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What's the difference between trading and gambling? It's a question I keep asking myself. I guess the difference lies in having a plan with a positive expectancy. I do not have complete plan and I haven't been good at keeping track of all my trades, but I did take screen shots of most of my...

At the moment, I am INTJ, but I got a feeling that things could change.

Confession #8: I am grateful for all the help I have been getting. I am surprise that I am getting advices from so many successful traders here. Confession #9: There are other two successful traders that I respect and they haven't post in this thread. The two traders contribute to the...

Please update us on your trades. Thanks! PA

I understand forex is tough, and that is why I am not putting a lot of money into it. One day when I have accumulated enough money, I might open an account to trade stocks. In the mean time, I will just trade in the forex market.

It was definitely a mistake, but it was something I stubbornly had to do to see if entry matter--especially when some leading experts mentioned that once you are in a trade, everything is by chance. My next attempt will based on trend and gyration.

I don't know how I could be more positive on trading, since I have been losing for the past 7 years. But I will try. I will begin by first viewing my past 7 years as just typical drawdown period (7 years of dd! grrr!) I will also focus on the process rather than the PnL. I remembered a...

Thanks for the advice. It is easier to change myself than to change my environment. I will keep track of every trades I made and review them religiously.

Thank you for the advices and for confirming my beliefs. I now have more confident in my system. Now I will need to work on being patient and on identifying and entering all set-ups.

Here is a chart of the EUR/USD I traded with a really small amount. I got lucky in the first trade, but I wasn't that lucky on my second trade. I should have been more patient on my second trade. The first trade was made based on the gyration of price. The second trade was based on the...

I haven't made that many trades, since I couldn't scalp with forex. My last attempt was using a random entry method. Win % was only 38%. The error I have made was using the same fixed pip stop and exit for all currency pairs I trade. I did not take the volatility and the spread of each...

I think I am unwilling to change because I don't know what is it that I need to change and what is it that I need to change to.

I am a stubborn person and don't know when to give up. Also, I really enjoy the problem-solving aspect of trading. It bother me tremendously by not being able to become a successful trader. I also understand I am human and my ability is limited. If I keep pushing myself toward this...

Those are the exact questions I am asking myself when I see all three of my trades in red today.

I am actually trading the forex.

The problem I have is coming up with the %. I just assume that the market is like a coin-flip (either go up or down) and use 50% as my probability. I know this is an optimistic percentage, because of all the manipulation going on in the market. If 50% of my trades are profitable, I would...

I set my stop-loss and exit right when I make my entry, but I guess my exit could sometime be too far off. I should look at the price action to determine if my exit is reasonable. (not gonna use the word "probable", because I don't know the probability)

Yep, I never fully-invested my entire liquid net worth in trading. I invest a minimal amount until I have a proven winning strategy.

I am glad I am heading at the right direction and it is good to know that my problem can easily be fixed. So, what kind of strategy are you referring to? Entry strategy? PA

I have been trading on and off for 7 years. Over those 7 years, I have slowly learning and unlearning what trading is about. Confession #1: I read the book by Mark Douglas and I believe in what he mentioned in his book. Confession: #2: I am close to "getting it" because I now see through...