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jsnstocks
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$25 dollars (FXCM) 33 days ago and now it at stands at $8567. wow,thats pretty amazing,blows me outa the water.neat number to 8-(567). I agree,i just follow the price aswell,fundementals,,pff,just noise.
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95% of Traders Lose: Is this Stat Misleading?
jsnstocks replied to GCB's topic in Trading Psychology
In my own opinion,doesnt matter what it is,,trading or most things in general,95% people dont do there research,then when there expectations dont meet they change to something else. Also what i have notice thruout many forums i see most people think only trade trade trade,not moneymanagement or portfolio selection. As a example i recently payed for a system that truly does win 95% of the time,,i simple used its data points of entry and exits then i put it into excel to optimize MM with portfolio i selected.because im using this system over many stock markets max risk is no more than 0.2% using a volatilty adjust,my point is,with this system runing over 0.2% the equity curve started to fall off,but runnning on only 6 markets 2 being only correlated i could risk up to 5%. U just have to stay in the game. -
I admire your work Rumpledone,i have just begun and i am cleaning up all ready,this is what i have learnt. 1)What i have learnt is ,love my losses as its closer to my next win. 2)Enterys to find a trend is not that important,but the exit is. 3)Monemanagement is the most important key,no matter how well my win/loss Ratio is. 4)stick with a stradegy and dont change it and i found trading a few at the same time seems to give me a higher MAR,well so far. 5) all of this has lead me to believe that automation is by far the best way to go and to back test my ideas and not trade to many correlated markets at once,i am trading 4 different time frames descretionairy using time frames as my filters that has making me over 400% a mth 6)Diversification is great, i have just bought a system that has been winning 95% of the time,i do see alot of people go against this,i intend to get sum more and spread my cash wisely. Rumpledone,i notice all of your indicators are not auto,why is this? Wouldnt it be better to take away human errors?
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Introduce Yourself Here - Don't Be Shy!!
jsnstocks replied to trading4life's topic in Beginners Forum
Im new here so id just like to say hi and look forward to learning the trading game and sharing my ideas,im sure this will be a great journey as it has already has been a great start,so see use around.:missy: Jason