How to be successful!! -
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thread: How to be successful!!

  1. #11
    Reducing risk doesn't automatically imply reducing profit, consider from the box for a minute or two.




    'Hope'? Hope plays a part on your trading?




    And what have you come up with? What were you focussing on, technical analysis? Money and trade administration? Other?
    Yeah okay, you can go really small SL, huge ish lot size and huge Rratio, with the right SETUP, it is all about the installation. That was my focus on the weekend.


    Hope is the mind killer ( could be fear to ), I don't believe in hope or luck or another form of BS you shoulda worked out that already.


    Balaclava Sawn of Shot Gun Bank, superb Rbut when it strikes the SL my soap will call for a rope!!

  2. #12
    Senior Member Strikersipk's Avatar
    201
    perfectly okay, it is possible to go quite small SL, enormous ish lot dimensions and enormous Rratio, with the right SETUP, it's all about the installation.
    The setup is not really that significant, it's what you do with all the trade which separates the always profitable traders from the overall losers.

    You're trying to devise methods to improve your analysis, have a much better entrance and so a tighter stop so you can boost trade dimensions, and boost Rso it is possible to make more money. That is exactly what you want, but the market has a funny habit of doing it's own thing whatever you would like. Try accepting and exploiting what the market openly offers rather than trying to choose from it, it's easier and more productive.

    Imagine a trade where your stop is put at a egic level, minimised and characterized risk on entrance, and maximising profit based on how the market plays out. You're considering Rin pips, ie 50 pip stop - 100 pip reward, try including dollar percentage terms to the equation, suggestion: scaling and compounding.


    Hope is the head killer ( might be fear to ), I don't believe in luck or hope or another form of BS you shoulda worked out that already.
    It had been this remark of yours which threw me....for a increased risk in having a bad week and account departure that's hopefully unlikely.


    Balaclava Sawn of Shot Gun Bank, superb Rbut if it hits the SL my soap will require a rope!!
    Lol, definitely! Mind you if it's for a few million and you're able to stash the cash it's not a bad income for a couple years along with your feet up watching daytime TV, trouble is they grab assets now...

  3. #13
    The installation isn't really that important, it's what you do with the commerce that separates the always profitable traders from the entire losers.

    You're attempting to devise methods to improve your analysis, have a better entry and therefore a tighter stop so you can increase trade size, and increase R:R so you can make more money. That is what you want, but the market has a funny habit of doing it's own thing regardless of what you would like. Try accepting and harnessing what the market freely offers rather than attempting to choose from...
    I disagree, it's about setup/entry and the tighter the SL you try to use the more the installation becomes important.

    Then its all about the exit, rather confident the more optimistic the better.

    Setups and Market timing put you at a position with a high probability of earning a getting a bigger movement for a smaller SL

    I could use a couple of decades off, it would need to be sufficient to move someplace nice and retire , not the normal chav rob #20 and invest #30 in gas only doing it.

  4. #14
    Senior Member Strikersipk's Avatar
    201
    I disagree, it's about setup/entry and the tighter the SL you attempt to use the more the installation becomes important.
    Lol, right, just! So you are having to concentrate on the same matter as 90% of people here do, you are trying to devise more accurate analysis/indiors/systems to expect what the market is going to do rather than accepting and exploiting what the market actually does do along with the profit possible it freely offers! In my mind you are making work for yourself, and what is more it's not generating the desired effects for you.


    Then its all about the departure, preferably positive the more confident the better.

    Setups and Market timing set you in a position with a higher probability of earning a getting a bigger move to get a more compact SL
    Okay I can see it's going to be pointless pursuing this any farther, your tunnel vision is preventing your advancement...

  5. #15
    lol, correct, exactly! So you're having to focus on precisely the exact same matter as 90% of folks here do, you're trying to invent more accurate analysis/indiors/systems to anticipate what the market is going to do rather than accepting and harnessing what the market actually does do along with the profit potential it openly offers! To my mind you're making work for yourself, and what's more it is not generating the desired results for you.




    Okay I can see it is going to be pointless pursuing this any further, your tunnel vision is preventing your advancement....
    I have quite a good strategy, tested and rear testing wise proved, using it live is catchy mainly cause of I'm never around when it is worth investing it.

    I prefered my previous swing tradey method, next to no winners but market conditions changed and it died the death.

    My required profits will need to be in the 50%at first per month, here is no point me trying to come up with a 12% per year plan, it will not cover the bills anytime soon.

  6. #16
    Junior Member stefys28's Avatar
    5
    ...
    In my mind you're making work for yourself, and what's more it's not generating the desired results for you.
    ...
    Excuse the butt-in, but is there a thread where your doctrine for trading can be absorbed.
    It'd be wonderful to get another perspective, thx.

  7. #17
    Senior Member Strikersipk's Avatar
    201
    Excuse the butt-in, but is there a thread where your philosophy for trading could be swallowed.
    It would be nice to get another perspective, thx.
    I think that a thread would be overkill, it's a really simple easy to comprehend idea and to be honest is the essence of'trading'.

    Attempting to find and tweak systems and indiors to try and pinpoint entrance and more accurately predict price direction and target is a somewhat futile exercise as many will testify from experience. Minimising risk and maximising gain, despite being rather obvious objectives, will continue to punish people who insist on looking in the wrong direction, a major contributing factor in the collapse stats no doubt!

    As Soros so succinctly put it....It's not if you're right or wrong that is important, but how much money you make if you're right and how much you lose when you're mistaken. . That quote alone should at least provide food for thought and highlight what is critical.

  8. #18
    I feel a thread could be overkill, it is a very simple easy to comprehend concept and to be fair is the essence of'trading'.

    Trying to discover and tweak systems and indiors to attempt to pinpoint entrance and much more accurately predict price direction and goal is a somewhat futile exercise as many will testify from experience. Minimising risk and maximising gain, despite being fairly obvious objectives, will continue to elude those who insist on appearing in the wrong direction, a major contributing element in the failure stats no doubt!

    As Soros...
    Perhaps you have not see my stated many times you can't predict, you can simply go with the flow and see what happens??

    I never run TP's so I haven't any fixed R:R goal. Even putting trailing SL's back to the mix to reduce the expense to additional increase the R:R.

    I love to take transactions, where I have a initial risk of 15 that could go say 60pips so R:R 4:1, should they move 6pips and look like there will turn I'll take it ( simply took 6 on GU doing this )


    I think you do not realise it, but your preaching to the quire here.

  9. #19
    Senior Member Strikersipk's Avatar
    201
    I believe you do not realise it, but your preaching to the quire here.
    I'm not preaching to anyone, least of all a heap of paper (although the IQ of some forum participants could be similar!)

  10. #20
    I'm not preaching to anybody, least of all a pile of paper (although the IQ of some forum participants could well be comparable!)
    It comes on that manner.


    Wrong kinda quire I figure, all the spell checker came up with, not being a church goer dunno the spelling to, you currently the 1's the priests prefer to fiddle with.

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