I started trading when I was 17 years old. A friend of my father told him he is investing his money in the stock market, and he convinced my father to invest in stocks, but he refused that (I think he didn’t want to take the risk). i looked at the gold market price and thought my self "ohhh that’s so easy i just want to gess that where the price move up or down " at that time i was working in startbucks i remember i couldn’t wait to get my frist salary to put in to trading i finnaly opened account and entered my 1st trade gold markert but i stared to lose every trade
then i decided to learn trading and i tried everything even i bought trading courses, signals, indicators, EA but none of those worked then i thought there is something happending when i enter a trade(i gess you also have that problem when you open a trade market go agiant you) so i fund some info about markert manupulate online after knowing that brokers commesion such as swap, spread and markert manupulation i hate trading it was too late at that time i already lost arround 10k" then i stop trading for like 6 month and one day i’m looking at youtube i saw a video about high frequency trading strategy (i’m not sure the video still on youtube so here is the idea)the video idea was like this “place pending orders when the market is moving fast usually when big candle go fast up or down it normally come back again. in the volatile market there is 90% chance candle pull back so what it do is when candle going up it trailing sell pending order like 1- 2 pip gap from currant price So when the candle pulls back fast (let’s say the candle pulls back 10 pips), the sell pending order activates and trails TP, so with that we can make small profits”. After watching that video,
I thought this can be work, and then I started to find out more about high-frequency trading, and then I started to do high-frequency trading, thinking, “This is the last time I trade if I lose at this time,” and I finally was able to make small about of profits daily end fo the month i get at least 500. So what I want to say is that in trading, only brokers and long-term traders are profitable until you don’t trade, such as in frequency trading.
i really don’t know why some peoples trigger when i say these risk management, discipline, trading psychology really don’t works. maybe they wanna live in a dream that oneday they will profitable in trading (but the truth is they never can with this bullshits) i bet there is none can send proof they are profitable in trading with that kind of discipline and risk management bullshits. i think whoever read this have brain enough to undersand that (if you trade at least 1 year you already have understand that) don’t waste your life. it’s short if you decided to live with trading it’s imposible but you can make small profits with illegal stretegies like high frequency trading but it like 500 (it’s not enough to live). just go to a job and invest for improve your skills then you can get a well pay job. trade part time don’t try to live in trading because you will miss lot’s of things in life. "I really don’t want the same thing that happened to me to happen to someone else.
You lost 10k at the age of 17 while working in Starbucks?
Or (more likely) are you just promoting this “xxxxx” strategy in a disguised manner? Yeah, I know, I’m naturally suspicious of anything that hints of pigs flying…
Note: good that you have now deleted the name of the Bot that you were advertising…
Someone joins a forum at Christmas (least moderated period?) and immediately makes a long post mentioning a specific video and strategy? The chances of that being a prelude to some kind of promotion are only 99.9%.
Thanks for your interest in trying to keep the forum spam-free, or at least low-spam, Sovo, and I hope your Christmas is going well!
Yes, thank you, although the snow is a bit thin on the ground. Hope your’s is going well too.
This Lock30 thingy is, of course, still on Youtube and, of course, costs money…
No surprises there!!!
ok sorry about that i didn’t thought to promot that strategy i just wanted to let beginers know what’s really happen in the trading world.(unless you don’t trade with 1:1 leverage or use illegal strategy like that you only lose your money that’s the truth) if you think that way i removed the name of the strategy.
When people come here saying they have lost, e.g. 10k from trading, the usual reason is that they gave the funds to a scam outfit and never got their money back, they have not lost it from normal trading. I am sure most Newbies do not have anything like 10k capital to put into their trading in the first place.
And whatever amount of capital one puts into trading, the size of losses is far more to do with personal mismanagement of risk exposure than the actual strategy being used.
There is a lot of wisdom in the expression that a good risk manager can make money even with the worst strategy, whereas a bad risk manager will always lose even with the best strategy.
This is why new traders should always start with a demo account and make, and learn from, all the usual mistakes and only then venture into live trading with strict exposure control.
Easy to say, but not so easy to do, especially when you add all the psychological issues that pervade live trading… in most cases, it is the trader themself and not the strategy that creates the losses.
