Unsuccesful traders please come here!

Are you having a lack of success trading?

Thanks for coming.

I would REALLY appreciate it if you could post the strategies that you are currently using unsuccesfully. Doesn't matter if your live or demo - Post here your strategy that isn't working and maybe if my plan goes to plan We can help eachother.

I have a lil' crazy plan which i'll explain later. And by unsuccesful i mean, your slowly losing capital, say 10% per month or so, not just lost it all in a day.

Thanks, really appreciated.

I know of something called 'hindsight trading'. You never place a trade, nor lose money. However, you always feel cheated.

EmergentFungus said:

I know of something called 'hindsight trading'. You never place a trade, nor lose money. However, you always feel cheated.

Click to expand...

Ha i know the feeling, but i really need for people to post strategies that don't work Thanks

I would REALLY appreciate it if you could post the strategies that you are currently using unsuccesfully.

Click to expand...

Get ready for an avalanche.


Paul

Searching for successful strategies is like a blind person searching for needles in a haystack.
You're asking for people to find the hay. That's certainly easier.
Since it's rather obvious where the hay is, I doubt if many people will produce it for you.
If you want to find just one little method that actually works, try reading the thread under my signature - it's one of the several methods that have earnt me a living for years.
Richard

Of course if I'm wrong about the response and Paul is right, you'll merely suffocate under the snow

I don't think you will get many takers on this. If you do, you will find that they either have such an inane system that it is obvious why they cannot make money, or more likely, they have a decent approach but don't follow their own strategy. Almost without fail, if I have an unsuccessful trade I can point to where I deviated from a plan (naturally there could be losing trades that fall within a pre-set stop loss, but the people who are losing money typically are not closing their trade at this level and just increasing their loss).

3 min cable chart,
Close Price,
20 SMA,

- Buy when price makes 2 closes above SMA.
- Sell when price makes 2 closes below SMA.

There is a strategy that doesn't work. I don't use it but I tried doing that when I first started learning. I actually made money using it, then I stopped because I thought it can't be that easy to make money, paper traded it for a while and the results weren't so favourable. Still profit, but lots and lots of trades for very little profit. Anyway, I've moved on from indicators now

Mr. Charts said:

Searching for successful strategies is like a blind person searching for needles in a haystack.
You're asking for people to find the hay. That's certainly easier.
Since it's rather obvious where the hay is, I doubt if many people will produce it for you.
If you want to find just one little method that actually works, try reading the thread under my signature - it's one of the several methods that have earnt me a living for years.
Richard

Click to expand...

I don't want a little method that works lol I want a method that definately DOES NOT WORK. Its harder to find that you'd think, care to share one?

megamuel said:

3 min cable chart,
Close Price,
20 SMA,

- Buy when price makes 2 closes above SMA.
- Sell when price makes 2 closes below SMA.

There is a strategy that doesn't work. I don't use it but I tried doing that when I first started learning. I actually made money using it, then I stopped because I thought it can't be that easy to make money, paper traded it for a while and the results weren't so favourable. Still profit, but lots and lots of trades for very little profit. Anyway, I've moved on from indicators now

Click to expand...

''Still profit'' haha, you managed to make a strategy that doesn't work profitable - Nice
That doesn't sound bad enough, i need a really crappy strategy, one that really doesn't work! No profits, Just a high probability of losing trades.

Indicators are pretty crappy, except Ma's

Come on! Anyone got a strategy that doesn't work, i'm starting to realise that its never about the method of trading; its always the people trading it and the mistakes THEY make. I really want a completely FAIL strategy though, must be one aye?

How about this? If 1-hour, 4-hour and daily trend is down according to Ma's, then on 5-minute bars, when the 5EMA crosses 10EMA up we buy, with a target of 100 and stop loss of 200, thats got to fail ?!?!?

I honestly believe that it is VERY hard to come by a proper system that consistently loses. You might find one that will lose in the long, long run, but I very much doubt you will find one that heamorraghes money rapidly. Otherwise, you would just fade it if you had any brains and make a killing. I don't know if that's the route you're going down but in my opinion then, finding a losing strategy is as hard as finding a winning one.

Firstly, to really test it you will need to have traded it under live market conditions over a period of about three months I reckon. Most of the people that may volunteer a "crap system" will never have done that. After all, most "traders" try a system until it gets to the end of the week and they realise they are not a millionaire - at which point, they go onto the next.

Profitable trading is not about the system or the strategy. It's about the trader. If that wasn't the case then all the biggest and best traders in the world would be trading the same way and they are not.

trader_dante said:

Profitable trading is not about the system or the strategy. It's about the trader.

Click to expand...

trader_dante said:

I honestly believe that it is VERY hard to come by a proper system that consistently loses. You might find one that will lose in the long, long run, but I very much doubt you will find one that heamorraghes money rapidly. Otherwise, you would just fade it if you had any brains and make a killing. I don't know if that's the route you're going down but in my opinion then, finding a losing strategy is as hard as finding a winning one.

Firstly, to really test it you will need to have traded it under live market conditions over a period of about three months I reckon. Most of the people that may volunteer a "crap system" will never have done that. After all, most "traders" try a system until it gets to the end of the week and they realise they are not a millionaire - at which point, they go onto the next.

Profitable trading is not about the system or the strategy. It's about the trader. If that wasn't the case then all the biggest and best traders in the world would be trading the same way and they are not.

Click to expand...

Okay thanks, i guess thats what this post was about - I wanted to find out if it was the strategy or the traders that are the problem. I definately think its the trader and now i'm sure of it

It's 100% the trader I think.

Obviously some strategies will make better returns or have less drawdown for a rate of return etc depending on what you want...

you could have a system that is right every time and sill **** it up!

Mmmm.......it's a mixture of methodology and technique AND the individual trader.
It's not a matter of one extreme or the other. It's not a matter of something in between like grey between black and white. It's BOTH.
It's the right tools and the right person. It ain't rocket science.

It's also very easy to have a "strategy" which is guaranteed to fail.
I could write tons of them off the top of my head.
Here's one I'm making up as I type.
Go long in a falling market thinking you're a clever contrarian going against the crowd, (you read this was good on a web site), as soon as you lose 33% of your capital, stop and reverse doubling your position size because you should always be in the market just in case, (you read this was good on a web site); as soon as you show a profit of 1% feel really pleased with yourself as a winner and close the position.
On the next trade, use 100% of your capital in a geared position of at least 3:1. Direction doesn't matter, it's the exit, not the entry (you read this was good on a web site).
Having lost all your money, borrow on a credit card because who dares wins, (you read this was good on a web site), and every successful trader must lose money at the beginning (you read this was good on a web site).
If you are "skillful" enough to have some money left over from this style of trading, sell your home all possessions, including selling wife/partner and any children into slavery and use proceeds to start all over again.
After all, what was good enough for Jesse Livermore, must be good enough for you (you read this was good on a web site).
More sophisticated ways of losing money are also available ad infinitum.
Richard

Mr. Charts said:

Mmmm.......it's a mixture of methodology and technique AND the individual trader.
It's not a matter of one extreme or the other. It's not a matter of something in between like grey between black and white. It's BOTH.
It's the right tools and the right person. It ain't rocket science.
Richard

Click to expand...

true

great - somebody gets it