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I would describe forex as different rather than hard. It requires a very different trading approach vs stocks, bonds and what have you.

Just to share. My position on adding to winners is that it doesn't work. I based this on extensive back-testing done years ago. After reading this thread, I went to re-visit this idea(cos it's conceptually so sexy). The conclusions are the same. Adding additional positions will increase the...

Different. Not easier.

Hi ktmtrader, I know how you feel. This IS a very lonely job. Motivation comes from being meaningful; which then comes the next question; what is meaningful? Meaningful work can be broken down into 3 main components. 1)Competency (which you probably have 2)Autonomy (which you have) 3)Deep...

Well like I said, there may be situations can be profitable. For me personally, I' have yet to see evidence in terms of back-testing or verified trading records to support scaling in. I guess it depends on what your trading, the time frame, R:R objectives ect... If your testing and trading...

Thank you for taking the time to respond. I think it's only possible to evaluate the probability of success of a setup based on numerous observations. ie. if i trade a particular setup, my records show me that it will be successful 60% of the time. It would be rather difficult to predict...

Hi Laissez Faire, If I understand you correctly you are asking 2 things. 1)Should one vary position size based on confidence of market direction 2)Should I add to winning positions 1)Should one vary position size based on confidence of market direction. Short answer is a resounding "No". Short...

Hello. Welcome to the world of trading. Your question is how do I conceptually define a trend so that a trading platform could apply trading rules appropriately. This is a question that all new comers grapple with when they start. I think everybody here knows that conceptually, an uptrend is...

Whoa, I see at least 9 solid rules here for trading. So much goodness in 3 short paragraphs but new entrants to trading will find it hard to apply in a practical manner.

Amen to that!

What is of concern is that you say "It still is by far no easy feat to accomplish" If you've already done 200-300 trades, you should be going about your business like a production operator with little or no emotion. The only people i know who use the word "hard" to describe trading are usually...

Hey, I know that feeling too. That euphoric feeling you get when you hit 5 straight winners in a row. You feel like you are the GOD of trading and you can do no wrong haha!. I'll share the answer how I fixed my "discipline" problem. Put simply, I journal my trades MANUALLY and in great...

You should already know if you can do 120% or at least the range (80% to 120%). Your prior trading results will tell you that. If you have done 200-300 trades prior, you should be able to extrapolate with some certainty what 2019 will look like.

Thank you for your offer. It is not a trading strategy issue. My trade record (bar the over-sized trades) shows that the system has a positive expectancy. I am looking for opinions regarding trading behavior that causes traders to take over-sized position sizes. You will see similar...

The system is already live for 3 months on a $1000 account. The question is when do you start throwing real money at it i.e. 10k, 20k etc

I know the strategy "works" as I have 50 observations with stable results. I have also posted on another part of the forum (where you have also replied) asking for advice as to how many observations are required to deem the system statistically significant rather than luck (which you also...

What I was looking for was a little more "scientific" answer to the questions. A month will only generate a theoretical maximum of 40 trade observations. Realistically, it will generate 20 trade observations. Hardly enough to deem a system safe in my "opinion" ( I never studied deep into...

I am trading the system live on a small account. The strategy is not the issue. The issue is as described. I am only able to follow the system for 2-4 weeks before the same pattern of behavior occurs. Not taking into account the wayward trades, the system is still profitable.

First and foremost, I have been trading a number of years on small real money accounts. Two, this is a observable, repeating pattern that has dogged me for a long time. The first step in overcoming this is to clearly identify the issue. I have used the term "trading psychology" as I have lack...

I am trading this live on a small account. Question is, how many trades are required before I can safely say that the observations are statistically significant rather than luck.