Ray's amnesty page
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Stayed in a bit too long but not a bad result really
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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
150 glorious pips
opened trade at 1443 GMT, got stopped out at GL as a new fractal was forming 150.3 to the good after nearly 200 ! ! ! !
I would not want to have been on the wrong side of that trend, in hoping and praying mode.
opened trade at 1443 GMT, got stopped out at GL as a new fractal was forming 150.3 to the good after nearly 200 ! ! ! !
I would not want to have been on the wrong side of that trend, in hoping and praying mode.
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
Lovely way to start the day
Short just after 0700 after massive gap up
99 pips
Short just after 0700 after massive gap up
99 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
- 13
Re: Ray's amnesty page
I dont think any of us are guilty of this. He got quite rich out of it but might have to make the best of 380 years in jail
A trader dubbed the 'Hound of Hounslow' accused of helping to cause a £350billion Wall Street crash placed up to 7.4million market orders in a single day, a court heard today.
Navinder Sarao, 37, allegedly made over £30 million from his west London bedroom by constantly placing and withdrawing offers to sell or buy commodities in deals he never intended to execute.
On one day he is said to have placed 7.4million orders, accounting for nearly half of similar market activity across the entire Chicago Mercantile Exchange.
Sarao faces extradition to the US over 22 allegations of wire fraud, commodities fraud and market manipulation between June 2009 and April 2014, which could incur a prison sentence of 380 years in prison.
Today the US government claimed Sarao's 'dishonest' trading of contributed to a market imbalance which culminated in the Flash Crash on 6th May 2010.
The Crash, which lasted 36 minutes, saw the Dow Jones Industrial Average experience its biggest intraday point drop, plunging 998.5 points.
Sarao is said to be worth £27million after working as a lone trader from his parents' semi-detached home in west London.
Today, he sat with his head bowed throughout proceedings. He is accused of using an automated trading programme to place large volumes of 'sell' orders, before cancelling them. The activity allegedly helped drive market prices down.
The court heard he would constantly modify the prices of his 'sells' to continue the pattern, before buying at 'bargain' prices.
'The prosecution allegation is that by that trading he engaged in what is known as spoofing - spoofing is market manipulation,' said Mark Summers QC, for the US.
Mr Mark Summers, QC, said Sarao had succeeded by creating an 'Illusion there is a market for that product and the illusion of liquidity.'
Sarao then 'took advantage of prices he has artificially created,' Westminster Magistrates' Court heard.
'He was dishonest in his trading and never had any intention of letting his sell orders be executed,' said Mr Summers.
Read more: http://www.dailymail.co.uk/news/article ... z3zDmIBoZM
Follow us: @MailOnline on Twitter | DailyMail on Facebook
A trader dubbed the 'Hound of Hounslow' accused of helping to cause a £350billion Wall Street crash placed up to 7.4million market orders in a single day, a court heard today.
Navinder Sarao, 37, allegedly made over £30 million from his west London bedroom by constantly placing and withdrawing offers to sell or buy commodities in deals he never intended to execute.
On one day he is said to have placed 7.4million orders, accounting for nearly half of similar market activity across the entire Chicago Mercantile Exchange.
Sarao faces extradition to the US over 22 allegations of wire fraud, commodities fraud and market manipulation between June 2009 and April 2014, which could incur a prison sentence of 380 years in prison.
Today the US government claimed Sarao's 'dishonest' trading of contributed to a market imbalance which culminated in the Flash Crash on 6th May 2010.
The Crash, which lasted 36 minutes, saw the Dow Jones Industrial Average experience its biggest intraday point drop, plunging 998.5 points.
Sarao is said to be worth £27million after working as a lone trader from his parents' semi-detached home in west London.
Today, he sat with his head bowed throughout proceedings. He is accused of using an automated trading programme to place large volumes of 'sell' orders, before cancelling them. The activity allegedly helped drive market prices down.
The court heard he would constantly modify the prices of his 'sells' to continue the pattern, before buying at 'bargain' prices.
'The prosecution allegation is that by that trading he engaged in what is known as spoofing - spoofing is market manipulation,' said Mark Summers QC, for the US.
Mr Mark Summers, QC, said Sarao had succeeded by creating an 'Illusion there is a market for that product and the illusion of liquidity.'
Sarao then 'took advantage of prices he has artificially created,' Westminster Magistrates' Court heard.
'He was dishonest in his trading and never had any intention of letting his sell orders be executed,' said Mr Summers.
Read more: http://www.dailymail.co.uk/news/article ... z3zDmIBoZM
Follow us: @MailOnline on Twitter | DailyMail on Facebook
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
This morning, NFP day, it's up and down like a whore's drawers. Dont know why, and it has been tricky to trade in this mess
Here's one of my better tries, although I was late getting out
Here's one of my better tries, although I was late getting out
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
Rather near the mad moments of NFP in 12 minutes, so I'm out of here now by a push of the button rather than SL or target or anything other than caution
Happy with this result and happy with the week.
Pips in last 100 trades on scatter graph might look mainly negative but they were enough for +32% ROC
A fund manager sent me this today, to justify his firm's poor performance "There has been more turbulence than normal in our portfolios, but this is due to the unusual increased correlation between asset classes, as well as the increased difficulty of making tactical calls in such “irrational” markets." Hey isn't it nice that we don't have to concern ourselves with a lot of the stuff they need to be aware of! I am trying to make trading easier for myself by keeping it simple, and it seems to work.
Happy with this result and happy with the week.
Pips in last 100 trades on scatter graph might look mainly negative but they were enough for +32% ROC
A fund manager sent me this today, to justify his firm's poor performance "There has been more turbulence than normal in our portfolios, but this is due to the unusual increased correlation between asset classes, as well as the increased difficulty of making tactical calls in such “irrational” markets." Hey isn't it nice that we don't have to concern ourselves with a lot of the stuff they need to be aware of! I am trying to make trading easier for myself by keeping it simple, and it seems to work.
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
after a bit of ranging and multiple losses I was lucky to get into this trend
150 precious pips. I came out on retrace to Green Line of gator. I would not surprise myself it fell more though
It seemed like a good hour's work.
150 precious pips. I came out on retrace to Green Line of gator. I would not surprise myself it fell more though
It seemed like a good hour's work.
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
A lot of self examination going on here. If I stayed in that trade I'd have made possibly another 120 already. But a win is a win, and GL cross is a common reason in my plan to take the available profit. I had endured a bit of whipsaw prior and was very much in FEAR mode. And fear can play havoc with our adherence to strategies. Anyway I think even so, I probably achieved my target for the whole week from the trade as those 150 pips were worth 15% to me so I suppose I must thank the system warmly for putting me into the trade and keeping me in there as long as it did.
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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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Ray's amnesty page
The above could be classed as the most Destructive Concept you or any other trader can ever accept and live with. Just warning others...wiseambitions wrote: But a win is a win,
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
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Re: Ray's amnesty page
Hi Immy
Actually I don't quite agree.
The most destructive concept might be
"I'm in a losing trade right now, but I'll hang on for a while then I'll quit if we get back to Break Even"
Today is the 3rd worst day for peoples UK share portfolios since Nov 2012 ie 3 years 3 months
Actually I don't quite agree.
The most destructive concept might be
"I'm in a losing trade right now, but I'll hang on for a while then I'll quit if we get back to Break Even"
Today is the 3rd worst day for peoples UK share portfolios since Nov 2012 ie 3 years 3 months
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."