Ray's amnesty page
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immy
- Founder
- Posts: 9654
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Re: Ray's amnesty page
You been busy on YouTube today... I guess trading is over ...
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!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
haha
not quite. been short since top of the hour, just missed 9490, will see what it does
not quite. been short since top of the hour, just missed 9490, will see what it does
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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baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Ray,
Appreciate you passing on the YouTube links. Have watched the Mark Douglas tribute and have one of his older videos cued up to review. Have been interested in Jack Schwager so will enjoy his video.
Thanks,
Ed
Appreciate you passing on the YouTube links. Have watched the Mark Douglas tribute and have one of his older videos cued up to review. Have been interested in Jack Schwager so will enjoy his video.
Thanks,
Ed
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
The story about the chauffeur is goodbaldeagle wrote:Ray,
Appreciate you passing on the YouTube links. Have watched the Mark Douglas tribute and have one of his older videos cued up to review. Have been interested in Jack Schwager so will enjoy his video.
Thanks,
Ed
Today's been a slow kind of day, your part of the world not present at trading terminals
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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baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Not a lot of chatter on here these days?
Yesterday was slow going, seeing the NY monkeys weren't there to stimulate any action
Today, a bit better.
Just been plotting equity curve, the last 500 trades, taken over about 6 weeks. Makes me feel better, I would call it fairly steady progress but I must reduce the zig zags (wave 4s) !
Yesterday was slow going, seeing the NY monkeys weren't there to stimulate any action
Today, a bit better.
Just been plotting equity curve, the last 500 trades, taken over about 6 weeks. Makes me feel better, I would call it fairly steady progress but I must reduce the zig zags (wave 4s) !
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
Starting from 19m50s on this video is an important message
Good trading should be EFFORTLESS
you don't get better by forcing it and working harder
I am due a lot of criticism for some of my errors this week, but I'm still ahead of target so the woopsie of a big losing trade on chart below doesn't do more than deprive me of a bit of chocolate
513 pips so far for the month
Good trading should be EFFORTLESS
you don't get better by forcing it and working harder
I am due a lot of criticism for some of my errors this week, but I'm still ahead of target so the woopsie of a big losing trade on chart below doesn't do more than deprive me of a bit of chocolate
513 pips so far for the month
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 realise that while we trade share indices like Dax we don't really care whether the market moves up or down as the system is capable of making gains either way, nevertheless of course other assets we might have such as pensions are liable to suffer
But are we about to go back into economic recession?
I have for a long time believed in the Baltic Dry, a shipping cost index, as a sign.
This article is scary reading:
http://uk.businessinsider.com/baltic-dr ... ory-2016-1
But are we about to go back into economic recession?
I have for a long time believed in the Baltic Dry, a shipping cost index, as a sign.
This article is scary reading:
http://uk.businessinsider.com/baltic-dr ... ory-2016-1
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 stayed in this one a bit too long, and probably late getting in too, nevertheless 57 pips was a good start to the day
Short again since 0840, not recommending anyone does what I do though lol
Short again since 0840, not recommending anyone does what I do though lol
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
Not a lot of time for trading today, although +2.2% from 3 hrs trading in the morning
Fact: Of the last 100 trades I have let 64 of them go to loss, but the 36 which were profitable have enabled me in those 100 tries to add 61% to the account, generally at low risk, and all from 419 pips. I know you could call my present system sloppy, but it works, I dump many trades which look liable to go wrong as soon as possible, whether or not they would have subsequently been OK, and I feel quite relaxed, more stress-free than I have been for a long time.
Fact: Of the last 100 trades I have let 64 of them go to loss, but the 36 which were profitable have enabled me in those 100 tries to add 61% to the account, generally at low risk, and all from 419 pips. I know you could call my present system sloppy, but it works, I dump many trades which look liable to go wrong as soon as possible, whether or not they would have subsequently been OK, and I feel quite relaxed, more stress-free than I have been for a long time.
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."