People are telling you to only risk money you can lose, but that's really not the issue, is it? The issue is clearly stated, it's his ego, not the money. It's a common problem, especially if you're an American. Everything in our society primes us to ...

someone help me transition to using stops

It depends on the person. For some, risking other's money is much more preferable than risking their own money.

Does anyone trade for others?

An addition to this is to talk to yourself, out loud. As you are doing any analysis, just talk. This helps you to engage yourself as you run down your plan. "Is this level where I want to put my stop?" "No, it isn't what my plan calls for, the next ...

It's A Heart-Mind Game... Are You Ready?

Nice post, it was well written making it readable. But for all that hand-wringing, have you identified what the problem is? I see a few things you mention that could be the problem, but you need to focus. Until you clearly identify and name the ...

diary of my descent to madness...

That's a great point. Over the years I've taken lots of breaks, mainly because I had to clear my head. Again, all these theoretical posts are based on week after week, month after month of non-stop trading. I know institutional traders have to do ...

setting realistic targets

My experience is that you need to scale up the $ figure gradually. When I got my first client I went from my own $30k account to $200k account overnight. That fucked with my head for awhile. Based on a 1.5% risk I went from losing $450 per trade to ...

setting realistic targets

I wasn't agreeing or disagreeing with him or anyone else about anything. I was simply commenting on his insistence to tell others what and what not to do.

Indicators CAN work!

Well, you know then how you can tell kids what and what not to do in their best interest, yet they still like to just find out things on their own. This is something we really never outgrow, we just learn to modify it to the point where we try not ...

Indicators CAN work!

That's true...a 1% risk is the same no matter what amount you start with. But I contend that most people just spout lots of stuff they perceive as conventional wisdom without experiencing it themself. Trust me on this...when your 1% is worth $50 ...

Do you guys find that forex trading sucks?

Ok, you're right. No doubt about it at all. You've nailed it. Now what are you going do? Go tell someone else they're wasting their time doing something? Really, if you're as wise as you want people to think, you should know that you're pissing in ...

Do you guys find that forex trading sucks?

Do you have kids?

Indicators CAN work!

Don't tell me that, tell Roger.

lots of wolves, sheep and pigs

"You have to be trusted by the people that you lie to So that when they turn their backs on you You'll get the chance to put the knife in"

lots of wolves, sheep and pigs

I had a mentor years ago, (I've talked about him here in posts from a few years ago) who told me right up front that he could not make me into a successful trader, but he could show me how I could make myself into one. There's a huge distinction ...

lots of wolves, sheep and pigs

To get girls.

Why do you Trade Forex?

No Shit. I wrote that it's basic NLP and not one person even asked what that is. I know most don't know what it is, yet no one displayed any curiosity about it, at least not in this thread. I guess because most of the world now thinks and operates ...

What most newbies must go through when trading Forex

You have to clarify your question a bit.

How do you distinguish a retracement from a trend reversal?

The only times that are important to me are when all the banks start and stop trading. Oh, and when they go to lunch is important as well.

Illusion of Time(frames)

Here's the 4 hour. It's a second test of that area. I think first touches are the only ones to trade, but that's my opinion.

B.S. Trading with Kenneth Lee

This a totally invalid analogy. It shouldn't take much thinking to understand why.

Your Toughest Problem in FX Trading