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My way to highway

  • #1,121
  • Jul 16, 2019 1:42pm Jul 16, 2019 1:42pm
Quoting profitfarmer
indeed, one crazy trading day, with the unscheduled "news" of Boris Johnson/Brexit... a mixed trading, that left me not fully happy overall, even though all in all in the end the profit looks decent. the day count? today stands at #38...just one short of being at half point of the previous best. still a long way to go. probably another couple crazy trading days too. despite the sleepy summer, things can happen. and they do. George calls it a grinder. i call it a f@cked up roller-coaster day.... when i think just nearing the top, it change over from...
I googled:

a smooth sea does not make a skilled sailor?
  • #1,122
  • Jul 16, 2019 1:54pm Jul 16, 2019 1:54pm
Quoting hilmy83
{quote} i want to see a chart of that one lol it's a tilt day man. i can smell that tilt day all the way here. what's your max on volume on day like today? continue trading till b/e? till profit? at some point you would have to let go of the session and swallow that hit. But i guess you pulled through this is one of those days it will happen and sometimes back to back. if i was a prop firm, i consider that deviation no? at least deviation from the rest of the data set .
i will have to disappoint you Hilmy.
it wasnt a tilt day.
it was a heavy trading day, with quite a few ins and outs, and relative larger volume, but with -surprise, surprise?- low drawdown!!
between the running profit over the last HWM and the partial entries....then max DD was really not passing like 5%...at any point.
it was not like a single entry that went on and on to a deep deep drawdown just bcos...but a couple sets of entries, between GJ and GC.

cant really comment on that "if i was a prop firm"...
some prop account has different rules then others.
i dont have a volume restriction, on any or all accounts i trade. it isnt TST, lol.
what i have on all of them is a max equity loss for a day and overall.
were these observed: YES.

then again,
it is trading.
there are rules. different from account to account, firm to firm.
i am sure you know this one. or should know this one anyways.
yes, things can even happen back to back, and had happened to me once ( and only once) in 2018.
will it again?
perhaps.
in the meantime, i am happy as always that someone bother to look at this journal,
and when i have the time, just muse over the posts,
and think which camp some of you are cheering for?
LOL, actually i know,
and i dont give a sh.t about it! for that reason i cant even be bothered to pull up a chart and drag the entries on. wouldnt make any difference to my post, all is there what did and did not happen.
dealing with multiple entries/sets, the rest is just compounding the day, and risking some of the booked profit a bit more opportunistic. just like Jan2019 was.
should we talk about that another time? would you be interested to actually listen?

the title says it all: "my way"
likely not suitable to all, and i am OK with that.
i dont try to please everyone, just try to make a living from trading.
no more, and no less!

happy trading!
Zoltan
there is always, always another trade!!
  • #1,123
  • Jul 16, 2019 1:59pm Jul 16, 2019 1:59pm
Quoting aaven
{quote} I googled: a smooth sea does not make a skilled sailor?
lol @google....somewhat same and not same...sort of lost in the translation, yet not...

in rough translation: 'the palm(tree) grows best under weight.'
meaning: it is good to give younger people some harder tasks, bcos they will grow/learn from that experience a lot faster.
cheers Sai! for taking your time!
there is always, always another trade!!
  • #1,124
  • Jul 16, 2019 2:51pm Jul 16, 2019 2:51pm
found a simplified way, that should please Hilmy, yet save me from the charting.
also, all in deal with the trades of different pairs, same time.
it doesnt show the profit bought from previous days of this month/last HWM.
Attached Image (click to enlarge)
Click to Enlarge Name: dd chart.png Size: 118 KB

am i nice enough?
are you pleased Hilmy?
there is always, always another trade!!
  • #1,125
  • Jul 29, 2019 8:09am Jul 29, 2019 8:09am
Hi pf,

What is your range for psyquation score.? Its your
Second anniversary or third?
It took like forever just to move 1 point.. Lol

Regard
Jin
  • #1,126
  • Jul 29, 2019 8:22am Jul 29, 2019 8:22am
Quoting jinsen
Hi pf, What is your range for psyquation score.? Its your Second anniversary or third? It took like forever just to move 1 point.. Lol Regard Jin
hi Jin,

for me it is a bit up and down, depend how much i load up on a trade ( not extreme dd, but still, it counts toward VAR).
the range can thus drop fast, and improve slow,
since i dont really care the W%, ie the "skill" score suffers for that too.
i think it is mostly swing between the 65-77 range lately.
only important to a point, that is the 65+ range to stay above, really, but i dont sweat much about even that.
first and foremost it is about the P/L statement when it comes to trading, and i strongly suggest never, not for a moment even forget about that!

happy trading!
there is always, always another trade!!
  • #1,127
  • Jul 30, 2019 12:01pm Jul 30, 2019 12:01pm
Hi pf,

thank you for your journal, it's a source of inspiration and it's full of precious infos.

