Saturday, December 31, 2011
Market change all the time. No trading technique that can be used forever and produce consistent result. Traders also common human, hard to change. They just stubbornly stick with their method or trading style. They felt like if they work hard enough it will come to fruition. Sadly market don't work that way.
Unlike other business trading the financial market took almost no effort to work. Only click buy and sell is not a work at all imo. So traders think if they work the market analysis they could do better. Well, if market don't change conditions so fast it may right. But the real dact is market change.
Most of people brain is destined to find a secure or comfort zone. Like if you find something that working, just do it over and over again till it is not working anymore. In business it can be done but in trading, it may cost you a fortune before you realized it.
In most of business when you work properly you wouldn't lost so much money. In trading business even if you work on its best you may still losing money. No other business require patience than become a trader in financial market.
So what is the secret of my success? Maybe it is luck, or just coincidence, or other? My answer is persistent at the right path. I also have confidence in my method that it can be done for long term. The logic is because now I never fight against the market. I fight the broker. And choosing your opponent may decide between life and death. Market is a big gigantic entity who move based on transaction,bid ask, everything. They settle and become the market. While broker is like a casion who gambling the price feed of the market. They are not directly participate the market but using the market as a model for their business. They create their own market but with world price market.
It is obvious fighting the smaller enemy will be much easier and so it seem. Most of traders looked like a John Wayne Cowboy fighting the real market with a bunch of ancient tools will never win in the long term. But me, picked the virtual market as my opponent and I study not the price or technical stuff or news, I studied the behaviour of my enemy and looked for a weakness which is never be existed at real market.
It is that time when I become a succesfull news trader and later...maybe an arbitrage trader :)
So my advice is " If you find something that make money even you don't like how it works, just do it. This is a business, not a hobby."
Wish you a better year of 2012 :)
Sunday, December 25, 2011
All big company in the world is keeping their business secret so why the hell you shared your technique to everybody? There is parity law in this world. Supply and Demand worked all the time, especially at financial market. If everybody do the same thing, the same trade then market will become efficient. Don't share your trading secret. Do you thinl Goldman Sach will happily publish their trading technique to public?
Be a professional, keep it secret.
Market can ruin your life and brain. One year trading just for losing money is not what we are here. We just might spending all our money to the charity rather than to the market. You are worse human being than a unemployed people. At least they don't burn the money at the market.
After more than 4 years I watched other traders in my sight, Never once I saw a consistent profitable trader. Not once!!! I kinda doubt there is profitable trader out there who make profit consistently. Accept the fact and quit trading!!! Don't lose anymore money to the market.
If you want to profit at the market, there is no way you trade every day. Day trader is the worst career in the world. Unless you have top notch education, tools, and right mindset, you can kiss a goodbye to your trading career.
2012 is coming and I saw bright futures for my trading career. I changed my style and never looked back. This year I made profit far more than I losed in the last 3 years. And sure as hell I won't tell anyone the secret.
Friday, December 2, 2011
Sunday, November 20, 2011
It doesn't mean that I will do the old trade anymore. It's been more than 6 months for me not trading the market daily. And I've been doing great. But I really had many spare time to learn the original trade and I realized one thing: Patience is Virtue.
There's nothing wrong with my old pattern or whatsoever. The problem is you don't need to trade every day. And since I trade other's people money and I had less attachment with the equity, I've been doing great.
My focus is still on news trader, and for secondary work I'll also watch the US Futures Index like S&P or TF. And I found couple things that important:
1. VIX is great indicator. Low reading VIX means playing limit order. Limit order means buying low sell high, preferably long. High reading VIX means playing breakout or stop order and preferably short.
2. News is important. Not meaning to interpret the news but to blend with other markets player. Not care for news is false. You can anticipate and understand why market not moving or move so erratic so you prepare.
3. No need to trade every day. As day trader, you don't need to trade everyday. Like low VIX reading means there'llbe lot of choppy in market. Not suitable for breakout trading and also prferable no trade at all.
Since now I managed OPM which is grow nicely, I will learn one thing or two for regular trading. Not going back, just hey, learning new things is always have benfit.
Saturday, November 19, 2011
You see, we evolved every time we have barrier. There's countless opportunities that waiting. There're at least 30 brokers that never been struck by news trader. Not mentioned that I still work out to solve the problem at my old broker. Unlike the other trader who fight each other at the wild money market, I picked my own enemy to fight. Instead fighting with other trader which is profesionally trained and skillful, not mentioning their high tech expensive tools to trade, we are just bunch of pigs ready to get slaughtered.
I never and never said that trade the market cannot be done. Lot of people did it and there will awalys consistent winner inside. But take a look at the learning curve:
I trade from 2007 to 2011...4 years looking for suitable method, psychology, technical, and you named it, place lot of hard work on it, thousands of screen time looking at chart till my eyes blurred, rarely get out from my trading room and what did I get? Losses after losses after losses and more losses. I am tired and frustrated, felt like the market toyed me.
I started trade news from May 2011 until now. I worked less, play more, and I made more money and consistent profit. It's only 6 months and I already made money at my first attempt!!!
I rarely look at other's blog anymore but sometimes when I saw it, I feel sad :( They kept fighting and fighting not realizing that there's much much easier way to obtain wealth from trading. Some people annoyingly stubborn and still thinking they still able, after 5 years of trading and still under water!!!
Let me tell you an assumption:
You are a professional boxer. In some ways you have tricks to hide your weight so you can fight against lower class boxer. But you cannot do that at World Championship. You can only do that at locals. You made money if you win the match, and vice versa. And somehow the local championship know ur trick and banned you. But there're dozens of other local who dont know yet. Also after a while you have more tricks to cheat and harder to get busted. You have the odds and if you don't have it, you rest and keep looking for other trick, not forcing yourself to fight fair.
Which one u choose? The World or Local Championship?
Friday, November 11, 2011
6 Months become News Trader, No losses at all in every single month. Flawless Method, Secret Method. And Stress Free.
Wednesday, October 26, 2011
Looked at some of the blogs which I fond half a year ago make me come to this perspective:
Trading is 99% is a failure, especially for daytrading. I am not saying the method won't work. It's just not working everytime. Difficulties for consistencies, never mind that all account was destined to go to die, only a matter of time.
I have been consitently profitable since the first month I trade on May 2011. This month is the worst of all but still can make profit. How on earth I can make consistent profit with the method I learnt only in less than one month while the method I learnt for almost a year give me terrible result? Six months consistent profit!!! And there's nothing related with Technical Analysis.
