Oh… It’ll be a disproof alright. I’ll be posting a solid picture of my laugh when that comes… or when they dissappear… Either or I guess…
You’re kidding… a solid entry setup is 80% of the trade? I dunno how long you have been trading, but if you’ll read some trading articles even online… Your entry signal does not account for much of a trade. Your trade management, exit, risk managment, psychology is what matters most…
Flip a coin, heads = long, tails = short, risk 2% per trade. No SL or TP and manage to how you see fit, if you practise enough you could double an account quite proficiently like that. Try it.
I didn’t even understand what you wrote, try to use some grammar and punctuation next time.
Believe it or not though, from what I can understand, you’re saying a coin toss is 40/60…? It’s actually 50/50 statistically. And how do you know your R:R if you don’t have a SL or TP set up?
Surprisingly, another fellow (my friend) had that challenge on a different forum, and of the, probably, hundreds/thousands, that attempted it, the 14 that actually managed to double an account are now millionaires.
I’m not saying trade with a damn coin, but rather work on ones trade management with it. Jeez, trading with a coin is still alot easier than going for your daily goals. You two… and a few others on this forum… man… I don’t even know what to say. You guys are impossible… Take a read at Van Tharp’s trading psychology and personality. Take the test… I can almost bet money that you’re personality is the complete opposite…
i don`t understand why you sound very upset
take it easy the English is not my mother language
and what i wrought is pretty easy to be understood from a forex child
at the end it’s all about point of view of what you believe it is true
and simply i can’t change other people believes … they need to change it themselves
so happy trading and have a very much nice day
i will not be very active in this forum the next year as i have a lot to do
however, when i have a chance I’ll try to post a live scalp trades, so far we need only 3 net successful trades the next week to achieve our target, i think i can do it.
best wishes again and keep it up
Check this man: this is what 10% a day can do. Live account on myfxbook. His account details are hidden but even if he started with $100 in his account he would be rich by now in 3 months. So it is possible. He seems to be going for 2 pips = 1% though so definite high risk player.
actually edit: ignore this, myfxbook can be manipulated heavily as it calculates the % win of his original deposit - the Absolute % is what you should be looking at (70% odd which is nothing to be sniffed at). The guy probably put in 10 cents and then placed a massive deposit afterwards - still amazed he managed 4591 pips in one day though.
as you said 70% of absolute gain is nothing really unusual
the 4591 pips is easy
if you catch a good move of a 100 pips for example and open 50 trade each one with micro lot at the end of the day you will got 5000 pips while your total exposure is 0.5 standard lot (50k), but your really gain would be only 500$
if you look to the equity growth chart and see those draw-downs you should expect some loses… but the guy loss is only 1 trade …out of almost 300 trade. funny
Its Dec. 31st, 2011
The last day of the year, a day in which many use as a turning point, or a new page in the journey thru life.
Its a day, to sit and reflect, what you could have done better, or simply, just could have done, period.
Are you where you wanted to be at this time last year? Or are you a few steps behind?
With the change of the calander, we also set the tone for change. Im not where I wanted to be, but I found the path
to take, to be where I want to be in the future. I will use this day, as a rebirth, Of who I am, not who I want to be, Im ME…
While most are gearing up to get hammered tonight, Im tweakin my plan for 2012. If I dont turn over $1,000,000 in profits, I didnt follow my rules. I lost focus, I lost ambition, I lost belief in myself… I wont fail, thats not an option. Kinda like a stop loss, if you have to place it, your unsure of your move.
Like nosey, the first trade he lost in this thread, notice he reduced his risk, He planned failure from the first step on the field for that inning… He already knew, he might lose, but he made the trade anyways…
System | Myfxbook