I guess the reason I ask is that i've found that I've created a "comfort zone" with my trading approach and method and it seems to me that you've done much the same. It would appear that since you trade OPM and you use a system it's as if you've ...

Why professionals "only" make ~30% anually

Ok now lets say, just for arguments sake, that you stopped trading OPM and took a more discretionary approach with your personal account. Would you expect that your ability to cope psychologically would be better or worse? Steve

Why professionals "only" make ~30% anually

There is an interesting phenomenon which occurs to some, in that they find that their emotional and psychological make-up changes somewhat when they switch from trading their own account to managing others and vice versa. Did you find this?

Why professionals "only" make ~30% anually

Simon, it looks like we agree. The issue then is how to overcome the barrier once it presents itself. Working toward the amount in question by gradually increasing the $ amount risked is one option but often this still does not work, because on an ...

Why professionals "only" make ~30% anually

Yes, logically speaking 1% is 1% and nothing is different but on an emotional level its a different ball game. I'll give it to you that some people can dump $100k or 1% of a 10 million account without a problem but the vast majority do not have the ...

Why professionals "only" make ~30% anually

This is an interesting subject and when I first started it puzzled me. Within the sphere of professional trading there are a few types of traders and of these lets focus on the following two; fund managers and professional independants. The 30%-40% ...

Why professionals "only" make ~30% anually

If you trade Forex through a market maker, you really are not trading in an open market, you are taking a position against the MM. Regardless of how the MM manages their risk your trade has really no effect on the other traders. Having said that, if ...

Any Consequence for having too many successful traders?

Arbitrage, too funny! When you’ve been in this game a while, the way MM’s operate become all too clear and like me, you’ll probably find yourself switching and using ECNs rather than playing silly games with bucket shops. New traders deserve to know ...

Is this true?

So you're associated with an introducing broker for FXCM and that places you in a excellent position to give an unbiased opinion does it? FXCM pays it's introducing brokers, such as those to whom you are associated, a portion of the spread as ...

Is this true?

True but it would be nice to know the rules up front and without having to pay through the nose for them. To imply that those who question the rules are whining, or something to that effect, impedes the learning of these rules and actually promotes ...

Is this true?

You may actually be right, I may be going overboard a little, but still...... To complement somone on a good post is one thing but to say that you agree, is to endorse that persons post. With this post in particluar its quite relevant and this is ...

Is this true?

Your initial stop defines your risk for the trade. When and where you move it after entering your trade is not a factor in the risk calculation.

My Journal Of Beginning Again.

How about qualifying that statement? One of the most irritating occurrences here at FF, for me, are the "I couldn't agree more", "Well said", and the "Theres gold in those words" type posts. Qualify your remarks, for heavens sakes, otherwise they ...

Is this true?

Here's a thought. You've stated, as I understand it, that your strategy is to trade with the trend and enter after a retracement to S&R or a trendline. Now I see you are bringing Fibbos' and Bollinger Bands into the equation. What for? Also, ...

My Journal Of Beginning Again.

You're quite right Mark, my apologies. Next time I'll make sure I read a little more carefully. I do think it would be worth while for you to journalise both your trade openings and closings for clarities sake, both for you and us. If possible ...

My Journal Of Beginning Again.

You posted a journal entry for a trade yesterday yet you didn't adequately document the trade set up (was it off S&R or a trendline?) and completely failed to address your stop loss. Also I assume that trade is still open since you haven't ...

My Journal Of Beginning Again.

Nader, impressive as it is, your outline is better served as a summary toward the end of this journey rather than a road map to it. The reason for this is that when information is dispersed in quantity it cannot be realised and it loses its value. ...

My Journal Of Beginning Again.

Mark, before you go any further it may be worthwhile taking some time and identifying some of your problem areas. Why not make a list of some of the mistakes you've repeatedly made thus far. Next list your strengths and weaknesses as you perceive ...

My Journal Of Beginning Again.

The major aspects of trading are the strategy (trade selection/entries/exits etc), risk/money management and the psychology. Pretty much everything you read in books falls within these catagories. Don't get intimidated by the amount of information ...

Reading......and reading.......