not fluent yes....
not fluent enough to be a pro at it,that means to teach English literature in a university and make a living out of that fluency
Almost everyone is lying. Because there's no such...
- Thread starter DeadTrader
- Start date
not fluent enough to be a pro at it,that means to teach English literature in a university and make a living out of that fluency
41 percent of Americans are considered Limited English Proficient (LEP). Limited English proficiency refers to anyone above the age of 5 who reported speaking English less than “very well,” as classified by the U.S. Census Bureau.
Thanks but i don‘t feel like one. This is the fifth time (I think)in my life I have been called that but I actually feel quite dumb. It has taken me a LONG time to learn trading. What looks like genius I would simply call experience learned after thousands of FAILURES and finding my own way to eliminate and circumvent them.
It is true I use what one trader recently said about me....run of the mill TA..but in conjunction with price action. And that has taken me a long time to learn and I am still learning.
You took it ALL wrong. I was not vomiting on the guy. I was actually trying to encourage him. You can fail...you can get broke..but you can keep trying without money and finally learn. The market tries to take your money and leave you broke (as in the cartoons) but even though you fail over and over you can come back and be successful (Edison).
Hi
I'm a coder and data scientist. I have been working on trading for over 2 years. Spent lots of money. Every trainer i have paid lies. Because, there's no profitable system. If there's, nobody will teach you what it's. Trading is a zero-sum game. Your odds are same in Vegas. There's no such profitable trading system.
For example:
ForexSignals - Andrew Lockwood
He claims he's trader but i have never seen his real account. He make money by selling products.
Warrior Trading - Ross Cameron
Ross claims he made $500 to $100K in 45 days or so. He has a new challenge and he claims he made 1 million but it took years. If he could make $500 - $100K, why not keep doing the same? If you can not trade with a lot of money, you can still trade with $500. All he teaches is how to trade flag breakouts.
Warrior Trading - Steve Dahl
Steve Dahl is a showman. He claims he's trading. He never shows his statements. He says something like it's against the rules. All he's doing is, marketing his product TAS Market profile. His stoploss is like 250 - 350. Not for every trader. He trades trades futures (!).
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And here are some so called profitable strategies...
Order Flow Trading
There's no such thing. You can see supply and demand (support / resistance). However, price is never overbought or oversold. Price is always right. There are anomalies but they are not easy to see. There's 50% probability that S/R will be broken or bounce. You can never know if someone going to click on the market buy/sell button.
Price Action
Even my random chart generator does have price action. It's all random and there are trends...
High Probability Chart Patterns
Nope! HS, engulf, pin bar... All of them tested. Your chance is still less than 50%
Trading Algos
They are not fake and profitable until they become losers. Most of profitable algos risk 4 or more to get 1. One day, they will lose all the money
Backtesting #1
I have coded a random trade simulator. This script enters a trade randomly. 1:1 RRR and traded more than 10.000 (simulated). However, system never but never won more than 49%. (no spread or commissions calculated). You can say, if there's 50% probability, how come system can not win %50? Of course it can not win. We have stop-loss at the same range. Sometimes, market stops us and goes back to target.
Backtesting #2
I have created a simple moving average strategy and put the script in a loop to find the best matched values. After a few hours, i had enough data and plots. However, i strongly believe that, winning algos will lose by time. Everything changes. They worked in the past and it doesn't necessarily means that it's going to work in the future.
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Market is always right. It goes, where it wants to. We can never know the future. Some says, we don't know or predict future. We see and trade "now". It's not true. "Now" is the future. All you see is the historical data. Our brain is used to perceive positive things. That's why it looks so easy. It's not!
There's no scientific study that proves trading is profitable. Come on guys. Really? Don't you think that there are profs trying to find some scientific evidence? Don't tell me about momentum. It's all luck... That's it.
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Everyone says aim for 1%-2% return per month. Lol! How can you trade for living? Assuming that you need at least 3-4K per month. So you simply need 300-400K account to make 3-4K per month.
I know there are trainers here. Please stop stealing peoples dreams. Most of you claim that your course is not get rich quick scheme but it's. You are advertising like it's.
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Nobody can have 50% win rate with 1:2 RRR consistently. I'm almost sure about that. Here's the simulations i have done.
