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My way to highway

  • #1,481
  • Sep 20, 2022 10:37am Sep 20, 2022 10:37am
Quoting PDX
Hello Z., a pleasure to read from the beginning till the very end of this thread - remarkably a feat on your endeavor. one must admit on the progressive yet stable endeavor of managing accounts whilst sticking to the trading plan. is it truly wrong for me (a new entrant) to aim for being a very .. very .. very .. very .. average trader?? looking forward to the next post of yours (especially the brutal truth and analogies). happy trading, Pdx
hi PDX,

thanks for reading my journal.
i guess it isn't wrong to be a very average trader.
as long that average means profitable.
while ppl often like to attach mythical perceptions to trading, how i see it, like anything else that can make ends meet.
the low end to the ceiling there may be a lot bigger income variation than for taxi drivers or teachers or stonemasons, but the bottom line is just as simple:
are you good enough to pay your bills and make a living from what you are doing or not?
if that answer is yes, there is little to add.
still can strive to be better, and likely with experience will get better.
just like a taxi driver or a teacher or a stonemason will.

curious coincidence but just this morning i went to re-read my opening post to this journal. the original part from over 5 yrs ago, not the "foreword" that was added later in 2019.
and i have to say, even i was surprised that how much everything is the same in principles as they were in 2017 when i went full time.
probably one of my strong attributes is that i don't change things much, if they work i can stick to them.
end of Q3 is just around the corner.
there is a few topics on my mind to write about, but it takes lots of time to write a longer post. maybe i will post something additional to the usual end-of-month update, but maybe not, undecided about it. still have some days to cross that bridge, will see when i get there.

happy trading!
Z
there is always, always another trade!!
  • #1,482
  • Sep 21, 2022 9:22pm Sep 21, 2022 9:22pm
hi Z.,

thanks for your kind responses (looking back a lot of posts ago, seems like you thanked everyone for reading your journal!)
-- much appreciated on your precious time in typing & thinking -- sometimes you (really) thinkest too hard...

nice to see a different perspective of being very average yet profitable, sounds like a full "full-time" job (and it well is).
we don't live in realm of mysticism or magic!
my plan now is to just observe the movements of the charts - about 32~36 pairs in the market-watch my guess.

hmm principles, one of the reasons why I decided to seek opinions.
what I seen; 1 system, 1 practical brain (including acknowledging edge may perish just like mortality), and followers/readers/mentees.

to pen down your thoughts is your prerogative, my honor to read if you welcome me of course.
elated to see you of esteem, and similar statute.

Q3 happens perpetually in context, but your thoughts and journal a legacy.
will drop you a PM about Skype contact and Discord channel - do respond sparingly and leave the precious 1 daily PM limit (plus time interval delays) for others.
I do need betterment just not sure how to value create in the discord community.

and yes, the of yours never fail to amaze me in (almost) every post, reminded me of a someone who works with smiles daily, rain or shine.

now, here's the issue, I can't seem to put a "Thumbs Up" for the post - forgive me for the delayed post here - took me some time to figure out a junior member can't give a Thumbs (Up or Down) - seems like a comedy because putting thumbs cannot be interpreted "Spamz", no?

heck.. I even went the mile to get a "Thumbs Up" from Google image sources (royalty-free), compared them, and decided to give this peculiar one just in case the "Thumbs" got broken again (means cannot be pressed!)

much appreciated your kind gesture of penning down your thoughts - in life, there're many bridges and likely we cannot break the chains of chronologic - respect your choice of bridge.

happy trading,
P.
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PDX adjusts risk, not scales..
  • #1,483
  • Sep 24, 2022 1:35am Sep 24, 2022 1:35am
Hi guys,

Just wanted to share my positive experience after finishing my teachings with Zoltan. After many years of trying to get profitable or at least go in that direction, I have failed. Spent so many hours, days, years learning different strategies, reading forums, watching videos, back testing, forward testing and so on. However, nothing seemed to work, to the point that I was about to give up on trading, until I accidentally stumbled upon this thread and met Z.

I am very happy that I took a final try and decided to learn from Zoltan. From the very beginning I have felt that finally he is a real deal and not just some fake guru who just wants to take your money. Zoltan is a very good and patient teacher, he explains everything with clarity and goes with your pace. He doesn't rush into it and takes it slow to make sure you understand everything that is needed to be a profitable trader. I like how he always have real life examples which he then relates to trading.

After trading live with him now for a while I didn't have a single losing day and now I believe everything is up to me how I make it and how much effort I will put in, as it is trading and experience is still needed to be confident in what you are doing.

But even after the course is finished, he offers support, free of charge, and you could always join him and trade live, which I believe is very generous.

