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Disciplined -The PAMM Account

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  • How do you think I could improve my trading
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  • #1
  • First Post: Edited Oct 2, 2013 4:20am Apr 9, 2013 12:29pm | Edited Oct 2, 2013 4:20am
Hello There,

I'm opening this thread to introduce my trading style in real time & attract fellow investors. It is a PAMM account that I'm currently trading. I'm planing to be here for the long haul & will enjoy all your feedback.

Introduction on how I trade:
I'm a Discretionary trader that involve short and mid-term trading.
I do use S/L all the times but their NOT fixed.
I trade on M15, H1, H4, D1.
I mainly trade EUR/USD


You could have a better understanding of my trading style here on MyFxBook.

There is a specific monetary plan that I will follow trading:

  1. First priority is Capital preservation; I will do my best so that normal draw down would be around 10% & Maximum Draw Down would be under 20%. IF it exceeds this amount I will take extreme cautions to make it back with lowest DD possible.
  2. Aiming for a Monthly profit target of 20%
  3. As a PAMM Fund Manager I will have total disregard for money. (Hardest Part for me!)
  4. IF the monthly target is reached I will keep on trading BUT IF my profit comes under 20% I will stop till first of next month.
  5. Trading FX (aka swimming with sharks & wales naked) involve extreme patience & accurate timing.

So follow me on this journey and IF you got interested just send a PM. We could discuss on terms & conditions privately.

Best Regards

**********Trading Result UPDATES****************
- The result shown in trade explorer aren't accurate as in a PAMM account there are always deposit & withdraws but it seems that the explorer ONLY shows the results based on latest equity. I will post results on a monthly based equity that could be verified in MyFxBook too.

*Please vote & inform me on your thoughts.

Monthly Results for 2013: (in details)
Mar: +13.86% | MaxDD: 7.13%
Apr : +22.27% | MaxDD: 4.77%
May : +2.35% | MaxDD: 11.69%
Jun : +30.4% | MaxDD: 11.48%
Jul : -20.34% | MaxDD: 20.34%
Aug : +1.05% | MaxDD: 4.17% *Decreased DD significantly to make it back.
Sept : +10.38% | MaxDD: 1.06% *Decreased DD significantly to make it back.
Oct = (we will see soon)

ALL time Maximum Draw Down = -22.99%

Attached Image
Manage probability while following the TREND.
  • #2
  • Apr 9, 2013 1:05pm Apr 9, 2013 1:05pm
So where are we now:

- The trading account has been opened recently. There is way ahead & IF I want to prove anything here I need to keep my targets (both Max D.D & Profit %) for around 6 months.

The weekly results so far:
10.03-16.03 / 2013 ==> -1.95%
17.03-23.03 / 2013 ==> 23.99%
24.03-30.03 / 2013 ==> -6.34%
31.03-06.04 / 2013 ==> 13.8%
07.04-13.04 / 2013 ==> 10.21% (so far)

In Conclusion:
March 2013 = +13.86%
April 2013 = +25.42% (so far)

Maximum Draw Down = -6.7% (so far)
Manage probability while following the TREND.
  • #3
  • Apr 9, 2013 1:27pm Apr 9, 2013 1:27pm
welcome to the club.so how long you been trading this way?
NocturnalFX is no longer offering commercial services
  • #4
  • Apr 9, 2013 1:59pm Apr 9, 2013 1:59pm
Quoting TPOTrader
welcome to the club.so how long you been trading this way?
Thanks.

My name is Mohammad. I started trading in 2006. I can't forget those times. I took a university course for 3 months on how to trade FX market. You know all those craps about indicators, fundamentals,... I graduated with second best score from that class. Back than I was thinking with myself WOW I will be rich quick! I didn't know I was fooled!!!!

BUT....

It took me five years of my life doing what ever I could, reading what ever I can but still not continuous. Than it came to me like a light. I realized what it was all about. It took around a year for me to come with a complete & yet simple trading plan and three months of live trading it small till I mastered it.

I think its all about PURE CHART WATCHING EXPERIENCE. (I'm talking about more than 1000 hours)
After that working on self knowing & self improving.
I'm trading profitable for around a year now. BUT still Market is the same Mrs. Market; Do something wrong and she burns your finger. some times she remind this to me.... but still I like her.

