Jump to content

Developing profitable versus useless strategies


Guest oilfxpro

Recommended Posts

Guest oilfxpro

The best strategies are set and forget strategies.I set my option trades, place pending take profit orders,than forget about the trade.This eliminates all the trading psychology demons and disadvantages.

 

click for psychology knowledge

 

What is the point of wasting your life, on systems that you will never be able to implement on a live account?Most of the 5,000 free systems on forums and internet are free, because they are worthless.This is why they talk about 98 % failing on forums, then they provide 2500 free systems.

 

Find methods that you can trade that are profitable, that you can actually implement and make money.This is good for brokers and traders, traders make money and also brokers retain clients and make money every year, as opposed to looking for new losers to replace the previous losers.

 

It is rare to find good trading mentors, coaches and educators. Most have failed at trading and are the blind leading the blind .They do not know enough about trading psychology and the human brain, to be able to advise /teach others how to trade successfully.How can someone who does not have the map to the trading gold ,sell a map of it?

 

https://forexfactory2017.wordpress.com

 

Look at the profitable  strategy , I post in the indices section.

Link to comment
Guest oilfxpro

http://www.trade2win.com/boards/foyer/165180-compounding-billionaires-t2w.html

 

If a good trader can earn a simple 30 pips consistently a day from trading , a trader can become a billionaire in 5 years

 

It is very clear in this thread   , why most traders on forums are not billionaires, it is because they cannot trade and they cannot make money in the long run. The human brain is wired to lose in the markets,this is why they are not billionaires ,psychology is 80  % of trading success.

 

http://tradingpsychology1.blogspot.co.uk/

Link to comment
Guest oilfxpro

If traders don't understand trading psychology, how can they devise a profitable method that is compatible with the human brain?If a profitable method is not compatible with real time trading execution, the profitable method is useless.They can not implement it to make profit

 

Here is a great psychology link and post for advanced trading psychology.An understanding of this subject improves the odds of devising profitable strategies that you can implement.

 

http://tradingpsychology1.blogspot.co.uk/2017/10/best-psychology-threads-youtube-videos.html

 

The method posted here includes many psychological edges, like patience, lower stress levels, managing emotions,  avoids fear of loss  or reduces fears, the need to be right , cognitive biases and many other psychological aspects.It takes care of these.

 

 http://www.trade2win.com/boards/trading-journals/224896-20-30-profitable-dow-dax-weekly-100-ticks-profit.html

 

If traders don't understand the mind ,how it works subconsciously in trading , the traders can not have any plans for the 90% risk of under performance due to psychology.It is with the mind where traders lose in trading due to emotions ,stress , need to be right , subconscious emotional executions ,mind traps , automatic mind in trading , beliefs in trading , subconscious errors , brain command center shutdown during trading , brain freezing in trade executions ,the power the thought , negative wiring of human brain and it's performance in trading ,meditation , unreality reading of the real market conditions,cognitive biases in trading decisions , mental traps , benefits of patience and disadvantages of impatient traders , impulsive , self sabotage in trading executions , stress responses , amygdala hijackings ,personality , ego and other psyche characteristics.

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 27 February 24, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Details: the Five-wave increase in wave (III) Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: The five-wave rally of Wave(III), which we are currently in Wave V, a sub-wave of Wave(III), is likely to test the 59456 level before another correction. The overall picture is still in an upward trend, but it is at the end of the trend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!         Elliott Wave Analysis TradingLounge 4Hr Chart, 27 February 24, Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave V Direction Next higher Degrees: wave (III) Wave Cancel invalid level: 31046.25 Details: the Five-wave increase in wave V Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: The five-wave rally of Wave(III), which we are currently in Wave V, a sub-wave of Wave(III), is likely to test the 59456 level before another correction. The overall picture is still in an upward trend, but it is at the end of the trend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.    
    • Imagine a world where tokens are not just static assets but dynamic entities with executable scripts, thanks to ERC-5169 and TokenScript brought to life by the ingenious minds at Smart Layer. These technologies empower tokens to carry out intricate logic and front-end interactions, opening doors to endless possibilities. Trusted by over 1200 developers and 30 major brands, Smart Layer isn't just a concept; it's a proven solution embraced by industry leaders for its ability to tackle integration, privacy, and trust head-on. It's more than just a suite of technologies; it's a catalyst for the tokenized web revolution. At its core, Smart Layer introduces a paradigm shift, ushering in a trustless environment where token logic reigns supreme. Smart Tokens, the building blocks of this new era, encapsulate business logic in a blockchain-based format, enabling seamless interactions across systems and tokens. Tokenization becomes the linchpin of this transformative journey, as goods, services, and digital rights morph into programmable tokens. This not only streamlines integration but also fosters frictionless markets and empowers users in the digital realm.  As we look ahead to the next generation of the web, Smart Layer stands tall as the integration bus, connecting disparate systems and enabling limitless possibilities. It's not just about decentralized execution; it's about scalability, security, and a decentralized future where interactions are complex yet seamless. In this narrative of innovation, the Smart Layer isn't just a piece of the puzzle; it's the cornerstone of the Internet's future, a programmable service network facilitating decentralized interactions and shaping the digital landscape for generations to come. Am completely immersed with the ideology that this amazing innovation will reign supreme in this evolving industry and the tokens holders will have every reason to celebrate in the nearest future. Do you guys share the same sentiment or you think it's another over hyped project.
    • Blockchain technology has proven effective in various sectors where its use has been employed, and now businesses want to utilize its intelligence to raise user experiences and productivity. Sadly though, two major hurdles stand in their way: complex integrations, and data sharing regulations. Where tokenization promises to proffer solutions, scale and functionality limitations have halted its breakthrough; enter Smart Layer. Smart Layer promises us a new way to deliver business services that will unlock the next era of digital experiences. While current token functionality is limited by smart contracts, Smart Layer new token standard (EIP-5169) enables tokens to become Smart, and go beyond assets to deliver composable business services, thereby resolving the issue of extending token functionality. Through Smart Layer model, Web2 businesses are bound to build seamless user experiences by delivering more portable and composable services through tokenization, evading the need to build complex integrations with multiple chains. Smart Layer simply captures value with every integration and issued token, as businesses easily tokenize their experiences and services, and paves the way for seamless transition of businesses from web2 to web3. Smart Layer runs as a token-incentivised network of service nodes powered by Smart Layer token ($SLN), a token that has gained global attention thanks to its vast utilities and huge airdrop. Leading exchanges such as Bitget has also indicated interest in listing $SLN when the liquidity threshold is met. Your thoughts on this exciting project?
×
×
  • Create New...
us