Focus, Patience, Discipline, Determination and Perseverance
- #1,262
- Jun 2, 2020 10:43am Jun 2, 2020 10:43am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #1,264
- Jun 22, 2020 10:19am Jun 22, 2020 10:19am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
another update,
although nothing very special happened, thought to mention 2 things from recently, that relate to trading and journal.
1.
this month not 1, not 2, but 3 guys mentioned one way or another that looking closely my trades i have taken on TE.
should be all good, but hard to know if someone may go as far as copy out trades "real time" i take.
with the possibility of update delay, plus without truly knowing or understanding what and why i did, it is pure dangerous, and something i want to be sure not to enable.
the account is well otherwise, still with the dd, but still a very healthy 2 digit gain (This Year+78.85%).
it isnt the first or the last time to get into drawdown, and it isnt the first or last time i will recover from it.
but due the above mentioned reason, the TE for the time being stays private. less temptation to copy anything by anyone.
2.
the weekend i got a mail with a frequently enough recurring question, which i think many aspiring traders has in mind.
thought why not share it here, with my answer. i will just hide the sender for his privacy.
"To: profitfarmer | From: | Sent: Jun 20, 2020 2:03pm
---------------------------------------------------------------------------------
Hi dear profitfarmer,
How are you? Hope you are doing great of your trading service.
Would you give me suggestions where can I find out potential investors networks?"
"hi R......,
there is no answer to that.
obviously darwinex doesn't attract many apart form their own contribution...
there is a chance to try to attain funds from some prop firms ( or named as such) like FTMO...but especially the initial rules make it somewhat a gamble...
and that leaves your best chance to the end: private networking. but it is also the toughest probably...family and friends, and other acquaintances the first obvious choice.
but often they dont have meaningful money to invest, nor familiar with trading, and more often than not may even hold a negative view about.
there is also a prevalent negative tone to trading/investment on social media and forums too, that doesnt help.
hard to put forward a long 2-3 years track record, that will be judged by every party the same way.
some want 100s of %age gain yearly, others sub 5% max dd, and not even surprised anymore that these 2 often combined.
expectations are sky high, totally departed from the reality of 1-5% a year "safe alternatives" like bank deposit or bond...which of course also not fully risk free...
if you happen to find a few investors, they are the actual best bet to widen the pool; a happy investor can bring in from his circle another interested party, and so on.
i am currently going with that path.
working with only a few ppl, then they brought in new investors or upped their existing investment.
but it is still small scale. and slow.
the catch-22 of trading really is, on the retail side, that to be able to trade low risk/low dd, and thrive on a "good" 1-2% return a month, one would need to manage at least 1-2 million assets.
the math is simple: 1M AUM, 1% a month = 10k, 30% profit share = 3k...
is the basic expenses covered, but not a high flying life.
2% =6k....start to look decent...
1-2% monthly return one can make with no more than 1-3% max dd.
but so long an average investor has 10k assets to offer, to collect up 1M AUM takes 100 investors....not a simple task if someone not coming from the wealthier class.
the middle ground is somewhat a hybrid solution to the issue. have some own capital, and from the profit generated from the lessen size managed asset base use a chunk to increase your personal trading funds, to gain an increasing profit.
neither fast, nor fancy, but a realistic take on the common situation of retail traders.
happy weekend!
Zoltan"
and bonus, some thoughts:
i dont mind to answer some mails,
but please respect that i have changed my status to be "commercial member".
that includes that for the time i am not looking to teach anyone anymore for free. if i do, it will be my choice.
and i haven't fully disclosed what and how i am doing on the journal neither in the past.
the reason being the journal is not a trading system thread, but a journal to share what i want to share, and to write down some of my thoughts, partly for myself.
again, some chat is fine, but i want to limit my time that is "wasted".
so what is considered time "wasted"?
honestly,
if someone very early on his road, include but not end with few demo trades, system hopping, believing in trading books and getting rich overnight with 30$ no deposit bonus, that i would consider i cant be much of help.
and let me add here one more thing, bcos recently had a few of these encounters too:
if you bother to ask me for something, anything, and i take my time to type out to you a real answer, not something like " read the thread" or "use google", but a normal answer that may take me time to do, 30-45 min of my free time i could use for anything anyone else....
at least have that minimal courtesy to write back something like "thank you"!
i think it is not too much to ask for, since i didn't ask you to ask me anything, at all,
and i was polite enough to answer to you best i can with the circumstances.
be that some suggestion on TMAs, or scalping, or even how to find investors.
you may or may not get the answer you expect, but i did the best i could as per a "commercial member"
ah, and as such, as most may be aware of it, but some not...commercial members can send 1 PM per 24 hour...
bcos that, i prefer to communicate on skype. you want to say something, PM me a skype contact, i can add you to chat.
real simple.
update on the end of the month if nothing else comes up.
happy trading!
