I agree with most of your points about market behavior as being random, chaotic, manipulated or whatever, but that is a reality out of our control. It makes sense in my humble opinion to take care of things we can control such as our edge, whatever ...

Observable Realities about the Market

Thank you oneuniverse for all your useful and very valuable insights. I was searching for trading psychology and ran into your post. I was impressed with your valuable insights and trading wisdom at such a young age and everything you stated is ...

The Winning Trading Psychology - sure way for consistent profits

I agree 100% LDFX and thank you Riclater211 for initiating this important thread. Regarding my MM rules I democratically risk 0.3% of my actual equity on every trade, preferably 3 units of 0.1% each. I am a swing trader basing my signals on daily ...

Money Management Theory

Many thanks DonPato for your precious insights based on real trading experience. I hope like many others that you might continue to help with your vast experience and deep understanding on trading. Best wishes and God bless you for your kind spirit ...

How to be consistently profitable... but I bet you won't do it

Hi Thank you for all your time and great insights. Looking forward to hear from you soon. Greatly appreciated.

Trading Truths

According to the great late Mark Douglas a winning attitude is a positive expectation of your efforts with an acceptance that whatever results you get are a perfect reflection of your level of development and what you need to learn to do better. For ...

What does your trading philosophy mean? How important is it?

Mark Douglas's "Trading in the zone" is the bible of trading psychology. A must read!

Psychology matters most!

Thanks KeenPips Of course it is one of my fundamental belief, I simply didn't want to be redundant. Thanks for mentioning.

What does your trading philosophy mean? How important is it?

Instead of a trading philosophy I have a set of beliefs mostly based on the precious work of the great late Mark Douglas. 1. I make myself available 2. I embrace the risk 3. I keep expectations neutral 4. I pay myself as the market makes money ...

What does your trading philosophy mean? How important is it?

I embraced Turtles' money mgmt rules that I decrease risk by 20% for every 10% drawdown in my equity.

How to lose money

I completely agree.

Trading Expectations vs Reality

Thanks for your thread Minter. Insightful.

Trader Mentality & Psychology

I couldn't agree more. Thank you for your insights and for your time and effort to share your invaluable experience. Nothing can be more important in successful trading that acquiring and maintaining an ideal trader's mindset.

Trading: A Mind Game

I'm practicing being objective by identifying higher highs and higher lows or vice versa to clearly define the swing or trend on daily(if any). It seems obvious but many times for me is not, as my rational mind is trying to find correlations between ...

What Would You Do Differently Today for Better Trading Results?

In my opinion acquiring CONSISTENCY as a mental skill is far more important that any specified monetary gain. I'm a swing trader using the daily timeframe and I aim to be profitable month in, month out first, and second preferably the percentage ...

Can someone become Retail Forex Millionaire - myth/hype/dream

I risk 0.5% of my equity per pair in forex usually equally divided in 5 units of 0.1% each(scaling in).

How Much Do You Risk Per Trade?