Thanks dave for your excellent post. I have nothing to add to this brilliant advice. I read this post and wanted to highlight exactly the same points only you did it in much better way
All the best
FireAtWill's Trading Extravaganza (a laugh a minute)
- immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: FireAtWill's Trading Extravaganza (a laugh a minute)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
- FireAtWill
- Posts: 16
- Joined: 15 May 2015, 09:42
- 10
Re: FireAtWill's Trading Extravaganza (a laugh a minute)
Thanks for reminding me, Dave - we do indeed aim to capture volatility. And thanks for the critique and words of encouragement.Dave wrote:We deliberately trade at volatile times
Forgot to add on the end of my other post: concentrate on making pips, not money - the same psychology as the casinos employ by using chips instead of cash. Then you detach from the emotion of winning/losing money itself.
"When the facts change, I change my mind"
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
- FireAtWill
- Posts: 16
- Joined: 15 May 2015, 09:42
- 10
Re: FireAtWill's Trading Extravaganza (a laugh a minute)
Heeding Dave's sage advice, here goes T20 number 2, this time taking note of risk, so I can attempt to calculate RoI (this is supposed to be a business, after all). All comments should be in the screenshots.
S2 Long, stopped out for -7 pips
D2-1 S1 Long, stopped out for +12 pips
D2-2 S1 Long, stopped out for -4 pips
D2-3
S2 Long, stopped out for -7 pips
D2-1 S1 Long, stopped out for +12 pips
D2-2 S1 Long, stopped out for -4 pips
D2-3
You do not have the required permissions to view the files attached to this post.
"When the facts change, I change my mind"
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
- FireAtWill
- Posts: 16
- Joined: 15 May 2015, 09:42
- 10
Re: FireAtWill's Trading Extravaganza (a laugh a minute)
S2 short
D2-4 S1 long, had to leave in a hurry so closed trade, too much risk in this one!
D2-5
D2-4 S1 long, had to leave in a hurry so closed trade, too much risk in this one!
D2-5
You do not have the required permissions to view the files attached to this post.
"When the facts change, I change my mind"
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
- FireAtWill
- Posts: 16
- Joined: 15 May 2015, 09:42
- 10
Re: FireAtWill's Trading Extravaganza (a laugh a minute)
S1 long
D2-6 S1 long
D2-7
D2-6 S1 long
D2-7
You do not have the required permissions to view the files attached to this post.
"When the facts change, I change my mind"
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
- FireAtWill
- Posts: 16
- Joined: 15 May 2015, 09:42
- 10
Re: FireAtWill's Trading Extravaganza (a laugh a minute)
S1 short
D2-8 S1 short
D2-9 S1 short
D2-10
D2-8 S1 short
D2-9 S1 short
D2-10
You do not have the required permissions to view the files attached to this post.
"When the facts change, I change my mind"
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts
John Maynard Keynes
“Whether you think you can, or you cannot, you are right”
Henry Ford
"The only certainty is Change,
and traders can use Change to make money"
Me
Definition of Excessive - When your signature has more lines than your posts