Would I recommend Zoltan?

Yes! It is going to be your best investment if you are still struggling in this very difficult game.
  • #1,484
  • Sep 25, 2022 10:38am Sep 25, 2022 10:38am
Quoting PDX
hi Z., thanks for your kind responses (looking back a lot of posts ago, seems like you thanked everyone for reading your journal!) -- much appreciated on your precious time in typing & thinking -- sometimes you (really) thinkest too hard... nice to see a different perspective of being very average yet profitable, sounds like a full "full-time" job (and it well is). we don't live in realm of mysticism or magic! my plan now is to just observe the movements of the charts - about 32~36 pairs in the market-watch my guess. hmm principles, one of the reasons...
hi PDX,

thanks for the thumb up
(i think your not being able to push the button was related to your now past "new member" status.)

you have mentioned in your post seeking opinion.
not sure what you really meant, but i may give you an opinion on your plan, this one:
"my plan now is to just observe the movements of the charts - about 32~36 pairs in the market-watch my guess."

while i am not belonging the "watch-only-1-pair-to-master" camp, in my humble opinion 32-36 pairs is plenty too many, and likely a huge waste of time.
in the end of course it comes down to preferences ( and typically that comes from own experice); in my case it is about 12-15 pairs that i found to suit my needs the best. mostly those eru and gbp crosses, and a few additional ones, like audusd, usdcad, gold, and maybe indices like dow, nq.
a lot more than 1, a lot less than 36, but generally give a good view and coverage of the market as is.
i prefer low spread and healthy daily trading ranges, and most days these many pairs more than enough to find some opportunities.
in the odd days, when not, then it would be most likely the same, the market generally dead that day; best to do something else then.

just an opinion. nothing more.
you do whatever works for you best.

happy trading!
Z
there is always, always another trade!!
  • #1,485
  • Sep 25, 2022 10:48am Sep 25, 2022 10:48am
Quoting Dariusfxlife
Hi guys, Just wanted to share my positive experience after finishing my teachings with Zoltan. After many years of trying to get profitable or at least go in that direction, I have failed. Spent so many hours, days, years learning different strategies, reading forums, watching videos, back testing, forward testing and so on. However, nothing seemed to work, to the point that I was about to give up on trading, until I accidentally stumbled upon this thread and met Z. I am very happy that I took a final try and decided to learn from Zoltan. From the...
hi Darius,

thank you for the kind review/words. i am happy to know you found the past weeks useful to your trading journey!
the lessons are finishing, but the real-life trading is just starting.
being able to make profit day after day when learning is showing and proving you that it is possible.
from there on it is up to you if you are able to follow the approach, and able to patiently wait for the proper setups for the best potential outcome.
waiting can be hard. being on the sideline, going in one way or another is a constant temptation.
but sometimes the very best place to be is the sidelines! too many trader miss that part! you should not!
of course, i will be around to help you if needed.

happy trading!
Z
there is always, always another trade!!
  • #1,486
  • Sep 27, 2022 6:42am Sep 27, 2022 6:42am
Quoting profitfarmer
{quote} hi PDX, thanks for the thumb up (i think your not being able to push the button was related to your now past "new member" status.) you have mentioned in your post seeking opinion. not sure what you really meant, but i may give you an opinion on your plan, this one: "my plan now is to just observe the movements of the charts - about 32~36 pairs in the market-watch my guess." while i am not belonging the "watch-only-1-pair-to-master" camp, in my humble opinion 32-36 pairs is plenty too many, and likely a huge waste of time. in the...
Hi Z.,

good to be posting again.

your opinion worth more than sands on the seashore. especially coming from years of accumulated and amalgamated exposure.
sounds good, let's do the 12 to 15 pairs (including indices and precious metal).

and yes, healthy ranges and low spreads tend to fit my learning curve - high spikes vols tend to "scare" me away as a newcomer. the same goes for employment whereby initially high peak volume workload tends to frighten anyone...

then again, really looking forward to your next update on the basis of your prerogative.
really appreciated your responses and like the "Thumbs Up" emoji

happy trading,
P.
PDX adjusts risk, not scales..
  • #1,487
  • Oct 1, 2022 12:45pm Oct 1, 2022 12:45pm
end of September.

additionally, it is the end of Q3. a moment later will be clear why that mattered a lot to me.

