You win some you loose some do both with peace of mind
- #1,029
- Nov 26, 2018 11:12am Nov 26, 2018 11:12am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
Hi Pf, I not sure if I should private message or post here. I Had a few question on increasing capital. If you are able to consistently profit on little percentage gain. I think you had a strategy and why not up the ante Percentage. Example, I start with a capital 10000dollars, if I can successfully gain profit of 0.5% and in this case 50 dollars. If I want to gain 100 dollars, I don't really need to adjust my capital to 20000dollars is it. Or normally how to go about it... Or slowly feel the way up.. Hope u understand and can help me on this. Thanks...
if you are trading for yourself only, then in theory that is all OK.
what to keep in mind is that it isnt about the profit what one need to scale, but rather the (max or max tolerable) drawdown numbers!
as for the capital,
if you are doing the things right, it will consistently grow in an organic way, and thus the monthly average return will reflect that in $$$ terms.
of course,
alternatively,
given you doing the right thing, it would be just natural that if you have more funds you would like to add that to the rest at your disposal too ( of course, while still keeping some diversification! between other assets too), and benefit.
and ideally, at some point, your profit meets and exceeds all your average monthly expenses.
at that point, you can say you are cruising the 'highway'.
there is always, always another trade!!
- #1,031
- Nov 26, 2018 1:21pm Nov 26, 2018 1:21pm
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #1,033
- Dec 3, 2018 5:30am Dec 3, 2018 5:30am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
Hi Pf, Been a while for me not dropping into FF, ..... does me good not to get distracted in my method by all the different strategies and indicators that fly around. Good to see you are still there, keeping to the strategy Keep it up, keep up the posts and have a good end of year :-)
always welcome to drop by. ( and have answered your PM too).
the final 3 weeks of the (trading) year.
this one overall was a bumpy one ( in multiple areas) but i am optimistic that 2019 will be once again a good year. working toward it!
happy trading!
there is always, always another trade!!
- #1,034
- Feb 3, 2019 6:20am Feb 3, 2019 6:20am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
i have noticed that the thread still get some views by traders, so decided to add a post.
2019 has started well.
a lot of pressure is off from me, what was caused by both my father's and father-in-laws sickness toward the end of last year.
unfortunate, but lost both.
however, life is going on.
must trade to make a living, so i am trading.
maybe part due the situation resolved, January was probably my best trading month as full time, in %gains.
but isnt the reason really for the post.
the reason is to reinforce the message to those who take the time to read this thread:
what is outlined in the thread is good, valid info.
it is very important to set a number what one willing to risk as a drawdown, and as humanly possible, religiously keep to it.
with a good approach, the profit will be there most of the days, consistently.
it is the most important to protect the capital on the days when things dont work out, doesnt matter for what reason.
it is also OK not to trade every day; when there is hard to keep focus on trading, the best to stop and take a break, a day, or even days.
also important, when things going well, and good opportunities present to push a bit the limits, a lot easier when the day is already nicely ahead.
if the expectations set up fine, and for example as a trader know what to expect from the approach, the rest is to work on that statistics.
consistency is achievable, and profit can be derived from consistency.
the rest is mindset, controlling the greed, the urge to revenge trade, or just simply has the will to say no to trading on the days when things arent ideal.
it is a constant work, a battle with the feelings, and a search to finding the right mindset for optimal performance.
for those who like pictures, this is the past 10 weeks.
for motivation.
happy trading!
2019 has started well.
a lot of pressure is off from me, what was caused by both my father's and father-in-laws sickness toward the end of last year.
unfortunate, but lost both.
however, life is going on.
must trade to make a living, so i am trading.
maybe part due the situation resolved, January was probably my best trading month as full time, in %gains.
but isnt the reason really for the post.
the reason is to reinforce the message to those who take the time to read this thread:
what is outlined in the thread is good, valid info.
it is very important to set a number what one willing to risk as a drawdown, and as humanly possible, religiously keep to it.
with a good approach, the profit will be there most of the days, consistently.
it is the most important to protect the capital on the days when things dont work out, doesnt matter for what reason.
it is also OK not to trade every day; when there is hard to keep focus on trading, the best to stop and take a break, a day, or even days.
also important, when things going well, and good opportunities present to push a bit the limits, a lot easier when the day is already nicely ahead.
if the expectations set up fine, and for example as a trader know what to expect from the approach, the rest is to work on that statistics.
consistency is achievable, and profit can be derived from consistency.
the rest is mindset, controlling the greed, the urge to revenge trade, or just simply has the will to say no to trading on the days when things arent ideal.
it is a constant work, a battle with the feelings, and a search to finding the right mindset for optimal performance.
for those who like pictures, this is the past 10 weeks.
for motivation.
happy trading!
there is always, always another trade!!
i have noticed that the thread still get some views by traders, so decided to add a post. 2019 has started well. a lot of pressure is off from me, what was caused by both my father's and father-in-laws sickness toward the end of last year. unfortunate, but lost both.
- #1,036
- Feb 4, 2019 6:15pm Feb 4, 2019 6:15pm
i have noticed that the thread still get some views by traders, so decided to add a post. 2019 has started well. a lot of pressure is off from me, what was caused by both my father's and father-in-laws sickness toward the end of last year. unfortunate, but lost both.
