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- Grabowski replied Aug 18, 2017
Cut you losing trades, let your winners run. add to winning trades. not add to losing trades. Take small % of balance of each position instead of adding risk to next trade. in other words, common sense of probability
How to change this Martingale to Reverse Martingale ?
- Grabowski replied Aug 17, 2017
RMK90, this shouldn't be in the rookie talk. I use a very simple breakout system of each daily candle. SL in the middle and risk 0.5% - I usually run into a bad period of 20-30 losing trades in a row. ADjust you appetite for risk here :-) Here is my ...
Since martingale burns accounts, why not do the opposite?
- Grabowski replied Jul 30, 2017
Random walk, Levi flight. I see the market consolidate and the expand. The market is positively skewed, which means it goes further than we think, and less consolidating. Adding to your winners and cut you losses.
Beliefs about the market
- Grabowski replied Jul 22, 2017
I would call you slightly risk-averse :-) It all depends on your account and your money blueprint. I personally believe since I'm my own money, I treat trading as value gambling and the bigger my account is, I'm most likely to turn down my risk, ...
Trend Trading
- Grabowski replied Jul 22, 2017
With bigger drawdowns also comes bigger rewards, unless the strategy or strategies are crap. Take a look at Dunn capital - They have been doing very well, but with some heavy drawdowns.. image I would say it all depends on your appetite for risk ...
Trend Trading
- Grabowski replied Jul 20, 2017
Or study 95% of traders of what they are doing wrong. They usually cut their winners and letting their losers run. They do not have any ideas on risk or probability. Sometimes they overtrade. I've been studying cognitive biases and why humans in ...
Following bad traders as a strategy
- Grabowski replied Jul 20, 2017
Hi all, Just want to give my 2 cent. Trendfollowing is a very tricky concept. Most traders have their own definitions. Some only trade Forex, while others diversify much greater. A trend in my opinion very visible after the facts, and jumping into a ...
Trend Trading
- Grabowski replied Jul 19, 2017
I have this special picture on speed dial for every Martingale system I see on forums.. image Read Nassim Taleb's "Black swan" Thank you
Is the martingale way the only way in Forex?
- Grabowski replied Jul 19, 2017
I would respectfully disagree with your statement here. Mainly because all decisions in life and trading, are based on emotions. Not logic. Antonio Damasio, a neuroscientist found patience with a specific emotional part of their brain damaged. They ...
Wanna know why a majority of traders lose?
- Grabowski replied Jul 5, 2017
Go with price. Breakout of each candle. Add to your positions and let your winners run. Obviously cut your losses. You could do a trailing exit moving average with your profitable trades. Markets tend to go further than we can imagine or believe. I ...
which setups/strategies are frequently occurring?
- Grabowski replied Jul 4, 2017
What does losing traders do? They cut their winners and letting their losing positions run. Or even worse, adding to their losing trades. I think studying what 95% of traders do wrong, might get you are good idea on what not to do and perhaps make a ...
another losers thread: entry strategy idea
- Grabowski replied Jul 4, 2017
If I can just chip in here. What makes your trade profitable? Is what happens after your trade is triggered that matters. Which you don't have control over. What you do have control over is position size and when to get out. A system adding ...
another losers thread: entry strategy idea
- Grabowski replied Jul 3, 2017
I have things that I like in the morning. Meditation, eating breakfast etc...
What does your normal trading day look like?Goes to the gym 4-5 times a week. Not because I must, but because I like it. Every day at 5pm at work, I place my trades (my strategy only focus on exits) takes ...
- Grabowski replied Jun 27, 2017
wow, you put a lot of effort in your writing. I would recommend having a look at the news science of decision making. I'll recommend two well known authors. Van Tharp and Denise Shull and her book: Market Mind Games: A Radical Psychology of ...
Is Forex stressful?
- Grabowski replied Jun 26, 2017
I'm pretty sure that if you trade a big enough account size, you will need to have the right mindset. Well... getting negative emotional is normal. You will eventually run into a bad luck streak, and when that happens, it's your actions to these ...
Is Forex stressful?
- Grabowski replied Jun 25, 2017
I made real progress the day I stopped reading trading books and found a good mentor
What helped you the most to be profitable?
- Grabowski replied Jun 25, 2017
Define successful? I'm pretty sure every trader get's what they want from the markets :-)
Name just ONE successful forex trader...
- Grabowski replied Jun 25, 2017
I'm not sure if it's stress or just an low level anxiety. Perhaps feeling a bit uncomfortable is normal while entering a trade or making decisions. I've heard many interviews from profitable traders that also have this underlying discomfort.. I'm ...
Is Forex stressful?
- Grabowski replied Jun 12, 2017
The reason why I dislike Martingale systems is because they will fail eventually. And when they do, you lose your whole capital. It's just a matter of time before the fat tail comes. On a more personal level, I think a lot of people like to trade ...
Why are martingale strategies so hated
- Grabowski replied Jun 3, 2017
Usually the negative feelings and emotions are stronger and has more energy than your positive ones. I would suggest keeping track on trades that goes against you and for you. I bet you will find that it's 50/50, but your emotion and feelings are ...
Frustration in Forex