Thread: if 99% fail why not reverse what we trade

Originally Posted by ;

Yes you're right Marv about the 99% I pulled it out of the atmosphere,its probably more like 99.9%

99.618 percent! Don't neglect to randomly add some fibonacci inside there.

Tedge uk, you are partly right the 95% that fail are mere statistics who just trade just like the rest of the failures. You're able to win many occasions but shed once and your lifeless. Trade like you state ie do exactly the opposite, has some merit but alas you get wiped out eventually. Funny thing is how I trade is something about the lines of what you imply and I live on which I make for the past 6 or 7 years.

The OP has an idea about what is necessary to develop into profitable but is he prepared for the reality?

Imagine if you're told that you will need to throw out almost all you've been taught as safe trading practices in order to become profitable, will you even listen?

Personally, I have found that stop reduction, risk reward, trend trading, tracking stop, traditional money management, allowing profit run while cutting losses short, etc, are all fair. However they create losing results.

Of course 95 percent of reasonableness here won't agree with me. But will you even listen, speak less of assessing it out?

King.

Originally Posted by ;

99.618%! Don't neglect to randomly add a few fibonacci in there.

lol!

Originally Posted by ;

The OP has an idea about what it takes to develop into profitable but is he ready for the reality?

Imagine if you're told that you need to throw out almost all you have been taught as safe trading methods in order to become profitable, will you even listen?

Personally, I have found that stop loss, risk reward, trend trading, trailing stop, traditional money management, allowing profit run while cutting losses short, etc, are all fair. However they create losing outcomes.

Of course 95 percent of reasonableness here won't agree with me. But will you...

I am ready to hear?

Imo Once you're able to do the exact opposite of what you're doing you'll be profitable since you will not be doing the exact same stupid shit you're performing in the first place. The solution is that it requires training and time to do that.

Originally Posted by ;

I KNOW THIS SOUNDS CRAZY STUPID BUT WHY DO SO MANY OF US FAIL IN TRADING WHEN ALL WE HAVE TO DO IS DO THE OPPOSITE TO WHAT WE ARE DOING.The only thing that's preventing us from becoming profitable is greed and fear,crack this and regardless of what platform, we should be be in profit CONSISTENTLY?

So whats your thoughts guys,I believe reverse plogy plays a BIG part in trading

One things for sure that the masses drop money in gambling. And the couple that do become successful will tell you they've blown several acounts along the way. So what are these successful traders doing? Well the contrary to what the masses are doing! But throw in years of screen time and studying what the successful are doing. There are some trading analytics on this forum that work definitely but it's down to the trader then to work the egy. and self disciplne are key to becoming successful!

Originally Posted by ;

One things for sure the masses lose money in trading. And the couple that do become successful will tell you they've blown several acounts on the way. What exactly are these successful traders performing? Well the opposite to what the masses do! But throw in years of screen time and analyzing what the successful do. There are a few trading stats on this forum that work undoubtedly but it's down to the trader then to work the egy. and self disciplne are key to becoming successful!

Seems like you know your stuff Richy

You have nailed it!

After a chance viewing of this episode; I chose to apply the concept to trading. It worked. I am a millionaire. I have a mansion....and a yacht!

Regards,
Elmer F

Originally Posted by ;

a what ????

eh?