In 2008-09-10 I spent thousands buying courses, systems and books. Those days I was regular at another forum. One of the guys was very good at market timing, so one fine day I sent him a PM asking to buy the method. He agreed, and that was the LAST method I bought. A working method is an income for life. I use this method and the one posted earlier on a regular basis. This was years ago, I don't even know what systems/methods are available now. Whether we like it or not, there is a lot of LUCK involved, in everything we do. How many girls did you date, before you met "the one" you married ? Last year, my nephew decided to stop working and become a trader, so I made a 20 min video of the method and sent it to him. 5 min on the setup and stop loss, and 15 mins of example trades which worked and didn't. His first options trade made 500%(beginners luck) and the next 7 trades got stopped out. That's life. Most of the popular trading gurus are very average, the real ones are happy making money without publicity. From the older gurus, there is an excellent book on collars from Randomwalk. Used with market timing you can avoid the massive drawdowns of conventional investment methods and triple your profits. There was a course from a "Dave" on trading by cutting losses to almost zero. I don't remember his last name. Todd Mitchell had a course called "Power trading", that was better than most and one more called "5K to financial freedom" with John Ondercin. Absolutely.
i have just realised that i am terrified the market will move against my position..........so i take profits too early. so yes you can find a set up that works........and in fact most do.......but it is our minds that the devil lies. i have searched the whole universe of technicals but the loose nut was in my head. if you have a fear the market will expose it. we keep searching for what is wrong with the set up or the method or the risk management or the time frame or the instrument we are trading. we search and try to find what is wrong with everything that we come across. but those are fairly simple things to do to apply correctly. if you go to the jungle, you see a pride of lions lazing around we are fearful of them. but you may also see a lot of herd of deer grazing peacefully within shouting distance of their nemesis. this is because it is the unseen lion hidden in the grass that is the real danger. the fears hiding in the head.....unseen.......
I hope you didn't spend too much on that BS. A collar is a synthetic bull spread. Yup, just a bull vertical. It's what made Madoff's fraud possible. Knowing synthetics would have saved $50B (Madoff's Ponzi).
padutrader, We're starting to worry about you. Hope all is well. You should consider just writing down your trade method and then share it with anyone that wants to learn it. Let them use it anyway they want to even if its different than how you're using it. Stay away from the mentoring stuff. Way too time consuming and a drain on one's own trade performance. wrbtrader
yes i have been making cash every minute of the day today. now i know you will say i will lose again.. the main problem was that i want to look at chart whole day I LOVE LOOKING AT CHARTS i do not want anything else never have never will...that is why i did not mind losing for 30 years........ so i now decided to change that i started position trading 30 years ago when futures did not exist in my country. i started trading forex in 2007 some people will say all of this is lies ...but it is ok....there are people who believe me too....... they pm me and tell me
ok see which is stronger bull and bear and be on that side..... just eye ball the chart it will be clear. thank you and if you make money give 10% to charity
yes i found that out in my 25 years of golf. mentoring helped me define my method because what ever i said i would be challenged and i has to explain it so my mentoring actually helped me. now i am ok so i stopped mentoring
Well, because it is the truth, isn't it? Back at $0.57 balance ... Maybe you should stop saying how profitable you are until you have made a profit for a few days or weeks in a row ... Funny how you instantly mention it here when you are profitable, even if its just for a few hours, but never mention the blowouts.