I might be demanding too much ,,, I was thinking of an indi currency specific that I could attach to specific charts
QAM Trading Journal $US1000 to ???
Indeed all 47 trading days of work washed away in 2-3 days is disappointing, especially for you.
It was very unlikely to happen, but it did.
I'm really looking forward for this account to succeed and meet the ultimate goals, so i'm glad that you decided to continue the journey .
I'm convinced that the account performance would have been in a net positive territory if it was 10k ( as you said), certain cycles would have been in profit instead of a loss. (ps. i don't even know if i'm using these verbs correctly
)
You are still in profit for $7, the account is still there as you said.
Keep going
Thank you
Edit: By "disappointing for you" i mean hard to handle, don't get me wrong
It was very unlikely to happen, but it did.
I'm really looking forward for this account to succeed and meet the ultimate goals, so i'm glad that you decided to continue the journey .
I'm convinced that the account performance would have been in a net positive territory if it was 10k ( as you said), certain cycles would have been in profit instead of a loss. (ps. i don't even know if i'm using these verbs correctly
)You are still in profit for $7, the account is still there as you said.
Keep going
Thank you
Edit: By "disappointing for you" i mean hard to handle, don't get me wrong
- #483
- Jun 7, 2016 1:59am Jun 7, 2016 1:59am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Indeed all 47 trading days of work washed away in 2-3 days is disappointing, especially for you. It was very unlikely to happen, but it did. I'm really looking forward for this account to succeed and meet the ultimate goals, so i'm glad that you decided to continue the journey . I'm convinced that the account performance would have been in a net positive territory if it was 10k ( as you said), certain cycles would have been in profit instead of a loss. (ps. i don't even know if i'm using these verbs correctly
You are exactly right in the case of an account size >10K the account would have glided over that bump without a problem done it many times in the past.
It was tempting to let the DD go and weather the storm but rules are rules and so on a 1K account it translates into a loss.
A larger account it would be a winner!
Small accounts in a DD driven market are difficult to grow!
So dropping the maximum floating DD, reducing max open trades etc might need to be phased into the strategy.
I'll have a much clearer picture after the weekend.
ps. Yes still showing net positive gain of 0.7% so all is on track ..........
pps. On the grand scheme of things this might simply look like a small hiccup on a 4-5 year equity chart remembering that the account has never once completed a trading day less than the starting balance .........
Masterrmind............
Master your Mind then Master your Trades
- #484
- Jun 7, 2016 2:01am Jun 7, 2016 2:01am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
I might be demanding too much ,,, I was thinking of an indi currency specific that I could attach to specific charts
Masterrmind............
Master your Mind then Master your Trades
- #485
- Jun 7, 2016 2:08am Jun 7, 2016 2:08am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Results for the current trading day will be posted soon........
Ohhhh do I really have tooooo? ..........
Masterrmind............
Ohhhh do I really have tooooo? ..........
Masterrmind............
Master your Mind then Master your Trades
- #488
- Jun 7, 2016 3:20am Jun 7, 2016 3:20am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Indeed all 47 trading days of work washed away in 2-3 days is disappointing, especially for you. It was very unlikely to happen, but it did. I'm really looking forward for this account to succeed and meet the ultimate goals, so i'm glad that you decided to continue the journey . I'm convinced that the account performance would have been in a net positive territory if it was 10k ( as you said), certain cycles would have been in profit instead of a loss. (ps. i don't even know if i'm using these verbs correctly
However, starting with a very small 1K account trading the Quantum style and actually growing the account big enough to trade London sessions means a great deal to me because my thinking was to show small account holders or those wishing to allocate a small 1K to the Quantum style that building the account is actually possible.
I can be quoted as saying in earlier posts that the task is not easy for a 1K account and I still hold to that statement .... it isn't easy.
Nevertheless, for those interested I hope that this journal will provide a good example of the types of problems that can be encountered.
The journey and the journal will continue as my work here is not yet done it just means it may take a little longer now and that's fine.
Masterrmind.............
