QUOTE(sleepwalker @ Jan 4 2024, 09:45 PM)
13 wins against 3 losses. With that type of win rate I thought you'd be in for larger profits. The emotion monster is tough to tame?
Nolah. I am scalperThe popit shown it almost 9 months.
Investment Forex Version 21, Foreign Exchange Market Discussion
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Jan 4 2024, 09:49 PM
Show posts by this member only | IPv6 | Post
#1881
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All Stars
14,363 posts Joined: Oct 2004 |
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Jan 4 2024, 10:00 PM
Show posts by this member only | IPv6 | Post
#1882
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Staff
5,517 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(jack2 @ Jan 4 2024, 09:49 PM) I can see that. I don't see any TP and SL on your trades which means you are trading like those youtube live traders where they scalp trades with 200-300 pip stop loss (might as well not have one) for a profit of 10 pips and they maintain a very nice Win Loss ratio because they can hold very deep drawdowns until the trades reverses. |
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Jan 4 2024, 10:15 PM
Show posts by this member only | IPv6 | Post
#1883
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All Stars
14,363 posts Joined: Oct 2004 |
QUOTE(sleepwalker @ Jan 4 2024, 10:00 PM) I can see that. I don't see any TP and SL on your trades which means you are trading like those youtube live traders where they scalp trades with 200-300 pip stop loss (might as well not have one) for a profit of 10 pips and they maintain a very nice Win Loss ratio because they can hold very deep drawdowns until the trades reverses. Ya but I didn't study chart. I just wait sudden go to moon or water fall. |
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Jan 5 2024, 09:30 PM
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#1884
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Staff
5,517 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(jack2 @ Jan 4 2024, 10:15 PM) I just realised in your post above you won USD19 (didn't count cents as that is not shown) while you lost USD 18 (I assume those were scalps gone wrong as they were left open for weeks hoping for a reversal). |
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Jan 5 2024, 10:02 PM
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#1885
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All Stars
14,363 posts Joined: Oct 2004 |
QUOTE(sleepwalker @ Jan 5 2024, 09:30 PM) I just realised in your post above you won USD19 (didn't count cents as that is not shown) while you lost USD 18 (I assume those were scalps gone wrong as they were left open for weeks hoping for a reversal). yes, SOL pair.. I shorted it..I aim for total growth This post has been edited by jack2: Jan 5 2024, 10:02 PM |
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Jan 6 2024, 02:27 AM
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#1886
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Newbie
8 posts Joined: Jan 2012 |
QUOTE(glamoroussoul @ Aug 11 2023, 12:50 AM) To all the sifus here, I have quite a lot of free time and would like to learn how to trade forex. Anyone can enlighten me if this is doable via self learning? Saw many ppl follow guru or a team and I’m quite skeptical about that. You have to self-learn eventually... There is no one that can replace that... Trading is like driving a car...Can I make you a safe driver despite you knowing how to use the seatbelt, accelerator, steering wheel, brakes, as well as the gear box? What even defines 'safe driving' to you? How close must your car be to another and at what speed is good for you? What road condition should be avoided when you plan your route?... You'd be surprised how common analogies are that can be related to any forms of spot market trading... People tend to overthink how trading is... In truth is that you will have to lead yourself... You may know the basics... People may have shared about it before... But like any other traits in life, you must take charge at the driver's seat to be a good driver... Since this is my first post considering that I have this account since 2012, here is another token of wisdom to share... Profit / loss don't matter... Win / lose ratio don't matter... What Tom, Dick, and Harry says also don't matter... What matters is you operating the system primarily, your ability to learn from experience, and how well you learn from others... Your focus must be on your execution / process... Like your focus being to be a safe driver... People's win/lose ratio does not matter because their system differs... As a trader, and as a driver, you must focus on the process... Ultimately, your guru may be profitable.... Like he / she is driving a car safe and sound.... But you cannot blame your guru for your failures and responsibilities... You will be grounded to absolute ownership that is needed and that there is no one else to blame... This post has been edited by Hastebreak: Jan 6 2024, 02:34 AM |
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Jan 13 2024, 10:29 PM
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#1887
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Junior Member
27 posts Joined: Feb 2022 |
hi guys...divert a bit topic...any solid copytrade platform around?
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Jan 14 2024, 03:55 PM
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#1888
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All Stars
14,363 posts Joined: Oct 2004 |
QUOTE(tonewow @ Jan 13 2024, 10:29 PM) copytrade can't sustain tonewow liked this post
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Jan 20 2024, 05:10 PM
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#1889
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Junior Member
615 posts Joined: Jul 2009 |
Anyone here is a full time trader ?