You may wonder why it can happen? The only valid reason is because I choose to dance with the broker, not the market. Pick your enemy, and pick it wisely. Why so stubborn doing the futile way over and over again like you can conquer the market? Harvard Professor don't just come out with Efficiency Market Theory out of the blue. It's True. As an ex-conventional trader, it is true. But the theory won't apply to me because I am not dancing with the market.
It's not your fault, it's not your mistakes, it's nothing wrong with you. The market just designed to steal your money. Don't fight against it, useless, been there, accept my defeat, and go on to the new revelation: PROFESSIONAL NEWS TRADER
Saturday, October 8, 2011
Thursday, August 18, 2011
I never said this style is safe. It's really dangerous in the hand of reckless and emotional trader. After making 38k in one day, I had to lose around $2.5k. Just ordinary day of a trader. Biggest mistakes I made was today. My autoclick trigger the buy AUD/USD after bad unexpected Philly Fed Data. I blindly looked at forexfactory that the bad number means bad for currency aka. US$....WHAT AM I THINKING !!! First I should stay on EUR/JPY and second, US Bad economic means bad for high yield currency. Oh well... bailed out without thinking...
But the beauty of the method is: You almost completely remove the emotional reaction. I can't do anything except waiting for another momentum chance. Nothing I can do. Unlike the old me who wanted to get back the losing....Nah...won't happening. A good things is my subconscious mind also helped me on track. The expensive broker I used need 5 pips moved to breakeven on major. So my brain kept telling me it's idiot beyond limit to trade-revenge on expensive broker.
Even I am now the dark-side trader, exploiting holes on broker's a$, the discipline should be there even more important now. I AM NOW PROUDLY PRONOUNCED MYSELF :
Thursday, August 11, 2011
Monday, August 8, 2011
But times like this didn't happen every time. From mid 2009 - mid 2011 we had a generally dead market with few sparks on EUR easpecially early 2010. At those 2 years I traded price action. The result was rather annoying. The dull market full with algo trading is not a good way to trade. I am not saying you can't profit from market like this. But as a breakout trader like me, it's a hell of pain. At the time like this, emotion easily distracted and causing to lose money. I hate it. Now, it's day trading heaven again and I am not even inside. No regret, not care.
News trader, whatever the method we chose, always behave the same. Jerk-off movement always the same direction with the data's number. No matter the technical trader said, instant result of data will kill technical trader in the world. Most technical trader will avoid the news time because they know, they cannot beat those news guys, at least at those very short term.
I used to avoid the news, lot of guru said that these guys are lunatic freaky gambler, addicted with increasing adrenaline and heart sports. Even my tutor hate those guys. Every technical trader I knew said avoid the news, don't follow the news, be careful with news, news is just for losers, they called it the jerk-off or junkers.
I'll tell you what: the junkers made $17000 last week with merely $20000 capital. The junkers is me, lol...
And I am proud to become a jerk-off trader.
Oh and those of you who still struggle, don't be a stubborn stone-head traders. Explore new world and find an uncharted place called spike news traders. I always believe to be successful in this profesion, you have to be unique. And stopped fighting the market by yourself. It's futile. Better you tricked and fooled your brokers. Trust me, it's much easier. Much much easier...
The reason why most brokers now protecting themselves and hate this kind of traders because, the traders make money consistently. No brokerage firm in the world forbid something that harmful to the traders. They make new rules and sets to forbid them to lose money. Think of it....think of it...
Thursday, August 4, 2011
How many traders or guru out there complained with the market condition that so efficient and dull with very few room to profit? It's not cool just profiting 2 out of 5 days in a week. Not cool praying there will be volatility in the market. Breakout trader seemed so frustrated that most of them change to become ranging trader. And when they felt it become their new consistent method...BOOM, volatility came back, with a vengeance. Fade trader dies in an instant. How many times you're ping-pong by market? Some says you have to adapt...guess what, it's hard to adapt cause when you're still learning, market condition already changes again.
Patience is virtue in trading. But patience too long is hazardous for your health. Especially from full time trader. Some of them still survives and keep fighting back. I salute with their struggle. But after no more consistency with my profits, come the SPIKE NEWS TRADER.... This is by far, the best trading methods hands down to all.
1. You won't have issue with patience since you only in market for tops few minutes sometimes seconds.
2. You won't have issue with discipline since if you got stopped out, it will happened in milliseconds and there's nothing you can't do about it (News Trader always put Stop Loss)
3. Adapt THIS! No more changing market environment. As economic data will came out like a clockwork and every big bank and institutional will adjust their positions based on the data. In the dull market, Spike News Trader made millions. In volatile market, even better. No weakness, perfect methods.
4. Easy, just follow the experts. Armed yourself with sophisticated traders tools. AutoClick, EA, VPC, etc. Technical analysis is too hard, more like a gambling. Sometimes you win, lose, stopped out at the exact reversal, got lucky, etc. Too many emotional roller-coaster. News trader: wait, filled, done, next schedule. That's it.
5. Few competitions. I think 99% scared of the data news. 80% will got out from their position before data came out. The News trader looked like a gambler from a public. Well, if the perception still there, that is a good sign. And hmmm...actually you're right... News Trading is a gambler....stay away and don't even dare to touch this if you want to go brokee (sarcasm).
My posts here actually harmed me cause the more people go with this method, the faster the brokers closed the door. But this is my way to give back what I have earned. So, good luck with your trading methods whatever it is.
Wednesday, August 3, 2011
While on the other hand, beginner will be trapped by more expensive brokers. These brokers usually hired lot of marketing staffs and focus on personal approach. The commission will be staggering like 3 pips spread plus 5 pips commission per trade. Savvy trader will avoid these kind of broker even without glimpse of eyes.
Unfortunately, cheap broker means they're more efficient than expensive broker. Savvy trader tend to find lot of holes and their brokers will be very soon close it over and over again. They even have bug division monitoring traders that playing dirty at their platform. It means that savvy trader have to play honest, and play honest against the market is imo a super difficult to do.
While the dumb traders stay with expensive broker, they have no ideas to exploit these brokers. If they become smarter, first thing to do is moving to the cheaper broker and compete with other savvy trader inside. So, these brokers is comfort with their status quo and still using technology five years old. Savvy traders won't even look at those expensive crooked brokers.
