A Win is a Win = Account Destroyed in the Long Run
then comes what you said... IMHO
Ray's amnesty page
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Ray's amnesty page
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!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
yes I'm sure a TP of 1 and a wide stop loss would give awful results
But if I can take a few more150's even if they might have been 250 I'll stay in business
But if I can take a few more150's even if they might have been 250 I'll stay in business
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
- 13
Re: Ray's amnesty page
Actually Immy I'm feeling a teeny little bit guilty for selling the stock markets short today.
It's been a really good session for me, possibly the 2nd best of the year so far. 24 trades. PF 1.59. ROI dont worry.
I was just thinking of the thousands of hours it takes to learn this stuff. And really the only short cuts are to take close heed to what the masters tell us. Thanks for your input
In fact if it were all put into one book, then it only leaves one book which could be any bigger.
Here it is (not intending to offend anyone)
It's been a really good session for me, possibly the 2nd best of the year so far. 24 trades. PF 1.59. ROI dont worry.
I was just thinking of the thousands of hours it takes to learn this stuff. And really the only short cuts are to take close heed to what the masters tell us. Thanks for your input
In fact if it were all put into one book, then it only leaves one book which could be any bigger.
Here it is (not intending to offend anyone)
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
- 13
Re: Ray's amnesty page
Long entry 0739, a few pips above fractal, but once cross of purple line was established.
Took just over 50, a couple minutes before London opening, which is a time when it can go a bit wild. Stopped by SL 5 bars trailing
It did go up a bit more after LO but I was happy to take the available profit and not let it erode at the LO
The chart showing distribution of pips received in the latest 100 trades. Which were enough for +40% capital growth
Took just over 50, a couple minutes before London opening, which is a time when it can go a bit wild. Stopped by SL 5 bars trailing
It did go up a bit more after LO but I was happy to take the available profit and not let it erode at the LO
The chart showing distribution of pips received in the latest 100 trades. Which were enough for +40% capital growth
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
- 13
Re: Ray's amnesty page
Tuesday. Only had 3.5 hrs of trading, 9 tries, 4 wins, 5 losses, pf 3.06 return +5.8%, worst DD 2.3% best win 51.2pp
I came back later to see what opportunities I might have missed, it looked like a good day for catching a few trends. I find I do well if I can catch a long trend and hang in until closed by a manually moved stop loss, or divergence, green line cross, fractal break or reversing signal. But of course not every day offers these. I don't mind a few small losses if I get a few 50 or 100 pippers. Whereas I notice some of you are going for a quick price movement, using a lot of patience waiting for the right trigger, then an outcome in only a few bars, which I have no doubt has its merits.
I came back later to see what opportunities I might have missed, it looked like a good day for catching a few trends. I find I do well if I can catch a long trend and hang in until closed by a manually moved stop loss, or divergence, green line cross, fractal break or reversing signal. But of course not every day offers these. I don't mind a few small losses if I get a few 50 or 100 pippers. Whereas I notice some of you are going for a quick price movement, using a lot of patience waiting for the right trigger, then an outcome in only a few bars, which I have no doubt has its merits.
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
- 13
Re: Ray's amnesty page
I did not know whether the big round number (BRN) of 9000 would be strong resistance or the springboard for another push up this morning
anyway 104 pips for me at 9040
The Dax is comprised of the share values of 30 companies. When you consider VW emissions scandal knocked about 500 points off, and then read about Deutsche Bank which is off more than 40% since the new year, you realise how sensitive it is to one or two component firms having a bad time. Anyway we don't need to concern ourselves with that, other than to understand the charts that we see
anyway 104 pips for me at 9040
The Dax is comprised of the share values of 30 companies. When you consider VW emissions scandal knocked about 500 points off, and then read about Deutsche Bank which is off more than 40% since the new year, you realise how sensitive it is to one or two component firms having a bad time. Anyway we don't need to concern ourselves with that, other than to understand the charts that we see
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
- 13
Re: Ray's amnesty page
Only had time for one trade this afternoon
Long once out of aims box and crossed up through the purple (it's just something I like to wait for sometimes), and out when 2nd peak of AO diverged to be less high than the first for 33 pips. +221 today and 14.8% from 17 trades worst DD 4%
Maybe some other traders will agree with changes I've made to my trading which for the last 3 or 4 months have boosted my success:
1) Start each day, with the first trade at a lower lot size than average. It helps me accept the loss if it proves not to be a good trade, and also gives me the courage to leave the trade running if it is trending nicely, until an exit signal comes up. I find this important (trading at a lower risk) if it's before London opens because the price can go a bit wild immediately that happens, not always in line with the indicators.
