hi
skipped any updating last month, in preparation for a longer one, wrapping up the 2021 trading.
before anything else, i want to wish Everyone a Happy and Successful New Year 2022!
now, with that one out of the way,
anyone who doesn't like to read long posts, or doesn't care about statistics overall, this is the chance to click away.
if still here, then lets wrap up 2021!!
after yr 2020, this one was a lot less hectic one. maybe the lack of major events with big impact, idk. the pandemia is ongoing, and last year's news, no new major war started, the main election was in Germany, but that didn't stir the markets much.
as soon the stats will show, 2021 started out better for me, and then it went sort of unexcited.
overall can't complain about it though.
while this journal stayed semi-abandoned, the past 6 months still managed to get about 28000 views, with only 40 odds comments posted total the period ( not all mine!). i take that as a good indication that some still like to read the comments, or scroll thru some older posts; a reason i still do some updates, and maybe not let all sink to oblivion.
call me sentimental. but 4.5 yrs running this journal, 4.5 yrs trading full time, it has entries from good time, bad times, but always 'real times'.
the discord channel still has its loyal core members, even if a very small core. the reality is that many ppl pass thru, like in the forum, and not that many stay. it is easy to get a quick success trading, demo, or even live, and takes a lot more to show up and keep showing up months after months to trade most days.
easy for me, i don't have another 'job', just this one. but trading isn't easy. it is simple. but not easy.
i have started to create a new channel where i can once again send out invites, with Nafis went MIA, and him holding those permissions alone the time, i had limited options in that regard, but it will soon change.
also, i will build up a little more there the content for my former and future? students
i can see, more clearly than ever, that besides unrealistic expectations ( that often come from places like this forum, from peers) the biggest enemy of retail trading is being underfunded.
just to clarify it,
when i say unrealistic expectations, i don't only refer to %gain, but to something that is gain someone can keep up, least average, month after month after month. bcos a trader's income is his profit, and expenses are coming up every month, the same as for someone with a job. so, like or not, but it is desirable to have some sort of positive ( and preferable sufficient) cashflow to meet the expenses.
and there comes in also the underfunded aspect. without proper funding, there is constant performance pressure. real-life trading for a living isn't anything like an excel spreadsheet. if the trader is not hit the desirable %gain, the bills still will need to be paid. even if make a decent %gain, after withdrawing for the expenses, nowhere near a lot of profit left for compounding effect.
trading multiple accounts with somewhat different goals and risk profiles at times can be a difficult juggle, and is possible to lose sight of the goals.
i am for sure far from perfect most of the time. i make mistakes occasionally, and they cost me. i try to learn from them, but sometimes i don't learn, or not learn. or forget what i want to do.
but i have learned over time to try not to beat myself up too hard for a mistake ( unless it is really a critical one!).
so, have a look at 3 different accounts, and how they worked out in 2021.
1. Axiselect
the original plan was to get to 350k funded equity by the end of 2021. (somewhere mid-year Axi raised the max allocation limit to 500k)
generally, i can say i met my plan.
but wait. i didn't do very well, when it came to actually earning from it so far, the cashout is minuscule, getting a little greedy 2x that was turning out exactly the wrong time to do, and costing me a lot.
the other hand, i have a positive outlook for 2022 about this, and bcos the account was running as a side project, and i wasnt expecting much cash out of it for this year, in the end getting where the original plan was, i cant say i am unhappy. ( nor i can say i am happy, but that is some maximalism talking; no need to beat up myself about this result, as said above).
the result ( the initial equity was 10k, then 100k, 150k, 250k, 350k, see here for more: https://www.forexfactory.com/thread/...0k-funded-acct)
and the monthly breakdown:
that stop out in June cost me 1 month on the sideline, and of course a lot of effort to recover. the other dip wasnt nearly as bad. as of now, in theory, the next +100k add-on fund is secured, it is in my hand to not do anything silly before the 23rd Jan. the next year outlook is good, and i will work hard to keep that way.