The Out-Of-The-Box Traders (like me) with little luck find these opportunities and find a gold mine. And some of out of the box traders even go further like looking for other brokers and search new method exploiting the holes. They knew these won't last long and vulnerable with greedy late-comer. So, cat and mouse game begin. The work not just only applied the trading method but also fooled the broker, kicked out the late followers who licked your butt for little hints, some greedy wolves who already in the game, decoying, drop-easing, manipulating, false information and so on.
For the first time in my life that I was able to fight back the greedy giant broker. So for another forex brokers out there, you better pray cause your time now is short. First step is draining the biggest local brokerage in my country lol
Sorry for very infrequent posting. So busy for the last few days and most of them is ineffectively managed.
Quite happy with the result, already got around $8000 for the last three days. Lol
If some of you found a holes on your broker and this is some of my tips to make your cash cow live in a long run.
1. DO NOT TELL ANYBODY YOU CANNOT TRUST.
People tend to become greedy. Once they find your easy money source, they will exploit it without thinking. No Broker's can't survive from man's greedy.
2. DO NOT MAKE RECKLESS WITHDRAWAL
Most broker didn't care if you have 1000% profit in your account in 3 days. BUT...when you make it real aka. withdrawing, then it means business. Cheating means stealing from your broker. No broker in the world let themselves being robbed.
3. CLOAKED YOUR CHEATING TRADES WITH NORMAL TRADES
My advice is having open position for a long term trades. You can hedge it on other broker to make it risk-free positions.
4. HEDGE YOUR WINNING OPEN POSITIONS ONCE IN A WHILE
Besides realizing your profit, you can hedge your positions from another broker. Hopefully the win become losses and your method at least protected. If not, the hedge may also cloaked your true intentions. Hedging from ECN broker is recomended since they don't care about ur winning or losing at all.
5. Always looking for another broker
You never know when you'll be busted so always have a backup plan. Don't get too comfortable and keep improving.
6. Avoid Small Profit Sharing
If you find holes, 100% per month is not an amazing achievement. So why you offered your hard-worked finding with lazy investor. Remember that broker can't afford it in the long run if you steal them too much in a short time. US$ 100.000 drained from the broker before they aware is already good. You don't want to get only 20% from the $100.000 pie right? Enjoy it by yourself, slowly and cleverly.
7. Maintain the In-Out Money
The most important for brokers is they received more money than to give it out. Keep your account on balance. Do not make the withdrawal bigger than initial deposits. Remember, once they knew you are cheating, they'll easily close the door forever. Have multiple accounts with different name, hedge it each other. Hold it, and withdraw normally.
Don't Ever get too euphoria with your finding. Keep cool, simple and secretly build your wealth. Greedy only served temporary. Hopes this article helps and happy trading :)
Thursday, July 28, 2011
My percentage profit even can exceed the best fund manager in the world. I am not kidding. I am cheating. Easily reaped 200 percent in two months and still counting. Have $100.000 money in a queue to exploit this hole. Very few people know this tricks. Even they knew it, most of them didin't believe how crazy this stuff.
I joined forex news forum and they're willing to kill for knowing only one of the broker. I knew five and still counting. All of them were regulated and their own building. Shits happened sometimes but in the long run, news trader at the right broker can make zillions of money easily. For them 50 percents per month is mediocre result. I have experienced it too, and I never had less than 50 percents trading this method.
Making money's never been this easy :)
Tuesday, July 26, 2011
I was playing safe like almost all trader guru in the world taught and thinking that continuous learning, patience, and discipline will prevail and lost a lot of money, little by little.
I hate all overpriced bucket shop brokers, looking for the cheapest, secure, famous one to trade, and again lost a lot of money.
I thought that overtime I would someday beat the market with my own hand and after three years, lost a lot of money.
I was firmly believe that honesty, integrity, and fairness in trading soon will pay and lost a lot of money.
I used to be full of doubt every day when start trading, playing give and take all day long and realized give much more than take.
I used to be frustrated when market was so quiet, or when so volatile. Sometimes angry when missing the boat that only Gods when and where to go and lost a lot of money.
I used to blame the market not giving clear direction and when it does, most of time I was not there.
I was so tired being chopped heavily by tiny cutloss and when it finally moved, I was not there.
I used to get stopped out by fast retracement and missing the great move.
I used to fight myself over and over again and lost a lot of money.
I used to have long research and ended with random trades and lost money.
I used to stay on market for only stopped out at the worst price over and over again.
...NOW IT'S OVER...
I am looking for broker's weakness hole, exploiting it, and make a lot of money
I keep searching new broker to exploit, do it, and make a lot of money
I used big lots sometimes full margin to trade and make a lot of money
I exepriment with broker's lagging data, spike price, holes on feature and make a lot of money
I only stay on market in very short time and make a lot of money
No more Trading Methods discovery, Back testing manually, and other tiring activity.
Now my activity is:
- Meeting Broker's Representative to talk about trading rules and feature
- Testing a lot of broker that can be cheated
- Meeting prospecting investor
- Sharing commission and other dealing
- Looking for cheating tools on internet
- Chatting with other's tech trader
- Finding crackholes after broker's keep fixing their problem
RESULT : $45000 in three months!!!
So what the hell am I doing for three years? This method is actually the best method I've ever seen, easy to use, and also, the most secret things is to hide the cash cow broker from public.
If you keep fighting with your own power against the market, forget it. I give one tips : It's easier to fight your broker than the entire world.
Monday, July 25, 2011
Thursday, July 21, 2011
Like all other methods, News Trading is not suitable for everybody, but it suits me perfectly and it's like finding my true love in Trading.
Here's some reasons I found out why I love news trading:
1. Specific time to trade
Don't get me wrong. I love watching screen all the time. But more times, I was also distracted by the screen. I think lot of traders experienced this. It's like to hold the temptation, boredom, for hours. After a long wait, the result sometimes is not good. It frustrates me and looking the chart like it's laughing at me. The temptation is very big.
Well, how bout news trader?
You don't have those temptation. Sometimes even if I lose the trade, then that's it. Nothing you can do anymore than waiting for next event. It actually more healthy that I just trade only when it's time to trade. With technical analysis, you'll never know what time you want to trade and it frustrating.
Even when you failed on news, you can't do anything at all. And trust me, overtime the effect will dissappear and you can trade with clear head again. You don't do it voluntarily or by your intention. You HAVE TO DO IT!!!
2. Using various tools
I am not so fond of Trading with Robot, but I love trading using various tools. A high tech trader armed with unconventional and unique tools. Make me different from others. Love it.
