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From HKD$3000 to my dream

  • #41
  • Jan 26, 2017 9:00am Jan 26, 2017 9:00am
Big DD is not bad in this case. 90strader average TP is smaller then average SL so big dd must occurs.

Keep going and make pips

After worst periods think about take few days off or hide explorer. Publicly showing result it`s not good for mind I know sth about it
I`m limiting my Risk & trying maximize my profits.
  • #42
  • Jan 26, 2017 9:38am Jan 26, 2017 9:38am
Quoting guesser
{quote} {quote} It's amazing how people like to see others down. You two are very unpleasant
Thanks.
  • #43
  • Jan 26, 2017 9:50am Jan 26, 2017 9:50am
Keep grinding. Good job on your achievement and hope to be as good as you. Greeting from Singapore.
In the end , we only regret the chances we did not take.
  • #44
  • Jan 26, 2017 9:59am Jan 26, 2017 9:59am
Quoting guesser
{quote} {quote} It's amazing how people like to see others down. You two are very unpleasant
Just stating what I see. His trades are in the red. Why doesn't he get out of a losing trade?
Would like to see him achieve his dream. But reality is his trading is losing money.
You came here for the truth and let me unveil it for you
  • #45
  • Jan 26, 2017 11:33pm Jan 26, 2017 11:33pm
90s looking from your performance I feel that both of us have exact same problem. We cling on to loosing trade. I think it takes courage to just let it go and start again. You seem to be doing better than I am. Probably because of lower level of leverage or less movement in the instrument. I am not sure. But as an outsider, what I can suggest is get out of all of your positions. Take a couple of days off. May be take a couple of days trading demo and come back in the game. You are great trader but those short comings makes your trades miserable. I am exactly same and that is why my advise.

It is painful but take the leap. It is possible that if you dont get out you will recover but make a practice of getting out in time.
  • #46
  • Jan 27, 2017 6:45am Jan 27, 2017 6:45am
Gold is in weird mode. It was supposed to go up during festive season Chinese New Year. I might be wrong
Well, wish all chinese friends here Happy Chinese New Year.
  • #47
  • Jan 27, 2017 6:56am Jan 27, 2017 6:56am
Quoting MoneyBusines
Gold is in weird mode. It was supposed to go up during festive season Chinese New Year. I might be wrong Well, wish all chinese friends here Happy Chinese New Year.
Don't watch Gold alone...Always in relation to USD.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #48
  • Jan 27, 2017 7:18am Jan 27, 2017 7:18am
The real price remains relatively the same. It's the changes in the USD that makes the fluctuations in price
You came here for the truth and let me unveil it for you
  • #49
  • Jan 27, 2017 7:59am Jan 27, 2017 7:59am
Just a tip from a rookie, if you wanna martingale you better have the tolerance for it, or it'll screw you over pretty fast. So far you're doing great only and I'm rooting for you only other advice I can think of is pull out your initial $3000 deposit if you haven't already done so. Good luck I'll be watching.
  • #50
  • Jan 27, 2017 7:01pm Jan 27, 2017 7:01pm
Quoting michisuperfr
{quote} Do you follow the DXY?
Yes, i do follow DXY, i also follow Dow Jones and Nikkei
  • #51
  • Jan 27, 2017 7:08pm Jan 27, 2017 7:08pm
Quoting DAX-Trader
Big DD is not bad in this case. 90strader average TP is smaller then average SL so big dd must occurs. Keep going and make pips After worst periods think about take few days off or hide explorer. Publicly showing result it`s not good for mind I know sth about it

yes haha i totally agree with you on this.
i feel much more pressure after creating this thread, feel like people are sitting next to me when trading
and i was thinking how to trade and how to explain my trades at the same time, which is quite distracting
so i decided not to read all the reply here for last 2 days until now
i think i will get used to it, no worries
  • #52
  • Jan 27, 2017 7:11pm Jan 27, 2017 7:11pm
Quoting RondaRousey
{quote} Just stating what I see. His trades are in the red. Why doesn't he get out of a losing trade? Would like to see him achieve his dream. But reality is his trading is losing money.
Yes, my trades were in red.
But when i am very confident they can turn green afterwards, i tend to not get out.
May sound silly and crazy, but this is the way i trade
  • #53
  • Jan 27, 2017 7:23pm Jan 27, 2017 7:23pm
Quoting MoneyBusines
Gold is in weird mode. It was supposed to go up during festive season Chinese New Year. I might be wrong Well, wish all chinese friends here Happy Chinese New Year.
Quoting michisuperfr
{quote} Don't watch Gold alone...Always in relation to USD.
Yes, i totally agree that never just watch one instrument alone
i agree GOLD is weird especially on Thursday, weak very weak
But from how USDJPY performs on Friday, i must say that stock market is not going well for the next week
  • #54
  • Jan 28, 2017 9:50am Jan 28, 2017 9:50am
Quoting harupit
Hmm... From 70K to 54K. That was a good ride. However, I notice few things; - You kept faith in your trade and you even added to losing position. - After that you lost faith in your trade and started in the reverse direction. - And as tragic as it sounds, the market again reversed on you. - More often than not, once lose one trade, will lose more than 1 trade often many. This is familiar. Very familiar. Collectively, can we come to a solution on this psychology? I have at least developed some discipline and I don't add to losing...
Yes, i always keep faith in my trade.
and my game plan is not prefer reverse direction
the problem on my Wednesday trade is i didn't follow my plan strictly
Attached Image (click to enlarge)
Click to Enlarge Name: Y170125.PNG Size: 53 KB


