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What was your "holy grail"?

  • #1
  • First Post: Edited Feb 8, 2018 10:58pm May 25, 2017 10:41pm | Edited Feb 8, 2018 10:58pm
I'm currently enrolled as a student in university, while balancing both school and trying to retain as much information and data as I possibly can to improve my trading, it's been one of the most difficult things I have ever taken on. Difficult, but eye-opening and this is why I chose to keep going and never stopped.

I believe spending time studying the foreign exchange market to its very core include two objectives:

1. Pinpointing each variable on how to become a better trader. (Notice how 'pinpointing' is in bold). This sounds very broad, I know. But with any endeavor in life, don't you think you should understand the ropes before diving straight into it? Here's what I like to use as an example. If someone who has never touched a basketball before in his life asks you, "can you teach me everything there is to know about basketball before I go to tryouts TOMORROW?"... Do you think he will make the team? Of course not, not a chance. There are a ton of variables to consider... and you can only learn those variables through experience. People aren’t aware and appreciate that we live in the Information Age. If you want to know something, you have the world at your fingertips from just using a search engine and doing extensive reading on that particular subject. People wanna make money... but don’t wanna put in the work, it’s a baffling phenomenon. They hear the word “research” and get scared. Trading is a process of trial-and-error, as is with anything in life. People think they can just deposit a couple thousand dollars into an account, nail a couple trades and become a millionaire within a few days or something. It doesn't work like that man, you gotta fail over and over again. Post-trade, if you don't reflect on the loss and try to analyze what you did wrong... you're just going to repeat those same mistakes again and again until you wipe your account out. It is VERY difficult in the beginning because you are subconsciously making these errors without even realizing it... but it does get easier... depending on how self-aware you are.

Then again, hear me out: information is only good depending on the beholder. A person reading a piece of information may not have made "use" of it or see that it has any significant value at all, while another person could have read the exact same information, interpreted it in a different way, and found it to have immense and powerful value. Sometimes we forget that. People retain data and information in very different ways. Some folks can make sense of it earlier on, so they are able to catch on to their mistake and fix it before committing it again. Some people can't adapt quick enough and it takes them years and years. Maybe never at all.
... And If you can't adapt fast enough, then you're just bait. I apologize in advance for your bank account.

2. Understanding personal psychological attributes (the only way to combat this and to keep your emotions leveled is to have a trading PLAN). I know this sounds very cliche, trust me I've read so many different threads talking about "emotions" that it starts to sound a tad bit annoying and repetitive. The majority who start a thread like this and stress "emotions are important" just threw that fact in there because they know it's important, but can't seem to do anything about it. I've noticed that there are a lot of people like that here on this forum. Just folks that's all talk... but talk that they don't even seem to understand the significance of lol... honestly, how do you give advice but not understand it yourself?

But moving on, understanding how you feel at particular moments is crucial to the point where it can and will make you suffer if you don't keep your emotions in check. I know, that’s a very hard thing to do. You have to analyze data while keeping a calm head... Nobody can teach you that besides yourself. Greed and fear can make you do some awful things man, if you fail at finding the logic behind every information you take in, these two emotional traits will be exploited and it'll eat you alive. If you're making decisions with no prior analytical judgment... well best of luck.

What are some of the factors that hit you which turned you into a profitable trader? Keep in mind that of course, if you are not profiting something has to change.
  • #3
  • May 26, 2017 2:14am May 26, 2017 2:14am
Hopefully you didn't quit your schooling, trading is a tough endeavor and to do it successfully you need to be well capitalized. I'm not saying that your current path can't work, but having a degree will help land you a job that will provide both financial and intellectual capital to your resource pool. Also, if you ever want to attract investors, a degree, education, and real-world experience will open many doors. Right now, your biggest and most important trade is what you're going to invest your TIME in. I think that the truly great traders are people who trade well in all areas of their lives. Build your personal and professional foundation carefully so that you can truly build something special in the long run, whatever that means for you.

