QAM Trading Journal $US1000 to ??? | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

Creating my Trading Plan + My Trading Journal 27 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies

Attachments: QAM Trading Journal $US1000 to ???
Exit Attachments

QAM Trading Journal $US1000 to ???

  • #521
  • Jun 9, 2016 6:07pm Jun 9, 2016 6:07pm
Quoting Shuael
{quote} Too early to say that the account will blow, it's possible, but it's also possible for it to keep growing. Time will tell as you said. QAM is a risky strategy as you pointed out, riskier with 1k$ as, i hope, everyone can see. I realy think that you are a capable trader and a nice person so i'm looking forward to learn more from you and from others. ( not only QAM) Have a nice day
A trader with the right mind set and correctly stated.

Current charts update are as follows:

AUDJPY [D1; recovery mode]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 33 KB


EURAUD [D1; recovery mode]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 30 KB


Current positions are as follows:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB


To all concerned:

Now stop making uninformed and unintelligent guesses as to why this or that may or may not have happened!

The account is doing just fine!

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #522
  • Jun 9, 2016 6:20pm Jun 9, 2016 6:20pm
In the instance that any single trade exceeds US$21.97 (yesterdays single loss on AJ) it will be closed out to recover the loss.

Then an immediate entry in the same direction will be placed in the market or after a small pullback.

6 trades will be in play until an overall gain has been achieved.

This may take day(s) or weeks subject to the longer term PA that flows across the charts.

Have a great weekend everyone and please think before you speak it will help to reduce amateurish and unnecessary remarks!

Good trading,

Mssterrmind...........
Master your Mind then Master your Trades
  • #523
  • Jun 9, 2016 6:28pm Jun 9, 2016 6:28pm
ET TU MM
  • #524
  • Jun 9, 2016 6:44pm Jun 9, 2016 6:44pm
it might not blow up, if you can control your emotion when the account is growing really slowly
1k to 3k in one month is too slow also.
maybe because i scalp when i start small that's why.
because 1k is nothing so i go big and go fast. ( trading with stop lost won't blow up, unless your strategy is not working

when trading 100k account making 20% a month it won't matter to me.
  • #525
  • Jun 9, 2016 6:44pm Jun 9, 2016 6:44pm
Quoting metta87
{quote} "shit aint going well huh ?"
Inappropriate comments are not welcome in my trading journal or any other thread.

You have given me no choice but to report you to the FF Admin.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Have a nice day!

Masterrmind...........
Master your Mind then Master your Trades
  • #526
  • Jun 9, 2016 6:52pm Jun 9, 2016 6:52pm
Quoting TwFXtrader
it might not blow up, if you can control your emotion when the account is growing really slowly 1k to 3k in one month is too slow also. maybe because i scalp when i start small that's why. because 1k is nothing so i go big and go fast.
Inappropriate comments!

To you and I 1K means nothing but I assure you it means a great deal to those less fortunate than us.

Please consider the international community when making comments of this nature as they may be quite hurtful.

I know of many traders who have PM'd me with startup balances of less than $100 and they should never be mocked .... period!

ps. who really cares if you go big and go fast .... that sounds to me like a recipe for disaster and unsustainable over the long term.

Have a nice day,

Masterrmind.............
Master your Mind then Master your Trades
  • #527
  • Jun 9, 2016 6:57pm Jun 9, 2016 6:57pm
Quoting Masterrmind
{quote} Inappropriate comments! To you and I 1K means nothing but I assure you it means a great deal to those less fortunate than us. Please consider the international community when making comments of this nature as they may be quite hurtful. I know of many traders who have PM'd me with startup balances of less than $100 and they should never be mocked .... period! ps. who really cares if you go big and go fast .... that sounds to me like a recipe for disaster and unsustainable over the long term. Have a nice day, Masterrmind.............
sorry about that ,
good luck to you sir.
  • #528
  • Jun 9, 2016 7:09pm Jun 9, 2016 7:09pm
Quoting simnz
{quote} This challenge will always be there when dealing with limited funds. Money management and averaging has always come to my rescue. I strongly feel that since we are in money business if we don't plan trades based on deep pip pockets (trade values can be of smaller amounts) we will always have to count on our luck. With a wide pips margin I am afforded opportunities to continue to do short cycle trades while facing long cycle drawdown challenge. Patience is required . Once in a while I do get frightened and do take a break from trading to...
Yes the deeper the pockets the smoother the ride ... everytime!