September was an interesting month, see lots of moves, lots of volatility up and down, and plenty of new multiyear highs or lows.
overall managed to stay safe, kept moderate to very conservative max DD most days, and pulled thru another month with all green days.
like Darius mentioned in his post ( https://www.forexfactory.com/thread/...7#post14150747 ) we have been doing live trading this month, where most of the time another former student of mine also joined, so had some live trading fun too, and traded less alone per se. trading can get boring at times, and although i can handle to be trading alone, good company is always welcome. yes, that is a standing invitation to you, former students!

like i said trading went pretty well, better than at the beginning of the month i thought it may. not that there is solid targets to hit beyond paying for the bills; that is favorable. the end came to +9.7%, a little short to the coveted double-digit gain, but i couldn't care less. in fact Friday just stayed on the sideline, not pushing to do anything.
the results are as they come, and there is no chasing after numbers whatsoever to impress anyone. not even a race against myself. making 0.3 more or less ( to reach 10%) wont make or break my monthly budget in any shape or form, thus i dont chase after any such numbers. ( and nor should anyone chase after a set amount of profit really, imho ).
this is how the year looks like till now:

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AxiSelect: where Q3 will be an important matter... AxiSelect has a quarterly payout, ie end of every 3 months. Bcos the March stop out, and the sideline penalty after, i had started Q3 ( in July) still in the red a couple%. that was methodically worked off the last months, to end September on a new equity high. which in turn should/will result in a paycheck of the performance fee. i know most would think 20% payout isnt a lot, but i feel it is worth the trouble for me. definitely little extra input from my side, for a potential 1k aud per 1% profit generated ( at 500k funding). it is free after all!, so what not to like about it really?!

mentoring: i think i have got the spot filled. if confirmed, that also means mentoring is closed for the remaining of 2022.

apart, like most, i have also some ideas i am toying around in my hand about the short and medium-term future, but they are often just that, ideas.
will see what the future brings....
in the meantime, the immediate goal is to finish up the year with 3 more good months.
i believe, based on the statistics above, it seems a doable goal. and one worth persuading.

happy trading!
Z
there is always, always another trade!!
  • #1,488
  • Oct 1, 2022 12:51pm Oct 1, 2022 12:51pm
Quoting profitfarmer
end of September. additionally, it is the end of Q3. a moment later will be clear why that mattered a lot to me. September was an interesting month, see lots of moves, lots of volatility up and down, and plenty of new multiyear highs or lows. overall managed to stay safe, kept moderate to very conservative max DD most days, and pulled thru another month with all green days. like Darius mentioned in his post ( https://www.forexfactory.com/thread/...7#post14150747 ) we have been doing live trading this month, where most of the...
Congratulations on your success, Zoltan. I'm happy to know you're always steadily growing, "little by little" but stable and consistent. Cheers!
Wishing good "fate" to all your lucky students, past and future
  • #1,489
  • Oct 3, 2022 6:41pm Oct 3, 2022 6:41pm
Quoting Viktor
{quote} Congratulations on your success, Zoltan. I'm happy to know you're always steadily growing, "little by little" but stable and consistent. Cheers! Wishing good "fate" to all your lucky students, past and future
i have lots of respect for ZOLTAN , I do like his videos and traders should look
people leave, but this thread will go on for ever
  • #1,490
  • Oct 3, 2022 8:25pm Oct 3, 2022 8:25pm
Quoting Aussi
{quote} i have lots of respect for ZOLTAN , I do like his videos and traders should look
Hi Aussi,
I don't have videos.
I have done 1 podcast with Djamal.
( The only other I know of is one interview recorded for Axiselect back in 2018, think never published, and I don't have a copy either).
Are you sure you aren't mistaken me for someone else?

Happy trading!
Z
there is always, always another trade!!
  • #1,491
  • Oct 3, 2022 8:41pm Oct 3, 2022 8:41pm
Quoting profitfarmer
{quote} Hi Aussi, I don't have videos. I have done 1 podcast with Djamal. ( The only other I know of is one interview recorded for Axiselect back in 2018, think never published, and I don't have a copy either). Are you sure you aren't mistaken me for someone else? Happy trading! Z
I think Aussie actually has supernatural powers to read minds (and read the markets)

I believe you might be thinking about doing some videos and he picked up on that. I’m already looking forward to them and your new YT channel.

Just kidding.
Have another great week in the markets.
Empty your mind and let the market guide you
  • #1,492
  • Oct 3, 2022 10:00pm Oct 3, 2022 10:00pm
Quoting SunnyCoast
{quote} I think Aussie actually has supernatural powers to read minds (and read the markets) I believe you might be thinking about doing some videos and he picked up on that. I’m already looking forward to them and your new YT channel. Just kidding. Have another great week in the markets.


