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Proof That Ultra Profitable Trading Is Indeed Possible

  • #121
  • Oct 6, 2012 2:41pm Oct 6, 2012 2:41pm
Quoting Chicky
Super, the primary reason I spend so much time here is not want someone else to go through all the pain I had to go through. I believe in karma.

Once said that, with 1%, your account will initially grow at a very slow pace, so slow that you would think its not worth. But it will ultimately multiply. The good thing is that with this controlled risk you can start even with a large sum without worrying about the outcome and trading will be pleasure not stress.

But you have to follow that every fuckin time, no matter what. You break the rules...
Thank you so much chicky...one day if am successful..i would come and visit you and we'll talk about the market..

I have done some backtesting on 1m and i found that i have worked so little before..My understandings of the price before was so limited and primitive.so many things i have missed...seriously i thought i have worked hard..but there were a lot of things that i missed...i think i would need to study the charts more..and while 1% is very safe it is not really optimal...2% would be better if you have a winning strategy. You could lose 10 times in a row and still be alright.. There are still many charts that i need to go before i can go live again.

The illusion of knowledge...luckily i chose to stay foolish
  • #122
  • Oct 6, 2012 2:57pm Oct 6, 2012 2:57pm
This guy shows his style of scalping..Well everyone got their own style..You just need to work hard and find yours....

Inserted Video
  • #123
  • Oct 8, 2012 3:33am Oct 8, 2012 3:33am
I think i am sober now...

I have been searching and constantly pursuing the holygrail...and constantly gamble away hard earned money thinking i was doing any good with trading..I risked too much per trade and that is what i want to change...i probably will not make 100% per day...but that is not my goal. My goal is to be profitable every single day, every weel, every month, every year, every decade, thus a lifetime.

I think i had an epiphany again today but it was not about a trading system but rather finding myself. Understanding my capabilities. I understand i will need to change the way i view the market. I must asses them in terms of probability. Without a real method with solid money management i will not succeed. I will try my best this time to maintain my composure and not to risk too much in a single trade. My maximum risk per trade is 3.3%. I want to make it 5% but that is way too much. I will resume live trading today.

May the fresh starts with a 'sober' me would give extra good results. I no loger want to try to scalp of 1m..Way too stressing and it was not worth it..maybe just not for me

You got to to find your own 'way' of trading....
  • #124
  • Oct 8, 2012 7:03am Oct 8, 2012 7:03am
I have gone live again!! This time with a proper expectation. Will do my very best.
  • #125
  • Oct 8, 2012 7:20am Oct 8, 2012 7:20am
Here is a position i am in at the moment.
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  • #126
  • Oct 8, 2012 2:54pm Oct 8, 2012 2:54pm
Good luck with the new account! I'm also trying to find my way. My explorer has been live for a couple of months now.
  • #127
  • Oct 8, 2012 9:18pm Oct 8, 2012 9:18pm
Quoting Smokeymar
Good luck with the new account! I'm also trying to find my way. My explorer has been live for a couple of months now.

Thanks! Yes work on it...and who knows you might be one of the greatest..
  • #128
  • Oct 9, 2012 7:37am Oct 9, 2012 7:37am
Quoting Supertrader9
Thanks! Yes work on it...and who knows you might be one of the greatest..
TBH, I used to think about making abnormal returns and being great. But, recently I have stopped thinking that way. I don't need to be the best or make the most. My goals have become more realistic. I just want to stay disciplined to my approach and I'm happy with just learning how to make green pips on a consistent basis. My thinking is to not worry about returns and just concentrate on making green pips. Make pips and returns will come.
  • #129
  • Oct 9, 2012 9:12am Oct 9, 2012 9:12am
Smokeymar: Yes, i still need to 'fix' my head. I need to trade live for a little longer before it sinked in.. I always had new idea..I mean like everyday...

I believe this is going to be a good trade...The SL was 4 pips. It was a rejection of a daily low. Seriously i have seen so much opportunities in the market but the more i know, the more i realised how little i know..
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  • #130
  • Oct 9, 2012 9:22am Oct 9, 2012 9:22am
Got to breakeven and whatever happen..happens..because price action says i need to go now....If the price was bluffing then its not me to be blamed
  • #131
  • Oct 9, 2012 10:37am Oct 9, 2012 10:37am
I lost control over myself again..I am very upset..
I need to learn to control myself.
  • #132
  • Oct 9, 2012 10:46am Oct 9, 2012 10:46am
Quoting Supertrader9
My goal is to be profitable every single day, every weel, every month, every year, every decade, thus a lifetime.
I think this is where your problem is. You are putting an enormous amount of pressure on yourself to be profitable every day. I think this causes people to over trade. "Arrrg, I need to get back to break even for the day"......more trades.
  • #133
  • Oct 9, 2012 11:31am Oct 9, 2012 11:31am
Quoting Supertrader9
I lost control over myself again..I am very upset..
I need to learn to control myself.
Your system is logical and good. Just follow your system. You have already calculated that if you keep on placing trades according to your system, it cannot fail. Have trust in your system. Re-check your calculations to see if they are correct. I am sure your risk calculations are correct.

Once again, if you take 1% risk/reward per trade, your trading will be a joy and not a stress. No matter what market does and how many losses you experience in a row. Account will grow very very slowly, but it will ultimately grow. If you don't control your emotions, will be moving in circles without getting anywhere.

ps. Look at my explorer. Its all red, but I am following my method and logic.
The Thief of Wall Street
  • #134
  • Oct 9, 2012 11:44am Oct 9, 2012 11:44am
Quoting Chicky
Your system is logical and good. Just follow your system. You have already calculated that if you keep on placing trades according to your system, it cannot fail. Have trust in your system. Re-check your calculations to see if they are correct. I am sure your risk calculations are correct.