However, this journal is not about deep pockets and certainly has no interest in the guy you mention.

What it is about is the following:

1. applying a very small account balance to a Quantum based strategy
2. taking some risk and enduring some DD
3. managing risk
4. monitoring trades
5. sharing intelligent thinking
6. applying recovery trades (either with same lot or larger lot sizes) either short term or longer term.
7. attempting to grow a small 1K account over time into an account large enough to trade the post Frankfurt and London sessions.
8. to share appropriate trading comments and learn something useful.

Masterrmind............
Master your Mind then Master your Trades
  • #529
  • Jun 9, 2016 7:11pm Jun 9, 2016 7:11pm
Quoting TwFXtrader
{quote} sorry about that , good luck to you sir.
Apology accepted!

Have a great day my friend.

Masterrmind............
Master your Mind then Master your Trades
  • #530
  • Jun 9, 2016 7:27pm Jun 9, 2016 7:27pm
Quoting Almo2312
Hi my friend MM, my suggestion to u is to use your method but with breaking price points, anyway I know u will give fight back, cheer up mate, Cheers, Al.
Its simply just a part of the DD struggles faced on a system such as Quantum that thrives from generating lots of DD.

Highly profitable but only if you make it out the other side otherwise its good night.

The 1K account lacks the staying power to endure these larger DD cycles so it means either taking far fewer and far smaller lot size entries at a time or cutting the larger lot size entries off really quickly as soon as they start looking like turning negative.

The journey will continue though because I'm keen to make it to at least 10K then it opens up so many opportunities for trading big cycles at small lot size in the London session.

Lets see what the final result will be.

Masterrmind........
Master your Mind then Master your Trades
  • #531
  • Jun 9, 2016 7:43pm Jun 9, 2016 7:43pm
Quoting togerhard
{quote} Hi Masterrmind, thank you very much for your very good explanation as I have to keep some of them in mind or try to build a tool for a recovery function around it, but that kind of programming needs a rules based programming approach and that is quiete different from the style I am using right now, and it uses plenty of time investment as there a better programming languages as MT4 provides but we have to use what is there , but if I build a tool I would inform you and it sounds a little bit difficult, but could be a challenge to me I still...
Yes far better programming languages out there.

Python, IB_Matlab and several others.

No rush with the coding my friend you do not need to worry ok ..... take your time and if it becomes too difficult thats ok just let it go.

Trade Explorer is active NOT stopped.

The TE has simply be turned to buddy viewing only at the moment but I could make it completely public again if I wish.

Trading in this thread will continue as my work here is not yet done so don't worry about that I'll keep trading here .....

I intend to let the 6 trades and however more I add into the mix to run their course and then once the account is back to normal I'll make the TE and the myfxbook link visible again.

I could leave the TE visible to all but no-one shows interest so why not just have it for buddy viewing only?

ps. sorry to hear about your internet connection and I know how very frustrating that can be .... really frustrating!

Masterrmind.............
Master your Mind then Master your Trades
  • #532
  • Jun 9, 2016 7:48pm Jun 9, 2016 7:48pm
Quoting starpro
ET TU MM
Nice!

Masterrmind............
Master your Mind then Master your Trades
  • #533
  • Jun 9, 2016 10:12pm Jun 9, 2016 10:12pm
there we go again, MasterMind with his Bullshit excuses, same shit that i was talking about last time, EVERYTIME HE EXPERIENCES A HUGE LOSS HE HIDES HIS TRADE EXPLORER AND PUTS IT BACK UP WHEN HIS ACC IS BACK TO NORMAL AND HE MAKES A BULLSHIT EXCUSE AS TO WHY HE IS DOING IT, if you believe his bullshit excuses then im sorry for you, you have a long way to go.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #534
  • Jun 10, 2016 12:29am Jun 10, 2016 12:29am
Quoting Masterrmind
{quote} Yes the deeper the pockets the smoother the ride ... everytime! However, this journal is not about deep pockets and certainly has no interest in the guy you mention. What it is about is the following: 1. applying a very small account balance to a Quantum based strategy 2. taking some risk and enduring some DD 3. managing risk 4. monitoring trades 5. sharing intelligent thinking 6. applying recovery trades (either with same lot or larger lot sizes) either short term or longer term. 7. attempting to grow a small 1K account over time into an...
The idea is to equip small traders with all knowledge needed to grow the account. You are doing best. Is there any timeframe to reach the targeted equity growth? Will be watching with interest repair and recovery trades you will be doing to bring the train back on the tracks.
Practice makes a person perfect
  • #535
  • Jun 10, 2016 1:16am Jun 10, 2016 1:16am
Quoting Masterrmind
{quote} Inappropriate comments are not welcome in my trading journal or any other thread. You have given me no choice but to report you to the FF Admin. {image} Have a nice day! Masterrmind...........
Thanks, have a nice day as well MastersQAM
  • #536
  • Jun 10, 2016 2:38am Jun 10, 2016 2:38am
Quoting Soros
there we go again, MasterMind with his Bullshit excuses, same shit that i was talking about last time, EVERYTIME HE EXPERIENCES A HUGE LOSS HE HIDES HIS TRADE EXPLORER AND PUTS IT BACK UP WHEN HIS ACC IS BACK TO NORMAL AND HE MAKES A BULLSHIT EXCUSE AS TO WHY HE IS DOING IT, if you believe his bullshit excuses then im sorry for you, you have a long way to go.
Wrong yet again Mr Soros and where might your live TE be hiding ........