Someone try to inspire me daily earning USD 100 from EURUSD trading which is not difficult. Can someone comment on this? USD 100 x 5 days x 4 weeks = USD 2000 x 4.6 = RM 9,200 per month. |
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Jan 20 2024, 05:20 PM
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#1890
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Staff
5,517 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(invest2229 @ Jan 20 2024, 05:10 PM) Anyone here is a full time trader ? So did your friend tell you how much capital did they have to do the USD100 per day? The keyword here is how much capital do you have to trade? Trading is like a business. You need capital to do the business. The difference is like a Ramly Burger stall owner vs Franchise holder for McD Malaysia. To get USD100 per day is easy when you have a USD100k funded account. I mean that's only 0.1% per day. If you only have a USD100 account, that is trying to do 100% per day.Someone try to inspire me daily earning USD 100 from EURUSD trading which is not difficult. Can someone comment on this? USD 100 x 5 days x 4 weeks = USD 2000 x 4.6 = RM 9,200 per month. Hastebreak liked this post
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Jan 20 2024, 05:35 PM
Show posts by this member only | IPv6 | Post
#1891
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All Stars
14,363 posts Joined: Oct 2004 |
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Jan 20 2024, 06:45 PM
Show posts by this member only | IPv6 | Post
#1892
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Junior Member
615 posts Joined: Jul 2009 |
QUOTE(sleepwalker @ Jan 20 2024, 05:20 PM) So did your friend tell you how much capital did they have to do the USD100 per day? The keyword here is how much capital do you have to trade? Trading is like a business. You need capital to do the business. The difference is like a Ramly Burger stall owner vs Franchise holder for McD Malaysia. To get USD100 per day is easy when you have a USD100k funded account. I mean that's only 0.1% per day. If you only have a USD100 account, that is trying to do 100% per day. 100% is per day is not possible.Not sure if capital with USD 100k. Let assume start with capital at USD 10k. Every bid at USD 1k @ 2% profit @ USD 20.. if within a day and hit 3 bids then can make USD 60. This profit make sense ? |
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Jan 20 2024, 07:31 PM
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#1893
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Staff
5,517 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(invest2229 @ Jan 20 2024, 06:45 PM) 100% is per day is not possible. Also assuming that your risk is same @ 2% with a 50/50 chance (tembak chance) that you can also lose within the same timeframe. That is also a USD60 lost per day. Forex is the same as stock market. You buy and sell the currency instead of shares. How much you can make per day depends on how much you are willing to risk per transaction.Not sure if capital with USD 100k. Let assume start with capital at USD 10k. Every bid at USD 1k @ 2% profit @ USD 20.. if within a day and hit 3 bids then can make USD 60. This profit make sense ? Hastebreak liked this post
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Jan 20 2024, 08:44 PM
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Junior Member
615 posts Joined: Jul 2009 |
QUOTE(sleepwalker @ Jan 20 2024, 07:31 PM) Also assuming that your risk is same @ 2% with a 50/50 chance (tembak chance) that you can also lose within the same timeframe. That is also a USD60 lost per day. Forex is the same as stock market. You buy and sell the currency instead of shares. How much you can make per day depends on how much you are willing to risk per transaction. The key of winning and success rate is skill and luck. Anyone know who is sifu in Malaysia has this talent and hope they have open class for student. |
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Jan 20 2024, 09:09 PM
Show posts by this member only | IPv6 | Post
#1895
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Staff
5,517 posts Joined: Jan 2003 From: the lack of sleep |
QUOTE(invest2229 @ Jan 20 2024, 08:44 PM) The key of winning and success rate is skill and luck. Anyone know who is sifu in Malaysia has this talent and hope they have open class for student. There are thousands of hours of videos on youtube and countless amount of information on the web. All you need to do is just sort out the fake gurus from the real ones (if you can't do that, then trading is not for you). I've been doing this for 15 years now and the fundamentals of trading hasn't changed a bit and repeated to hell for those willing to learn. It's like picking up a fluid dynamics textbook from the 1960s and the fundamentals are still the same today. |
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Jan 20 2024, 09:58 PM
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Junior Member
615 posts Joined: Jul 2009 |
QUOTE(sleepwalker @ Jan 20 2024, 09:09 PM) There are thousands of hours of videos on youtube and countless amount of information on the web. All you need to do is just sort out the fake gurus from the real ones (if you can't do that, then trading is not for you). I've been doing this for 15 years now and the fundamentals of trading hasn't changed a bit and repeated to hell for those willing to learn. It's like picking up a fluid dynamics textbook from the 1960s and the fundamentals are still the same today. Look like the sifu is closed by.. haha. PM to share more and i intent to hire sifu for guidance. Now the day with Ai robot and believe this tool is helpful. Agreed? |
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Jan 20 2024, 09:59 PM
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Junior Member
615 posts Joined: Jul 2009 |
QUOTE(sleepwalker @ Jan 20 2024, 09:09 PM) There are thousands of hours of videos on youtube and countless amount of information on the web. All you need to do is just sort out the fake gurus from the real ones (if you can't do that, then trading is not for you). I've been doing this for 15 years now and the fundamentals of trading hasn't changed a bit and repeated to hell for those willing to learn. It's like picking up a fluid dynamics textbook from the 1960s and the fundamentals are still the same today. Look like the sifu is closed by.. haha. PM to share more and i intent to hire sifu for guidance. Now the day with Ai robot and believe this tool is helpful. Agreed? |
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Feb 3 2024, 01:12 PM
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All Stars
14,363 posts Joined: Oct 2004 |
Weekend liao... so boring no forex but only crypto
marilah discuss about forex markets |
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