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My way to highway

  • #381
  • Nov 27, 2017 3:58pm Nov 27, 2017 3:58pm
Quoting Kxeroo
Quoting profitfarmer
if someone interested to try some prop trading, Psyquation and AxiTrader now launching their program. generally with 1000$ and a couple months track record you can build there, you can get access to up to 150.000$ funds to manage on a 20% fee bases. right it is not 70%... but it isnt 10-40k neither the bonus: there is no fee to pay to start out, or to get funded, no demo hoops to jump, no upfront 100s of $ to fork out. and offer transparency. there is a score requirement, that isnt too difficult to comply with.
...
Axi:
i had Psy tracking my trading for a while. so, when Axi bought them out a short while back, they kind a liked my trading and got invited to try them out.
( i trade with IC Markets as my main broker).
Generally the spread is OK, and for commission i got offered a very appealing 5$/lot from them, without needing of IB, instant reduction. They cover the fees on the deposit too.
My result vary a little, usually on Axi i get a little fewer pips ( maybe part of the copying i do), but get 10% lower commission to pay than on IC (there i pay 5.5$/lot)...so, sort of even.

Can one go beyond 150k?
To answer this, i got the connection to Fixi via Psyquation, ( that time Fixi wasnt advertising FixiSelect yet) with 250k to manage in some prop arrangement, you can read about in this journal if adventurous enough to flip back few pages, maybe to September.
I also gained another contact from Psy, to an IB, that also connect me up with some capital.
And there is more, i keep hearing opportunities. Even if some doesnt want to believe it. Your opportunities only would depend on your results, and the sky is the limit
there is always, always another trade!!
  • #382
  • Nov 27, 2017 4:05pm Nov 27, 2017 4:05pm
I tried last week with an account of 3d old, <40 trades ... small dd ... 82 score ... but ok, it was a test.
Far far being there but it is said that the found allocation is established by a committee ... therefore, is not guarantee founding if comply x/y/z apply rules.

Are you following the alerts recommendations?

Kxeroo, you can trade with almost any broker, not even a partner.
  • #383
  • Nov 27, 2017 4:10pm Nov 27, 2017 4:10pm
Quoting aa4fx
I tried last week with an account of 3d old, <40 trades ... small dd ... 82 score ... but ok, it was a test. Far far being there but it is said that the found allocation is established by a committee ... therefore, is not guarantee founding fix comply x/y/z apply rules. Are you following the alerts recommendations? Kxeroo, you can trade with almost any broker, not even a partner.
a committee, yes. but you can talk to some of those members, like Micheal, the CEO of Psy....
i just had a chat with him today.
trust me, they are looking to fund traders, and the takeaway from the talk was, there is lot more money lining up that then 1.5 million mentioned

to join Psy, you can use any broker account.
to get allocation, there preference is Axi....the simple reason cos Axi owns Psy now, as i said in the last post.

about the score:
it starts out high usually. it rarely stays high too long
the alerts, a nice little game. if my time permits. i trade for profits, not alerts box to tick. if i still get an acceptable score with "risky" scalping, it is possible to do fine for virtually anyone.
there is always, always another trade!!
  • #384
  • Nov 28, 2017 1:23am Nov 28, 2017 1:23am
Quoting profitfarmer
{quote} a committee, yes. but you can talk to some of those members, like Micheal, the CEO of Psy.... i just had a chat with him today. trust me, they are looking to fund traders, and the takeaway from the talk was, there is lot more money lining up that then 1.5 million mentioned to join Psy, you can use any broker account. to get allocation, there preference is Axi....the simple reason cos Axi owns Psy now, as i said in the last post. about the score: it starts out high usually. it rarely stays high too long the alerts, a nice little...

That's very informative indeed and useful to many traders. I just had a quick look to psyquation and I must say it is a revolutionary product which may transform a trader to be a better one. I really thank you to put up such information and share with us.
  • #385
  • Nov 30, 2017 1:06pm Nov 30, 2017 1:06pm
End of November.

