Strongtrader

Many thanks for your words!! In three years i tried almost 20 systems but i wasn't able to be profitable, then i've read some articles about psychology in trading and i understood that was to be the point. Trading is 10% technics and for the rest 90% is a state of mind. Rules and analisys are the basics but then you need intuition to apply them correctly, and if you do not have the right state of mind your intuition won't work. So i worked hard on myself subjecting to a rigorous and patient mental training, and now i'm begining to feel the market and to be profitable with my system.....furthermore i feel another person and i feel satisfied when i trade, even when i get a wrong trade. Anyway my work is not finished yet, so i'd really appreciate any suggest from you and maybe more material to work on.

sure that i compound, of course when i have reached a certain amount of capital i withdraw all the amount and restart again from the begining. But your count is not correct, starting with $1.000,00 at the end of the year they will be around $250.000,00, i never risk more than the 2% of my current balance. Furthermore you should know Larry William, this man is able to transform 10K in 1 million in an year, much more than i can do as you see. To finish, it's funny to notice how people can see only a point within a context and do not see all the rest, my post was only a sum of some suggests to help to do better. Everybody is focused on +5% per day, nobody had a thought about mine suggestions. If you focus on them, you'll find that there is very much to think about and to develop. Don't mind of my gains, you should better ask how you can improve your gains, this is what i did and i'm doing today too.

that's it, not always but often, the rest makes it a solid money management

well of course this is not realistic when you are at the begining of your walk, that surely was not my average when i began to be profitable..is the result of three years of studies and hard work, i did not had neither a day of rest during that time. Once i was thinking that my big goal would have been to be profitable, then i stated to think that 10% per month would have been great, and so on.....so it's a process that you have to figure out....everyone can take out of the market what he wants to take out, i know great traders that gain 10 times my average and my approach is to understand how they do. Do you think that Warren Buffet is a sort of dude genius or an another world man? he is just man, a mere mortal man, but i'm sure that he has become so great and famous because instead of "smelling the flatulence" (see reply of mightymouse to my post) of the ones that had succeded before him, he learned from them and then has been able to do better than them. Anyway think what you want, i was just trying to give you a help, thinking that if i had someone to help me when i needed my work would have been easier

well, personally i don't like to smell flatulence of anybody...it's only a matter of how do you think, the success is just around the corner, it's up to everyone to find how to catch it. The only difference between mediocre persons and winners is just how they think. Everyone sees only what he wants to see, and just to stay in the argument, smells only what he wants to smell. Cheers

The first is the correct one

Hi there, i would like to give you some basic suggests as three years ago i was in your same situation. I worked so hard, after just some winning trades i always had a row of losers that kept me back again, that was frustrating but i was determined to win and so i did, now i have an average of +5% a day. What i mean is that the only way to be a winner is learning to trade like a professionist, everyone can do it but a lot of work and fatigue are requested and you will find a lot of traps too in your walk, so be prudent and have a method, do not exault when you win and do not feel bad when you lose, losses are part of the game, just manage them. 1 - if you are working with minilots you don't absolutely need to have $25.000,00 balance in you account, further if that amount of money is all you have you should start with a 10% of it, so $2.500,00, not more and never never never risk more than the 2% of it on any trade......the secret is to work risking your gains and no more your initial capital as soon as possible....use a compounding strategy to build a new capital, otherwise you will never grow 2 - swing trading is the more powerful strategy to make money, but you have to build your own system and test it on demo acct. till you are confident with it 3 - you have to build your money management system too, and this is much more important than your trading system....prof traders are right often only 40% of the times but they gain a lot in spite of it....think of it...cut your losses and let profits run 4 - never trade without stops if you are not as discipline at least as a german sergeant, and i guess you are not 5 - be aware of everything that is not price action based, only price action works....so you have to observe your charts day after day and see how prices move on, markets are not random, find the structure of them and follow the sequence they follow....so to do that don't listen to all the "gurus" tell you, you have to think different 6 - find a good broker, no dealing desk, NFA regulated, with segregated accounts and with an insurance too, normally they can ensure till $49.000,00, that's fine 7 - be aware of mt4 platforms, they are all managed by brokers, if you are using it i'm sure you've already had issues with connection and with orders execution....in a few words mt4 plat has been built for brokers, not for us traders....so use it for your charts and the many tools it has, but use a different plat to manage your orders