Nice Bat pattern that I'm watching
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Ratios & Harmonics: a Different Way to Trade
- #49,463
- May 10, 2020 8:57pm May 10, 2020 8:57pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #49,465
- May 11, 2020 2:57am May 11, 2020 2:57am
Hello Traders, How is your mastery coming along? What conflicts do you face when you are trading? What is your greatest weakness? Can any of you answer any of these questions? Often times we approach our day to day in the same manner and overlook the critical issue that are holding us back. Take a step back and tell me, what is holding you back? I assure you is is not lack of study nor is it preparation. You have put in the hours working on your craft getting stronger and more reckless day by day. I promise you that the failure rate is not in the...
One Good Trade
- #49,466
- May 11, 2020 6:13am May 11, 2020 6:13am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Hello Traders, How is your mastery coming along? What conflicts do you face when you are trading? What is your greatest weakness? ....
I hope you were able to overcome the issues that kept you away for so long.
I know for some time now that my biggest problem is FAITH in my trading method. Which is essentially your trading method but in an altered version (added some technical tools for confluence and more confirmation for my entries).
I think trading the small 5K account was a fantastic idea, to show the thread members how your method performs when strictly following the rules you outlined very clearly. Seeing you grow this small account over time would have greatly improved my faith in the method, in fact it would have completely solidified my faith. And also that of other traders on this thread I assume.
Now, it was obvious that you were having some degree of difficulty growing the small account.
Although you kept a firm believe that it would launch at some point, it didn't (I assume?).
I think it is very important to make it a quest to search for the reason why this was happening.
What do you think was preventing the account from growing?
I assume you have also spent some time thinking about this.
I have some suggestions myself, I hope you don't mind.
We should consider the possibility that your trading on your personal account IS succesful because you do not always strictly follow cold rules, but you are adding a bit of Trading Master Powder
That means A)your trading is partially discretionary AND/OR B)You are following one or more additional rules subconsciously, making you not enter certain setups, or making you exit the trade earlier or later, based on market conditions and technical indications.Or maybe the market conditions have changed over the years and the succes rate of your method has changed? Maybe for your personal account you subconsciously adapted your trading to the changed market?Maybe it was the fact that the low account balance did not allow you to work with more than 1 contract and you were not able to average positions or to rescue a trade?And last but not least, it might have been the live sessions that were putting some pressure on your decision making process. Too many times I have seen you miss an entry and hear you say "I would have made 40 points if I had entered there, but I was distracted talking to you guys" or "This day WOULD have been a winning day if I had entered there and there." Maybe live trading is not something you should do in front of 100+ traders 
. I think it slightly alters your normal trading behaviour and makes you do things you would normally not do. Also, most of us are loyal students and give you lots and lots of credit. But unfortunately some show a negative attitude towards you or are even trolling you live and on the thread. This must have an effect on any person, Mastery or no Mastery. And who can blame you, you're a human after all and we all have our limits. 
Anyway, I still hope you continue with the small account or start over with a new one.
In my opinion, absolutely the most value comes from the short after-session videos trading this small account.
Everything about your method and the rules has been covered many many times in many many live videos and lesson videos.
It is of no use making new videos on subjects that were already covered extensively before.
Given all of the above, I would suggest that:
you have much fewer live sessions and/or when you do a live session, you do not trade the small account that trading session, to limit the impact on your decision making and on the account balance you preferably trade the small account by yourself and post a brief review after the session explaining your entries and your thoughts. To me, these videos were the most valuable. Just short videos packed with precious stuff, as opposed to the sometimes long live videos, with a lot of repetition of previously covered topics. I must admit, I watched those afterwards with speed x2 
Also the Q&A videos covering questions from the thread were very valuable in my opinion.I would like to emphasize that I have no intention whatsoever to negatively criticize your work.
On the contrary, with this post I intend to help and support your work and your mission.
I have learned a lot from you, it is you that has kept me on the trading path, my faith in you as a trader and as a person is unquestionable.
May the Trading Force be with you 
- #49,470
- May 11, 2020 9:49am May 11, 2020 9:49am
{quote} Hello Damian welcome back to your thread
Recently, two of my trades went over 50+ ticks but ended in break even, which upsets me though I stick to my trade management rules. Later, I saw another way to think in such situation without breaking the rules, in the below video (35:00).
https://www.youtube.com/watch?v=Nd2k3x0RLZg
One Good Trade
- #49,472
- May 11, 2020 11:51am May 11, 2020 11:51am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Frankly, live sessions are the most important part of this, for two reasons. During the whole trading session one should be able to maintain the same level of mental stamina, by going over the sessions without skipping can train the mental and physical ability. Secondly, there are lot of decisions being made during the live trading which are not necessarily written down in the trade plan, let me illustrate. Recently, two of my trades went over 50+ ticks but ended in break even, which upsets me though I stick to my trade management rules....
But I am considering the countless live videos that were already made and are still available for reviewing.
Look at your example, you found a solution in an old live session video.
Which brings me to my point: people should review the old videos and take notes extensively, then you have a treasure of information and everything doesn't have to be repeated twenty times during the live sessions. (no offense to you!)
I have seen each and every one of these videos (I assume you also did), took notes extensively, without skipping.
Maybe it is just me, but the last few live sessions I really had a feeling that everything has been said and explained multiple times.
It was still possible to find an hidden goldnugget here and there, but for me they were getting too scarce.
Absolutely no offence to Damian! The live sessions are still great, but especially for people that have not seen the previous 60 sessions
I think I just find it disturbing when for the 100th time someone asks for the definition of a rotation candle
and the difference between SOS1, 2 and 3 
just to mention two of many frequently recurring questions 
I was only suggesting lowering the frequency of the live sessions, not eliminating them, for Damian's sake, for the small account's sake, and because more does not necessarily equal better.
I think the emphasis should not be on the theory anymore, explaining the basics of the method, but more on applying it and getting results from it by trading the small account, and reviewing the trades that were made.
Of course, my personal opinion, maybe others do not agree.
And finally, too bad for your 2 missed profits
, but as you know, that is the life of a trader , I hope you booked your profit on the 3rd one 
In this situation, you could have trailed on decision candles and small structure and booked a bigger profit. But think of it another way: You are trailing on decision candles, you are taken out by 1 point and the price shoots through the support. Then you have missed 50 points the other way.
Good trading to you
- #49,475
- May 11, 2020 1:52pm May 11, 2020 1:52pm
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Maybe when the live streams are done it should not be recorded and uploaded as a video on the channel.
- #49,478
- May 11, 2020 8:05pm May 11, 2020 8:05pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
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