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5 years and still no strategy

  • #1,701
  • May 17, 2017 9:10pm May 17, 2017 9:10pm
Quoting RondaRousey
{quote} To change my reality
From what to what?
This is not investment/trading advise. Will not hold accountable for loss
  • #1,702
  • May 17, 2017 9:20pm May 17, 2017 9:20pm
Quoting yousername
{quote} Amen brother. This is business not picnic. Do it because you love it, not because it's fun. If you love it, you'd sacrifice your life for it. If you just do it for fun, you'd go broke like many other losers. Just like marriage, you married some one because you love her not because you want to have some fun. If you love her, you'd sacrifice your life for her and do your best to keep things in order, peace and bring joy out of your marriage to the world. If you just want to have fun with her, better do not get married instead having a one...
Trading is just a job, just like any other.
Look Sharp/Trade Tight
  • #1,703
  • May 17, 2017 9:31pm May 17, 2017 9:31pm
Quoting RondaRousey
{quote} ROFL. so go to school, get good grades and then a uni education then trade and lose money ? With a regular job your income is guaranteed every day, every week every month. With trading there is no guarantee of any income. In fact are more likely to lose money. Trading is job-WHAT RUBBISH
Please kindly answer my question

Quoting RondaRousey
{quote} To change my reality

From what to what?
This is not investment/trading advise. Will not hold accountable for loss
  • #1,704
  • May 17, 2017 9:42pm May 17, 2017 9:42pm
Quoting PayTheLimit
{quote} Trading is just a job, just like any other.
I get your point, but I feel compelled to point out some pretty amazing benefits that make this much better than "any other" job I can think of. Despite the fact that the learning curve is severe from heavy amounts of misinformation and the fact that almost nobody will teach you how to do it:

  1. The income you can generate from it is, for the purposes of someone used to a wage, scaleable to an obscene degree. That is, with a fixed risk, the amount you earn is really only limited by your growing capital, to the point that you begin to influence the market and the game becomes much more difficult. As if many of us are likely to have the tens of millions of dollars necessary to do that anyway.
  2. The online nature of the job means you can live anywhere you like that has an available internet connection.
  3. As a self-employed individual, you can work when you want.
  4. In the US, you can take advantage of the 60/40 tax rule which in effect means you pay less in taxes than wage earners, including not having to pay FICA or self-employment if you set it up right iirc.

Forex trading in particular is a pretty sweet gig, if you can figure out the puzzle. I can't think of much that offers the degree of freedom and potential wealth generation as trading does.

  • #1,705
  • May 17, 2017 9:52pm May 17, 2017 9:52pm
Quoting Kanzler
{quote} I get your point, but I feel compelled to point out some pretty amazing benefits that make this much better than "any other" job I can think of. Despite the fact that the learning curve is severe from heavy amounts of misinformation and the fact that almost nobody will teach you how to do it: The income you can generate from it is, for the purposes of someone used to a wage, scaleable to an obscene degree. That is, with a fixed risk, the amount you earn is really only limited by your growing capital, to the point that you begin to influence...
Look all this is valid, and the majority probably held true when I started. But the only thing that concerned me was paying my seat lease, my rent, and my living expenses.
Look Sharp/Trade Tight
  • #1,706
  • May 17, 2017 9:53pm May 17, 2017 9:53pm
Quoting RondaRousey
{quote} ROFL. so go to school, get good grades and then a uni education then trade and lose money ? With a regular job your income is guaranteed every day, every week every month. With trading there is no guarantee of any income. In fact are more likely to lose money. Trading is job-WHAT RUBBISH

Yea, but you still get up early, get on the train, and go to work. Still a job.
Look Sharp/Trade Tight
  • #1,707
  • May 17, 2017 9:59pm May 17, 2017 9:59pm
Quoting PayTheLimit
{quote} Yea, but you still get up early, get on the train, and go to work. Still a job.
It's a job with no boss other than your self I reckon.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,708
  • May 17, 2017 10:02pm May 17, 2017 10:02pm
Quoting yousername
{quote} It's a job with no boss other than your self I reckon.
And that is being free.
  • #1,709
  • Edited 10:12pm May 17, 2017 10:02pm | Edited 10:12pm
Quoting RondaRousey
{quote} ROFL. so go to school, get good grades and then a uni education then trade and lose money ? With a regular job your income is guaranteed every day, every week every month. With trading there is no guarantee of any income. In fact are more likely to lose money. Trading is job-WHAT RUBBISH
Trading is not a real job. It's a pie in the sky, piped dream, fantasy that some work on to try to solve a real problem in heir lives. As an escape from their current condition to something they think will be better... It's total delusion.

So you hate your boss, your real job and all the crap that comes with it. Retail Forex is not the solution.
... let's see.. with a real job when shit happens in your life you can take sick days or vacation or work out something with the boss and still get paid !