Master your Mind then Master your Trades
- #489
- Jun 7, 2016 3:31am Jun 7, 2016 3:31am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
End of ATW session for Tuesday (end of Day #47)
Cycles taken on EURGBP and GBPUSD pairs
28 trades
1 winner
27 losses
Daily $gain obtained was -US$140.79 << motivated Daily $gain (US$6.29)
Net daily% gain was - 13.98%
Masterrmind............
Cycles taken on EURGBP and GBPUSD pairs
28 trades
1 winner
27 losses
Daily $gain obtained was -US$140.79 << motivated Daily $gain (US$6.29)
Net daily% gain was - 13.98%
Masterrmind............
Master your Mind then Master your Trades
- #491
- Jun 7, 2016 5:56am Jun 7, 2016 5:56am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
OK just too many trades for $1k a/c ..... IMO
Possibly pushing a little too hard perhaps and certainly I'll be look into putting a limit on the trade count ......
At least in the early stages perhaps until at least 2K is hit and then slowly wind up the numbers .......
ps. recall the number of times I have traded the EG + GU pairs in tandem and the success rate .....
pps. a massive outlier of a day is all it takes to undo all the good work .....
ppps. any stop loss less than 100 pips on the EG pair today would have closed out your trades fast and who would apply a 100 pip stop during the Asian session on a turtle pair .... no-one!
Masterrmind...........
Master your Mind then Master your Trades
- #492
- Jun 7, 2016 8:18am Jun 7, 2016 8:18am
- | Joined Jul 2012 | Status: Trader | 1,170 Posts
{quote} Very pleased to hear that! Unfortunately the account hit a minor hiccup earlier today on its long winding road to fame .............
I dont like pop corn but im definitely watching...
- #495
- Jun 7, 2016 7:12pm Jun 7, 2016 7:12pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Thats what happens when you trade a losing system my friend masterqam. now go and make your adjustments the same way meir did in the quantum thread and see for your self whats gonna happen. I told you this before, without an edge, it doesnt matter how many profit you can make, the end is always the same: you blow ! I dont like pop corn but im definitely watching...{image}
But come to think of it ........... NO I WASN'T!
Masterrmind............
Master your Mind then Master your Trades
- #496
- Jun 7, 2016 7:14pm Jun 7, 2016 7:14pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} I think your comments are inappropriate and not very mature. You better follow/read something usefull for you then lose your time proving someone wrong.
Only intention is to watch and never learn....
Masterrmind...........
Master your Mind then Master your Trades
- #497
- Jun 7, 2016 7:19pm Jun 7, 2016 7:19pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Wednesday June 8 - Day # 48
Heat Map (myfxbook)
News
Daily gain
Motivated daily gain is $5.03
Motivated accumulated daily gain is $10.02
Currently US$3.06 behind the motivated accumulated daily gain (end of day)!
Lets see what the market gives out!
ps. note that a return to almost the start of the 0.5% column has been initiated and will continue to be followed from here.
Masterrmind...........
Heat Map (myfxbook)
News
Daily gain
Motivated daily gain is $5.03
Motivated accumulated daily gain is $10.02
Currently US$3.06 behind the motivated accumulated daily gain (end of day)!
Lets see what the market gives out!
ps. note that a return to almost the start of the 0.5% column has been initiated and will continue to be followed from here.
Masterrmind...........
Master your Mind then Master your Trades
- #498
- Jun 7, 2016 8:27pm Jun 7, 2016 8:27pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
3 pairs being traded today so far namely; EA, GJ and UJ
All trades will be 0.02 lots but total number of currently running trades in the market may be capped.
At this stage 2 trades per pair over 3 pairs only for a total of 6 possible entries.
Pending order execution via manual approach.
Masterrmind..........
All trades will be 0.02 lots but total number of currently running trades in the market may be capped.
At this stage 2 trades per pair over 3 pairs only for a total of 6 possible entries.
Pending order execution via manual approach.
Masterrmind..........
Master your Mind then Master your Trades
- #500
- Jun 7, 2016 8:58pm Jun 7, 2016 8:58pm
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Mail ...MM .....share if appropriate
Masterrmind............
Master your Mind then Master your Trades