Can YOU make money as a trader? | Page 34 | Metals Mine

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Can YOU make money as a trader?

  • #662
  • Feb 28, 2018 8:54am Feb 28, 2018 8:54am
Quoting newbegger
{quote} That's fine I understand. Many new traders get embarrassed when they make bad calls. If you don't tell anyone what you are doing, you don't have to account for it later.
Yeah, he tried that once. It blew up on him instantly because he cannot see bulls and bears. More power to him though.

Quoting Spreadbetter
Note to self; turn down tw@t magnet, you're attracting them like the Pied Piper and rats. {quote}
It actually proves the point that trading psychology, even with automation, is real. You just saw it for yourself.
If you are good at something, never do it for free--Joker
  • #663
  • Feb 28, 2018 9:03am Feb 28, 2018 9:03am
If we are still talking about 'Can I make money as a trader?'... I'd say we all can. But the question is how long?
  • #664
  • Feb 28, 2018 9:05am Feb 28, 2018 9:05am
for those that say indicators do not work because they only show what the market did ( i agree), not what it will do )not necessarily) i suppose they have not learned WHAT they CAN show. I adjust the few i use to show what I need to see. Of course i am a scalper that trades a few times a day for 12 pip each time. i know where order levels are likely to be AND those are there because large traders have used historical levels to place them so really they are using price levels historically which is an indicator of sorts then too. I have not automated what i do (is that a rule for success?) but i do trade live in front of a group on skype using my system and they get to see the results live, in the moment.

Before i get a bunch of crap for that or requests to be in the group, do not bother. No i never charged them for my system, Yes they see my posted results and yes they see me live on a chart and yes some have been to my home and traded live with me here as well. I do not bother with posting results on FF because these are mostly people that do not trade or believe they can trade and make a good living. I rarely even post anything on FF because most people are not looking for info. They are looking to be told when to trade or they are the types that like to post for self-aggrandization.

I think the discussion needs to be about understanding what the indi was designed to show and learning IF it can be adapted to show what a trader wants to know. I have traded for 8 year and make a very good living from it by doing exactly that. I get so tired of people that just are so negative about things and refuse to believe that any way but theirs is wrong.

I enjoy reading SOME posts/threads on FF when there is no trade for me (as now) but I do not listen to naysayers that just harp on what they do as though they are the gods of trading. I do wish them well but their thoughts are of no interest to me.

So go ahead, hit on this as i know you will, but realize i am gone and not reading your useless tirades. THIS was my little tirade.
I am happily trading in my own fun life of retirement.
  • #666
  • Feb 28, 2018 9:27am Feb 28, 2018 9:27am
Quoting billytt
{quote} lot size is irrelevant as you need %%%% gain.... study using a small lot size and look at %%% gain.
I couldn't agree more. % gain is the key number to look at in regards to account growth/loss. If one can consistently make 10 percent of $100, they can consistently make 10 percent of $1M (assuming that they keep their emotions in check, which is the hardest part).

Unfortunately I feel that many people look strictly at the $ amount they are making/loosing and forget about the percentage that they are up/down.

A person can reason "I'm only down $30. That's not a big loss because that's not a lot of money." But if you have a $100 account, that's a 30% draw down. So compared to the account size, it is a big loss. On the other hand they could reason "I only made $30 for the month, that is 'nothing'." But compared to the account size that is an awesome return.

I agree that measuring trading success/failure through % is more accurate than $ amount.
  • #667
  • Feb 28, 2018 9:41am Feb 28, 2018 9:41am
Hey pipps , I agree with you 100%. I do not make a boatload of pips per day but I am happy with my small handful of pips. I am well beyond retirement age but I enjoy my work and as long as I'm able to I will keep doing that. Trading Forex is sort of like a "full-time" hobby. And as long as I'm able to trade and to make a few pips a day and keep growing in that direction I will keep doing it.

Keep on going pipps and it doesn't make any difference what anyone else says.
  • #668
  • Edited 10:01am Feb 28, 2018 9:42am | Edited 10:01am
Quoting pipps
for those that say indicators do not work because they only show what the market did ( i agree), not what it will do )not necessarily) i suppose they have not learned WHAT they CAN show. I adjust the few i use to show what I need to see. Of course i am a scalper that trades a few times a day for 12 pip each time. i know where order levels are likely to be AND those are there because large traders have used historical levels to place them so really they are using price levels historically which is an indicator of sorts then too. I have not automated...
His reply is Advertisement.
-
-----------------------------------------------------------------------
Quote from mister master Skype instructor pip

"i think we are nicely contained in the red channel so a possible double bottom, and if that is broken then we will stop at the lower line of the green channel going down for a bounce but i do not see 1.2200 for a while""
https://www.forexfactory.com/showthr...3#post10753073
-------------------------------------------------------------------------------------------------

eurusd is now 1.2190 whats is for while ? May I ask. how far scalper have to look.
i know his chart channell is for 1 week extension, but the reply sounds so badlly, he needs people to his skype for chat.
  • #669
  • Feb 28, 2018 10:04am Feb 28, 2018 10:04am
Quoting ezbro
{quote} I couldn't agree more. % gain is the key number to look at in regards to account growth/loss. If one can consistently make 10 percent of $100, they can consistently make 10 percent of $1M (assuming that they keep their emotions in check, which is the hardest part). Unfortunately I feel that many people look strictly at the $ amount they are making/loosing and forget about the percentage that they are up/down. A person can reason "I'm only down $30. That's not a big loss because that's not a lot of money." But if you have a $100 account,...
Thanks for that,
If every person thought that way i honestly believe they would trade better and not do risky trades.

