anything about . its like you really have a bad character and are a hater ego boy.

and what trading mistakes did i do , you even dont know one trade ;-) ;-)? you are fun at all, but why you talk and talk more and more mistakes?
  • #708
  • Feb 3, 2017 2:17pm Feb 3, 2017 2:17pm
Quoting Mr Breakout
{quote} Let's say you decide to buy GBP/USD at $1.2000 with a 30 pip stop and a 90 pip take profit, a "nice" 3 to 1 risk reward for most traders. What they fail to realize is that their stop will be hit 75% of the time first (try it and see for yourself). So unless your trading system has a real mathematical/statistical edge to begin with, a high reward to risk ratio will never give you ANY particular advantage in itself. Zero, zilch, zip, nada, nothing.
i tried to teach this to rondaroudy too. they are not at an level to understand this. thats why we can teach them the mistakes, but they cant see it. rondaroudy is even starting being a hater after corrected. very funny because he runs in his emotions and cant get out, but also boring when you want help, but he cant even see or is one of the person who dont deserve help, because he cant accept it.
  • #709
  • Feb 3, 2017 2:29pm Feb 3, 2017 2:29pm
Quoting RondaRousey
Where is your trading diary? Your friend Mr Breakout has one. I already know you cannot trade. Post your trades and show me how smart you are.
Trading forums are full of people making unsubstantiated claims, and unprovable comments. I've been a member of FF since 2006, and a long time ago I decided to simply take whatever info and ideas I think might be helpful to me personally, and privately test them for myself. I've also reached the conclusion that markets move chaotically, and hence most info that's presented as absolute truth applies only some of the time. I take everything that's not provable mathematically or logically with a grain of salt.

My experience is that many people listen only to opinions that they already agree with. Hence I try not to waste time arguing with people -- re-stating the same view repeatedly doesn't increase its correctness, or necessarily make it any more persuasive -- I simply state my view and move on. At the end of the day, my goal is to improve my trading knowledge and proficiency, not to try to win arguments with anonymous strangers in cyberspace.

If you want somebody to post real-time (as opposed to historical) proof of profitability, then ideally you'll need to wait a long time, because successful trading is ultimately about finding a way of staying ahead over several months' worth of changing markets. By which time all interest in a thread like this one will likely have died out, and people will be arguing over another topic which has already been done to death by a different group of members several years ago. LOL
  • #710
  • Feb 3, 2017 2:31pm Feb 3, 2017 2:31pm
Just run a test on mt4 with whatever risk / RR ratio per trade and see yourself..
  • #711
  • Feb 3, 2017 2:51pm Feb 3, 2017 2:51pm

I really don't understand why you are fighting!!! rr concept is not rocket science or something that needs to be discovered. Everything is obvious.

Risk/reward doesn't mean anything unless you consider it in specific strategies. You may say it's better if you have a bigger reward but consider this fact that when price moves in one direction, the probability that it goes 10 pips is higher than the probability of going 20 pips in that direction. so your winrate is higher with a lower reward and is lower with a higher reward. Read post number 686 by Shabs 19 if you have a problem with this concept.


THIS IS NOT SOMETHING YOU SHOULD REDISCOVER.


If you feel more comfortable with a strategy with 1:2 rr ratio, it's a personal choice but it won't make you winner or loser per se. if you have a strategy with the winrate of let's say 70% and 1:2 risk/reward, good for you. You'll make far more money than a strategy with the same winrate and 1:1 rr, but if you think your bigger reward can make you profitable alone, nope it's not gonna happen. I don't think it is that much hard to figure out, or is it??!!!

  • #712
  • Feb 3, 2017 3:39pm Feb 3, 2017 3:39pm
Quoting daivid40
I really don't understand why you are fighting!!! rr concept is not rocket science or something that needs to be discovered. Everything is obvious. Risk/reward doesn't mean anything unless you consider it in specific strategies. You may say it's better if you have a bigger reward but consider this fact that when price moves in one direction, the probability that it goes 10 pips is higher than the probability of going 20 pips in that direction. so your winrate is higher with a lower reward and is lower with a higher reward. Read post number 686 by...
This applies only when you use FIXED lotsize.. not rocket science indeed.
  • #713
  • Feb 3, 2017 3:43pm Feb 3, 2017 3:43pm
Quoting hanover
I take everything that's not provable mathematically or logically with a grain of salt. My experience is that many people listen only to opinions that they already agree with.
Here's a better place to take them:

