 | |  | | Well, if it will help, I’ll tell you my story.
I started out a little ahead of the game than most people (I thought), having had several years of commodities behind me. My first forex account, I took from $5000 to $9000 in 4 weeks.
Then from $9000 to $2000. In a week.
Then from that to 0. Another month to rethink, I got back in and made $5000 into $7500 in a month. Then gave 90% of it back. Third time is the charm I guess, because now I make a steady 45 to 60 pips a week. Nothing fancy. Won’t double my money in a month. Won’t lose it in a week either. Just slow, steady gains. Pretty boring.
If anything can be learned from me, it’s that clichéd as it is, you have to find your own way. Plenty of good advice here, and elsewhere, but plenty of lousy advice too. My thought is, no one here is really an expert at trading. This isn’t physics where we have proven formulas. All of us are learning, relearning, etc. I myself use a risk/reward ratio that is the exact opposite of what people recommend. But it works for me. Find your own “works for me”.
The best trading I ever did (and continue to do), is to throw out all the advice from people, and trade my own plan. Grab a year of data. Pick an indicator, any indicator, and test it. No, test the hell out of it. Forwards, backwards, upside down. Add 5 to each entry and exit. Add 16. Subtract 4 on even days, but add 7 on odd.
Does it work well? What’s well? How can it be improved? How can it be worsened? Honestly, some of my best insights are from taking a position of “how can I make this worse”. Invert, always invert. Nothing more than the old scientific method. Hypothesis, test, verify. Boring huh? Yet it works. For me. May not work for you. I'm a scientist, so putting my trading into a scientific framework helps me. But that may not work for you.
Best advice: Get off the forum. Get into your charts. Look upon your lack of trading well as a problem that needs to be solved. And put as much effort as you need into solving it. Myself, I took all the time I spent watching TV, and instead put it into getting my system together.
Think of it this way: Do you work as hard at forex as Olympic athletes do to win the gold? I don’t either, but you get my point. And forex is a heck of a lot more rewarding (materially).
I’ll extend the Olympic analogy. There is plenty of “gym-lore” out there for athletes to listen to. Carbo load or don’t? Train on an empty stomach, or don’t? Use this indicator, or that one? They have just as much bull to filter through, and they too are doing an activity that can’t be reduced to simple scientific principals. How do they do it then? They find what works and stick to it. They find what works by trying out lots of things that don’t work, lots of things that kind of work, take what is good, jettison the bad, and get their “system” together.
It’s no different than for us, I’d say. It’s tough. But it can be done. |  |  |  |  |
|
|手机版 Mobile Version|Archiver|关于我们 About Us|联系我们 Contact Us|Y2外汇论坛 外兔财经
发表于 2004-9-21 13:23
楼主
发表于 2004-9-21 15:25
