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There is no good Trader in the World .......
forex_trader_43716
तबसे मेंबर है Aug 06, 2011
326 पोस्टों
Jan 02, 2013 at 02:14
biosko posted:
Just trust people with atleast 1-2 year live performance. Track like from mr Gary Sharp is not enough to prove that his system is stable. But when someone will prove you with track where its like 5% per month for 30 months it will be great. I just not understand why there are people presenting with their 6 months tracks which are not prove of success.
Great point. Can you give us a few examples?
forex_trader_32952
तबसे मेंबर है Mar 30, 2011
58 पोस्टों
Jan 03, 2013 at 00:10
myfxpt posted:biosko posted:
Just trust people with atleast 1-2 year live performance. Track like from mr Gary Sharp is not enough to prove that his system is stable. But when someone will prove you with track where its like 5% per month for 30 months it will be great. I just not understand why there are people presenting with their 6 months tracks which are not prove of success.
Great point. Can you give us a few examples?
I have just 1 year live track here on myfxbook thats why I am not telling you look at me because I am not meeting yet my requirements BUT I am not advertising myself and my system here even I made 5% per month for 11 months.
I just dont understand people that they advertising their new accounts with few months of performance luring new investors into it and guest what? After few month they disappear because their trading is based on luck. They were lucky for few months but their system will not work for 2 years with constant income. Thats why majority of users here advertising here only new accounts or account with 6 month history. Just do research for yourself.
Or put track on some account of advertisers here. They will be all closed soon or later. Or just open topic with name FX Manager board and tell how many accounts are still live from this topic with 40 pages.
forex_trader_101400
तबसे मेंबर है Dec 01, 2012
59 पोस्टों
Jan 04, 2013 at 06:30
biosko posted:
I just dont understand people that they advertising their new accounts with few months of performance luring new investors into it and guest what? After few month they disappear because their trading is based on luck. They were lucky for few months but their system will not work for 2 years with constant income. Thats why majority of users here advertising here only new accounts or account with 6 month history. Just do research for yourself.
Or put track on some account of advertisers here. They will be all closed soon or later. Or just open topic with name FX Manager board and tell how many accounts are still live from this topic with 40 pages.
It's the trader's mindset biosko. When we are successful in the short run, we think it's going forever. I want a long record too but, I rather have a hot streak now than 2 years ago. Look at last 3 month of some of the high return systems with 30 months record that you like, they are flat or going down. If you follow them now, you'll probably lose. So why not follow someone with a short record but going up.
तबसे मेंबर है Oct 03, 2012
71 पोस्टों
Jan 06, 2013 at 02:05
(एडिट हो रहा है Jan 06, 2013 at 02:08)
Hi there godfather,
I agree with that if a trader can't trade a 100usd they surely can't trade bigger account. Well its about risk percentage.
Track my account for some months and let me know what you think 😄
http://www.myfxbook.com/members/supertrader91/superb/450775
I agree with that if a trader can't trade a 100usd they surely can't trade bigger account. Well its about risk percentage.
Track my account for some months and let me know what you think 😄
http://www.myfxbook.com/members/supertrader91/superb/450775
If you work hard consistently eventually you will get it.
तबसे मेंबर है Dec 31, 2012
10 पोस्टों
Jan 06, 2013 at 17:02
excellent point Mike Yap
Keep the Equity That's the best profit
forex_trader_32952
तबसे मेंबर है Mar 30, 2011
58 पोस्टों
Jan 07, 2013 at 00:39
Mike, you should have hot streak for 2-3 years to be successful, trading is not gambling or luck.
forex_trader_43716
तबसे मेंबर है Aug 06, 2011
326 पोस्टों
Jan 07, 2013 at 06:36
Does anyone remember Nylex corporation during the 1980s? It was reported in the press that "had you invested $1,000 and re-invested the dividends, you would have turned your initial $1,000 investment into $10,000." Of course, this article was printed after the fact, but that did not stop naive investors from jumping on the wagon with the expectation that Nylex would continue to rise in value. Meanwhile, seasoned investors were liquidating their positions. Shortly thereafter along came the 1987 stockmarket crash.
It's really difficult to determine in advance which system, strategy, or manager will provide the greater reward (or loss!), just as it is difficult (maybe impossible) to determine in advance if a trend will continue, and how far it will go. So why waste your time trying to figure it out?
Just focus on what DOES happen!
It's really difficult to determine in advance which system, strategy, or manager will provide the greater reward (or loss!), just as it is difficult (maybe impossible) to determine in advance if a trend will continue, and how far it will go. So why waste your time trying to figure it out?
Just focus on what DOES happen!
तबसे मेंबर है Dec 31, 2012
10 पोस्टों
Jan 07, 2013 at 07:26
2-3 years trading isn't guarantee for trading success.we musn't get overly speculative.simple
Keep the Equity That's the best profit
forex_trader_101400
तबसे मेंबर है Dec 01, 2012
59 पोस्टों
Jan 07, 2013 at 07:27
I hope I'm building up to that biosko. I learned how to figure out my losing streak based on current win/loss probability. Now I know how long to wait out a losing streak before changing to yet another system.