Thank yo for showing us the results of someone else´s work, when you could have simply provided us the link to see ourselves. Mmmmmmmm clearly he has something to hide. lol
6ix9ine - Bebe
- #1,037
- Edited Feb 5, 2019 2:03am Feb 4, 2019 9:22pm | Edited Feb 5, 2019 2:03am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #1,038
- Edited 4:40pm Feb 28, 2019 1:14pm | Edited 4:40pm
- Joined Dec 2018 | Status: Trader | 881 Posts
I have been trading my own strategie for some time with different results gaining and then lose disipline and move my stoploss to avoid losses making the losses sometimes huuuge like i did in the beginning of this month
A DD at 53% closing with 35% loss then i came in contact with Profitfarmer and he said i could learn to trade hes way trew skype
And since then i have recovered my 35% loss and added 23% to the account in 2-2 1/2 weeks trading counter trend that all gurus say is a loosing game and bye god they are wrong.
I havent yet to learn all abaut spotting the levels but hes calls is truly amazing going in with a small posision and add on if price is to go againts you more.Even trading against the trend we rearly open more than 1-3 possisions and mostly only one scalps for 3-10 pips in and out bye minutes
Take yesterday on GBP/AUD alone i picked 97 pips trading against a heavy uptrend on the calls made bye him and with the RSI to confirm either OVB ore a divergence
I have also done a transfer of half my profit so i can withdrae if i need to and since we use a equity stoploss of % the loss will be smaller after taking out some profit if hit.
I have read the journal and understood that he is one of the few here trading forex that knows what hes doing and bye this journal as he wrote it he had a TE confirming hes success.So to all that are struggeling read this journal and its all here and practice on demo it is very possible.
Istead of searching for a magic indicator ore someting easy you need to put in some work.,
OK here are the screenshot i cant thank you enough Profitfarmer and cant wait for tomorrow starting a new month with your magic.lol
A DD at 53% closing with 35% loss then i came in contact with Profitfarmer and he said i could learn to trade hes way trew skypeAnd since then i have recovered my 35% loss and added 23% to the account in 2-2 1/2 weeks trading counter trend that all gurus say is a loosing game and bye god they are wrong.
I havent yet to learn all abaut spotting the levels but hes calls is truly amazing going in with a small posision and add on if price is to go againts you more.Even trading against the trend we rearly open more than 1-3 possisions and mostly only one scalps for 3-10 pips in and out bye minutesTake yesterday on GBP/AUD alone i picked 97 pips trading against a heavy uptrend on the calls made bye him and with the RSI to confirm either OVB ore a divergence
I have also done a transfer of half my profit so i can withdrae if i need to and since we use a equity stoploss of % the loss will be smaller after taking out some profit if hit.I have read the journal and understood that he is one of the few here trading forex that knows what hes doing and bye this journal as he wrote it he had a TE confirming hes success.So to all that are struggeling read this journal and its all here and practice on demo it is very possible.
Istead of searching for a magic indicator ore someting easy you need to put in some work.,OK here are the screenshot i cant thank you enough Profitfarmer and cant wait for tomorrow starting a new month with your magic.lol
Insanity
oing same ting over expecting different results..Einstein
oing same ting over expecting different results..Einstein
Indeed, he's a good trader
I have been trading my own strategie for some time with different results gaining and then lose disipline and move my stoploss to avoid losses making the losses sometimes huuuge like i did in the beginning of this month
- #1,040
- Feb 28, 2019 10:30pm Feb 28, 2019 10:30pm
- | Commercial User | Joined Aug 2014 | 3,922 Posts
I have been trading my own strategie for some time with different results gaining and then lose disipline and move my stoploss to avoid losses making the losses sometimes huuuge like i did in the beginning of this month
i believe -still, lol- that with the right mindset, and some patient, plus a little planning consistency is achievable.
one day, two days...a week, a month...why not?
important to calculate the downside, and crucial to try to maintain that at any cost. a well chosen equity stop vs the day to day risk taken.
it can do magic to the overall trading result and equity curve.
yes, there is room for errors, human errors, momentary craziness or throwing the plan to the bin, and do something crazy.
but that isnt error in the approach, as i have said it before.
the approach as outlined on this thread is good, valid, and viable.
the part to add is a trader who execute it without a chance to a mental meltdown. LOL
i am working on that part, of course, and it is hard to "unhumanize' myself, but i am sure some is a lot better in that that i am, and without the danger of human mental meltdown, the approach is great as it is outlined on the thread.
it is good sometimes to challenge ourself; my favorite is consecutive winning day, preferable many.
it helps a bit on the overconfidence, as after a good streak that inevitable rise; the "fear" of breaking a serie of wins is a little check on that, the longer it is the more sort of attached i get to it to try to keep up.
for now, my target is set on 60 consecutive days, that can literally be done with 3 months ( trading days!), but with occasional no trade day/s, maybe more like a 4 months span.
i am not yet there, but one day a time, may just make it there, or past it.
with end of Febr, day#44 was completed.
a work in progress!
being a scalper, i dont carry trades overnight, or over the weekend.
winning days not equal winning every entry!
happy trading!
there is always, always another trade!!