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smartdog9
Oct 16 2015 at 17:48
2 Posts
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!!!

Stephen Nelson (sbnelson2005)
Oct 16 2015 at 22:04
41 Posts
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:

https://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

GeorgeB (GB85)
Oct 18 2015 at 06:10
7 Posts
Don't run after 100% profit. It's not possible.
For now you where just lucky.

Plan your trades carefully do not base them on your emotions...
Trade your plan!

kieran (snapdragon1970)
Oct 19 2015 at 13:54
1945 Posts
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!

"They mistook leverage with genius".
smartdog9
Oct 20 2015 at 06:05
2 Posts
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,

kieran (snapdragon1970)
Oct 27 2015 at 07:20
1945 Posts
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".
Ari Goldman (arigoldman)
Oct 29 2015 at 12:26
909 Posts
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!

JenalAripin
Oct 30 2015 at 12:21
10 Posts
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.

rob559
Oct 30 2015 at 14:36
1916 Posts
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

Michael Bai (michaelbai)
Oct 31 2015 at 07:30
33 Posts
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
kieran (snapdragon1970)
Oct 31 2015 at 07:32
1945 Posts
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".
luthfi_maung
Nov 16 2015 at 07:50
11 Posts
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.

Samsu_samsul
Nov 30 2015 at 08:08
10 Posts
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...

Edward16
Nov 06 2016 at 07:56
10 Posts
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.

Messittos
Nov 07 2016 at 08:02
6 Posts
Surely this all is mostly truth though too many people seem to perceive trading as 'game', which is, in my humble opinion, not exactly the way to become a professional.

Tiffany (TiffanyK)
Nov 09 2016 at 07:12
427 Posts
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
kieran (snapdragon1970)
Nov 09 2016 at 22:37
1945 Posts
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".
VickyJones
Nov 15 2016 at 16:09
45 Posts
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!

Tiffany (TiffanyK)
Nov 22 2016 at 15:20
427 Posts
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
kieran (snapdragon1970)
Nov 22 2016 at 16:59
1945 Posts
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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