तबसे मेंबर है Dec 31, 2012
10 पोस्टों
Jan 07, 2013 at 09:01
@Mike Yap yet again another sound contribution.How i wished most folks that posted in this thread would relate with your opinion.Anyways i had 170 trades 2losses manually within 3months at a time and another time my losses equaled my wins.it's Life.Guess we have to give some space for some few wrongs
Keep the Equity That's the best profit
तबसे मेंबर है Sep 16, 2009
112 पोस्टों
Jan 07, 2013 at 13:20
I think trading is and can be predictable. I dnt believe that luck or chance is a factor in trading. I believe if one sits down and plans on how to trade and develop a system with positive expentacy he/she can out last the market . there are no new market conditions that can make a system fail. The weakest link between the system and market is the trader behind. The pyschological make up of the trader is very very important.
can the pursuit of wealth be automated?
तबसे मेंबर है Dec 31, 2012
10 पोस्टों
Jan 07, 2013 at 13:51
@Kebaya Mwamba Well Said.your comment is a reflection of nothing but intelligence.I wish when people seek investors for their funds it they could see it through this viewpoint.Now the difficult part yet the more important aspect is people need to see thru beyond the statements or records into the psychology of the trader based on time.Cause at some point the best of trader would have loosing runs and at some other point very good results...Consistency in forex is a myth.It's pure business.Not too many companies have started and remained in business beyond 5years..
All the best.Thnks for this thread,comments and suggestions everyone
All the best.Thnks for this thread,comments and suggestions everyone
Keep the Equity That's the best profit
forex_trader_101400
तबसे मेंबर है Dec 01, 2012
59 पोस्टों
Jan 07, 2013 at 19:43
This is where I learned how to figure out a system's losing streak and what it's really for.
The formula in the slide is wrong. Should be: LS = ln( #ofTrades) / -ln( probabilityOfLoss )
Knowing this streak gives me the confidence to wait out a drawdown. This will not help if the system does not have any edge at all. It has to be positive even if it's small as a casino's edge. Then just keep on trading the system until the cows come home.
The formula in the slide is wrong. Should be: LS = ln( #ofTrades) / -ln( probabilityOfLoss )
Knowing this streak gives me the confidence to wait out a drawdown. This will not help if the system does not have any edge at all. It has to be positive even if it's small as a casino's edge. Then just keep on trading the system until the cows come home.
तबसे मेंबर है Dec 31, 2012
10 पोस्टों
Jan 07, 2013 at 19:58
Well m the posts i read here i know why over 90% of people in fx can't win consistently.this thread is a reflection of many folks that fall in this category and a few wise men
Keep the Equity That's the best profit
तबसे मेंबर है Oct 03, 2012
71 पोस्टों
Jan 08, 2013 at 18:22
madeeasyfunds posted:
Well m the posts i read here i know why over 90% of people in fx can't win consistently.this thread is a reflection of many folks that fall in this category and a few wise men
I think i can win consistently :)
If you work hard consistently eventually you will get it.
तबसे मेंबर है Oct 03, 2012
71 पोस्टों
Jan 09, 2013 at 16:28
If you work hard consistently eventually you will get it.
तबसे मेंबर है Sep 22, 2012
48 पोस्टों
Jan 09, 2013 at 17:24
supertrader91 posted:
My account http://www.myfxbook.com/members/supertrader91/superb/450775 😄
then why did you hide your "Trading Activity"?
तबसे मेंबर है Oct 03, 2012
71 पोस्टों
Jan 09, 2013 at 17:28
(एडिट हो रहा है Jan 09, 2013 at 17:47)
Composer posted:supertrader91 posted:
My account http://www.myfxbook.com/members/supertrader91/superb/450775 😄
then why did you hide your "Trading Activity"?
Its my private system.
If you work hard consistently eventually you will get it.
तबसे मेंबर है Sep 22, 2012
48 पोस्टों
Jan 09, 2013 at 17:29
supertrader91 posted:Composer posted:supertrader91 posted:
My account http://www.myfxbook.com/members/supertrader91/superb/450775 😄
then why did you hide your "Trading Activity"?
Its my private system??
then why are you showing that in the public if its private?
and second thing.. if you would have win constantly then you would have a long time record. i can also show you a record of three days where you can see over 600% monthly..
तबसे मेंबर है Oct 03, 2012
71 पोस्टों
Jan 09, 2013 at 17:47
Composer posted:supertrader91 posted:Composer posted:supertrader91 posted:
My account http://www.myfxbook.com/members/supertrader91/superb/450775 😄
then why did you hide your "Trading Activity"?
Its my private system??
then why are you showing that in the public if its private?
and second thing.. if you would have win constantly then you would have a long time record. i can also show you a record of three days where you can see over 600% monthly..
Track my account. I aim to inspire others and answer question like there is no good trader in the world etc.
If you work hard consistently eventually you will get it.
