The right target and the wrong target — Reflection of the day: "If I can just make 10 pips each day, and with the value of compounding account growth, I'll be rolling in cash in no time..." Could this be the most common (and damaging) ...

Some lessons from the real world

But where is the target coming from??? — ...but what are your daily targets based on? Is it: What you "think" you should be achieving / what "feels right?" Or Is it based on what the capability of your method can deliver on a daily/weekly ...

problem solving

Trading robots = $$$ for brokers — Reflection of the day: Q: Why do brokers love seeing their clients use trading robots? A: Because they (brokers) can take their clients money faster that way. If I am right about even 50% of the ramble in my ...

Some lessons from the real world

Hi ssnakezor - well good on you for at least being able to identify your problems and the accompanying solutions (way ahead of most would-be traders I would suggest!), and the challenge of being able to properly implement those fixes is no doubt ...

problem solving

Thanks for a nice contribution Razor Trader. Indeed the use of a total "methodology" is a far more business-like way to run your trading operation than the use of a "system" that has not been properly questioned, developed, tested refined, etc, ...

Some lessons from the real world

a question of terminology — Hi LVG - thanks for your contribution. I think we agree on the principles therein, but perhaps respectful agree less on the terminology ie attributes relevant (or not) to the phrase "trading pyschology" - which is ...

Some lessons from the real world

Hello abritton76 - The amount of chart time may indeed correlate to progress/success, but I suggest that it needs to be chart time with a good purpose, and which results in useful 'learning' or tangible development of your methodology. So the ...

Some lessons from the real world

Hello kiadanai - welcome to the realities of trading. Point #6 in the following post may be of some assistance to you if indeed you are describing a lack of confidence in your emerging methodology. And with absolute respect for your current efforts, ...

I cant understand where i'm wrong.

Fr600 - the answer to your question at the end of your post is "yes." You also mention that 'learning never stops' and you are spot on with this point. Here is a link to a post I have made previously which includes some discussion about the benefits ...

Average Monthly Return

Ignore those who will reply to your question saying it is irrelevant, as there is nothing wrong with getting a general "feel" for what might be realistic for some traders. But yes, it does depend on many factors. I have found that full time retail ...

Average Monthly Return

A waste of time for retail traders.... you'd be better to spend your time studying the methods and behaviour of professional and instituational traders, and trying to jump onto their runs in the market rather than making your own! Most markets are ...

Can we Move the market?

Managing risk is EVERYTHING. If you are trading properly the above situation should NEVER happen. Trading futures can be a relatively low risk activity, contrary to what many believe.

Risks of trading futures (long side)

yes, but... — Yes, "hedging" the same instrument against itself is utterly useless but please don't write off the entire concept of hedging on this basis. Hedging (of different instruments) can be a very intelligent and prudent way to mitigate ...

What's the point of hedging?

Hi - see post #44 in this thread - it provides a basic answer to your question. Cheers.

How to cut losses and letting winners run

It's all about the capability of your method.. — Interesting topic! My humble view is that the "cut your losses and let your winners run" saying is a good principle with your trading method but somewhat of a useless cliche when it comes to the ...

How to cut losses and letting winners run

Sorry, I respectfully disagree with you - though I think you may be quite correct on one important point, that being that "no conclusion can be made" from the poll. I appreciate the good intentions behind the poll, but it should serve as no ...

What is the most reliable and profitable technical tool?

flawed question — No "technical tool" is "reliable" or "profitable" Reliability and profitability (and consistency) are the outcomes of a total trading methodology, which may or may not include the technical tools mentioned in the original ...

What is the most reliable and profitable technical tool?

OK - I feel somewhat 'qualified' to answer this one. Let's not delve into the world of international commerce but focus on trading, as I think this is what the original question was referring to: Holding a simultaneous BUY and SELL position on the ...

What's the point of hedging?