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Manipulation of others
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Created: by Yuri57 Attachments:0

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Manipulation of others

  #21 (permalink)
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Turveyd View Post
Following, sounds easy, but market especially Forex, just stops and reverses, yes there are moves that work well, but there are a 100nd entries which look the same daily which go no where and hit your SL waiting for that big move, which you miss as you've taken to many losses.

Upon realising above, I created a mainly range / chop system and incorporated a trend factor, works great, so simple but took 8years to get there, but needed the experience as well to trade it well I guess.

That's great if you have a working system!

Big moves are outliers therefore are low probability trades. You can still have decent risk-to-reward in just regular moves which happen all the time

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  #22 (permalink)
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rleplae View Post
appreciate your feedback
can you put a bullet in my plan ?
what do you think about it ?

Looks like you have your frame-work which is essential. Only you will know (by testing) what are the strong and weak points of your system. The more you trade, the more you will know how to tweak it and take or not take the signals it creates. Or if you need different signals in different market conditions.

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  #23 (permalink)
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I have some further thoughts on the original topic.

There are 2 kind of manipulators: the concious and the unconcious. Those who manipulate others for their own goal (even if that's the enjoyment of control) and others who are doing it for no purpose.

The main difference is: the concious manipulator will put thoughts into your head (or at least will try to) by passing your concious mind by using a lot of methafores and unclear terms. While the unconcious manipulator will do the same thing (methafores, unclear terms) BUT they are subject of their own manipulation since they lack the conciousness of reality. This is how people actually fool THEMSELFS.

I find this very fun to understand.

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  #24 (permalink)
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rleplae View Post
Hello

100$ is really a no brainer ...
i bought 3000$ indicators

the @Big Mike forum brought me a lot more value and useful indicators
not to mention the trade system of @JDNeeman
with numerous trade examples of @masood
some practical tips from @bobwest that boosted my psychological confidence
and many help from @Fattails and @TheWizard and people I forget to give credit

the seminars organized by @Big Mike

100$ is really a no brainer
i don't want to be rude, but if this 100$ (for elite membership) is too much, stop trading...
wrong activity...

Look at my trade journal from last week, with minimal capital i generated +200 ticks
not due to the commercial tools, but the free tools and mentoring on BigMikeTrading.com


The trading is doing okay, it's the useless business with serious cash flow shortages which needs getting rid of, not willing to take money out of the account at this stage, cause it creates a must make it back reaction which generally goes badly!

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  #25 (permalink)
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Yuri57 View Post
Be thankful that you could get rid of her and not having a marriage / kids with her.

Now she is not part of your life so she has no affect on it... therefore she has NO IMPORTANCE whatsoever!

Free your mind dude, there are sh'tload of woman out there

Bagged quite a few since, but sadly still can't get this 1 out of my brain!!

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  #26 (permalink)
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Turveyd View Post
The trading is doing okay, it's the useless business with serious cash flow shortages which needs getting rid of, not willing to take money out of the account at this stage, cause it creates a must make it back reaction which generally goes badly!

Taking cash from your trading account is not a bad habit; it is a lot safer at your checkings account afterall


Turveyd View Post
Bagged quite a few since, but sadly still can't get this 1 out of my brain!!

Well, as they say time heals every wound.... just got rid of everything that reminds you of her.

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  #27 (permalink)
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Yuri57 View Post
Taking cash from your trading account is not a bad habit; it is a lot safer at your checkings account afterall



Well, as they say time heals every wound.... just got rid of everything that reminds you of her.

it is said (and written in many books),
90% of traders loose money and eventually quit the activity

i would be interested to know what a consistently profitable trader can make (full time)
what is a good result ?
i see people mentioning 10% per annum as good
i am not happy with 10%, because it takes a lot of time, effort and energy to trade
so 10% on my capital is not enough, then i can go back to IT and make a product
10% on capital in IT doing product and licenses is not good, you can make much more

i am not looking for the very best results, but what is the low end result that the
5% of traders are able to generate ?

