Thread: My way to highway

Originally Posted by ;

now I feel little down, but that is temporary.

Profitfarmer,

I am sure you'll be able to overcome the drawdown. Much like what alphadude said, we've been there. Every time you overcome a wholesome drawdown (healthy as in not entirely destroying your account), I think you become a more powerful trader with more expertise. I hope you cheer up soon!

Originally Posted by ;

quote , I am certain you will have the ability to overcome the drawdown. Much like what alphadude stated, we have been there. Each single time you overcome a wholesome drawdown (healthy as in not entirely destroying your account), I think you become a stronger trader with more experience. I hope you cheer up soon!

I am fine, the usual blue mood only, and more importantly the precaution space from market to restrain emotional incline to do ridiculous things.
Yes, we're there, me included, so, in a way routine process. But regular doesnt make it any more plesent to perform, however
with the month down -6.3%, I had worst. To be on course generally I am thinking in 1 percent per week about. . .where the 6 months came from.
Usually if in a drawdown my focus tend to be sharper, idk why, only appear to be, but every time is different, so, to be seen just how it goes this time.

new day, and same outcome.

it wasnt revenge trading, but still ended up the same, an equity SL.
2 months, however, in reality 2 consecutive trading days (discount the afternoon break in between).
I feel. I think that it's normal.
Some ppl had rely on me, and a few ppl earnt lots of cash in my own trading, same ppl are extremely quick to kick into me to the loss, though the system rules were followed, and nothing from system was completed, include no payback trading.
I want time. for myself.
To regroup my thoughts, to trade for myself, and also to focus a bit on anything else.
Make no quick judgement anyone, things are still not gloom and doom for my own trading.
I'm up on the travel, and capital preservation, as was pointed out, is observed.
But as last mentioned, I am human. Maybe I'm out of sync with current market, perhaps not, perhaps it fits my system nevertheless, possibly not. . .the point is, that trading, both size and activity will have to be decreased some till loe the answers.

I find it important to also tackle the poor, not only the great things here.
That is the reason why it's a journal!
Hope all reading this understands the point, and read this as I think one should: a journal.

Originally Posted by ;

new day, exactly the same outcome. It wasnt payback trading, but still ended up the same, an equity SL. 2 months, but in reality 2 consecutive trading days (discount the day rest in between). I feel. I think that it is normal. Some ppl had rely upon me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick into me to the loss, even though the system rules were followed, and nothing from system was done, include no payback trading. I need time. for myself. To regroup my thoughts, to exchange for myself, and to concentrate a bit on other things....

The market is quite trending this week. It's awful for counter trend trades. I took a hit also this week. But trending markets only happen 20 percent of the time (that is the myth), so keep up your head and wait for the days to come.

I don't know whether I am in any position to provide you with any suggestions as I am just starting up on my journey to consistency. However, after considering your previous few trades which led to your DD I found that you let those places operate as far as -70pips and had multiple entrances for EURCAD as much as 8 as opposed to the normal -10pips each position I am wondering why you allow EURCAD and GJ ran that far from the red ? Maybe it is a good place to get started.

I have embraced a method in which I actually don't use physical SL but a mental one similar to yours I feel this type of trading can easily be swept up by changing conditions our misjudgment and self. I personally have yet to think of an efficient risk management plan for my method. For this kind of trading I think understanding exactly when (when it breaches a specific level and the PA seems off for example) to reduce your losses prior the 10% equity SL can restrict the possible downside.

Originally Posted by ;

new day, exactly the same result. It wasnt payback trading, but still ended up the same, an equity SL. Two months, however, in reality 2 consecutive trading times (ignore the day rest in between). I feel. I think it's normal. Some ppl had rely on me, and a few ppl earnt lots of cash in my trading, same ppl are extremely fast to kick me for the reduction, although the system principles were followed, and nothing from system has been done, comprise no payback trading. I want time. for myself. To regroup my thoughts, to trade for myself, and also to concentrate a bit on other things....

Shake that shit off, homes!

Sometimes you are the windshield. . .sometimes the insect!

Change nothing. . .you never got to where you're by changing together with the market, you just got shaken by an exclusion...

We live our own lives by rules. . .not exceptions!

