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My trading journey

  • #2,801
  • May 13, 2011 3:36am May 13, 2011 3:36am
Quoting dongsky
just feel the market and follow...

you see what happened to me just now my scorpion play big time...

at least damage is under control now...

time for me to take a breather...
Thanks dongsky your right as i'm reading over my post i can see the "rigidy" throw my crystal ball
  • #2,802
  • May 13, 2011 3:44am May 13, 2011 3:44am
that's no good dongsky. over 500 pips down is hardcore... at least to me it is. maybe in your framework it's not as bad as it sounds.

unfortunately, scorpions have nothing to do with getting hit with a massive loss. ignoring the game of russian roulette is the 'scorpion'. the facts is a lot of people are choosing to ignore that every potential loss that you average down (or 'rescue') and don't take the loss on is effectively being banked into an imaginary loss fund which grows over time as you refuse to take losses, and the day eventually comes that you will be forced to cash the banked losses all in one go. you either take the small losses one after another, or you cop them all in one go.

grain of salt though. i'll admit i'm anti-fti. it's one thing to have seemingly unlimited funds and average down and up and every which way you want, and it's another thing to be a retail trader with a very specific amount of funds available which need to be applied correctly. "ants work" doesn't cut it for me as a retail trader.

this is either a learning opportunity, or a wake-up call. guys like you and mamood worry me, seriously.

esuffw : looking forward to hearing how you approach things these days. you have been gone a long time.
Congratulations ScalaFX for coming out of the closet!
  • #2,803
  • May 13, 2011 4:00am May 13, 2011 4:00am
Quoting nubcake
that's no good dongsky. over 500 pips down is hardcore... at least to me it is. maybe in your framework it's not as bad as it sounds.

unfortunately, scorpions have nothing to do with getting hit with a massive loss. ignoring the game of russian roulette is the 'scorpion'. the facts is a lot of people are choosing to ignore that every potential loss that you average down (or 'rescue') and don't take the loss on is effectively being banked into an imaginary loss fund which grows over time as you refuse to take losses, and the day eventually comes...
appreciate it and i cannot agree more... everyday is a learning opportunity to me my friend... and guys like you make me humble...

again, lesson learned and i have to say next... wake-up call... but of course, everytime i realise and admit i'm wrong... it's nice to have a wake-up call...

thanks for your worry... but i am more relax trading now a days... and hey... my foreign capital gain for the week is still up... although down by 38% as of today... but it's only this week's gain

bottom line my friend... i'm still surviving and making a living now...

again, thanks for dropping by... i really appreciate your words...

reagrds,
Success consists of going from failure to failure without loss of enthusiam
  • #2,804
  • May 13, 2011 4:04am May 13, 2011 4:04am
Quoting dongsky
appreciate it and i cannot agree more... everyday is a learning opportunity to me my friend... and guys like you make me humble...

again, lesson learned and i have to say next......
it's only from this week? that's not so bad then. still bites hard though.
Congratulations ScalaFX for coming out of the closet!
  • #2,805
  • May 13, 2011 4:06am May 13, 2011 4:06am
Quoting esuffw
Medium losses are un-avoidable with dollar cost averaging. Yet still you will be having a positive week which is what's important.

P.S* This is where I depart with FTI's strategy. I keep my losses very small nowadays and flip very often. Never had to go through hard rescues anymore, but lowers success rate...

Keep it up
that's true... and thanks...

losses are... but part of our battle... my loss today was just almost my gains yesterday but hey, little did they know i'm up by few hundred pips more

fti's strategy? methodology is more appropriate for his teachings...

so far it works for me... it fits on my personality per se... but it doesn't mean it will work for everybody... first requirement to be good at this method is... proper mindset and solid balls hehehhee...

again, thanks and regards
Success consists of going from failure to failure without loss of enthusiam
  • #2,806
  • May 13, 2011 4:11am May 13, 2011 4:11am
Quoting nubcake
it's only from this week? that's not so bad then. still bites hard though.
yep, that's the first rule i learned from him, rule # 1... protect book... and as of rule #2... protect book... and rule #3... don't forget rule #1...

so early day of the week... i trade defensive... until a foreign capital builds up... then on the busy days of week... can trade aggressive a little bit...

of course it does bite hard... loosing 1 pips is the same.
Success consists of going from failure to failure without loss of enthusiam
  • #2,807
  • May 13, 2011 4:16am May 13, 2011 4:16am
sx3x4320 eu
sx3x4315 eu

..........