TE visible to "buddies only" and just temporarily so they can see it plain as day.

But since you do not fit the category of a "buddy" ..... well you simply cannot see the TE and it hurts huh?

The TE can be freely hidden, shown to all or deleted as I so choose it has nothing to do with a need to hide it but personal choice only.

If you bothered to read previous posts you would understand that I will make the TE visible once the current and a few more trades are completed.

Read and you will discover!
Do not read and remain ignorant!

You have no interest to learn how to trade and especially from my threads so go away!

Masterrmind............
Master your Mind then Master your Trades
  • #537
  • Jun 10, 2016 2:48am Jun 10, 2016 2:48am
Quoting simnz
{quote} The idea is to equip small traders with all knowledge needed to grow the account. You are doing best. Is there any timeframe to reach the targeted equity growth? Will be watching with interest repair and recovery trades you will be doing to bring the train back on the tracks.
Its amazing how much interest (plenty of the wrong type too I might add) the thread gains when a TE all of a sudden becomes 'hidden' from prying little eyes!

The funny thing is that the account has only once dropped below initial starting balance once based on end of day P&L and that was yesterday and it only just dropped under initial balance.

Current Balance right now is US$1005.40!

I can only imagine what comments would get posted if the account suffered from a 20-50% loss .... oh my goodness me!

Account should be fine but no guarantees in this business I'm afraid but I'll see what I can do.

At the moment the account is fine and easily manageable!

ps. I appreciate your input its intellectual and mostly unbiased so feel free to contribute further as you please.....

Masterrmind............
Master your Mind then Master your Trades
  • #538
  • Jun 10, 2016 4:38am Jun 10, 2016 4:38am
Hey Mastermind,

You are a remarkable Trader, and "THEY" don't want to see Excellence in motion!

The Universe is behind you mate 100,000%

Attached Image (click to enlarge)
Click to Enlarge Name: FailureOp.jpg Size: 36 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #539
  • Jun 10, 2016 6:28am Jun 10, 2016 6:28am
Quoting OctaveJay509
Hey Mastermind, You are a remarkable Trader, and "THEY" don't want to see Excellence in motion! The Universe is behind you mate 100,000% {image}
You are far too generous with your comments Jay but certainly appreciated .....

Perhaps you have some idea of how close I am to simply starting with 10K and be done with it ....

Unfortunately, that defeats the purpose of this thread and more so the other thread which is all about taking 1K to 10K and beyond.

I'm in a very comfortable place trading wise with my main trading strategies.

Although this 1K starter thread is certainly testing me and making me draw from many other areas of trading.

While the 1K account still holds enough capital to support margin requirements I'll continue to trade it.

By the way no deposits will ever be made to this account either to top it up.

Onward and upward my friend and all the best to you in your trading ........

Masterrmind...........
Master your Mind then Master your Trades
  • #540
  • Jun 10, 2016 7:18am Jun 10, 2016 7:18am
somehow I think you have to limit the number of entries, there must be some sort of filter to counter the huge number of trades , just IMO with 1k a/c 4or5 trades at .01 should be max at any 1 time ... if you start getting 5>10 entry points the trend is obviously against you and unless you cans see an obvious reversal point I think its pushing barb wire canoe upstream ...
1 trader viewing now