Got started on Dax eventually. Cannot say the day was enjoyable but it ended well. 15 trades 8 winners, 7 losers, max DD 2.47% PF 3.67 and when I decided to pull out I realised in spite of all that I achieved 3 days' profit target.
There was a brilliant video on Youtube until last year with the illustrious Mark Douglas saying the cry of the losing trader is "I will get out of this bad trade at break even". Of course we know the feeling. But something else he said was that if you're in a trade and you're not exactly sure about it, consider closing half of it. I don't suppose that feeling ought to happen to us if we methodically follow a strategy, but I'm certain we all look at the charts sometimes and wonder "why did I do that?"
Ray's amnesty page
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wiseambitions
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Re: Ray's amnesty page
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
One of the brokers today increased the margin money (reduced the leverage) in the middle of the day on equities, without prior warning.
Now if someone was on a low leverage account (25:1 perhaps?) that could have been uncomfortable if it occurred mid trade and knocked you out. Worse than a turnstile getting you in the goolies
These are unusual times, and brokers are doing things they haven't done before to protect themselves from an Alpari moment.
Now if someone was on a low leverage account (25:1 perhaps?) that could have been uncomfortable if it occurred mid trade and knocked you out. Worse than a turnstile getting you in the goolies
These are unusual times, and brokers are doing things they haven't done before to protect themselves from an Alpari moment.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Very early Tuesday morning. After waking a bit too soon, but having enjoyed a cup of tea and savouring the cool outside air at dawn.
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D1. Yesterday started from a low point and the market actually improved better than the first price. Meaning you get a fruit arrow (long) and AO is starting to diverge. Now I can only remember one person who decided m1 trades on the direction of d1, but it may be that the Greek fiasco might have been overplayed yesterday unless it comes back to spook everyone again today.
===
PS. Today is 10th anniversary of the London bombings. I happened to be getting off a train at a London terminus a few minutes after it happened, the police were telling us to leave the station as quick as possible, and the talk at the time was "power surge". Mobile phones did not seem to work, and it was only when I was at a meeting right in the middle of where it had all gone on and seen it on TV that I knew. Not many people got to the meeting and going home that night was also a slow process as the station was evacuated again. Thoughts are with all those affected, and let's hope it doesn't happen like that again. Nor in Tunisia and other places which have been peaceful until lately.
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D1. Yesterday started from a low point and the market actually improved better than the first price. Meaning you get a fruit arrow (long) and AO is starting to diverge. Now I can only remember one person who decided m1 trades on the direction of d1, but it may be that the Greek fiasco might have been overplayed yesterday unless it comes back to spook everyone again today.
===
PS. Today is 10th anniversary of the London bombings. I happened to be getting off a train at a London terminus a few minutes after it happened, the police were telling us to leave the station as quick as possible, and the talk at the time was "power surge". Mobile phones did not seem to work, and it was only when I was at a meeting right in the middle of where it had all gone on and seen it on TV that I knew. Not many people got to the meeting and going home that night was also a slow process as the station was evacuated again. Thoughts are with all those affected, and let's hope it doesn't happen like that again. Nor in Tunisia and other places which have been peaceful until lately.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
A year or more ago Immy did some sort of survey on peoples' definition of "trading mistakes"
If this one was missed, here it is:
"Forgetting to cancel an unwanted Pending Order"
I went to breakfast half an hour ago and came back looking at my terminal and wondering why I was in a trade, and it was a bad one too! Anyway got out of it in a few minutes by watching the price action and by some clever engineering of that managed to pull a profit.
Tranquilisers are required, please send by email or any other effective means!
If this one was missed, here it is:
"Forgetting to cancel an unwanted Pending Order"
I went to breakfast half an hour ago and came back looking at my terminal and wondering why I was in a trade, and it was a bad one too! Anyway got out of it in a few minutes by watching the price action and by some clever engineering of that managed to pull a profit.
Tranquilisers are required, please send by email or any other effective means!
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Eurogroup meetings today, on the Greek fiasco. Maybe not the cleverest idea to trade as market seems to be ranging
3 steps forwards, 2 steps back, that's the arduous progress of the last 4 hours. PF 1.7, 1.1%DD and 2.2% positive return is acceptable though.
Time to do something different. Guess I'll miss some excitement now !
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closed 2 more trades, making 2.7% ROI, PF 1.8, but I burned up 30 entries. Missed the early afternoon rout too, but never mind.
1% a day rolled up for a year multiplies an account by 12
2% a day would multiply such an account by over 140..........
And hedge fund managers are very happy to get 10% returns in the same timeframe......
