Thanks Immy, I get what you are saying, will re read it all again though, to get it to sink in.
Now Jasmien's back I will work with her on this too.
Have a great holiday
Vicky
Vicky's Journals
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vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Vicky's Journals
You have a GREAT friend... WE have a great friend... ENJOY
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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vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
We sure do!
I have been lucky to collect a few great friends over the years, all hand picked of course!
I have been lucky to collect a few great friends over the years, all hand picked of course!
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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Jasmien
- AIMSter
- Posts: 796
- Joined: 28 Apr 2016, 14:46
- 9
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vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
26/07/18
Batch 3
Trade 20
US30 H4 Long
DS1
S1,Nice one to end the batch. I have a few that are taking ages to come to a conclusion, so it was nice to get a quicker one in.
End result was +2R
R result to date for this batch: +6R
DS score for batch: 19/20
Overall total R score: (all batches) +17R
Batch 3
Trade 20
US30 H4 Long
DS1
S1,Nice one to end the batch. I have a few that are taking ages to come to a conclusion, so it was nice to get a quicker one in.
End result was +2R
R result to date for this batch: +6R
DS score for batch: 19/20
Overall total R score: (all batches) +17R
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
-
vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
Review of batch 3.
The main things that this batch showed me was
1. By being disiplines and following my plan the results will continue. This was important, after coming from a double digit R for the batch before.
2. Not all batches will play out the same way, some positions take longer (be patient, let them unfold)
3. The time to complete each batch will also be different, this one was quicker but the R was less.
On to batch 4 ..........
The main things that this batch showed me was
1. By being disiplines and following my plan the results will continue. This was important, after coming from a double digit R for the batch before.
2. Not all batches will play out the same way, some positions take longer (be patient, let them unfold)
3. The time to complete each batch will also be different, this one was quicker but the R was less.
On to batch 4 ..........
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Vicky's Journals
That's a wonderful trade to finish the third Batch.
Let me count. So that's slightly more than the average 5R per batch we think Setup 1 strategy gives us. (5.6R). That seems to be the case. Now to some people it might sound pretty lame but they cannot be more wrong. We are always promised overnight riches by the bad marketers selling trading systems out there. And that raises our expectations. But in reality these apparently small numbers, when compounded, are not small at all. 5% per batch means
(Note to Readers: the specific result can only be achieved if you apply the Entry Rules, Risk and Trade Management Rules to the T - in other words, only if you apply the T20 Principle Stage 1-3 like Vicky and JAsmien and a few others have done)
A hypothetical projection based at 1% risk and trading Setup 1. Assuming every month gets a Batch and 5% Profit. Whats NEXT: The way to increase profitability is not to trade more. One can look at manipulating risk per trade.
E.g. if we increase the risk per trade byu just half a percent from 1% per trade to 1.5% per trade. We will get 7.5% profit per month.
At 7.5% profit per month a $10,000 will turn into ....
Let me count. So that's slightly more than the average 5R per batch we think Setup 1 strategy gives us. (5.6R). That seems to be the case. Now to some people it might sound pretty lame but they cannot be more wrong. We are always promised overnight riches by the bad marketers selling trading systems out there. And that raises our expectations. But in reality these apparently small numbers, when compounded, are not small at all. 5% per batch means
(Note to Readers: the specific result can only be achieved if you apply the Entry Rules, Risk and Trade Management Rules to the T - in other words, only if you apply the T20 Principle Stage 1-3 like Vicky and JAsmien and a few others have done)
A hypothetical projection based at 1% risk and trading Setup 1. Assuming every month gets a Batch and 5% Profit. Whats NEXT: The way to increase profitability is not to trade more. One can look at manipulating risk per trade.
E.g. if we increase the risk per trade byu just half a percent from 1% per trade to 1.5% per trade. We will get 7.5% profit per month.
At 7.5% profit per month a $10,000 will turn into ....
You do not have the required permissions to view the files attached to this post.
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!
-
vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
Hi Immy,
Thank you so much for posting this information, the power of compounding can never be under estimated.
These figures are huge, looking forward to the journey!
Vicky
Thank you so much for posting this information, the power of compounding can never be under estimated.
These figures are huge, looking forward to the journey!
Vicky
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
-
Jasmien
- AIMSter
- Posts: 796
- Joined: 28 Apr 2016, 14:46
- 9
Re: Vicky's Journals
Just a perfect trade and execution of it! Well done taking thisvickyp wrote: 27 Jul 2018, 06:31 26/07/18
Batch 3
Trade 20
US30 H4 Long
DS1
S1,Nice one to end the batch. I have a few that are taking ages to come to a conclusion, so it was nice to get a quicker one in.
End result was +2R
R result to date for this batch: +6R
DS score for batch: 19/20
Overall total R score: (all batches) +17R
) Omg batch 4 beings 
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vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
31/07/18
Batch 4
Trade 1
AUD/NZD H4 Long
DS0
I am giving myself a DS0 as the gator was not together and the box should have been smaller.
End result was -1R
R result to date for this batch: -1R
DS score for batch: 0/1
Overall total R score: (all batches) +16R
Batch 4
Trade 1
AUD/NZD H4 Long
DS0
I am giving myself a DS0 as the gator was not together and the box should have been smaller.
End result was -1R
R result to date for this batch: -1R
DS score for batch: 0/1
Overall total R score: (all batches) +16R
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"