3. Still lot of potential
News trader have been lurking a long time, but not in my country. I already find two guaranteed fills broker and lots of local broker waiting to exploit. Since there's not much news trader in my country (even I can't even find local forum about it). And here's the interesting story. Most savvy and high tech trader don't even touch the local brokerage. They hate it like a plague. Why? The wide spread and big commission at the first look. Like my old local brokerage, one round turn per lot took 3 wide spreads on normal market and $20 commission add. And it's one of the cheapest product!!!
And I had the best performance in this broker with all those expensive cost. For me now, 50% profit per month is not good enough! First month = more than 100%! Second Month = 70%!Third Month = already 50%!
3. Exciting and Being Different
You know what's the feeling making 50% profit in less than one minute? I mean how do you feel if your account raised from $10000 to $15000 in matter of seconds? I felt it and damn it's like an adrenaline boost combine with steroids. Love it! Every seconds worth and all of a sudden, everything you prepared is done. And to make a boast like making $12000 in 5 seconds is like become a God between your friend.
4. Morality Satisfaction
The company already change 2 rules in just 2 months for the last 5 years. I admit I was happy stealing some money from crooked broker. It's like able to beat a greedy evil giant slapped it with my little hand. Total satisfaction.
Since the method is no more than exploit broker's weak holes, there's no way I shared the secret whatsoever. I mean if everybody knew this, they'll flood the broker and stop my cash cow. There's no company in this world could stand man's greedy. I will milk it little by little, make it in disguised and continuously looking more opportunities.
If you play fair, it means you fight the whole world against you. Now, I just fight one single local broker. Which one is easier :)
Sunday, July 17, 2011
Tuesday, July 12, 2011
Friday, July 8, 2011
Wednesday, July 6, 2011
For the past one month I have been busy researching for news trading and other projects. And the result is phenomenal. With iron-clad disciplined and extensive research for suitable broker, I have been found one conclusion:
NEWS TRADING IS THE EASIEST AND MOST PROFITABLE TRADING I have ever seen for 3 years of my trading career.
Of course it doesn't mean that you will make 100% profit everytime. I have that one method but more on that later. But with unbinded discipline, you can profit from news event.
For the past one month, the trading news method already profit over 80% from the account I managed. Lat month I made 100% in 2 weeks!!. From max profit up to $5000 per trade to max drawdown to -$3000. The drawdwon actually caused more from technical failure. 6 out of 10 I made profit. 4 of them with 3 not trade and 1 losses.
Here's the proof of the latest method I developed:
DELETED!!! TOO PRECIOUS TO BE SHARED
And it's still far from perfect. I already developed new calculation and it sure more profitable than this.
That's why Forex Broker Hate News Trader...lol
The rules already change 2 times after I made all of the profit. None of them seemed effective enough to prevent me keep profiting.lol
I also developed risk free forex trading method that the only risk is the bankruptcy of broker and...that's it. Target profit 70%-100% per year.
None of the involved Technical Analysis.
I am not saying TA is bad, but for me it's very difficult to master. You have to learn dynamic market condition, long hour screening time, withstand the drawdown period, and so on. I experienced with Crude Oil, it's like mission impossible to make profit. Price like random shit and after 10 to 12 stop out when you lose your patience, price moved...Never know when and how far. Maybe lot of people have consistent profit so far but for me it's like wasting time.
News is different. It had exact schedule, historical jump price, and it definitely move the market. The wrong conception of trading news is people tend to predict the direction of news. You don't have to predict to make money.
If anyone asked which broker let it happened, forget it. This is my gold mine and I won't let anyone touch it. I just want to tell you that NEWS is the best way to make money in Forex...at the right broker of course :)
Friday, June 10, 2011
Just want to know your opinion. Summary: Price never reached my price on log price or on chart. And they refused the refund!
As I know every order fill must record on chart. That's the function of chart right? My price never exist on chart or history log price. They just send me the $hitty excel log which is very doubtful and editable.
Every tick worthed. For traders sometimes it between the life and death. I don't mind if my price filled on exact lowest tick. But it just never exist. I used their chart and never saw my price.
What do u guys think? FYI, I already sucked money from this shitty broker around $25000 in one month because of their broken platform! But it doesn't mean they can cheat the customer right?
And you know where the broker/bucket shop/market maker came from???
Next month, I'm gonna try to exploit their lagging price data since the hole will be shutting down. Now I realized the Fastest way to make money in this shitty job is to cheat the sneaky bastards broker!!! Like cheating on broken slot machine at Casino,, Fuck You, Bucket Shop!!!
Friday, June 3, 2011
Since I had my full time job, my Crude Oil trade didn't improve at all. Sometimes it's just untradable beyond my worst scenario.
However, my new project had a modest success. The account up almost 50% in three days. I made $4900 total. 4 trades, 1 breakeven, 3 wins. I can't show the result since the statement is very bad. Too bad it's not my own account.
And the comission I made kept improving :)
Have you ever felt how easy to make money? I had this feeling now. The easiest money I have ever made in my life.
Monday, May 30, 2011
Now I am working double job. At the morning I was a marketing of super-wide-spread-and-expensive-commission. Night I trade Crude Oil as I used to do. My performance still bad as usual, but not too worrying. I don't really care about my morning's job. I just can't stand eat other's people money from the exepnsive commission. I just have my own project on that, wating right moment to strike.
Meanwhile my CL trade is just sucks. This beast is heavily contaminated by algo trading that infect ES once. There's still chance making money, but getting harder and harder.
The interesting part is, I had better life working at the morning. I don't care about my monthly salary. I thought I was a loner but in fact I still need social interactions. No matter how hermit I am, I still need talking to other people. It's good for my mental health.
Day trading alone without interaction and no direct social contact is not suitable for me at all. In fact I still need other people to talk to. Enough said...
Saturday, May 14, 2011
I never good on trading, never will. But I know what I am good at. Manipulating broken broker like this, exploiting the hole of the system, finding new ways a new crack on trading platform. There's lot in my country stupid broker like this. How I never realized it? 100% profit less than 2 weeks? All in six trades only? 70% winning ratio with risk reward more than 5:1? Sometimes 11:1 depending on news.
Now it means serious business. I went all out. I become their full-time broker, I will eat fat commission, acumulating new funds, paid people to execute the trade, everything. I will do everything to make fast money with low risk, lower cause I eat ridicilous commission as broker. But since everyone is profit, nobody's complain. Except my broker of course. Now it's my time, even the hole was closed now, I have Plan B to Z to exploit it over and over again. It's my time.