2) Reduce the lot size after making a profit. No two trades are related, the next one might not be another winner, but more importantly it is likely that one is governed by euphoria and not attending correctly to the signals next time.
3) Add on slightly to trades which are going the right way (the eBook recommends this). Not forgetting to manage the stop losses carefully when there are multiple starts at work.
4) Be very cautious in the few minutes after a losing trade. Make sure the next entry is valid according to your own strategy, and not impulsively taken in revenge.
Long once out of aims box and crossed up through the purple (it's just something I like to wait for sometimes), and out when 2nd peak of AO diverged to be less high than the first for 33 pips. +221 today and 14.8% from 17 trades worst DD 4%
Maybe some other traders will agree with changes I've made to my trading which for the last 3 or 4 months have boosted my success:
1) Start each day, with the first trade at a lower lot size than average. It helps me accept the loss if it proves not to be a good trade, and also gives me the courage to leave the trade running if it is trending nicely, until an exit signal comes up. I find this important (trading at a lower risk) if it's before London opens because the price can go a bit wild immediately that happens, not always in line with the indicators.
2) Reduce the lot size after making a profit. No two trades are related, the next one might not be another winner, but more importantly it is likely that one is governed by euphoria and not attending correctly to the signals next time.
3) Add on slightly to trades which are going the right way (the eBook recommends this). Not forgetting to manage the stop losses carefully when there are multiple starts at work.
4) Be very cautious in the few minutes after a losing trade. Make sure the next entry is valid according to your own strategy, and not impulsively taken in revenge.
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."
-
Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
- 13
Re: Ray's amnesty page
This one is crucial. After a losing trade take a couple minutes to take stock. The greatest urge to enter in revenge is immediately after a loser so make a cup of tea and come back in 3 minutes, let the next setup form.wiseambitions wrote:Only had time for one trade this afternoon
4) Be very cautious in the few minutes after a losing trade. Make sure the next entry is valid according to your own strategy, and not impulsively taken in revenge.
Now, I choose to make a profit in trading.
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
I'm glad you're a tea liker too down there Dave
After a few small losses this morning I got into a nice short trade. Closed out by green line, but happy with the winning, missed taking 150 but didnt do too badly
Just put the kettle on for myself
After a few small losses this morning I got into a nice short trade. Closed out by green line, but happy with the winning, missed taking 150 but didnt do too badly
Just put the kettle on for myself
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
- 13
Re: Ray's amnesty page
Reported in the Daily Telegraph (London news paper)
According to Paddy Power, there are "no sunny days in sight" for financial markets.
With widespread investor panic and market turbulence, the bookmaker has opened the betting on the FTSE's downward spiral.
The bookmaker is offering a skimpy 5/2 (30pc chance) the FTSE 100 dips below 5,000 points before June – the first time since 2011.
Other specials include:
13/2 UK to enter recession before Q1 2017
8/1 Gold to reach $2000 before June
With persistent oil price volatility, the bookmaker makes it odds on for the black stuff to finish the month sub $31 a barrel.
=================================================================================
We don't need to concern ourselves with any of that, so far as concerns CFD and SB trading.........there are signals to go short and signals to go long every day.........Just follow them and don't be loyal to any index or any currency just ACT IN YOUR OWN BEST INTERESTS, whichever way the system tells you to trade.
According to Paddy Power, there are "no sunny days in sight" for financial markets.
With widespread investor panic and market turbulence, the bookmaker has opened the betting on the FTSE's downward spiral.
The bookmaker is offering a skimpy 5/2 (30pc chance) the FTSE 100 dips below 5,000 points before June – the first time since 2011.
Other specials include:
13/2 UK to enter recession before Q1 2017
8/1 Gold to reach $2000 before June
With persistent oil price volatility, the bookmaker makes it odds on for the black stuff to finish the month sub $31 a barrel.
=================================================================================
We don't need to concern ourselves with any of that, so far as concerns CFD and SB trading.........there are signals to go short and signals to go long every day.........Just follow them and don't be loyal to any index or any currency just ACT IN YOUR OWN BEST INTERESTS, whichever way the system tells you to trade.
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."