Can YOU make money as a trader? | Page 24 | Metals Mine

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Can YOU make money as a trader?

  • #462
  • Feb 20, 2018 5:18pm Feb 20, 2018 5:18pm
Quoting dukas_trader
{quote} thats your problem: - when you say "if you have an edge you cannot lose", your edge only say, when you did this in history , you could not lose (and even this you need to really backtest correct, its not for sure with what you present here, this extrem basic first class strategy really anyone tried already)! in future you can only manage your risk by this and see how it will work, this you need to learn and you will learn when you start trading. - i did not say you have no edge with your methode, i did say its very small, much much smaller...
you do not get my message, i tell you what i am going to do and the day after i do it. lol

I do not actually have an edge but i reduce my odds/probabilities...

i think you too are looking for something for nothing... Just because people have done this a billion times means nothing, they place a trade then either win or lose, I lose then go onto the second part of the trade, just like a machine ..

Do not bother to answer as you are becoming irritating......... you either trade or stay in Disney Land
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #463
  • Feb 20, 2018 5:18pm Feb 20, 2018 5:18pm
This thread has gone from talking about trading to measuring dicks. How boring! I don't believe anything I see re: TE's etc. If it can be faked, i ignore it. Howevet, you can't fake a chart with your daily plan, and follow on contemporanious charts showing your trades, posted as close to the actual trade as humanly possible. Very few here have done that. If all you guys are going to do is talk shit and this highly fakable crap, or, like a few, continue your fraudulent fakery without ever taking about trading, then I'm outta here. How sad this has become.
  • #465
  • Feb 20, 2018 5:31pm Feb 20, 2018 5:31pm
Quoting GDR3k
{quote} https://www.myfxbook.com/members/_GDR3k_/gdr/2414552
Nothing to say, the numbers speak for themselves. Good job
POW!
  • #466
  • Edited 7:28pm Feb 20, 2018 7:01pm | Edited 7:28pm
Quoting fxprimate
{quote} Nothing to say, the numbers speak for themselves. Good job
Cheers, only trying to show it can be done provided you know what you're doing.

Only started that account about 2 weeks ago and over 1000%+ up, the trades are copied from my main account except the risk per position is considerably more than what is deemed 'normal', fuck that 'normal' noise though, it basically shows if you know when to enter and exit, the money is there regardless of risk. Most consecutive losses are 3 and most wins in a row is 12.

What's the con? I trade mostly...as in 99% of the time off the 1minute, 2minute and 5minute time frames off the Dowjones stock index, the other 1% is gbpjpy and euraud pairs.

The biggest and best advice? wait for candle close and only then enter on candle close, provided you know price action in the first place.
  • #467
  • Feb 20, 2018 7:05pm Feb 20, 2018 7:05pm
Quoting GDR3k
{quote} Cheers, only trying to show it can be done provided you know what you're doing. Only started that account about 2 weeks ago and over 1000%+ up, the trades are copied from my main account except the risk per position is considerably more than what is deemed 'normal', fuck that 'normal' noise though, it basically shows if you know when to enter and exit, the money is there regardless of risk. Most consecutive losses are 3 and most wins in a row is 12.
that is good, and so true
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #468
  • Feb 20, 2018 8:57pm Feb 20, 2018 8:57pm
Quoting dukas_trader
{quote} but this thread is not about trades in generall.
No, you are wrong (and you misspelled general). The OP would like to add in some of what I am suggesting. Less crap about the nothingness and dick sizing that's been going on recently, and more on trading.
  • #469
  • Feb 20, 2018 9:26pm Feb 20, 2018 9:26pm
Quoting GEfx
{quote} No, you are wrong (and you misspelled general). The OP would like to add in some of what I am suggesting. Less crap about the nothingness and dick sizing that's been going on recently, and more on trading.
Absolutely agree. Since I scalp to absolute death on the small TF, I'm literally fixated on the chart from NY open entering long/short on any given opportunity, headphones on with chilled music, total focus on the charts as entry opportunities happen over and over, the hardest thing is pulling the trigger on a trade where you can win or lose hundreds in under a minute.

once you get into that mental zone of entering, taking profit, cutting losing trades, the odd one hitting your SL and entering again after taking a loss or after the 4th win, do it emotionless as end of the day you know you'll come out on top - without that confidence of being able to pull that trigger, especially once the lot sizes go up, you may as well piss in to the wind.
  • #471
  • Feb 21, 2018 4:35am Feb 21, 2018 4:35am
Quoting GDR3k
{quote} Cheers, only trying to show it can be done provided you know what you're doing. Only started that account about 2 weeks ago and over 1000%+ up, the trades are copied from my main account except the risk per position is considerably more than what is deemed 'normal', fuck that 'normal' noise though, it basically shows if you know when to enter and exit, the money is there regardless of risk. Most consecutive losses are 3 and most wins in a row is 12. What's the con? I trade mostly...as in 99% of the time off the 1minute, 2minute and 5minute...
Yes, confidence is all ... and it comes with discipline and practice.

I´m trading in 5m and 1m also with PA only.
I was used to trade with two indicators.