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  #28 (permalink)
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Yuri57 View Post
Taking cash from your trading account is not a bad habit; it is a lot safer at your checkings account afterall



Well, as they say time heals every wound.... just got rid of everything that reminds you of her.


I've blown account, trading stupid due to a over spend from a good stock account years ago, don't want a repeat really.

Like to get to 20K then take 10K out and basically keep repeating, move the 10K to 15K, withdraw at 30K and so on and so forth.

Ofcourse, going to have to borrow into it if none of my clients pay me end of the month which is looking likely!



Normally I get to say, hey had that who cares, move on, can't even say I kissed it, holding hands doesn't cut it really, this bringing back memories of back when we where 8 at school holding hands but that's it with our girlfriends, yep it's that sad!!


Last edited by Turveyd; July 27th, 2014 at 02:37 PM.
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  #29 (permalink)
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rleplae View Post
it is said (and written in many books),
90% of traders loose money and eventually quit the activity

i would be interested to know what a consistently profitable trader can make (full time)
what is a good result ?
i see people mentioning 10% per annum as good
i am not happy with 10%, because it takes a lot of time, effort and energy to trade
so 10% on my capital is not enough, then i can go back to IT and make a product
10% on capital in IT doing product and licenses is not good, you can make much more

i am not looking for the very best results, but what is the low end result that the
5% of traders are able to generate ?


Best not to think in percentages. yes a good trader trading a 2Mil $ account might only make 10%, but it's cause he's happy with $200K.

Someone with a 7K account ( me ), 10% = $700 okay part time so 500hours per year so $1.40 per hour, worthless to me.

I'm up approx 15% this month and barely traded, I could easily trade 4x's more, if not 10 ( I'm LAZY ).

My AVERAGE Loss, ( not my initial SL safety net ) is approx 1.5% on position 1 and 1.2% on position 2 ( If I take a 2), so all in 2.7%, which is acceptable. SL is about 4% with both positions.

Will I trade this level of risk with 20K, very close to, with 2Mil HELL NO!!!


So basically it all depends on YOU, if you can crack it consistently then ofcourse how good your method is.


Most people FAIL!!

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  #30 (permalink)
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rleplae View Post
it is said (and written in many books),
90% of traders loose money and eventually quit the activity

i would be interested to know what a consistently profitable trader can make (full time)
what is a good result ?
i see people mentioning 10% per annum as good
i am not happy with 10%, because it takes a lot of time, effort and energy to trade
so 10% on my capital is not enough, then i can go back to IT and make a product
10% on capital in IT doing product and licenses is not good, you can make much more

i am not looking for the very best results, but what is the low end result that the
5% of traders are able to generate ?

Well, just do the math:

How much money you make = win/loss ratio x risk/reward ratio x number of trades x risk per trade.

The first two depend on how good you trade or your system.
The third is a factor of your time-frame (and method).
Risk tolerance is a factor of your account size and maximal drawdown thereshold. Your drawdown probabilites are a factor of your win/loss ratio, risk/reward ratio AND consistency.

Basically the more consistent you are, the more money you can risk until you hit the mathematical cealing.

And as someone else said in an other forum: the 5% who are making money consistently are mostly professionals, with HUGE accounts, meaning the actual number of winning traders is much less

So with the attitude "just get by" it won't be engouh to beat the competition.


10% is not worth working for. You can have passive income with 10% yield.

What is worth for you can be compared to your value of time.

Let's assume you only risk as much for the week as you can earn (with a dayjob). If you double that amount, you had no leverage on your time. If you made more, you are saving time essentially for yourself. Be aware that you leverage your time too much (risk a lot more than you can make in the same amount of time) you put yourself to a lot of stress. This is why it is much better to trade other people's money.

edit: and if you have passive income which is (more than) enough to support your lifestyle; than money can't buy you.


Last edited by Yuri57; July 27th, 2014 at 03:30 PM.
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