There is no Holy Grail - Page 2
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Thread: There is no Holy Grail

  1. #11
    (Real Newbie writin' here...)

    is not this an expectations topic?!

    Which are anyones expectations when they start trading?! To start and make a livin' from tradind at the go?! To have the ability to increase their account 500 percent y/y?!

    Well, if you are then you ain't havin' actual expectations. Just 'cos we wanna believe.

    What exactly are actual expectations in trading?!

    If we look at the pros numbers we will get an answer on the market. Are they increasing their account size 500 percent y/y? 200 percent y/y? ?!

    NO THEY AIN'T!!!!

    Anyone makin' that a 10% growth y/y is currently a very good trader

    Now that issue is, can you create a livin' from a 10 percent y/y growth?!
    And in the event that you can not does this mean that trading is not for you?!

    Well, what I am tryin' to say is have actual expectations!!! If it's possible to beat what the bank is givin' you in your own savings account interest than you are a winner.

    Actual expectations lots of patience reduced risk (low yield)

  2. #12
    Ok then, so what's the difference between making 2% over a 100k account or 20% on a 10k account? None if you are profitable. If you are not profitable risking less simply means you will die slower, that's all.

    Personally, I would rather keep my money in a bank account as opposed to a broker's account.

  3. #13
    Quote Originally Posted by ;
    Of those supposed 95 percent of Traders who go bust, just how many do you think began with $100K? My bet is not many.
    For what it's worth an excellent buddy of mine (who is a desk supervisor for one of those very large and very active retail brokers here in London) confirmed this.

    Balances with #100,000 and above almost never shed in an annualised basis.
    Over 50% of their accounts which have balances of50,000 and above make profit each month.
    Balances of10,000 and not as are profitable less than 10 percent of the time.
    Balances of1,000 and much less are believed one-offs and therefore are actually managed in a system to 'upsell' them other products since they don't have any merit-worthy future for the retailer.

    So you're right. Statistically anyway.

    HP

  4. #14
    We've got the HolyGrail,You will find :

    1. Mindset
    2. Attitude

    No More,No Less - The Day you Understand How to read the Price,then Its the day you can read the individual behavior well also

  5. #15
    Quote Originally Posted by ;
    Your reasoning is like in a casino, win or not (trend broken or not). 50/50. Require justifiion rather than guesswork, trend or not. With this egy, you will be the failure.
    Fancy fucking the charts does not work...

    IMO it's is the trendline That's that the Holy Grail....if you do not like it we can call it Unholy grail

  6. #16
    Quote Originally Posted by ;
    The distinction between a successful and an unsuccessful trader isn't the account dimension, but his trading system along with his comprehension of the market. Your edge has to be undeniable.
    Hello Men, don't be that negative, the words by are so true. If you don't understand the market, no egy, no edge, even you have a million, you gon nana lose everything. Money direction come later when you'll tweak according to your trading system, or winning odds. I feel some birds that are old posted in certain threads of 6 digits account busted.

    The afternoon before, I saw a video on youtube about a self-made millionaire FX trader. He said he cant predict the market, but he's a border. He said the market fluctuate all the time, why bother about predicting it if he can hedge it with a border. If you understand a bit more about market and the way that price revisiting some points, maybe you understand what he mean and achieve exactly the exact same edge as him.

    And about using a massive account, eg, 1 million, what's the point of trading FX, should you gont risk a traditional x percent of the money, I will rather have the rest of the percent in safer investments or saving accounts.

    To tell the truth, everyone here can make a bit of little money, sometimes the greed and also the dream of fast cash are depriving you. Eg, my wife started 6 months before, give her a little account and started recently, she is able to make consistent money even though its insignificant, but the fear of losing are obstructing her. I'd also injected a bit more money in my account, and let's have a sense of a bigger pain, and she conquer it slowly.

    And last, don't we all have a sacred grail of Losing, therefore think from the box and change your ideas. Be positive and can everyone's dream come true for example mine, lol. Cheers!

  7. #17
    Quote Originally Posted by ;
    Trader can always try to increase his trading funds, it's just a matter of patience. In few years you can get 100K out of 10K finally and then start to earn your living! Its such as investing in bonds! That might take more time but is much safer...
    Yes,I concur with you.Thanks for standing outside and saying the truth.For traders who use small funds,they may not use decent money management since the urge to increase quickly such as getting more than 100 percent of equity in brief period of time. But should you use large funds like $100k. .you don't even have to achieve 100%. 2% every month is enough for basic needs. Money management is actually important in Forex but many traders dismiss that. The thing is its almost impossible to find straight wins. That is why money management is important. To save your account.

  8. #18
    Quote Originally Posted by ;
    We have the HolyGrail,There are : 1). Mindset 2. Attitude No More,No Less - The Day you know how to browse the Price,then Its the day you can read the individual behavior nicely also

  9. #19
    Quote Originally Posted by ;
    quote Sorry but that's a load of crap. Account size means nothing. The difference between a successful and an unsuccessful trader is not the account dimension, but his trading system and his understanding of the market. The money management employed will only let you know how quickly you'll lose your whole account (requirement: you have a crappy trading system). S.. . W large it is.
    Exactly, that's about it, in a nutshell. Thanks for the article, er..found parts of the article entertaining, thanks.

  10. #20
    Where's Majix when you need him LOL

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