Thinking of giving up trading - page 2

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veporns:
Don't mention discipline man I forgot to place stop loss today on GBPJPY. Luckily I bought so the trade is in profit, otherwise I was going to pay.
There are trade manager advisors that establish a stop loss on a new trade, and also maintain a trailing stop. So even if you forget to set a stop loss it will be instantly fixed by the EA.
 
Me too, I've been studying for years to find a good strategy. This year I made many tests from January, and from May I started to test on demo. Everything seemed to go well since in 2 months of forward test in demo the ea earned and it was working as expected. Then I put it on a real account with an ecn broker. I lost my money. And I discovered that volatility and real liquidity can change a lot your performance if you are scalping...The real world trading is harder than what I expected...
 
How do I make sure I get the profit from all my trading's?
 
I will tell you the truth, there is no such thing as a profitable forex trading strategy. It doesn't matter if you have 'patience' or 'discipline' or 'sl' or 'tp' or even no sl or let your profits run or ' follow the trend' or ' need to learn a lot'. No offence to anyone. It is like trying to predict if you will get stopped by a traffic light, it is random, although the traffic light would be easier if you had knowledge about it. Therefore, test strategies in the strategy tester, and trade things that are less random, such as stocks which have historical strong uptrend for example apple, and only use the buy side. 
 
veporns:

One week making $1000 and following week all is gone, I think I'll got back to selling kfc :-), at least my profit share will always be paid unlike forex. 

Im interested in knowing which tools do you have? is it Fib. ,EW, S&R, indicators, is it long term or short term, day trading or scalping?


Even rules can be useless or useful, depends on which rules

 
Brian Rumbles:
I will tell you the truth, there is no such thing as a profitable forex trading strategy. It doesn't matter if you have 'patience' or 'discipline' or 'sl' or 'tp' or even no sl or let your profits run or ' follow the trend' or ' need to learn a lot'. No offence to anyone. It is like trying to predict if you will get stopped by a traffic light, it is random, although the traffic light would be easier if you had knowledge about it. Therefore, test strategies in the strategy tester, and trade things that are less random, such as stocks which have historical strong uptrend for example apple, and only use the buy side. 

This is your personal opinion Brian.

If you follow a strict plan and good money management, there are strategies that can be profitable in the long term.

Profitable doesn't mean that you will always win, but that you will win more than you lose.

This doesn't apply to forex only, but in all forms of investment.

 
trade things that are less random, such as stocks which have historical strong uptrend for example apple, and only use the buy side. 

Hi Brian,

Only partly agree.. Of course, stock markets have a long term upwards tendency, but don't forget about the "survivorship bias" phenomenom. For all those stocks in an uptrending index, there are other stocks that are long dead after bankruptcy, so indices tell only half of the truth (if you don't buy the index itself).

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