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Anyone Trading For A Living?
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supertrader91

Member Since Oct 03, 2012  82 posts supertrader91 Jan 09 2013 at 16:16 (edited Jan 09 2013 at 16:17 )
Track my account. I totally disagree with amberlynn. Sorry mate but you think like a novice. No way you would become a billionaire if you have that 'kind' of mentality.
I had 31% drawdown and now i have reduced my risk by 16%. I am still learning eventhough i am an experienced trader :)



If you work hard consistently eventually you will get it.
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Jan 09 2013 at 16:33 (edited Jan 09 2013 at 16:36 )
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.

supertrader91

Member Since Oct 03, 2012  82 posts supertrader91 Jan 09 2013 at 16:37 (edited Jan 09 2013 at 16:37 )
Chikot posted:
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.


Don't judge a book by its cover evil

If you work hard consistently eventually you will get it.
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Jan 09 2013 at 16:40

Man, I am actually responding to same guys you were talking too wink
But I will stand by my words. i have seen guys making seemingly consistent and large profits this way with barely or no losses and all they destroyed their account eventually. It is just a matter of time. when not if.

supertrader91 posted:
Chikot posted:
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.


Don't judge a book by its cover evil

supertrader91

Member Since Oct 03, 2012  82 posts supertrader91 Jan 09 2013 at 16:43 (edited Jan 09 2013 at 16:45 )
Chikot posted:
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.


Owh haha.... yell

If you work hard consistently eventually you will get it.
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Jan 09 2013 at 16:45
I will tongue

CESTRADES

Member Since Dec 31, 2012  29 posts C (CESTRADES) Jan 09 2013 at 21:21
supertrader91 posted:
Chikot posted:
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.


Owh haha.... yell

That can and does happen I'm sure. But experienced traders don't let that happen. One reason I chose to trade short term. i may not make 400 pips on a long wave, but I can make a good profit % return now that I stay with my system, and glued to the screen. Even with stops/limits, I don't feel good about leaving a trade on for long periods. One way to avoid that is scale in your stops so that if it does turn on you, you're guaranteed some profit, even if it's very little, better than any loss...just my opinion...

"Live The Dream"
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Jan 09 2013 at 22:15
It happened to much better traders than you and me... I mean those who let losses run will get caught period. No other way around it.
My trades run most of the time without me watching. However form my experience price tends to come to stops very often. i mean BE stops.
Markets are hard to trade my style now so I am adjusting a bit.

CESTRADES posted:
supertrader91 posted:
Chikot posted:
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.


Owh haha.... yell

That can and does happen I'm sure. But experienced traders don't let that happen. One reason I chose to trade short term. i may not make 400 pips on a long wave, but I can make a good profit % return now that I stay with my system, and glued to the screen. Even with stops/limits, I don't feel good about leaving a trade on for long periods. One way to avoid that is scale in your stops so that if it does turn on you, you're guaranteed some profit, even if it's very little, better than any loss...just my opinion...

maxpro_vn

Member Since Oct 15, 2012  25 posts maxpro_vn Jan 11 2013 at 08:49
What I can say is HARD to trade for leaving.
The biggest problem is that profit is not consistent.
Traders ussually change thier mind/stratergies either they win or loss. So do I.

Good luck everyone!

AmberLynn

Member Since Dec 04, 2012  241 posts AmberLynn Jan 11 2013 at 12:38
To me the most important thing is not compounding. To compound successfully you really have to trade like a robot. Many people as mentioned before, can earn SUPER HIGH RETURNS in a matter of trades. Yet, by simply withdrawing what you have profited. Will assure you of not LOSING the profit, WHEN you blow your account. Margin call will happen. I have yet to see a HUMAN win 100% of his or her trades. So to earn enough money in forex in the long term. You should withdraw profits daily.

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