While it fell short a little from the October result, the month ended +9.05% on the master account.
Without major incidents, and more importantly without a losing day! Again!
I have no illusion, i will catch one sooner or later again, and i have no illusion that there is few who really want to see it.
For them, it must be truly disappointing the long wait, since the last losing day was 14th Sept.
So, account is compounding nicely. Made some withdrawals, and probably will keep adjusting the account for the upcoming months as profit allows, now that generally i hiy the 'zone' i wanted my equity in the beginning of the journal. It will slowly grow still, that just makes too much sense, but not with the same speed as the past 3-4 months had.
December will be a shorter trading month, but looking forward to see how it goes.

happy trading!
Attached Image (click to enlarge)
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there is always, always another trade!!
  • #386
  • Nov 30, 2017 3:51pm Nov 30, 2017 3:51pm
Only one thing to say profitfarmer: awesome results, keep it up.

Good luck for December and happy trading.

Cheers,
J-F
  • #387
  • Nov 30, 2017 4:58pm Nov 30, 2017 4:58pm
Congrats on another month of profit

One question. From that chart you posted I would say that your trading style has changed a bit over time. What were you doing differently in the first months?
  • #388
  • Nov 30, 2017 5:53pm Nov 30, 2017 5:53pm
Quoting profitfarmer
End of November. without a losing day! i have no illusion that there is few who really want to see it. For them, it must be truly disappointing the long wait, since the last losing day was 14th Sept.
Ah, the longs vs the shorts, the Ying vs the Yang, the Black vs White (with infinite shades of greys in between), the Positive minded vs the Naysayers, ...

I personally think it's sad that there are "frustrated" vindicative spectators wanting to (see you) "tear your playhouse down".

Inserted Video


Quoting profitfarmer
So, account is compounding nicely. Made some withdrawals, and probably will keep adjusting the account for the upcoming months as profit allows, now that generally i hiy the 'zone' i wanted my equity in the beginning of the journal.
Here's a real black and white situation: you trade counter trend, I only trade with the trend.
In essence, I take a short and you take a long.
In spite of having totally opposite strategies, I would never ever wish you, nor any fellow trader to have a losing day.
IMHO it's an attitude that sucks. I consider my fellow traders as "Brothers in Arms".

So, taking a sample of the track "tear your playhouse down" and re-sampling it into something more positive...

Just keep on "doin' it" !
Compound nicely and steadily !!!

Inserted Video


Happy trading,
LuXing
Wisdom begins in wonder
  • #389
  • Nov 30, 2017 6:19pm Nov 30, 2017 6:19pm
Quoting profitfarmer
End of November. While it fell short a little from the October result, the month ended +9.05% on the master account. Without major incidents, and more importantly without a losing day! Again! I have no illusion, i will catch one sooner or later again, and i have no illusion that there is few who really want to see it. For them, it must be truly disappointing the long wait, since the last losing day was 14th Sept. So, account is compounding nicely. Made some withdrawals, and probably will keep adjusting the account for the upcoming months as profit...
I am genuinely happy to see you doing well and keeping up the consistency. When I see something like this I say to myself I want mine to look like this someday. I'm sure people who look up to you and your performance outnumbers the few bad apples.

9% a month may not sound much to someone who's making 200% per month and losing 1000% the next month, but making that 9% consistently and ending up with 134% for the year just goes to show consistency beats momentary exponential gains, hands down.
...
  • #390
  • Nov 30, 2017 8:05pm Nov 30, 2017 8:05pm
Quoting Sandude
Congrats on another month of profit One question. From that chart you posted I would say that your trading style has changed a bit over time. What were you doing differently in the first months?
the early months was not full time, but with a job. had longer holding times.
with time at PC not the issue, the scalping creates a smoother result, and with more control over the 'action'. my take was and is, that the less exposure ( time in open trades) to the market, the better most of the time, because unexpected things can and do happen.

