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The REAL Traders Video Journal, 3-5% per month as a US trader

  • #661
  • Sep 22, 2017 9:14pm Sep 22, 2017 9:14pm
Ryan, it takes a lot of courage to acknowledge your losses and to admit that mistakes were made.
My belief is that you will come out a lot stronger in the end. Hang in there!
  • #662
  • Sep 23, 2017 7:32am Sep 23, 2017 7:32am
Quoting Cubbybgood
Today's video. I was hit with losses today unfortunately. -32% at LMFX -14% on Robert's account 20% on my personal account. Yes, it hurts. Mistakes were made. It's been a long while since I've made some big mistakes. November 2016 was really the last time. I've gone 10 months without losses and was finally hit today. Robert's account was very difficult knowing how to manage the DD and didn't have a clear plan. Since this was the first time I really experienced heavier DD on this account, I now know how to better handle it in the future. I have some...
Thanks for your thoughts even after being hit by losses! This part is tough but it is also part of the very essence of this strategy and I am shure you will find out what needs to be done (if anything at all). Looking forward to that!
  • #663
  • Sep 23, 2017 3:29pm Sep 23, 2017 3:29pm
Fair play for having the minerals to put up your video when I'm sure what you wanted to do was curl up in a corner.

I understand exactly where you are because I trade a similar way to you and had over 14 months of solid 3-5% gains....and then one morning (in the middle of the night actually) the GBP flash crash occurred and I was at 4:1 leverage Long GBP.

Trading counter trend is a tough gig and in my experience the only way to play the game is trading Unleveraged or keep under 3:1 and perhaps have a hard stop around 5% drawdown.

It will be a challenge to deliver monthly profits above 3% using this model but if you can keep drawdown under 5% and deliver 1% or more a month you will become investable and fulfil your ambition of trading for a living.

Its not over, it's a set back and you can easily come back BUT you are human and have taken a bit of a kicking so have a bit of downtime first. Re engineer the money management and come back stronger.
  • #664
  • Sep 24, 2017 4:11am Sep 24, 2017 4:11am
Quoting Cubbybgood
Today's video. I was hit with losses today unfortunately. -32% at LMFX -14% on Robert's account 20% on my personal account. Yes, it hurts. Mistakes were made. It's been a long while since I've made some big mistakes. November 2016 was really the last time. I've gone 10 months without losses and was finally hit today. Robert's account was very difficult knowing how to manage the DD and didn't have a clear plan. Since this was the first time I really experienced heavier DD on this account, I now know how to better handle it in the future. I have some...
Hi Ryan,

Thank you for being so open about your Trading it's a very rare thing to see.

As I have stated in the past, what I have learned from your way of Trading is not to get too fixated with R:R and the benefits of entering from a Grid when applied with strict boundaries in place.

I took a (-18%) hit on my account but Net it was only (-6%) I was only using a small % of my total Bank to try your method of Trading so not too much damage done.

I'm going to take what I have learned here and apply it to Daily Charts.

The reason for the Daily TF is down to work commitments.

The important thing is to learn from our experiences, good or bad, and apply them in a positive way going forward to our Trading.
  • #665
  • Sep 24, 2017 5:33am Sep 24, 2017 5:33am
Hey dear

Thanks for your honest video. I know how you feel when making mistakes and losing big. Trust me. It really hurts. Especially with other people's money.

You know, a couple of weeks ago I think you mentioned in one of your videos you were close to taking a 10 lot short trade of the gbp/cad just before the rate announcement. You had the trade panel open with the lots entered. This was a kind of yellow flag for me. Your system should be either strictly mechanical or you should switch to discretionary trading.

You sound like you have plenty of screen time and experience but in my view, perhaps you should work on your emotions. Don't care too much about what people think, if they criticize or whatever. Don't place responsibility on your viewers or your broker. This is your life, you make the decisions. Maybe ask yourself, why are you putting yourself out there? Is it for the attention, to attract capital, personal branding? I like you, you seem like a nice guy. But take care and be honest with the misses. She deserves the best version of you.

