of course everyone sold big and fat here, and still trying to figure out where to exit?
No trading is not difficult its actually very easy, difficult part is to bring consistency in good results.
thats actually the easy part, bringing in consistant wins, it is what you believe it is. You have to change your thinking about trading to actually change your trading (results).
it all stems from your mind and your way of thinking
for starters, get rid of the (loss) stops, & use the smallest size lot size you can. Stick with one pair that is +swap, go with the longer term flow on the price, see what price is reacting to, as in weekly supply and demand, and accumualte CT if it is +swap, make a grid of orders, use tight (profit) stops and lots of them! and from ten years ago! check out this post, enter one at market, .01L no SL, 300 pip tpt, the “loss leader” and start packing away pips. my latest live account is here: Stephen System by rrram2 | Myfxbook most everything in forex is a lie! everything they teach and say : the truth is all mostly 100% opposite! the trend is a lie! the spinning globe is lie! in fact here in something to SERIOUSLY consider I recently found and saw for the first time! The Trend Is Not Your Friend, Randomnes Is , be assured the trend is the banks friend! DUH!
he didnt forget to put the (loss) stop, he was born wise and instantly “KNEW” stop losses were NOT for this baby since this one was trying to actually win $ trading not die of 1000 (loss stops) CUTS.
I was born to trade Martin, not only can you imagine it, you can realize it! I mean here: Stephen System by rrram2 | Myfxbook help me improve? I am now doing DD excercises, risk on, risk off, you know…put DD on, take it off in profit over and over. too many lies you all have been told about trading and you cant seem to figure them all out, the more lies you lose, the better your trading will be. If you are constantly losing trades…you might imagine you live on a spinning globe (also a lie!).
The Trend Is Not Your Friend, Randomnes Is dont miss this, the trend is really the bank’s friend, the trend is not my friend! I dont have deadbeat friends like the trend. and there is no randomness! nothing is random unless you imagine you live on a spinning ball…but its a sure start!
The graphic above is exactly what I had in my head… Not as many trades on at the same time but the same strategy.
Tx,
KC
Pardon my ignorance but I am not familiar with DD excercises etc… could you clarify?
tx,
KC
If trading would be easy, everyone would do it and become rich.
Trading is simple, but not easy, as has been said so many times.
Draw Down, the lies told in the forex world is that DD is bad! so I am doing some excercises to prove that that is pure BS
DD was taken down to less than 1%, then max DD was put on, and now I am taking DD off (in profit). SO I am banking pips and managing DD. DD is your friend not the trend!
DD is draw down, retail traders (RT’s) are taught that DD is bad, thats also a lie, that would be like trying to tell me that a mortgage is bad! HAH, 30 year mortgage as compared to 30 years of paying rent, not hard to figure out! pay mortgage gain equity, and int he end you will be at 100% equity, pay rent for 30 years, you never will gain ANY equity, and at the end of 30 years you will still have no equity paying rent! AND 30 years of rent receipts arent even good to wipe butt with, so they are of no real value!~
THIS… Is very funny!
KC
DD exercise Complete rinse repeat (RR)
for sure I am not giving advice, get a job.
and for sure dont do what I do! it could mess up your accounts like it did to mine!
Stephen System by rrram2 | Myfxbook
It’s like a guaranteed stop loss being hit every month. Money flows out never to return.
I like the visual and understand that strict risk management is required to succeed!
KC