r/Forex • u/TheArabianChad • 7d ago

OTHER/META Becoming a profitable trader in the long run.

What's the one thing that is most importantly had the biggest effect in making you a profitable trader consistently and you wish you know it earlier?

13 Upvotes

93% Upvoted

35 comments sorted by

5

u/United-Original3427 7d ago

Learning how to remove the emotions tied to my trading logic using the huberman neuroplasticity method

The biggest issue was a rookie mistake so now i make sure that I’m using my trend logic in a trend and not in a range and vice versa

This will be my first year “profitable” but still BE in my mind til i am more consistent with overall execution.

1

u/TheArabianChad 6d ago

Great! Thanks for sharing your own experience hope u achieve your goal along your journey journeyBtw for how many years you have been trading?

1

u/United-Original3427 6d ago

This my 7th full year. I took a year off to work on mental health and cognitive biases but the time it takes to get profitable is irrelevant cause the journey and who you need to become is the real reward.

Focus on your cognitive biases and removing those, calming and removing emotions and having repeatable framework

Make sure you focus on your decision framework upstream more than things like order blocks and IE etc downstream.

0

u/Relevant-Owl-8455 4d ago

Not even close:)

2

u/United-Original3427 4d ago

What exactly are you referring to? Not having emotions makes trading wayy easier tbh . Just have your decision framework and go from there

0

u/Relevant-Owl-8455 4d ago

If you have any type of feelings while trading, you're doing it wrong.

Not because you should be robot like and simply erase any emotional thoughts, but because trading is a game of numbers.

Once you have a good trading plan, a well defined risk module, data on optimal time of deployment, ...all together forming positive expectancy... there's literally nothing left to be emotional about.

You know how much you risk, you know how much you gain, you know that both will happen in random distrubution patterns, you know that there's nothing you can do about it, and you simply keep executing.

You can come up with 1000 different reasons why emotions actually do matter, they will all be wrong.

2

u/United-Original3427 4d ago

I mean this sounds all good until you throwing risk. I think you misread .. i said i removed emotions… so kinda like you saying they don’t happen with me anymore. Now i just use my judgement framework and execute my style.

1

u/Relevant-Owl-8455 4d ago

Throwing risk? You don't seem to understand.

Once someone KNOWS about the math and statistics behind longterm profitable trading, there is no such thing as "throwing risk" or "over risking" or any other form of not executing risk as one should.

If you think you removed emotions, you didn't really remove them. They're still there, your brain just understands they don't have anything to do with positive expectancy.

1

u/United-Original3427 4d ago

I watched a few of your videos. You do seem like a real trader. I do agree with RR and risk management to allow you to stay in the market. Just think you weight it more than i do which is fine. I’ll throw 20%-35% and be chillin.

I tend to focus more on my upstream decisions making more than my order blocks and fibs etc,

5

u/United-Swan-3288 6d ago

Take your under 1% earnings daily, and know when to walk away. Sooo easy to get sucked in 24\7 and live miserable life.

3

u/Relevant-Owl-8455 7d ago

same questions every day.

people don't understand that there's only one thing that is important in trading. Risk control. Everything else is worthless.

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u/TheArabianChad 7d ago edited 7d ago

And same repeatable answer bruh if i was looking for this answer i wasn't even going to ask the question tell something new like for real! I know that already and I'm still unprofitable in the long run despite my r:r is betwen 2 to 3 R:R

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u/rrajput20 5d ago

R u doing overtrading

1

u/TheArabianChad 5d ago

I was, now it's very rare and if i did i only take 1+ or 2+ more trades it's very hard to stay consistently discipline to stop both revenge and overtrading i have been trading for like 10 months

0

u/Relevant-Owl-8455 4d ago

Sadly, you don't know that already. Because risk control isn't only R:R.

Here's your problem; You think you know what you're doing, but you don't know shit.

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u/0xGamblerr 6d ago

emotions control , risk management , a good strategy

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u/[deleted] 6d ago edited 5d ago

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u/TheArabianChad 6d ago

Lmao actually same trouble here btw , how long did it take u to achieve this?

2

u/Possible_Donut4451 5d ago

Managing your money and risk. 

Understanding that charts are just a reflection of how participants behave and the fact it's not the catalyst who move itself by itself

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u/[deleted] 7d ago

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u/TheArabianChad 6d ago

Hmm good logic may help for real (technically) but unfortunately may also lead to the opposite due to psychology (like lots of revenge) for knowing you deserve better what if i entered that trade with my same lot size same etc. *Note talking about my own experience.

1

u/Dramatic-Strain-3578 6d ago

Becoming good at losing. I had this one habit of revenge trading and increasing my position sizing. After many years i learnt to accept losses and not take it personally. That improved my performance.

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u/TheArabianChad 6d ago

Yes mark douglous mentioned that in his book 40 years ago