Financial Freedom System Archive

Hello Traders,

I am starting this thread so that we can put together systems from traders who have achieved financial freedom and learn together.

Please share your financial freedom system if you have so.

Regards,
Xpertize

Why would anyone give away or even sell the Golden Goose?

If one is generous. At least the concept.

Even if Arzak gives you his best recipes, you are not Arzak.



You can only be profitable by coping profitable traders or by becoming one, and for that you have to learn all, including what nobody teaches. Said that, learning about market structure and getting experience reading PA is the way a way.

I think the concept is quite simple, but the discipline in applying it maybe not so much.

Everyone trades very differently, and two traders who trade the same method e.g. S/R lines could have two completely different outcomes over time, due to money management, R/R ratio, use of TPs and SLs etc.

If I was starting again, I would ask myself first "when do I want to trade?"i.e. what time of day, how long for, and how often. And then develop a style/method that works around that. I don't want to sit around watching a screen for example waiting 1 hour for a scalping trade that may not come. But I'm happy to spend an hour once a week analysing charts and then placing trades accordingly.

This is my style. I am a software engineer with a good understanding of basic probability, EV, Standard Deviation, Kelly Criterion etc.

1. Gain an understanding of basic probability.
2. Understand risk and money management
2. If you don't know already, learn how to program a computer
3. Determine an edge based on your ideas for a setup and test this using lots of back data, I recommend 10,000 setups. Use a computer program for this, manual back testing is worthless because of confirmation bias.
4. If you find an edge. Execute your setup going forward with small money for maybe 1000 setups to workout if your system produces the results you expect going forward
5. Monitor your results on an ongoing basis to determine if your system is performing as you would expect.

If all that sounds like boring hard work, you are right, it is boring and it was/is hard stressful work!