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Can forex trading make you rich ?

Matt (BluePanther)
Sep 27 2018 at 13:49
1356 комментариев
'The trend is your friend.'



Приложения:


vontogr (togr)
Sep 28 2018 at 05:37
4862 комментариев
BluePanther posted:
togr posted:
Well isn't it better to have system than produces profit from the very beginning, with limited risk?


But of course! Except...

togr posted:
Grab all the smaller profits you can. Do it thousand times and accept bigger loss from time to time.


...if your loss wipes out all your profits - and then some! Better to have small losses, and then bigger profits from time to time?

Mark Shawzin posted:
Most people in this world can't handle it.


Each trader to their own strategy. 😎


Continued loss of 6 months trading is not small, at least I suppose so.

Labibe
Sep 28 2018 at 05:41
1 комментариев
Matt (BluePanther)
Sep 28 2018 at 05:45
1356 комментариев
togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.


I suppose you would suppose correctly. As Mark says:

Most people in this world can't handle it.


From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:



Приложения:


Sublime Markets (sublimemarkets)
Sep 28 2018 at 10:30
27 комментариев
BluePanther posted:
togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.


I suppose you would suppose correctly. As Mark says:

Most people in this world can't handle it.


From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:





WOW that loss is huge!!!

Balakrishna
Sep 28 2018 at 10:36
10 комментариев
Are you just leaving your stop loss open and keeping all losing trades open? it seems like a strange strategy to me. Surely there are better ones that you can use

vontogr (togr)
Sep 28 2018 at 10:39
4862 комментариев
BluePanther posted:
togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.


I suppose you would suppose correctly. As Mark says:

Most people in this world can't handle it.


From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:





With deposit of 500,000 my systems will at least triple it during such period.

kieran (snapdragon1970)
Sep 28 2018 at 10:53
1945 комментариев
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.

"They mistook leverage with genius".
Matt (BluePanther)
Sep 30 2018 at 05:51
1356 комментариев
Balakrishna posted:
Are you just leaving your stop loss open and keeping all losing trades open? it seems like a strange strategy to me. Surely there are better ones that you can use


No, I tried many strategies, but mostly small profits and large losses (including margin calls).

Matt (BluePanther)
Sep 30 2018 at 05:51
1356 комментариев
togr posted:
Well that sucks.
With deposit of 500,000 my systems will at least triple it during such period.


Thanks. Yeah, the system I use now is much better! 😎

Matt (BluePanther)
Sep 30 2018 at 05:51
1356 комментариев
snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.


Yeah, I wouldn't totally agree with Mark Shawzin.

Better to cut the losers sooner, and let the winners run.

niceGLer
Sep 30 2018 at 06:13
169 комментариев
BluePanther posted:
'The trend is your friend.'




How on earth could this work? IMO, I think there may be a serious flaw in this strategy (I don't claim to be an expert..), although there is a lot of money involved.

Seems that in the snapshot presented there might be a long term upward trend, but buying in falling prices might be a bit risky, though.

niceGLer
Sep 30 2018 at 06:21
169 комментариев
snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.


I second you, wholeheartedly. Every time I keep my position overnight or over the weekend I get married to my losing position, and just couldn't let it go. Winrate just drops so dramatically, too.. Probably it is about which kind of personality an individual has..

Better taking smaller wins and losses most of the time, and an occasional winner will do most of the profits.. Probably just like in poker.

LongVision
Sep 30 2018 at 06:35
254 комментариев
BluePanther posted:
togr posted:
Continued loss of 6 months trading is not small, at least I suppose so.


I suppose you would suppose correctly. As Mark says:

Most people in this world can't handle it.


From 2013 until now, my account was traded in a similar manner of taking small profits and sustaining bigger losses. I doubt many (any) people would have sustained such a losing streak for five years like I have:




This is a great recovery. Just take care of your money management for future trades.

The market will trade through it’s path of least resistance .
niceGLer
Sep 30 2018 at 10:19
169 комментариев
It seems that it is really difficult to get any real advice from these forums - with a few exceptions.. Why is that? Do people want to earn more money by selling their hard learned secrets of trading as a signal provider or a coach? Is it so profoundly against human instincts ? Or is it so that an expert is so rarely to be seen here? Or is it so heavily dependent on individuals and individual strategies? At least there should be some universal principles like money management and trading against major trend may be costly.

Matt (BluePanther)
Sep 30 2018 at 10:24
1356 комментариев
niceGLer posted:
How on earth could this work? IMO, I think there may be a serious flaw in this strategy (I don't claim to be an expert..), although there is a lot of money involved.

Seems that in the snapshot presented there might be a long term upward trend, but buying in falling prices might be a bit risky, though.


The Buy trades are a robot that trades counter-trend. Risk is set low.
The Sell trades are my point. The CHFSGD was headed down after hitting LT Resistance. Trend is your Friend.

Matt (BluePanther)
Sep 30 2018 at 10:24
1356 комментариев
niceGLer posted:
snapdragon1970 posted:
I have problems holding a trade over a week with any loss ,just not a good idea for any Trader, better to cut and enter lower, takes time to get into that mind frame but totally worth it.


I second you, wholeheartedly. Every time I keep my position overnight or over the weekend I get married to my losing position, and just couldn't let it go. Winrate just drops so dramatically, too.. Probably it is about which kind of personality an individual has..

Better taking smaller wins and losses most of the time, and an occasional winner will do most of the profits.. Probably just like in poker.


You need to look at the market big-picture. I had drawdowns of up to 40% of my account ($30,000) open, but I kept them until the market turned after two days. You gotta have some faith in your analysis, but you can get it wrong, and that is something you need to have a plan for. Maybe I was just lucky? But I saw market was going to go in my favor. You need to keep perspective.

Matt (BluePanther)
Sep 30 2018 at 10:24
1356 комментариев
LongVision posted:
This is a great recovery. Just take care of your money management for future trades.


I manage money like a gambler. Waiting for the next big move and then hitting it HARD!!!!!

Matt (BluePanther)
Sep 30 2018 at 10:25
1356 комментариев
sublimemarkets posted:
WOW that loss is huge!!!


...over five years.

Made back in less than one month. 😎

niceGLer
Sep 30 2018 at 11:12
169 комментариев
BluePanther posted:
niceGLer posted:
How on earth could this work? IMO, I think there may be a serious flaw in this strategy (I don't claim to be an expert..), although there is a lot of money involved.

Seems that in the snapshot presented there might be a long term upward trend, but buying in falling prices might be a bit risky, though.


The Buy trades are a robot that trades counter-trend. Risk is set low.
The Sell trades are my point. The CHFSGD was headed down after hitting LT Resistance. Trend is your Friend.


Ok. I didn't realise that there were sell positions amidst.

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