Is your stop based on the dollar amount you're prepared to risk or is it based on market analysis? -

My Story, Need Advice

You too Dan, we're off to one of those city farms in a little while, go and pat a few sheep! Hanover, I'm happy to discuss anything you like.

My Story, Need Advice

Sorry, when did I ever state direction is unpredictable? The point I was making was that trying to predict direction is unreliable, it doesn't provide any sort of reliably exploitable 'edge' in my opinion, it's results are going to be mediocre at ...

My Story, Need Advice

Oh I don't know, I think they were pertinent questions and on-topic, the OP seems to be having problems managing his trades. but if you don't want to answer that's ok.

My Story, Need Advice

lol, I can never understand why some people feel the need to say things like this But that aside, from your previous posts Hedginghog would I be right in assuming you're another proponent of the "predicting direction comes first" mentality? If ...

My Story, Need Advice

6th sense about what, direction? Like I mentioned in a previous post most traders seem to have a fixation with predicting direction and they obsessively spend all their time and energy on it. Take a look at the number of people in the Interactive ...

My Story, Need Advice

Oh no, sorry, it wasn't Soros who said about the 80/20, I added that bit, Soros's quote was "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.". I'd agree ...

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A few different ones, CMC Markets in the UK as a bucketshop, a currenex broker in the US, as well as a couple of spreadbet companies also in UK, but not all at the same time!

My Story, Need Advice

hehe, he's a smoothie! Yep, mine too, after what seemed like an impossible task of ever finding something to reliably predict it was like a revelation, everything got a heck of a lot simpler from then on. I can't even remember what triggered it, ...

My Story, Need Advice

You're female, right, otherwise Houston we have a problem!

My Story, Need Advice

LOL, there's comes a point when you've just got to say to heck with it, it's not my money they're spending! Horse, lead, water and all that stuff!

My Story, Need Advice

Yeah sorry about that, I didn't mean to single you out, I was having a bad day! But to answer your question, I think Soros said it best in the quote in my signature. My personal opinion is that the reason the majority of traders lose money is ...

My Story, Need Advice

lol, you could be right, we might be past the point of no return, a lost cause! Ah it just gets me pissed, and some of it is so blatantly obvious nonsense yet it's being repeated and quoted parrot fashion. I suppose it's reassuring in a way, these ...

My Story, Need Advice

Repeating it doesn't make it true! Give us an example of some of these "far superior, & intangible reasons/motivations than money", unless you're just another one who's full of it!

My Story, Need Advice

OMG, enough already! Money management and risk:reward are certainly not BS or unimportant, and no the most important thing isn't more winning trades than losing trades! Seriously, what planet are some of you guys on? The numbers in eagle-4x's post ...

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Oh boy.....and the hits just keep on comin'

My Story, Need Advice

You mean this guy? image

My Story, Need Advice

In trading? Really? I thought every traders prime motivation was money, the more the better, why else would anyone trade? The social life, the camaraderie, the team spirit, or the enjoyment one gets from watching price going up and down on a chart? ...

My Story, Need Advice

Great story, I hadn't heard it before!

New study shows only 1% of traders are consistently successful

What assumption? What, that 99% of the advice comes from people who haven't made a cent from trading themselves? I would say it's probably about right, either that or just out of trading nappies, some of the authoritative-sounding statements people ...

My Story, Need Advice