No, it doesn't. That is objectively wrong. This is like saying breathing increases your risk for cancer because people who get cancer also breathe. If anything, higher leverage decreases risk because you have more margin and less capital ...

Trading for a living

What the fuck are you talking about? Lowering your leverage does not decrease risk.

Trading for a living

Sounds to me like you're trying to curve fit some idealized snapshot of a moment in time in the market and you're upset that reality is chaotic and it doesn't conform to your ordered fantasy world. There's nothing wrong with the market. It's doing ...

Forex Appears to be a Dying Market for Retail

ICT has spawned an entire generation of grifters with his scam. The real genius of his work though is how unwaveringly loyal the useful idiots are that subscribe to his nonsense, and how they choose to believe, despite all evidence to the contrary, ...

Your opinion about SMC/ICT

This place really does attract the trading equivalent of the stolen valor schizos that pretend to have served in the military. And like, I understand scammers. They're lying to get your money. But these people aren't even that. It's like they get ...

Higher Edge within a Single Candlestick

That was a fine display of incoherent babbling disguised as mysterious wisdom. And then you decided to drop acid and recite bad poetry.

Higher Edge within a Single Candlestick

The purpose of multiple smaller trades over one big one is simply to allow greater diversification of entry and exit in order to help account for any number of random scenarios that can occur in market movement. And with the right tools this can ...

Lot size per trade vs number of trades

That is the most nonsense quote I've ever read. Successful trading has nothing to do with being right or wrong or knowing where the market is going to go. You cannot make consistent money as a trader in these chaotic markets by being a one-trade ...

Strategy of losers

Not in a conscious way? Are you on benadryl when you trade? And again, a pip target is just going to further encourage your bad behavior. It encourages you to think that your analysis is why the outcome of the trade landed in your favor and that if ...

Strategy of losers

Having a target will only further compound your over-sizing problem because you will feel compelled to reach that target and thus will oversize in order to try and reach it. Discipline in trading is not defining a target goal and sticking with it, ...

Strategy of losers

You're talking out of your ass. There is no industry standard beyond how they're commonly used and perceived by forex traders everywhere, which is the way I just described it. I've never in over ten years heard anyone anywhere refer to ...

Strategy of losers

Except that those two terms mean completely different things and when you say "over-leverage" everyone thinks you're literally talking about too much leverage, not trade size. Improper use of the term is why the "leverage is bad" mantra had been ...

Strategy of losers

Moat common reason for losing is NOT over-leverage. It's over-sizing and failing to define risk in dollar amounts beforehand. High leverage does not inherently mean using giant lot sizes.

Strategy of losers

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Who's Got the Best Chart Colour Scheme

I don't think the market is technically random, but it might as well be as far as we're concerned, because unless you know what every person's trade is and what they're going to do next, then knowing or not knowing whether or not the market is ...

Do you believe this market is random?

I'm looking for someone to make a script that will Take Profit based on the comment name of the ticket. So basically I want a "take profit" script, but it only takes profit on tickets that are in profit AND also have the correct comment name. I've ...

I will code your EAs and Indicators for no charge

You're confusing leverage with trade size. Leverage on its own is not risky. Without leverage you're going to get margin-called very quickly even just trading micro lots. But just because you have high leverage does not mean you need to use it all ...

Best Broker?

And what if for some reason you lose access to your bank account? What if your car gets totaled? What if you get ass cancer?

With annoying FIFO restrictions in the US, how do I set TP?

It's very easy to do, and it's getting easier as more and more brokers offer crypto as a means to fund one's account. And the supposed "protection" offered by US regulations is an illusion. A US broker can steal your money just as easy as an ...

With annoying FIFO restrictions in the US, how do I set TP?