Hugs
  • #666
  • Sep 24, 2017 6:15am Sep 24, 2017 6:15am
guys, if you dont mind, i would like to share a thought here.

just yesterday i got on an ignore list because of this post:
"
Quoting Landline
I've just seen a Cubbybgood post which brings into sharp focus the pitfalls of gridding that I discussed here in posts 14, 16 and 25. As anyone reading this will know, I am not a fan of that style of trading, but having said that, I applaud Cubby for his openness at least. He has said that he now plans to rein in the potential risk in future and cap it at 6% (I think). That's a start, and hopefully, as he has said, he intends to re-evaluate what he is doing over the week-end. I hope that includes all aspects of his trading, and not just the numbers....disciplines...

profitfarmer wrote:
what i really enjoy about Cubbybgood's way is the full openness, including showing myfxbook (TE is similar), and with that the full picture, good or bad, not half said truth, or selected entries, that without it could be done, and could slip."

to be clear, i dont give shit about being on someone ignore list.
but i feel the point perfectly apply to move it over to this thread too...
yes, Ryan had lost money, happens.
yes, probably things need to be adjusted a little, something he already said he is working on.
BUT
lots of you guys coming here with fantastic hindsight thoughts to do this, and if he would do that, and bla bla bla, helps little to none.
while all so loud to applaud Ryan for his transparency, and his gains, just as quick to give smart comments when things a little going South.
only kindly asking based on what?
because few if any bother to so a wee bit of similar transparency as Ryan does to back up his words with meaning!
no intention to hurt anyone's feeling, but sometimes it is time to fact the truth too.
Ryan had. Including showing his impulse revenge trade. Few would probably.

I think if one cant show something to stay behind his words, the best to stay quietly on the sideline, and let Ryan figure out his own adjustments.
it is just so very easy to say smart things after the events...

again, sorry if i hurt some feelings or egos.
those hurt feel free to pile in to cheer for my loss when it will happen, and probably will.

happy weekend!
there is always, always another trade!!
  • #667
  • Sep 24, 2017 8:27am Sep 24, 2017 8:27am
i don't have the experience with trading quite that much money, but if you are making 3-5% a month ( i have no idea how much you risk / trade) but i feel like after 12 years you should be working out a way to change the way you trade, for the experience it seems your method is not very efficient :l
  • #668
  • Sep 24, 2017 11:06am Sep 24, 2017 11:06am
Quoting profitfarmer
guys, if you dont mind, i would like to share a thought here. just yesterday i got on an ignore list because of this post: " Quoting Landline I've just seen a Cubbybgood post which brings into sharp focus the pitfalls of gridding that I discussed here in posts 14, 16 and 25. As anyone reading this will know, I am not a fan of that style of trading, but having said that, I applaud Cubby for his openness at least. He has said that he now plans to rein in the potential...

I would not worry about anything landline says or does..... Landline is what I call a tunnel vision trader---- if he cant do it, no one can... landline does not seem to understand that just because he cant trade a specific style of trading system does not mean that it does not work for others. He seems to think his mission is to save the up and coming traders from the evils of the trading systems that do not work for HIM. This is why I call him a tunnel vision trader...... I think this attitude changes with time --- and with time comes experience ----- some people cant see beyond there tunnel vision mindset and cant understand this is there own projection of reality.... Yes I saw landlines post that you refer to and landline was very quick to criticize and this did not surprise me at all....I wanted to respond but -- I had to sit on my hands for it was on his thread and felt I should stay out of this --but stating it here is appropriate.
Live today like theres no tomorrow-- Prioritize like you will die today
  • #669
  • Sep 24, 2017 11:24am Sep 24, 2017 11:24am
Quoting iamsovereign
{quote} I would not worry about anything landline says or does..... Landline is what I call a tunnel vision trader---- if he cant do it, no one can... landline does not seem to understand that just because he cant trade a specific style of trading system does not mean that it does not work for others. He seems to think his mission is to save the up and coming traders from the evils of the trading systems that do not work for HIM. This is why I call him a tunnel vision trader...... I think this attitude changes with time --- and with time comes experience...
thanks.
it wasnt about landline person per se,
rather a general view that suddenly, once again, lots of ppl got great ideas what should have been done, yet about near zero has something transparently show that their "wisdom" is based on anything than hypothetical, hindsight, and at best some random live trading.

landline is only an example, with his thread opened to counter so called FantasyTraders, only to show him being one, with least randomly include entries, but never include all.
so, yeah. transparency.
so easy. yet so difficult it seem to do.
there is always, always another trade!!
  • #670
  • Sep 24, 2017 12:27pm Sep 24, 2017 12:27pm
Ryan,

Focus up and keep grinding!
"All the money is made between the lines"
  • #671
  • Sep 25, 2017 6:54am Sep 25, 2017 6:54am
Ryan
The raw truth of trading. Win some..loose some while trying to keep an upward equity curve.
Congrats on you job, your focus is really inspiring.

