Yeah that's the point, we're supposed to be creating conversation that will help us to challenge our current strategies in different ways, to see if it makes it better or worse. I'm not saying listen to what everyone tells you, and do exactly what they tell you to do. We're supposed to be challenging each other intellectually, instead we're not even talking about trading at all. Also the first part of your statement seems like a bit of an conspiracy theory, but my answer to that is still even if they weren't sent in by the finance industry, you shouldn't just take what they said directly from the forum and go live trade with it. This is my last comment back on comments with the pessimistic attitude. If anybody actually wants to talk about actual aspects trading though, I'll be following the thread.
Who's consistently profitable on the monthly basis, what change made you go from red to green?
- Thread starter Aquamain
- Start date
Yeah that's the point, we're supposed to be creating conversation that will help us to challenge our current strategies in different ways, to see if it makes it better or worse. I'm not saying listen to what everyone tells you, and do exactly what they tell you to do. We're supposed to be challenging each other intellectually, instead we're not even talking about trading at all. Also the first part of your statement seems like a bit of an conspiracy theory, but my answer to that is still even if they weren't sent in by the finance industry, you shouldn't just take what they said directly from the forum and go live trade with it. This is my last comment back on comments with the pessimistic attitude. If anybody actually wants to talk about actual aspects trading though, I'll be following the thread.
Trading after awhile is boring as hell, come to this forum and read a bit, for fun and once in awhile find something that stirs ideas, isn't that what forums were made? You are posting so that means you not trading?
Secrets, LOL. There are extremely few secrets in trading, and we all think we have at least one, usually they are formed by using something the average public didn't think or have the ability to do. The traders who make the most money are the ones who take trades that the other 99% won't take, they found a way to manage risk.
Ability: This is education of Price. Now someone who just started to learn compared to one who been doing so decades, both are going to think in way different terms of what they see. Many have given out nuances of day/long term trading, but if you don't have the education of knowing what they talking about, it is forgotten as soon as it is read. Youtube is much more visual where you can see in delayed time examples, forums like this are not geared to video, it is to form ideas that one can take and go off on their own.
I don't believe trading is red to green or a last thing to do before being profitable, it is a slow grind to understanding Price, learning to adapt to constant changing of Price and reversion to the mean.
I'm sorry to hear that.. But you are making it sound like it can't be done(being a profitable retail trader)...
Exactly. +1.
Well since we seem to be the only two people talking about actual trading, the way I went from red to green was understanding risk management in a COMPLETELY different light. It's something that I had never thought about, but once I read about it, it changed things around pretty quickly. I'm not green every single day, but from month to month I do pretty well. After I learned this entry became a lot less important, but exit was still a major thing, that I had to take another month to get down. I don't even use any indicators other than support, resistance, and volume.
No need to be sorry. I have not seen it done in 5 years of playing on forums. I joined here hoping to find one here. Not that I am after his technique since I am already happy with my own. But, I'd still like to see one because it's such a rare sight.
What instrument do you trade?
Forex. But I believe all financial markets are similar. So, unless for something very exotic, I believe I would recognize something works for other markets if I saw someone with it.
Mirrors -- you may buy/hire it, but to know whether the mirror is good before buying it one may ask the vendor test it on you. If the mirror immediately reveals something you did not realize your were doing, not knowing, or misunderstanding, you will be able to know whether you are heading in the right direction.
One last thing, knowledge is not enough. Capital is the king.
Knowledge and capital rarely meet. One solution: knowledge paid for with profits from capital. Win/win
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