I'd have one question about your 10% equity stop loss.
Is it 10% for each single pair or is it a global 10% for all open positions?

Thank you in advance,
Bubincka
Porta itineris dicitur longissima esse
  • #1,128
  • Jul 30, 2019 12:21pm Jul 30, 2019 12:21pm
Quoting bubincka
Hi pf, thank you for your journal, it's a source of inspiration and it's full of precious infos. I'd have one question about your 10% equity stop loss. Is it 10% for each single pair or is it a global 10% for all open positions? Thank you in advance, Bubincka
Hi bubincka,

The eq SL% us arbitrary, not all accounts I trade has the same parameters.
But as a rule of thumb, I use it as a global SL, not a per pair.
The reason is simple that I may take related trades, like GJ and GC the same time, and if GBP is the mover that day, it gives little diversification.
But if/when I am wrong in my entry, by misjudged the situation, the best to be out and regroup.

My suggestion always us to try to come up with a equity SL that doesn't get hit too frequently, and the same time the typical profitable periods are enough to recover between them.
Of course they aren't always evenly distributed.
Thus the best to have a relative low%, also easier on the mental side to handle.

And thank you for the kind words,
I am glad if you find the journal useful.
In turn it inspires me to continue to post on it.

Happy trading!
Zoltan
there is always, always another trade!!
  • #1,129
  • Jul 30, 2019 1:35pm Jul 30, 2019 1:35pm
Quoting profitfarmer
{quote} Hi bubincka, The eq SL% us arbitrary, not all accounts I trade has the same parameters. But as a rule of thumb, I use it as a global SL, not a per pair. The reason is simple that I may take related trades, like GJ and GC the same time, and if GBP is the mover that day, it gives little diversification. But if/when I am wrong in my entry, by misjudged the situation, the best to be out and regroup. My suggestion always us to try to come up with a equity SL that doesn't get hit too frequently, and the same time the typical profitable periods...
Zoltan,

Your Journal is one gem of a read... No second thoughts about it...
  • #1,130
  • Jul 30, 2019 1:55pm Jul 30, 2019 1:55pm
Quoting profitfarmer
{quote} Hi bubincka, The eq SL% us arbitrary, not all accounts I trade has the same parameters...
Hi pf,

crystal clear.

Thank you,
Bubincka
Porta itineris dicitur longissima esse
  • #1,131
  • Jul 31, 2019 8:01am Jul 31, 2019 8:01am
end of July.
few more good days added, now @day#45.
July was hectic, and August is expected to be the same.
some good days, some flat days.
in a good 2 weeks coming up my holiday, back to Hungary.
so August is likely be a near flat month.
that is OK.
the year is strong so far, and a longer break should be good for me.
on the newest prop account had some issues with the tight SL, part me misjudging some risk settings, and a bit of the unlucky timing.
will work to sort this out, cos really matter for me.
the ups and downs of trading, but overall i love it as much as ever!

happy trading!

Attached Image (click to enlarge)
Click to Enlarge Name: to date.png Size: 20 KB
there is always, always another trade!!
  • #1,132
  • Jul 31, 2019 8:11am Jul 31, 2019 8:11am
Quoting profitfarmer
end of July. few more good days added, now @day#45. July was hectic, and August is expected to be the same. some good days, some flat days. in a good 2 weeks coming up my holiday, back to Hungary. so August is likely be a near flat month. that is OK. the year is strong so far, and a longer break should be good for me. on the newest prop account had some issues with the tight SL, part me misjudging some risk settings, and a bit of the unlucky timing. will work to sort this out, cos really matter for me. the ups and downs of trading, but overall i...
congrats PF!
  • #1,133
  • Jul 31, 2019 8:45am Jul 31, 2019 8:45am
Quoting profitfarmer
end of July. few more good days added, now @day#45. July was hectic, and August is expected to be the same. some good days, some flat days. in a good 2 weeks coming up my holiday, back to Hungary. so August is likely be a near flat month. that is OK. the year is strong so far, and a longer break should be good for me. on the newest prop account had some issues with the tight SL, part me misjudging some risk settings, and a bit of the unlucky timing. will work to sort this out, cos really matter for me. the ups and downs of trading, but overall i...
PF is back at full steam nice work.
  • #1,134
  • Jul 31, 2019 9:47am Jul 31, 2019 9:47am
Quoting profitfarmer
end of July. few more good days added, now @day#45. July was hectic, and August is expected to be the same. some good days, some flat days. in a good 2 weeks coming up my holiday, back to Hungary. so August is likely be a near flat month. that is OK. the year is strong so far, and a longer break should be good for me. on the newest prop account had some issues with the tight SL, part me misjudging some risk settings, and a bit of the unlucky timing. will work to sort this out, cos really matter for me. the ups and downs of trading, but overall i...
Hold on there. These are obviously photo shopped results. All positive months-No one is going to believe you...

