Very nice I like what you are doing. Keep going you are on to something

What I learned after losing $300,000 trading forex

You are right I really should trade futs. I traded them for a long time back when I was losing but when my funds ran low I had no choice but to switch to forex. I also have a bunch of customized tools that I am using with MT4 (that I paid a bunch of ...

What I learned after losing $300,000 trading forex

Thanks, I just found about FTMO a few weeks ago and was very surprised these even existed. I had a few problems with them so far but from all the research they "seem" to be legit. Time will tell. I will check into those other two but if they are ...

What I learned after losing $300,000 trading forex

Yes, my mentor does not wish to be known. And I am very sorry to hear of your struggles I was where you are and it is a horrible place to be. That is why I started this thread to try and help traders focus on what matters the most. Every fake ...

What I learned after losing $300,000 trading forex

You have to just do the work. Watch the levels for 60 days and design your own strategies. This thread is not about teaching you how to trade. This thread is about how I stopped the insanity of doing all the stupid things that are taught in the ...

What I learned after losing $300,000 trading forex

I do not know what you use to decide to make buy or sell decisions. Maybe you look at a pattern or a set of indicators maybe its 1 variable or 7 variables I do not know how you trade. I personally have about 5 variables that I combine to decide ...

What I learned after losing $300,000 trading forex

Whatever variables you personally use to decide to buy or sell. I obviously can not share mine in this thread as I have already stated I must respect my mentor's wishes.

What I learned after losing $300,000 trading forex

Context is KING. If I have 5 variable inputs and they are all saying LONGS and the market is at .5% do you think you should be scared? I hope not. I hope you would be thinking in this CONTEXT we could easily go to .75 or 1% right? however If I have ...

What I learned after losing $300,000 trading forex

Math sets the Framework of "Probabilities" so you know when you are wrong. Rule number 1 of becoming profitable = Money Management is by far the most important skill to learn.

What I learned after losing $300,000 trading forex

Getting back to the important subject of Dopamine and controlling Anxiety I just found this youtube channel and the advice here is brilliant and completely free. I started putting some of it to work this morning and even though I did over trade ...

What I learned after losing $300,000 trading forex

I love this quote please give me permission to use it for the rest of my life LOL btw is your username a short form for Ayn Rand? Fountainhead and Atlas Shrugged were both amazing books and helped me with my mindset for trading.

What I learned after losing $300,000 trading forex

BINGO! The only constant in all markets is CHANGE and searching for something that is repeatable without understanding the CONTEXT is like trying to force a square peg into a round hole!. Today the hole is square tomorrow triangular, the next day it ...

What I learned after losing $300,000 trading forex

I started this thread by saying... Do Not Believe Anyone in these forums. Including me. So excuse me if I do not believe a so-called "bank trader" who has time to post 25 replies in my thread all day long LOL Quite honestly I wish I could just ...

What I learned after losing $300,000 trading forex

Yeah, I see you mention this every 6 seconds why does it matter. I still think you have an ego issue you are not facing. I at least admit I have an ego issue that I am working on daily In that light and in the spirit of giving credibility to ...

What I learned after losing $300,000 trading forex

I always find it humorous when traders in chat rooms on the internet say silly things against billionaire traders. The reality is any trader that is making billions of dollars is 1000x better than us. This is another part of our EGO that needs to be ...

What I learned after losing $300,000 trading forex

So by now many of you have seen just how random day trading is but did you know that swing trading was not a heck of a lot better? Here are the weekly Frequency Distributions over a 4 year period. That is right folks this market barely moves plus or ...

What I learned after losing $300,000 trading forex

These are good questions and my advice is to create your own spreadsheets similar to the Frequency Distribution ones I have posted ^^^ . Unfortunately, I am restricted from sharing mine but it really is not that difficult it should be basic excel ...

What I learned after losing $300,000 trading forex

I have already given away the gold. Some traders will see it research it and eventually use it and others will just argue back and forth. You will notice I am not arguing with anyone. I am merely giving some guidance and tools that I personally use ...

What I learned after losing $300,000 trading forex

Beautiful someone finally gets it!! What Rover said is exactly correct. So the real question now becomes. How many retail traders know the TIME, PRICE LEVELS, and the DIRECTION of those nonrandom moves? Looking at the facts it would indicate that ...

What I learned after losing $300,000 trading forex

This thread has become filled with a bunch of egos of people's cognitive biases that feel threatened by math LOL. So congrats to you for just doing the exercise and discovering for yourself the truth. It is amazing what people can learn from just ...

What I learned after losing $300,000 trading forex