2. Toy account
those who follow me know this account as "toy" or "the pepsi max fund" or sometimes the 'play account'.
this is my higher risk account. ideally the higher return as well.
a good way to put some not that great setups on, while waiting for the trades i like to commit too. counter some of the common FOMO ( actually i am not the best example for that, but i know ppl who really like to be in on most trades, for them i strongly suggest to have a toy acct like i have, so if burn, if will be relative mind dent, same time with a somewhat OK amount committed to it, the gains can be enough to pay for the Pepsi, or a pizza, or whatnot; enough to reward for a good month).
the toy account result for 2021: +151.68%
( this is month on month compounded result, some deposits and withdrawals are made, as Axi master's profit withdrawn here, and i also take money out for those pepsi and pizza)
in monthly breakdown:
November is the only "bad looking" month, even that i managed to bring back to green. fell sick that month, 2 hospital visits and a week away from trading, had to close some trades in dd cos found myself not be able to sit any longer, and the hedge cost both side the swap, knowing i will be out a few days, was the best to book the loss as is ( about -5%).
as for the result, 151% is great, and i am happy for it!
(i don't set hard goals for trading although like everyone, i have an idea what result i would like to see, for a high risk acct that would be 100%+ year).
3. Main account
holds the bulk of my equity, and as such it really tend to serve as a flagship account. trade it more conservatively usually, and aim a correspondingly lower return.
if anything, consistency is the goal here. like i have explained earlier, the bills/expenses are coming every month, so as a trader i should strive to meet them every month. and that is the goal. OK, it is a common goal, in the end "toy acct" had only 3 losing days this year too...i think that is good, especially when daytrading as i do.
main account like all others are also daytrading, no overnight holding, no open trades when i am not physically at the PC.
the main account's result 2021: +64.45%
in monthly breakdown:
2021 started better, but can't complain about the result. despite the withdrawals i could still keep some profit on the account, for example, Jan=Oct profit, even though Oct made 1.5% less gain.
one of my personal aim is consistency, and that where the main acct shine in 2021 (too)...
that is 1 losing day, a relative minuscule -1.09%. not to mistake with the worst/max dd, of course the intraday numbers dip deeper than that. the same time, there is no open ended holding, no trades running for days or weeks.
the longest trade ended in 10h 25m.
the average holding time on the main account is only 16 min in 2021.
i am a scalper. either trade or not trade. but dont marry positions. the only way i sleep good at nights, not thinking of trading. the only way going out, maybe meeting friends, and not feel the constant need to look at the prices. my way to running a balanced work and life.
summary: i made a living from trading in 2021 too, and fully intend to do the same in 2022
must also mention mentoring here.
i have mentored 7 students in 2021. maybe should say 6, bcos still mid of the lessons with the current one
without exception i came to know some nice, friendly guys, willing to learn.
the results arent uniform, but i stand behind my promise that i am always here, always available to chat and discuss trading with them.
i am proud to say 3 out of 6 managed to qualify to AxiSelect, and get a funded account!
while there is no guaranteed result, and trading also has other factors, like someone's timezone, time available to trade, equity, and yes, even a little bit of luck, i feel what i trying to teach is objective enough and replicable enough with some practice.
as some of the images above show, consistency is not impossible. those are not demo results, not overnight lucky breaks, not fakes. every student had a chance to trade with me via screen share, live.
plan to continue mentoring in 2022 as well.
it will be in a very similar base as this year, meaning an extremely limited availability of only 6 students probably!
and only 1 at the time.
it isn't free, bcos it is "work" for me, and like everyone else, i dont like to work free! time is coming off my free time. but i am fully committed, (sometimes maybe even more than the student is, i feel)
if someone is interested, can reach me here in PM, as usual.
this was 2021!
once again, Happy New Year to all of you!
and
happy trading!
