Most traders fail because of no discipline! | Page 37 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why most 'traders' fail 12 replies

Top Reasons Why Most Beginner Traders Fail 64 replies

The Miracle of Discipline, by Rob Booker 18 replies

Average system + great discipline =great results? 44 replies

Why Traders Lose Their Discipline 2 replies

Attachments: Most traders fail because of no discipline!
Exit Attachments

Most traders fail because of no discipline!

  • #721
  • Feb 3, 2017 4:11pm Feb 3, 2017 4:11pm
One of the best threads.
We can see a lot of "BIG EGO" fellows arguing with each other.

LOL
"You may say I am a dreamer .... but I am not the only one."
  • #722
  • Feb 3, 2017 4:16pm Feb 3, 2017 4:16pm
Quoting guesser
One of the best threads. We can see a lot of "BIG EGO" fellows arguing with each other. LOL
really a lot? i see only ronda .
  • #723
  • Feb 3, 2017 4:22pm Feb 3, 2017 4:22pm
Quoting HeyYou
{quote} This applies only when you use FIXED lotsize.. not rocket science indeed.

With all due respect I think you've mixed things up buddy.


P.S I wanted to explain it more but I don't think I can simplify that more than I did, so nothing forcible.GL

  • #724
  • Feb 3, 2017 4:28pm Feb 3, 2017 4:28pm
Quoting daivid40
{quote} With all due respect I think you've mixed things up buddy. P.S I wanted to explain it more but I don't think I can simplify that more than I did, so nothing forcible.GL
No you explained it very well..
  • #725
  • Feb 3, 2017 4:46pm Feb 3, 2017 4:46pm
Quoting techboy46
The simple definition of an edge in trading is a strategy that gives more winning trades than losing trades,
Not necessarily, your total gains must simply be higher than your total losses.

You could lose 70% of the time and still make a killing.
  • #726
  • Feb 3, 2017 4:55pm Feb 3, 2017 4:55pm
Quoting Mr Breakout
{quote} Not necessarily, your total gains must simply be higher than your total losses. You could lose 70% of the time and still make a killing.
Right, the ratio can be neglected we can talk about it in terms of profits, bottom line is you are making more money in your trading over a series of trades(winners minus losers) that define the so called edge in trading, but in order to arrive such state a trader needs a good trading methodology and the discipline to implement such method consistently, other than this no way that a trader can be profitable.
  • #727
  • Feb 3, 2017 5:03pm Feb 3, 2017 5:03pm
Quoting techboy46
a trader needs a good trading methodology and the discipline to implement such method consistently, other than this no way that a trader can be profitable.
Absolutely.

Give even a mediocre trading system to a disciplined trader and he/she will make money in the long run.

Now give the best trading system on the planet to an undisciplined trader and he will blow up his account in no time.
  • #728
  • Feb 3, 2017 5:46pm Feb 3, 2017 5:46pm
Quoting Mr Breakout
{quote} Absolutely. Give even a mediocre trading system to a disciplined trader and he/she will make money in the long run. Now give the best trading system on the planet to an undisciplined trader and he will blow up his account in no time.
Precisely, and this should be the focus of all aspiring and struggling traders has to work out,finding a good methodology or a good system and implement its rule consistently over and over again(be disciplined), it is not an easy task but its the only way to be successful in this market.
  • #729
  • Edited 7:02pm Feb 3, 2017 6:02pm | Edited 7:02pm
Quoting techboy46
{quote} 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...
Good video.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #730
  • Feb 3, 2017 6:18pm Feb 3, 2017 6:18pm
I AM A CONSISTENT WINNER BECAUSE:
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept the risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.

