Never Lose Again

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forexbob
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Re: Never Lose Again

Postby forexbob » Fri Oct 07, 2016 1:22 pm

v8power wrote:
vjjokhnr1 wrote:Hi guys,

can someone please summarize in one post whats going on here? It seems lot has changed but its really impossible to read all 802 pages of stuff. thanks


I've read it at least a dozen times. If reading 800 pages is impossible, just quit trading now.



Yep :mrgreen: , maybe it sounds harsh, but you have to put in some effort too and at the end pick the fruits of your labor.

If you want to know where to start , then that's another question.

Answer : on page 1 of a thread; and then another thread and then another and reread things ...

Been there ; done that ; know my week points and working on it.. 2become a better trader

The lazy way: start with all new posts every day.. What you do not understand search (and or read prev pages or another thread) and ask questions....

Looking forward to the end of december, where i stop trading and have more time for rereading some threads and books.

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Re: Never Lose Again

Postby v8power » Fri Oct 07, 2016 1:31 pm

forexbob wrote:
v8power wrote:
vjjokhnr1 wrote:Hi guys,

can someone please summarize in one post whats going on here? It seems lot has changed but its really impossible to read all 802 pages of stuff. thanks


I've read it at least a dozen times. If reading 800 pages is impossible, just quit trading now.



Yep :mrgreen: , maybe it sounds harsh, but you have to put in some effort too and at the end pick the fruits of your labor.

If you want to know where to start , then that's another question.

Answer : on page 1 of a thread; and then another thread and then another and reread things ...

Been there ; done that ; know my week points and working on it.. 2become a better trader

The lazy way: start with all new posts every day.. What you do not understand search (and or read prev pages or another thread) and ask questions....

Looking forward to the end of december, where i stop trading and have more time for rereading some threads and books.


O I had to censor myself very much with that post. I had some choice words. Who says reading a internet thread is impossible. Guessing college is not in your future. More like port a potty cleaner. Don't think that requires to much reading to master. What happened to members not being able to wait for the next page in whatever thread. Wanting to try out the next new idea. See who was the next to quit their job and trade full time. If reading 800 pages is to hard for the ability to make millions of dollars yearly/monthly/weekly. Fine by me. One less trader trying to steal part of my fill.

v8power
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Re: Never Lose Again

Postby v8power » Fri Oct 07, 2016 1:35 pm

v8power wrote:
forexbob wrote:
v8power wrote:
I've read it at least a dozen times. If reading 800 pages is impossible, just quit trading now.



Yep :mrgreen: , maybe it sounds harsh, but you have to put in some effort too and at the end pick the fruits of your labor.

If you want to know where to start , then that's another question.

Answer : on page 1 of a thread; and then another thread and then another and reread things ...

Been there ; done that ; know my week points and working on it.. 2become a better trader

The lazy way: start with all new posts every day.. What you do not understand search (and or read prev pages or another thread) and ask questions....

Looking forward to the end of december, where i stop trading and have more time for rereading some threads and books.


O I had to censor myself very much with that post. I had some choice words. Who says reading a internet thread is impossible. Guessing college is not in your future. More like port a potty cleaner. Don't think that requires to much reading to master. What happened to members not being able to wait for the next page in whatever thread. Wanting to try out the next new idea. See who was the next to quit their job and trade full time. If reading 800 pages is to hard for the ability to make millions of dollars yearly/monthly/weekly. Fine by me. One less trader trying to steal part of my fill.


Rereading every trading book/thread/article is what has taken my trading to insane levels. Its crazy to read something from years ago and it improves what your currently doing. This literally just happened to me for MM and trade setups. Should increase my profits by stupid amounts.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Fri Oct 07, 2016 2:39 pm

GBPUSDH1.png
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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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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Fri Oct 07, 2016 2:41 pm

vjjokhnr1 wrote:Hi guys,

can someone please summarize in one post whats going on here? It seems lot has changed but its really impossible to read all 802 pages of stuff. thanks





ALL YOU NEED TO KNOW ABOUT TRADING

* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.

Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)

You cannot control the probabilities of wining or losing.

You cannot control your average win size.

The only part of the equation that you can control is your average loss size.

PRICE ACTION


“Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame .

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden

1) Price will either breakout of the high, low or both of the previous bar

2) Price will not breakout of the previous bar.

You cannot reduce it any further. Anything else complicates the issue.

ENTERING A TRADE

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

That is all you need to know about trading.

==================================

Some of the other traders are bothered by what they perceive as laziness.
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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Re: Never Lose Again

Postby TheRumpledOne » Fri Oct 07, 2016 2:42 pm

GBPUSDH1.png
GBPUSDH1.png (87.41 KiB) Viewed 965 times
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.

vjjokhnr1
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Re: Never Lose Again

Postby vjjokhnr1 » Fri Oct 07, 2016 4:21 pm

v8power wrote:
vjjokhnr1 wrote:Hi guys,

can someone please summarize in one post whats going on here? It seems lot has changed but its really impossible to read all 802 pages of stuff. thanks


I've read it at least a dozen times. If reading 800 pages is impossible, just quit trading now.


Honestly I dont care what you think :)... I just asked if someone can put some usefull info together so plese dont reply if you dont have valuable info.


Thanks TRO for your reply 8)

v8power
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Re: Never Lose Again

Postby v8power » Fri Oct 07, 2016 4:29 pm

vjjokhnr1 wrote:
v8power wrote:
vjjokhnr1 wrote:Hi guys,

can someone please summarize in one post whats going on here? It seems lot has changed but its really impossible to read all 802 pages of stuff. thanks


I've read it at least a dozen times. If reading 800 pages is impossible, just quit trading now.


Honestly I dont care what you think :)... I just asked if someone can put some usefull info together so plese dont reply if you dont have valuable info.


Thanks TRO for your reply 8)


Why don't you just have someone trade for you to. That way you can do nothing.

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Re: Never Lose Again

Postby vjjokhnr1 » Fri Oct 07, 2016 4:36 pm

v8power wrote:
vjjokhnr1 wrote:
v8power wrote:
I've read it at least a dozen times. If reading 800 pages is impossible, just quit trading now.


Honestly I dont care what you think :)... I just asked if someone can put some usefull info together so plese dont reply if you dont have valuable info.


Thanks TRO for your reply 8)


Why don't you just have someone trade for you to. That way you can do nothing.


Man..It was just I polite request, dont make a big deal out of it...
I like to work smart and not hard, anyway when theres no onther way I can put myself into it and work hard. I dont want to argue with you because its a waste of time for both of us and this thread should be related to trading so this will be my last reply to you bye.

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TheRumpledOne
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Re: Never Lose Again

Postby TheRumpledOne » Mon Oct 10, 2016 4:53 pm

GBPUSDH1.png
GBPUSDH1.png (86.53 KiB) Viewed 886 times


USDJPYH1.png
USDJPYH1.png (75.37 KiB) Viewed 886 times
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


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