The Thief of Wall Street
CoG + Ultra Trend System 151 replies
S&P 500 - Indeed, Low volatility isn't here to stay (Part 2) 0 replies
FX Ultra Trend: is it any good? 8 replies
Brain teaser 1: Is it possible to turn a losing system into profitable one? 44 replies
DislikedChicky: Colours changed?
Update: I have just closed almost everything at 1.29595.
I really need to be more disciplined with my entries. For now it has been very choppy. I mean my entries was not 'tight'. I am out of sync with the market. I need to be more accurate with my entries.Ignored
Disliked"more accurate" is the right term.
Because of the nature of trading, it is almost impossible to have a consistent rate of return, it will remain somewhat choppy but these chops should not cross pre-defined bounds.Ignored
DislikedI should be more careful next time as the "too big" drawdowns i had was totally unnecessary..plus i intend to make significant profits out of the account..If i have a bigger account lets say 10m..i would probably trade with lesser risk.Ignored
DislikedThis is how I think. Thing that most happens is a sudden up or down move and then the retrace, normally 50% retrace.
Now if one's sls are tight, this move could either be in favor or against. If in favor, good. But if not, a second try and a third one or even a fourth one. You may lose lets say 5 pips per lost trade, but re-enter when pa covers 10 to 15 pips against your direction. Now if it retraces 50% from whatever level, you are back at BE. The only thing is how many tries you can afford and how many you miss out.
If you want to restict...Ignored
DislikedI opened some stupid positions..at the moment...its night here(i need to sleep) and i should not have opened it because london has closed and the market is not really moving...Ignored
DislikedHey Supertrader,
I was obviously impressed by how you doubled your original demo account, and this live account seems to be heading in the same direction. I wish you all the best with it. It certainly is inspiring to see someone building their account in a structured way.
I was wondering if you would be willing to shed some light on how you trade and how you see the market? So you trade naked charts? Looking for tight entries at supply and demand zones and then leave it run for big winners?
If you consider your system private that's cool...Ignored
DislikedGreat job bro! Stay focused. For a brief second you made your balance public. Shouldn't you be on the October leaderboard?Ignored