Zoltan
although nothing very special happened, thought to mention 2 things from recently, that relate to trading and journal.
1.
this month not 1, not 2, but 3 guys mentioned one way or another that looking closely my trades i have taken on TE.
should be all good, but hard to know if someone may go as far as copy out trades "real time" i take.
with the possibility of update delay, plus without truly knowing or understanding what and why i did, it is pure dangerous, and something i want to be sure not to enable.
the account is well otherwise, still with the dd, but still a very healthy 2 digit gain (This Year+78.85%).
it isnt the first or the last time to get into drawdown, and it isnt the first or last time i will recover from it.
but due the above mentioned reason, the TE for the time being stays private. less temptation to copy anything by anyone.
2.
the weekend i got a mail with a frequently enough recurring question, which i think many aspiring traders has in mind.
thought why not share it here, with my answer. i will just hide the sender for his privacy.
"To: profitfarmer | From: | Sent: Jun 20, 2020 2:03pm
---------------------------------------------------------------------------------
Hi dear profitfarmer,
How are you? Hope you are doing great of your trading service.
Would you give me suggestions where can I find out potential investors networks?"
"hi R......,
there is no answer to that.
obviously darwinex doesn't attract many apart form their own contribution...
there is a chance to try to attain funds from some prop firms ( or named as such) like FTMO...but especially the initial rules make it somewhat a gamble...
and that leaves your best chance to the end: private networking. but it is also the toughest probably...family and friends, and other acquaintances the first obvious choice.
but often they dont have meaningful money to invest, nor familiar with trading, and more often than not may even hold a negative view about.
there is also a prevalent negative tone to trading/investment on social media and forums too, that doesnt help.
hard to put forward a long 2-3 years track record, that will be judged by every party the same way.
some want 100s of %age gain yearly, others sub 5% max dd, and not even surprised anymore that these 2 often combined.
expectations are sky high, totally departed from the reality of 1-5% a year "safe alternatives" like bank deposit or bond...which of course also not fully risk free...
if you happen to find a few investors, they are the actual best bet to widen the pool; a happy investor can bring in from his circle another interested party, and so on.
i am currently going with that path.
working with only a few ppl, then they brought in new investors or upped their existing investment.
but it is still small scale. and slow.
the catch-22 of trading really is, on the retail side, that to be able to trade low risk/low dd, and thrive on a "good" 1-2% return a month, one would need to manage at least 1-2 million assets.
the math is simple: 1M AUM, 1% a month = 10k, 30% profit share = 3k...
is the basic expenses covered, but not a high flying life.
2% =6k....start to look decent...
1-2% monthly return one can make with no more than 1-3% max dd.
but so long an average investor has 10k assets to offer, to collect up 1M AUM takes 100 investors....not a simple task if someone not coming from the wealthier class.
the middle ground is somewhat a hybrid solution to the issue. have some own capital, and from the profit generated from the lessen size managed asset base use a chunk to increase your personal trading funds, to gain an increasing profit.
neither fast, nor fancy, but a realistic take on the common situation of retail traders.
happy weekend!
Zoltan"
and bonus, some thoughts:
i dont mind to answer some mails,
but please respect that i have changed my status to be "commercial member".
that includes that for the time i am not looking to teach anyone anymore for free. if i do, it will be my choice.
and i haven't fully disclosed what and how i am doing on the journal neither in the past.
the reason being the journal is not a trading system thread, but a journal to share what i want to share, and to write down some of my thoughts, partly for myself.
again, some chat is fine, but i want to limit my time that is "wasted".
so what is considered time "wasted"?
honestly,
if someone very early on his road, include but not end with few demo trades, system hopping, believing in trading books and getting rich overnight with 30$ no deposit bonus, that i would consider i cant be much of help.
and let me add here one more thing, bcos recently had a few of these encounters too:
if you bother to ask me for something, anything, and i take my time to type out to you a real answer, not something like " read the thread" or "use google", but a normal answer that may take me time to do, 30-45 min of my free time i could use for anything anyone else....
at least have that minimal courtesy to write back something like "thank you"!
i think it is not too much to ask for, since i didn't ask you to ask me anything, at all,
and i was polite enough to answer to you best i can with the circumstances.
be that some suggestion on TMAs, or scalping, or even how to find investors.
you may or may not get the answer you expect, but i did the best i could as per a "commercial member"
ah, and as such, as most may be aware of it, but some not...commercial members can send 1 PM per 24 hour...
bcos that, i prefer to communicate on skype. you want to say something, PM me a skype contact, i can add you to chat.
real simple.
update on the end of the month if nothing else comes up.
happy trading!
