The Best FX Trading Tip I Could Ever Give You (Crucial)

paraphrasing, take 10 trades and 4 are losers. You have a decent Sharpe ratio. Now, cut just TWO of those bad trades, and you could effectively DOUBLE that Sharpe.

.. love this ;) developing a feel for a mkt ..mkts do have their own personalities but not going to go into that whatnot trading on the DOM (which is (should be) for order entries – only – anyways) but the mkts are like a bus stop; ok ;p depending on where you live might be d/trading as opposed to investing ..miss a greyhound passing by every 6mths in the midwest you’re fcked ..point is, there’s always another one around the corner ..

No intuition is not bullshit .. it can be prior knowledge, that's not all, it doesn't explain how you can get a feeling to slow down right b4 you would hit a deer 

Telekinesis actually is moving, being able to, stuff around (with your mind) ..A better case can be made for ..well, MGI; you aim for a 1:2 or w/ever RR based on mkt structure; if you just decide on that that’s the mkt telling you shit; you're imposing your will on the mkt;

..psychic is demonic anyhow but that’s not emotions; above re; RRs that could be ..money can become very emotional and often does for ppl ..

.. Totally true; we can't remove emotions..so don’t; instead, manage/learn to manage them feel, know what it is you’re feeling at the moment and just press through that, trade through it in a cloud as if it were ..

Like Curtis Faith (before he went nuts) I dunno by what some freak of nature but money has nvr affected me; or then I ;) simply haven't traded big enough..I hear we all have a nmbr ..

.. I’m loving these .. reason ppl are nervous is because, frankly; honestly? ..they have no idea what they’re doing ..confidence is restored by a trading system ..

.. slight caveat here if I may offer; (A. Elder guy’s insane but) traders take a good system and ruin it by attempting to make it perfect..(Elder who I considered /was my first mentor ('mentor') until .. I called Alexander Elder a bs'er now I think he's just insane....tells us to test on our own data ..he shows us stuff that doesn't work/his systems then says that)
I dunno if this is going too much into trading anecdotes, euphemisms ..but, a bad plan is better than having no plan at all..er; umm ..I’ll let you decide, but yes; the importance of a clear, written trading plan ..

you don’t talk fast ..

best way to spot (a mentor) if wanna trade intraday..see if they tell you how to place a stop; ‘cos if they don’t .. it's amazing, no one .. lol w/ all the strategies out there, no one ever tells you how - intraday - to do it (good luck trying to calculate your pos size IRT) ..
There’s nuances as in wanna trade momentum know a trade should work instantly tight stop is warranted ..but it should be dynamic ..

You can use volatility to set fixed stops you’re still taking volatility into acct ..

..yea; I like t/p orders but nvr the idea of arbitrarily exiting ..prefer a trailing stop ..equally taking 50% off ..