Z
skipped any updating last month, in preparation for a longer one, wrapping up the 2021 trading.
before anything else, i want to wish Everyone a Happy and Successful New Year 2022!
now, with that one out of the way,
anyone who doesn't like to read long posts, or doesn't care about statistics overall, this is the chance to click away.
if still here, then lets wrap up 2021!!
after yr 2020, this one was a lot less hectic one. maybe the lack of major events with big impact, idk. the pandemia is ongoing, and last year's news, no new major war started, the main election was in Germany, but that didn't stir the markets much.
as soon the stats will show, 2021 started out better for me, and then it went sort of unexcited.
overall can't complain about it though.
while this journal stayed semi-abandoned, the past 6 months still managed to get about 28000 views, with only 40 odds comments posted total the period ( not all mine!). i take that as a good indication that some still like to read the comments, or scroll thru some older posts; a reason i still do some updates, and maybe not let all sink to oblivion.
call me sentimental. but 4.5 yrs running this journal, 4.5 yrs trading full time, it has entries from good time, bad times, but always 'real times'.
the discord channel still has its loyal core members, even if a very small core. the reality is that many ppl pass thru, like in the forum, and not that many stay. it is easy to get a quick success trading, demo, or even live, and takes a lot more to show up and keep showing up months after months to trade most days.
easy for me, i don't have another 'job', just this one. but trading isn't easy. it is simple. but not easy.
i have started to create a new channel where i can once again send out invites, with Nafis went MIA, and him holding those permissions alone the time, i had limited options in that regard, but it will soon change.
also, i will build up a little more there the content for my former and future? students
i can see, more clearly than ever, that besides unrealistic expectations ( that often come from places like this forum, from peers) the biggest enemy of retail trading is being underfunded.
just to clarify it,
when i say unrealistic expectations, i don't only refer to %gain, but to something that is gain someone can keep up, least average, month after month after month. bcos a trader's income is his profit, and expenses are coming up every month, the same as for someone with a job. so, like or not, but it is desirable to have some sort of positive ( and preferable sufficient) cashflow to meet the expenses.
and there comes in also the underfunded aspect. without proper funding, there is constant performance pressure. real-life trading for a living isn't anything like an excel spreadsheet. if the trader is not hit the desirable %gain, the bills still will need to be paid. even if make a decent %gain, after withdrawing for the expenses, nowhere near a lot of profit left for compounding effect.
trading multiple accounts with somewhat different goals and risk profiles at times can be a difficult juggle, and is possible to lose sight of the goals.
i am for sure far from perfect most of the time. i make mistakes occasionally, and they cost me. i try to learn from them, but sometimes i don't learn, or not learn. or forget what i want to do.
but i have learned over time to try not to beat myself up too hard for a mistake ( unless it is really a critical one!).
so, have a look at 3 different accounts, and how they worked out in 2021.
1. Axiselect
the original plan was to get to 350k funded equity by the end of 2021. (somewhere mid-year Axi raised the max allocation limit to 500k)
generally, i can say i met my plan.
but wait. i didn't do very well, when it came to actually earning from it so far, the cashout is minuscule, getting a little greedy 2x that was turning out exactly the wrong time to do, and costing me a lot.
the other hand, i have a positive outlook for 2022 about this, and bcos the account was running as a side project, and i wasnt expecting much cash out of it for this year, in the end getting where the original plan was, i cant say i am unhappy. ( nor i can say i am happy, but that is some maximalism talking; no need to beat up myself about this result, as said above).
the result ( the initial equity was 10k, then 100k, 150k, 250k, 350k, see here for more: https://www.forexfactory.com/thread/...0k-funded-acct)
and the monthly breakdown:
that stop out in June cost me 1 month on the sideline, and of course a lot of effort to recover. the other dip wasnt nearly as bad. as of now, in theory, the next +100k add-on fund is secured, it is in my hand to not do anything silly before the 23rd Jan. the next year outlook is good, and i will work hard to keep that way.
