IMO most retail traders fail because of poor risk management and not having adequate capital.
Ignoring Leverage: Why Most New Forex Traders Fail
Never Risk More Than 2% Per Forex Trade
How Much Trading Capital Do You Need For Forex Trading?
PS most painful & costly mistakes Iâve made trading have been because I risked more than 2% and got my butt kicked. :17:
Ps: just for the record, I do not hang on PipNRollâs skirt hem, because, well, she wears the trousers 
Nope D, is way more simple,
Something about buying and selling and highs and lows and retail.
The Autumn Sales, prices have just been reduced, so what is it that all retail shoppers perhaps should do?
Nobody is protecting anyone.
I could care less if most of these guys continually get mugged trying to outwit the market.
Whatâs being suggested is that in order to protect themselves from being exposed to all this insane nonsense masquerading as helpful trading advice they ask 2 very simple, logical questions.
The primary benefit being to put these dorks firmly in the spotlight & be in a position to more efficiently filter their time, effort & finances.
The more they filter & the smarter they dig the quicker they unlock the answer to my question!
Carll & Kevin Reynolds asked the right questions & dug quite effectively & they were both very surprised indeed how little they actually required to know in order to make significant headway in a very short space of time.
And no, it has nothing to do with the folks they asked the questions of.
Nice try d-pip but itâs really not as complicated as that
oooopps 
Btw, feel free to check out my other thread. It looks like to some of you needs some " motivation" and " encouragement". Donât worry, I wonât charge. I already bought the book youâre welcomeâŚ
http://forums.babypips.com/newbie-island/67202-born-win.html
Daniel J Catlin you are an interminable tease so you are!
Question:
What is the most common mistake retail traders make & continue to repeat time & time again, even when prompted not to do so by seasoned traders (providing theyâre lucky enough to rub shoulders with one or more of them) & their [U]broker reps[/U]?
Answer;
They think too much, they think too deep & they think far too often for their own good.
And as a consequence of all that thinking they over complicate that which is essentially uncomplicated.
Thatâs a ground shattering revelation donât you think?
So if you slot that uncomplicated round peg into its perfectly shaped uncomplicated round hole, youâre off to the races yeah?
(d-pip probably knows the true meaning of that ground shattering revelation more than most on here, that is providing he hasnât veered off & added any more layers of inconsequential nonsense to his docket in the meantime)
And to assist you along the way youâll have your trusty 2 imperative questions shield just in case you require to swat away all the annoyingly irritating dorks, show ponies, empty vessels & timewasters.
As if by an amazing coincidence I spotted a post earlier submitted by sharebazar.
He didnât compose it, the passage forms part of a book (some of which is published, some not) by a gentleman named Adam Grimes.
I thought it quite apt under the circumstances.
Iâm not promoting or recommending Mr Grimes or his material in any way shape or form & I donât necessarily share his view regarding the [B]time horizons[/B] in the passage [B]which Iâve highlighted in bold[/B], but I do feel he touches on a very important aspect & one which Iâm sure will resonate with one or two smarter cookies amongst you.
Anyway, on we go. Time to grab the plonk & dial into another episode of parenthood!
I regret my sharp post to you Pipnroll there is no reason to criticize in this way in a forum,
Peterma I take your criticism
The Chinese Bamboo Tree :: Don Millerâs S&P Trading Tank
[B]The biggest mistake retail traders make is that they indiscriminately are influenced by the advice and recommendations that they can find in a forum âŚ
[/B]
The question is, what thread is worth focusing on.
For my part goes the weekend to read more of Kozon Flemming articles, the interesting thing for me is the nuances between Don Miller Al Brooks and Kozon Flemming in some subjects.
There, Flemming some very interesting observations that I have not thought of.
*
[B]Jolly Rogerâs thread is perhaps uncomfortable for many on this forum.
However, one should avoid reality because it is uncomfortable !!!
[/B]
[B]The truth is that m[/B]ost people who post their opinions are not qualified and their opinions and advice makes matters worse.
