Not to worry. This is not an agree or disagree world. It is really difficult to get into conversations, etc.....when the playing field is so broad. Most people get into trading by going about it in a way that dooms them. Its very tough to get out of such traps. This thread is mostly a commentary by people who are trapped by their pseudo plans. They do not have any alternatives to become successful.
actually almost any good plan can make money, but the traders become the real obstacle...........mark douglas "trading in the zone" is the first book i ever read on trading ............it addresses psychological aspect of trading........understanding risk, fear, and why the brightest are not necessarily at the top of trading world..........as a matter of fact, they tend to bomb out quicker than others.....
Thank you for sharing. On a good note, it is great that you are seeking to learn how to lose. Losing is a big part of trading. Ask yourself, "How much does this financial instrument have to move to cover fees? To be profitable? What is the estimated possibility that it will make the move? How did I come to that estimation? What are the odds of this system working? Ask yourself similar questions and more. Make a business plan. Execute it. If it doesn't work, restructure it. Tweak it.
Of course, you will knock out some of the big winners as well when you cut your losses simply because there will be those trades that lost heavy initially but then recovered to become big winners.