Put £/$100 in a bank and ask for 5% interest, no chance.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #670
  • Feb 28, 2018 10:26am Feb 28, 2018 10:26am
Quoting 3litetrader
wow, so many profitable traders are in this thread!! wonder where those 90% of losers are hiding!

I wouldnt let you trade my account. even your maybe nano 1:888 lev account is +500%.
and if you let your GU position go -7%

Attached Image (click to enlarge)
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  • #671
  • Feb 28, 2018 10:30am Feb 28, 2018 10:30am
Quoting kk100
{quote} I wouldnt let you trade my account. even your maybe nano 1:888 lev account is +500%. and if you let your GU position go -7% {image}
what does is - lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #672
  • Feb 28, 2018 10:31am Feb 28, 2018 10:31am
Just thought I'd share this in here, I posted this in another thread and thought it might be helpful.
==================
Taking losses is part of the game. Making same mistake is not.

Write a "Not to-do's list and read it every morning before you open your trading platform. I have been doing this every day, even on weekends. Kind of like when athletes prepare for the game, they stretch. This is my morning mental stretch.
=================
Ecclesiastes 1:9
  • #673
  • Feb 28, 2018 10:36am Feb 28, 2018 10:36am
Quoting newbegger
Just thought I'd share this in here, I posted this in another thread and thought it might be helpful. ================== Taking losses is part of the game. Making same mistake is not. Write a "Not to-do's list and read it every morning before you open your trading platform. I have been doing this every day, even on weekends. Kind of like when athletes prepare for the game, they stretch. This is my morning mental stretch. =================
excellent thinking, i have a similar one saying, i must speak to my girl friend nicely...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #674
  • Feb 28, 2018 10:47am Feb 28, 2018 10:47am
Quoting Three
Hey pipps , I agree with you 100%. I do not make a boatload of pips per day but I am happy with my small handful of pips. I am well beyond retirement age but I enjoy my work and as long as I'm able to I will keep doing that. Trading Forex is sort of like a "full-time" hobby. And as long as I'm able to trade and to make a few pips a day and keep growing in that direction I will keep doing it. Keep on going pipps and it doesn't make any difference what anyone else says.
Hah ! - Nice to know someone is older than me :-)
every Saint has a past. Every Sinner has a Future
  • #675
  • Feb 28, 2018 10:51am Feb 28, 2018 10:51am
Oh my, oh dear god, this is reaching a peak now...

Quoting newbegger
Just thought I'd share this in here, I posted this in another thread and thought it might be helpful. ================== Taking losses is part of the game. Making same mistake is not. Write a "Not to-do's list and read it every morning before you open your trading platform. I have been doing this every day, even on weekends. Kind of like when athletes prepare for the game, they stretch. This is my morning mental stretch. =================
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #676
  • Feb 28, 2018 10:59am Feb 28, 2018 10:59am
Quoting turnip15
{quote} Hah ! - Nice to know someone is older than me :-)
Hey Mr T, you get about? You will be corrupted coming in here lol, Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #677
  • Feb 28, 2018 10:59am Feb 28, 2018 10:59am
Hey turnip15,

I'm sorry I couldn't hear what you said.
I'm a little older than that.

YOU'LL HAVE TO SPEAK LOUDER . :-)
  • #678
  • Feb 28, 2018 11:05am Feb 28, 2018 11:05am
Quoting Three
Hey turnip15, I'm sorry I couldn't hear what you said. I'm a little older than that. YOU'LL HAVE TO SPEAK LOUDER . :-)
he will have to type slower too,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #679
  • Feb 28, 2018 11:30am Feb 28, 2018 11:30am
Quoting newbegger
Just thought I'd share this in here, I posted this in another thread and thought it might be helpful. ================== Taking losses is part of the game. Making same mistake is not. Write a "Not to-do's list and read it every morning before you open your trading platform. I have been doing this every day, even on weekends. Kind of like when athletes prepare for the game, they stretch. This is my morning mental stretch. =================
I take losses allmost every day, but end of day i usually end up profit.

trying to find cheap stuff from yard sales, and then sell those in flea market small profit fast,before some whole seller come to sell same rubber ducks, cheaper.
I dont know how cheap they got those from factory hoping they price is higher and i read price range correctly from rubber duck charts, so i dont have to sell my stuff to wholeseller, cheaper than i bought.

This sounds stupid but i feel selling and buying rubber ducks, or donkey hats,balloons. and try to get small cut.
Thats why i think my inventory management is important, and lagging TA cant help me. because its allways too late.

I think retail forex is much harder than example buying/sell, YM(Dow) futures, because you can read footprint charts using example market delta(not use anymore), read tape (using ), even big contracts from ES (SP500) are split, they start showing them bigger than 50 contract junks, and those can verify your move, if you filter them well.

We are trading pretty much blind, and TA is like selling bad working delay radar for bat, which hit wall every third candle.

Sorry for teasing people in forexfactory, I am done for while FF, new months start and have to learn how to make telegram and skype channel.

Wish you all happy pips, and please listen people. Some maybe have experience in this industry long time even they don't show it , i can regonize several in this thread.
  • #680
  • Feb 28, 2018 11:31am Feb 28, 2018 11:31am
Quoting Spreadbetter
Oh my, oh dear god, this is reaching a peak now... {quote}
Spreadbitter - I was not posting this for you. You are, without a doubt, the greatest trader to ever walk the face of the earth and do not need any help. This is for people who are struggling as traders.

Now tell your mates at the pub good night and go home and sleep it off before the barkeep takes your keys. Don't you have a job to get up for in the morning????
Ecclesiastes 1:9
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