Attached Image (click to enlarge)
Click to Enlarge Name: GarbageCan.jpg Size: 155 KB
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #714
  • Feb 3, 2017 3:47pm Feb 3, 2017 3:47pm
Quoting dukas_trader
i tried to teach this to rondaroudy too.
Two types unteachable: the very wise and the very stupid
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #715
  • Feb 3, 2017 3:53pm Feb 3, 2017 3:53pm
Quoting TooSlow
{quote} Two types unteachable: the very wise and the very stupid
maybe not perfect true, the very wise would love to be corrected, because doing mistakes can be very bad and learning more it correct is best someone can teach me, when i am wrong. if you dont accept you can be wrong, you cant learn fast and have a big problem in trading. and mistakes are done fast often, simple by writing fast it is even possible. and wise man have arguments to exchange, so its easy to discuss. best discussion possible.
  • #716
  • Feb 3, 2017 3:59pm Feb 3, 2017 3:59pm
Quoting dukas_trader
{quote} maybe not perfect true, the very wise would love to be corrected, because doing mistakes can be very bad and learning more it correct is best someone can teach me, when i am wrong. if you dont accept you can be wrong, you cant learn fast and have a big problem in trading. and mistakes are done fast often, simple by writing fast it is even possible. and wise man have arguments to exchange, so its easy to discuss. best discussion possible.
You teach me to be a losing trader. You rather prove to be right than make money. That is why you are a losing trader. You spend too much time proving you were right even when you are losing. You have not mastered how to make money trading. You never analyze currency pairs or discuss any trades just post rubbish after rubbish.
You came here for the truth and let me unveil it for you
  • #717
  • Feb 3, 2017 4:07pm Feb 3, 2017 4:07pm
Quoting dukas_trader
{quote} hmm, when you trade when its random its not best way. then you dont use an edge. but if you want to do so, then its on longterm allways a loss, what ever RR ratio you use, because of spread/ commission and slippage.
The simple definition of an edge in trading is a strategy that gives more winning trades than losing trades, meaning its a series of trades where you will have more winners as against the losing trades, for example you will take the next 100 trades you know that you will come out profitable, but you don't have an idea when and at what particular sequence those winning or losing trades occurs, that is the randomness that we are talking here.

Watch this interview of Mark Douglas, forum members will perhaps be enlighthen in this issue about carefree mindset,randomness and edge in trading:
Inserted Video
  • #718
  • Feb 3, 2017 4:07pm Feb 3, 2017 4:07pm
K.O.

Inserted Video
  • #719
  • Feb 3, 2017 4:09pm Feb 3, 2017 4:09pm
Quoting LDFX
{quote} What are "all necessary parameters" ?
The risk/reward ratio of a particular trading system is of course the average winning trade divided by the average losing trade (not to be confused with the Win/Loss ratio).

So if your average winning trade is $200 and your average losing trade is $100 for example, you are trading with a 2 to 1 reward to risk ratio.
  • #720
  • Feb 3, 2017 4:09pm Feb 3, 2017 4:09pm
Quoting RondaRousey
{quote} You teach me to be a losing trader. You rather prove to be right than make money. That is why you are a losing trader. You spend too much time proving you were right even when you are losing. You have not mastered how to make money trading. You never analyze currency pairs or discuss any trades just post rubbish after rubbish.

hmm, you speak about trading, what i did teach you about trading? nothing sweety. i even dont know who you are and by god, this in very good.

because you say about you, you are a losing trader, thats all because of you i think so. i did never talked to you before. stop telling others here bullshit, that i made you a bad trader, you was it all time.

because i never analyse in threads trades/currencies i dont analyse trades/currencies? ok lets do your math in your kind. i never did see you go in toilet, you never go on toilet?
did you ever see me and batman in one room? its because i am batman. normally its a good joke, but in your brain its true ;-).

really, you are only a angry man or woman with a egoist charackter that cant accept that someone corrected your big mistakes. i dont correct it any more, because it cant help you behind your mindset.
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