Initial balance: 10K,
Risk 1%, win-rate: 50%, rrr: 2, simulated 500 trades (~2 per day)
Results: 114509.51, 77677.79, 92915.19, 241527.18 etc...
if Risk is 2% result is something like 2,513,901.02... x250 in a year!
Risk 1%, win-rate: 40%, rrr: 2, simulated 500 trades (~2 per day)
Results: 42756.02, 34693.05, 23534.11, 36827.51
If you have a system 1:2 rrr system and your win rate is 50%, you are lying or you are lying. Because we both know that you don't have such thing.
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Now why am i writing all these? Because i have started to find some patterns 2 years ago with hope. I was almost sure that i could do this. Hundreds of times, i tought i became millionaire. But there were always bug in the system. Failed tens of hundreds of times. Most of my trades stopped by a few ticks only or missed by a few ticks.
I'm working on this for 2 years and i have nothing left. It's like addiction. I know i will not be able to profitable but i'm still on it. Even if i can find a profitable strategy i will not be able to trade because no more balance left to trade. Actually I have found one. But it's all historical... It worked last 10 years and i doubt it will work tomorrow.
I know i know, most of you will call me loser and get mad at me. You are right. I'm a loser. I accept in advance and still love you. This is just my opinions. Like everyone says, these are not financial advice
Now i can go in peace...
You've fallen down tens of hundreds of times. You've determined tens of hundreds of things that do not work.
Taking a break is most likely your best option atm.
If you ever return and decide to keep going, explore other possibilities than those that are in the same class as you have explored.
Simply, if you lose your keys, instead of looking repeatedly where you have looked, look in places you haven't looked before.
As for your certainties, they are only true for you and others whom think like you and have similar belief structures - all of which determine what you have the ability to perceive.
It may be that trading is not for you. It's not for everyone, otherwise everyone would be doing it.
Enjoy your piece of mind, it's quite valuable - and it's quite possible to be a trader and have peace of mind.
Maybe I can input some real world working advice and know how, ready..
You don't have to and " most likely" should not "trade" each day
This is a good start I think..
You don't have to and " most likely" should not "trade" each day
This is a good start I think..
OP: there is no easy answer. Get more comfortable with statistics and probability. If the probability of success is 60% then 4 out of 10 draws in the long run will be failures.
Or in the case of @destriero every draw. HOW DOES IT FEEL TO BLOCK ME I CAN MOCK YOU.
Or in the case of @destriero every draw. HOW DOES IT FEEL TO BLOCK ME I CAN MOCK YOU.
Ok lot's of users claims that i have come up this idea only in 2 years. Ok but trading is not something like you need to stıdy for years. Learning English is not like learning trading. They are completely different. Learning trading is like getting used to a console game. Yes you can get better as you train hard but it's not like that for computers...
So, I'm here and telling that trading is not that profitable. You need to have at least 400-500K and enough patience to be able to make small income. There are some studies. Most of them are done by professors. Show me a successful one please?
@padutrader for example you have enough experience but i doubt you are profitable. No offense here. Show us your statement? If you can say "I'm profitable" so there's no problem showing your statement.
No you will not be able to make money. You can not consistently make money. A working system will stop working in the future and you will keep trading your so called consistently profitable system.
I am actually a GREAT at coding. So I know how to code algos including deep learning and etc. I'm saying it's not possible and forex market is random...
So, I'm here and telling that trading is not that profitable. You need to have at least 400-500K and enough patience to be able to make small income. There are some studies. Most of them are done by professors. Show me a successful one please?
@padutrader for example you have enough experience but i doubt you are profitable. No offense here. Show us your statement? If you can say "I'm profitable" so there's no problem showing your statement.
No you will not be able to make money. You can not consistently make money. A working system will stop working in the future and you will keep trading your so called consistently profitable system.
I am actually a GREAT at coding. So I know how to code algos including deep learning and etc. I'm saying it's not possible and forex market is random...
This clearly proofs why trading was a huge failure for you. You have no clue what trading is, and also no clue how difficult it is to learn it and become consistently profitable.
Play some computergames then and try to become a good trader.
I am actually NOT GREAT at coding. So I don't know how to code algos including deep learning and etc. I'm saying it's possible and forex market is not random...