Well whatever you do is entirely your business and anything I say should not be taken as any sort of investment/trading advice as I am not a licensed professional investment adviser/CTA or anything else. With that said(), if I were in your ...

The ONLY two things you can count on (and take advantage of)

Just find a method which cuts you losses over and over until you get a runner and then let it go until your losses are covered and then some. Cheers, -fighter

The ONLY two things you can count on (and take advantage of)

Glad it's working for ya! haha. Cheers! -fighter

Most important question to ask before trading

So what you are saying is that trading is gambling. I dont agree at all. I KNOW from my own experience that trading in the markets can be as certain as building bridges and cars. This certainty did not make me poor. Quite the opposite actually. if ...

Most important question to ask before trading

Agree 100% mate. MM edge ensures your profitability. Analytical edge determines how profitable you actually are.

Most important question to ask before trading

Dont be such a hypocrite... I could say the same thing to you.... Do not make such assertions because you haven't discovered a MM edge yourself. My God man..... this is such basic stuff... Cheers and have fun playin' games. -fighter

Most important question to ask before trading

Well you miss the point of my original post then.... it wasn't meant to be a typical exit strategy, but a fail safe strategy... which I think is the MOST important thing. And if it goes without saying then why are there more traders loosing than ...

Most important question to ask before trading

Yea but I was illustrating how to stay alive. Which I think is the most important thing(ergo the response to this thread). Let me clarify. Example - Your profit target(where ever you set it based upon your analysis) is going to return you 1%, and ...

Most important question to ask before trading

Sure, but an actual trading strategy(not a gambler's bet) will make sure to have smaller losses than profits other wise there is no MM edge. We are talking % loss not pip loss here.

Most important question to ask before trading

I talking % wise.... as long as your expected profit is 1%, then yes an acceptable loss is 0.99% because if you keep taking trades with an expected profit of 1% and not letting your losses get bigger than that... then you will breakeven at worst. ...

Most important question to ask before trading

An acceptable average loss is one which is smaller than the average profit. So "early" is simply before it gets bigger than your expected profit. As long as this is done and you keep taking trades... you will breakeven at worst. -fighterdude

Most important question to ask before trading

I think the most important question is - Where do I cut my Loss? Think about it... profits and losses are both happening all the time with the same amount of frequency(assuming no better than a gambler's 50/50 chance). The problem every loosing ...

Most important question to ask before trading

Amen.... And in case anyone hasn't figured it out........... there is no special formula, no special sauce, no tricks........ just friggen hard work. If you don't like to work then go play kids...

Are You Ready/Prepared to trade Forex Live?

Hey if you've got a plan then by all means! Thats good mate. Cheers, hope you make out like a bandit. ~fighterdude

Fighterdude's Live trading journal

It was definitely trying to do something but really ranging market overall... however there was a bit of opportunity on GBP longs which I didn't take advantage of because longer term MAs as possible overhead resistance made me a little skeptical of ...

Fighterdude's Live trading journal

Thanks mate!

Fighterdude's Live trading journal

Potential Longs on GBPUSD.

Fighterdude's Live trading journal

EURUSD Long profit target hit for +50 pips. image image

Fighterdude's Live trading journal