If it's so easy to loose money, why don't you reverse your trades ? - Psychology and Money Management | futures io social day trading
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If it's so easy to loose money, why don't you reverse your trades ?
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If it's so easy to loose money, why don't you reverse your trades ?

  #1 (permalink)
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If it's so easy to loose money, why don't you reverse your trades ?

I blew up a few accounts.

Statisticly, new traders and retail traders are unprofitable. 95% chance of being unprofitable.

I would like to introduce the metaltrade's 95% profitable probability trading system :

You just keep on trading like you are now, meaning you loose money, and you program software that your orders are just reversed: if you enter a long, you will in reality enter a short, and when you enter a short, you will in reality enter a long.

There you have it, you have 95% chance of being profitable and making money.

You could even find a way to get new traders trade for you, without telling them that their trades are being reversed, result, they think they will loose money but because you reverse their orders they will win money. Once they become profitable you kick them out and bring new unprofitable traders in.

Why won't this work ? Why isn't this the holy grail ? Or is it ?....

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  #3 (permalink)
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That only works in Bizarro World (also known as Htrae). I tried it here on Earth, and somehow Mr. Market could sense what I was doing, and adjusted accordingly. It just goes to show you- you can't fool Mother Nature and you can't fool Mr. Market.

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  #4 (permalink)
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You lose money due to inexperience and psychological problems, trading scared money, not following your plan, overtrading, poor money management, poor risk management, etc etc etc. Not because you went long instead of short.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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  #5 (permalink)
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ok here you go. I've studied reverse entries before just out of curiosity and concluded it was just as unprofitable and the unprofitable plan I was evaluating. Well, I put that aside and went on about my business of trying to develop my own plan. This was several years ago.

I write a lot of code and was working on a strategy not long ago. I was relatively early in development and the backtesting results were horrble. I remembered my previous attempt to study reverse entries and figured this time I could actuallly code these reverse entries and see how they really perform. Funny thing is that I was successful in writing the reverse entry strategy and guess what ... it didn't work. It was just as horrible as the right way entry.

Just thought I'd mention that. Knowing me, I'll probably try this again sometime when I get bored.

Mike W.

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  #6 (permalink)
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MetalTrade View Post
I blew up a few accounts.

Statisticly, new traders and retail traders are unprofitable. 95% chance of being unprofitable.

I would like to introduce the metaltrade's 95% profitable probability trading system :

You just keep on trading like you are now, meaning you loose money, and you program software that your orders are just reversed: if you enter a long, you will in reality enter a short, and when you enter a short, you will in reality enter a long.

There you have it, you have 95% chance of being profitable and making money.

You could even find a way to get new traders trade for you, without telling them that their trades are being reversed, result, they think they will loose money but because you reverse their orders they will win money. Once they become profitable you kick them out and bring new unprofitable traders in.

Why won't this work ? Why isn't this the holy grail ? Or is it ?....

This is a question that arises many people, I try to explain why it doesn't work.
Indeed is quite simple.
Let me start telling that design a system or method that is losing is difficoult like one that make money.
Why? Statistically, on long term and a enough big pocket, to make a lot of trades, a random system/method will produce a break even result, it's like flip a coin, this without consider commission, spread, tax..etc.
On a short term and with a small pocket and few 'launches' the probability to win or lose would be the same, but due to commission, tax, etc, the probability to lose is bigger. So u can make money with few trades and then lose all.
If u invert the the side of trade u will have the same results, cos most likely your trading has not an edge and is random.

Take your Pips, go out and Live.
Luke.
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  #7 (permalink)
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MetalTrade View Post
I blew up a few accounts.

Statisticly, new traders and retail traders are unprofitable. 95% chance of being unprofitable.

I would like to introduce the metaltrade's 95% profitable probability trading system :

You just keep on trading like you are now, meaning you loose money, and you program software that your orders are just reversed: if you enter a long, you will in reality enter a short, and when you enter a short, you will in reality enter a long.

There you have it, you have 95% chance of being profitable and making money.

You could even find a way to get new traders trade for you, without telling them that their trades are being reversed, result, they think they will loose money but because you reverse their orders they will win money. Once they become profitable you kick them out and bring new unprofitable traders in.

Why won't this work ? Why isn't this the holy grail ? Or is it ?....

Maybe it would work . Perhaps if you did formulate rules and carried them out the same way every time an opportunity arose you could develop an edge . I think its the consistency factor that dooms a lot of those 95% . Its not easy to carry out a plan the same way every trade for a long long length of time to even begin to measure if your regime is valid .

I had a thread last year where I got a bias from my kids attitudes in the morning before school , bad attitude short ES at the open , good attitude long ES at the open and exit at the closing bell with no stop . At risk was an average days range. I dont want to encourage newbies to trade like this so I snuffed the thread but it was profitable ( in Sim ) over the course of a couple months . It was traded the same way every day and was the same as flipping a coin and for all I know it might be in a deep abyss of a hole by now because I stopped pursuing it . For all I know THAT might even be the holy grail Hmmmmm .

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  #8 (permalink)
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Eric j View Post
I had a thread last year where I got a bias from my kids attitudes in the morning before school , bad attitude short ES at the open , good attitude long ES at the open and exit at the closing bell with no stop .

For those curious, here is the link to that thread:

https://futures.io/journals-daily-charts-chart-reading/1234-teenage-attitude-method.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #9 (permalink)
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Moon Method


Eric j View Post
Maybe it would work . Perhaps if you did formulate rules and carried them out the same way every time an opportunity arose you could develop an edge . I think its the consistency factor that dooms a lot of those 95% . Its not easy to carry out a plan the same way every trade for a long long length of time to even begin to measure if your regime is valid .

I had a thread last year where I got a bias from my kids attitudes in the morning before school , bad attitude short ES at the open , good attitude long ES at the open and exit at the closing bell with no stop . At risk was an average days range. I dont want to encourage newbies to trade like this so I snuffed the thread but it was profitable ( in Sim ) over the course of a couple months . It was traded the same way every day and was the same as flipping a coin and for all I know it might be in a deep abyss of a hole by now because I stopped pursuing it . For all I know THAT might even be the holy grail Hmmmmm .

Trading is affected by tennager attitude
Teenagers are full of hormones and affects their attitudes
Hormone balance can be affected by moon [[Moon affect water balance (earth tides, hormone levels)]]

Ergo trades are affected by moon



Jon

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Trader.Jon View Post
Trading is affected by tennager attitude
Teenagers are full of hormones and affects their attitudes
Hormone balance can be affected by moon [[Moon affect water balance (earth tides, hormone levels)]]

Ergo trades are affected by moon



Jon

Correct . I worked in retail for a long time and dealt directly with the consumer every day in all phases of the moon , weather , geopolitical news and media driven social atmospheres . For certain peoples attitudes about their well being changed during full moon phase ( Im not shitting you ) and really changed when they watched the news . I know this because in a service industry like mine people open up to you . So if the general publics attitude is swayed by these conditions then those in the market feel a similar effect and trade accordingly . That is the traders are under the same duress and emotions are affecting their decisions .

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