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sx3x4305
Success consists of going from failure to failure without loss of enthusiam
  • #2,808
  • May 13, 2011 4:26am May 13, 2011 4:26am
... i'm still short...

i'm not a pig although i look like one... but never a pig!
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Success consists of going from failure to failure without loss of enthusiam
  • #2,809
  • May 13, 2011 4:32am May 13, 2011 4:32am
sx5x4293 eu

.....

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Success consists of going from failure to failure without loss of enthusiam
  • #2,810
  • May 13, 2011 4:35am May 13, 2011 4:35am
Quoting dongsky
... i'm still short...

i'm not a pig although i look like one... but never a pig!
still learning dongsky but would'nt you consider this move down as a retracement and look for a position to go long?
  • #2,811
  • May 13, 2011 4:43am May 13, 2011 4:43am
squared! 4298 ... need quick pips
Success consists of going from failure to failure without loss of enthusiam
  • #2,812
  • May 13, 2011 4:49am May 13, 2011 4:49am
Quoting kingjames
still learning dongsky but would'nt you consider this move down as a retracement and look for a position to go long?
could be... that is very possible... but all i can say is ... nimble!

yep... that's what i'm gonna do if i'm not wounded with shorts hehehe...

just follow her...
Success consists of going from failure to failure without loss of enthusiam
  • #2,813
  • May 13, 2011 4:53am May 13, 2011 4:53am
Hi Eddy,

Hang in there. A bit of a bad start to the trading day but you are doing ok. As long as you are using foreign capital you should be right.

As it is Friday I am just hitting and running.

Glad to see your comment "making a living now..." That is a big step forward. Well done!

Kind regards, Ray
  • #2,814
  • May 13, 2011 4:55am May 13, 2011 4:55am
Quoting dongsky
could be... that is very possible... but all i can say is ... nimble!

yep... that's what i'm gonna do if i'm not wounded with shorts hehehe...

just follow her...
I hear you, learned alot following you tonight thanks and have a great weekend!
  • #2,815
  • May 13, 2011 5:07am May 13, 2011 5:07am
Quoting 1234
Hi Eddy,

Hang in there. A bit of a bad start to the trading day but you are doing ok. As long as you are using foreign capital you should be right.

As it is Friday I am just hitting and running.

Glad to see your comment "making a living now..." That is a big step forward. Well done!

Kind regards, Ray
thanks for your kind words Ray...

same here now... i'm just snipping pips...
Success consists of going from failure to failure without loss of enthusiam
  • #2,816
  • May 13, 2011 5:09am May 13, 2011 5:09am
Quoting kingjames
I hear you, learned alot following you tonight thanks and have a great weekend!
that's the way
...........

i flip now... need to snipe some pips... to go!

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Success consists of going from failure to failure without loss of enthusiam
  • #2,817
  • May 13, 2011 5:53am May 13, 2011 5:53am
Quoting dongsky
# 1... protect book... #2 don't forget rule #1...

so early day of the week... i trade defensive... until a foreign capital builds up...
Engraved!

Thanks!!
  • #2,818
  • Edited 1:04am May 16, 2011 12:51am | Edited 1:04am
squared @ 1.4103...

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bx3x4100 eu
bx3x4103 eu
.........
bx3x4089 eu
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bx3x4084 eu


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then.... i squared!

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Success consists of going from failure to failure without loss of enthusiam
  • #2,819
  • May 16, 2011 12:59am May 16, 2011 12:59am
it looks like a correction day today... looking at buying euro...

but squared at the moment... looking for a good voalatile market to start with...

coffee time!
Success consists of going from failure to failure without loss of enthusiam
  • #2,820
  • May 16, 2011 1:01am May 16, 2011 1:01am
will (aka eraptheman),

pm mo ako later sa skype... mag live dancing tayo

tang'na macho dancer ka pala? hanep naman... lakas ng dating mo men

...

mag walking muna ako...

later!

p.s. gusto mo matuto ng mabilisan... sabayan mo ako... sige kita-kits tayo mamya...
Success consists of going from failure to failure without loss of enthusiam
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