If I were still your age, I'd take all the math, business, and programming courses I could. I'd push hard to get an internship somewhere in the world of finance, get as close to the trading world as possible. Be persistent and ask lots of questions.

I heard somewhere that many successful traders have history degrees, not sure how much truth there is to that though.

At the end of the day, I think all the bits and pieces of trading knowledge/wisdom required to be successful are out there floating around. It's just a matter of taking all those little bits, understanding each one and then putting them all together. I've come to the conclusion that trading successfully is a lot like fishing successfully: There is never a guarantee of anything, and you're not gonna catch something with every cast. Sometimes you're gonna lose your bait, some days you're gonna get rained out. But, if you're conservative and careful, if you go out prepared and at the right time, you'll catch your fish. It's pretty funny how simple it all is.

You're not gonna find some convoluted pattern that changes everything for you. Sure, you'll find some things that are intriguing that will help you read the market, but at the end of the day, markets go up and down. Cast your line into the water (open a trade) and if you get a bite (the market swings you into profit) set your stop to just about break even and then come back to check your trade later (much later if you can help yourself), don't set a take-profit. This simple practice has helped me tremendously. Treating your winning trades like noobies treat their losers is very profitable. If the market pushes you into a loss, cut it as early as you can. Don't ever give the market more than 3-5% of your balance on a single trade. When you hold on to losers, they have a way of paralyzing your brain, many new guys watch the market take them all the way to a margin call. It's never fun to lose a trade, but cutting your losers early is much better than watching months of hard work disappear.
  • #4
  • May 26, 2017 2:40am May 26, 2017 2:40am
yep im starting at 19 years old.. and now im 24.. this the hardest game in the world.. my knee shaking sometimes, getting sweat, headhache.. and you know its worth it.. you knwo the game between people who had more money.. we are fight on spot market... try learn about interbank which move the market.. but frankly (open your circle to insider on your country central banker, the great "dealer", or lokal dealer banker) daily chart.. they never use time frame less than one day. the game taught me to be wise and set and forget buy sell.. use 200 poin stop loss.. and trailing when moving to 75 to your favor.. give the chart "breathing poin".. check every 4 hour. at 9 am, 1 pm, 5pm, 9pm. thats it..
  • #5
  • Edited 4:44am May 26, 2017 4:10am | Edited 4:44am
A couple of things for me, sticking to a system and trading small.

It takes a hell of a lot to build confidence (not misplaced confidence). So, if you can pull in just a couple dollars a week, consistently, while trading .01 (if forex, stocks are different), whilst sticking to the same system (whatever that me be.. PA, Indis, etc, OVER WHATEVER CHART TIMEFRAME SUITS YOUR PERSONALITY AND LIFESTYLE, as long as you have a slight edge (be it risk/reward, win/loss ratio, etc) consistently without breaking your rules then you're making money, your system is profitable. AND, you're building your confidence in your system and your trading.

From here, you can slowly build size with positions. I, like many others gave up on so many profitable systems for about 2 years because i ran into a series of losses. Losses happen... PERIOD. Deal with them and accept that they will happen. Soon, you'll come to love them because a trade will rip past your SL and you'll go 'thank fuck i had a SL'). That damage to your account without a SL in place can break your confidence and make it difficult to build back up.

There are of course other things... set your stop at a point where the market is telling you that YOU ARE WRONG about your decision/reason to enter the trade, and then learn from that loss. And then when you're eventually confident enough to build size with your trades, take half off of your position at a predetermined TP point... then the remaining half is a free trade and you can then exit according to your rules, or even discretionarily.