Example PipNroll boasted off Boris Shlossberg services, this in turn affects other new traders to make the same choices that she made.
The biggest issue is that their way of thinking make you to a loser
Torulf, so pleased to see this post from you, it is far more constructive and useful than your earlier posts.
The point you make about unqualified bad advice rings true. While this is my first and only forex forum, I am in a number of other non-forex forums and some of the advice given out makes me cringe. Even Yahoo Answers and various DIY forums contain not just bad but dangerous advice, and thats before you get to the trolls telling others to microwave their iphones to charge it more quickly!
The difference with this forum, imho, is that you need a modicum of intelligence just to understand the forex basics so are more capable of cutting through the b.s. and picking out the useful stuff.
Hey Jolly, was this the desired results?
Good morning everyone⌠I am so glad to see positivity and goodwill returning among us!
I just wanted, if I may, butt in with the following thought: being âqualifiedâ does not make
for a good teacher⌠What do I mean by this?
When I hear people on the forum go on (and on, and on) about trading instructors or advisors
not being âqualifiedâ to give advice, I think back to my years of teaching experience, and how,
even to this day, make me in no way de facto a good teacher: while there are people out there
who not only have no attitude for teaching as well as being under-qualified, there are also incredible
teachers who never have gone through certification and teacher training but have been inspirational,
and I speak from my childhoodâŚ
I am more than qualified in my field (music) to teach, in fact, probably over-qualified to some extent,
and I have put a lot of students successfully through exams at many levels⌠If you translated this to
the finance world, and said that I had a lot of good track record and qualifications, would you take my
advice as âgoodâ and respect it?
What is misconceived here is that a âgoodâ and âcertifiedâ expert or professional is a good teacher for
EVERYONE: the thing about instruction and advice is that it is only as good as it works for the individual
taking it⌠If I taught a class of thirty, as I often do, I know that while half the class may find my teaching
good, and a quarter may find it excellent, the other half may not enjoy it: similarly, there have been examples
on here of people talking about trading courses that have really improved their trading it, while others warned
against them being a waste of money⌠In the end, if some people enjoy the teachings of Kathy Lien,
Anton Kreil, Jessie Levermore, Elliott, Anna Couling, or any of the hundreds of big names in trading, is
completely irrelevant in a scale of âworthinessâ: what matters is that you take their advice and do something
positive with it.
While it is true that there are worse teachers and definitely bad advice, the fact that, say Emerald has
a finance degree is not why I choose to listen to him: in the end, it is the dedication and patience, like
Clint, like peterma, and many others on here, that comes through each of his and their posts, showing
how they do what they do, and the reasoning behind their trading decisions⌠What I and all of us
do with their advice is beyond their control: if we applied their trading system blindly to our own, we
would surely fail⌠Would this make them dangerous, unworthy teachers? Not at all⌠Rather, it would
shows us as bad students, if anythingâŚ
So, my lesson finishes here!
Enjoy your Sunday!
Time for coffeeâŚ
I tried contacting Carll a while back but unfortunately he locked his contact access in his last known haunt, as did the other regulars, so I hit a brick wall.
Do you still cross paths with him/them?
From that little acorn did a very impressive oak tree sprout!
Thanks torulf39. Apology accepted
A society that we are currently living right now with a quick-fix and instant gratification. I think bamboo tree can teach us a lessons on how to be patience, perverance, have faith, also growth and development. It is very easy to get side track on everything around us and lose focus on what is important. Bamboo trees cannot easily be broken by a high wind in a storm rather they find their way and work through the stormâŚThey sway through the wind and they donât fight it. They enjoy the ride until the storm passed them.
Kathy Lein and Borris is just a small part of it. I pick up every pieces along the way and create it as my own. I am still looking for more to pick up on and gain more knowledge because I am not done yetâŚmy current progress is just a start. I still have a lot of things to doâŚ
I am not trying to beat the marketâŚI am trying to do my best as I canâŚ
Good-luck!
