And yet there are 20 pages of suckers jumping on it anyway. There may be no lesson here for you to learn but there is for some.

Never Lose in Forex - Guaranteed

The results are unexpected when you see how profitable commercial systems trading sales are. People just want the one thing that's going to make them successful regardless of how unrealistic it may be or how much it contradicts their internal common ...

Never Lose in Forex - Guaranteed

So I just got done watching this, and I have some comments to make. It starts off with some popular advice on limiting risk and "watching your ass" above everything else, but he seems to trade based on fundamentals or vague technicals (in ...

Paul Tudor Jones- "Trader"

Thanks for the share, going to have a watch!

Paul Tudor Jones- "Trader"

Voted no...just believe that if you have a good setup you should know where it's invalid at. If it goes invalid, kill it immediately and eat the loss...doing anything else is relying on hope / gambling.

How to rescue a losing position?

The easiest way to do this with a price action setup is to place the stop right where the price action has by definition been invalidated. A common example for a pinbar is right above or below the nose. If you're trading with moving averages and god ...

How can I be sure that my SL is in the right place?

Paper loss and real loss are exactly the same thing - you can't withdraw the balance from your broker.

EURUSD

It came out here yesterday AFAIK. Was told it was good but that they were disappointed in retrospect that they condensed the other LOTR books so much.

EURUSD

Voted no...eagerly anticipating the climax to this thread.

Never Lose in Forex - Guaranteed

If he closes out with break even or profit he won't learn his lesson. Sometimes you need a good dose of pain to make you remember from your mistakes...especially after compounding on them. Anyway I'm 75% sure he's a troll.

EURUSD

Thanks for the clarification, that makes more sense.

How to rescue a losing position?

Sounds like averaging down, with a twist. Not sure how that helps much as you lose profit when you are right by not adding your full position at the start of winners. While it does soften losers at least up to maximum position size, it just seems ...

How to rescue a losing position?

It wouldn't surprise me at all if it were true, because there's worse out there today and there are still plenty of gullible people buying just like back then. Just look at how profitable the "Nigerian prince" scam has to have been by how long it ...

Never Lose in Forex - Guaranteed

Interesting post....in either case, reject or break, there's the potential for a great setup if price action verifies. No reason to have a bias, just watch what it does and play it I think.

EURUSD

How much did they have to pay for that??

Never Lose in Forex - Guaranteed

I think more importantly it would be interesting to see what kind of drawdown this person was experiencing. High win rate but huge drawdown is the hallmark of the martingale loser.

How to rescue a losing position?

Agreed, and it makes no sense to hold both positions at the same time. Most brokers won't allow it anyhow.

How to rescue a losing position?

If anybody could get out of paying their dues to the market from an already losing trade with any consistency, they would be a very rich person indeed. I would think that over. It's the holy grail except flipped - instead of looking for the ultimate ...

How to rescue a losing position?

I've never seen the point of hedging for trade purposes If you're going to hedge just stay out of a position, you save yourself spread fees. Then again maybe I'm just missing something others see. And yeah, that seems to be way more ...

How to rescue a losing position?

The only option is to close it. Hedging won't work because if price does start heading your direction you're going to lose the same amount you win back. Next time be responsible and eat your loss like a pro before it becomes too large to swallow.

How to rescue a losing position?