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Trading is Extremly hard!

  • #101
  • Edited 7:52am Apr 8, 2017 6:59am | Edited 7:52am
Quoting mlawson71
{quote} I think this is something very subjective. I could never find profiting boring, even if I were to get used to it. I'd always be very pleased, which would preclude me from feeling bored.
you will find profiting not boring or you already did find profiting not boring over many years?

thats a big difference, because in beginning we all thought so that it will be not boring. but you get used to all (and earning money is no difference to other things) and you need to work on it or accept this fact.
you can live next to ocean and get used to it over many years, you get a girlfriend and get used to it after many years and need to work on the relationship,... and so on.

maybe there are some people that never will used to it, but this would be extrem money lovers and they will be very angry about any lost cent too. not the best live.

and we speak not about the fact that money earning is total boring, it is how its earned. there happens often so less and its not much to do, so that you get bored if you dont have other hobbies or things to do. you get used to wins too, and dont get in big happiness by a big win like you did in first years when this wins will come often in month.
  • #102
  • Apr 8, 2017 7:12am Apr 8, 2017 7:12am
Dear,
Trade/Open positions -- at least 3 pairs-- so that if one gets blocked for long you have others to cover and close that trade whether in profit or loss but net should be Profit or minimal loss as thats not the end so get back a bit and start again.
No need to waste 8 months for so called U/J to give profit. Forex is not just winning trade, losing trade or a blocked trade but also management of trade. Your strategy should include all scenarios and additionally consider present situational strategy where actual management of trading skills work usually an exit strategy which can change your trade position but be patient and disciplined. Succesful forex traders exist which is a proof that you and me can dream it too and if we can dream it we can do it..
  • #103
  • Apr 8, 2017 12:55pm Apr 8, 2017 12:55pm
Quoting forexf75
Dear, Trade/Open positions -- at least 3 pairs-- so that if one gets blocked for long you have others to cover and close that trade whether in profit or loss but net should be Profit or minimal loss as thats not the end so get back a bit and start again. No need to waste 8 months for so called U/J to give profit. Forex is not just winning trade, losing trade or a blocked trade but also management of trade. Your strategy should include all scenarios and additionally consider present situational strategy where actual management of trading skills work...
i dont understand the real advantage of this strategy. a simple long term trade in U/J for 8 month could have much more win with less risk when done correct way. ofcourse for long term trades over months you need to take a look to the rollover prices or at least buy outright forward. and why is this time wasted time, when you get a trade in profit closed? and trading for 8 months looks like a trade was managed in weekly or monthly chart, there 8 month is just normal time.
  • #104
  • Apr 8, 2017 1:50pm Apr 8, 2017 1:50pm
Yes you are right 8 months is ok..but do you think anyone with small capital will wait 8 months to get succesfully 100-500 dollars ?
  • #105
  • Apr 8, 2017 2:01pm Apr 8, 2017 2:01pm
Quoting dukas_trader
{quote} you will find profiting not boring or you already did find profiting not boring over many years? thats a big difference, because in beginning we all thought so that it will be not boring. but you get used to all (and earning money is no difference to other things) and you need to work on it or accept this fact. you can live next to ocean and get used to it over many years, you get a girlfriend and get used to it after many years and need to work on the relationship,... and so on. maybe there are some people that never will used to it, but...
"we all thought so that it will be not boring." Do you mean you and other profitable traders that you know of ? And if you dont mind me asking for how long have you been profitable ? thanks
  • #106
  • Apr 8, 2017 2:05pm Apr 8, 2017 2:05pm
Quoting metta87
{quote} "we all thought so that it will be not boring." Do you mean you and other profitable traders that you know of ? And if you dont mind me asking for how long have you been profitable ? thanks
all i know. never seen different way when you are trading in profit with low drawdown.
profitable after 2 years, because in the beginning i was reading to much, switching too much from system to system, not hearing to more experienced traders or bank intern groups, who see the order flows and so risky situations,...
  • #107
  • Apr 8, 2017 3:03pm Apr 8, 2017 3:03pm
I never met anybody -in any kind of business- that would work so hard at convincing themselves that they cannot and that they will not win at something and then expect to succeed.

You are your worst enemy and it just won't happen. I was going to stop short from calling it a "law" but I will not; I believe that it's indeed a law that affects every aspect of life.
  • #108
  • Apr 8, 2017 11:24pm Apr 8, 2017 11:24pm
Quoting jetclub.fx
I never met anybody -in any kind of business- that would work so hard at convincing themselves that they cannot and that they will not win at something and then expect to succeed. You are your worst enemy and it just won't happen. I was going to stop short from calling it a "law" but I will not; I believe that it's indeed a law that affects every aspect of life.
correct in many aspects of live, but not in zero sum game markets like forex, lottery, poker,...... you always need to know in what market you invest or live and what are the market behaviors and laws by math for this market.

if you know many who trade or play in this businesses then you need to know many who lost already. if not this was only luck, that you met only this people and not other or you dont speak about this zero sum markets.

