5 Things I have learned in 5 years of trading!

Discussion in 'Trading' started by sebking1986, Aug 16, 2021.

  1. padutrader

    padutrader

    oh i will because YOUR POSTS speak for themselves and it is proof that you are a racist and indulge to petty personal attacks
     
    #51     Aug 17, 2021
  2. Algorithm trading is a pure waste of time.
     
    #52     Aug 17, 2021
  3. Why do you say that bro? I feel the same way about my ex-girlfriends. :/
     
    Last edited: Aug 17, 2021
    #53     Aug 17, 2021
  4. I think more predictable than many think, although I tend to stick to EURUSD which closely follows DXY.
     
    #54     Aug 17, 2021
  5. padutrader

    padutrader

    no my friend has delivered 900% in a year in a mql4 signal with an algo.......pretty good considering you do not waste any time
     
    #55     Aug 17, 2021
  6. padutrader

    padutrader

    can the markets be managed ? yes.

    money can be made.

    no real need to predict anything

    may be that is what you mean .
     
    #56     Aug 17, 2021
  7. Oghmaron

    Oghmaron

    The experience is certainly impressive, but everything is so borderline and it is not clear how effective it really was
     
    #57     Aug 17, 2021
    padutrader likes this.
  8. Branos

    Branos

    Really nice tips which deserve everybody's attention.
    I still don't quite agree with the first tip. It goes without saying that the broker cannot make you rich, but it can make you poor. In spite of the fact that forex market is getting more an more regulated there still lots of scammers which pretend to be brokers and take people's money without giving it back. Trading is impossible without brokers and traders should pay much attention to the brokerage's reputation and regulation, otherwise, they will never earn anything trading financial assets.
    I totally agree with your point concerning social media 'gurus'. Especially the videos where 'successful traders' at the age of 17 claim that they have made the fortune trading forex or binary options in several years and they try to persuade the viewers that it is super easy to do trading. Many people have become victims of such approach and they lost much money having high expectations from the market. That is absolutely sad.
    I cannot but agree with your position concerning trading strategies. It is stricktly individual thing which can't be used by everyone. Trading strategy is built and improved through trading experience, knowledge and skills of a trader, so there will be noone who can tell you about profitable consistent trading strategy free of charge. Don't be naive.
     
    #58     Aug 17, 2021
  9. all that work and effort, and can not even beat the Vanguard S&P 500 index. Save time and invest in Vanguard S&P 500 index and day trade.
     
    #59     Aug 17, 2021
    Darc, Fonz and roger_nelson like this.
  10. easymon1

    easymon1

    Plan your work.
    Work your plan.

    A tip of the hat to Robert Morse for his post from which this was lifted,
    'What triggers a buy or a sell to open?
    What triggers an exit?
    How do you size your trades?'

    What would You say belongs in a solid trading plan?
    https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-4#post-5031706
     
    #60     Aug 17, 2021