  • #672
  • Sep 25, 2017 8:58am Sep 25, 2017 8:58am
Thanks for all the positivity guys! I'm so grateful!

New video!

-I recovered 15% of my -20% Friday loss on my personal account. I did this with a few manual and a couple EA trades.
-More about my plan moving forward.
-Trading the NZD Cash Rate on Wednesday?
-My Cat's in the ER. $6k in fees??

Inserted Video
  • #673
  • Sep 25, 2017 9:31am Sep 25, 2017 9:31am
@Ryan
Welcome back and pleased to hear that you recovered almost all of your losses on your personal account.
I'll watch the video tonight because I'm curious to know how you recovered 15%.
Thanks
  • #674
  • Sep 25, 2017 12:32pm Sep 25, 2017 12:32pm
Quoting Cubbybgood
Thanks for all the positivity guys! I'm so grateful! New video! -I recovered 15% of my -20% Friday loss on my personal account. I did this with a few manual and a couple EA trades. -More about my plan moving forward. -Trading the NZD Cash Rate on Wednesday? -My Cat's in the ER. $6k in fees?? https://www.youtube.com/watch?v=ZAiM...ature=youtu.be
Ryan,

So glad to hear you've recovered most of your losses but really sad to learn that your cat is in ER. Hope he/she recovers quickly:-)
  • #675
  • Sep 25, 2017 5:14pm Sep 25, 2017 5:14pm
[quote=Cubbybgood;I was hit with losses today unfortunately. [/quote]

This is refreshing honesty, all the best to you.
  • #676
  • Edited 3:37pm Sep 26, 2017 2:44pm | Edited 3:37pm
New Video!

-Officially made my 20% loss back over the last 48 hours.

-I show you how I made the 20% back even though I find it embarrassing. It doesn't usually work out fixing a mistake with more potential mistakes. I got lucky and know it. Time to move on and go back to standard trading. I'm ready!

-Tomorrow NZD cash rate trade. I'm doing a live stream at 3:50 pm to potentially take the trade live! This will be recorded as well.

Inserted Video
  • #677
  • Sep 27, 2017 3:39am Sep 27, 2017 3:39am
Hi all. Watching this carefully.Almost +50
And hit
Attached Image
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Trade with 60
  • #678
  • Sep 27, 2017 5:31am Sep 27, 2017 5:31am
What's up ryan, I thought I write my thoughts on the situation here since this is your thread where you are most active.

I think it's very unfortunate you took a hit right at the top, it does indeed seem a bit weird that right on the pip it was when all trades were closed. It could be a pure random event. I always tell you keep working on your entry and direction and timing. These are just a few things I found to be important when trading a strategy like yours. In the future I wish you more good luck and if you have any questions you can hit me up on skype as usual.

Good luck and keep it up.
  • #679
  • Sep 27, 2017 6:59am Sep 27, 2017 6:59am
Applaud for the recovery.
But not by recovery with big deviation from system.
I know you know it is wrong, yet with the success it is all tempting to do it again, or deviate more often.
Cant say it was surprise, when the before last video already mentioned that recovered most, it was clear how, without hearing.
Waiting to see how the evolved new entry system will work out, and hope that equity stop will reduce the need to go rouge on yourself, as in case this high risk tactic doesnt pay, it can spiral down very quickly. Telling this from my own experience of course! Been there, down that, like many others.
there is always, always another trade!!
  • #680
  • Edited 2:07pm Sep 27, 2017 1:48pm | Edited 2:07pm
I will be going live today at 3:45pm EST today. Just 15 minutes before the NZD cash rate. I will be giving a quick update on my trades today and also talk about the short position I may be taking on the NZDUSD and why.

If you would like to tune in, click my live stream link below.

This session will also be recorded for those that can't tune in. I know it's an awkward time. Sorry.

https://www.youtube.com/user/cubbybgood/live

(Earlier link I posted was not correct. The one above is.)
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