The most important part is to take full responsibility of your own trading. Nothing technical or money management. They usually follow along when you start taking responsibility.

Top Reasons Why Most Beginner Traders Fail

The Zig-zag? One more thing, running through a monte-carlo of say 100 trades and taking 1% risk on each trade, 30% winrate, you can still end up with a loss. My point is that the frequency of trades might also play a role in your "edge"

1:1 Risk Reward Ratio

From what I know, the market distribution is often positively skewed. This means that the market often goes further than we would normally think and have less consolidation days. Adding to your winners and cutting your losing trades is still a good ...

1:1 Risk Reward Ratio

Work on your mindset and risk management. For technical things, letting your winners run and cut your losers seems to be working very well. Seems to be one of the key issues 95% of all retail traders have.

what is the basic thing that we should know???

You are spot on!!

New Martingale EA (logic like Mathtrader EA)

There is one option missing: mindset and taking responsibility of your own trading. You can have the best strategy in the world, and it won't mean a thing if your mindset ruins the strategy with bad money management for example. Some would say that ...

Why do 95% of traders lose?

Mlawson71, I agree. One can have a perfect strategy that would make money in the long run, but fail to follow the strategy because of the traders mindset. If I had to choose what comes first, mindset or strategy? I would say mindset, and then ...

Emotions (money management)

I think the best system out there, is what fit's your beliefs about the market. You don't have to create everything from scratch, take bits and pieces from different strategies and create your own. But first you must ask yourself what you see, when ...

The Most Profitable and Accurate System!? - All Welcome

Isn't moving averages already a sum of what price has been in the past, which means, that if you use higher timeframes and moving averages, it showing the same thing? As long your system is profitable, it doesn't matter

Discussion about multiple time frames and indicators

1 timeframe. Reason: Using higher timeframes is just price more compressed than the chart you had before. Price is the same :-)

Discussion about multiple time frames and indicators

It is naturally to feel bad when you lose money or have many losing trades in a row. But if you keep denying your emotions (because you were told that you need to trade without emotions), then the emotions will amplify and might cause you to ...

Emotions (money management)

Kanzler, I know we might not agree on this, but to me Technical Analysis is kind of voodoo to me. The reason why, is that you are trying to predict something based on the past, to continue in the future. Humans are very good at seeing patterns that ...

No one can forecast the direction of a trend, it’s a paradox

Hi Kanzler, what makes a trade profitable? what happens after you enter the market. I did not mention anything about position sizing in my post and I didn't say you should let your losers run. You obviously found something that works for you, and ...

No one can forecast the direction of a trend, it’s a paradox

What determines a profitable trade is not why you buy or sell, it's when you get out. The paradox is that the entry doesn't mean a thing, because what actually makes the trade profitable, is what happens after you enter the market. And you don't ...

No one can forecast the direction of a trend, it’s a paradox

No one has never lost a $ because of emotions. If you act on your emotions, that's when you lose money.

Emotions (money management)

Even with an EA you still suffer from drawdowns. You still have the ability to turn the EA on and off, so my take on EA's is that you still leave some discretion to the trader. I have not read any academic papers on market microstructure or pay ...

why do people here like simple systems

Perhaps 80% of the trading is not about the strategy, but the mindset of a trader. If you have a profitable strategy, with less than 40% winrate, I bet people are going to struggle when hitting their SL 10 times in a row..

why do people here like simple systems

I would argue that people want to complicate their strategies too much. Adding extra indicators like it makes all the difference. If you look at strategies with too many components, they tend to be very fragile and not very robust. In backtesting ...

why do people here like simple systems

There are advantages of being a retail trader. One thing is leverage, second thing is getting out of a trade, banks has to scale in and out because of the large positions.. Most retail traders take that for granted. Second, in my very unhumble ...

Following Banks Strategy

I'm pretty sure that a profitable trade is depended on what happens after you buy or sell, not before.

Random Walk (The unbeatable!)