Forex Losing Streaks - How To Deal (Podcast Episode 22)

[@lucapuzzoli8363]

Thanks VP every loss puts me much closer to a win! backtest backtest backtest!!!

[@wehttamak]

@Joseph Indiveri look at the video on backtesting

[@ronneljubane]

now im testing real money...and im in a losing streak..thanks for the advice..from philippines!!!

[@nifeolawoyin8179]

VP, I would like to say thank you for your consistency and hardwork. I still can’t believe I stumbled on a channel that has had as much impact as yours on my life. Now because of you I can’t look at any Instagram trader the same anymore 😂😂. I salute you.

[@Canopusparadise]

I'm so happy I found this podcast

[@helyraj2045]

Fortunately I began my Fx studies with NNFX. Now I have strong indicator system(s) and I've been experiencing damn profits via my demo account. I'm so glad! Thank you VP!

[@nowanobady]

11:15 this is gold! this is the answer ive been looking for. i just trade my system. it should remove my opinion. if it setup the way my system should then i should enter it. if its a lose its fine. if it does it again ok. next trade. it goes back to the fact that we dont know what the market will do. i just execute my system. its the long game. whats impt is my system works and in the long run its profitable. consistency and discipline. i should trade like a robot.

[@nowanobady]

add notes: another realization... its bec my system is my boss! not me and my system is my servant, not like that. im just the one who executes it! my boss just tells me what to do. ok its setup, enter! not yet complete setup, hold on. ok exit signals, exit! conclusion then: we should be a slave to our system. bec its the one who gives the profits, not us? thoughts??? thanks

[@valtergouveia5131]

Bless you mister VP, spoken as a real master. all the best from Portugal

[@PluggStarz]

Losses are small, wins are bigger. So in the long run we have to end with some profits. (Of course if your MM is ok)

[@KamoMokoena.]

Im still working on system,i think zig zag indicator can be good for stoploss after confirmation indicator

[@lokone303]

you made me into my mad-matician mindset this week again, and i went to test my indicators with your aproach, BUT what a surprise for me, i found i didnt was using one little confirmation detail on one of them, and now the puzzle of indicator looks complete XD The daily chart is so powerfull that even with that "big mistake/little detail" i had only one blatant error on 5 or 6 setups during last 6 weeks O.o From another Daily charts lover, Thanks!

[@markcarandang2225]

About the story about the conference, I was one of those ppl who followed blindly and it’s sad. Now that I look back at those days, I can’t stop cringing 😅

[@TheAnythingReport]

its simple just keep going using the same system

[@izzyrov5814]

Thanks so much for the awesome tips VP!

[@PropTrading]

VP, just a quick note to say THANKS! great videos, info and all. Much appreciated. best always

[@duartealexandre8712]

I'm from Portugal, thank you for the love and the amazing content you keep putting out for us! Ps.: Conferences are (at max) for contacts. No one learns great stuff there for real. ❤️

[@RobertLoyale]

Can honestly say my system is my best friend. I named it Bill. Bill gives me the call i take the trade. At this point I’m building bill 2.0 but it’s only for Metals.

[@petereastman2663]

You are good. I have learned much from you.

[@danielboisclair6192]

In my humble opinion, i think cutting loses is as important but even better than adding wins, although both do get our winning ratio up, our efficiency percentage goes up quicker when taking a lost off compared to adding a win, so the end result is less trading needed to hit the same winning percentages.😏

[@bettycooper369]

I was watching a video about risk augmentation from ICT (looked him up when you mentioned him in an earlier video) What do you think of his approach to reduce risk during losing streaks? He says to drop risk down to 1% then 0.5% until the losing streak breaks, then continue to trade with 0.5% risk until you make 1/2 of your initial loss back, then up your risk to 1% until you recoup your full loss, then go back to 2% risk. Is this too conservative? He makes a good point, but it does seem like it could slow down a comeback. Thanks for all your work on these playlists!

[@skanskar]

Now I am forward testing I seem to watching more of the psychological videos lol

[@NoNonsenseForex]

You're growing Darren!

[@elliotmarvel5979]

Wow this is great stuff

[@archravenineteenseventeen]

Welp. I'm about to attend one this coming Saturday Just for the giggles

[@trevorpennyfeather877]

Should have asked this on the previous video but how do I determine a good entry and exit point

[@rossrockomurphy2277]

Hahahah the part where people from other countries take photos is so true at forex meetups by the brokers.

[@geoffcohen6062]

What you are describing regarding not bailing on a pair cuz it is losing sounds a lot like diversification in the stock market. You are in one sector like utilities and it is not doing well, don't bail on it. It will turn around. In the meantime you are being propped up because you are also in tech which is sky rocketing. When tech starts to fall off a bit, that is when the utilities comes back strong. In a sense you are doing the same with the different pairs. Does this make sense?

[@dangeloaugustok]

Thank you for showing us the REALity behind all of it. I wish to drink a whiskey with you someday, just to say thank you.