We have a much more fruitful means of making money than any of their hedges!
3 steps forwards, 2 steps back, that's the arduous progress of the last 4 hours. PF 1.7, 1.1%DD and 2.2% positive return is acceptable though.
Time to do something different. Guess I'll miss some excitement now !
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closed 2 more trades, making 2.7% ROI, PF 1.8, but I burned up 30 entries. Missed the early afternoon rout too, but never mind.
1% a day rolled up for a year multiplies an account by 12
2% a day would multiply such an account by over 140..........
And hedge fund managers are very happy to get 10% returns in the same timeframe......
We have a much more fruitful means of making money than any of their hedges!
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Analysis of trade outcome (win or lose) by starting time
The attached graph is for UK time + 2 hours.
It relates to the history of over 200 Dax trades in the last 3 weeks on one account.
3740 pips from winning trades
567 pips of rent
win rate 72%
The hour of FO makes me ask myself a few questions.
1. Is it the market behaviour or is it me or is it both?
2. Is it better for me to wait until the market settles, after LO?
3. Should I rearrange my day just to trade afternoons?
The attached graph is for UK time + 2 hours.
It relates to the history of over 200 Dax trades in the last 3 weeks on one account.
3740 pips from winning trades
567 pips of rent
win rate 72%
The hour of FO makes me ask myself a few questions.
1. Is it the market behaviour or is it me or is it both?
2. Is it better for me to wait until the market settles, after LO?
3. Should I rearrange my day just to trade afternoons?
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
I have just confirmed my thoughts of yesterday with today's experience
Trades 0700 to 0800 UK time. Return -0.6%
Trades 0800 to 0900 UK time. Return +4.2%
Net result so far +3.6%
I think it was the market and not me, although I would have lost less if I had reset the SL a bit quicker
Trades 0700 to 0800 UK time. Return -0.6%
Trades 0800 to 0900 UK time. Return +4.2%
Net result so far +3.6%
I think it was the market and not me, although I would have lost less if I had reset the SL a bit quicker
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Decided Friday for reasons previously mentioned to wait until after 8 before partaking in Dax. Then had to go out for 3 hours so didn't get involved in any LO stuff at all. Son's car lost a wheel in the fast lane, fortunately all ended up ok but it was a potential disaster, and I took him my car so he could at least get to work. Makes me appreciate how lovely it is not to have to commute 50 miles every day to do this stuff. I've had enough of doing that, working for other people, now I enjoy the chance to work for myself
Anyhow, chance arose on my return to take a few trades. I am only trading about .25% risk per time but will open multiple entries on a "campaign". For example as well as a PO I will also enter manually if price goes back into the box a minute, using green line if not red as the stop loss, and I've had luck from doing so.
4.3% so far today from 17 starts, and more than 32% for the week on a particular account, (over 100 starts), nice feelings. I have been able to spend more hours at the terminal the last 3 or 4 weeks, not sure whether this can be continued, but the opportunities Dax is giving at the moment are lucrative if we can act fast enough and the IT keeps reliable. Just believe in the system!
Update at market close; 37 trades today, up 7.29%, DD 0.4%. I hope it carries on being this kind to me
Anyhow, chance arose on my return to take a few trades. I am only trading about .25% risk per time but will open multiple entries on a "campaign". For example as well as a PO I will also enter manually if price goes back into the box a minute, using green line if not red as the stop loss, and I've had luck from doing so.
4.3% so far today from 17 starts, and more than 32% for the week on a particular account, (over 100 starts), nice feelings. I have been able to spend more hours at the terminal the last 3 or 4 weeks, not sure whether this can be continued, but the opportunities Dax is giving at the moment are lucrative if we can act fast enough and the IT keeps reliable. Just believe in the system!
Update at market close; 37 trades today, up 7.29%, DD 0.4%. I hope it carries on being this kind to me
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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Tracker
- Free Member
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- Joined: 25 Apr 2014, 08:05
- 11
Re: Ray's amnesty page
Hi Ray,
I always enjoy reading your journal. Gives me new ideas and different angles to look at my own trading.
Have a nice weekend
Cheers, Tracker
I always enjoy reading your journal. Gives me new ideas and different angles to look at my own trading.
Have a nice weekend
Cheers, Tracker
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azadar
- AIMSter
- Posts: 245
- Joined: 01 Dec 2012, 01:53
- 13
Re: Ray's amnesty page
Amazing results Ray ! May they continue forever! Thanks for sharing your results and giving us a glimpse of your strategy. Love to hear from other successful aimsters 