-Mark Douglas

“Ninety-five percent of the trading errors you are likely to make—causing the money to just evaporate before your eyes—will stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table. What I call the four primary trading fears.”

dukas_trader does not post his trades because of fear of failure. He lose before he even trades.
You came here for the truth and let me unveil it for you
  • #731
  • Feb 3, 2017 6:40pm Feb 3, 2017 6:40pm
  •  hak444
  • | Joined Aug 2016 | Status: knowing is not enough,we must apply | 41 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: Spiritual Quotes.jpg Size: 252 KB
Attached Image (click to enlarge)
Click to Enlarge Name: your-level-of-success-is-determined-by-your-level-of-discipline-and-perseverance-quote-1.jpg Size: 93 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 66a6f2af181a6f1bd6e14d30996bb99d.jpg Size: 85 KB
I can accept failure but i can't accept not trying. (Michael Jordan)
  • #732
  • Feb 3, 2017 6:52pm Feb 3, 2017 6:52pm
Quoting hak444
Spiritual Quotes.jpg;2172184your-level-of-success-is-determined-by-your-level-of-discipline-and-perseverance-quote-1.jpg;217218666a6f2af181a6f1bd6e14d30996bb99d.jpg;2172188 {image} {image} {image}
Nice.
Thank you.
Cheers!

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #733
  • Feb 3, 2017 7:10pm Feb 3, 2017 7:10pm
  •  hak444
  • | Joined Aug 2016 | Status: knowing is not enough,we must apply | 41 Posts
I can accept failure but i can't accept not trying. (Michael Jordan)
  • #734
  • Feb 3, 2017 8:30pm Feb 3, 2017 8:30pm
Quoting RondaRousey
dukas_trader does not post his trades because of fear of failure. He lose before he even trades.

its really hard for you to be a loser trader (you called yourself so) and need to call other so to let your mind be bether. come down, you are the best trader, i allready told you you are best in forexfactory, never seen bether, .... ohoh.
i really cant understand how such people, who needs to learn at least basics of trading are argumenting allways same: " show me your trades.....". ofcourse not, you dont deserve it (because of your really very bad character and mind) and i dont want offer managing accounts. i did not one time ask for your trades, because i am not interested in, because i am good with my own. different for you, very interesting situation and funny a little bit.

and sorry that sometimes i make jokes about you, but you really deserves it because of your angry ego mind. every post from you sound like you are in rage and get a stroke in the next minutes because of jealousy.
  • #735
  • Feb 3, 2017 11:02pm Feb 3, 2017 11:02pm
Quoting dukas_trader
and sorry that sometimes i make jokes about you, but you really deserves it because of your angry ego mind. every post from you sound like you are in rage and get a stroke in the next minutes because of jealousy.
LOL!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #736
  • Edited 2:33am Feb 4, 2017 12:45am | Edited 2:33am
Quoting dukas_trader
{quote} its really hard for you to be a loser trader (you called yourself so) and need to call other so to let your mind be bether. come down, you are the best trader, i allready told you you are best in forexfactory, never seen bether, .... ohoh. i really cant understand how such people, who needs to learn at least basics of trading are argumenting allways same: " show me your trades.....". ofcourse not, you dont deserve it (because of your really very bad character and mind) and i dont want offer managing accounts. i did not one time ask for your...
A trader's Mindset:

 

  1. Sense of calmness

  1. Ability to focus on the present reality

  1. Not caring which way the market breaks or moves

  1. Always aligning trades in the direction of the market, flowing with the market

  1. Not caring about the money

  1. Always looking to improve your skills

  1. Profits now accumulating and flowing in as your skills improve

  1. Keeping an open mind, keeping opinions to a minimum

  1. Accepting the risk in trading

  1. No Anger

  1. Learning from every trade

  1. Winning and losing trades accepted equally from an emotional standpoint

  1. Enjoying the process

  1. Trading your chosen approach or system and not being influenced by the market or others

  1. Not feeling a need to conquer or control the market

  1. Feeling confident and feeling in control of yourself

  1. A sense of not forcing the markets or yourself

  1. Trading with money you can afford to risk

  1. No feeling of ever being victimized by the markets

  1. Taking full responsibility for your trading

Dukas_trader you don't have this mindset.
Your need to be right and to convince everyone around you that you are right and correct everyone's mistakes rather than your own is your downfall in trading. You don't have an open mind and act like a know-all and think you need to teach what little you know. Your opinion is more important than others. You don't learn from your mistakes. You blame others for your mistakes and that is why you cannot make a profit month after month, year after year. In your world it's a zero sum game, for you to be right someone must be wrong.

