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Lately I have been thinking differently on some of the concepts expressed in this thread and applied in my trading (Stock and Forex) and I have had the most amazing winning streak: one Month, no losing day, only 3 (very small) losing trades, average daily gain about 0.8% of my capital. And all...

hmmm, I have been trading over 2 years, lost my account a couple of times, now I am getting consistent and I will be leaving my day job to trade full time before the end of the year. I will start with my 30K account, trade w/o leverage or with minimum leverage, I need about 25K a year to live...

Steven, if you are up 11K in a week and then lose it all you are not in control of your trading as you are risking way too much (unless your account is in the 100Ks range) you are using too much leverage and you are making too much. I think you need to slow down and focus on keeping the...

HI JS, not the Oval an not the ones you drew but if you remember the CONTROL PDF from NY the Orientation icon explain it all... explains why I like the idea of being able to draw curves on a chart (Parables and Hyperboles). VO

SC were you long or short?

MS what are you talking about??? JS is a very nice guy, not selling anything but actually sharing with few selected traders of similar mind, me included.

SC, JS, I had some big losers last year, more than one even if not as big as 17KGBP singularly, thing is it took me more time than it should to learn the lesson (still learning it by the way) as getting winner trades is super easy, in fact most of my trades are winners, but then if you get one...

hmmm, wild guess, next couple of weeks markets goes up with short lived rally, S&P futures up to 2000, then maybe the crash starts... Just wild speculation that I will not allow to impact my trading. I am just having fun speculating about who will win the championship...

I am looking for some gamblers to make money from... figure out the how...

Hi RN, I see how you could do that, as unless the entry to a trade is absolutely perfect (best possible entry price) there is always a little price going against you before the trade start working for you, so by reversing keys you'll just have to be quick and take that little profit before the...

:D

JS, Obvious: as a wanna be successful trader I need to put in the work needed to figure out what and how to trade (work and experience), this cannot be taught. as a wanna be successful trader I need to protect my account, so start slow and safe (i.e. trade small, risk smaller) there are...

JS, I am in total agreement with you, there are not two traders in the world that trade exactly the same way... I think that to make money trading there are some general, basic, common sense rules that apply to all traders, but then each one of us need to figure out the rest, especially what...

TO, I agree with you, I have the above points on my desktop as a daily reminder. I offer you my interpretation of point n 2: I think it refers to the possibility to trade choppy price that stays in a range, this is probably seen as noise or something not good for trading but I actually trade it...

DR, I think that figuring out where to place low risk trades helps a lot with the discipline issue as based on that you can build a plan to trade specific set ups and then set your bets and wait for the results. in my personal experience the issue with discipline comes form not having a clear...

JS, I think that with experience and caution the return can come up to 5% or more a week, but, but, but we need to get there step by step. first crawling, then walking then running...

JS, I totally agree with you. DDR: you need to start by making 2K a month consistently, then you can scale up, if you try to make lots of money too soon you will inevitably lose as you will be risking too much. I know from experience after I lost 5 digit sums 3 times last year. Now I am paper...

the only two letter words are TO and DO, I guess JS is thinking of DO...

Thanks RN, as always you are very kind. now it is for me to put some work on this...

well, I think I got SL (Stop Level) and PT (Profit Target), still unclear on A&M...