that said, there is some behind the stages work on adding a system#2, that will carry more the swing elements.
i am doing some "random" manual backtests on pairs, the results are promising.
these are some raw examples only, a proof of concept of sort. the numbers in time can be scaled to correspond with my usual -10% equity stop numbers, or something near. the targeted result is 3-10% monthly return.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpAud grid manual backtest 03.08-28.11. 2017.png Size: 19 KB
Click to Enlarge Name: manual test1.png Size: 19 KB
there is always, always another trade!!
  • #391
  • Nov 30, 2017 8:39pm Nov 30, 2017 8:39pm
Quoting Piquant
{quote} I am genuinely happy to see you doing well and keeping up the consistency. When I see something like this I say to myself I want mine to look like this someday. I'm sure people who look up to you and your performance outnumbers the few bad apples. 9% a month may not sound much to someone who's making 200% per month and losing 1000% the next month, but making that 9% consistently and ending up with 134% for the year just goes to show consistency beats momentary exponential gains, hands down.
thanks for the comment.
the %age gain is an important aspect for a trader, but something that only shows the part of a picture without considering 2 other numbers...

for me, the first to consider along is drawdown, which in this case is not dragged around, and even the worst working drawdown was far less for the period than the profit.

the second number to consider along is the equity. for many it is a hope to make 3 digit returns on a 2-3 digit account. since the master alone returned nearly enough for my living cost to be paid, that 9% worth more $$, than many 20-300% monthly gain worth if made with just a small account.

for bonus, here is an example, that i am not showing much, cos the master is kept for a consistency...
i think in September i did mention that i had split then master's equity then, and trade that with a higher personal risk, at 2x risk multiplier.
as a note, i have some who copy the trades even at 4x risk, though that is high for my risk appetite, the numbers work out. the single reason they do it the drawdown.
and while looking at the numbers in the examples, i kindly urge all readers to think and see things thru with that very important aspect: the drawdown!!

if the drawdown is low, and risk kept low, things can be resized for a higher ( yet still comfortable risk), and tailored to bring in a still safe, but larger return in turn.
but one doesnt have to depend on it, the system doesnt have to be a must make 20% a month aspect!
believe me, with enough equity a single digit return is plenty enough.
things always need to be looked in the right context: for me, the context is that the current 1 yr bond pays about 2%/yr....how is the 9% measure to it? how is compounding can change that? is a single digit% gain pay make me enough to pay the my bills? does it make enough to replace my old salaried job?

