2009.04.04 WHY 95% OF TRADERS LOSE

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rjmann
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Postby rjmann » Sat Apr 11, 2009 6:19 pm

This is a realy great thread. Seeing newbies like myself laying it out on the table. I share alot of your frustrations. I just got just got the book Trading in The Zone by Mark Douglas and the good news is that, according to Mark Douglas all great traders share a common trait, and that is that they start out with alot of frustration in the beginning. A few months ago I'd read these threads and was lost with all the forex lingo, now I understand alot more and can follow a thread and know how to load an indicator and what its telling me to do. So I guess at this stage the rest is mostly mental.
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noone22
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Postby noone22 » Sun Apr 12, 2009 8:45 am

rjmann wrote:I just got just got the book Trading in The Zone by Mark Douglas


I know, that this is popular book among traders.
For everyone's convinience, I've found link to it in the public domain

Mark Douglas - Trading in the Zone

Password for zip-file is Douglas2$

rrobin
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Postby rrobin » Sun Apr 12, 2009 2:12 pm

noone22

Thanks I want to read this.

rr

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TheRumpledOne
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Postby TheRumpledOne » Sun Apr 12, 2009 5:20 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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pablo101
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Postby pablo101 » Thu Aug 13, 2009 7:47 am

TheRumpledOne wrote:
prochargedmopar wrote:I'm so glad I can be part of giving you new Ideas for post titles and things to rant about..........;)
We are all part of a much larger picture and just think how boring/less profitable life would be without Us. (The 95%)
We are not droids, we are chimps and somebody had to take the time to train them....lol

I'm having BIG fun and given time will start making some pips in the process. Hey, some are slower than others. Just don't cut us any slack because we need it more than the rest (5%).
Cheers.
procharged


Procharge... the title is NOT original at all. I am not ranting. Yes, I pick on you only to make a trader out of you. Just ask 3Clipz. I picked on him. I almost banned him. He "got the message" and is now an admin in the chat room and, more importantly, draining the bank every day.

Like I have been telling you repeatedly, pick one method and one pair and stick with them until you master it. Quit method hopping and pair hopping.

The choice is yours - success or failure.


I'm sticking to that one method now TRO after a hideous week on live trading.

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jacal1
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Postby jacal1 » Thu Aug 13, 2009 8:10 am

Pablo101

Since joining here at Kreslik I have found it to be a very helpful and very open site no one ranting no one putting anyone down but always answering questions with hopes to improve you and even open more questions to continue growth and learning.

Glad you have settled in hopefully you will find success with whatever you take from these forums.

DTB!!!
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7

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Patch
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Postby Patch » Thu Aug 13, 2009 3:27 pm

pablo101
Are you trading real money right now? What is your trading experience and success record to date? In Never Lose Again, Mighty One talks about when and how to go about going live with real money. MO starts posting about page 130 or there abouts. Find his statement and consider following this man's advice. While you are looking, if I may suggest, open and only trade on a demo account, or if you must a micro. --Patch
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

drumfukkah
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Postby drumfukkah » Fri Aug 14, 2009 2:49 am

I've followed your DTB instructions to the T and am finally, after so many unsuccessful runs, seeing some results.

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retireme
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Postby retireme » Fri Aug 14, 2009 4:22 am

drumfukkah wrote:I've followed your DTB instructions to the T and am finally, after so many unsuccessful runs, seeing some results.



Hey "drum******", with a name like that, you have to be Australian :)

Congrats on the success wherever you are from!

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TheRumpledOne
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Postby TheRumpledOne » Tue Aug 18, 2009 12:49 am

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process." (Page 54) HOW WE DECIDE
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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