Zoltan
there is always, always another trade!!
- #1,265
- Edited Jun 26, 2020 5:02am Jun 25, 2020 6:06am | Edited Jun 26, 2020 5:02am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
hi all,
will be starting a discord channel from next week!
can join for free, with this link bellow:
removed for now. next week? will see.
( may be valid for a limited time)
right now things are getting into the final shape,
so starting next week there will be content, during the London session mainly.
if you want to join, kindly prefer you to do so with your FF.com nick so will know who you are.
happy trading!
PS.
did i say to expect content/trade calls from next week and that the link will probably for a limited time only, for now?
lol, just to make sure it is understood.
will be starting a discord channel from next week!
can join for free, with this link bellow:
removed for now. next week? will see.
( may be valid for a limited time)
right now things are getting into the final shape,
so starting next week there will be content, during the London session mainly.
if you want to join, kindly prefer you to do so with your FF.com nick so will know who you are.
happy trading!
PS.
did i say to expect content/trade calls from next week and that the link will probably for a limited time only, for now?
lol, just to make sure it is understood.
there is always, always another trade!!
- #1,266
- Edited 11:50am Jun 30, 2020 8:56am | Edited 11:50am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
the end of June.
started with a nasty loss right on the 1st June ( was a post about it), the rest of the month went on to recover.
for me, recovery usually means i am more focused on taking the better, most promising setups ( not that there cant be duds, there are, of course), and usually trade a little lighter too, at least until some of the dent righted.
the month looked like this on a balance curve, ( what Mt4 produce, and i am not fond of it as really equity counts, but for me the end of the days always flat anyhow)
not all back to HWM, but not far behind, should be the first few days of July take care of that.
often comes up the question why take a larger loss, and many small wins which doesn't make sense to some.
understand the notion, of course,
but the simple answer is: statistics
if one has a long enough sample at hand, it isnt that difficult to work the numbers.
for example if i would walk 7 x 1 steps forward, and jump back 5 steps pace....and suppose to keep doing the same, periodically...in the end i would be still moving forward.
the way i see it.
well, not only, the way i do it too.
else this week started this discord channel, keeping things a little different.
some of you are there, and we start to have more interaction, and although trading styles differ, it is still real live trading in the best sense.
anyone interested, i will post bellow an invite link that i will leave for the next 24 hours.
looking forward for a great July!
today i read some hints that even the airports may open next month, so in the and maybe i get a chance to fly to Hungary to visit my mom.
fingers crossed!
happy trading!
PS.
IMPORTANT:
this commercial status change does limit my messaging ability to 1 PM per 24 hours. ( i cant use shout, i cant message on your thread most likely.)
add to this different time of day, and sometimes maybe even the most ideal case it takes me 1.5 days to answer.
but it that PM used up for the day, multiply by 2-3x the time.
3 options:
A. add to the end of your PM your email, i can send plenty email from yahoo or gmail.
B. find me on discord
C. be prepared to wait for days; not bcos i dont care, but bcos how the current system works!
thank you for understanding!
started with a nasty loss right on the 1st June ( was a post about it), the rest of the month went on to recover.
for me, recovery usually means i am more focused on taking the better, most promising setups ( not that there cant be duds, there are, of course), and usually trade a little lighter too, at least until some of the dent righted.
the month looked like this on a balance curve, ( what Mt4 produce, and i am not fond of it as really equity counts, but for me the end of the days always flat anyhow)
not all back to HWM, but not far behind, should be the first few days of July take care of that.
often comes up the question why take a larger loss, and many small wins which doesn't make sense to some.
understand the notion, of course,
but the simple answer is: statistics
if one has a long enough sample at hand, it isnt that difficult to work the numbers.
for example if i would walk 7 x 1 steps forward, and jump back 5 steps pace....and suppose to keep doing the same, periodically...in the end i would be still moving forward.
the way i see it.
well, not only, the way i do it too.
else this week started this discord channel, keeping things a little different.
some of you are there, and we start to have more interaction, and although trading styles differ, it is still real live trading in the best sense.
anyone interested, i will post bellow an invite link that i will leave for the next 24 hours.
looking forward for a great July!
today i read some hints that even the airports may open next month, so in the and maybe i get a chance to fly to Hungary to visit my mom.
fingers crossed!
happy trading!