Again, for me, finding a system that fit in with my lifestyle (NOT scalping for me, but longer term trades (days to several weeks) and sticking to it using small & affordable losses was the holy grail. It's all psychological conditioning and the ability to remain consistent with your system. Plan your trade, trade your plan – if you can't or feel the impulse to diverge from your system/plan/rules, then stay out. Capital preservation should be your priority. Remember, the goal is to become consistently profitable, not have a ripper of a week then a shitty week and back and forth.\

Another thing. Treat every trade as it's own, with it's own predefined risk... i should emphasise this more, but compare it to a coin flip, every time you toss it, it's a 50/50 chance of heads or tails. Having ten heads in a row doesn't necessarily increase the odds of tails being the next call, the odds reset to 50/50 at the start of every coin flip.

Consistency in your behaviour and trust in your system is imo the holy grail. For what it's worth, i trade using trendlines exclusively... primarily with stocks (add volume behaviour to the strategy), but with forex and commodities i still use only trendlines. That's it.. if it goes in my direction, brilliant. If it doesn't, i'm out with a small loss.

EDIT. I added bits and bobs to this several times over an hour
  • #6
  • Edited 3:57pm May 26, 2017 5:01am | Edited 3:57pm
Quoting RondaRousey
First of all, today's education does not even guarantee you a job. 2nd, today's education will not teach you how to trade. 3rd, you sound like a smartass, no talent, know-all 19 yo so no one will show you the path to be a profitable trader.
LOL, people like your pretentious, stupid ass is what's wrong with ForexFactory. Constantly spreading negativity because you're mad about not being profitable yourself. Do not even dare say you are profitable because why else would you be on this website? If you were a profitable trader you wouldn't be dicking around on forums and spreading your hate. I've been on and around these forums for a while now but the only reason why I made an account is to promote people to keep working, I know how it feels like to struggle, this has been one of the hardest endeavors I have ever taken on in my life. I am trying to encourage struggling traders, I don't need a system from someone else and definitely not from your pathetic ass lol, you must be joking. I'm a smartass, but my capital is significantly higher than yours and I make more than you when you were 19 years old and I can GUARANTEE you that. When you were 19, you were probably sitting in your dorm room all day and night, spraining your wrist from compulsively jerking off. I do not need to prove shit to you, I am willing to bet you struggle a lot yourself so you refuse to believe that there is no such thing as a holy grail system, you irritating cretin. Worry about yourself first. Tell me, are you just mad because you are one of the losers who spent thousands on indicators and someone scammed your naive ass? It's okay, you can just admit to it. Because why else would you be so triggered? I don't need anybody to show me how to trade. How sad do you have to be that you have to go around posting pessimistic material? Were you one of the few that spent $10,000 on a course that promised "financial freedom" you idiot dipshit? Take this hating shit somewhere else you miserable mook, I sincerely apologize if your mother does not love you, or if your father left you at a young age. From my conclusion, it seems like you are enraged that I'm 19 and more profitable than you. Suck it up and work harder instead of bashing other people, dumbass.

There is one thing I agree with your post though... the education you find on the internet will not guarantee you to be profitable on Forex. A lot of the education is very misleading and will guide beginners to constantly lose money, some of the information is just downright wrong and bad. But the people who promote it don't give a rat's ass, shit they even know themselves that its wrong. Why? Because beginners will hop back and forth trying new systems after having a couple of losing trades on their original method. SO, the key is to find the RIGHT material online, because you WILL find some gold mines.
  • #7
  • Edited 8:56am May 26, 2017 5:59am | Edited 8:56am
Quoting Scotty B
Hopefully you didn't quit your schooling, trading is a tough endeavor and to do it successfully you need to be well capitalized. I'm not saying that your current path can't work, but having a degree will help land you a job that will provide both financial and intellectual capital to your resource pool. Also, if you ever want to attract investors, a degree, education, and real-world experience will open many doors. Right now, your biggest and most important trade is what you're going to invest your TIME in. I think that the truly great traders are...
Scotty B,

Believe it or not, months ago before I even made an account on this website, I have read many threads in which you have posted in. I've learned quite a bit from reading your arguments with other people haha. You and a few other traders taught me the many things I know, to be honest. The quote about trading is like fishing is great, I like that. Some days there will be fish that cling onto your bait, other days there will be none.

