I don't want anybody's comments in the thread ...... I don't need them ..... nor am I looking for any advice.
The purpose of the thread was to share my insights and experiences to those who were looking for consistency in their trading and were tired of all the usual ..... the secret lies within you ..... maintain strict stop loss ... its all in your psychology because that is not the answer.
I made it very clear if you disagree no need to mention here because I already agree with everything you say, so no need to argue here .....start your own thread by all means and say whatever you want there. As OP I have the prerogative to decide what I want on my own thread.
Problem is members who mostly make pointless posts to bump up their post count feel threatened and although they don't know their ass from their elbow have to make posts just to get a sense of importance, even if they've been told "I already agree with whatever you say ..... so no need to tell me as its my thread ..... if you want to tell something to other members then start your own thread"
As we're in cyberspace we can be who ever we want to be, if we're a loser cyberspace gives us the opportunity to get a sense of recognition by making numerous post, especially in trading because so few succeed the majority can not tell what is correct and what is incorrect so they tend to believe anyone who makes a lot of posts and has a few fans clapping for them.
There are exceptions though there are members with a lot of posts who know what the are speaking about but they are the minority.
My thread was meant for the following
Some one who came to trade and picked a strategy but began to lose. So he was told the secret is in money management .... so he learns about it and disciplines him self to adhere to it and tries again .... but after a while he wins loses ... wins loses ... keeps his losses small but finds he is still losing his account ... so he scratches his heads and wonders what the hell is wrong ...now he's told .... its all about pschology .... the answer is within you .. you are the answer .... discipline , control your emotions .... pull the trigger don't worry about the outcome of any single trade ... think always in terms of the next 1000 trades ..... keep loses small, never risk more than 1% strict stop loss etc ... so he learns about this extensively takes him a few years and tries again bit once again he finds he wins and loses but over time his account is actually decreasing ... his losses are small but over time his account is decreasing .... slowly ... but none the less it is decreasing.
So finally he says "must be my psychology" .... so finally he creates an EA (uses the brokers API or whatever) to trade but once again after moany months he finds he's actually losing money .... if he still persists he finds after some more months or a year his account is in deep drawdown and finally after some more time gets margined out.
He then begins questioning himself where did he go wrong? Afterall he did everything the so called forum guru's said. He then realizes something is wrong .... when he posts about what has happened but the guru's are not able to tell him .... they continue to make post after post about the there must be a mistake in your psychological approach , you are risking too much , don't worry about drawdown continue to trade pull the trigger et etc.
My thread was meant for someone who has experienced this and looking for the answer of what went wrong.
IT IS MEANT FOR ONLY THIS TYPE OF TRADER and I made it very clear in my first post.
It was not meant for the gurus, I made it amply clear in the first post itself.
Most people give up trading after trying in the initial years those who persist beyond that with deep study and tenacity may end up like what I wrote above.
Not for your gurus, so no need for them to post here, and so there would have not been any need for their chmachas to come and clap for them in here.
I honestly believe although there are successful discretionary traders best chance of long term consistent profitable trading for persons who are not psychology guru's (like me) is to follow a rule based approach but this itself will not make you successful, in addition to this you need the other two components ie mindset and money management.
But without a profitable strategy you're dead already although you dont know it yet.
Its hard to develop a working methodology and as I said they are not easy to find.
With God's grace and years (because I'm not so smart) of struggle I had gotten on the correct path ans seeing so much BS just wanted to share my experience for those who are in the shoes I once was and those who wanted to listen.
I HAVE NO PERSONAL ENEMITY WITH ANY MEMBER.
I started this thread to dispel the popular myths which I have verified myself to know that they are basically BS, I planed on dispelling a few of them but this thread didn't even get to the second one
Some members had requested to share my personal trading experiences and I was also planning on sharing some basic working methodolgy which actually works (it may or may not suit you but atleast it works just like poker may suit your personality but blackjack will not - but altelast those games can be beaten) and maybe some other aspects of trading etc ... but now I really have no desire too .... sick of the controversy and really sad to see people feel so threatened by my one thread ... I said I already agree with what you say so why are you posting in thread of a pitiful trader like me .. this is not meant for the guru's.
You maybe masters of psycholgy or whatever but I'm not so .... its not meant for you ..its meant for people who were once in my shoes.
Anyway I apologize to anyone who feels threatened but my posts, I have no personal enemity with anyone. To those few handful of people who were looking forward to the thread progressing I apologize for ending it.
One thing is sure if you are absolutrly determined to succeed you will definitely find success no matter who tries to stop you, and how much people try to confuse you.
Request moderator Mr. Traderji to kindly close this thread.
