Coulda, shoulda, woulda..... a losing game. -
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thread: Coulda, shoulda, woulda..... a losing game.

  1. #11
    Junior Member tsukiko2k5's Avatar
    14
    . . .get yourself - cash will follow - how easily we undermine ourselves if we do not believe we deserve it.

  2. #12
    Junior Member Mokika_stn's Avatar
    14
    I really enjoy this guy a lot. The very best things he said is,'maybe I'm not dumb enough' to trade successfully. You are onto something , my buddy. My advice would be to stop. I think successful traders are born, not made. What does the discepancy between your demo and real accounts inform you?

  3. #13
    Junior Member vicdock's Avatar
    14
    Its not you man its market right now.


    Failer is only that if approved as the last result. . .otherwise its mearly a speedbump on the long hard road to success.


    Dave

  4. #14
    Junior Member barbaragg1609's Avatar
    6
    If anyone is under the belief that this is some sort of get rich quick scheme - I have news for you, this is more like a get broke quick egy.


    You will need to use yourself, egize, understand money management and much more... Why is it that when performing your PhD you'll gladly use time and effort ahead of your finals, but if it comes to Foreign Exchange we seek instant gratifiion.

    I took my $120 to $1000 within 1 month. The main reason I lost later is becuase is determined to digress from the egy. I traded after each day, took 10 pips and grew my lot dimensions as my capital grew - all went well. It becomes too easy to earn money, we become greedy, reckless and then it becomes everybody elses fault (including the market) except mine.

    I assembled - and still continue to a wealth of knowledge on this particular forum. Now I am well on my way to achievement since I had to teach myself (not compel myself) to become disciplined in my trading egy - it is no more a hobby or part-time job, but my livelihood! The added bonus is that I have become more edued in my daily life.

    So, be honest with yourself, do some soul searching and know your purpose - achievement will come, be it in Foreign Exchange or some other selected livelihood. We can not all be doctors, we can not all be fx traders.

  5. #15
    Junior Member Mokika_stn's Avatar
    14
    Trading FX is a get rich quick scheme. If you're good, you will get rich fast, if not you will go bankrupt, try again, browse all of the stuff everywhere.... But when you get rich, it's faster than any body imagines.

    If anyone is under the impression that this is some kind of get rich fast scheme - I have news for you, this is more like a get busted fast egy.


    You need to apply yourself, egize, understand money management and much more... Why is it when performing your PhD you will gladly apply time and effort before your finals, however when it comes to forex we seek immediate gratifiion.

    I took my $120 to $1000 within 1 month. The main reason I lost afterwards is becuase is determined to digress from the egy. I traded after each day, took 10 pips and climbed my lot dimensions as my capital rose - all went well. It becomes too easy to earn money, we become greedy, reckless and it becomes everybody elses fault (including the market) except mine.

    I gathered - and still continue to - a wealth of knowledge on this forum. Now I am well on my way to success because I needed to teach myself (not compel myself) to become more disciplined in my trading egy - it's no more a pastime or part-time job, but my livelihood! The additional bonus is that I have become more disciplined in my daily life.

    So, be honest with yourself, do some soul searching and know your goal - success will come, be it in forex or another chosen livelihood. We all can not be doctors, we can not all be fx traders.

  6. #16
    Junior Member OXRAYNLATIN's Avatar
    12
    If anybody on this forum would like to trade my live account for half or even more (negotiable) of their profits to show me wrong, you can contact me at. The results could be published in this journal.
    This is what annoys me off. My account (starting $2800) was down as low as $100 (quite recently) and today stands at $786. Its had its ups and downs but never, and I repeat never, have I given up and asked somebody else to do my job for me. With the support of money-talks fundamentals diary, efexs diary on direction (which I suggest that the read) along with also a modifiion of his egy and, of course, bobz's technicals reenforcing my wave thoughts, I have begun to turn this ship around.

    When I could do so, you are able to. I really don't do positive reenforcement ffwuc. . .mostly I'm a kick'em while there down kinda guy . . .myself included. But some people today have to be kicked. . .and the above quote deserved it.

    Get reading, receive humble, get individual, get over it and you will receive it back... and more.

  7. #17
    Junior Member laura.delgaado's Avatar
    27
    Maybe you should focus more on learning to save and less time on supplying advice. This is some of the rubbish you have taken the opportunity to compose. You had the courage to admit you awakened, I will give you that.