Yes, I agree with you 100%. Sure, my GPA dropped but I never said I was going to drop out of college! 2nd semester of freshman year was bad but my academics is still in good standing! I agree that to open many opportunities in the future, you must have an attractive degree and a sound record.
Tell me about it man, about the 3-5% part. There was this one trade that I was in a couple months ago, it was such an impulsive and stupid trade. I watched 10% of my money taken away from me because I over-leveraged and risked WAY too much. I kept waiting for the market to go in my intended direction, "hoping" that it would turn into a profit. HOPE is one of the factors that cause traders to lose too... hoping will get you no where. Market does not give a shit if you are hoping or not, it will go as it please. So yes, cutting losses short was one of the most important things I've learned in my journey. I was so positive the market was going to go one direction... that was my mistake. It seems like the more mistakes I make, the more I learn. To me, that is the only way to get better. How can you get better without screwing up first? That goes for any endeavor in life. Sure, some people are just naturally gifted and talented in certain areas, but for most people like you and me we must work for it. At the end of the day, you can only profit if the market goes up or down, as simple as it gets.

A question though, you said DON'T set take profits? How come? ... I've tried this but the market always reversed sometime or later and hit my stop loss at breakeven. Usually, when I set a trade, the stop loss and take profit is always pre-determined. I already know where I want to take my profits and there is a small risk on every trade, if it goes bad. If it goes bad, then okay, I take the loss and move on. With every trade, you must be willing and ready to take a loss. Expecting to win on each trade will just leave you disappointed when it does not go in your intended direction.
  • #8
  • Edited 8:58am May 26, 2017 6:07am | Edited 8:58am
Quoting Aus
A couple of things for me, sticking to a system and trading small. It takes a hell of a lot to build confidence (not misplaced confidence). So, if you can pull in just a couple dollars a week, consistently, while trading .01 (if forex, stocks are different), whilst sticking to the same system (whatever that me be.. PA, Indis, etc, OVER WHATEVER CHART TIMEFRAME SUITS YOUR PERSONALITY AND LIFESTYLE, as long as you have a slight edge (be it risk/reward, win/loss ratio, etc) consistently without breaking your rules then you're making money, your system...
Aus,

Oh yeah, sticking to a system and trading small. When I first started out, I was one of the suckers that thought this was how to get rich quick... of course the market humbled me. I learned that it is a slow and steady race. It took me multiple huge losses to figure out that it is all about position sizing.

Yes! Man, stop losses are important. Well, for me it is. For some people they think that stop losses are just a way for you to slowly diminish your account... but not if you have a sound system I said this earlier with Scotty B but I took a trade that washed away 10% of my balance and not going to lie, it hurt. I spent days thinking about how stupid I was. But mistakes will build you as a trader!

Exactly, being consistent in your system is what's important. Me, personally I trade intra-day on the 5M timeframe. I take trades whenever I see a signal, it could be none, or it could be 5 trades a day. If the signal is present, I'm taking it. Timeframes are an illusion, when price moves, it moves. What is the difference between price on a 5M timeframe and a Daily timeframe? To me, it is all about PREFERENCE. If you do not have the time to look at charts all day, then higher timeframes are for you, if you prefer to scalp then you can do it on lower timeframes.
  • #9
  • May 26, 2017 6:08am May 26, 2017 6:08am
This is just my personal opinion, but I got better by getting on with it. Not testing, not looking for the next big clever indicator or system. But by using real money in a real account, then you really learn. Demo doesn't have the emotion, the greed of wanting that move to be bigger and ending up breaking even on a trade that handed 2% to you on a plate before going against you. You wing it when you demo, take entries that aren't as accurate or measured. You create a false sense of security by saying to yourself 'I wouldn't do that with a live account, but its worked out OK'.

People pay $1000 for a 'course' or an indicator. You never see that money again. Put that $1000 into an account with the same attitude, you'll learn more.

