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Biedrs kopš
2 ieraksti
Oct 16, 2015 at 17:48
Biedrs kopš
2 ieraksti
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!!!
1.5% drawdown.
I suppose real trading will be different!!!
Biedrs kopš
41 ieraksti
Oct 16, 2015 at 22:04
Biedrs kopš
41 ieraksti
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
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
Biedrs kopš
7 ieraksti
Oct 18, 2015 at 06:10
Biedrs kopš
7 ieraksti
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!
For now you where just lucky.
Plan your trades carefully do not base them on your emotions...
Trade your plan!
Biedrs kopš
1948 ieraksti
Oct 19, 2015 at 13:54
Biedrs kopš
1948 ieraksti
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!
Be lucky!
"They mistook leverage with genius".
Biedrs kopš
2 ieraksti
Oct 20, 2015 at 06:05
Biedrs kopš
2 ieraksti
at 11 wins 1 loss at moment. I wont let my emotions get in the way but good advice George you too keiran,
Biedrs kopš
1948 ieraksti
Oct 27, 2015 at 07:20
Biedrs kopš
1948 ieraksti
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".
Biedrs kopš
909 ieraksti
Oct 29, 2015 at 12:26
Biedrs kopš
909 ieraksti
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!
Positivity
Biedrs kopš
10 ieraksti
Oct 30, 2015 at 12:21
Biedrs kopš
10 ieraksti
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.
forex_trader_29148
Biedrs kopš
1916 ieraksti
Oct 30, 2015 at 14:36
Biedrs kopš
1916 ieraksti
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
Biedrs kopš
33 ieraksti
Oct 31, 2015 at 07:30
Biedrs kopš
33 ieraksti
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
Biedrs kopš
1948 ieraksti
Oct 31, 2015 at 07:32
Biedrs kopš
1948 ieraksti
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".
Biedrs kopš
11 ieraksti
Nov 16, 2015 at 07:50
Biedrs kopš
11 ieraksti
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.
Biedrs kopš
10 ieraksti
Nov 30, 2015 at 08:08
Biedrs kopš
10 ieraksti
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...
Biedrs kopš
10 ieraksti
Nov 06, 2016 at 07:56
Biedrs kopš
10 ieraksti
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.
Biedrs kopš
6 ieraksti
Nov 07, 2016 at 08:02
Biedrs kopš
6 ieraksti
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.
Biedrs kopš
427 ieraksti
Nov 09, 2016 at 07:12
Biedrs kopš
427 ieraksti
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
Biedrs kopš
1948 ieraksti
Nov 09, 2016 at 22:37
Biedrs kopš
1948 ieraksti
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".
Biedrs kopš
45 ieraksti
Nov 15, 2016 at 16:09
Biedrs kopš
45 ieraksti
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!
Biedrs kopš
427 ieraksti
Nov 22, 2016 at 15:20
Biedrs kopš
427 ieraksti
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
Biedrs kopš
1948 ieraksti
Nov 22, 2016 at 16:59
Biedrs kopš
1948 ieraksti
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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