I'm perfectly fine with that. I didn't say that people don't make consistent money trading. There are poker players who make consistent money... just the idea that it is gambling doesn't automatically mean that you can't make money doing it. My ...

Are trading costs the main reason of losses in trading?

I completely agree with you man. After many years of believing that there was a way to predict outcome, and being frustrated over and over, I realized that for a small fish such as myself, its nothing more than a fancy gambling game with the odds ...

Are trading costs the main reason of losses in trading?

Haha I knew it! Excellent post man. Rock on!

(binned per thread starter’s request) 007 Scalping

Not saying that this isnt real... (cuz I subscribed myself) but... March 31st is the day before which day boys and girls?

(binned per thread starter’s request) 007 Scalping

Very interesting thread and conversation going on here... I really appreciate you sharing your experience and information here hanover. More traders need to empty their cups and read/absorb posts like these. In my experience, trading is a ...

Most traders fail because of no discipline!

I'll echo exactly what most traders on this thread are saying. It happens to me very often. If my analysis still points to a continuation of the move, but price keeps finding support/resistance just a hair from my profit target, I will move my stop ...

Take profit missed by a pip, What would you do?

If all wins are luck as you stated above... then all losses are luck as well... c'mon man... don't contradict yourself. I can control the outcome of my overall equity curve... not of any single trades outcome, but I can control the parameters of ...

Trading is like a 200mph car race, little mistake allowed

Actually I agree with the OP.... successful trading is not based on luck. Successful trading is totally about having discipline in following a mathematically sound plan without deviation, along with the ability to analyze and adapt to the ever ...

Trading is like a 200mph car race, little mistake allowed

Interesting point... however I've never seen it quite like that. Retail traders make up a very small percentage of FX market volume, so if someone is making good profit they don't necessarily have to be taking it from other retail traders(however ...

Are you in trouble as a trader?

Awesome thread idea cat! I know exactly what you speak of and totally support your efforts! This thread could help many people. And not just to to get sympathy, but also to directly confront the trauma that they have brought on themselves, and ...

Are you in trouble as a trader?

Then I'd buy again on a retest of the top side of the TL as support... if I got the chance. Lets see what happens!

what happens next? Price action training

Sell on this one.... but after retest of TLs.... image

what happens next? Price action training

This one would be a Long for me... image

what happens next? Price action training

Awesome thread idea!!!!

what happens next? Price action training

You are missing my point... You can NEVER guarantee a profit... you cannot control that. You can control cutting your losses... which is what stops do. If you get manipulated out of a trade once in a while, it SHOULDNT matter to your bottom line. ...

Fraud in Forex

Cut my losses shorter!

What Would You Do Differently Today for Better Trading Results?

Right, but honestly that should all be taken into account when making a proper trading plan.... this is kinda basic stuff IMO... or should be, and it doesn't create a more difficult market to profit in... just be smart and don't bet the farm on a ...

Fraud in Forex