Get on with it. Put some money in account. Keep your trading simple and small, and keep trading. You find out it is not about 'the system', but it is about discipline, taking measured risk, being as emotion free as possible and trading what is being handed to you by much more experienced traders and those with much greater capital. Don't try and beat the market, just get on with understanding it as best you can. The no brainer trades thread was the beginning of my path to the basics, from there I just gradually made my trading my own. That was a long time into my trading career too.

Observation not meant to cause offence to deepshtt, but dialogue like: my knee shaking sometimes, getting sweat, headhache.. and you know its worth it.. will hold your trading back permanently. It suggests you are risking far too much than you are comfortable with, which will inevitably lead to a lack of discipline.
  • #10
  • May 26, 2017 6:17am May 26, 2017 6:17am
Quoting Ganative
{quote} Aus, Oh yeah, sticking to a system and trading small. When I first started out, I was one of the suckers that thought this was how to get rich quick... of course the market humbled me. I learned that it is a slow and steady race. It took me multiple huge losses to figure out that it is all about position sizing. Yes! Man, stop losses are important. Well, for me it is. For some people they think that stop losses are just a way for you to slowly diminish your account... but not if you have a sound system I said this earlier with...
You hit the nail it on the head.

Before anything, people gotta decide, and (at least for me) it's through trial and error, whether you work well with a long TF or a short TF. Really, to anyone else it's irrelevant but it NEEDS to fits in with your lifestyle or you need to adjust to fit in with it. Full time Job? Trade Daily o weekly, and the converse goes for shorter TFs like you and the 5M... pick something that works for you, this is soooo important! But for me, once you have a system with even the slightest edge, respect your system. There are many different ones that work for different people, BUT stick to it. People resent the fact that this is job, not a get rich quick scheme. This is a job, treat it like one! Choose a style that fits your lifestyle and stick to it. The preface is, it has to have an edge, regardless of whether thats just over half winners, or few winners with a high RR... fucking treat it like a job. We're in this for the long haul so snap your mind out of the bullshit and focus on your edge, and sticking to it. I've only been profitable for 18 months consistently... it took 4 years of torture disguised as flipping between systems to realise this.

EDIT. To your point. Taking a massive hit is part of the learning curve. I reckon you've gotta blow an account to properly own one. Some have proven differently, but after all, it's a game full of people faster who trade more intelligently than us retail folk. Market doesn't give a shit about whether we're right ro wrong, the best we can do is capitalise on our (even if it's minute) edge
  • #11
  • May 26, 2017 6:28am May 26, 2017 6:28am
Quoting Aus
{quote} it's a game full of people faster who trade more intelligently than us retail folk. Market doesn't give a shit about whether we're right ro wrong, the best we can do is capitalise on our (even if it's minute) edge
Right there !
  • #12
  • Edited 8:59am May 26, 2017 6:28am | Edited 8:59am
Quoting deepshtt
yep im starting at 19 years old.. and now im 24.. this the hardest game in the world.. my knee shaking sometimes, getting sweat, headhache.. and you know its worth it.. you knwo the game between people who had more money.. we are fight on spot market... try learn about interbank which move the market.. but frankly (open your circle to insider on your country central banker, the great "dealer", or lokal dealer banker) daily chart.. they never use time frame less than one day. the game taught me to be wise and set and forget buy sell.. use 200 poin...
Deepshtt, (your name is hysterical, applies greatly to Forex haha)

You are right. This is a competitive market, the most volatile and hardest market to compete in. I agree, sometimes I still get worried about a trade going wrong. But that's the thing! You must not be afraid. Have confidence. If a trade goes wrong, fuck it, it goes wrong. Take the loss and move on. BUT, preserve your capital. I can see that you set a pretty large stop loss, but what is the key? The key is to position your trades appropriately so you don't lost your shirt on a single trade. Live to trade another day.
  • #13
  • Edited 10:04am May 26, 2017 6:31am | Edited 10:04am
Quoting rogerha
This is just my personal opinion, but I got better by getting on with it. Not testing, not looking for the next big clever indicator or system. But by using real money in a real account, then you really learn. Demo doesn't have the emotion, the greed of wanting that move to be bigger and ending up breaking even on a trade that handed 2% to you on a plate before going against you. You wing it when you demo, take entries that aren't as accurate or measured. You create a false sense of security by saying to yourself 'I wouldn't do that with a live...
Rogerha,

