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Arrogant advice
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Humberttim

Member Since May 20, 2019  5 posts Humberttim May 21 2019 at 05:51
A beginner at anything will struggle at first. When I first started playing tennis I lost 95% of the points I played against a good player but with training, I got better and better and now win amateur competitions. Forex can be the same, just think of the initial losses as an investment in the future. Put in the hard work and you can be a pro trader too

momo3HC

Member Since Oct 20, 2018  74 posts momo3HC Jun 02 2019 at 11:58
togr posted:
Hi newbies,

take half of the money you have for trading and put them into trash.
take the remaining half and buy something nice for your family.

You still have better results than trying to trade.

Even though it sounds silly at the end do you know that 95% of traders are loosing money.
Isn't it better to spend at least half of it for good thing.
Just think about it for a while...


That`s a really arrogant advice. if everybody thinks like that the world will be in the stone era yet.

Treeny

Member Since Feb 08, 2019  102 posts Treeny Jun 02 2019 at 14:14
togr posted:
Hi newbies,

take half of the money you have for trading and put them into trash.
take the remaining half and buy something nice for your family.

You still have better results than trying to trade.

Even though it sounds silly at the end do you know that 95% of traders are loosing money.
Isn't it better to spend at least half of it for good thing.
Just think about it for a while...


That's the mentality of one of the 95%. Someone with a more positive outlook would make damn sure they were one of the 5%

AhTai

Member Since Jun 06, 2019  8 posts AhTai Jun 06 2019 at 09:55
This thread is so negative. Sure many people lose but we are here to be the 5% that win. Let's focus on how we can get there

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jun 06 2019 at 10:26
Guys,

Yes the advice is arrrogant. Yet it is true.
I am talking about the fact of losing money you could otherwise spend for your family.
You are talking about your wishes, well it is tempting to make money but you are not in the 5% of profitable traders

I like what I trade, I trade what I like
parish

Member Since Nov 03, 2018  58 posts parish Jun 06 2019 at 15:34
i know peoples who are proffesor economie who have lost all their fortune with trading .
so easy it will not bee
my experience is it can bee posibel to make money but for now i am only trade break even .
may bee if i know it better i can make money .
 

i trade to make money not to be right
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jun 07 2019 at 03:49
togr posted:
Also another advice. Might sound arrogant as well.
Dont buy anything - courses, lessons, membership, EAs.
The logic is very simple, if the trader is successful enough to trade for living then he is trading for living,
having no need to sell anything.
The ones who sell the staff are not the successful ones...


Absolutely correct.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jun 07 2019 at 04:45
AhTai posted:
This thread is so negative. Sure many people lose but we are here to be the 5% that win. Let's focus on how we can get there


Success means different things, to different people.

For myself, I am quite happy with an annual ROI target of 25% to 30%.

For others, a return of 25% wouldn't be anywhere near enough to provide a level of income to live a comfortable life.

Consider this for a moment...

Successful investor #1:
Investment account balance: $500,000.00
Annual ROI of 25%: $125,000.00 profits
End of year account balance: $625,000.00

If you withdrew the $125,000.00 on January 1st, you would have approximately $10,416.00 USD a month to live off of for the year. All the while you still have $500,000.00 USD in your investment accounts.

$125,000.00 USD / 12 months = $10,416.66 per month

While I realize that an investment account balance of $500,000.00 may seem like an enormous amount of money, and I do agree that it is a considerable amount of money regardless of who a person is, however... it isn't an unattainable amount with a successful investment strategy, discipline, and control of ones emotions.

High probability trading and Low risk investing

Reasonable lot or unit sizes for your tickets.

It is unreasonable to think a $1000.00 USD account balance would support the use of 10.0 lot sizes or other such nonsense.

If an investor is trading 0.01 per $1000.00 USD, this would be considered a safe investment level.
If you have a ticket in profit, then simply set the SL to breakeven, or just above breakeven for a small profit, then let
the ticket run, and stack another 0.01 ticket into your basket.
Just keep doing that until the market tells you when to get out of the trade.
Be sure to keep moving your SL levels as your tickets increase in profits.
When your SL hits and closes out your tickets, you will have collected profits on all your tickets.

As your account grows, you can increase the lot or unit sizes.

It is better to make a consistent profit over a long period of time, rather than make a huge profit in one day, and then losing it the very next.








If it looks too good to be true, it's probably a scam! Let the buyer beware.
momo3HC

Member Since Oct 20, 2018  74 posts momo3HC Jun 07 2019 at 08:20
I don`t really find the reason for this thread.

togr

Member Since Feb 22, 2011  4541 posts vontogr (togr) Jun 07 2019 at 10:05
Professional4X posted:
AhTai posted:
This thread is so negative. Sure many people lose but we are here to be the 5% that win. Let's focus on how we can get there


Success means different things, to different people.

For myself, I am quite happy with an annual ROI target of 25% to 30%.

For others, a return of 25% wouldn't be anywhere near enough to provide a level of income to live a comfortable life.

Consider this for a moment...

Successful investor #1:
Investment account balance: $500,000.00
Annual ROI of 25%: $125,000.00 profits
End of year account balance: $625,000.00

If you withdrew the $125,000.00 on January 1st, you would have approximately $10,416.00 USD a month to live off of for the year. All the while you still have $500,000.00 USD in your investment accounts.

$125,000.00 USD / 12 months = $10,416.66 per month

While I realize that an investment account balance of $500,000.00 may seem like an enormous amount of money, and I do agree that it is a considerable amount of money regardless of who a person is, however... it isn't an unattainable amount with a successful investment strategy, discipline, and control of ones emotions.

High probability trading and Low risk investing

Reasonable lot or unit sizes for your tickets.

It is unreasonable to think a $1000.00 USD account balance would support the use of 10.0 lot sizes or other such nonsense.

If an investor is trading 0.01 per $1000.00 USD, this would be considered a safe investment level.
If you have a ticket in profit, then simply set the SL to breakeven, or just above breakeven for a small profit, then let
the ticket run, and stack another 0.01 ticket into your basket.
Just keep doing that until the market tells you when to get out of the trade.
Be sure to keep moving your SL levels as your tickets increase in profits.
When your SL hits and closes out your tickets, you will have collected profits on all your tickets.

As your account grows, you can increase the lot or unit sizes.

It is better to make a consistent profit over a long period of time, rather than make a huge profit in one day, and then losing it the very next.









Yes you are right.
The thing is many traders here are undercapitalized. Thus they overtrade their accounts to make eniugh money for living resulting in loss of everything. Especially for such traders my advice is 100% valid, yeah still arrogant I know.

I like what I trade, I trade what I like
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