In trading, you have to be defensive and aggressive at the same time
- #37,223
- May 22, 2020 4:58am May 22, 2020 4:58am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Porta itineris dicitur longissima esse
- #37,225
- May 22, 2020 7:11am May 22, 2020 7:11am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote} Davit did write to my orders: "You got to work on your impulses.You have history of early unnecessary entries". At the end he was Right. Renko
I suffer of both issues, early entries & early exits!
The good part is there's a lot of room for improvement.
Best regards,
Bubincka
Porta itineris dicitur longissima esse
- #37,226
- May 22, 2020 8:58am May 22, 2020 8:58am
Closed all my trades now. It was a nice week, with drawdown, but in the end it worked out quite well. My results for this week on my demo account:
I know, its way to much risk. But its demo and I want to see how fast I could grow a very small account. I would never risk that much with an bigger account.
I could grow this demo account within 17 days already 73% now. I know the target is consistency and not huge profits, but still I need to see what is possible for me....
Thank you Davit for your guidance
I know, its way to much risk. But its demo and I want to see how fast I could grow a very small account. I would never risk that much with an bigger account.
I could grow this demo account within 17 days already 73% now. I know the target is consistency and not huge profits, but still I need to see what is possible for me....
Thank you Davit for your guidance
I hope you all had a good week.
my week was a little complicated. Few trades. I still haven't managed to keep my $ 2000 / month target.
in fact, I am still in the process of recovering from my February and March losses
It is complicated without risk, with a balance of only around $ 10,000 (20% per month probably is too much)
Let's see if the coming weeks will be more promising.
After all, we are in the best spot in the FF, even with Davit a little absent.
I sincerely wish he is very well and come back soon
cheers !!
my week was a little complicated. Few trades. I still haven't managed to keep my $ 2000 / month target.
in fact, I am still in the process of recovering from my February and March losses
It is complicated without risk, with a balance of only around $ 10,000 (20% per month probably is too much)
Let's see if the coming weeks will be more promising.
After all, we are in the best spot in the FF, even with Davit a little absent.
I sincerely wish he is very well and come back soon
cheers !!
- #37,228
- Edited 1:14pm May 22, 2020 11:02am | Edited 1:14pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Hi guys
Very proud of you guys
Trading well!
Continue on.
Just to inspire you guys over 1500 today basically on precarious PA
Like I posted earlier I was not sure direction of USD hence got out of UC AU and focused on EC which was ranging and I have covered about range not going to go over again.
Stay focused!
EDIT over 2k today
Very proud of you guys
Trading well!Continue on.Just to inspire you guys over 1500 today basically on precarious PA
Like I posted earlier I was not sure direction of USD hence got out of UC AU and focused on EC which was ranging and I have covered about range not going to go over again.
Stay focused!
EDIT over 2k today
In trading, you have to be defensive and aggressive at the same time
- #37,229
- May 22, 2020 12:01pm May 22, 2020 12:01pm
Closed all my trades now. It was a nice week, with drawdown, but in the end, it worked out quite well. My results for this week on my demo account: {image} I know, its way to much risk. But its demo and I want to see how fast I could grow a very small account. I would never risk that much with a bigger account. I could grow this demo account within 17 days already 73% now. I know the target is consistency and not huge profits, but still, I need to see what is possible for me.... Thank you Davit for your guidance
From my experience growing an account rapidly should not be a GOAL because you can lose it just as quickly and to me, that is just gambling. Consistent returns over long periods should be a goal in my opinion.
- #37,230
- May 22, 2020 12:30pm May 22, 2020 12:30pm
{quote} It is good to work developing your strategy in the demo environment but the one key factor missing here is psychology when live money is at stake. You can from bubincka posts see that early entries and exits never seem to affect people much in the demo market but when real money is on the line it is a different situation. From my experience growing an account rapidly should not be a GOAL because you can lose it just as quickly and to me, that is just gambling. Consistent returns over long periods should be a goal in my opinion.
- #37,233
- May 22, 2020 2:12pm May 22, 2020 2:12pm
Hi guys Very proud of you guys
- #37,235
- May 22, 2020 7:51pm May 22, 2020 7:51pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
I am going to post this portrait painting as perfect trading system. Yes Trading is an ART and all ARTS are related.