All jokes aside- that is an exceptional performance-Fruits of countless hours- Thanks for showing us it is very much achievable.

One of the few members on FF who is willing to show us his TE-willing to talk to anyone and willing to discuss on any trading aspect and humble to boot...

take a bow Zoltan...
  • #1,135
  • Jul 31, 2019 11:28am Jul 31, 2019 11:28am
Quoting aaven
{quote} Hold on there. These are obviously photo shopped results. All positive months-No one is going to believe you... All jokes aside- that is an exceptional performance-Fruits of countless hours- Thanks for showing us it is very much achievable. One of the few members on FF who is willing to show us his TE-willing to talk to anyone and willing to discuss on any trading aspect and humble to boot... take a bow Zoltan...
Hi Sai,
If you read back the journal, 2017 was likewise a good year, I think went on to some 12 months streak...
Yes, it is possible to string together winning days to winning weeks and to winning months.
One day a time, lots of things can be achieved.
Set a goal, then work on it, then try to pass that goalpost, by reaching for a new goal.
That is what I try to do.
The current goal is to pass the 78 consecutive winning trading days, and to make 2019 an all winning month year.
I think both is possible and not superstitious to name them neither.
And I am keep working on both!

Happy trading!

Quoting alphadude
{quote} PF is back at full steam nice work.
Thanks!
You know, people often not realize that those long steaks of winning days - even if often small % gains as an individual day' result- in time do compound up to a rather decent cummulativ profit.
there is always, always another trade!!
  • #1,136
  • Jul 31, 2019 11:39am Jul 31, 2019 11:39am
Quoting profitfarmer
{quote} Hi Sai, If you read back the journal, 2017 was likewise a good year, I think went on to some 12 months streak... Yes, it is possible to string together winning days to winning weeks and to winning months. One day a time, lots of things can be achieved. Set a goal, then work on it, then try to pass that goalpost, by reaching for a new goal. That is what I try to do. The current goal is to pass the 78 consecutive winning trading days, and to make 2019 an all winning month year. I think both is possible and not superstitious to name them n
either....
Absolutely Great Job Zoltan... Agree wholeheartedly with what you say.

I have no doubt you will far exceed your goals...
  • #1,137
  • Aug 8, 2019 6:46am Aug 8, 2019 6:46am
Quoting aaven
{quote} Hold on there. These are obviously photo shopped results. All positive months-No one is going to believe you... All jokes aside- that is an exceptional performance-Fruits of countless hours- Thanks for showing us it is very much achievable. One of the few members on FF who is willing to show us his TE-willing to talk to anyone and willing to discuss on any trading aspect and humble to boot... take a bow Zoltan...

I dont see any TE. Does anyne has any links to performance?
  • #1,138
  • Aug 8, 2019 8:32am Aug 8, 2019 8:32am
Quoting xtradex
{quote} I dont see any TE. Does anyne has any links to performance?
hi
honestly, not even the last 10 posts to scroll back...post#1131...
err, yes, it isn't a TE technically, cos it is myfxbook.
either way, it doesn't really matter much, right?
the journal isn't about to impress with performance. it is about to share thought and discuss moving from part-time trading into full-time trading; the mental and technical aspects doing it, feedbacks relating some proprietary trading and firms, etc.
and importantly, on a very personal level, it is my journey to my goals, particularly to a very consistent day to day trading.
if you are interested, do read the journal, may have some useful info for you in it; if not interested to read thanks for passing by.
happy trading!
there is always, always another trade!!
  • #1,139
  • Aug 8, 2019 8:43am Aug 8, 2019 8:43am
Quoting profitfarmer
{quote} hi honestly, not even the last 10 posts to scroll back...post#1131... err, yes, it isn't a TE technically, cos it is myfxbook. either way, it doesn't really matter much, right? the journal isn't about to impress with performance. it is about to share thought and discuss moving from part-time trading into full-time trading; the mental and technical aspects doing it, feedbacks relating some proprietary trading and firms, etc. and importantly, on a very personal level, it is my journey to my goals, particularly to a very consistent day to day...

Its just a screenshot, I dont see a link. Profit % by themselves dont show the full picture. I wanted to see other stats as well and if you are posting screenshots, you might as well post the myfxbook link.
  • #1,140
  • Aug 8, 2019 9:48am Aug 8, 2019 9:48am
Quoting xtradex
{quote} I dont see any TE. Does anyne has any links to performance?
Little History:

There was some back and forth between two sides. When challenged- Profit Farmer invited one of the members to view how he trades and show his live account-go over his TE etc...[The said member declined the invitation]- Take my post in that context.
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