2. Toy account
those who follow me know this account as "toy" or "the pepsi max fund" or sometimes the 'play account'.
this is my higher risk account. ideally the higher return as well.
a good way to put some not that great setups on, while waiting for the trades i like to commit too. counter some of the common FOMO ( actually i am not the best example for that, but i know ppl who really like to be in on most trades, for them i strongly suggest to have a toy acct like i have, so if burn, if will be relative mind dent, same time with a somewhat OK amount committed to it, the gains can be enough to pay for the Pepsi, or a pizza, or whatnot; enough to reward for a good month).
the toy account result for 2021: +151.68%
( this is month on month compounded result, some deposits and withdrawals are made, as Axi master's profit withdrawn here, and i also take money out for those pepsi and pizza)
in monthly breakdown:
November is the only "bad looking" month, even that i managed to bring back to green. fell sick that month, 2 hospital visits and a week away from trading, had to close some trades in dd cos found myself not be able to sit any longer, and the hedge cost both side the swap, knowing i will be out a few days, was the best to book the loss as is ( about -5%).
as for the result, 151% is great, and i am happy for it!
(i don't set hard goals for trading although like everyone, i have an idea what result i would like to see, for a high risk acct that would be 100%+ year).
3. Main account
holds the bulk of my equity, and as such it really tend to serve as a flagship account. trade it more conservatively usually, and aim a correspondingly lower return.
if anything, consistency is the goal here. like i have explained earlier, the bills/expenses are coming every month, so as a trader i should strive to meet them every month. and that is the goal. OK, it is a common goal, in the end "toy acct" had only 3 losing days this year too...i think that is good, especially when daytrading as i do.
main account like all others are also daytrading, no overnight holding, no open trades when i am not physically at the PC.
the main account's result 2021: +64.45%
in monthly breakdown:
2021 started better, but can't complain about the result. despite the withdrawals i could still keep some profit on the account, for example, Jan=Oct profit, even though Oct made 1.5% less gain.
one of my personal aim is consistency, and that where the main acct shine in 2021 (too)...
that is 1 losing day, a relative minuscule -1.09%. not to mistake with the worst/max dd, of course the intraday numbers dip deeper than that. the same time, there is no open ended holding, no trades running for days or weeks.
the longest trade ended in 10h 25m.
the average holding time on the main account is only 16 min in 2021.
i am a scalper. either trade or not trade. but dont marry positions. the only way i sleep good at nights, not thinking of trading. the only way going out, maybe meeting friends, and not feel the constant need to look at the prices. my way to running a balanced work and life.
summary: i made a living from trading in 2021 too, and fully intend to do the same in 2022
must also mention mentoring here.
i have mentored 7 students in 2021. maybe should say 6, bcos still mid of the lessons with the current one
without exception i came to know some nice, friendly guys, willing to learn.
the results arent uniform, but i stand behind my promise that i am always here, always available to chat and discuss trading with them.
i am proud to say 3 out of 6 managed to qualify to AxiSelect, and get a funded account!
while there is no guaranteed result, and trading also has other factors, like someone's timezone, time available to trade, equity, and yes, even a little bit of luck, i feel what i trying to teach is objective enough and replicable enough with some practice.
as some of the images above show, consistency is not impossible. those are not demo results, not overnight lucky breaks, not fakes. every student had a chance to trade with me via screen share, live.
plan to continue mentoring in 2022 as well.
it will be in a very similar base as this year, meaning an extremely limited availability of only 6 students probably!
and only 1 at the time.
it isn't free, bcos it is "work" for me, and like everyone else, i dont like to work free! time is coming off my free time. but i am fully committed, (sometimes maybe even more than the student is, i feel)
if someone is interested, can reach me here in PM, as usual.
this was 2021!
once again, Happy New Year to all of you!
and
happy trading!
Z
there is always, always another trade!!
...anyways, I am probably already on his ignore list, so no worries.
Hoping you're being happy, to the extent that life allows you...
