recently joined.

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!!!

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

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!

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!

at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,

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.

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!

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.

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

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

A quote from a friend of mine'you really dont learn how to trade until you have skin in the game'.

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.

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...

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.

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.

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.

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.

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!

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.