It's long journey BUT its definitely worth it as I LOVE trading.
Manage probability while following the TREND.
  • #5
  • Apr 10, 2013 10:33am Apr 10, 2013 10:33am
If you want people to join your PAMM you are going to have to be a little more transparent. It is ok to have your open trades hidden but your balance and equity need to be made public on your myfxbook account. No one has any way to determine whether you have large open losses and are using gain on closed trades to attract clients.
  • #6
  • Apr 10, 2013 11:22am Apr 10, 2013 11:22am
Quoting Seneca pilot
If you want people to join your PAMM you are going to have to be a little more transparent. It is ok to have your open trades hidden but your balance and equity need to be made public on your myfxbook account. No one has any way to determine whether you have large open losses and are using gain on closed trades to attract clients.
i read in your thread you have myfxbook too. What's the link? couldn't find it
NocturnalFX is no longer offering commercial services
  • #7
  • Apr 10, 2013 1:45pm Apr 10, 2013 1:45pm
Quoting TPOTrader
i read in your thread you have myfxbook too. What's the link? couldn't find it
http://www.myfxbook.com/members/Free...iplined/525865
  • #8
  • Apr 10, 2013 2:52pm Apr 10, 2013 2:52pm
Quoting Seneca pilot
http://www.myfxbook.com/members/Free...iplined/525865
no, i'm talking about YOU, Seneca. Do you have myfxbook account?
NocturnalFX is no longer offering commercial services
  • #9
  • Apr 10, 2013 4:57pm Apr 10, 2013 4:57pm
Quoting TPOTrader
no, i'm talking about YOU, Seneca. Do you have myfxbook account?
https://www.myfxbook.com/portfolio/mh60l/522675
I linked it in the thread twice but the thread grows so quickly that the links get lost. I may link it in my sig.
  • #10
  • Edited Apr 11, 2013 12:44am Apr 10, 2013 10:50pm | Edited Apr 11, 2013 12:44am
Quoting Seneca pilot
.... No one has any way to determine whether you have large open losses and are using gain on closed trades to attract clients.
To make things more clear:

I'm a DAY trader.
Usually I don't keep trades open over night & I will NOT keep open trades at weekend at all.

In the above of this page IF you click on "Trade Report" you could see that: (so far)
Open Trades: 0
Average Trade Duration: 1 hr 20 min
Time in Trade: 5%

These values clearly show there are NO open trades left. There are no long life trades. The maximum time I let a trade run was about 6 hrs although it is a good thing to let your profits run IF its growing fast. I'm very picky in my trades that's why "Time in Trade" is 5%.

You could find the same info in MyFxBook link too. All these info are not locked.

Seneca, Thanks for your interest & tracking my system. By the way you have a GREAT thread. Very useful.

Frankly speaking, Two month of good results are nothing & Before 6~12 months of good profit with low D.D I have nothing to say. Because the most important thing is: Consistency in profit making.

Best Regards,
Manage probability while following the TREND.
  • #11
  • Apr 11, 2013 6:42am Apr 11, 2013 6:42am
Quoting khanderoo
To make things more clear: I'm a DAY trader. Usually I don't keep trades open over night & I will NOT keep open trades at weekend at all. In the above of this page IF you click on "Trade Report" you could see that: (so far) Open Trades: 0 Average Trade Duration: 1 hr 20 min Time in Trade: 5% These values clearly show there are NO open trades left. There are no long life trades. The maximum time I let a trade run was about 6 hrs although it is a good thing to let your profits run IF its growing fast. I'm very picky in my trades that's why...
I didn't put my explorer up to measure against yours. I put it up because TPO asked. I understand how to read your explorer but what I am trying to say is that if you are fishing for clients they are going to want to know how much money you are trading and they are going to want to know for certain that you are not carrying unopened trades. Simply unlocking your equity will answer both questions. I don't really care whether you keep it private or public, I am simply stating that transparency will earn you trust and clients.
  • #12
  • Apr 11, 2013 9:43am Apr 11, 2013 9:43am
Quoting Seneca pilot
I didn't put my explorer up to measure against yours. I put it up because TPO asked. I understand how to read your explorer but what I am trying to say is that if you are fishing for clients they are going to want to know how much money you are trading and they are going to want to know for certain that you are not carrying unopened trades. Simply unlocking your equity will answer both questions. I don't really care whether you keep it private or public, I am simply stating that transparency will earn you trust and clients.
Thanks for the advise, I will consider it.
Manage probability while following the TREND.
  • #13
  • Apr 11, 2013 9:45pm Apr 11, 2013 9:45pm
Quoting khanderoo
Thanks. My name is Mohammad. I started trading in 2006. I can't forget those times. I took a university course for 3 months on how to trade FX market. You know all those craps about indicators, fundamentals,... I graduated with second best score from that class. Back than I was thinking with myself WOW I will be rich quick! I didn't know I was fooled!!!! BUT.... It took me five years of my life doing what ever I could, reading what ever I can but still not continuous. Than it came to me like a light. I realized what it was all about. It took around...

