An email I wrote to an investment client today, he was getting excited because shares were up
"Yes some of the markets are up strongly today, but look at the UK share index, if it ended the year where it is right now, it's about 10% down since the year started! So nothing fantastic for the investment companies to brag about.
I don't look at the weekend papers very much, but I promise you one thing! If shares were 10% up and not 10% down, there would be a lot more adverts from unit trust managers. Funny that!
Kind regards
Ray"
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
I thought about beginning next year with a "Fast Start" campaign, but have decided to scrap that idea and go for a "Steady Start"
The aim is 20% in January (1% a day) at max 2% DD. Using only Dax, any number of trades allowed.
But I am going to retire for a day if I make 3% by fluke and good judgement rather than give any back until the morrow.
I am of the feeling that less is definitely more, and that I would be happier taking smaller risks and preferably taking shorter trades.
This week for example I have let 57% of my trades go to loss. But in spite of this I have traded 108 times and still made 34% gain.
Other people have found the same, here, it's the few trades which run a long way up that make the money!
Yes my whole month target is less than what I've made in a week but I'm concentrating on Stress-less trading and seeing if it makes me feel better
The aim is 20% in January (1% a day) at max 2% DD. Using only Dax, any number of trades allowed.
But I am going to retire for a day if I make 3% by fluke and good judgement rather than give any back until the morrow.
I am of the feeling that less is definitely more, and that I would be happier taking smaller risks and preferably taking shorter trades.
This week for example I have let 57% of my trades go to loss. But in spite of this I have traded 108 times and still made 34% gain.
Other people have found the same, here, it's the few trades which run a long way up that make the money!
Yes my whole month target is less than what I've made in a week but I'm concentrating on Stress-less trading and seeing if it makes me feel better
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
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Re: Ray's amnesty page
break of h4 fractal aims level on dax, riding this down since 1448
1540 closed for 45 points (after possibility of 60 or 65 pips)
1540 closed for 45 points (after possibility of 60 or 65 pips)
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
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Re: Ray's amnesty page
In % of trades that were winners, not a good week, but yet due to variation in contract sizes, and a few big winners much more than offsetting a lot of small losers it was a result I want to repeat
Trades 110. Winners 46 Losers (and break even) 64 42%v 58%
18.9 pips average win. 11.2 pips average loss. Pips made 158 net.
PF 1.71 in terms of capital. ROC 35.1
-----------------------------------------------------------------------------------------------------------------------
Plan for January for a Steady Start
Dax M1 time frame.
Trade at least 10 days in the month, but not every day, times must be inside 0800 to 1030 and 1430 to 1645 GMT
Target 20% return in the month.
Trading starts to be S1 entries, (i.e. fractal breaks when AO is not far away from zero), plus a second strategy which I have found works really well for me.
1% risk per trade at 20 SL or tighter initial SL based on fractals in the previous 20 bars.
Other KPIs: pips in 20 and in 100, equity growth in 20 and in 100 tries,
Take profit the same as usual which is ad lib rather than preset, having regard to green line, price action, and tightening stop loss.
Retire for the day if 3% made. If trading in the NY session, to trade at half the % risk of the morning session if the morning was profitable but don't trade afternoons if 3% already attained.
Let's see whether that is a stress-free formula
Trades 110. Winners 46 Losers (and break even) 64 42%v 58%
18.9 pips average win. 11.2 pips average loss. Pips made 158 net.
PF 1.71 in terms of capital. ROC 35.1
-----------------------------------------------------------------------------------------------------------------------
Plan for January for a Steady Start
Dax M1 time frame.
Trade at least 10 days in the month, but not every day, times must be inside 0800 to 1030 and 1430 to 1645 GMT
Target 20% return in the month.
Trading starts to be S1 entries, (i.e. fractal breaks when AO is not far away from zero), plus a second strategy which I have found works really well for me.
1% risk per trade at 20 SL or tighter initial SL based on fractals in the previous 20 bars.
Other KPIs: pips in 20 and in 100, equity growth in 20 and in 100 tries,
Take profit the same as usual which is ad lib rather than preset, having regard to green line, price action, and tightening stop loss.
Retire for the day if 3% made. If trading in the NY session, to trade at half the % risk of the morning session if the morning was profitable but don't trade afternoons if 3% already attained.