Every trade you take I take the opposite and be in profit because you are a losing trader and cannot accept it. So how does a losing trader turn into a winning trader? He cannot because that is what a winning trader does.

You came here for the truth and let me unveil it for you
  • #737
  • Feb 4, 2017 12:55am Feb 4, 2017 12:55am
Quoting RondaRousey
{quote} A trader's Mindset: Sense of calmness Ability to focus on the present reality Not caring which way the market breaks or moves Always aligning trades in the direction of the market, flowing with the market Not caring about the money Always looking to improve your skills Profits now accumulating and flowing in as your skills improve Keeping an open mind, keeping opinions to a minimum Accepting the risk in trading No Anger Learning from every trade Winning and losing trades accepted equally from an emotional standpoint Enjoying the process...
This is so true , just curious where you got this list ? Thanks
  • #738
  • Edited 4:58am Feb 4, 2017 4:44am | Edited 4:58am
Quoting Mr Breakout
{quote} Not necessarily, your total gains must simply be higher than your total losses. You could lose 70% of the time and still make a killing.
Absolutely correct. Higher Winning percentages only matter when your RR is low.
Always better from an emotional standpoint to have more winning trades than losing trades, as maintaining a high RR is not always possible unless
you have the balls of steel and an unshakeable belief in your trading ability.

I think Dukas trader maybe trying to say the same things but due to English not being his native language has difficulty expressing himself. What I don't
agree with is personal attacks when you cannot get your point across. This is very wrong.
It never gets easier, you just get better
  • #739
  • Feb 4, 2017 5:04am Feb 4, 2017 5:04am
Quoting Shabs19
{quote} Absolutely correct. Higher Winning percentages only matter when your RR is low. Always better from an emotional standpoint to have more winning trades than losing trades, as maintaining a high RR is not always possible unless you have the balls of steel and unshakeable belief in your trading ability. I think Dukas trader maybe trying to say the same things but due to English not being his native language has difficulty expressing himself. What I don't agree with is personal attacks when you cannot get your point across. This is very wrong....
i teached him them same (and if english is so bad to read ot not, most did understand it), and i did not one time attack ronda. he called himself a loser trader, and i dont know why, he talks about all the time more and more then same sentence "that i cant trade", thats so stupid after not knowing anything about my trading. its ok, because he is extrem jealous and you see it with every word, but that some people defend him, thats really stupid.

he does mistakes (and he calls his mistakes you need to be open minded, helllllooooo), i correct him, and other dont see it. sometimes my believe in people is really small, thatswhy most traders fail, they cant see truth and reality. what ever , i dont speak more abouit this point, and ronda baby i will simple block. he is new in forexfatory and you can see he knows nothing and need to blame and hate all the time, when you correct his mistakes.
  • #740
  • Feb 4, 2017 5:16am Feb 4, 2017 5:16am
Quoting dukas_trader
{quote} i teached him them same (and if english is so bad to read ot not, most did understand it), and i did not one time attack ronda. he called himself a loser trader, and i dont know why, he talks about all the time more and more then same sentence "that i cant trade", thats so stupid after not knowing anything about my trading. its ok, because he is extrem jealous and you see it with every word, but that some people defend him, thats really stupid. he does mistakes (and he calls his mistakes you need to be open minded, helllllooooo), i correct...
I am sorry Dukas Trader, but I still cannot see you furthering your point with this endless bickering. Make your point regarding trading strategies etc. but
continuing personal attacks will only reduce your own credibility.

I dont think it is your duty to teach anyone, unless you go commercial and open your own thread there.
It never gets easier, you just get better
0 traders viewing now