Congratulations khanderoo...hope you'll succeed to generate consistent profit for long run. I believe you already have much experienced in gain and pain in Forex trading.
  • #14
  • Apr 12, 2013 12:20am Apr 12, 2013 12:20am
Quoting Seneca pilot
I didn't put my explorer up to measure against yours. I put it up because TPO asked. I understand how to read your explorer but what I am trying to say is that if you are fishing for clients they are going to want to know how much money you are trading and they are going to want to know for certain that you are not carrying unopened trades. Simply unlocking your equity will answer both questions. I don't really care whether you keep it private or public, I am simply stating that transparency will earn you trust and clients.
A look at the equity chart should do. At that point when attracted a person could visit the trader website (if he has any), and see from there. There are multiple objective and verified ways to show what you have achieved. I personally am not in that business but I do trade and as I am not really an mt4 broker guy but use that platform for some ea's, I have a small live mt4 account. Now does that size says anything? No, I use a bridge to get my live positions at the small account transfered to a far larger account at a non-mt4 broker, you could even do it with a demo. My point would be to not follow anyone based on just an explorer or myfxbook. Any selfrespected seller will have more information and transparency in place, together with a comparison of the costs using diferent following options (c2, myfxbook, etc) and that's what you need as a prospect.
  • #15
  • Apr 12, 2013 2:23pm Apr 12, 2013 2:23pm
Quoting hanifsan
Congratulations khanderoo...hope you'll succeed to generate consistent profit for long run. I believe you already have much experienced in gain and pain in Forex trading.
Thanks Hanif.
As I said before "Consistency" is something that will make difference & that is achieved through time passes.

Hope the best for you.
Regards
Manage probability while following the TREND.
  • #16
  • Edited 3:09pm Apr 12, 2013 2:28pm | Edited 3:09pm
Quoting pbb
A look at the equity chart should do. At that point when attracted a person could visit the trader website (if he has any), and see from there. There are multiple objective and verified ways to show what you have achieved. I personally am not in that business but I do trade and as I am not really an mt4 broker guy but use that platform for some ea's, I have a small live mt4 account. Now does that size says anything? No, I use a bridge to get my live positions at the small account transfered to a far larger account at a non-mt4 broker, you could...
My aim is something like the below site managing near 100 Mil. $:

Perfecto FX

But clearly that will be achieved ONLY with consistency on good profits & low DD. These two elements could be seen in an Explorer or MyFxBook.

Thanks for your comment.
Regards
Manage probability while following the TREND.
  • #17
  • Apr 30, 2013 4:05am Apr 30, 2013 4:05am
I just wanted to share this quotation from a profitable trader:

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do.

James B. Rogers, Jr. -“The Market Wizards”

We should all think about it.

There has been some times when I have made a good profit. Than I look at the charts and see something that makes me tempted to jump in to the market but its against my trading plan or it says that its not the best timing now. It is very hard to hold on against this temptation. The difference makes the Professional trader.

OR that I have already made a decent profit BUT I'm eager to make MORE. Now I'm trading according to my trading plan but I forget that making money involve taking risk. Why take more risk when trading is all about making consistent profits month in month out with low DD.
Manage probability while following the TREND.
  • #18
  • May 16, 2013 1:18pm May 16, 2013 1:18pm
Updating Weekly results:

...
07.04-13.04 / 2013 ==> +10.21%
14.04-20.04 / 2013==> -2.37%
21.04-27.04 / 2013==> +0.97%
28.04-04.05 / 2013==> -9.8%
05.05-11.05 / 2013==> +0.87%
12.05-18.05 / 2013==> +12.67% (so far)

For May 2013 = +3.67% (so far)

Also in the meantime I've hit my Maximum Draw Down and extended it to = -12.82%

Previously I have planned that IF my DD got to more than 10% than I will take extensive measures to lower it down & do not allow it to get out of hand. I remember a saying from a profitable trader that:

Traders on average increase risk taking after suffering losses.

so I did the opposite. I made my position size to half normal. I also decreased my expectations and took profit faster day in day out. By this way I managed to get out of DD and make a new high in equity. I hope to achieve my monthly target in the remaining days of the month.

Regards,
Manage probability while following the TREND.
  • #19
  • May 22, 2013 6:20am May 22, 2013 6:20am
I just wanted to share a cool tool I have found recently in FF. It is called: "Mini Chart" It is useful for the one that do not have lots of monitors to watch higher time frames simultaneously. I think this is a MUST for a professional trader.

Take a look at the picture attached. As you can see by this tool you could add multiple time frames at once to your chart and watch how they progress in your preferred time frame.

You could find the indicator plus all technical info here.

Take care!
Attached Image (click to enlarge)
Click to Enlarge Name: cool.jpg Size: 144 KB
Manage probability while following the TREND.
  • #20
  • Edited 5:14am Jun 3, 2013 4:57am | Edited 5:14am
Updating Results:


12.05-18.05 / 2013 ==> +11.32%
19.05-25.05/ 2013 ==> -4.80%
26.05-01.06/ 2013 ==> +4.98%
02.06-08.06/ 2013 ==> +1.85% (so far)

So I finished the hard May with +2.35% in profit. Hope to do better in the coming months.

I would like to share a food for thought with you respected followers:

The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be. -Jack Schwager

Let us all think about this. Is "Mass Behavior" always clear meaning should we always or most of the times be in Market OR some times, some very specific times "Mass Behavior" bias gets very clear and we could use leverage to maximise our benefit from it.

Regards,
Manage probability while following the TREND.
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