thx Anthony, will do my best!
there is always, always another trade!!
  • #1,493
  • Oct 3, 2022 10:05pm Oct 3, 2022 10:05pm
Quoting SunnyCoast
{quote} I think Aussie actually has supernatural powers to read minds (and read the markets) I believe you might be thinking about doing some videos and he picked up on that. I’m already looking forward to them and your new YT channel. Just kidding. Have another great week in the markets.
believe he did some in his old thread before he they made him go commercial i have one or two on my thread some ware
people leave, but this thread will go on for ever
  • #1,494
  • Oct 3, 2022 11:17pm Oct 3, 2022 11:17pm
Quoting Aussi
{quote} believe he did some in his old thread before he they made him go commercial i have one or two on my thread some ware
Aussi, my friend, THIS is the old thread
but is it only the thread that getting old?

joke aside, i am glad you are in better health again! take good care of yourself!
there is always, always another trade!!
  • #1,495
  • Oct 7, 2022 10:09am Oct 7, 2022 10:09am
Hello PF,
I'm Gene. Just finished going through this thread; the commentary is brilliant BTW. In my 4 years of trading, you're literally the 2nd person I've seen with this kind of a robust track record. Just wanted to ask if we can talk in private. I want to make some enquiries please. Thanks in advance.
  • #1,496
  • Oct 7, 2022 11:10am Oct 7, 2022 11:10am
Quoting chweezy
Hello PF, I'm Gene. Just finished going through this thread; the commentary is brilliant BTW. In my 4 years of trading, you're literally the 2nd person I've seen with this kind of a robust track record. Just wanted to ask if we can talk in private. I want to make some enquiries please. Thanks in advance.
hi Gene,
thanks for reading my journal.
i would send you my contact, only that i see both your PM and shout option disabled/not enabled, probably bcos a new member on the forum.
do you have a discord/skype/email? where i can send it?

happy trading!
Z
there is always, always another trade!!
  • #1,497
  • Oct 7, 2022 12:47pm Oct 7, 2022 12:47pm
Quoting profitfarmer
{quote} hi Gene, thanks for reading my journal. i would send you my contact, only that i see both your PM and shout option disabled/not enabled, probably bcos a new member on the forum. do you have a discord/skype/email? where i can send it? happy trading! Z
Indeed, I signed up here just recently. We can chat on Discord. My username is GeneX#0230. Please send a text there.

Thanks again.
  • #1,498
  • Oct 7, 2022 1:24pm Oct 7, 2022 1:24pm
Quoting chweezy
{quote} Indeed, I signed up here just recently. We can chat on Discord. My username is GeneX#0230. Please send a text there. Thanks again.
sent a friend request on discord.
there is always, always another trade!!
  • #1,499
  • Oct 7, 2022 1:32pm Oct 7, 2022 1:32pm
Quoting profitfarmer
{quote} sent a friend request on discord.
Just seen it...Thanks
  • #1,500
  • Oct 31, 2022 2:07pm Oct 31, 2022 2:07pm
end of October.

it was bit of a mixed month.
main acct has no issues, but rather smooth trading. the month started stronger, the later part wasnt that exciting, but still managed a very solid +8.14% gain.
2022 is looking good so far, despite a slow start, and already passed 2021 final even though last year had only positive months.
but the year is far from over yet!

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had some issues with axi acct, however.
Q3 finished nicely up, on HWM and all, but the payment was delayed, and so far only received about 60% of the performance fee due from the last quarter. then approx 2 weeks ago promptly encountered a loss, that was due to trying to tackle a trade more aggressively than i should, coupled with picking there the worse pair ( EJ vs GJ that i took on main acct that setup) ending me taking a loss, but within limits, dropping to about -8%. silly error, human error. a reminder i am not invincible. no one is.
while a chunk recovered, due the month's dd limit rules trading had to continue a lot slower until the dd limit to reset to allow me to trade once more up to the 'normal sizes'. thus October/Q4 there stands -6.64% the moment. with about 7 weeks left until Xmas, the Q4 goal will be to recover to HWM. no particular hurry, just to set a goalpost. believe it is doable, especially if the midterms keep up some volatility in the majors.

discord room had some new joiners recently, and after a long time got a female member to join, too, along a few guys. else no changes, i keep my non-pol-correct compliant commentary there. a good platform for real talk on "sensitive" topics.

was also mentoring in October, and just started the live trading sessions with my student. that will continue until about the end of this month. i think we are doing well, hope he feels the same.

the live sessions (skype/screen share) continue, and are open to all former students. if want to join, can ask about times by messaging me, or checking the student-room on discord where i usually post about a day ahead the planned session time.
is free of charge, too!

and finally, something not trading,
on the 20th November will be running the half marathon in Bkk. must say i am in worse shape than i was 2 months ago in Bali, so it will likely be a challenge, and i dont even mean the 3 am start.
but if that will be the biggest difficulty for November, then i shall be just fine.
will know in 30 days time.

happy trading!
Z
there is always, always another trade!!
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