Precisely! And you may not know but what you just stated was you mastering your emotions. That is something that all successful trades/investors have in common. Accepting a loss is something some people cannot "emotionally" handle, hence why they ...

The brutal truth of day trading

I disagree with you that emotion has nothing to do with success in trading. My point is that emotion causes traders to fail even if they have a winning strategy. Greed and fear are both emotions that cause people to lose money when trading... I do ...

The brutal truth of day trading

video This AI can trade profitably so why is it so hard for human beings to trade? The answer is emotion. Human beings must remove all emotion from trading in order to be consistent. This is obviously much easier said than done. Looking at the ...

The brutal truth of day trading

Supply and demand. That's it.

Question to the experts about GBP/JPY

Once you have a positive expectancy investment strategy you begin to ask yourself these questions. Of course, the answer is logically your drawdown should never exceed what you can personally handle, within reason. So, again it all comes down to ...

Risk, return, drawdown

It is important to know your P/L if you are manually closing your trades or managing them instead of using a hard stop. If you are using a hard stop then watching your P/L really does not matter unless you plan on moving your stop, in which case you ...

Don't Watch Your Equity.... How Do you Do This?

Someone might have already said this, but the only real way is to watch price. I am assuming you are referring to day trading, since swing/long term traders care more about entering a trade at a "discounted" price and focus on macroeconomics rather ...

What does it mean to trade whats moving?

Yeah but u still can't lose over 5% in a day. That rule stays the same no matter how much you are up for the month.

FTMO - For serious traders

Moving averages provide more than 1 signal in a trend. It's not just crosses that can be used. Moving average touches and bounces are also continuation signals. A simple moving average with the right understanding of the market direction is really ...

Just learned about hedging, does anyone use it for scalping?

OH, NO!. Don't post actual trading results on here Mastermind, the fakers on here will just say it is faked In all seriousness though, good luck and kudos to you for actually posting your results on here.

FTMO - For serious traders

Another way to use a hedge in forex trading. Say, I enter a position short for EURUSD, instead of placing a sl of 20 pips, I may place a hedge buy of equal size. This will help me to not stare at the chart and also get sleep. I will then decide ...

Just learned about hedging, does anyone use it for scalping?

Let's just agree to disagree. You haven't sourced any evidence showing that forex trading can't become a career for someone. I have and can show real proof of success in this industry. It isn't easy, but it isn't impossible. If you want to believe ...

There's no such thing as "low risk"

Maybe what you are trying to do here is save people time, and that's fine. But, you have a lot more digging to do to find the truth about this industry. Most people fail, and it does take many years to become profitable. Usually around 7 years ...

There's no such thing as "low risk"

So, you claim to know for a 100% fact that I do not know profitable traders, or that I am not one myself? Do you know what you call what you are experiencing? This is a delusion my friend, you do not know me or who I know. You can ASSUME that you ...

There's no such thing as "low risk"

The reason for the emotion is due to these traders probably having a negative experience with hedging in the past. Mastering hedging certainly does prove to be worthwhile though in my opinion. Not only, just if you are trading off lower timeframes ...

Just learned about hedging, does anyone use it for scalping?

Great post. This makes a lot of sense, and is just another creative example of how hedging can help if it is PLANNED and used properly as a money management tool.

Just learned about hedging, does anyone use it for scalping?

What exactly are you guys arguing about here? The question at hand is, can hedging work to help a traders profitability or decrease risk. The answer is, it depends on how you use it. Just like any money management tool, hedging can work for some ...

Just learned about hedging, does anyone use it for scalping?

What part of I do not "sell" anything does your tiny brain fail to comprehend? I guess your brain is only able to come up with delusional conspiracy theories rather than understand fact. I have my group to discuss trading, with other traders. FTMO ...

There's no such thing as "low risk"

Hedging can be very beneficial if used properly. In certain scenarios it can and will save you money. However, hedging is also an ADVANCED trading technique. It is not simple to do at all. It is extremely complex and you need to do a lot of math to ...

Just learned about hedging, does anyone use it for scalping?

Ok so you lost the debate. You can't prove anything you say because you have no facts to back up your claims at all. The spread is a business cost to make a transaction. The fact that you see forex is gambling is a part of your own misunderstanding ...

There's no such thing as "low risk"