I quoted this because it is a priceless post, but seems to be glossed over and missed by those that needed it most. Funny how that works, and itâs also the root of why most people just canât ever get any further than they do.
Absolute proof that you CAN lead a horse to water, but they just might not drink.
Indeed it did, both for those two & a couple of others on another portal.
If you use that stuff between your ears properly, learn to identify & avoid all the worthless static & take the opportunities when theyâre presented, you never know where it could lead.
Heâs currently working for Mint Partners, part of the BGC group volan. Apparently he wanted to diversify a little & expand his experience base. The guys got him an intro earlier this year, he successfully pitched them & is now in situ.
Last I heard Kevan was still at SocGen.
I chatted with Tessa at Easter, but I donât speak with them as much as I used to as I no longer work for one of the firms they transact business with.
dan/compact/double 6 et al,
If you guys were betting your own pot in the (currency) market for whatever reasons & knowing what you know, what type of strategy or model would you utilize & what would be your preferred time horizon.
Tagged onto the end of that question, & considering the comments in recent posts, is there a thread or threads on here that you would bookmark yourself or direct someone to who asked for a leg up to getting started?
Also (& Iâm being a bit cheeky here!) what size pot would you consider a viable & realistic base for generating income or profit whilst affording capital appreciation.
Also, given the advances in retail platform improvements over recent years, particularly surrounding execution & spreads, would you confidently transact your deals via that option or would you choose higher end broker outlets?
Jolly Roger, Iâm very sorry that you took my one post as barrelling your thread. My apologies to you. As I said in the post wasnât trying to change your mind, just offering my take. It wonât happen again.
For all the others that feel they have to drop my name or refer to me anonymously on this thread or any other, since I donât want to high jack this thread but I would like to answer your remarks and issue you a challenge. So donât be gutless, anonymous spineless fleas come out from the dark and hop over to the newbie section so we can prove to each other what we post
A trend/momentum based pullback/breakout approach.
Timeframe & horizon choice would be volatility dependent. That type of engagement requires condition based flexibility & would need to be tailored to current pricing influenced themes.
Well itâs no secret we advocate simplicity & uncomplicated, so which thread on here do you suppose most accurately mirrors the above criteria?
If youâre headed for the one I think you are, I personally would drop the moving average & run with whatâs left, but thatâs just my preference.
That decision can only be calculated based on the individuals personal standards of living requirements, anticipated market exposure limits, activity levels & risk appetite. Itâs going to be very different for everyone & i personally would diversify my activity across asset classes so I have no idea how much iâd require until i did a thorough appraisal, but i certainly wouldnât scrimp!
I havenât really gone into too much depth regarding individual broker specifics, but the environment appears to have improved noticeably in recent years & regulation has been spruced up too. Providing a retail shop could accommodate my requirements I would have no problem betting with them.
Saul, on Danâs last point, re the brokers.
I make execution my priority, the spread comes second. My reasoning is that if I get my analysis right the spread is not such a big thing, but when my analysis is wrong - there is only one thing I want to do - get out quickly.
I finally found one provider who does exactly that, interestingly offers no demo accounts, no free discounts, well none that I know of, but it is a relief to enter the platform on FOMC and be able to exit a long S&P the second that I hit the button - none of that little whirly circle turning and turning.
Oh, and UK so no worries re regulation.
If I was to ever go solo volan Iâd give all my dough to Danny boy & let him do all the hard work
1-5 day momentum rides rock though!!!
and i rarely hear a bad word about Interactive Brokers.
Thereâs an old guy who appears to have the hots for you over here 301 Moved Permanently
Heâs either been hitting the sauce hard all weekend or he wants to date you!
Either way, take flowersâŚyou canât go wrong with a perky bunch or two of daisies.
Hey Dan,
Sorry, I must have missed reading your post/questions. Okay, what is the most common mistake retail trader make. You said is, so it is the only one, correct? If so, it probably " under capitalization". There are too many common mistakes that I can think off but let see what the answer is⌠Thanks.