PS.
IMPORTANT:
this commercial status change does limit my messaging ability to 1 PM per 24 hours. ( i cant use shout, i cant message on your thread most likely.)
add to this different time of day, and sometimes maybe even the most ideal case it takes me 1.5 days to answer.
but it that PM used up for the day, multiply by 2-3x the time.
3 options:
A. add to the end of your PM your email, i can send plenty email from yahoo or gmail.
B. find me on discord
C. be prepared to wait for days; not bcos i dont care, but bcos how the current system works!
thank you for understanding!
there is always, always another trade!!
- #1,267
- Jun 30, 2020 9:00am Jun 30, 2020 9:00am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #1,268
- Jul 23, 2020 1:01am Jul 23, 2020 1:01am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
hi
a new link to the discord group:
https://discord.gg/9NaB26Z
this one will stay valid for up to 25 new users, so wont expire as quick.
it is mainly scalping. best suit traders interested in scalping.
however, disclaimer:
what i have in mind is generally an active trading room there,
members who joined for one reason or another, but inactive, will be removed, but can join back another time, should they want to.
else, the usual end of month update...well, will be the end of month
happy trading!
a new link to the discord group:
https://discord.gg/9NaB26Z
this one will stay valid for up to 25 new users, so wont expire as quick.
it is mainly scalping. best suit traders interested in scalping.
however, disclaimer:
what i have in mind is generally an active trading room there,
members who joined for one reason or another, but inactive, will be removed, but can join back another time, should they want to.
else, the usual end of month update...well, will be the end of month
happy trading!
there is always, always another trade!!
- #1,269
- Jul 31, 2020 9:34am Jul 31, 2020 9:34am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
end of July.
rollercoaster month at times.
but ended in good profit.
the discord room is doing fine.
start to have a good group of ppl, and real-time interaction beats forum posting.
here is a new link that is valid for up to 10 new joiners, in case someone interested, and a somewhat active trader, even demo. and yes, it is free!
https://discord.gg/eXvsBcB
please dont join to be a lurker, the inactive members are removed weekly.
happy weekend!
rollercoaster month at times.
but ended in good profit.
the discord room is doing fine.
start to have a good group of ppl, and real-time interaction beats forum posting.
here is a new link that is valid for up to 10 new joiners, in case someone interested, and a somewhat active trader, even demo. and yes, it is free!
https://discord.gg/eXvsBcB
please dont join to be a lurker, the inactive members are removed weekly.
happy weekend!
there is always, always another trade!!
- #1,270
- Aug 3, 2020 3:33pm Aug 3, 2020 3:33pm
- | Commercial User | Joined Aug 2014 | 3,922 Posts
a new link to discord, valid for max 25 joiners.
https://discord.gg/FQyCMn
forgive me posting a link with limits, trying to generally get quality users vs quantity.
not looking for "lurkers" and not interested in noobs looking for "secret sauce", "holy grail" or "magic indicators".
limited number of joiners make it a whole lot easier of a weekend clean up for me.
August has started!
happy trading!
https://discord.gg/FQyCMn
forgive me posting a link with limits, trying to generally get quality users vs quantity.
not looking for "lurkers" and not interested in noobs looking for "secret sauce", "holy grail" or "magic indicators".
limited number of joiners make it a whole lot easier of a weekend clean up for me.
August has started!
happy trading!
there is always, always another trade!!
- #1,272
- Aug 5, 2020 12:22am Aug 5, 2020 12:22am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
yet a new link for 25 users:
https://discord.gg/gzjD26
make sure you join properly, so you dont lose your acct when log out!
happy trading!
https://discord.gg/gzjD26
make sure you join properly, so you dont lose your acct when log out!
happy trading!
there is always, always another trade!!