So after having plunged into trading from day one by going live into Gold, and then spending the next 10 years losing 10,000 of your money, your message to beginners here is to go and buy a cheap, off-the-shelf, HFT Bot program - and the world really will then become your oyster?
All traders who are consistently profitable began somewhere and learnt their trade with a lot of hard work.
But at least you are right that most Newbies will fail. Statistics show the failure rate to be over 80%. However that is primarily due to them following the same path as you have and not learning the core principles that divide a professional from a gambler.
yes that what every profitable traders say(of course they not really profitable they only
pretend like they are profitable like you saying this kind of things such as “All traders who are consistently profitable began somewhere and learnt their trade with a lot of hard work.” bla bla bla) these all things about risk management, hard work, discipline are bultshit. i bet you also loser in trading that’s why you think like that. i can gurantee that in trading only profitable is brokers, high frequency traders, 1:1 leverage.
if you think that butshit works send me proof of someone profitable trader i bet you can’t because there is noone profitable in trading unless they don’t use illegal strategies like high frequency trading or use 1:1 leverage( to trade with 1:1 leverage you need to have lots of money ) that’s the truth. when i was a beginner trader .like you i also thought that way all that risk management ■■■■ works . it’s ok will understand what i say in the future.
Well there you go, @itsjustyou, you just about said it all there in your own words - that is precisely the attitude that causes naive traders to fail and, guess what… you failed. What a surprise!
You could have come here asking for help and advice (afterall, you have been pouring money down the drain for 10 years) but no, you come here to tell everyone that they are all losers just because you say so!
Does it not occur to you that it is extremely arrogant to presume that just because you have failed at trading then everyone else must have failed as well? No, I guess that wouldn’t occur to you at all, now I think about it…
You clearly even now don’t understand what leverage is and how it should be used - even after 10 years of failing.
If you seek advice and stop insulting everyone then you might even get some help. Until then I am done here.
Actually, coming from you, I take that as a big compliment, but I don’t think you should be calling every other participant even worse fools than me!
But, seriously though, I really do understand why you have a such huge chip on your shoulder after such a miserable trading record. It is just a shame that you don’t/can’t understand it yourself and want to blame your broker, mentor, and anyone else other than the real cause, i.e. yourself. And until you can accept that and start to work on it, you will continue in the same rut that you have occupied already for 10 years.
The first lesson: Take responsibility for your own decisions and don’t blame the rest of the world…
Thank you so much for the great advice, sir! I really appreciate it. However, I noticed that no one has expressed their gratitude in the comment section so far. Instead, some are focusing on the join date. I just joined today—does that mean my comment doesn’t count?
Nope, it does not mean that at all. Your comments are as relevant as anyone else’s here. It is not an issue of when someone posts, but what they post. This forum is regularly targeted by people selling spam stuff because it is aimed at Newbie traders. These types of people tend to time their posts when they suspect that moderating is at a low level (for obvious reasons).
Another reason why people suddenly sign up here just to say things like:
when the OP has actually offered no advice whatsoever is because they are a sock puppet, i.e. one and the same person as the original poster, or a colleague in the same scam/spam.
Of course, we wouldn’t accuse you specifically of being such a type, but, you know, this stuff happens.
Perhaps you would like to explain specifically WHAT you think was such great advice and why it has helped you? It might encourage others to understand better Great! and Welcome!
i really appreciate that you try to safe beginner traders. ok you asked me “WHAT you think was such great advice and why it has helped you?” i knew about market manipulation but i didn’t know about how high frequency method works. i think that answer is enough for your question and what is the point that you say he is spam he didn’t even have add a link or bot name. but i don’t say we should trust him 100% and not just him i don’t trust you either when i look at your profile i can see that you have also promote some prop firms and indicators (now i see what you doing here is saying others to spammers and promote your things )
Well you two are working well together according to the all-well-too-known standard pattern of scammer and Puppet. You really think you two are original?? Funny, that is what all scammers think when they come here.
Actually he did (as you obviously know, being the puppet) But he fortunately had to remove it once he was (easily) spotted for what he is.
I hope you enjoy your stay here, if you are genuine, but I somehow suspect we won’t see much more of either of you…
But, anyway, Happy New Year to you “both” and I sincerely hope that your HTF Bots help you recover your funds. I look forward to hearing when the 10k is back in the bank
Great! and Welcome!