So long my friend, if you never heard of me again, then probably I have been killed by the broker company lol...
Wednesday, April 6, 2011
Attempt for discipline, frustrated after dozens stop loss, big mistakes loosening SL and good bye. My strategy today was waiting for pullback and entry.
After inventory report, price were messy. First my green bar told me to go long. Price pullback to median and EMA20 price of the day. Fight very tiring on those area. Price very choppy. Then it went down, so downside confirm. Again, I waited for the price to rally to median and shorted. And again, price broke thorough it again. I am so confuse. The pullback worked was after inventory report, and there's too fast to entry.
The only thing I discovered is my Micro Green Bar worked well. But since there's Major Green Bar, I planned to trade breakout, not fading (Micro Green Bar is fading strategy).
Major Green Bar were a messed. Price faked multiple times around it. So the bright side with today's trade is, I will focus on what's work now: Fading Micro Green Bar. Oh God, I have headache again.
Tuesday, April 5, 2011
It's not like I was hurt or painful or something like that. I did my job trading, followed my system. Unfortunately I forgot to stop trading and got overtrade. I will find the Zen State again like I did few weeks ago.
No more psots for a while until I can improve myself. My trade and my annoying social destructing skill.
I will close this blog. Open a new page of new personal. Posting like a pro-trader though I am not there yet. The objective of me blogging is to reach every trader in the world so we can learn from each other. But all I did was the opposite. I write childish post most of the time.
There's nothing wrong with the system I used (maybe you already heard it from other miserable traders thousands of time). God has mercy, I was reminded with big losses on Friday due to my own bad trades. I was not trading last week. I was GAMBLING!
I am sorry not to keep discipline. I am sorry if my post affect your trading.
So, not to confuse more things, I will not explain the system I used especially if there's third party things. It's not good to interpret things without the owner's endorsement. I only discussed my own dioscovery system I found. Hope this post help and best of great trading for all of you :)
Monday, April 4, 2011
I saw 5min charts, daily charts, ticks charts, and volume charts. I looked at
Green Bar Momentum = green bar mean big volume, high chance of big swing. Tend to hold the trade and entering on pullback aka. directional trade. No Green Bar means to fade with smaller Profit Target.
Micro Green Bar = green bar on smaller chart. Showed good place to fade the movement. Good if no bigger green bar.
Support Resistance = Pivot, Prev Hi/Lo, Opening, 5min expansion range. Also a navigator to fade, breakout and profit target. Quite hard on chop sideways market, but powerful tools in big swing trade. Use it based on condition.
5 min EMA20 = Magnet on slow market. Tend to chop in this area. Used for pre-caution.
Dynamic Stop Loss = Rising/Lowering the Stop Profit based on what price did. Make it tighter if micro green bar forming on top/bottom.
No green bar: tend to fade new high/low based on Micro Green Bar and sometimes *censored* pattern and key reversal. Also looking for Support Resistance. Profit Target usually based on fixed around 50 ticks or new high. Depend on how market did.
Green Bar:Green Bar can mean two things, big reversal or continuation. Carefully watch for price action moment after green bar. Every element very important in this phase cause big movement likely to come.
Usually I trade lightly when there's no green bar. I target 50-60 ticks, sometimes 30 ticks. If I get that, I will wait till there's green bar and I will resume trading. If not I will increase my screen time.
Then I have to workout with my discipline and patience. I made checklist form to evaluate realtime how I trade. More X means I trade recklessly. Also added my view to eye the price.
I also will made improvement for the journal. So far so good.
Saturday, April 2, 2011
1. Green Bar strategy...
As usual, a bias following the green bar. This week there's four out of five days having green bar.
- How many I follow exactly from the bias? Only two.
- How many I used CM pattern from the bias? none
- When was the biggest profit I made from? The day without the green bar.
How ironic :)
I backtested the green bar day, there's one day with poor result. Others were fine. I wanted to tweak the green bar strategy again but sometimes it should be a bad day. I jsut may let that one day gone.
2. No green bar strategy...
I checked the green bar. Most of the time, when there's no news and no green bar until 09.30 EST, there'll be no green bar at all. But when there's green bar after those time, I'll follow the GB Strategy.
The strategy consists of fading the breakout. The catalyst is micro volume moementum, and simple S/R. I backtested the last few days and having decent result. The problem is I can't measure the PT. I think I will use my dynamic stop losses and discretion profit taking. The main focus is making money, not scoring home run.
Hope you like this post :)
Enough for promising everything. No comments on my blog only means that nobody interested in my writing. I will make this whole new journal tomorrow. Better layout, professional script ( I hoped I can do it), no more ranting and chewing what I feel.
I am sorry if I coincidentally made insult. Sorry for everything.
Friday, April 1, 2011
Where should I start, everything went crazy. I became lazy. This is my reset button. I need to lose. At least that's what I thought. Now, after this losing day (unfortunately it's too big), I will get on my feet again hopefully.
Actually this week I never had no opportunities. Like today. The only mistakes I made was I trade recklessly. I was really in bad state. Two times I got out becaus of lucky. This time, I just run out of luck. But actually it's luck since I'm not blow out my account. In fact I still had few $$$ to enjoy.
I need my anchor again. My weakness is, I can't consistently trading with strong discipline. I was complacent, plus some luck, I could getaway from it. So what should I do. Writing is not getting me better. I must repair myself. To trade with ironclad discipline and perfection. I will do my best on Monday.
I was addicted with my $1000 profit on Monday. I was trying to repeat wahat I did on Monday. So, I caught a falling knife recklessly. Things got worse when price was faster than my SL intact. Okay, I did it today, no more luck.
I also was jaded by consequtive days of no green bar. I fade every day like that with good success. But when green bar coming, I was not ready. I was addicted by crazy entry. Back to time when I lost almost 50% of my account in one day.
How to fix:
Like dwayne said form Trin Cafe, I will make a checklist on every trade I made. It had points to show how did I trade. I will print the list on paper and I'll fill it every single day.
The Good Side:
My screen time inncrease tremendously. I can see some new pattern from CL, most from S/R especially on slow session. I also saw that green bar had a lacking confirmation. But if I followed it today religiously, I would book profit.
I must work myself again. Thank God for this losses, this is a stepping stone to get better. I need tools to monitor myself when in the market. I need punishment for not following the rules. I need it better than ever.