I agree with you man, the key is using REAL money and SCREENTIME. I never used demo. Well, I opened a demo account when I first started out to get a gist of all the buttons but I never really traded on it, I started using live money right away. For many, that would seem stupid as shit because inevitably you will blow your account (which I did... 2 times LOL). But like you said, there is no real emotions with demo trading. Sure you can double, or even triple your account balance in a day using high risk methods but would you have the balls to do it with a live account? Most beginners do not realize that... you cannot just instantly profit when you first start trading Forex. It is all about trial and error. You cannot be afraid of entering a trade. Once you enter the trade, you're in the action. If you are confident in your strategy then let the trade run its course.
  • #14
  • Edited 9:00am May 26, 2017 6:38am | Edited 9:00am
Quoting Aus
{quote} You hit the nail it on the head. Before anything, people gotta decide, and (at least for me) it's through trial and error, whether you work well with a long TF or a short TF. Really, to anyone else it's irrelevant but it NEEDS to fits in with your lifestyle or you need to adjust to fit in with it. Full time Job? Trade Daily o weekly, and the converse goes for shorter TFs like you and the 5M... pick something that works for you, this is soooo important! But for me, once you have a system with even the slightest edge, respect your system....
So important man, people just do not get it. Sure, switching from multiple timeframes benefit a lot of people but me personally, I don't see the purpose in that. A move is a move... that's all there is to it. Yes, treat it like a job. You must look on the chart and see where you want to do business. Where is the location of value? Remember, what YOU see on the charts, other people can see too. What are other traders thinking? How I trade, all I use is ONE moving average to determine the trend and then horizontal lines... then I stalk the price. You don't need all these fancy indicators. All you need is PRICE.

Now, I am not sure what people mean by "follow the herd" and "do not follow the herd", I believe there is some controversy around that. In my opinion, you must silently follow the herd... trade with the momentum behind you. Ride the wave. All this contrarian bullshit is just nonsense. Why the fuck would you sell at a key support when everybody else is buying? People want to think like they are doing something different but it's going to just bite you in the ass.
  • #15
  • May 26, 2017 6:46am May 26, 2017 6:46am
Quoting Ganative
{quote} So important man, people just do not get it. Sure, switching from multiple timeframes benefit a lot of people but me personally, I don't see the purpose in that. A move is a move... that's all there is to it. Yes, treat it like a job. You must look on the chart and see where you want to do business. Where is the location of value? Remember, what YOU see on the charts, other people can see too. What are other traders thinking? How I trade, all I use is ONE moving average to determine the trend and then horizontal lines... then I stalk the...
People can make money being a contrarian trader, no doubt. But find a system with a slight edge that suits you, and stick to it. I honestly believe, and i'll put anything on this, that if you actually have the discipline to stick to your system and respect your capital, you'll be profitable. (i;m using 'you/your as a blanket for everyone).

For me it took being burnt a couple of times before i gave it a shot, and who'd of thunk it, it works.
  • #16
  • May 26, 2017 6:55am May 26, 2017 6:55am
Quoting Ganative
{quote} Once you enter the trade, you're in lol. If you are confident in your strategy then let the trade run its course.
Absolutely not always the case for everybody. That's the point. I know traders that expect a trade to move in their direction within 20 minutes of entry. No movement, they pull out. You might take profit off the table for impending news as another example.

It comes down to individual style and risk management, and if your preferred method it 'let the trade run its course', then that's yours.

It used to be mine. Personally if I have doubts about a trade, my position size reflects that, either at entry or during a trade. As a trade progresses at all points, its risk profile changes, I prefer to manage that. I believe its what traders do.