Once again, if you take 1% risk/reward per trade, your trading will be a joy and not a stress. No matter what market does and how many losses you experience in a row. Account will grow very very slowly, but it will ultimately grow. If you don't control your...
I think there is only one issue with your trading, that is, you are trading live on a forum and thought of what others think about you is a big hurdle.

Let people think whatever they want to think about your capabilities. It is not about your capabilities but about your system. You are trying to prove a system, not yourself. Just keep on taking trades based on your system without letting any other thoughts come in your way. You will be judged not by your profits or losses, but how well you followed that system.
The Thief of Wall Street
  • #135
  • Oct 9, 2012 1:51pm Oct 9, 2012 1:51pm
Quoting Supertrader9
I lost control over myself again..I am very upset..
I need to learn to control myself.
What exactly happened?? I saw the Trade Explorer earlier and is was profitable $2,400 account. Why took it down?
No longer trading forex. Looking for full time job.
  • #136
  • Oct 9, 2012 2:26pm Oct 9, 2012 2:26pm
Hey Super,Wise words already written so i'll just give you a book to read that might help to establish the right mindset and control the emotional side a bit.

regards.

doc.

p.s. might be worth having a rule that when you have a certain number of losses you stop trading for the day?.
Attached File(s)
File Type: pdf Trading_in_the_Zone.pdf   733 KB | 989 downloads
  • #137
  • Oct 9, 2012 8:37pm Oct 9, 2012 8:37pm
Smokeymar: I didn't follow my own rules

Chicky: I lost control when i was up..and i lost even more control when i was down...i just need to follow my rules.......Why the heck did i overtrade...

mmaker: i abandoned my own rules! I traded signals that were not there..I knew i should not have traded but i follow my emotion...How clever...There is only one solution..i need to trust me edge..in short i need to trade past history so i may reinforce that i really have an edge should i follow my system..The account is at 2000 usd now...i need to regroup and think.

Dr. scalpall : Thanks doctor. Yes i have that rule but i didn't follow it. One of my bad characteristics was to overtrade...and i don't like to follow rules(even in daily lives). One of the major problem was i think i did not believe in my edge...i think i would need to trade more of past history using the system and make sure i would follow the rules no matter what happened.

Arggh its kinda frustrating but i am good...I learnt many things about myself and the market...I really need to built an edge which i believe in my heart. The thing is i have the edge...but my emotion almost always overcome my 'head' and the i overtrade and not following my own researched and tested and proven edge...Now i am at the psychological stage...If i can overcome this then i know i would become one of the most consistent traders because i 'already' have the edge! Going to read some books and train some more now. Happy trading.
  • #138
  • Oct 9, 2012 9:07pm Oct 9, 2012 9:07pm
Quoting Supertrader9
Smokeymar: I didn't follow my own rules

Chicky: I lost control when i was up..and i lost even more control when i was down...i just need to follow my rules.......Why the heck did i overtrade...

mmaker: i abandoned my own rules! I traded signals that were not there..I knew i should not have traded but i follow my emotion...How clever...There is only one solution..i need to trust me edge..in short i need to trade past history so i may reinforce that i really have an edge should i follow my system..The account is at 2000 usd now...i need to...
Super, you are very courageous person. It requires a lot of courage to objectively look at things involving one's reactions.

Look we are in October, this last quarter is very difficult period for a trader. People who make money tend to lose in this quarter. People who are already carrying loss, try to recover in this period of low liquidity and lose. The best time to trade big is Feb through Sept.

Now, if you risk only 1% per trade, not only you will be at ease, but may also end the year at BE. You break whatever rules you want to, but please do not break 1% rule. This rule is your dream. If you don't follow this rule, will be crying for even this balance of $2,000. ..............................I know this, and you know how I know this.

If one loses 50% has to earn 100% to make it good. If one loses 75%, has to make 300%. Just don't take any chance of losing more than 1% at a time, and rest of the things will take care of themselves.
The Thief of Wall Street
  • #139
  • Oct 9, 2012 9:15pm Oct 9, 2012 9:15pm
Quoting Chicky
Super, you are very courageous person. It requires a lot of courage to objectively look at things involving one's reactions.

Look we are in October, this last quarter is very difficult period for a trader. People who make money tend to lose in this quarter. People who are already carrying loss, try to recover in this period of low liquidity and lose. The best time to trade big is Feb through Sept.

Now, if you risk only 1% per trade, not only you will be at ease, but may also end the year at BE. You break whatever rules you want to, but please...
......... and read that book "Trading in the Zone". It will help you following your rules. This book is ideal read for a person having a system like yours.
The Thief of Wall Street
  • #140
  • Oct 9, 2012 10:32pm Oct 9, 2012 10:32pm
Quoting Supertrader9
mmaker: i abandoned my own rules! I traded signals that were not there..I knew i should not have traded but i follow my emotion...How clever...There is only one solution..i need to trust me edge..in short i need to trade past history so i may reinforce that i really have an edge should i follow my system..The account is at 2000 usd now...i need to regroup and think.
I remember seeing the account beginning $2400 and at that point it was up to $2500+ so you were doing fine. So you are saying it is now down to $2000?? I thought you have consistently demonstrated you can take $500K demo to $1million easily, I mean, real easily. Then I don't see a problem doubling that $2000.
No longer trading forex. Looking for full time job.
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