Imagine in trading when shit happens and you lose all your money. There are no "sick days" you can take that will allow you to not have lost your money.
It really sucks but a "real job" is far, far better than "trading as a job"
If you must insist in trying to trade in the financial markets and especially in Retail Forex, keep your real job so that you can support your addiction to trading.
  • #1,710
  • May 17, 2017 10:07pm May 17, 2017 10:07pm
Quoting Mingary
{quote} I will add that with a real job when shit happens in your life you can take sick days or vacation or work out something with the boss and still get paid ! Imagine in trading when shit happens and you lose all your money. There are no "sick days" you can take that will allow you to not have lost your money. It really sucks but a "real job" is far, far better that "trading as a job"
Not regarding trading in particular, but self-employment in general...anybody with disposable income should have or be building an emergency fund for events like this. Hoping that your boss is going to pay you while you're in the hospital for weeks or months probably isn't the wisest financial decision. Or make sure you cover yourself with something like Aflac. Your argument isn't a good one against self-employment, and sounds like a paycheck to paycheck lifestyle.
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  • #1,711
  • May 17, 2017 10:14pm May 17, 2017 10:14pm
Quoting Mingary
{quote} Trading is not a real job. It's a pie in the sky, piped dream, fantasy that some work on to try to solve a real problem in heir lives. As an escape from their current condition to something they think will be better... It's total delusion. So you hate your boss, your real job and all the crap that comes with it. Retail Forex is not the solution. ... let's see.. with a real job when shit happens in your life you can take sick days or vacation or work out something with the boss and still get paid ! Imagine in trading when shit happens and...
I my self have a real job in trading. I have also other businesses one is luxury car rent.
https://www.facebook.com/pg/rexpremi...=page_internal
This is not investment/trading advise. Will not hold accountable for loss
  • #1,712
  • May 17, 2017 10:17pm May 17, 2017 10:17pm
Theres only one way to RETAIL trade and not one of you is even close.
Its simple but many layers.
  • #1,713
  • May 17, 2017 10:18pm May 17, 2017 10:18pm
Quoting WolGod
Theres only one way to RETAIL trade and not one of you is even close. Its simple but many layers.
Go away, took a quick look through your posts to see what you're so big headed about and turns out all of your posts are arrogant, worthless bullshit.
  • #1,714
  • May 17, 2017 10:21pm May 17, 2017 10:21pm
Quoting Kanzler
{quote} Not regarding trading in particular, but self-employment in general...anybody with disposable income should have or be building an emergency fund for events like this. Hoping that your boss is going to pay you while you're in the hospital for weeks or months probably isn't the wisest financial decision. Or make sure you cover yourself with something like Aflac. Your argument isn't a good one against self-employment, and sounds like a paycheck to paycheck lifestyle. {image}
Self employment is fine. Paycheck to paycheck is not. Trading in Retail forex is not the solution to the paycheck to paycheck hell.
There are no "self employed retail traders" that have lasted longer than the time it took them to lose all their money.
Therefore having a real job is an essential safety net.
  • #1,715
  • May 17, 2017 10:22pm May 17, 2017 10:22pm
To me trading is like a TOWER OF BABYLON.
Many people speak in different tongue causing confusion and the out come is big loss, your downfall.
But praise the Lord for His Mercy that He always show me the way out of the rat traps.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,716
  • May 17, 2017 10:26pm May 17, 2017 10:26pm
Look, maybe some things have changed since I started in the business. But the essence of what I'm suggesting hasn't. You cant get to second base while your still touching first. You want to be a trader, then be a trader. Good luck, PTL....
Look Sharp/Trade Tight
  • #1,717
  • May 17, 2017 10:31pm May 17, 2017 10:31pm
Quoting yousername
{quote} I my self have a real job in trading. I have also other businesses one is luxury car rent. https://www.facebook.com/pg/rexpremi...=page_internal
You can call it a "real Job" if you want, but apparently that is not all you do.
Therefore you don't have to rely 100 % on the trading for your source of income... very wise (;
  • #1,718
  • May 17, 2017 10:33pm May 17, 2017 10:33pm
Quoting Mingary
{quote} You can call it a "real Job" if you want, but apparently that is not all you do. Therefore you don't have to rely 100 % on the trading for your source of income... very wise (;
Amen brotha
This is not investment/trading advise. Will not hold accountable for loss
  • #1,719
  • May 17, 2017 11:09pm May 17, 2017 11:09pm
Quoting Kanzler
{quote} Go away, took a quick look through your posts to see what you're so big headed about and turns out all of your posts are arrogant, worthless bullshit.
Lol enjoy losing son
in a couple of years ill send you proof of millions while youre still looking for the "holy grail" here on FF
  • #1,720
  • May 17, 2017 11:31pm May 17, 2017 11:31pm
I totally agree with keep clean, trading is a business that needs to be mastered, and mastering a strategy takes lots of discipline... you need to understand charting pattern and also watch out for consistence pattern since history repeat itself.

I have been dealing with emotional trading and I seems to have fund a simple Technic that will help overcome losses

Steps

1. Reduce your leverage to 1:50
2. watch out for recognizable patterns
3. Follow the trends
4. try and recognise breaks in trend pattern...
5. Reduce entry volums...

follow this simple steps and you will be successful in building a successful trading pattern

Cheers...
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