Still with many error but ... I´m building confidence in a slow journey.
Who knows someday I can also grow my account with a percentage of 4 digits

Cheers
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POW!
  • #472
  • Feb 21, 2018 4:38am Feb 21, 2018 4:38am
[quote=fxprimate;10799794]{quote} Yes, confidence is all ... and it comes with discipline and practice. I´m trading in 5m and 1m also with PA only. I was used to trade with two indicators. Still with many error but ... I´m building confidence in a slow journey.

you have the right mindset, discipline and practise..
trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #473
  • Feb 21, 2018 4:45am Feb 21, 2018 4:45am
[quote=billytt;10799805]
Quoting fxprimate
{quote} Yes, confidence is all ... and it comes with discipline and practice. I´m trading in 5m and 1m also with PA only. I was used to trade with two indicators. Still with many error but ... I´m building confidence in a slow journey. you have the right mindset, discipline and practise.. trade well
I still have a lot to polish, but thank you.
Green pips
POW!
  • #474
  • Feb 21, 2018 8:34am Feb 21, 2018 8:34am
Quoting M3d
{quote} sorry I am trading only eu, have 14 charts on my screen all the time with dxy was short eu on london, than ny reversed on heavily buying opressure, so ATM looking to short with tight stop, possibly to daily demand...than PA will reveal more..ideally looking to short 1,1252/1.1253x area, if price reaches one level before the other will be looking to long from 1.23 area, hopes that helps..waiting london close now to reveal more evidence also, daily adr for me was reached so london might offer profit taking and continuation until ny close...
game plan I said on monday here, shorting 3 days, and than long...from 1.23 area as planned in advance..how I place trades is my business only

...
  • #475
  • Feb 21, 2018 9:10am Feb 21, 2018 9:10am
Quoting dukas_trader
{quote} but this thread is not about trades in generall. why not open a own thread with exactly this? and many people who want expose their systems and speak with each other over any trade, and show charts or whatever to your rule you have in this thread.
Dukas - The thread is "Can YOU make it as a trader?" Not can you CONVINCE someone else that you made it as a trader. I started this thread to help traders who are either beginners, or, having problems with trading and are not profitable. Everyone here knows how you are awesome trader and making bank already. No need to for you to continue to post here.
Ecclesiastes 1:9
  • #476
  • Feb 21, 2018 9:16am Feb 21, 2018 9:16am
Quoting fxprimate
{quote} Yes, confidence is all ... and it comes with discipline and practice. I´m trading in 5m and 1m also with PA only. I was used to trade with two indicators. Still with many error but ... I´m building confidence in a slow journey. Who knows someday I can also grow my account with a percentage of 4 digits Cheers {image}
What’s the age of this attached account?
  • #477
  • Feb 21, 2018 9:54am Feb 21, 2018 9:54am
Here s a bit of forum wisdom, I am quoting from actor Bill Murrey:

"It’s hard to win an argument with a smart person, but it’s damn near impossible to win an argument with a stupid person."

From this day forward, always remember to never argue with a stupid person because the other person might be doing the same.

Back early on, I was saying you need to trade the style that best fits your personality. I am going to go another level.

If your personality is to like to be right and feel down if you are wrong, you can still make it as a trader. You should be scalping, 10 pips maybe 15 tops. You can be successful if you drill it into your hard head that taking small losses is ok, part of doing business like shrinkage is to a retailer.

If you personality is go with the flow, get along with everyone, you should be trend trading. You will have hard time scalping in the rough and tough world of taking many trades per day, switching sides by trading both shorts and longs in same day.

More to come on the mindset after FOMC.
Ecclesiastes 1:9
  • #478
  • Feb 21, 2018 10:28am Feb 21, 2018 10:28am
Quoting newbegger
Here s a bit of forum wisdom, I am quoting from actor Bill Murrey: "It’s hard to win an argument with a smart person, but it’s damn near impossible to win an argument with a stupid person." From this day forward, always remember to never argue with a stupid person because the other person might be doing the same. Back early on, I was saying you need to trade the style that best fits your personality. I am going to go another level. If your personality is to like to be right and feel down if you are wrong, you can still make it as a trader. You should...
I really like your post and would like to add again what is really important in this business. Knowledge. How you get it, also depends on your personality.

...
  • #479
  • Feb 21, 2018 10:53am Feb 21, 2018 10:53am
I really wasn't sure if I could make money trading. It took me an obscene number of years and I'd like to regret that, but I can't because that's just what it took for me.

But I just executed THE trade. The one that makes me a trader now. It was pretty hard to hold on to and I didn't post it here, I was kind of busy typing out notes on screen shots every 30 seconds about how I felt, what I thought, concepts, correlations, reviewing exactly what strategies applied at the moment, but also fighting the urge to kill it about 20 times and convincing myself that if I dumped out of this trade, then I may as well totally quit trading forever because this is the one, and this is trading, and this is how it's going to be if I decide to continue trading. So I held and gained a personal best in many ways not just the $55.
big money makes big moves and then hides during small money chasing.
  • #480
  • Feb 21, 2018 11:02am Feb 21, 2018 11:02am
[quote=newbegger;10801135]Here s a bit of forum wisdom, I am quoting from actor Bill Murrey: "It’s hard to win an argument with a smart person, but it’s damn near impossible to win an argument with a stupid person." From this day forward, always remember to never argue with a stupid person because the other person might be doing the same. Back early on, I was saying you need to trade the style that best fits your personalit


Quite correct statement, we do have lots of stupid here on FF, i look at the majority of them and call them FF Traders....

i remember one of my friends saying her father whilst at Uni did a test on the public, whereby they went to a local market and sold £20 notes for £5.( all legit notes)

NOBODY BOUGHT ANY???they all thought this does not happen...

Then we have FF,, you try telling people how a simple bar can reap benefits and and the usual response is,,OH IT HAS BEEN TRIED MILLIONS OF TIMES).

we have a thing called experience AND STATS...

simple is sometimes better....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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