"Ah price is reaching the 50 fib so it MUST stop and reverse im in with 40%"

Last words of a trader

"I am a samuri and I sense the price is going down, time to attack!."

Last words of a trader

Still dont get the anaolgy with swordfighting, if you have proven edge all you need to do is apply it, simple. A better anology would be I have a rifle and all I have to do is pull the trigger at the right time.

Trading Clichés

True, but its also a cliche to say that 95% of traders failed is a cliche now. Ive fixed my post now.

Trading Clichés

Thats a Cliche? It's more like stating the obvious. Enjoy your sword fighting, remember dont mix up the two.

Trading Clichés

I think you are missing the point. I hate these analogies, trading and sword fighting have nothing in common, no wonder a undetermined percentage of traders fail listening to that BS.

Trading Clichés

22. "Demoing is for fags, im straight into the 1 second chart to scalp"

Last words of a trader

19. "Yeah Dad I can triple your life savings in a month, all I need to do is buy when the 50 ma crosses the 90ma and RSI is turning and the 30 min trend is up"

Last words of a trader

I don't get that one??

Last words of a trader

Thats what I like to see a method based on hard information.

Technical Analysis Fallacy

10. "10 lots is equal to 10 dollars a pip?, yeah f**k it it sounds right. BUY".

Last words of a trader

How are you sensing them? I hope its not using the force.

Technical Analysis Fallacy

8. I have a 2000 pip stop loss and 20 pip TP and up to now have had 100% hit rate on 99 trades, the holy grail!

Last words of a trader

I don't see the point of this thread. Metatrader is only good for one thing, free demo data and charting, live trading with them is for newbie account liquidation. Instead of crying about it just change brokers.

NEW MT5 Seriously Stuffed For Traders Platform

Aghhhhhhh, cliche alert.

Do you still believe in the perfect trading system?

Yeah, can't believe people risk that much and are comfortable.

How Much Do You Risk Per Trade?

It is true that I am still developing, at the moment I am studying economics and market microstructure, I wouldn't feel all of the time I invest was worth it with those returns. I'm not saying its the only way, just for me. BTW I am talking from the ...

Do you still believe in the perfect trading system?

I agree with you, 20% is too high, but I also don't see the point in sticking to 1-2% if you have a real proven edge. Also using trailing stops or some sort of loss cutting technique means that the losses are reduced and the full risk amount is ...

How Much Do You Risk Per Trade?