Sorry but you have the wrong understanding of market analysis. To quote triphop, another experienced trader: A proper market analysis is suppose to analyze the quality of the setup. A trader that doesn't understand the quality of the setup, did a ...

How do you control your greed - practically

For me, it was all of the above, but the main reasons were: I was too undercapitalized After 10 years of obsessing, I acquired a lot of trading knowledge but I had very few actual trading skills As a trader, you have to understand that you are up ...

This is why 95% of retail traders lose!!!

Cheers, triphop I almost quit when even "trading psychology" couldn't fix my trading, so yeah speaking from hard won experience. Nice to hear from someone who gets it! Brilliant! I'm going to start paraphrasing your quote in the next ...

How Professionals Really Think About Position Size

Really like your approach, mate. Even though my approach is very different from yours, your meticulous attention to reading the market conditions and managing risk is a joy to read and follow along with. Respect.

Logical Risk Management

Everyone is free to call a rabbit a turtle if they like. However, traders that mislabel and misapply trading knowledge will get the results that they get. For example, when pros and amateurs say RR ratios, they mean 2 entirely different things. The ...

Straddle Methods

Be careful of falling into the "it must be my trading psychology" trap, it is the final graveyard for many failed traders. I am 99.99% certain that your problem isn't psychology. Instead I believe you're a discretionary trader that doesn't evaluate ...

How Professionals Really Think About Position Size

Nice post, PipNerdMath Unfortunately there is a huge blind spot that is rarely talked about in the retail trading community. This thread is about how professionals think about position size, it doesn't however differentiate between pro ...

How Professionals Really Think About Position Size

Ok, this thread is several years old so I don't expect all the posters to see this, my reply is more for those interested reading today. There are a few of us here. I've been trading for more than 18 years and trading full time for more than 5 ...

This is why 95% of retail traders lose!!!

I didn't have a natural intuition for trading, my friend. It's 18 years of blood, sweat and tears, more than 10,000 hours of intense learning / studying, and 5+ years of full time trading, i.e. skills that anyone can develop. Because I would have ...

Struggling to be profitable in trading

Another great post, Brandon! It's the trader's job to manage the downside (cut losers), it's the market's job to manage the upside (let winners run) My turning point didn't come until after I adopted the above attitude, most struggling traders ...

Logical Risk Management

Hey Brandon, Great post! Nice to see someone that gets this. Sadly most inexperienced traders' of risk management doesn't go beyond risking a % of their account via a stop loss. This realization was the turning point for me, I call it "managing ...

Logical Risk Management

I've always had this urge (need) and still have it today. This is what I meant when I wrote: "Understanding how we as individual traders look at the market and aligning that with our own needs & desires (=urge) is what it means to discover who you ...

How Professionals Really Think About Position Size

Hi jeuro, Analysis skills. Pro traders have their own analysis framework. This is mine. Take a look at this EURUSD chart: image It has broken an upward intermediate trend and is heading down. However, 80% of daily cycles on this pair last last ...

Struggling to be profitable in trading

I understand what you're saying but there's no such thing as "the perfect trade", my friend. And no, taking smaller trades consistently (such as 3-star / C trades) doesn't optimize returns as these often end up as small losses, small wins and ...

How Professionals Really Think About Position Size

Sorry but this is completely false. There are many analysts who know the story behind the FX movements but still can't turn that information & knowledge into profits. Many of these guys work for banks and financial institutions where they have ...

Your Charts are Too Complicated

In my case, psychology wasn't enough to instill discipline even after years of trying. What did it for me was developing a framework for reading the market and recognizing when the market was going to go against me. Knowing that I had a 90% chance ...

Struggling to be profitable in trading

The ability to assess setups (3-stars, 4-stars, 5-stars) is what separates profitable traders from struggling traders who often trade "blindly". When I was at this level, the next step in my evolution / journey was to only trade 5-star (I call them ...

How Professionals Really Think About Position Size

Hey iwasaq, Technically there is no such thing as a negative RR ratio. What you're referring to is a RR ratio < 1, i.e. risk = 1, reward = 0.25 There is no profitability edge in SL : TP ratios alone. Grid trading (trading in both directions ...

Straddle Methods

We'll probably see the breakout when New York opens

Signals with Moving Averages

You don't need to control your greed. It's much easier to learn to read the market and adapt accordingly, i.e. recognize when conditions are against you and when they're in your favor.

How do you control your greed - practically