What should I need to do to make more winning than losing? I’m using demo account…
I’m using Stochastic Indicator and price action, every time I set my trade and seems its going on my way but after an hours its going against on me. I know I’m not in discipline yet in trading I trade a lot a day like 6 or more trades ,I’m trying to be discipline on trading. Before I did something nice trade I won than loss ,maybe I’m only in a lucky day. I want to be better than this, I want to win more than loss but the market was playful to me.
I know my knowledge on trading was not huge but I’m trying to learn more everyday.
It’s [I]really, really[/I] difficult to tell from a short description whether you’re actually “doing something wrong” or being slightly unlucky in quiet markets and learning as you go, anyway …
Do you think you have a method with a genuine edge, or are you trying to discover one (shouldn’t be doing that by actually putting trades on - not even on demo, yet, probably, and definitely not for money!)?
Sure, you should be aiming to win more than you lose, [I][U]collectively[/U][/I]. But not necessarily to win more [I][U]trades[/U][/I] than you lose; just to win more [I][U]money[/U][/I], overall, from your gains than you lose in your losses. Expectancy matters, not just win-rate. (I’m sure you know this already - I was “just saying”).
I suspect, from seeing your posts around the forum over a period of time, and from seeing one or two of the (in my opinion) really questionable (I’m being polite about them!) threads in which you’ve posted, which [I]no[/I] beginner should be looking at or taking seriously, that you may possibly be making the mistake of trying to learn by practical, hands-on experience at far too early a stage, without yet fully understanding the theory of what you’re looking for.
Be very aware that all the “accidents”, pretty reliably, tend to happen when people just look for something that “works”, that they can simply copy or try to duplicate. This is a misguided approach on [B][U]many[/U][/B] different levels and for [B][U]many[/U][/B] different reasons.
I hope I’m mistaken about all that, and of course it’s very difficult to tell, from what you post. :8:
Anyway, I offer you this post, to read, if it helps … which kind of sums up what I was thinking.
And Happy New Year!
The thing that matters as well is: are you trading too many things? It could be that, as Dr. Lexy said, the year-end conditions are too illiquid and you are getting false signals from price …
Specialise in one asset for a bit and trade that one well, possibly being consistently profitable over a set period… It is simple as an idea but not easy: you have to know that asset well and that takes time if you just forward test it…
You could ask to have your strategy backtested and do so.for a number of currency pairs, to see how it may perform going forward… What do you think of that?
Thank you for your reply lexys, I’m using stochastic, i buy when the the two line crosses super upper seems going down and sell when its super lower crosses and seems turning up and Im using price action too, when have pin bars, b/b engulfing bar, 2 bar reversal and inside bar, maybe wrong false signal thats why I loss a lot. I’m trying to discover new one too if have suit on me, Yeah I gotta wrong area to post my thread cause I’m reading in “Free Forex Trading System Thread” then just enter my mind to post and forgot that I am not in new island area. I’m always here everyday in the forum to read others post about their experience, their strategy.
Okay lexys I’m going to read the link that you share. Thanks again
Happy New Year too
and Happy Weekend
Thanks for your comment PipMeHappy. What do you mean of trading too many things?
I just trade the major currency. Yeah maybe thats the reason why I loss from price cause of false signals.
Yeah that really sounds good.
Well, I mean the thing where you just HAVE to trade something out of boredom of fear of missing out…