Hello Ryan, Posting here since I much appreciate your honesty. From my own experience, I've met in person a PRO trader doing etremely good for more than 10 years (with no single drawdown). His story was a little different but a similar in one major ...

The REAL Traders Video Journal, 3-5% per month as a US trader

Hello Phil, Thank you for your sage words. You are so right and it's about real life experience. Actually, I don't disagree with CookieMonsta but trying to subjectively unvail something from an angle I'm sensing the live trading now. And I entirely ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, Thank you for your kind feedback. No, there were no formal statements on my end. Who I'm to make any claims here? If it went to speculative allegations, then I would just adhere to the following: Retail Fx Spot is constructed so ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, I should articulate the formula correctly: In Fx retail a humble retailer may profit provided his awareness that other retailers (majority) are losers. Concerning the blowing up likelihood, I would call it merely gambling if live ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Ego, no doubt. Ego in both personal life and career. No touching personal life, presumably, a monk would not have an Ego to become CEO or billionaire. Latest FTI did not have that CEO Ego capabilities. But he was, IMHO, right about life and ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, I will appreciate whatever your statements or thoughts are. Actually, I'd accept critical and even provocative ones. First, to structure my previous posts further. I would like to refer to Jupiter's thread as I read his message: ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, Excuse me to come across your discussion with Phil. It's another nice post of yours. Might serve as a manual. Just to add, TF and corresponding scew/leverage picking up might depend on current flow, volatility. E.g., one can ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, Thank you for your question. Even if that was not or just a rhetoric, I will specify my meaning of the cowardice in the previous post. It implies an outcome. E.g., one may watch price movement and analyze it but he/she never ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, It's great to follow you persistent in your Journey and I believe that the sort of brainstorming you expose here is indeed helpful. As regards the Ego point in trading, I would make a comparison (in effect not any new and it has ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, I'm unsure if it's in line with your current mind flow. Thus, I would agree there's a dilemma between "friendship, genuine experience sharing vs its abusing by cons, or distraction, etc." So, I'm bearing in mind the following of ...

(binned per thread starter’s request) CookieMonsta's Journey Into

We've certainly been there: overcommit, too aggressive. That what is likely to be overconfident and over leveraged. The way I'm practising is as follow: read a strategic picture, enter on your strategic point; if scouts are sauccessful, add and make ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, That's right. And that's why to me it's a dilemma. Because Preservation of CAP is number 1. Then, if you are skillfull enough and do have nimbleness and capital to react to further unpredictable, you may converse the Rescue into ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, These are sound thoughts. We must adapt accordingly and swiftly to market, PA moves changes. Then, whatever an efficient instrument applied and fitting to a new unfolding scenario, it's within You and your capacity to respond. If ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello CookieMonsta, I'm of the same feeling. Cable requires a very specific, the same time flexible and robust, approach. Hands of fakes and stop hunters. It must be a paradise for those who are able to tame it. Or for bold ones, just waiting for ...

(binned per thread starter’s request) CookieMonsta's Journey Into

Hello GoldenFinger, It's nice to see you again. Please just specify what that's about trading. I mean, apart from entertainment or playing how could we exploit it in FX trading. Perhaps, brains refreshing or another way to hedge... a sort of "how ...

Technical Analysis Fallacy

Hello Maverick, Regarding Demo and Leverage, as well as your training approach and path, my point was that you would better understand/ feel the market when you trade Forex spot Live. And then there might be a huge difference between 1:70 and 1:20 ...

Back to the Future – My Freewheeling Journal

Hello Maverick, Thank you for your kind reply. There are also attempts in some European countries (Belgium, France, Germany) if not to totally ban but to reduce the Leverage down to 1:10 (it's 1:50 in the US). I do agree as regards the advantage of ...

Back to the Future – My Freewheeling Journal

In fact, I'm very grateful for your thread and moreover - especially for that sort of hand held sessions I was able to follow your live trades, as well for the reminders on the Market fakes and traps. Regretfully, I did not have opportunity to feel ...

Back to the Future – My Freewheeling Journal

Hello Maverick, If you don't mind, I would like to specify: you have been trading Forex since 2013 approximately and are doing right now only Demo at leverage about 1: 70 (your positions are 70 times your Demo account)? Best regards, Exnav

Back to the Future – My Freewheeling Journal

This one is good indeed: "a properly applied stutter step can have dramatic results. But knowing when to use such a move only comes through experience and practice. Likewise, patterns such as the hikkake must be applied based on a trader’s ...

Back to the Future – My Freewheeling Journal