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Oct 16, 2015 at 17:48
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19 Replies
Member Since Nov 01, 2011
37 posts
Oct 16, 2015 at 22:04
Nobody wins 100% over the long haul. Top money managers are happy with a 60-70% win rate. They know that limiting risk and letting profits run will allow for an excellent return.
I started a thread for new traders in the hopes of helping those new to forex:
http://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1
Come on over and ask any questions you may have!
Cheers
Steve
I started a thread for new traders in the hopes of helping those new to forex:
http://www.myfxbook.com/community/new-traders/new-traders-beware-easy-road/1039956,1
Come on over and ask any questions you may have!
Cheers
Steve
Member Since Sep 12, 2015
1933 posts
Oct 19, 2015 at 13:54
Dont get to hung up on win ratio,as long as your winning trades are bigger than your lossing trades,you can have a 40% win ratio and still be in profit.True professional traders do aim for 70% no less,2% loss on a retail trade,5% on a portfolio ,mess up on risk management and your security card gets deleted during lunch break.
Be lucky!
Be lucky!
"They mistook leverage with genius".
Member Since Sep 12, 2015
1933 posts
Oct 27, 2015 at 07:20
smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
"They mistook leverage with genius".
Member Since Oct 02, 2014
905 posts
Oct 29, 2015 at 12:26
snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
Agreed!
Positivity
Member Since Oct 30, 2015
10 posts
Oct 30, 2015 at 12:21
snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Oct 30, 2015 at 14:36
JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
really wise coment
Member Since Oct 26, 2015
32 posts
Oct 31, 2015 at 07:30
JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
wisdom
Take Challenges Head On
Member Since Sep 12, 2015
1933 posts
Oct 31, 2015 at 07:32
A quote from a friend of mine"you really dont learn how to trade until you have skin in the game".
"They mistook leverage with genius".
Member Since Oct 28, 2015
11 posts
Nov 16, 2015 at 07:50
snapdragon1970 posted:
A quote from a friend of mine"you really dont learn how to trade until you have skin in the game".
Correct. Keep rolling in the game and you'll get yourself better in trading.
Member Since Oct 27, 2015
10 posts
Nov 30, 2015 at 08:08
luthfi_maung posted:snapdragon1970 posted:
A quote from a friend of mine"you really dont learn how to trade until you have skin in the game".
Correct. Keep rolling in the game and you'll get yourself better in trading.
True! the more experiences, the more skillful you are in trading. So keep trading...
Nov 06, 2016 at 07:56
smartdog9 posted:
86% win ratio. Would have been 100% but I didn't want to leave trade open when I went to bed.
1.5% drawdown.
I suppose real trading will be different!!!
For having this winning ratio, you should be happy. Do not give up because of short term drawdown. Keep your reasons strong. So that you are confident enough to accomplish what you are looking forward to.
Nov 09, 2016 at 07:12
JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
I cannot agree more with those 2 comments. Pride and anger are really bad enemies for the trader. But you know it won’t be easy to remain neutral. You have to experience win and lose then to keep a good discipline on both conditions.
Accept the loss as experience
Member Since Sep 12, 2015
1933 posts
Nov 09, 2016 at 22:37
TiffanyK posted:JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
I cannot agree more with those 2 comments. Pride and anger are really bad enemies for the trader. But you know it won’t be easy to remain neutral. You have to experience win and lose then to keep a good discipline on both conditions.
One way to deal with it is take a look at chasingreturns website.
"They mistook leverage with genius".
Member Since Mar 31, 2015
43 posts
Nov 15, 2016 at 16:09
smartdog9 posted:
86% win ratio. Would have been 100% but I didn't want to leave trade open when I went to bed.
1.5% drawdown.
I suppose real trading will be different!!!
Yes, it can be quite different but good luck!
Nov 22, 2016 at 15:20
snapdragon1970 posted:TiffanyK posted:JenalAripin posted:snapdragon1970 posted:smartdog9 posted:
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
the key is to remain neutral with wins and losses.
I agree with this. If you just counting on your win/lose ratio, you might get yourself full with pride, which is not really good for a trader. Remain neutral and never stop learning. Your loss experience is your best teacher. As long as you willing to learn how to be profitable, you're a good trader.
I cannot agree more with those 2 comments. Pride and anger are really bad enemies for the trader. But you know it won’t be easy to remain neutral. You have to experience win and lose then to keep a good discipline on both conditions.
One way to deal with it is take a look at chasingreturns website.
Hi kieran, I checked the website of chasingreturns. It looks helpful, but do you know if I can use only the trial or should I continue after that with the paid version. If the trial is nothing special then maybe I should not start at all? Can you give me your advice regarding chasingreturns, it will be helpful for everyone.
Accept the loss as experience
Member Since Sep 12, 2015
1933 posts
Nov 22, 2016 at 16:59
There is a 14 day free trial , you can decide after that if it is worth it , I am sure it will point out to you were to make improvements in your trading.
"They mistook leverage with genius".
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