2009.06.24 WHY 95% OF TRADERS LOSE PART III

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RicG
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Postby RicG » Fri Jun 26, 2009 8:02 pm

koolbreeze wrote:RicG,

I've read and re-read "Trading In The Zone" and "The Disciplined Trader" by Mark Douglas. Many of the things he talked about are part of what "I SEE and Believe and know how to do".

Yet at times I still break rules and engage in sabotaging behavior while trading.

That is my big question, Why?

Can you tell I've had a tough week trading?
Kool,

Yes I can tell that you've had a tough week. Don't feel bad, we all have tough days, tough weeks, even tough months at times. :-)

Since you "at times still break rules and engage in sabotaging behavior while trading", I suggest that you re-read "Trading In The Zone". Douglas speaks at length on that very subject. Maybe you simply need to re-visit that information.

Regards,
Ric
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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lukx
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Postby lukx » Fri Jun 26, 2009 8:16 pm

TRO what is RG indy at the bottom?

koolbreeze
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Postby koolbreeze » Fri Jun 26, 2009 8:47 pm

RicG,

Thank you for you're advise. I listen to a Mark Douglas interview at least twice a month. Great information, and yet . . . . I'll give it another read.

TRO, yup you are spot on. It's my lack of discipline that keeps me out of the 2-percent club.

Thanks

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Postby Fxtraveller » Fri Jun 26, 2009 9:54 pm

TRO,
COuld you please add a feature to TRO_MO_Boxes?

it only shows the most recent box, it would be an advantage to see the past boxes X candles ago....
thanks.
FxT.

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 10:43 pm

Fxtraveller wrote:TRO,
COuld you please add a feature to TRO_MO_Boxes?

it only shows the most recent box, it would be an advantage to see the past boxes X candles ago....
thanks.
FxT.


NO. It's a NO because there are too many things to consider.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 26, 2009 10:50 pm

lukx wrote:TRO what is RG indy at the bottom?


It shows how much you win or lose per candle if you only traded long (green) or only traded short (red). It's neither FREE nor DONATIONAL.

When your losses are kept to 10 pips, it should be obvious that just one spike can more than make up for your losses and you can quit while you're ahead.

This should be obvious to the reader. If you can't see it, then you need to reread these WHY 95% OF TRADERS LOSE threads until you do.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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prochargedmopar
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Postby prochargedmopar » Sat Jun 27, 2009 4:57 am

The MO_boxes seem to show the same thing as the dyn fibs indicator with a 5 iperiod setting.(brown dots)

The dots basically encapsulate the candles the same way....if your pushing the bottom/top of the dots you will also be pushing the bottom/top of the box.

Hmmmmmm
It also seems as though most times that the M1 candles start to push the #3's they are also pushing the edge or breaking outside the keltner bands.
This market is so easy,
If I didn't have this dag nab fear of loss inside me I'd be riding this thing for long runs of pips like most here would ride a french whore!! (maybe swedish?)(OK, russian then, hehehe)
LOL

Image
Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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TheRumpledOne
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Postby TheRumpledOne » Sat Jun 27, 2009 4:10 pm

WHY 95% OF TRADERS LOSE...

They lose because everything they do doesn't work in the long run.

Let's get back ON TOPIC.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sun Jun 28, 2009 2:32 pm

Image

Lime = High - Open

Green = Close - Open

Crimson = Open - Close

Red = Open - Low

If you pick ONE DIRECTION and only trade in that direction, how many times do you win? lose? How much can you win? Remember, your loss is fixed at 8 pips ( + spread ). Is there a point where you can quit while you're ahead? Do you make your daily goal? Do you win or lose overall? Remember, if there is a way to lose, count it as a loss.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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prochargedmopar
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Postby prochargedmopar » Sun Jun 28, 2009 2:36 pm

Possible scenario:

Trade 1hr. per session.
Use 30M Candle for entry.
Take 2 trades per session max.
1 Long/1 Short
S/L 7 - T/P 14
Use demo for over trading activities.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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