Haha Nology: You have hit on the ultimate question: where is greed not good? The classic situation of Deal or No Deal (ever see that TV show?) IE) You banked 1000% return, now do you stick around 2 or 3000%? Odds are certainly no better than when ...

How to be a real trader

Nice. Let me take it one step further and pinpoint a cornerstone: Trading for trends vs. chops is not as simple as taking the inverse of the trades in both accounts. IE) Account one: Long, Short, Long Account two: Short, Long, Short All trades at ...

How to be a real trader

I do not live off of Forex. This is a foundation that others find appealing... the chance to risk 1% of their portfolio to gain 50% on the entire portfolio in a year. Ultimate risk return...

How to be a real trader

Thread title makes me laugh

Unimportant fellow's equally unimportant journal v2.0

I think the best transformation that has happened to me is to remove expectation that the market will be obedient to my trades once they are placed. Contrarily, a stop loss and take profit level are simply ONE possible end game.... most of the time ...

How to be a real trader

Neat 7bit

pattern matching

Thank you hedginghog! I am a quant. That is pretty limiting, but it is also why I say that I am "an inch wide and a mile deep." My inch is simply measuring momentum in a chart, and either betting that it will continue, or reverse. The complexities ...

How to be a real trader

dt, Concur. Very few pass through the gates of success. I don't give away the work for free, though I do share my nuggets out of generosity from time to time.... all in the faith that someone will contribute something I haven't thought of and get my ...

How to be a real trader

Thanks Spekitox.

How to be a real trader

I trade strictly EURUSD on both accounts. For simplicity, let's say that each account is 10K. On January 1st, I begin trading with an exposure of 4K on each account. On February 1st, one account is up 30% and the other is down 25%. For the account ...

How to be a real trader

It is how I actually trade, daytrading. After all my years researching forex, this is what I believe in. It means that I accept my limitations of being able to accurately predict whether a market will be trending or sideways, and still gives me a ...

How to be a real trader

Ouch. To each their own opinion. I think it is good material, but then again: I wrote it.

How to be a real trader

You know, I spent several hours looking at EXACTLY what you are describing. And the truth is, you can make good money doing it. The only problem is, you are already on a hot streak to get to the bigger trades..... And we all know that nothing lasts ...

How to be a real trader

Let's talk about trading, shall we?

How to be a real trader

lsubeano One more thing If I trade two strategies on one account, I am limited to how much margin I can use on each trade, because I may need to open a 2nd trade later for the 2nd strategy. That's another huge point... I ALWAYS only open one trade ...

How to be a real trader

Really depends what you call "Price Action" By J16, you are looking at nothing more than candlestick patterns on high timeframes... So, a system might incorporate some candlestick patterns. For example, maybe a Donchian Breakout with a candlestick ...

People say systems don't work (only pure price action does)

Hello lsubeano! I trade two account because I want to compound one and let the other one fall apart. I get what you are saying. But in the end, often we find a pair in some sort of prevailing characteristic. I do not want a strategy that is doing ...

How to be a real trader

Nope. Nobody knows anything for sure. Otherwise, mortgage your house on that next sure trade ;-)

How to be a real trader

Ah.... "compound the crap out of".... that does not mean not to use money management.... Personally I put 40% of my account on the line, and at the end of each month, if the account is below what I started with, I replace the losses with my reserve. ...

How to be a real trader