I suggest you focus on this first and foremost as trading FX is simple but not easy. There is no fast road to riches.
However, perseverence is a key mindset to eventual success.
Best of luck.
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Thank you Steve369.
I completed the lessons from “Which Type of Trader Are You?” I was like Goldilocks trying out the different beds until she found the one that was just right.
But unlike Goldilocks, I didn’t find the trading style that was just right for me, so I have to keep looking and studying.
I don’t want to be a scalper, day trader, or swing trader because I already look at screens too much from coding.
I might become a position trader, but it’s not really for beginners because you need a lot of risk capital to pull it off. I’ll figure it out eventually.
I’ve been dealing with my regrets from all the years I wasted and the feeling that I’m so far behind in life.
I just happened to get one of the random quotes at the bottom of each lesson that seemed like babypips was reading my mind:
“Doing the best at this moment puts you in the best place for the next moment.”
I’m taking those words from Oprah to heart as I keep learning and living my life.
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I joined the DARK SIDE of trading.
I found a trading system that’s just right for me.
It’s diabolically simple.
It’s a set and forget system. Almost no analysis required. Takes only a few minutes a day.
I learned about it from an ongoing trading experiment that I’ve been watching on YouTube.
They started with a $100,000 account. They only risk 1% of the balance.
They focus on the exit while having strict rules, use a trailing stop loss, and choose their entry with random things like rolling dice or spinning a wheel.
They let the law of averages work in their favor.
They’ll lose more trades than they’ll win, but they’ll make a few big wins to make them profitable.
Their strict rules will let them stay in the game long enough to make those big wins over time.
I’m tempted to stop taking the babypips course because of this devilishly simple system that disregards a lot of the things babypips teaches.
I can get cancelled for sharing this heretical and unorthodox system.
I don’t really need to learn anything else from babypips because this is the system that I’ve been looking for.
I found my holy grail!
I’m still gonna finish the course. I’ve already learned so much and I wanna make the most of what’s left to learn.
It’s one of those things where it’s better to have it and not need it than to need it and not have it.
I’ve completed 282 of 361 lessons so far. I finished the lessons from Creating Your Own Trading System. One of the recent lessons was called “The So Easy, It’s Ridiculous Trading System.”
"We know you’re probably thinking that this system is too simple to be profitable. Well, the truth is that it is simple. You shouldn’t be scared of something that’s simple.
In fact, there is an acronym that you will often see in the trading world called KISS.
It stands for Keep It Simple Stupid!"
These lessons about trading systems helped me to decide that I’ll stick to using the simple system I discovered that’s even more easy and ridiculous than the one from that lesson.
You have to see it to believe it. I couldn’t believe how simple it was when I first saw it. If there’s a system that’s more simple than this one, please let me know.
I plan to demo it after I complete the babypips course. Here’s a 6 minute video if you want to watch this sinister system in action.
I would love to get your thoughts about this system. What was your initial reaction? Would you use it? Will you join the Dark Side? 
Let’s hope not.
I, for one, enjoy your posts and find them interesting.
That’s quite a claim! I haven’t seen it but will watch the video later, with interest.
That’s basically the “Cowabunga” but with the stochastic set at 10-3-3 instead of 14-3-3.
Unfortunately, neither has any edge at all.
If you read the long Cowabunga thread you’ll find countless posts there from members who have backtested it over countless years of data and on countless currency pairs.
They all agree that it never actually has any demonstrable edge on any pair, in any year. 
Methodical and accurate backtesting is so easy, these days, and its needed facilities so readily available, that claims of profitability for multiple indicator-based methods like that are very easily disproved and discredited.
I can perhaps get cancelled for sharing this heretical and unorthodox information. 
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I’ve watched it now.
Thanks for posting it.
Most entertaining.
I agree very much with what they say about entries and their relative importance.
I think most successful traders would agree, in principle, with that.
I’ve certainly seen plenty of experienced traders I trust saying that entries are about 2% of “what matters” in trading.
And I’ve certainly seen a few thousand people posting in forums who seem not to understand the difference between a “trading system” and an “entry method” and I know those people aren’t successful.
No way.
Of course not.
It was shown in that video as “trade number 27” of a $100,000 account of which the balance, when the trade was opened, was under $98,000.
If they can’t even make it look profitable in their Youtube video, then I commend their honesty but won’t be trading it, myself.
Besides which, I prefer higher win rate methods, myself.
I’m not keen on drawdowns.
But 27 trades, for a 2% loss?
Really?
Yes, maybe, but not what they call the “dark side”.
I’ve always thought the “dark side” in trading meant trading without indicators, but they’re clearly determining the trade direction from a moving average, and the trade management from the ATR.
