Giving up the pipe dream of making a living in Forex

Judging by the post above mine you don’t have any excessive claims to boast of anyway, which kind of confirms double 6’s comments of earlier.

Given the fact you’re not cutting out a profitable groove by now having absorbed everything this place has to offer what makes you think you’re going to learn anything else worth applying from the long standing contributors here?

Perhaps if you’d asked the 2 questions below a couple months after landing on Babypips your journey might have been somewhat less arduous & much more time efficient.

There’s a smart way to achieve something & there’s a hard way to achieve something & usually in this business whenever you choose the latter it invariably leads to frustration & disappointment!

ps: only 1 person out of all you lot who have been butting heads with double 6, compact & Thalia have sussed out why they’re [B][U]really[/U][/B] making such a big deal about this verification issue & more importantly, why they’re trying to encourage you to even challenge these dorks in the first place.

Instead of wasting your time fighting them, just stop & think about [B][U]who[/U][/B] would want to encourage you to challenge them & [B][U]who[/U][/B] would benefit in the long run!! (& that’s a [B]BIG[/B] clue) :slight_smile:

OK Dan, I’m thinking… thinking…looking for the clue…AHA! got it…

The Who | Official Site

This is year 2013. I was talking about this year 2014. Look guys I don’t have anything to prove. Like I said, I am only been trading 3 years on my belt… I am still on the learning stage but that doesn’t mean I am not allowed to post or share my experiences…

I apologies if I rub the wrong egos around here. Thanks.

I have never made the claim of being a profitable Forex trader. Would you like to see my investment portfolio? I have a few dozen solid blue chip stocks, an international ETF, and a bond fund. Not too exciting, but it gets the job done.

I didn’t mean to imply that you three were the worst offenders here on BabyPips. I am not privvy enough to who’s who here yet to call them out. You three were simply the first ones to barrel into my thread.

You more than anybody would most definitely have benefitted from asking those 2 questions right off the bat!! :wink:

And it appears that as soon as you distanced yourself from one unnecessarily restrictive straightjacket, you voluntarily wrapped yourself back into another one.
It’s not an entirely unsurprising development because we see this behaviour trait very regularly, but you seem to possess a little more common sense than the average forum participant which makes it all the more strange to witness.
Still, like i said in my prior post, there’s the easy way & there’s the hard way.

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 they’re lucky enough to rub shoulders with one or more of them) & their [U]broker reps[/U]?

Here is myfxbook … Filipina System by Filipina | Myfxbook

It is not pretty but I made “some” profits for this year. I stop trading this account just to lock in my profits.
I open this myfxbook along with my thread

301 Moved Permanently.

Its a working progress and improvement…

Pip, I’d say the apologies are not due from you.

I’m surprised at Torulf, there is little I can add, Torulf I have met you elsewhere, that is not your style.

Pip, the other guys have been here a while, I agree with them re the marketeers - in truth the way to combat marketeers is by discussing our own real market experience, the things that work, the things that didn’t - maybe how we view what’s up ahead, maybe posting - 'guys watch out , this looks suss … and so on.

I’d say that maybe why I detest this type of thread most, I see members who I instinctively know have much to give, the reason they have much to give is because often they have received much.

The title of this thread is negative so it is not conducive to learning, thus I bow out.

They have received much, but what do they have to show for it? A few pixels on their screen and a number next to their username that ticks ever-upward?

The title is only negative insofar as it goes against the grain. My intentions are not to create a vitriolic environment or insult others. I play devils advocate and break the sanctity of the echo chamber. Many WWW forum goers (especially newcomers to trading) need a little boost before they begin to think for themselves and question what they see. Unlike others here I will not be banning those who disagree with me from my thread.

might want to rethink that little slipup.

Thanks Mr. Peterma! I agree… :slight_smile:

This discussion is going no where…have fun…

Seriously Peter, I would have thought by now after everything you’ve witnessed & observed both here & elsewhere you would know there really isn’t that much to give!

You wrongly assume we know things you don’t & what that we know will offer you more than you currently have.
That aha moment you think you need is right there & has been ever since you decided to explore this endeavor further. The trouble is you underestimate its power & continually ignore it in favor of everything else you do!! :slight_smile:

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 they’re lucky enough to rub shoulders with one or more of them) & their broker reps?

This discussion could very well be the most important one you’ve involved yourself in since arriving here.

Nah, Dan.

Not that I think I know it all, far from it, the truth is I have forgotten a lot, but I am thankful for what it is that I currently have.

Again, this is what bugs me - I have been around the block, I have lost and gained, the reality is there is little you could tell me that I haven’t come across already (I’m not being a smart alec)

What bugs me big time, is there are guys here who pretend to protect what they call ‘newbies’, but they give so damn little other than this special protection … grrrrr

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 I’ve 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 PipNRoll’s skirt hem, because, well, she wears the trousers :wink:

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.

What’s 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 it’s really not as complicated as that

oooopps :slight_smile:

Btw, feel free to check out my other thread. It looks like to some of you needs some " motivation" and " encouragement". Don’t worry, I won’t charge. I already bought the book :slight_smile: you’re welcome…

http://forums.babypips.com/newbie-island/67202-born-win.html

Daniel J Catlin you are an interminable tease so you are! :slight_smile:

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 they’re 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.

That’s a ground shattering revelation don’t you think?

So if you slot that uncomplicated round peg into its perfectly shaped uncomplicated round hole, you’re 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 hasn’t veered off & added any more layers of inconsequential nonsense to his docket in the meantime)

And to assist you along the way you’ll 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 didn’t 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.

I’m not promoting or recommending Mr Grimes or his material in any way shape or form & I don’t necessarily share his view regarding the [B]time horizons[/B] in the passage [B]which I’ve highlighted in bold[/B], but I do feel he touches on a very important aspect & one which I’m 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

  • PipNroll apology motivional a story for you,

The Chinese Bamboo Tree :: Don Miller’s 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 …
[/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 Roger’s 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.

  • Personally, I think kathy lien and co one one blind alley to follow.
    In discussing an argument why that is, a reason after years of dismal results they have removed their performance Result from their webpages …

The biggest issue is that their way of thinking make you to a loser