Strange thing but I have better spirit after this loss. I was sad of losing money (who doesn't) But if this is necessary to become a better trade, I was willing to pay. Obviously I need a physical stuffs to control myself. I can just writing this and that and again easily violate it without punsihment. I can't wait to work on weekend with how to controlled myself. Happy April Fools Day :)
PS: Result not yet reduced by commission.
Thursday, March 31, 2011
CL started strong above prev day high. Green bar appeared meant strong momentum. No choice, long only.
Long every pullback, until proven otherwise.
I had my Dr Hyde short at 106.34 that moved to 106.77 less than 1 minute! I couldn't realize why the hell I was doing that. Managed to get out with -$84 (I deserved more than that), I planned to long everything. Everything means every breakout at 100 ticks candle. It wasn't good.
Hunting the bottom, not good. I would finish trading with -$500 losses before lunch time.
However, since I hunted the bottom, I was not stopped out too fast. The only mistakes I made was try to catch a falling knife.
As usual, please comment
I made desperate trading, I even thought this would be my last day of trading. Apparently, I still had chance to move on. Work work work harder!
Wednesday, March 30, 2011
I was recklessly averaging down...
I trade against my own system...
I trade purely recklessly discretion all day...
Those four sins enough to blow my account in less than one month! I planned to trade after inventory report. Suddenly, Mr. Hyde came into my body and I long before the inventory report. Stopped out twice, the second slipped 3 ticks few seconds before inventory report. After news, price came down and I was long along the way (what am I thinking?) Stopped out again. Then I long again and NO STOP LOSS! I was too late entering the SL. Long @73, price went down to @44. I got out with small losses @00. Then I wanted to short every breakout candle all the way. The green bar showed below 104.20 signal was short. I even short above the green bar..sigh!! Talkin about dangerous bias. I was down -$189, before I was short @34, Price moved up through 115!! Again, no stop losses!
Then the worst part happened, I averaging down at 110! This was even worse action than my previous trading! And this is lucky shot, I short near the PEAK! I waited and got out @80 for total -$277. My last contract hanging around for hours, until it broke down and I lowered my dynamic Stop Loss. Stopped out (There's no way to protect my position near volatility closing pit time). Today, I was trading dangerously, recklessly, the demon lurking again inside me. It's now become more dangerous than ever. Following the system purely will result decent profit $400 to $500. I just get lucky today got out breakeven from -$979 :(
Tomorrow, last day of the month. Definitely I will trade defensively. This experience should take me back to my positive zone.
Tuesday, March 29, 2011
I realized that I am again coming back to my old bad habit again. Reviewing the past at least refreshing my mind how futile I was those past days. How easy I forgot those bad days because of just two weeks awesome profit.
I don't know what should I do tomorrow. Almost no signal on Crude Oil. Nothing... Last two days rely heavily on luck, big big luck. Crude Oil will move. Yes it will. So I must prepare myself for the day. No more reckless trading!!!
I found strategy for this slow, low volume days like recent days. Fading at key points. Monday: No trade, Tuesday : max $500 profit. Less than actual, but it's discipline and measurable.
Tomorrow is inventory report. I couldn't expect less than nice directional move from Crude Oil.
Weak bias on the start, already broke 103.30 (my demand zone).
Short until bullish confirmation appear
Another discretion with rough start. Down -$347 at max. My short stopped out with 2 ticks slippage, twice! I disciplined with my Stop Losses and extended Stop Losses were nice
I used another ladder stop losses. This things better than trailing stop IMO. Looked at the chart. I was stopped out at my short. After news came, price up and down and up. I was prepared to go long since my 103.30 already pierced up again. I placed my Stopped limit at 103.64, price rocketed thorugh my order. Planned to entered at the pullback, nothing. I decided to long every pullback. First pullback stopped out with another 2 ticks slippage. I re-entry at better price, it went up. Price chopped up there. I kept re-adjusting my SL based on chart, it worked! CM Road Map #1 was at 104.33, price moved to $103,29 then fell quite deep. Thanks to my SL, I was saved. Price stalled at CM Road Map #1. I wanted to extend the price around +10ticks more. At first I wanted to move the PT at CM Road Map #2, but I already got out. Last SL was at breakeven of the day. I decided to pick the extension not CM Road Map #2 since there's no surge volume AGAIN. Five consequtive low volume.
The first entries was bad. Too many discretion. I was helped by my SL discipline. I was confused with the market. First start, it definitely a downtrend, then suddenly price soared up. I was short and short. It happened to be a pullback. Clear Long signal from CM Pattern at 103.63 skipped to 103.68...If I was filled there, I'd took overall at least $400. I should grateful cause it's another bonus trade. No volume again and again. I'll stop trading for the day unless there's volume coming.
CM Road Map can be a nice S/R at the weak volume like today. Today, CM Road Map #2 at 104.74 might become high of the day or at least there's pullback 40 ticks.
Monday, March 28, 2011
Another stellar result from CL. My order wasn't filled again. I couldn't afford missing the train, especially after hit sl multiple times. I set the order setting and my order from the bottom got fill. I didn't know why I trade at that level. I just saw the nice faked lower low followed with key reversal pattern. Lucky I was filled at the whole-buy entry. If I got the retail price, the chop was quite severe. I just hang on on my trade, adjust my Stop Loss higher and higher. The trick came from Pending Home Sales 10.00 EST. Price spiked up then retraced more than 50 cents. I almost stopped out (actually twice). Preparation : CL gapped down below last three days's low, weak. Light volume on down move.
As usual fading the low if there's no big volume showed downtrend. Waited for faked lower breakout.
Not very discipline, I entered at whole-sale entry. Not much confirmation yet. However, my trade followed by key reversal the chopped and whipsawed. Exit of target price, no volume momentum there. The Cm Road Map too far up there at $106.20. If there's green bar, I will wait to breach those level. None so I got out. Planned to trade again if there's green bar. If not, end of day.
Hard Work :
I protected my order. The retail signal had massive chopped aka faked breakout. If I long the retail price, I will stopped out 2-3 times before price went up. There's no way I can make big profit from retail price. Price moved erraticaly touched the initial entry multiple times. The peak when price surged to 41 (near pit session opening) and dropped more than 50 cents in an instant, followed by one tick faked breakout at the low. Surely will stopped out there. Kept protecting my order from spiked stopped out, twice having the almost stopped out experience.
