- Search Metals Mine
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AlastorFate replied Jul 27, 2018How hard could it be to place a bet/trade? I would say the unhealthy desire to win/be right/unwillingness to lose, is one of the causes for downfall of most traders. It is not trading that is difficult. It is the traders themselves who are making ...
Is trading really that hard?
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AlastorFate replied Jul 27, 2018Okay, I am a bit confused. Aren't traders somewhat free to post whatever they want in Trading Journals? His thread isn't in the 'Commercial' or the 'Trading System' section. Doesn't he have the right to post charts, and post self complimentary ...
(binned per thread starter's request)Fractal Freak's Not So Fra
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AlastorFate replied Jul 27, 2018Any tips on maximizing profits while keeping the risk manageable? I am talking about capturing 100 to 300 worth of pip move, for swing trading positions. Lately, I have been scaling out of winning positions to reduce risk. But I feel it is also ...
A Newbie Journey To Financial Freedom
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AlastorFate replied Jul 27, 2018Who are the members currently in this contest?
Verbal diarrhea matches trading skills?
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AlastorFate replied Jul 26, 2018Teaching trading is 1000 times more profitable than trading at a retail level. Make sure you get paid for it!
I plan to quit forex!
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AlastorFate replied Jul 26, 201899.9% of retail traders will never ever get to be consistently profitable in trading
How many years to become profitable?
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AlastorFate replied Jul 26, 2018Think in terms in percentage returns (and drawdown) Never ever set/force monetary profit targets. One shouldn't force profits if one's trading performance happens to go down for whatever reason. Having losing days/weeks/months is possible in good ...
Why 99% of traders lose money
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AlastorFate replied Jul 26, 2018Pointless to use my T.E. as verification. It's a losing trader's account. I agree with your points actually, except.. impossible -> That possibility is 1% or less than that. And that 1%(or less) trades at extraordinary level.
Price Action, Indicators, Naked & Martingale Long Run
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AlastorFate replied Jul 26, 2018You have every right not to disclose your P&L. Traders/members who make contribution with good threads/posts like yours, especially with a large following (like yours), often get harassed to produce proof of profitability. This sadly seems to happen ...
Pivot Hysteria
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AlastorFate replied Jul 26, 2018If you think about it this way. Most self-employed career based fields have very high failure rate. Just happen that Forex trading falls somewhat into this category as well. I would have been facing the same (actually it's worse) challenge if I am ...
Price Action, Indicators, Naked & Martingale Long Run
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AlastorFate replied Jul 25, 2018You haven't quite explain 'be wary of trading without a stop loss' I need to add in an important point. The ability to get the overall direction right is crucial i.e. predicting the overall direction of the market movement. To sum up Requisites for ...
All Majors Only- No stop group
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AlastorFate replied Jul 25, 20181. Make sure if you have an Edge 2. Identify (and learn to debunk) B.S. [on trading forums (like F.F.), youtube, media, trading books]
the most important things in forex
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AlastorFate replied Jul 25, 2018If you get high return, from putting up with insane amount of risk, it is terrible trading.
What do you think about this result?
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AlastorFate replied Jul 25, 2018I think I kinda get what you are driving at. Can you give an example to explain your reasoning?
All Majors Only- No stop group
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AlastorFate replied Jul 24, 2018Losses are also taken with stop loss orders. 'Small losses' can add up to substantial amount as well, often enough to incur huge drawdown, and account destruction if it gets bad enough. Of course, using really small position can reduce the impact of ...
All Majors Only- No stop group
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AlastorFate replied Jul 24, 2018I totally understand that painful transition period. Was really naïve when I started out, learnt all the wrong stuffs. So much wasted time and money. Jumped from system to system, read most of the best selling trading books I could get my hand on, ...
Stop Loss or Hedge It?
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AlastorFate replied Jul 24, 2018Agreed, keeping loss small is important in order to get decent R:R. There are many ways to approach losing positions as I have mentioned. In my opinion, taking full stop loss would mean subjecting one's account to maximum damage unnecessarily when ...
Stop Loss or Hedge It?