but here is some 'other' numbers for those who can only think in double digits
must mention that i am moving around some funds, sometimes to an extent from both, so the histogram wont 100% correspond the master.
please look at these numbers only as motivation! this is a higher risk account, as at 2x multiplier both the risk and the reward get multiplied. ( max allowed dd -20%).
of course the past 2.5 month i had remarkable low max working drawdown and the gains outpaced already a possible equity stop impact.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nov2 myfxbok.png Size: 112 KB
Click to Enlarge Name: histomyfx.png Size: 23 KB
there is always, always another trade!!
  • #392
  • Dec 1, 2017 6:58am Dec 1, 2017 6:58am
Quoting profitfarmer
{quote} the early months was not full time, but with a job. had longer holding times. with time at PC not the issue, the scalping creates a smoother result, and with more control over the 'action'. my take was and is, that the less exposure ( time in open trades) to the market, the better most of the time, because unexpected things can and do happen. that said, there is some behind the stages work on adding a system#2, that will carry more the swing elements. i am doing some "random" manual backtests on pairs, the results are promising. these are...
What is the trade account/trade volume ratio? 10k account trading with trades of 0.01 or 0.01 lot?
  • #393
  • Dec 1, 2017 8:28am Dec 1, 2017 8:28am
Quoting aa4fx
{quote} What is the trade account/trade volume ratio? 10k account trading with trades of 0.01 or 0.01 lot?
the test ran with simple 0.01 lots.
there is always, always another trade!!
  • #394
  • Dec 1, 2017 8:31am Dec 1, 2017 8:31am
Quoting LuXing
{quote} Ah, the longs vs the shorts, the Ying vs the Yang, the Black vs White (with infinite shades of greys in between), the Positive minded vs the Naysayers, ... I personally think it's sad that there are "frustrated" vindicative spectators wanting to (see you) "tear your playhouse down". https://www.youtube.com/watch?v=zwoKq6HPwkE {quote} Here's a real black and white situation: you trade counter trend, I only trade with the trend. In essence, I take a short and you take a long. In spite of having totally opposite strategies, I would...
How old are you, 90? (Just kidding)
Nice reply btw.
NaviHH
NaviManual All Time Return: 202.0%
  • #395
  • Dec 1, 2017 10:38am Dec 1, 2017 10:38am
I am a little confused, is it 1st Dec or 1st April today....
cos i got fooled, by the Canadian dollar.
yes, some loss was expected to happen, though i was not thinking to get so early in the month.
now i have a bunch of confused investors dont know what to do.
the day started good, and maybe likely should ended good too...then entered to the picture EurCad.
CAD pairs are tricky, and today was the typical vertical and then 45 degree fall....
i was right on the expectations, but wrong on the timing!!
it did all as usually do, fell vertical, fell 45 degree, and recovered sharp....all good....only it did without me.
as unfortunate, the -10% equity SL was about to kick in, and i honoured it, even though i sure wanted to hold on, to what i felt is the final shakeout.
it was, and it had shaled me out. of course, this is afterfact, it could go even lower...
and i had some rules in place. like the equity SL!
of course has some disappointment, as it happened to hit me from right at HWM, thus the most to lose on it. not that it is ever fun.
obviously i am down for the month. if someone wonders, i was up some, and also made back a little after, thus the damage is -7.5% on the master.
would lie if it doesnt break my heard to see the price now 20 pips into profit zone beyond my breakeven point...and seeing the red numbers.
but somewhat lucky, tomorrow is weekend, and i cant and wont be tempted to trade heavier, or push too hard to make back the loss.

so, the no losing day sequence is broken.
but the loss along some headaches also give a new goal, that is to get back to HWM.
with the shorter month of December trading is not too likely, but i am not in a particular rush.

happy trading!
there is always, always another trade!!
  • #396
  • Dec 1, 2017 11:07am Dec 1, 2017 11:07am
Quoting profitfarmer
I am a little confused, is it 1st Dec or 1st April today.... cos i got fooled, by the Canadian dollar. yes, some loss was expected to happen, though i was not thinking to get so early in the month. now i have a bunch of confused investors dont know what to do. the day started good, and maybe likely should ended good too...then entered to the picture EurCad. CAD pairs are tricky, and today was the typical vertical and then 45 degree fall.... i was right on the expectations, but wrong on the timing!! it did all as usually do, fell vertical, fell 45...
I dont know about your investors but people watching your trades here have faith in you and know that you will recover sooner or later. You have can loose a battle but you sure will win the war. Loosing is not too bad.. shakes you. Reminds you certain things. And if Real Madrid and Barcelona can loose so we can. Dont worry about confused investors tgey will see another 38 weeks amazing run next year. As the wise man says; "there is always another trade"
  • #397
  • Dec 1, 2017 11:11am Dec 1, 2017 11:11am
Quoting profitfarmer
I am a little confused, is it 1st Dec or 1st April today.... cos i got fooled, by the Canadian dollar. yes, some loss was expected to happen, though i was not thinking to get so early in the month. now i have a bunch of confused investors dont know what to do. the day started good, and maybe likely should ended good too...then entered to the picture EurCad. CAD pairs are tricky, and today was the typical vertical and then 45 degree fall.... i was right on the expectations, but wrong on the timing!! it did all as usually do, fell vertical, fell 45...
I'm not happy that you got -7,5% hit today, but i'm happy that you had the mental strenght to stick to your -10% DD-rule (thumbs up). Personally i would rather take a big hit right in the beginning of the month, than end of it. Now you can start to slowly recover what is lost and possibly gain few % more before the month ends. After that you can be proud of yourself and be more confident being calm and sticking to your DD-rules when facing similar event in the future.
  • #398
  • Dec 1, 2017 11:23am Dec 1, 2017 11:23am
Quoting Tomi-FIN
{quote} I'm not happy that you got -7,5% hit today, but i'm happy that you had the mental strenght to stick to your -10% DD-rule (thumbs up). Personally i would rather take a big hit right in the beginning of the month, than end of it. Now you can start to slowly recover what is lost and possibly gain few % more before the month ends. After that you can be proud of yourself and be more confident being calm and sticking to your DD-rules when facing similar event in the future.
hi Tomi-FIN,