all market members can work as hard as they can, not all can win in this market style. some need to lose that some win. so easy, never will be different. point. when in forex an breakeven trader after one year often produces 30 % of his capital losses for other traders (because of paid spread and commission), you will know what happens when someone win big or many small. its normal that about 85-95% or even more need to lose.
and to be fair, in reality not all memebers work as hard as they can , i dont know the number but i will be very very small.

in zero sum markets there are often only 3 marketmember parties. traders/players, services/institutions who help trader/players to trade more easy/efficent/.., and the tax office.

and by the way: i had met many people with many businesses, who worked very hard, but got kicked in trouble by sometimes only bad luck. working hard is really good (but cant prevent for doing nothing wrong), but bad luck can destroy all. for example: wrong friends or partners, illness, death, accident, new better market members or even only with more money, 1 wrong business decision (or many smaller),...
  • #109
  • Edited 12:37am Apr 9, 2017 12:22am | Edited 12:37am
Quoting dukas_trader
{quote} correct in many aspects of live, but not in zero sum game markets like forex, lottery, poker,...... you always need to know in what market you invest or live and what are the market behaviors and laws by math for this market. if you know many who trade or play in this businesses then you need to know many who lost already. if not this was only luck, that you met only this people and not other or you dont speak about this zero sum markets. all market members can work as hard as they can, not all can win in this market style. some need to...
Your very long and lecturing in tone monologue has absolutely NOTHING to do with what I said. 1) Primarily because it's obvious you didn't even understand what I meant and 2) because you're answering/talking and referring to things I never mentioned.

If anything, you come off as quite defensive. Chill out dude... ;-)
  • #110
  • Apr 9, 2017 7:48am Apr 9, 2017 7:48am
Quoting jetclub.fx
{quote} Your very long and lecturing in tone monologue has absolutely NOTHING to do with what I said. 1) Primarily because it's obvious you didn't even understand what I meant and 2) because you're answering/talking and referring to things I never mentioned. If anything, you come off as quite defensive. Chill out dude... ;-)
yes, my mistake. i translated your sentence wrong to: "if you work so hard you will succeed on the end".

whats an "tone monologue"?
  • #111
  • Apr 9, 2017 11:48am Apr 9, 2017 11:48am
Quoting dukas_trader
{quote} yes, my mistake. i translated your sentence wrong to: "if you work so hard you will succeed on the end". whats an "tone monologue"?
It's all good.... What I meant by "lecturing in tone monologue" was that you sounded professorial, as in lecturing or teaching. But as I thought, you had misunderstood what I said and you were stating your views and opinions based on that... Cheers!
  • #112
  • Apr 9, 2017 1:19pm Apr 9, 2017 1:19pm
Quoting jetclub.fx
{quote} It's all good.... What I meant by "lecturing in tone monologue" was that you sounded professorial, as in lecturing or teaching. But as I thought, you had misunderstood what I said and you were stating your views and opinions based on that... Cheers!
ok i understand. i did teach some trader groups in bank. but maybe its also because english is not my first language, so i only use simplest possible words and maybe sounds sometimes a little bit easy written or wrong english in grammar.
  • #113
  • Edited 3:36pm Apr 9, 2017 2:28pm | Edited 3:36pm
Quoting dukas_trader
{quote} ok i understand. i did teach some trader groups in bank. but maybe its also because english is not my first language, so i only use simplest possible words and maybe sounds sometimes a little bit easy written or wrong english in grammar.
Your english is just fine and I understand your meaning. Thanks for sharing your knowledge and experience.
  • #114
  • Apr 9, 2017 2:33pm Apr 9, 2017 2:33pm
the simplest reply and most effective to this thread topic i can think of is

'if it was easy, everyone would be doing it'

  • #115
  • Apr 10, 2017 2:00am Apr 10, 2017 2:00am
Quoting StavFx
the simplest reply and most effective to this thread topic i can think of is 'if it was easy, everyone would be doing it'
The sane approach to trading.
  • #116
  • Apr 10, 2017 5:59am Apr 10, 2017 5:59am
Quoting StavFx
'if it was easy, everyone would be doing it'
That's right but i think many of us thinks that it is easy though it isn't that easy and we need to learn the tricks of trade before investing in it.
  • #117
  • Apr 10, 2017 6:50am Apr 10, 2017 6:50am
Quoting jollypk
{quote} That's right but i think many of us thinks that it is easy though it isn't that easy and we need to learn the tricks of trade before investing in it.

It is like many things, hard until it is easy. It is also counter often counter intuitive and the space is filled with misinformation
I live entirely from the growth of my personal trading account
  • #118
  • Apr 10, 2017 8:35am Apr 10, 2017 8:35am
Trading is extremely hard!


And it is like Gambling!!

You will surely LOSE MONEY!


Believe it or not
Let Market Tell You
  • #119
  • Apr 10, 2017 8:38am Apr 10, 2017 8:38am
Quoting Monokl
Trading is extremely hard! And it is like Gambling!! You will surely LOSE MONEY! Believe it or not
then its not like gambling, in gambling some lose money, some win money.
  • #120
  • Apr 10, 2017 8:50am Apr 10, 2017 8:50am
Quoting dukas_trader
{quote} then its not like gambling, in gambling some lose money, some win money.

Showing your roots all people gambling without an edge will eventually lose all money
I live entirely from the growth of my personal trading account
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