Can forex trading make you rich ?
Mitglied seit Jan 25, 2010
1360 Posts
Sep 28, 2018 at 05:45
togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.
I suppose you would suppose correctly. As Mark says:
Most people in this world can't handle it.
From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:
Anhänge:
Mitglied seit Sep 19, 2018
27 Posts
Sep 28, 2018 at 10:30
BluePanther posted:togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.
I suppose you would suppose correctly. As Mark says:Most people in this world can't handle it.
From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:
WOW that loss is huge!!!
SublimeMarkets on Facebook too
Mitglied seit Sep 28, 2018
10 Posts
Sep 28, 2018 at 10:36
Are you just leaving your stop loss open and keeping all losing trades open? it seems like a strange strategy to me. Surely there are better ones that you can use
Mitglied seit Feb 22, 2011
4862 Posts
Sep 28, 2018 at 10:39
BluePanther posted:togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.
I suppose you would suppose correctly. As Mark says:Most people in this world can't handle it.
From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:
With deposit of 500,000 my systems will at least triple it during such period.
Mitglied seit Sep 12, 2015
1948 Posts
Sep 28, 2018 at 10:53
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.
"They mistook leverage with genius".
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 05:51
Balakrishna posted:
Are you just leaving your stop loss open and keeping all losing trades open? it seems like a strange strategy to me. Surely there are better ones that you can use
No, I tried many strategies, but mostly small profits and large losses (including margin calls).
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 05:51
togr posted:
Well that sucks.
With deposit of 500,000 my systems will at least triple it during such period.
Thanks. Yeah, the system I use now is much better! 😎
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 05:51
snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.
Yeah, I wouldn't totally agree with Mark Shawzin.
Better to cut the losers sooner, and let the winners run.
Sep 30, 2018 at 06:13
BluePanther posted:
'The trend is your friend.'
How on earth could this work? IMO, I think there may be a serious flaw in this strategy (I don't claim to be an expert..), although there is a lot of money involved.
Seems that in the snapshot presented there might be a long term upward trend, but buying in falling prices might be a bit risky, though.
Sep 30, 2018 at 06:21
snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.
I second you, wholeheartedly. Every time I keep my position overnight or over the weekend I get married to my losing position, and just couldn't let it go. Winrate just drops so dramatically, too.. Probably it is about which kind of personality an individual has..
Better taking smaller wins and losses most of the time, and an occasional winner will do most of the profits.. Probably just like in poker.
Mitglied seit Apr 06, 2018
254 Posts
Sep 30, 2018 at 06:35
BluePanther posted:togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.
I suppose you would suppose correctly. As Mark says:Most people in this world can't handle it.
From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:
This is a great recovery. Just take care of your money management for future trades.
The market will trade through it’s path of least resistance .
Sep 30, 2018 at 10:19
It seems that it is really difficult to get any real advice from these forums - with a few exceptions.. Why is that? Do people want to earn more money by selling their hard learned secrets of trading as a signal provider or a coach? Is it so profoundly against human instincts ? Or is it so that an expert is so rarely to be seen here? Or is it so heavily dependent on individuals and individual strategies? At least there should be some universal principles like money management and trading against major trend may be costly.
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 10:24
niceGLer posted:
How on earth could this work? IMO, I think there may be a serious flaw in this strategy (I don't claim to be an expert..), although there is a lot of money involved.
Seems that in the snapshot presented there might be a long term upward trend, but buying in falling prices might be a bit risky, though.
The Buy trades are a robot that trades counter-trend. Risk is set low.
The Sell trades are my point. The CHFSGD was headed down after hitting LT Resistance. Trend is your Friend.
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 10:24
niceGLer posted:snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.
I second you, wholeheartedly. Every time I keep my position overnight or over the weekend I get married to my losing position, and just couldn't let it go. Winrate just drops so dramatically, too.. Probably it is about which kind of personality an individual has..
Better taking smaller wins and losses most of the time, and an occasional winner will do most of the profits.. Probably just like in poker.
You need to look at the market big-picture. I had drawdowns of up to 40% of my account ($30,000) open, but I kept them until the market turned after two days. You gotta have some faith in your analysis, but you can get it wrong, and that is something you need to have a plan for. Maybe I was just lucky? But I saw market was going to go in my favor. You need to keep perspective.
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 10:24
LongVision posted:
This is a great recovery. Just take care of your money management for future trades.
I manage money like a gambler. Waiting for the next big move and then hitting it HARD!!!!!
Mitglied seit Jan 25, 2010
1360 Posts
Sep 30, 2018 at 10:25
sublimemarkets posted:
WOW that loss is huge!!!
...over five years.
Made back in less than one month. 😎
Sep 30, 2018 at 11:12
BluePanther posted:niceGLer posted:
How on earth could this work? IMO, I think there may be a serious flaw in this strategy (I don't claim to be an expert..), although there is a lot of money involved.
Seems that in the snapshot presented there might be a long term upward trend, but buying in falling prices might be a bit risky, though.
The Buy trades are a robot that trades counter-trend. Risk is set low.
The Sell trades are my point. The CHFSGD was headed down after hitting LT Resistance. Trend is your Friend.
Ok. I didn't realise that there were sell positions amidst.
Sep 30, 2018 at 11:19
BluePanther posted:
You need to look at the market big-picture. I had drawdowns of up to 40% of my account ($30,000) open, but I kept them until the market turned after two days. You gotta have some faith in your analysis, but you can get it wrong, and that is something you need to have a plan for. Maybe I was just lucky? But I saw market was going to go in my favor. You need to keep perspective.
I try to keep that in my mind. For me the big picture is the weekly time frame. If it is not trending, but ranging there is no trend trading methods applicable in the lower time frames.
Mitglied seit Sep 12, 2015
1948 Posts
Oct 01, 2018 at 00:03
niceGLer posted:snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.
I second you, wholeheartedly. Every time I keep my position overnight or over the weekend I get married to my losing position, and just couldn't let it go. Winrate just drops so dramatically, too.. Probably it is about which kind of personality an individual has..
Better taking smaller wins and losses most of the time, and an occasional winner will do most of the profits.. Probably just like in poker.
Wanna be taking bigger gains and going in with bigger bets when your pretty sure like 95% sure, this does take experience and timing the market, Winrate not that important.
"They mistook leverage with genius".