Feel free to comment :)
Should wait till end of day
Sunday, March 27, 2011
As I mentioned over and over again, there's only one day of green bar that worth to trade. No surging fast volume in 4 days of the week really make me think something. I must admit, if I only allowed my rules in play, I only made $500 - $1000 at max in one week of trading. It's all from one day trading.
Now, it's frustrated if next week will happen like this again. But also, I cannot push my luck too far. I need your opinion about what I should do. My finding through the light trading week is this:
1. Without the big volume, my hypotesis the Crude Oil will move sideways. It happened this week, but I am not quite sure about this.
2. I had Profit Measurement from CM RoadMap. I saw twice this week, without the green bar it acted as a S/R. I can't backtesting it due to lack of data and skills.
3. The CM RoadMap breached 87% in the same time. If not, another 87% breached the next day. This fact alone is very useful to develop an edge. But I can't measure which way to go if there's no green bar.
4. Choppy filter from Eds Renko helped me a couple times this week.
5. Heavy consolidation (double inide bar, inside-outside-inside as always, worth the $$$)
I really have no clue what I will do next week. I can't just rely on my luck heavily. So I'll do this next week:
1. If there's again no greenbar, I will play the Sideways, though I don't like it, but as trader I must accept all kind of enviornment and become consistent. Of course I still use the CM Pattern as my signal. There're two kinds of Range Play:
A. Heavy consolidation like No.5
B. CM RoadMap Breached without greenbar
C. Daily Chart, based on consolidation and reversal play
2. Avoid Choppy like last hours of Friday. Heavily chopped and it identified on the radat with six same bar renko! I will add different range renko bar to optimize the filter.
3. Money Management still intact, five losses aka $500 maximum losses in a day. CL almost everyday give at worst one or two swing. The problem is, sometimes I already reach the max losses before it move. So I will reduce my number of trades with the rules above.
4. I read ONE GOOD TRADE from Bella and I will implmeneted his principle from start this Monday. It consists:
Preparation, Hard Work, Discipline, Communication, Evaluation.
That's it for Week's play. I expect your opinion from the plan and wish of luck to all of you. IF you need help bout trading, contact me. Though I am not a profitable yet, I'll do my best to help you. :)
Friday, March 25, 2011
I just saw the unrealized losses became bigger and bigger! The peak was -$870!!!
If I was filled on everything, I would stopped out -10 ticks, then the short @ 28 would give me at least 60 ticks. Total would be $500!!!
I planned to bet all my weekly profit today and ate the bullet. My maximum Stop Loss would be -$1800 or whatever the price at closing hour. I knew it wasn't right. But I didn't see a big volume out there and from my backtesting, no volume had high chance of reversal. And it did. So I just waited the price pierced through my price, and got out +21 ticks. This is God's Gift, so I thankful for His Mercy.
I will trade again if there's significant volume. If not, I'll close the week with $2150 before commission. Not a bad week at all :)
Thursday, March 24, 2011
So again, I sabotaged myself. Start with straight profit in the book, I then short every new high happened, with very small SL. It ate me alive though I had right direction. Last entry stopped me out at the exact tick before fell more than 30ticks.
I should not trade. Obviously there's no volume momentum. The only day it had volume momentum is Tuesday. Other days, even inventory day, none.
The emotional baggage coming inside me. I started to sabotage myself again. Until I realized I was down -$154 from the peak, I stopped trading. I won't trade again until there's volume momentum coming. If I violated my plan, I'll stop trading forever.
Wednesday, March 23, 2011
My PC made strange noise, like a knocking door sound. Fortunately it happened outside my trading time. I checked, unplugged some of my hardware to find out where's wrong. I am afraid my Motherboard busted, but there's hope since it still can boot, though it then restart with the strange noise. If my motherboard damaged, it's quite troublesome. My PC bought at 2008 with Core 2 Duo. Now everything seemed using i-Core. You know how it felt to buy an outdated product while the newer product have the same price? Though if I bought new product, then I had to replace my RAM and processor also.
Thank God, it's 'only' the Primary Hardisk. When I unplugged it, the sound dissapeared and the computer didn't restart. This is the second time this year my hardisk damaged (different computer) so I had enough with those technology. I decided to buy SSD :) No spinning stuff, much stronger than those ancient hdd. I looked at the price and, more than 10 times the HDD (same size). I can afford it, but I don't want having expensive stuff with no use. So I bought the 60GB. 32GB, the cheapest is too small. The price is even more expensive than 2TB HDD. But I will use it maybe until judgement day come. If I bought the HDD again, I'm sure it won't stand too long.
The problem not finish. I installed the empty SSD and...my Win7 DVD won't read. I had to find a new copy...sigh. The new copy had the SP1 in it. I didn't realized it, until I install NinjaTrader 6.5 and... IT DIDN'T RUN AT Win7 SP1...WTF!!! Trading time already came.
So I am not using Ninja Trader At All. I used thinkorswim which was lagging horribly. Without volume moemntum, whipsaw filter, 100 ticks, I just intended to long after inventory report. First entry stopped out at the very exact tick, and rarely I had positive slippage. Second entry I had good price at 58 and it never looked back at all. The CM Pattern showed at 106.02, I put my PT at 106.08...little greedy. Price then without many burden went up and touch the 106.03... I decided to get out at 94 since CM Pattern touched and there's no continuation. Gladly it is a very good decision.
I almost short at 85 since there's very nice key reversal there, but I doubt since I was trading without Ninja Trader. A very nice $700 profit there if I entered. No regret. I got out at PT and no more trading without my chart. Today I may not trade and IMO it's a good reason. But I can't stand aside since inventory day usually offered big reward. After touched the PT and reversed, I had no guidance where's my next PT. It's wise to stop until my Ninja Trader fixed.
I will re-installed the win7 without the Sp1. I can't convert the indicator to Ninja 7.0, End of trade today.
Tuesday, March 22, 2011
The only trade I disciplined today is : Stop Losses and Profit Target.
Entry, guess the direction and followed it. I was in danger mode, two times undisciplined in a row. But If I just picked the direction and followed it, the result was very good.
Doin micro scalp here and there. Doin scalpin while we already in fat-green was very light-hearted. I planned to leaved at least $500 at the table. I was very lucky having additional $160 for the day
Monday, March 21, 2011
Another no volume day in my chart, so why the hell am I trading? The demon inside me is lurking again. I decided to take only long signal after missing first short. The damage won't be big.
