Steviet's Live Trades!

Quoting Daemien

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Hi Steve,

I thought you may find this interesting just in case you haven't found it online. It is the original Turtle rules in it's entirety (you can find it for free online, altho a few sites 'ask' for donations). They were definitely trend followers, but they were looking at longer-term than what most here are doing. Of course most of us here are not trading other peoples money, and welcome higher risk for the potential rewards

Keep up the excellent work!!

D.

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Quoting sagecss

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Daemein, thank you for the pdf .

Steve, keep going buddy, you're doing great!

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Quoting steviet

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Once I grow my account balance to $5000, I'll start another account at Oanda & each $5000 I will use a different broker to reduce risk. Don't want all my efforts to be gone in a flash with a Refco scenario.

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Quoting steviet

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Keeping with the positive theme, my account balance is currently $203.56 (has been as high as $220) from an initial start up of $160.

This would equate to $2035 from $1600 and $20350 from $16000

Now, you may say 'well, it's different trading with larger amounts so you probably wouldn't have got the same results.' That statement is exactly why I'm testing on such a small balance so that I let my balance grow in line with my will power lol.

Once I grow my account balance to $5000, I'll start another account at Oanda & each $5000 I will use a different broker to reduce risk. Don't want all my efforts to be gone in a flash with a Refco scenario.

It'll take time but I've got plenty of that God willing so patience remains the name of the game.

Kind Regards
Steve

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Quoting king_a

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hi
sorry but u.cad seems in a corection at least but news may do your favor...
do you mind to explain refco story ...thx

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Quoting Typruss

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en.wikipedia.org/wiki/Refco Try this

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Quoting steviet

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Cheers

My remaining positions are all positive pips at the moment so hopefully will be able to lock in some profit in the next few days. GU has gone where I thought it would but was stuck in a long as per plan & UJ seems to have hit my stop loss & bounced back lol.

Oh well, in the grand scheme of things I'm still up over 25% from when I started which is pretty good I guess.

Kind Regards
Steve

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Quoting ghamal

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Hi steviet, thanks so much for this thread and sharing your wonderfully straightforward method and showing what discipline can do for a trader.

I have been wondering however about your calls on cable the past few days since you have a good track record on it. It struck me that you mention being "stuck" in those calls because of your system. I thought you re-evaluated whether to go long or short based on price action and the system only mandated your stops. But you seem to imply that there is some other pre-set strategy for choosing the direction of the trade and you don't have discretion to choose which side you're going.

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Quoting steviet

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Keeping with the positive theme, my account balance is currently $203.56 (has been as high as $220) from an initial start up of $160.

This would equate to $2035 from $1600 and $20350 from $16000

Now, you may say 'well, it's different trading with larger amounts so you probably wouldn't have got the same results.' That statement is exactly why I'm testing on such a small balance so that I let my balance grow in line with my will power lol.

Once I grow my account balance to $5000, I'll start another account at Oanda & each $5000 I will use a different broker to reduce risk.

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Quoting guiomdetalle

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Ghamal,
What Steviet means is that since his long GU was still open he will not close it even if it seems that it will go down the next day. Instead he waits for the SL to be hit.
Please read the whole thread and you will understand is strategy and the fact that he really sticks to it, which is the best way to know whether it works or not on the long term

Guiom

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Quoting SeekingLight

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Heyo,
thought I best answer over here

Sounds very similiar to my plan.
I know it currently looks like things might be a bit in a rut, but actually we may well be moving again... don't let the whiplashing and to-and-fro get to you, I believe that you've done the exact right thing.
Backtested thoroughly, become convinced and stuck to something.
To be honest, I think you may have become more of an inspiration to me than anything (Hanging on to trades for the possibility of catching the bigger runs we know exist. Also this approach is the BEST anti-overtrading medicine, ever.)

I follow the same idea stakewise btw, if you can do it with 1 cent, you can do it with 100$ per point. The pips remain the same. Ignoring a few more zeroes is not going to break the basic concept, is it?
If it sticks, it sticks.

Don't get discouraged - if you ever do, just look at the past completed months bottom lines in net PIPS profit


Best wishes from me,

SeekingLight

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Quoting hilmy83

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hey steve,

Since all your pairs are USD related, you could diversify in the cross pairs when you're done with this journal. Some crosses are trending very well while USD pairs are pretty much dead for these couple of days. So that way your losses in USD pairs are offset by big wins in the crosses.

diversify your portfolio is what i say..

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Quoting markt

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Keep up the good work Steve... !!
A new dawn is just around the corner!! (for sure!)

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