Thank you - i’m currently seeing a doctor about it
I thought that little expose was rather informative
Ah well C’est la vie !
You still here, it’s way past your bed time isn’t it.
Don’t you have a 9-5 to go to.
My original point was, does real success offend people, or get on peoples nerves, in the form of jealousy - we can safely say, yes it does.
Just how someone drives past in a Ferrari and you think what a ****, bet he is renting it etc. - likewise when someone is making money and showing it, you get offended and think of reasons why this person is not genuine, or they are here to sell something.
So did I, then realized I’ll have Mr P aka @Pipstradamus on my case if I leave it up!
It’s xmas - no need for that!
Aye right enuff
Traders, their is a lot of naysayers around the block, ok I have had folks say show me yours and I’ll show you mine before. Invariably when I show my edge aka expectancy they find excuses not to prove up. Just all BS. It is true you can get funded for 1K and in ten days get 2.5k and in 90 days 5K and in another 90 days 10K and in another 90 days 25K and so on up to 250K and I do know folks at that level, no not me, I am not worthy yet, but associates. It is also true if you lose 20% of your account you are suspended. After all no one is perfect.
Now for you naysayers did you know that most folks have a platform level, you could call it a choking level. It might 10K, 25K or a 100K but it is there. Hiding just lurking and waiting for you to have an ego. Then in a flash you cash is gone.
I have not spoke out of turn here nor any other thread, go check my posts. But I am saying cash management is the key to your success.
It doesn’t matter if you have 1K or a 100K or 1M under management, gambling is gambling and if you do not have a cash management edge you will loose it, no its not a question, its just a matter of when.
Understood.
Regardless of what you do or how well you do it, you will always have naysayers. People interpret things differently, depending on their mindset. Personally, in most cases, when I see evidence of success, I see that as a positive thing and I feel motivated. However, I know, for a fact, that many people do not. Instead, they see it in a negative way, as gloating or showing off, as they say.
That being said, it can be annoying when someone regularly shows off their success while also showing an unwillingness to share any knowledge or help others. It can be easy for traders to become skeptical at that point.
This is spot on.
This is all lovely stuff but when did the retail money you are trading, get classed as a fund?
My original point was, does real success offend people, or get on peoples nerves, in the form of jealousy and you keep talking about money management over and over again.
@jafooly it is an interteresting question/exploration!
It’s funny that one of the key elements while trading forex is corral emotions and remain objective and this topic seems to be emotionally charged.
I don’t see any harm in a member posting anything from their live account with the exception of the account number for their sake!
While I am no forex professional by any stretch of my imagination I do know that I am on a journey to become consistent in my trading and would actually find live account postings indicating growth over time as an incentive that consistency can indeed be achieved.
IMHO,
KC
Indeed - it’s pressing on emotional responses as can already be seen. It’s one of those controversial questions that many try and avoid entirely, because it simply exposes how good you are and if you have skin in the game.
It’s the equivalent to looking at a companies P&L and Balance sheet when investing in stock and shares, would you just take their word that everything is rosey, or would you want to see the numbers and know who to invest in? I’d rather invest my time, which I value, into a source that has been prudent and proven. It’s logical, surly?
Spot on @frandlost - it is almost a case of a live account that happens to make a lot of money must be a demo, is showing off and why is he here, and a small account that is indeed a demo, traded by someone who has no clue, is considered real.
Why? Because someone trading a small account is more approachable to the majority of traders here.
In everyday life, people ask you to prove your identity, age, and when you purchase something you check if its genuine or not, essentially due diligence.
But when it comes to Forex it has to be hush hush, lets not talk about if this guy is the real deal, lets just assume he is, because he doesn’t talk about it.
It’s a bit like TradingView where everyone is posting trading setups, analysis and what they think is going to happen - the majority of these guys don’t even have a live account, and the ones that do, don’t even take the trade they just suggested.
Prospect theory assumes that losses and gains are valued differently, and thus individuals make decisions based on perceived gains instead of perceived losses. Also known as “loss-aversion” theory, the general concept is that if two choices are put before an individual, both equal, with one presented in terms of potential gains and the other in terms of possible losses, the former option will be chosen. Members how many people are willing to publish their bank account balances?. Even in an organisation payroll is hidden to some staffs, to me its not wish to show your live accounts but sharing a strategy and other members proof it is a good starting part. Cash management of one individual may differ from another individual yet the objective for trading is one.
And so it should be, as this is a breach on confidentiality - also the value of ones payroll or salary has no impact or reflection upon how good they may be at their role within a company?
I completely agree, and this is one lesson that all potential “traders” need to snap out of - because it’s this wired behaviour that leads to poor trade management, regardless of a traders risk management.
This then brings me back to the simple question which is how do you judge a traders ability to be successful, there is only one answer, and it’s on the P&L bottom line.
I agree. If you’re a profitable trader & don’t mind sharing your results you shouldn’t get bashed for that. ■■■■ it should motivate you to want to get on their level as well honestly!
majority of those people that post insights on TV don’t have a live account? How do you know that? lol I personally don’t take trades based on those insights, but I do look at them just to see how others people view the pair I’m looking at,it’s interesting
That is the most stupid ting i have ever heard you go under a username here and can post myfxbook without showing who you are ore acc.nr…You can show your results because you cant trade for ■■■■ isnt it better to be honest instead of coming with so stupid exuses we laugh ore ace off…
actually, I can’t link to myfxbook, I was planning to do that but the platform will not allow an outgoing connection.
If I can figure out how to get my Oanda connected I will, currently I just get an error.
Bacon said it well “This then brings me back to the simple question which is how do you judge a traders ability to be successful, there is only one answer, and it’s on the P&L bottom line.”
Sorry if my post offends your senses of sharing.
plus more of that and time which is not your hand
Wow, you hit the nail right on the head with a sledge hammer, lol.