thanks for the comment.
it is an interesting take, so, lets analyse a little bit, and add my thoughts to it...

yes, it sure takes some mental strength to close all, when i truly believe it is the final push and at the turning point...i have few rules, but this is one strong one, EQUITY SL!
i trade somewhat risky fashion, this rule is there to single handily limit the possible damage, and not let the account to move on deep into red.
however strong i feel about a set up, if i could be wrong to get to -10%, i can be wrong to get to -50% too,,,,something better to avoid!

it is really never good to take a loss, but i rather have it later in the month.
as the case today, i was right at HWM from last month, and the -10% hit me the hardest.
a few days or weeks into the month, i have more profit to offset this day, and usually toward the end of the month, a trade like this wont let to run my whole month into red....ie. if i am up 7%, i would probably cut all at around 6-6.5%...and secure an up month.
not only for the stat, but cos likely would want to withdraw something end of the month.

yes, i am proud of myself to stick to the DD rule. havent had to use this for a long time.


Quoting Kxeroo
{quote} I dont know about your investors but people watching your trades here have faith in you and know that you will recover sooner or later. You have can loose a battle but you sure will win the war. Loosing is not too bad.. shakes you. Reminds you certain things. And if Real Madrid and Barcelona can loose so we can. Dont worry about confused investors tgey will see another 38 weeks amazing run next year. As the wise man says; "there is always another trade"
Hi Kxeroo,
indeed, you are right, there is always another trade...not sure who said that!

i am quite comfident i will recover this loss, little by little, probably around January.
on of the reason that using -10% is that it takes approx +11% equity gains to recover that loss.
i will start next week fresh, and will see to that recovery.
there is always, always another trade!!
  • #399
  • Dec 1, 2017 12:26pm Dec 1, 2017 12:26pm
forget in last post, so, the result and current standing for those more visual type.
Attached Image (click to enlarge)
Click to Enlarge Name: loss 01.12..png Size: 70 KB
there is always, always another trade!!
  • #400
  • Dec 1, 2017 1:15pm Dec 1, 2017 1:15pm
The first stop trade at % dd was more than enough to believe that you trade with this approach, no need for such event to repeat. More than that, as this is not a trading skills show ... I am really sorry for your loss!
Sometime it can retrace and bigger is the pain of why not staying for another 1% more dd ... or it can go very wrong ... an example was few days ago!

I see you are doing the SL manually, maybe you should put this functionality in an EA / VPS as when the planets are aligned against you there is still a warrior somewhere hidden to mess up the bad plans.

Since it was mention that your trading style has change, I noticed something lately. It seams to me that you started to grid / add new trades faster than your're doing weeks before. It might be that you look to be out even before you're in .. or is due to your strategy.
Since you mentioned that the new added trades are based on feeling, is in this deep feelings:
- the pip value taken in consideration? in an usd account eurcad has a 0.78$ / pip / 0.1 lot where gbpjpy has a 0.89$ / pip / 0.1 lot. I mention this two pairs as them were the master SL triggers.
- are you taken in consideration the pair ability to move in time? is quite visible that gbpjpy moves faster then eurcad and much faster then usdchf for eg. On the last master sl cut the grid was wider.

Good luck with the next trades and thank you for your transparency!
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