O N D - not wanting to disrupt the flow of your new thread but just wanted to jump in and say it's great to see you started this. While your style of trading seems to be quite different to my main method, I will follow your thread with interest as ...

Trade Anatomy - ramblings of an old-timer

Thanks Markmm and belekas for your comments, and to moetzger for your clear take on the 'psychology' question. While everyone is different, I tend to agree with you - in my opening post (reality#9) I liken the approach to trading with the approach ...

Some lessons from the real world

A new thread from someone who actually knows what they are talking about? This forum would be all the better for it. Looking forward to reading it, if and when it comes into fruition.

Some lessons from the real world

Thanks O N D. I have just finished scanning through some of your posts and indeed it is good that you are not dead! There appears to be quite some wisdom in your (infrequent but valuable) contributions to FF. I dare say that many traders, myself ...

Some lessons from the real world

For what it's worth, here is my take on this issue url

Your Daily Pip Goal?

Assumptions? — Quite often behind the "show me your trading statement" line is a rather unhelpful assumption - that being that behind the trading statement there is a "system" that can be copied to achieve success.. "If only I can find the ...

My letter for James16

Viper - just wanted to let you know that this 'close all' EA is working brilliantly, demo and live. It does not stumble if the floating profit changes during the closure process, unlike all the others I tried. Great work - thanks again. Cheers

EA fix: Close all positions at profit target X

Well for a start the odds are never 50/50, the spread assures us of that. And secondly, it's probably what newbies don't do (rather than what they "do") that increases the probability of failure. Your question is a good one, and it is probably ...

Why do Newbies Lose?

Indeed.. keeping a diary (in whatever format that takes) of EVERY trade you take - the good, the bad, and the ugly - is a good way to force yourself into the learning process - and I don't believe it is possible to be a consistently good trader ...

Trading and Record keeping

Forget EA's and instead put your time into learning about the markets and how to trade properly - if you're a really smart cookie and have a good disposition for trading then it might take you 3 years at best, but it is longer for most. There are no ...

New trader needs advice on a EA

Firstly I believe that good record keeping is an absolutely critical discipline to get right - the truths in your trading performance can just jump out at you if your records are well kept. I suppose it depends on the nature of your trading plan and ...

Trading and Record keeping

I'll just respond to a couple of points you raise, which I'm not sure have been covered in the other responses so far: 1) Your words suggest you are worried about the years of failure, almost as if this presents a risk to your probability of success ...

You know you are a trader when.....? (Serious answers please)

Thanks! — Many thanks for your help Viper. I have run a few tests today in demo mode and it has not yet tripped up in closing all positions - so far so good, and I will keep throwing more scenarios at it over the coming days. Thanks again, and ...

EA fix: Close all positions at profit target X

In the ideal world you would be able to exploit your trades to achieve maximum profit every time. I do not mean catching the exact top and bottom of a trend (for example if you were a trend trader), but taking the maximum pips on offer if you were ...

Better to close out & take a profit?

Hello Flotsom - Thank you for an excellent post and I must say that although I disagree with many aspects of 'trading psychology' you do make some good points, and your example is a nice one - so I am not about go to wholesale disagreeing with you! ...

Some lessons from the real world

If you like the concept of a "system" then maybe take a look at the Max trading system, as the Lite course is quite cheap. If you have a couple of years under your belt then it will make sense to you. Perhaps a combination of that plus the ...

Some lessons from the real world

G'day wmh Thanks for your comments. I probably can't give you a comprehensive answer in just one post, but will blurt out a few things that come to mind over my morning coffee as I look at the S&P chart from last night's big drop and consider what ...

Some lessons from the real world

OK! So getting this thread back on the rails didn't last very long did it! Oh well, maybe another time. Happy trading, and good will to all.

My Story, Need Advice

Pixie - it seems your thread has been taken a little off track here and there. Let me try to help you get it back on the rails. Go back to hanover's post, #13 - it is the best one in this thread by a long shot. Read it, and then read it again. And ...

My Story, Need Advice