- #1,273
- Aug 7, 2020 6:00am Aug 7, 2020 6:00am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
discord is getting more popular?
idk.
but get some messages about joining link.
https://discord.gg/kvrPdR8
happy weekend!
idk.
but get some messages about joining link.
https://discord.gg/kvrPdR8
happy weekend!
there is always, always another trade!!
- #1,274
- Aug 8, 2020 12:32am Aug 8, 2020 12:32am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
Just a little fun fact for the weekend:
Seeing the recent drama developed in a thread under trade discussions...someone asking proof of trades and calls, and other saying join this free trading room and see live calls there daily if you wish...and the subsequent name calling, finger pointing, ego boosting, and some outright lies even...
Is all in one the other half of my desire to get a distance between myself and the forum here.
There isn't much potential upside surrounding myself with generally negative ( ppl, threads, systems).
In that regard discord had just 1 incident yet, and that lasted less than 3 hours to cut short.
It is free to join, but it isn't equally mean to tolerate BS/bad attitude.
Lucky enough, it is a friendly place, and will stay that way.
Bcos there it is also my way. Or...
Happy weekend!
Seeing the recent drama developed in a thread under trade discussions...someone asking proof of trades and calls, and other saying join this free trading room and see live calls there daily if you wish...and the subsequent name calling, finger pointing, ego boosting, and some outright lies even...
Is all in one the other half of my desire to get a distance between myself and the forum here.
There isn't much potential upside surrounding myself with generally negative ( ppl, threads, systems).
In that regard discord had just 1 incident yet, and that lasted less than 3 hours to cut short.
It is free to join, but it isn't equally mean to tolerate BS/bad attitude.
Lucky enough, it is a friendly place, and will stay that way.
Bcos there it is also my way. Or...
Happy weekend!
there is always, always another trade!!
- #1,277
- Aug 31, 2020 10:16am Aug 31, 2020 10:16am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
the August update
this month went fast! Summer is over!
well, not exactly, though, one of the perks living in Thailand. most of the days it is summer!
trading was pretty smooth, and better than the past years, for August, which is a traditionally slow month for trading.
i am really looking forward for the next months, cos contrary to the summer, autumn tend to be my better period usually!
the little discord group is going very well, starting to have a strong core group of posters, many of them familiar from the forum here.
it is a totally different way to interract with other traders real time.
i acknowledge it isnt for everyone, although it is pretty much open everyone to join.
however, it isnt really the best suit any newbie traders probably, it isnt trading system thread to teach you how to trade ( although i may take on occasionally a student), and it isnt a place for free signals really.
and it isnt a place for lurkers in the background, who keep to themselves only.
what it is then?
a place for traders looking to spend time with other traders. a place to chat about trading matters, discuss some prop trading or other trading related things, or just chat, or maybe pick up some trading books to read.
the best thing: it is FREE!
https://discord.gg/4mteSBK
happy trading!
this month went fast! Summer is over!
well, not exactly, though, one of the perks living in Thailand. most of the days it is summer!
trading was pretty smooth, and better than the past years, for August, which is a traditionally slow month for trading.
i am really looking forward for the next months, cos contrary to the summer, autumn tend to be my better period usually!
the little discord group is going very well, starting to have a strong core group of posters, many of them familiar from the forum here.
it is a totally different way to interract with other traders real time.
i acknowledge it isnt for everyone, although it is pretty much open everyone to join.
however, it isnt really the best suit any newbie traders probably, it isnt trading system thread to teach you how to trade ( although i may take on occasionally a student), and it isnt a place for free signals really.
and it isnt a place for lurkers in the background, who keep to themselves only.
what it is then?
a place for traders looking to spend time with other traders. a place to chat about trading matters, discuss some prop trading or other trading related things, or just chat, or maybe pick up some trading books to read.
the best thing: it is FREE!
https://discord.gg/4mteSBK
happy trading!
there is always, always another trade!!
- #1,279
- Sep 3, 2020 11:37pm Sep 3, 2020 11:37pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #1,280
- Sep 4, 2020 3:04am Sep 4, 2020 3:04am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
{quote} This is a good exercise. Don't pull punches, spill it out as you see it. Don't bootlick, readers know when they read them. Discredits your testimony. Those lower in the pecking order, it's good to hear from you. Shoot without fear, don't be afraid to lose your place.
Anyone care to add some feedback regarding discord?
But the same time I can only repeat a previously extended invitation to BWilliam to come and check it out for himself. Live calls and all.
Nothing beat first hand experience.
Happy weekend!
there is always, always another trade!!