above are my trade that day.
1. fake breakthrough at 1207.3
it is not a real mistake, but i should have wait for a while to see if the sword line(can i give a special name on those red lines? ) hold to enter that trade

2. wrong entry at 1203
it is a very bad mistake which that place is no where near the sword line (real support)
and as soon as i enter that trade, i realize Dow Jones is going to breakthrough 20,000 (which make things worst)

3. wrong entry at 1200.5 1199.2
my game plan should be: seal the profit from entry at 1196.7
if price going from above 1200 to break 1200
but NOT adding position on that level (as if the price still going up, i still have profit from entry at 1196.7)
adding two wrong entry make my leverage go to very high level

4. reverse trade at 1196.2 1195
at that time i must say i lost my mind already
and if i followed what i should follow, at that time i should have added a long position on that sword line instead
which i can seal the profit at 1200 again later

5. missed entry at 1193
lost my confident at that time after entering that stupid position at 1203
and it is not close enough to sword line at 1192.6 and it bounce quickly
if i can get an entry there, everything should be easier

All in all, few mistakes in a row
1. not entering from sword line
2. didn't take profit at 1200 but added more positions instead
3. reverse trade (this is the most important thing to avoid)


Quoting harupit
90s looking from your performance I feel that both of us have exact same problem. We cling on to loosing trade. I think it takes courage to just let it go and start again. You seem to be doing better than I am. Probably because of lower level of leverage or less movement in the instrument. I am not sure. But as an outsider, what I can suggest is get out of all of your positions. Take a couple of days off. May be take a couple of days trading demo and come back in the game. You are great trader but those short comings makes your trades miserable....
Yes, i know that maybe the problem.
But i should say that i am not cling on to loosing trade every time
If i know the situation is bad enough that i cannot recover, i will SL
maybe my problem is i am just too tolerant on the draw-down?
  • #55
  • Jan 28, 2017 10:05am Jan 28, 2017 10:05am
Quoting gamertrader
Just a tip from a rookie, if you wanna martingale you better have the tolerance for it, or it'll screw you over pretty fast. So far you're doing great only and I'm rooting for you only other advice I can think of is pull out your initial $3000 deposit if you haven't already done so. Good luck I'll be watching.
hmm i am not sure if my plan is really martingale.
i think what i trade is half martingale + half grid trading? (i really dunno)
as martingale is doubling the lot size when losing but i just add a same lot size (unless i am confident enough, i will add more)

no worries, i already took some profit out
and i am planning to open 2nd account , fund $3000 and trade more aggressive there
  • #56
  • Jan 30, 2017 8:25am Jan 30, 2017 8:25am
Was a bit worried last week but great job ! GO GO GO !!!
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #57
  • Jan 30, 2017 10:41am Jan 30, 2017 10:41am
Quoting michisuperfr
Was a bit worried last week but great job ! GO GO GO !!!
no worries, but i have to improve a lot
  • #58
  • Jan 30, 2017 10:42am Jan 30, 2017 10:42am
Quoting 90strader
{quote} {quote} Yes, i totally agree that never just watch one instrument alone i agree GOLD is weird especially on Thursday, weak very weak But from how USDJPY performs on Friday, i must say that stock market is not going well for the next week
i think this is still true, the correction is still yet to be finished
  • #59
  • Jan 30, 2017 4:50pm Jan 30, 2017 4:50pm
Good going 90S.

Good going mate. However, I am worried about your martingale style. One day it may get you in deep shit. I want to see atleast one trader (may be you) succeed up to a point when he declares on FF that "I will no longer be very active on FF because I am retiring"

Good luck dude!
  • #60
  • Jan 30, 2017 5:17pm Jan 30, 2017 5:17pm
I don't think he uses a martingale but adds to losing positions.
You came here for the truth and let me unveil it for you
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