Successful traders are very, very rare to find | Page 20 | Metals Mine

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Successful traders are very, very rare to find

  • #385
  • Sep 9, 2018 7:48pm Sep 9, 2018 7:48pm
Jeez that kid is on his way to becoming a serial killer
You will learn the most from your losing Trades
  • #386
  • Edited 11:36pm Sep 9, 2018 9:45pm | Edited 11:36pm
Quoting Chenzo25
Jeez that kid is on his way to becoming a serial killer

If the moderators choose to act on this individual it will be because the complaints made against him/her have merit,

All he/she has to do is show respect to others here in the FF forum, in the same way we all should do.

  • #387
  • Sep 9, 2018 9:47pm Sep 9, 2018 9:47pm
I think when looking at successful traders, the three things in common I´ve noticed:


1. Strong Macro understanding of the market
2. Primary focus on risk control- Willing to admit they are wrong and cut losing trades quickly
3. Consistency

I see so many traders looking for the next 100% annual gains strategy, etc. Unleveraged a strong gain is 10-12% as a private trader. Leveraged, a healthy annual gain is 30-60%. Drawdown should be 1\2 to 1\3 of your total profit. Ex. if you are at a 20% gain, your drawdown should be less than 10%.
“The most valuable commodity I know of is information”
  • #388
  • Sep 9, 2018 11:33pm Sep 9, 2018 11:33pm
Quoting ClipperFX
I think when looking at successful traders, the three things in common I´ve noticed: 1. Strong Macro understanding of the market 2. Primary focus on risk control- Willing to admit they are wrong and cut losing trades quickly 3. Consistency I see so many traders looking for the next 100% annual gains strategy, etc. Unleveraged a strong gain is 10-12% as a private trader. Leveraged, a healthy annual gain is 30-60%. Drawdown should be 1\2 to 1\3 of your total profit. Ex. if you are at a 20% gain, your drawdown should be less than 10%.

As a positive contribution to this threads opening post,

This link will not only take you to a very successful trader,but he will all so show you how to trade if you have the wiliness to learn and study his chart's

You need not click on this link if you choose not to learn.

https://www.forexfactory.com/search....archid=8799142

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  • #389
  • Sep 10, 2018 12:07am Sep 10, 2018 12:07am
The successful can come to forums and shout , but do they really have time to put with this type of exchanges? Ask your self why do they need this type of exchanges with them.?
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  • #390
  • Sep 11, 2018 6:02pm Sep 11, 2018 6:02pm
Quoting loozers
The successful can come to forums and shout , but do they really have time to put with this type of exchanges? Ask your self why do they need this type of exchanges with them.? {image}
Because they wanted to sell their EA and indicators here. LoL
  • #391
  • Sep 15, 2018 6:08pm Sep 15, 2018 6:08pm
There are successful traders here with proven long track records and systems, you just need to know where to look
IMPROVISE ADAPT OVERCOME
  • #392
  • Sep 15, 2018 9:15pm Sep 15, 2018 9:15pm
I've been trading futures for about 7 years. Had my first profitable year last year.

Like many, I've tried every combination of indicators available and have been very frustrated and sometimes downright irate from constant losing!!

3 things I've realized:

1) You have to have system that gives you at least a 50% win rate (some will argue with this but it's my experience)

2) You must have super DISCIPLINE!!!!!!!! PERFECT DISCIPLINE!!. There is no way around this!!!!!!! This is key!!

3) There is no perfect indicator. Volume and Divergence are good guides. The market will go opposite of the majority of traders.

Hope this helps someone. Wish I knew this a long time ago.
  • #393
  • Sep 15, 2018 9:41pm Sep 15, 2018 9:41pm
You must have been very patient.Did you try other forms of trade,currencies ,option?.
  • #394
  • Edited Sep 18, 2018 2:24am Sep 17, 2018 3:08pm | Edited Sep 18, 2018 2:24am
  • #395
  • Sep 17, 2018 4:35pm Sep 17, 2018 4:35pm
Quoting Kxeroo
I really don't get why people are so monetary driven in life. We are talking about success and it is mostly seen as where you live how you live, what you drive. Although most people don't admit or deny that they are all too material. We are all greedy when we are not satisfied with what we have just by comparing ourselves with extreme examples but the reality is just having a 3 meals a day having a shelter and a happy family is the real richness no matter where you stand financially. Yes we all want best for our loved ones but there are a lot of...
Really well put, very true - especially about the banking and finance.
  • #396
  • Sep 18, 2018 11:18am Sep 18, 2018 11:18am
Quoting EcoTrader
{quote} And that people is how a loser bows out of a conversation he can't handle. Like I said before if you are worth the bullshit you say you are you would have no problem settling this with a statement. Thing is you sugar coat your reasoning as being private when we all know its very easy to hide personal\sensitive information. Whatever bogan, enjoy your weekend in the bush being plagued by flies.

I thought I'd drop by and monitor you progress, what's happened, your explorer has gone, blown account I assume
  • #397
  • Sep 18, 2018 11:25am Sep 18, 2018 11:25am
The question now is...

What will you do if you happened to speaking to one?
This is not investment/trading advise. Will not hold accountable for loss
  • #398
  • Sep 18, 2018 11:40am Sep 18, 2018 11:40am
Quoting Lunartrader9
I've been trading futures for about 7 years. Had my first profitable year last year. Like many, I've tried every combination of indicators available and have been very frustrated and sometimes downright irate from constant losing!! 3 things I've realized: 1) You have to have system that gives you at least a 50% win rate (some will argue with this but it's my experience) 2) You must have super DISCIPLINE!!!!!!!! PERFECT DISCIPLINE!!. There is no way around this!!!!!!! This is key!! 3) There is no perfect indicator. Volume and Divergence are good...
Kudos. It takes guts to admit how long it took to finally become profitable in this endeavor. I hope such posts become the new trend and inspires everyone to sincerely share their real-life struggles in their trading. We owe it to the newcomers who join such forums everyday with the twinkle of million dollars in their eye to make it in just 30 days. The truth has to come out some day.... let that be today, this week, this month, this year!
Staying in my lane...
  • #399
  • Sep 18, 2018 12:04pm Sep 18, 2018 12:04pm
Quoting Lunartrader9
I've been trading futures for about 7 years. Had my first profitable year last year. Like many, I've tried every combination of indicators available and have been very frustrated and sometimes downright irate from constant losing!! 3 things I've realized: 1) You have to have system that gives you at least a 50% win rate (some will argue with this but it's my experience) 2) You must have super DISCIPLINE!!!!!!!! PERFECT DISCIPLINE!!. There is no way around this!!!!!!! This is key!! 3) There is no perfect indicator. Volume and Divergence are good...
So it's not clear from your post are you still with technical analysis or moved your market research to some other field
  • #400
  • Sep 18, 2018 1:09pm Sep 18, 2018 1:09pm
Quoting Asw
{quote} I thought I'd drop by and monitor you progress, what's happened, your explorer has gone, blown account I assume
Please, only newbs and wannabes blow accounts and since your not the former it must make you the....

It must really suck being at this for so long and still unable to show how "good" you really are when I, a newby, am up 8.3% this month and still have trading days to go. That puts me at just under 20percent in less 47 days. How is yours looking
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