Trading Sayings: Fact or Fiction - Page 3
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Thread: Trading Sayings: Fact or Fiction

  1. #21
    Quote Originally Posted by ;
    quote The way I see it, it is a fascinating event, for example, winners stick to this type of rule (as mentioned previously: including yours truly for the last few years has been producing pips consistently with dd within limitations and about the low side) and so do the winners, apparently. Same rules, different outcomes. So winning / losing isn't about following rules. Because, for a few, following rules makes them lose money AND for others, the very same rules will make them money... Something else must be happening, possibly from the subconscious. .
    Rules. . Which can be applied in different times (e.g.) distinct market conditions. That's why losses and wins. And times because of their appliion seems to be the core trading egy. What losers get is only neglect, what winners get is luck. . Simple as that. .

  2. #22
    Quote Originally Posted by ;
    quote The way I see it, it's a fascinating paradox, as an instance, winners follow this sort of rule (because mentioned previously: including yours truly for the last few years has been making pips consistently with dd within limits and about the other hand) and so do the winners, apparently. Same principles, different results. Thus winning / losing isn't about following rules. Because, for some, following rules makes them lose cash AND for many others, the very same principles will make them money... Something else has to be going on, possibly in the subconscious. .
    LOL, I know..there are times I wonder about it, about the karmic balance and most of the religious stuff and whether it somehow dictates the market. .
    How I see it, a trader requires a lot more than blind belief to property pips, he would need actual skills and have the ability to apply it effectively. .

  3. #23
    ToS?wz
    Guest
    Quote Originally Posted by ;
    quote The way I view it, it's a fascinating paradox....
    This brings to mind the expression: a good trader follows his rules; a great trader knows when to break them.
    Perhaps there's some truth in that?

    A time ago I wrote an EA for Claudia, an ex-bank trader who nowadays trades independently for her dwelling. The EA allegedly trades precisely according to her rules, which are fairly simple and unambiguous. Yet Claudia is profitable, but the EA is not.

    I bookmarked these posts by (here and here) since they made good sense to me.
    And in similar context, a very thought provoking one by Topherhk88 here.
    Perhaps the replies to your paradox lie somewhere inside the ideas discussed in these posts.

  4. #24
    Hanover - Yes, I'd agree with that statement. Maybe treating the 'rules' as guidelines would help people stop trying to be too rigid about how they adapt and trade to market conditions.

    Also, I appreciate the links, as they refer to quite great articles.

  5. #25
    Quote Originally Posted by ;
    quote This brings to mind the expression: a good trader follows his principles; a fantastic trader knows when to break them. Perhaps there's some truth in that? Some time ago I wrote an EA for Claudia, an ex-bank trader who nowadays trades independently for her dwelling. The EA allegedly trades precisely according to her principles, which are fairly straightforward and unambiguous. Yet Claudia is profitable, but the EA is not. I bookmarked these posts by (here...
    ... well then, the overall overwhelming evidence and conclusion is that trading is an art form
    It is the art of maintaining everything you have and getting everything you can

  6. #26
    Thank you Hanover for the Links, some great posts there.

  7. #27
    Hi All,

    I think everybody knew the rule below for trading forex:

    Ride the tendency: buy on dip and sell rallies
    Money management: risk 2% account, use stop loss, risk and reward ratio
    Control your plogical: greed, fear
    Plan you trade: subject and individual
    Therefore, trading is art not science

    However using the principle is quite hard and difficult because we are extremely difficult to control your emotion (fear greed). Even, if we could use the principle we can not trade forex for living because reunite too low as a result of cash management or you need to have a large deposit amount. If you're in loosing position with large deposit will affect your emotion (fear) or if you're in winning position using large deposit amount you fear the default option from broker. Therefore, trading forex because with a lot of risk and emotion.

  8. #28
    Quote Originally Posted by ;
    All trading rules are made to make you eliminate money.
    time you tell the facts

    the majority of time you are un-optimistic

  9. #29
    The Trend is your friend: for certain and there is only 1 tendency which is on the TF you are trading from.

    Buy Low, Sell High: and pigs fly!

    Catch a falling knife: I agree not to perform it

    Risk 1-3%: BS designed simply to create us deposit large $

    Bonus suggestion: transaction just 1 instrument.

  10. #30
    Quote Originally Posted by ;
    The Trend is your friend: for sure and there's just 1 trend that's on the TF you're trading from. Buy Low, Sell High: and pigs fly! Grab a falling knife I consent to not do it Risk 1-3 percent: BS designed only to make us deposit big $ Bonus tip: trade just 1 instrument.
    I have a concept (like all other rookies that created a trade system work on all of the tools) then I understand that if I trade on a single tool and get my 1 percent why I want prefer this program

    really nice bonus tip.

    thanks.

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