[@clemenspanzel4470]

Killing it every time

[@rodgeraarons8997]

Wow. Good stuff. Subscriber numbers doubled.

[@NoNonsenseForex]

I know, crazy. Wish I knew what it was from, so I could replicate it.

[@37859768]

thanks for the podcast

[@WorkofArtFinance]

You didn't add "h" to the backtesting link

[@Andrew-lm2py]

the backtest link is missing the H in front of it causing it not to be a link, just FYI :)

[@VilkasDe]

Another Great Podcast!

[@mybabyfhor9264]

I will reserve my question until I finish the "Technical Analysis (Trade Entries)" series.

[@Diamond0dust]

I like your style

[@gestroud]

Best line: We're on some different 💩 here!

[@laurenh978]

Thank you!

[@rehanrao5]

Does it mean that if we loss, someone else wins? I wonder why all firm follow Price Action?

[@hugoalves5768]

portugal where too

[@Stevek-ce7md]

Another great podcast..

[@mikemandown8332]

5:04 gets to the point

[@TheMasterpulha]

Greetings from Portugal!

[@carolineweber941]

Portugal!!!

[@redcentredoggies]

I’m a sponge. 😎. Thanks VP.

Im an amateur investor on forex and was reading books lately to get up-to-date on basicaly how to forex 😁. Then in need of more info about the subject, I bumped into your account - and there goes all my acquired knowledge ! to the bin!! Haha And Im learning all of it properly from start with your videos. And I must say it's really straight forward coming from you. Im starting on building a strategy myself and really happy with the effects. I would have a question for you though, but still have some videos ahead of me - so will check what's in there ;) Congrats on opening the eyes of all of us and sharpening our discipline - in and outside of forex. Cheers !! Greetings from Poland!

[@markcarandang2225]

Sucks when your time gets wasted because of all these hooplas around us traders 😂😅

[@reasonforge9997]

The FXCM platform's DOM feature used to remind me of Las Vegas slot machines for some reason...makes me think that a lot of the broker industry just wants retail traders addicted to the excitement.

[@BM-yl4bv]

Best day of the week 😂🙏🏾

[@BM-yl4bv]

Apart from Thursday**

[@debbiedoesanything1976]

Yesss

[@thecanadianwill]

VP dont tell me not to go to conferences! I like going to Zoo's to watch all the animals.

[@Darthrtrader]

I'm sitting here listening to this and I am perplexed. It's like you're inside my head bro. Freaky.......

[@itsmeloisogang]

Go get it!!

[@KamoMokoena.]

i have good system now, i combined over the weekend

[@Mrcool179]

Nice man! I'm starting out right now. How many indicators do you use?

[@PropTrading]

VP, I have listened to your videos and read the blog but don't recall (my apology if I missed it or forget) discussion of issues with possibility of Over-Optimizing indicators when backtesting... if it exists then proper forward-testing will catch it most of the time, but can save a lot of time and misery if over-optimizing can be avoided/minimized in the development of indicators/algos. Perhaps a discussion of your thoughts ? in any event, Thanks again.

[@NoNonsenseForex]

Maybe down the road, but I want everyone to have the things they need first. We're still a ways away from that.

[@NoNonsenseForex]

If it's giving you one trade a year, you probably need to adjust the settings. ;-)

[@t-reximmaculate0879]

❤️❤️❤️

[@gatwirig]

💙

[@mohamedabdelnaeemahmadgad7282]

2020 End of year anomaly brought me here

[@Momen.Medhat.Official]

[@leewilliams6058]

👍

[@nathanmillan9538]

YOU DO NOT answer all questions...I sent A question 5 weeks ago yes with the correct email address and only one...Have checked Junk email also.NO Reply...

[@NoNonsenseForex]

Please resend

[@tyronlangton465]

🇿🇦

[@ruthryan9173]

What proof do you have that you are the fastest growing training podcast on the internet

[@albertsaxen8309]

.. so let’s parse this a little bit; stocks traders can use TA; *institutional no there..fundamental (and if, should you ever mention technicals ..oo.. ) now, Elliott, fibo ..cool; no issues here. ..but the MTA :s I mean trend lines, overbought oscillators fine but they have dwelled into some mysticism there .. why would the organizers be upset..don't they want traders to succeed ..well, if it's a huckster, charlatan, scammer..conman paradise .. I didn’t go but did attend virtually with my firm and holy..is it shit .. The CMT symposium in NY is different however; sets the tone for the industry..ppl like Jerry Parker, et al.

[@leoneldelarosa1767]

What’s going on with you lately man? You doing the same thing over and over! I been waiting for something different

[@reesereese6510]

I like your podcast but why you talk bad about other products and services to bring yours up? There is no reason unless you got a vetted interest seems a little jealous or bad energy. SELL your product and services and abilities and if they are good people will buy into you. We are not buying into all these channels that just talk bad about the other channel makes no sense. Nobody came to listen to that

[@larry.m.burris8914]

Awesome video you got there, but this is just a repetition.

[@HardKillaz]

I learned a whole lot from this one