Anyone Mirror Trading With Jason Alan Jankovsky At ZuluTrade?

You are right the results are not good at all. But i still find it positive that this guys is using strict stop/losses.

the only positive thing is he's not bullshitting his results..........so we'll see if things become better next year........

i doubt he is bs-ing results. most probably smth is going on either with his trading strategy cannot adapt to the brokers requirements or there is something going else going on. i think one should give him some time to see how his trading will reveal itself.

This guy is having really good results lately. more than 1000 pips achieved in Jan. Do you think it is safe to follow him now in zulu?

so he had a massive upswing in results eh ?

maybe wait another 6 mths...........

lowest low >> -889pips

highest high >> +931pips

currently >> +879pips




to follow Jason Alan Jankovsky's results at zulutrade..........http://www.zulutrade.com/trader/131112

A few tidbits here on drawdowns and trading psychology...

I have been trading Forex of and and on for a few years. I also know Jason Jankovsky personally and have read his books. One of the things he said the other day is that what separates a professional trader from an an amateur is -- not whether they get into a drawdown, but rather, what they are able to do once they get in one. In the real world, drawdowns happen, but it is always possible to recover. Because he has to lower his risk, it takes more time to recover from a drawdown, than it took to get in one, but the process of recovery is deliberate and systematic.

Of course, there is a psychological element to it all. My own personal ritual is to read that book by Mark Douglas, "Trading in the Zone," at least once a month. Meditation helps.

One interesting paradox, however, is that I have found that "positive thinking" doesn't help (for me at least).

If you think positive, with the goal of making a drawdown turn positive, get ready for a margin call. What works in the market is a total focus on the reality of what's happening right now and readily accepting that you are wrong and the market is right.

Some bad trades lately , but its not a catastrophy , strict rules no big drawdowns , serious trading here , i like it. Keep going!

Mirror trader,

you are saying that trading comes down to personal psy state of consciousness of control and meditation. Yes, not that i dont agree, but what about fundamentals and tech...afterall nth speak more than numbers and the boiling bands are really an indication of market volatility, for example. What are you and Jankovsky saying exactly here?

Hi Domingo:

I totally 100% agree that the foundation of trading boils down to having a great strategy, whether it's Fib, indicators, chart patterns, etc. All it takes some some tool that gives you a edge. Many traders find an edge. But an edge always requires mental discipline to apply. The pressure that comes when the unexpected happens -- causes otherwise intelligent people to crack and start breaking their own rules and sabotage themselves.

--A news event sudden changes market behavior. You lose and want to get it back and break your rule.
--The market goes choppy and your trend following system gets whipsawed.
--The market goes into a runaway trend and your oscillator-based system has a dozen losing trades in a row

...events like these exert enormous pressure. But it is not necessarily the case the a system loses its edge. Rather, it's the trader that begins making irrational decisions.

Here's an update Jason's performance. He had nice spike after closing out over 800 pips in open positions.

Click here to register now to copy Jason's signals.

http://simpleoptionsecret.com/wp-con...2/2-6-2013.gif

too many open trades at once imo

If you have stops and lock in gains as the market moves in your favor, and do incrementally, that's a better kind of exposure than in situations where traders hold onto many losing open positions instead of closing out their losses quickly.

if that's what's happening its not bad at all.

Zulutrade is just littered with systems that cost average with open trades to show big pip performance that no one can follow even with low leverage, so i get skeptical when i see profiles on there with many open trades and people taking about making "1000+" of pips a month.

No saying that is whats happening here, just my guard up at first glance. Def look like good results so far, only dd of 800 pips with that many open trades is perfectly fine. will keep my eye on this.

That's why Jason makes sure that everybody knows that he trades a real money account on Zulu. Those who don't take no risk and feel no pain on drawdowns. Therefore, they hold onto losing positions, which artificially makes their win/loss ratio higher

yes they should limit demo signal accounts to 1-3 open trades or something. would make zulutrade a lot better

nice to see people still interested in Jason alan Jankovsky................hope he does well.........but so far his equity curve is too much of a roller-coaster.............

Though his graph do really look like a rollercoaster he is having 2 consequetive months of profit , its a nice performance.

hope to see him continue to be profitable.............if so, we can copy his trades then............

my friend, you either take the train or sit by on the side and see when others are flying away pips-full