So that surprised me a little.
Good move!! 
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Thanks for the support and taking the time to read my posts.
I didn’t know that about the Cowabunga. I think you’re safe because babypips encourages people to do their own research and backtest things. Throughout the lessons they always say that all the tools they teach us to use aren’t guaranteed to always work.
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Thanks for watching the video and the useful feedback. I’m just starting to understand the difference between a trading system and an entry method. I still have much to learn.
That 2% loss after 27 trades didn’t seem bad to me, but I am a noob so I’ll have to figure this out.
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a 2% drawdown isn’t terrible in itself, but after 27 trades one would hope to be perhaps 5%-10% ahead overall, so a 2% drawdown would still leave you 3%-8% in profit - i think this is Pipsteroid’s point (which i’d agree with) (but who knows? he may be on drugs half the time anyway?)
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2% loss x 27 trades = 54% loss
If you lost half your account, it’s time to go back to demo, if you’re not there already.
Actually, (generally speaking) you should have returned to demo long BEFORE losing half your account. Remember in Pipsology, it says you gotta protect your capital. If you have no capital, you can’t trade. I was trading live prematurely, I was hemorrhaging money, so I went back to demo in order to preserve my capital.
And you don’t have to risk 2% per trade. There’s nothing wrong with 1% or even 0.5% risk per trade.
@playwiththegods What do you think?
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no, no - it’s a net loss of 2% after a total of 27 trades, on that video - and they’re not risking 2% per trade!! 
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It’s good to know you have my back and you’re someone who will call me out on any mistakes I’m making. I appreciate it even if you misinterpreted the numbers. 
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LOL! 
That’s a good point. In my mind, I think being down 5%-10% seems normal and expected while being 5% - 10% ahead is pretty good. I’ll be happy if I’m ahead by that much.
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Oops. Sorry. I definitely missed that. Being down 2% total isn’t so bad at all.
Nothing is so simple in life so just hold onto your plans but take your decision carefully so you don’t have to suffer in the long run. Best of Luck for your future plans!
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Thank you Peter_John.
To Make Myself
"Keeping a trading journal is actually a crucial task in any performance or goal-oriented endeavor. The key is to have some way to measure, track, and stay focused on improving your performance. World-class athletes do it to keep track of what helps them to be better, faster, and stronger on the field or court. Scientists do it in the process of finding their next greatest discovery."
"A disciplined trader is a profitable trader and keeping a trading journal is the first step to building your discipline."
"A trading journal isn’t just about writing in the prices of your entry and exit and the time you executed the trade. The trading journal is also about refining your methods and mastering your own psychology."
"It’s your trading journal. Just like your custom Dota 2 character, you should customize your trading journal as you see fit. Remember, you are the one who’s going to benefit from writing a forex trading journal. So write down what you think you would benefit most from."
I completed the 12 lessons from Keeping A Trading Journal and got a lot out of them, but it’s totally useless if I don’t consistently apply what I learned to my trading journal and my everyday life.
I got 100% on the quiz on the first try, but that doesn’t mean I mastered these lessons. I know I’ll come back to review these lessons a few more times throughout my trading career. It’s the most important section out of all the lessons so far for me.
I’m glad I started writing this journal to take that first step to building discipline even though I’m not yet trading.
I’ve been like a scientist studying myself and making new discoveries about myself with this journal. I’ve been like a world-class athlete using my journal to become better, faster, and stronger.
It’s helping me work on mastering my own psychology. I realized that there’s really no such thing as “trading psychology” or “trading discipline.”
It’s just psychology and discipline. My psychology and discipline are essentially who I am. Who I am 24/7 is who I’ll be when I sit down to trade. If I’m a fearful, insecure, impulsive, undisciplined man, there’s no magic switch that will turn off that man when I trade.
I have a lot of work to do on my psychology so I can be a confident, patient, disciplined man.
That means getting out of bed and going to sleep on time. It’s faithfully following my schedule and not wasting any time. It’s studying without getting distracted or just half-assing it. If I can’t stick to my daily plan or study plan, I won’t be able to stick to my trading plan.
One crucial epiphany I had from working on my journal is this: I want to trade to live and not live to trade. I don’t want to make trading my life. I don’t want to spend most of my waking hours each day on trading.
I’m using trading to make my life better like I’m using this journal to make myself a better man.
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I’m definitely with you on that one. I’d like to see what time frame you decide to trade…
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I saved this.
Sir, you must be a poet.
Thank you for these words. I hope they not only ring loud for you but anyone who reads them.
When you achieve the success you will undoubtably reach, please do not forget these words my friend.
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