Let's see whether that is a stress-free formula
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
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Re: Ray's amnesty page
Looks like I would have made at least 60 pips more if I held onto a short trade (Dax, m1, starting 1440 GMT) just for 15 or 20 more minutes. Never mind I achieved my upper limit of 3% for the day, when I guess many will have gone away until New Year. I think likewise I will just trade "paper" if I watch charts the rest of this week. I do have recollections all the same of the period between Xmas and New Year being immensely profitable in previous experience.
PS Or more like 90 to 100 more pips if I waited 40 minutes.............. I don't get them all right by a long mile, I've lost quite a few trades today but least I was on the right side of this main one and ended up on the day
27.5% ROC the last 100 tries.
PS Or more like 90 to 100 more pips if I waited 40 minutes.............. I don't get them all right by a long mile, I've lost quite a few trades today but least I was on the right side of this main one and ended up on the day
27.5% ROC the last 100 tries.
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."
-
wiseambitions
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Tuesday morning I still traded
Actually took EVERY signal with my system with not much filtering. Traded 7, lost 6, but ended up 4.5%. Why? Because I took a wonderful trade at 8.15GMT on Dax, and held short until it went to over 100 and came slightly off the bottom. I might not have even taken the entry if I thought too much about it....that's the luck of the game.
Perhaps I disagree with people who want lots of conditions to come right before they will "dare" to open a position....... Dax tends to offer lots of pips on one or two main runs a day (except for bank holidays etc) and with fairly tight stop losses it doesn't mean that lots of small losing trades are a bad thing at all, it's the big ones that produce the worthwhile gains, and we don't know in what order they come available
Actually took EVERY signal with my system with not much filtering. Traded 7, lost 6, but ended up 4.5%. Why? Because I took a wonderful trade at 8.15GMT on Dax, and held short until it went to over 100 and came slightly off the bottom. I might not have even taken the entry if I thought too much about it....that's the luck of the game.
Perhaps I disagree with people who want lots of conditions to come right before they will "dare" to open a position....... Dax tends to offer lots of pips on one or two main runs a day (except for bank holidays etc) and with fairly tight stop losses it doesn't mean that lots of small losing trades are a bad thing at all, it's the big ones that produce the worthwhile gains, and we don't know in what order they come available
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
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- Posts: 1127
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Re: Ray's amnesty page
Seeing I have no appointments, I have been able to watch the screen all the morning
I'm relaxed whether I make or lose, however to prove a point about being happy to let go of losing trades, and waiting for a new opportunity, here are today's results so far
Trades taken 18. Winners 6 ....yes only 33%. Losers 67%
Perhaps I have been trading badly, but I'm up 49 pips
DD max 3.8%
ROC 6.62%. Yes +6.62% so far (to 1430GMT). Seems an adequate demonstration that the win rate isn't everything!
I will update if I can do some more this afternoon with the same tactics.
Closing update. 32 trades today. Up 11.8pc. Most trades were losers. Just a few amazing ones that compensated
I'm relaxed whether I make or lose, however to prove a point about being happy to let go of losing trades, and waiting for a new opportunity, here are today's results so far
Trades taken 18. Winners 6 ....yes only 33%. Losers 67%
Perhaps I have been trading badly, but I'm up 49 pips
DD max 3.8%
ROC 6.62%. Yes +6.62% so far (to 1430GMT). Seems an adequate demonstration that the win rate isn't everything!
I will update if I can do some more this afternoon with the same tactics.
Closing update. 32 trades today. Up 11.8pc. Most trades were losers. Just a few amazing ones that compensated
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."
-
wiseambitions
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
A late start to S1 on Dax because I wanted to wait until LO (0800) confirmed the uptrend. About 41.5 pips profit, after missing 55
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."
-
wiseambitions
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Lovely 32 pips starting 1419 ( a bit a head of NYO I confess)
That's me done for this week.................
I wish every member who reads a Happy Christmas, hopefully to be spent with your friends and families
That's me done for this week.................
I wish every member who reads a Happy Christmas, hopefully to be spent with your friends and families
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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
monday morning
In spite of many countries being on Bank Holiday, Dax has been trading in fairly normal fashion
I did 9 trades, got hit by a fair amount of whip as it ranged, but took 49 after about 60 ending around 1230 GMT.
I expect it will go a lot more now!
Net result about 2.8% up, after 2.2% DD
In spite of many countries being on Bank Holiday, Dax has been trading in fairly normal fashion
I did 9 trades, got hit by a fair amount of whip as it ranged, but took 49 after about 60 ending around 1230 GMT.
I expect it will go a lot more now!
Net result about 2.8% up, after 2.2% DD
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."