Rock on, brother!!

Going to Cheers Early in another 100%!

Go Man, GO!

Originally Posted by ;

I don't know if I'm in any position to provide you with any suggestions as I am just starting up on my trip to consistency. But after looking in the past few trades that contributed to a DD I discovered that you simply let those positions run up to -70pips and had multiple entries for EURCAD as many as 8 as opposed to the usual -10pips each position I am wondering why you allow EURCAD and GJ ran that far from the red ? Maybe it is a good place to get started. I also have adopted a method where I actually don't use physical SL but a mental one like yours I feel this...

If I'm not mistaken, PF enter based on grids, so as soon as the market is going in a straight line, it is bad for the system, but if it retraces 10-20 pips per swing, then PF can get out of the terrible trades or even get profit. From the EURCAD trades, he could just get one batch from the terrible trades but the remaining trades didnt even retrace at all or his setups didnt trigger because there wasn't any retracement at all. Or RSI/MA didnt cross.

Like I mentioned, it is a trending week. The majority of the scalpers will take a hit because scalpers are aiming for bounces of this market rather than a trending one. That is precisely why it's important to think that the market will only trend 20% (this is when the scalpers lose, and will need to control the losses/take a few days off). Get back the losses the following day/week/month.

Originally Posted by ;

new day, and same result. It wasnt revenge trading, but still ended up the same, an equity SL. 2 months, however, in reality 2 consecutive trading days (ignore the afternoon rest in between). I feel down. I think that it is normal. Some ppl had rely upon me, and some ppl earnt lots of cash in my trading, same ppl are extremely quick to kick me for the loss, even though the machine rules were followed, and nothing from system was done, include no revenge trading. I want time. for myself. To regroup my thoughts, to exchange for myself, and also to concentrate somewhat on other things....

Well that stinks. I am sure the suicide kids will be on the parade shortly.

1. Can you follow your rules?
2. Can you correct trading errors immediately?

If you did both, those are normal losses and to be expected. Just know when your machine is meant to carry losses. If your system took regular losses then you'll be OK.

Originally Posted by ;

quote If I am not mistaken, PF enter based on grids, therefore as soon as the market is moving in a straight line, it is bad for the machine, but when it retraces 10-20 pips each swing, then PF can escape the terrible trades or even get profit. From the EURCAD trades, he could only get 1 batch from the terrible trades but the remaining trades didnt retrace at all or his setups didnt activate since there was no retracement at all. Or RSI/MA didnt cross. Like I mentioned, it is a trending week. Most of the scalpers will take a hit since scalpers are aiming for...

Gotcha!

Originally Posted by ;

new day, exactly the same outcome. It wasnt payback trading, but still ended up the same, an equity SL. Two months, however, in reality 2 consecutive trading times (discount the day break in between). I feel down. I think it is normal. Some ppl had rely upon me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick me to the reduction, even though the system principles were followed, and nothing out of system was done, include no payback trading. I want time. for myself. To regroup my thoughts, to exchange for myself, and also to focus somewhat on anything else....

Don't let it get you down. I went against my better decision a few times.I became impatient after waiting two weeks to this movement and got torn apart; most of us did. My calls were spot-on, my price-points were put on, my timing for them was repeatedly terrible(early by about a few hours every time) and I am even marginally down on equity today. I wasn't revenge trading but I did put my sizing too large to maneuver once I screwed up my rythm. This is the match we play with. There's always a new day.

Originally Posted by ;

quote If I am not mistaken, PF enter according to grids, therefore when the market is going in a straight line, it is bad for the machine, but if it retraces 10-20 pips per swing, then PF can get out of the terrible transactions or perhaps get profit. From the EURCAD transactions, he could only get 1 batch out of the terrible trades but the rest of the transactions didnt even retrace whatsoever or his setups didnt trigger because there was not any retracement at all. Or RSI/MA didnt cross over. Like I said, it's a trending week. The majority of the scalpers will take a hit because scalpers are aiming for...

The market only ranges 20 percent of the time... I don't even think it is sensible to mention it only tendencies 20%. 80% of those profits come from 20 percent of the transactions. Sunday open will tell us where we are going. With that information the scalpers will be able to make back today's losses. But I suspect we already know.