    Quote:
    lt;TABLE cellSpacing=0 cellPadding=6 width=100% border=0gt;lt;TBODYgt;lt;TRgt;lt;TD class=alt2 style=BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px insetgt;Originally Posted by jamie12
    Good point. R:r ratio is among these things made to make people eliminate money.
    Lt;/TDgt;lt;/TRgt;lt;/TBODYgt;lt;/TABLEgt;



    Quote:
    lt;TABLE cellSpacing=0 cellPadding=6 width=100% border=0gt;lt;TBODYgt;lt;TRgt;lt;TD class=alt2 style=BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px insetgt;Originally Posted by jamie12
    How much you win or lose is undoubtedly the least important thing in trading. What matters is how much you really win/lose and how often. Rratios on individual transactions imply nothing.
    Lt;/TDgt;lt;/TRgt;lt;/TBODYgt;lt;/TABLEgt;



    Quote:
    lt;TABLE cellSpacing=0 cellPadding=6 width=100% border=0gt;lt;TBODYgt;lt;TRgt;lt;TD class=alt2 style=BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px insetgt;Originally Posted by jamie12
    I don't know why folks set up to win only a small percent of the time. You can always risk 3 to win 1 and be profitable. Every one says'oh, you have to win 80 percent of their time' or something like that. My response is,'so?' .
    Lt;/TDgt;lt;/TRgt;lt;/TBODYgt;lt;/TABLEgt;



    Quote:
    lt;TABLE cellSpacing=0 cellPadding=6 width=100% border=0gt;lt;TBODYgt;lt;TRgt;lt;TD class=alt2 style=BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px insetgt;Originally Posted by jamie12
    I am not going to insult your intelligence by exaplining the fundamentals of probability, but you're wrong. This isn't an opnion, it's a mathematical fact. If you are able to win 1 80 percent of the time and shed 30 20 percent of the time, you'll be hugely successful. Sure, if you've got one loss you've got to then win three occasions to break even, which is where you're getting stuck.
    lt;/TDgt;lt;/TRgt;lt;/TBODYgt;lt;/TABLEgt;

  8. #18
    Junior Member laura.delgaado's Avatar
    27
    Alright, I believe that the point is made here. Some people are not cut to exchange FOREX. But, since it is a FOREX Forum, this seems to be counter productive...
    I'd love to just close this thread, but in fairness I shall move it to egorized and you can commiserate there...

    Scott

    Moderator
    I dont' think we ought to hide someone who has the courage to admit they lost their account. Truth is, it has happened to almost everyone on the forum. You would be performing a service by letting others view what happens when you don't take this seriously. Banishing them into the corner merely feeds the hype that anyone can succeed. There's an unpleasant side to Forex trading and it needs to be discussed.

    When a broker scews you you are welcome to post but if you screw yourself over the thread is closed?

  9. #19
    Junior Member OXRAYNLATIN's Avatar
    12
    4.

    This is where the thinking about”somebody please exchange my account for me since I'm a ditsy blonde who can't think for herself” awakens in.
    Sure if a person wants to help me exchange my account back to break even around US$3000 that would be a great help, and would save me 3 yrs. But will it just be letting me off the hook? And leaving me vulnerable to burn and crash. The simple path is never simple.
    vindiion.

    Thank you....Thank you... I'll be here all evening. Tip your server.

  10. #20
    Diallist wrote:
    There are many very good systems available at no cost. Pick one.
    I have seen this kind of thinking on many different trading message boards. It's popular with new traders because it gives them hope that profitability is easy to achieve and just round the corner. I hate to throw cold water on the optimistic newbies here but investing is a really competitive business. I have also seen the many threads that say something like, I have been searching for a great system for the past 3 years and haven't found anything that works. Please Assist!

    How can you reconcile these two disparate viewpoints?

    My very own editorial on the issue is that there might be a number of very good systems available at no cost on the market, but great in this circumstance does not equal profitable. The majority of the so-called fantastic systems require that extra special something else to make it profitable. If you join HoppingLizard v1.7 with some thing else you come up with a profitable system. However, this begs the question, if HoppingLizard is in reality such a fantastic system, then why must it be combined with anything? Simply program its principles into an EA, and you will have your response as to how great a particular system is. It should stand by itself and make a favorable expectancy on its own if it's great in my book. Systems that have a negative expectancy are rubbish in my novel - which applies to the majority of the systems posted on this and other trading sites.

    The other thing that's often implied is plogy. When I had more subject then I would be profitable. Or when I had less fear or greed, I would be profitable. There are lots of mental gurus that have popped up in the trading world who spoon feed traders exactly what they wish to hear. Allow me to provide you with a simple fix for the huge majority of your trading emotional problems. It is a profitable mechanical trading system. The crucial phrase is mechanical. If you can set up your system to auto trade for you then it's even better. If you design your system and are familiar with how it transactions and performs, many of the perceived discipline/plogy issues evaporate, and you are be able to concentrate your attention on what is really lacking with respect to system functionality. You still need area to sit on your hands and allow your system to exchange the market even when it does stupid things that you would never do if you were trading the account .

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