how to maximize profit without TP and SL? - Page 3
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Thread: how to maximize profit without TP and SL?

  1. #21
    Quote Originally Posted by ;
    quote Not certain that I understand your query. Certainly every person trader's knowledge and expertise differs. Or do you mean something different?
    You did not know because my english is awful, def not your fault, anyway...
    the market has many players inside, I guess most of them are trading in companies, and when I read right, those companies have more info about the market than the individual trader may get. I don't know the details so I can't tell, but I read it someplace. . .Also spread and commission are better for the companies, so the person trader is fighting and uphill battle.
    In order to invent a fantastic egy you have to realize what it is you are doing, so you ought to have more info than other traders (since this is a zero sum game), so if companies have an informational advantage, what is your advantage?

  2. #22
    Quote Originally Posted by ;
    quote You didn't understand since my english is awful, def not your fault, anyway... the market has lots of players in it, I guess most of them are trading at firms, and when I read right, these firms have more advice about the market than the individual trader could get. I really don't know the facts so I can not tell, but I read it somewhere. . .Also spread and commission are better for the firms, so the person trader is fighting and stern battle. In order to devise a good egy you need to realize what it is you are doing, so you ought to have more...
    Hi 4star,
    And welcome to FF. I read your other articles and for some reason they remind me 3 years ago. I just do not want you wasting years searching for the Holy Grail of Information, it is an entire road to misery. Accept the fact that you are not more intelligent, we do not have access to World Banks or Hedge Funds. The thing we all have are the charts.

    Our advantage is Probability. Does a casino have to understand WHY a 7 is more likely to take place? Or will they make money because it will? The casino is not gambling, it knows it is going to win more times than it loses. That's us.

    I'm not going to provide you all the answers. Chart time is essential. Open a demo account, see the charts for a year, and find out WHAT they perform, not WHY they do it.

    I hope that this helps,
    FS

  3. #23
    Quote Originally Posted by ;
    quote Hi 4star, And welcome to FF. I read your other articles and also for some reason they remind me of myself 3 decades ago. I simply don't want you wasting years searching for the Holy Grail of Information, it is a complete road to distress. Accept the fact that you're not more intelligent, we don't have access to World Banks or Hedge Funds. Are the charts. Our advantage is Probability. Does a casino NEED to understand WHY a 7 is more likely to happen? Or will they make money just because it does? The casino is not gambling, it knows it will win...
    ty for your time, as a newbie I have plenty of query to be answered...
    I posted the big ones ...
    https://www.nigeriaforextrading.com/...dom-calls.html

    anyway...
    If screentime is what is needed for an effective trader, it doesn't clarify why egy cease to work... if you're watching the chart over and over again you'd understand some patterns, that's certain, but what does guarantee you that what you saw in the chart is a trusted pattern? Maybe a year that pattern that you recognize as profitable was just luck...
    I don't know if I am explaning myself correctly... but IMO, you should have something more than screentime... too, if only screentime is needed, you can simply code an EA once you discovered a pattern, then you will become millionarie in a Couple of Years, obv that's not likely to occur...
    Certainly my thought Procedure is wrong, so plz correct me

  4. #24
    Quote Originally Posted by ;
    quote Not certain that I understand your query. Certainly every individual trader's knowledge and expertise is different. Or do you mean something different?
    Thanks for reacting to Hanover's question, I had to admit I was going to post another clarifiion query..either manner, yes, large firms, the big guys do have access to better information, premium news feeds and the like. As a Personal spot trader, we're left to grunge the trading ground to get scraps..but we can gain access to the same info, a tad later..and as for having the ability to trade profitably, it depends on how we use this advice. .

  5. #25
    Although I prefer to believe I Maximize profit, I really don't focus on it too much, I take what I receive. Say I create 50 pips on a trade that I was 80% sure about, but it'could' rise another 30 pips, but I am 40% convinced, I will just take my 50 pip profit and move onto a different trade. Trade setups happen over and over again, so why raise risk if you are unsure.

    Why not simply use a trailing stop loss once it's reached your goal profit?

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