I don't like to be overexposed to too much USD. I had 4 USD pairs that all signaled trades for me all around the same time of the morning within 10 mins of each other. I don't mind 2 pairs but 4 is a bit too much. I also had an EJ trade working. ...

What I learned after losing $300,000 trading forex

Today was a sh!t show for me I over traded like complete Numpty I find Monday mornings tend to be days when I do this more than other days probably because I am just out of practice from the weekend. To combat this I ...

What I learned after losing $300,000 trading forex

There you go! That is the right way to think. Does it mean you are always going to be right and make money? Hell no but you are successfully building probabilities into YOUR trading style. That was not so hard now was it guys? I did not have to ...

What I learned after losing $300,000 trading forex

Quants are the future. Welcome back

What I learned after losing $300,000 trading forex

I will try and answer this because I see you are genuinely trying to understand the use of this. IF I was using the levels as exact support and resistance for entries you would be right you would want to know precisely the percentages but because I ...

What I learned after losing $300,000 trading forex

You are correct it is 67 and 68% on the AUD (I was tired when I wrote that post and I rarely trade the AUD) but you still seem to be missing the most important part of what I have been saying. I told you I was generalizing when I said 85% of the ...

What I learned after losing $300,000 trading forex

I have almost completed the FTMO challenge and I will post my final screenshot when I do. I only do this to help motivate struggling traders but I will be honest there is definitely a dopamine rush in doing this. I am not sure yet if that is a good ...

What I learned after losing $300,000 trading forex

Thank you!. I don't know how many times I have to repeat these points. It is getting tedious so I appreciate your response. I think it will help people to think of Statistical Analysis like being in a relationship. At least that is the way I think ...

What I learned after losing $300,000 trading forex

In regards to the discussion on the AUD above I never said every pair is 85% I said you had to do each pair separately because they all have their own characteristics. 85% is just a generalization for discussion purposes. Here are the AUD current ...

What I learned after losing $300,000 trading forex

You are doing well but please keep in mind the levels are not support and resistance. Trying to use them as such might work for a while but eventually, you will get burned badly. The levels are just a frame to give you the context of "possibilities" ...

What I learned after losing $300,000 trading forex

I blocked this guy. He clearly is just a Numpty. Let me be perfectly clear. All institutions use the kelly criterion. It is so important it is programmed directly into their platforms.

What I learned after losing $300,000 trading forex

This is what a Kelly Criterion Spreadsheet should look like. It should adjust your trade size based on your previous trades results. The basics = When you are losing trades trade smaller, when you are winning trades trade bigger but it must be done ...

What I learned after losing $300,000 trading forex

Perfect

What I learned after losing $300,000 trading forex

To be honest I would just prefer this thread dies completely. I shared everything that I have to share and the only thing left that I feel is important to share is just my final results from the challenge when I complete it. The only reason I will ...

What I learned after losing $300,000 trading forex

Sorry, my friend, I have tried to help you but my efforts stop here. I wish you all the best and based on how you feel I would highly advise you to just stop trading. If what you are saying is your reality then there is no point continuing to ...

What I learned after losing $300,000 trading forex

It really does not matter. You are not listening to what everyone in here is telling you. The problem is only half of what you are already doing/trade decisions and the other half is bad money management skills, failure to completely understand what ...

What I learned after losing $300,000 trading forex

This is my FTMO challenge and it is a small sample size but yes there are things that can work every day. Goldman Sachs prop desk had 3 losing days last year but do you think GS is using retail patterns, structure, and indicators? they don't even ...

What I learned after losing $300,000 trading forex

You are very right about this fact but do you know why? Stocks have very different mathematical frequency distributions. This is the SNP 500 and you can see it moves much more than the forex distributions. Some stocks like TSLA even have average ...

What I learned after losing $300,000 trading forex

Congrats Guys ^^^ That is what I wanted this thread to be based around. Traders helping traders with the real problems we face. I have already demonstrated with facts (see the stats below) that retail traders are very capable of making profits BUT ...

What I learned after losing $300,000 trading forex

Today I was able to manage my dopamine better there were only 2 trades and I was able to wait for good entries and patiently managed the trades right. I wish I could bottle days like today but even sometimes like yesterday when you "think" you have ...

What I learned after losing $300,000 trading forex