Lol, yeah that's sad, but true.

News Avoidance

That makes more sense now. If I decide to do any historical testing, it all has to be done by hand and I can only use so many instances because of that. I am a discretionary trader, so my strategy cannot be programmed. This is why I have ...

News Avoidance

I'll start it off. My goal over the next 5 years is to reach $1 million in trading profits.

What are your future financial goals?

Discipline takes practice. It's like with anything; the more you do it the easier it becomes over time. Think starting a new diet or workout routine.

How to Become Emotionless

That's the key right there...As long as you avoid that, you should be able to have a positive expectancy. It doesn't guarantee anything but you need at least that to feel confident that there is good chance of a positive outcome.

News Avoidance

I kind of disagree with this part of your statement. I think you can have an edge using only probabilities. That's what quant traders do. They don't focus on pretty chart patterns to gain their edge. As @GuyBaker mentioned above, they use countless ...

News Avoidance

Exactly. 1% is an arbitrary number. How much you risk should depend on your system drawdown expectancy and your personal appetite for risk. Most beginners have no clue about either.

Top Reasons Why Most Beginner Traders Fail

I think I can speak on this thread. I believe it's not having enough confidence in their strategy. That's why traders go from strategy to strategy, because they are not sure whether their strategy really has an edge or not. It may look like it does ...

Top Reasons Why Most Beginner Traders Fail

Ugh..don't remind me about the CAD...I was short EUR/CAD and got out early right before the news and it continued trending....I still made a nice profit of 65 pips , but I would have made 147 pips smh...and yeah I agree. Avoid NFP like the plague.

News Avoidance

That's for the news trading thread lol. This is one is all about trader's who run from news. Sounds like you thrive with trading it haha

News Avoidance

I see what you mean. I plan to start tracking what if trades around news time and see if it impacts me favorably more so than not. I definitely agree with you that trading is a game of probability. That's why I love it. I come from a math background ...

News Avoidance

It's funny you mention that because I actually would have been better off staying in my trade today. It would have hit my target immediately, but instead I exited. I have always debated which would be a better approach, but I have never tracked what ...

News Avoidance

I've heard of a technical study that called for a concept of cycle brackets. Maybe you might want to look that up and see more what it's about. From what I understand it involves finding a cycle and then using a technical overlay with brackets to ...

(binned per thread starter’s request) Forex Specific Time Cycles

Yup, you got it. To your point, even though it is difficult, you are in the best position to succeed right now by having no spouse or children. The moment you introduce the kind of uncertainty that comes along with doing this for a living, most ...

Do you find it hard to stay motivated?

Yes exactly like that! Thank you!!!

Pip Value EA/Plugin for MT4?

We cannot be emotionless. We are all human beings. We can be disciplined, however. Mind over matter.

How to Become Emotionless

That's exactly true. That's the reason I lost my marriage. It is a lonely road. There's no one to talk to that gets it. That's why these forums exist. That's also why I would advise people that are serious about this as a career full time to do it ...

Do you find it hard to stay motivated?

I have sacrificed everything to pursue full time trading as career. It's consumed my life. That's enough to keep me going. That includes my marriage, my job, my health, and sanity. Once you've given up all of that, there's really no turning back. If ...

Do you find it hard to stay motivated?