You might be wondering has shoulder injury drove Dave to insanity? No just follow me along for the ride you'll find it fascinating.
Before he begins he has basic drawing done.Get this wrong no likeness!
Trading equivalent 1.Structure of the market.Got this wrong nothing else will makes sense.
Here lays down background tones basic colors on the face.
Trading equivalent 2.Checks out news, events fundamental factors to support the structure.
Here More details does not make more realistic painting
Trading equivalent 3.Resist adding too many indicators it only clouds and skews price
Here When getting tired walk away to freshen the mind.
Trading equivalent 4. We get caught up in the trading pill that you must place a trade when conditions are not right.Take a walk clear your mind you'll see the market with fresh eyes and insight.Don't force trades.
Part of painting is always stepping back to see the whole thing.
Trading equivalent 5. Dont look at only 1min 5min 15min charts look at H4 Daily weekly as well.
Lastly my favorite "dont be afraid of dark colors"
Don't be afraid of the market!
Lastly painting is done and trade is placed!System is style of the painting the genre.All the elements combined and trade executed.Notice he is not afraid to paint!Rather relaxed about it.He has made thousands of mistakes and still does but does finish great paintings.That's what counts.Without trial and error there is no learning.Its the whole process!
See I told you its related!
You might be wondering has shoulder injury drove Dave to insanity? No just follow me along for the ride you'll find it fascinating.
Before he begins he has basic drawing done.Get this wrong no likeness!
Trading equivalent 1.Structure of the market.Got this wrong nothing else will makes sense.
Here lays down background tones basic colors on the face.
Trading equivalent 2.Checks out news, events fundamental factors to support the structure.
Here More details does not make more realistic painting
Trading equivalent 3.Resist adding too many indicators it only clouds and skews price
Here When getting tired walk away to freshen the mind.
Trading equivalent 4. We get caught up in the trading pill that you must place a trade when conditions are not right.Take a walk clear your mind you'll see the market with fresh eyes and insight.Don't force trades.
Part of painting is always stepping back to see the whole thing.
Trading equivalent 5. Dont look at only 1min 5min 15min charts look at H4 Daily weekly as well.
Lastly my favorite "dont be afraid of dark colors"
Don't be afraid of the market!
Lastly painting is done and trade is placed!System is style of the painting the genre.All the elements combined and trade executed.Notice he is not afraid to paint!Rather relaxed about it.He has made thousands of mistakes and still does but does finish great paintings.That's what counts.Without trial and error there is no learning.Its the whole process!
See I told you its related!
Inserted Video
In trading, you have to be defensive and aggressive at the same time
- #37,237
- May 22, 2020 8:28pm May 22, 2020 8:28pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
I am going to leave one last thought and its IMO essence of trading.
Remember I posed the question what if you used line chart what may constitute PA?
To me (have thought a lot about this) trading is momentum.Does not matter what system you use if you get this right everything clicks get it wrong it falls apart.
Within momentum there are events fundamentals news manipulations by MM but in its essence its momentum.
Work towards getting it right.
Example today I made over 1200 on EC purely on momentum PA
Have a great weekend.
Remember I posed the question what if you used line chart what may constitute PA?
To me (have thought a lot about this) trading is momentum.Does not matter what system you use if you get this right everything clicks get it wrong it falls apart.
Within momentum there are events fundamentals news manipulations by MM but in its essence its momentum.
Work towards getting it right.
Example today I made over 1200 on EC purely on momentum PA
Have a great weekend.
In trading, you have to be defensive and aggressive at the same time
- #37,238
- May 23, 2020 9:19am May 23, 2020 9:19am
- Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,088 Posts
We obey the structure that results from the market's reaction
- #37,239
- Edited 10:29pm May 24, 2020 7:53pm | Edited 10:29pm
- Joined Jan 2010 | Status: Trader | 2,021 Posts
- #37,240
- May 25, 2020 4:00am May 25, 2020 4:00am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Porta itineris dicitur longissima esse