As I say, everybody has their own style. But the only way to find it is to trade live in my opinion.

The only holy grail is understanding yourself.
  • #17
  • May 26, 2017 7:03am May 26, 2017 7:03am
Quoting RondaRousey
First of all, today's education does not even guarantee you a job. 2nd, today's education will not teach you how to trade. 3rd, you sound like a smartass, no talent, know-all 19 yo so no one will show you the path to be a profitable trader.

4th, even if you're not a smartass, very talented actually know alot and are of mature age, no one will show you the path

It's intellectual property, you grind out theory and testing until you are mentally at breaking point, deal with the reality and pressure of life all by yourself. Further there is a culture where you don't share how you are successful, I'm not sure about the root of it, but it's probably along the lines of 'why the fuck would I share?'. For me, no one shared anything legit for me, so I will not share anything legit to anyone. I will however say forexfactory and similiar forums are great for learning about forex and acquiring tools/suggestions.
HMSR
  • #18
  • May 26, 2017 7:10am May 26, 2017 7:10am
For me the following things improved my trading, but the strategy I'm using is highly discretionary, so it is according to that.

1. Trying to make too many fixed rules. Any fixed rules like "trade with 2:1 RR", or "use a 20 pip stop" has hurt my trading.

2. Worrying about statistics too much. Like if you have a 60% winrate, that doesn't mean you'll have 6 winners out of ten. Sometimes you can have 90%, other times 30%. One trade, one day, one week, even maybe one month of results doesn't mean much.

3. Tampering with the rules after a loss or losses. Like if you have a loss, and start to think that I could have avoided that if I would have doen it like this, then start doing it like that, you deviate from the original strategy. This is linked a little to the first point.

4. Ego gratification throughout trading. Letting go of the need to make the perfect trade, catching a big runner pip to pip. Trading is messy.
Price and volume reveals everything. The market moves on supply and demand.
  • #19
  • Edited 9:11am May 26, 2017 7:17am | Edited 9:11am
This may sound weird but one of the factors that caused me to trade better is scalping on my iPhone? Lol, I just see things so much clearer on my phone, I have more confidence, whenever I am on my laptop/desktop trading, I'm prone to take more impulsive trades for some reason. I never quite understood why I am like this, but hey as long as I am profitable, it doesn't matter if I'm trading on my mobile device or on a computer. Whatever floats your boat and whatever you are comfortable with!

Oh, listen to classical music while you trade, it relaxes and calms your mind. Remember, you "see" the market more clearly when you trade in a relaxed state. You cannot be antsy.

The point is to adhere to your preferences and what you are comfortable with. Ignore people who tell you differently, just because they trade a specific way, it does NOT mean you have to trade like them. This is the problem, you have to set your own path and find what works for YOU.

If any trader have questions or ideas, feel free to PM me. We can trade ideas. I am NOT asking for your holy grail, just advice and tips from more knowledgeable traders. There is a point where you have to tell yourself that you do not know everything and there is always room to learn more.
  • #20
  • May 26, 2017 7:21am May 26, 2017 7:21am
Quoting Hmsr
{quote} 4th, even if you're not a smartass, very talented actually know alot and are of mature age, no one will show you the path It's intellectual property, you grind out theory and testing until you are mentally at breaking point, deal with the reality and pressure of life all by yourself. Further there is a culture where you don't share how you are successful, I'm not sure about the root of it, but it's probably along the lines of 'why the fuck would I share?'. For me, no one shared anything legit for me, so I will not share anything legit...
Hmsr,

I fully agree with you. Why would you share your profitable system when you spent hours upon hours developing it??? You're right, nobody shared anything legit with me either so why would I dispose my view of the market when nobody else helped me? I grind out thousands of hours and if you expect me to just give it away then you got another thing coming.

Fuckasses like RondaRousey act like just because you stay humble someone will share their profitable system with him. LOL get the fuck out of here you delusional moron.
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