This is one of his posts, a few anomalies 20,000 hour back in 2018, so 10,000 in the last year.
He had a trading friend with a 40 lots position which went 430 pips into DD, that does not happen over night, so why did he not come to his friends aid with his hedging Strategy.
And I was right he does not except a loss, he trades out of his positions, which for me is not a problem but anyone without experience would kill their account trying to do this.
I wish to add to JimFinancials post ,,,,,
Selected few are hungry to learn ,,,,, Majority of failures will knock successful people ,,, This IS human nature ,,, sadly ! ! ! ! !
Many think they have seen it all , BUT to live through a 40 lot trade with 430 pips draw down is an experience .
That was the case with my best friend / trading buddy on the Aussie dollar . YES u guessed it ,,, NO STOP LOSS ! ! ! !
This is exactly what JimFinancials is trying to say peeps
Many will cut me to bits with this reply ,, BUT let me tell u now ,, ur opinion does NOT count cause our LIVE trading accounts statements tell us to ignore ignorance .
Before u knock , please read my picture against my name by Stephen hawking and DWELL ON IT FOR A LONG TIME .
here is the daily chart of the Aussie dollar and details of the action applied at the time .
What was he doing in the meantime many may ask ,,,,
Simply he let the market do its Gymnastics , and continued on trading as usual clocking 10K to 20K on any trading day he sat at the charts ,,, THAT IS A FACT ! ! !
I ONLY posted this reply for the benefit of the hungry people who have a passion for mastering what every they target in their lives .
I will leave with my personal thought on this game ,,,
the market is NEVER weak ,, and NEVER strong .
THEY and i say the word THEY ( PLEASE READ BETWEEN THE LETTERS OF THE WORD ) can move any market as high and as low as THEY want .
If one can understand this point ,,,, all lights will come on for them .
Understanding the reason why markets move and where to is the KEY to it all ,,,, as it is NOT about patterns or strategies or indicators or the BIGGEST MYTH of all support and resistance and supply and demand ,,, YES we see the market turning around tops and bottoms ,, BUT get to make it YOUR business and GOAL to understand WHY it does as THAT IS where the secret lays in my humble opinion , aaand NO i will NOT express my views on that point publicly .
Then one MAY start to experience lets say modestly 95% strike rate with their results ,,,, YES u read it correctly 95% MINIMUM on single trades ,,, BUT 100% on BASKETS TRADING .
Also for the record ,,, NOOOO i do NOT use stops ,,,, i apply a different approach for protection purposes , again after 20,000 ( TWENTY THOUSAND HOURS ) of STUDY and SCREEN time under my belt , i am sure anyone can achieve the same .
this was my humble and a rare contribution just to set the point straight for may and hopefully will help many new traders .
And for those who are wondering ,, i di NOT trade the aussie dollar ,, I ONLY trade ONE pair ,,, the Pound YEN ,,,, cause it is a large and fast market ,, i do not like trading slow pairs cause they lift my blood pressure that i do NOT have hahahahahaha
He had a trading friend with a 40 lots position which went 430 pips into DD, that does not happen over night, so why did he not come to his friends aid with his hedging Strategy.
And I was right he does not except a loss, he trades out of his positions, which for me is not a problem but anyone without experience would kill their account trying to do this.
I wish to add to JimFinancials post ,,,,,
Selected few are hungry to learn ,,,,, Majority of failures will knock successful people ,,, This IS human nature ,,, sadly ! ! ! ! !
Many think they have seen it all , BUT to live through a 40 lot trade with 430 pips draw down is an experience .
That was the case with my best friend / trading buddy on the Aussie dollar . YES u guessed it ,,, NO STOP LOSS ! ! ! !
This is exactly what JimFinancials is trying to say peeps
Many will cut me to bits with this reply ,, BUT let me tell u now ,, ur opinion does NOT count cause our LIVE trading accounts statements tell us to ignore ignorance .
Before u knock , please read my picture against my name by Stephen hawking and DWELL ON IT FOR A LONG TIME .
here is the daily chart of the Aussie dollar and details of the action applied at the time .
What was he doing in the meantime many may ask ,,,,
Simply he let the market do its Gymnastics , and continued on trading as usual clocking 10K to 20K on any trading day he sat at the charts ,,, THAT IS A FACT ! ! !
I ONLY posted this reply for the benefit of the hungry people who have a passion for mastering what every they target in their lives .
I will leave with my personal thought on this game ,,,
the market is NEVER weak ,, and NEVER strong .
THEY and i say the word THEY ( PLEASE READ BETWEEN THE LETTERS OF THE WORD ) can move any market as high and as low as THEY want .
If one can understand this point ,,,, all lights will come on for them .
Understanding the reason why markets move and where to is the KEY to it all ,,,, as it is NOT about patterns or strategies or indicators or the BIGGEST MYTH of all support and resistance and supply and demand ,,, YES we see the market turning around tops and bottoms ,, BUT get to make it YOUR business and GOAL to understand WHY it does as THAT IS where the secret lays in my humble opinion , aaand NO i will NOT express my views on that point publicly .
Then one MAY start to experience lets say modestly 95% strike rate with their results ,,,, YES u read it correctly 95% MINIMUM on single trades ,,, BUT 100% on BASKETS TRADING .
Also for the record ,,, NOOOO i do NOT use stops ,,,, i apply a different approach for protection purposes , again after 20,000 ( TWENTY THOUSAND HOURS ) of STUDY and SCREEN time under my belt , i am sure anyone can achieve the same .
this was my humble and a rare contribution just to set the point straight for may and hopefully will help many new traders .
And for those who are wondering ,, i di NOT trade the aussie dollar ,, I ONLY trade ONE pair ,,, the Pound YEN ,,,, cause it is a large and fast market ,, i do not like trading slow pairs cause they lift my blood pressure that i do NOT have hahahahahaha
Some people say I'm lucky, but the more I practice the luckier I get
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