Following bad traders as a strategy | Page 2 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

100% bad luck or bad timing? 26 replies

"good traders trade, bad traders teach" 247 replies

Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders) 67 replies

Looking for a trend following/intraday strategy 4 replies

metatrader- bad backtesting or bad broker quotations? 0 replies

Following bad traders as a strategy

  • #21
  • Jul 31, 2017 11:04am Jul 31, 2017 11:04am
Quoting aaven
{quote} Hilmy, What characteristic of your trading enables you to beat the crowd using their own signals? Thanks
knowing the fair value of the commodity that i'm trading gives me that slight advantage i have over most people here. I don't call it an "edge" since the information is available, it's an advantage, cause >50% of traders don't use it. Hence i can trade the same signals and make money and they lose.
  • #22
  • Jul 31, 2017 12:20pm Jul 31, 2017 12:20pm
Quoting hilmy83
{quote} knowing the fair value of the commodity that i'm trading gives me that slight advantage i have over most people here. I don't call it an "edge" since the information is available, it's an advantage, cause >50% of traders don't use it. Hence i can trade the same signals and make money and they lose.
Thanks Hilmy...
  • #23
  • Aug 1, 2017 6:50am Aug 1, 2017 6:50am
Quoting PatronDforex
{quote} They will also be very much exposed to the market. Which of course, makes the broker prone to going under water by "black swan" events. I am a firm believer that all of us are trading against the machine instead of with it. That being said, no one is a real winner in forex.
Black swan events happen relatively rarely, so I'd say that brokers are a bit more winning than the average amateur trader.
  • #24
  • Aug 1, 2017 2:21pm Aug 1, 2017 2:21pm
Quoting BrendanHigg
This is the tricky way to learn forex trading and make yourself skillful and strategic. Following bad trader or who are trading badly is one of the good track to go on. By watching over them you can be cautious and do not make the same mistake or you will not take the same step what they took. You can find out the gap and then you can figure out how to make your trades successful.
Thank you for your nice post. Something got new especial message not was as usual.
  • #25
  • Aug 1, 2017 3:37pm Aug 1, 2017 3:37pm
If anyone willing to follow bad trading for learning something, please follow my trading, my followers will be growing rapidly. Haa haa haa
  • #26
  • Aug 11, 2017 8:50am Aug 11, 2017 8:50am
Quoting Banet
If anyone willing to follow bad trading for learning something, please follow my trading, my followers will be growing rapidly. Haa haa haa
I often feel that way too, but I think neither of us should give up. We can improve with effort and practice.
  • #27
  • Edited 1:44pm Aug 28, 2017 4:20am | Edited 1:44pm
Hahaha. Face it. Everyone's had this idea. I remember trading consistent losers thinking I should just do the opposite of what I was planning to do!

Jokes aside. This would indeed work.... if trading well only concerned direction. The fact of the matter is trading is a culmination of two skills. There's the technical side of trading: macroeconomic research, sentimental analysis, and technical analysis. The other half, is personal psychology: discipline to follow personally established rules and emotional control/restraint.

A horrible trader may not just be horrible simply because he/she put in a buy order at the daily high, when he/she should've put a sell. He/she may be horrible because they buy/sell in the middle of a move and get shaken out of a position. He/she might've moved the stop loss too aggressively and puked the trade. The trade might not have been held long enough. (Buying/selling in a flat market, then closing the trader, only to see price later prove that the trade was correct.)

Trading in the right direction is just one component of a trade (an important one nonetheless). Trade management and patience are elements of trading that can be mishandled.

Who knows why a particle trader is trading horrible? Many elements to consider.
An eternal student.
  • #28
  • Aug 29, 2017 6:03am Aug 29, 2017 6:03am
Quoting mlawson71
{quote} I often feel that way too, but I think neither of us should give up. We can improve with effort and practice.
but after having a great loss it is quite difficult to keep motivation especially for the newcomers. As a result 90% are loser . that’s why we have to always focus on practice and patience.
  • #29
  • Last Post: Aug 29, 2017 8:23am Aug 29, 2017 8:23am
Quoting BenDunk
{quote} but after having a great loss it is quite difficult to keep motivation especially for the newcomers. As a result 90% are loser . that’s why we have to always focus on practice and patience.
True. Big losses are very disheartening, regardless of one's level of experience, if you ask me. Though newbies are probably even less equipped emotionally to deal with them.
0 traders viewing now