I slipped from CL, so horrible. Total for 3 trades, I slipped 4 ticks. My first short unfilled, went around 85 ticks. Then I saw a nice doji and I wanna long. Stopped out twice, filled nicely at 102.77...I wanted to wait till this bugger moved to CM Road Map, or at least 100 cents moved. It moved 72 cents, and then in a erratic move, stopped me out with 3 ticks slippage! Went for another three ticks, it moved up to the top faster than it went down.
All of my losses today came from slippage. I felt quite miserable today. Controlling my emotion is the hardest things to do in trading. But I must admit it is impossible to make home run today. The pullback is like a mini trend. Very deep. Quit for the day unless there's big volume momentum coming which is highly unlikely will happened!
Update: Made small profit before closing. The pullback is impossible. I decided to close my trade cause the pit session closed. Really undisciplined.
Saturday, March 19, 2011
Maybe most of you already know how pressure can affect the performance of the trader. Pressure is something you should avoid at all cost. Pressure create expectation.
When I was overconfidence several months ago, I thought the market as my own ATM machine. I kept thinking that it's easy making money. If I wanted, I just kept trading with my system and money will flow. I felt like a great trader, a big guy with awesome talent. I felt like a super trader, until subconsciously it crushed me to pieces.
The basic things first you should embrace is, cut losses small or early. If you can't accept this truth, you will fail guaranteed. This is the core of every traders out there. Cut losses early.
You must made your brain and yourself comfort with the cut losses early. I realized after the last one year, I thought I accept the cut losses early in me. I AM NOT!!! Why?
1. Often impulsively get back in trade after stopped out.
2. Adding the size of my trade after consequtive stopped out.
3. Against the trend with small stop losses.
All those things happened because I WANT TO GET BACK THE LOSSES!!! The real thing is I can't accept the losses. I don't want to get red on that day. I want as soon as possible make it green again. Sometimes I trade undisciplined, the worst. But even with disciplined trade, it won't solve the problem. It happened when I losed more than $1400 in less than 1 hour. Chopped out like crazy at Crude Oil. I trade disciplined, yes I followed all the signal there. The problem is: There's always time when we have to accept the losses, stop and go on to the next day. Always. There's also time when you stop, the market will move your way. Always happen and will happen.
So, before entering a trade, let's make questions for yourself that day. Simply yes or no answer:
1. Are you willing to stop trading after losing _________ (fill your max daily losses) today, no matter what happened to the market after you stop trading?
2. Are you okay if your trading plan today make you lost money?
3. Are you ready to let your unrealized profit gone because you follow your trading plan?
4. Are you okay being stopped out and the market moved without you in it because you missed/slipped the entry?
5. Are you accepting the truth that maybe your execution error will bring you losses of the day?
6. Are you okay even in the good market condition, you still can have a losing day?
7. Are you okay waiting all day and not doing trade at all because of the plan?
8. Are you okay if after you make profit the market still move further without you?
9. Are you okay if market stopped you out at the exact tick?
10. If all those 9 questions happened today, are you still can trade the next day at your best interest in mind?
If you answered 'yes' for all those questions, you still not guaranteed to succeed. You still need a good edge.
Friday, March 18, 2011
Since there's no signal from CL (actually there's big volume selling but it's outside pit session). If I just short, there's decent profit opportunity. My CL trade there actually not undisciplined entering and exiting. It's my new system for slow market like today. Still in beta testing. But I am willing to accept the risk to lose money.
TF, I just using my old conventional pattern plus a little volume momentum. Exit just by random guessing.
Planned to trade ZS but I decided not to. Lack of confidence.
Overall today's trade just bonus trade. I still waiting the volume momentum from CL in case it's blow out. But since volume already half-half with May Contract, highly unlikely it will happen. Or at best it happened near the closing pit which I won't bother to trade.
I have some homework to do, enhancing my Profit Target of Crude Oil. It seemed that the CM Road Map often touched at the next day. Yes I applied some of coiledmarket.com stuffs.
So if there's no big volume momentum at Crude Oil, I'll close the week. Next week, same strategy, and maybe I had new system for other symbol.
Have trouble uploading the picture. Overall of the week: sweet $2249
Thursday, March 17, 2011
I got out one of the biggest emotional burden I've ever had for the last three years. One thing that kept me anxious in trading. Thing that froce me to profit every day rather than maximize profit. Thing that always keep me to take profit early and overtrade.
Once I have no more obligation and it changed 180 degrees. Now I can relax more in trading. I can afford losing $500 in one day and stop trading. No overtrade. No guilty feeling when my $300 unrealized profit being stopped out. More patient to wait the trade moved further. No impulse to trade every day ( No trade Oil for two days in a row ).
I don't say it will last forever. But I just show how strong the emotional burden can affect our trading. Can't deny it.
Since I trade so little these last days.
Another undisciplined trade from me..yaay. Should be no trade-day again. And I think that, if I picked long or short, then I might lower my risk. So I long, probably until there's volume momentum told me to short. Since it's free-trade, I just happy even it got back on par. The plan is, if this trade stopped out for small profit, I will wait until there's volume momentum. Till I closed, there's none. More than two hours painful waiting. Actually I wanted to wait until it reached 100cents as usual. But I can't stand the slowliness of the market anymore. Got out, no regret, free trade, I need a drink.
Wednesday, March 16, 2011
Tuesday, March 15, 2011
Monday, March 14, 2011
I'm gonna recap of what I learnt from trading after all these 4 years.
I started like 99% of other traders out there when begin this work. Cut profit early, let the losses run, averaging down, no stop losses. I did this almost 3 years of my trading. I went to workshop with no good results. IMO, it's because there's very little aspect touching the psychology of trading if not nothing at all.
Then until I invest on good education and gradually improved my trading result. Now, I'm willing to cut loss early, very rarely let the losers run, and started to letting the profit run further. Things were getting better. But somehow I become complacent and things get bad again. I still cut losses early, but going against the trend. Sometimes, two seconds after cutting losses, I got back to the trades hoping I reached the top/bottom of the day. The results were the same if not worse than letting the losses run at the first place.
I did the same mistakes over and over again, usually after I did some succeed doing that, repeat it and failed worse. Until I was no longer willing to fight against the trend at all. But problems not stopped here. Yes, the losses get smaller than doing the old mistakes, but I also not getting profit at all. It's because one and one only reason. Chopped out severely and not willing to accept it. I trade my signal aggresively even ten losses in the row won't stopped me. Sometimes I did worse thing like doubling the size of my trade. It often worked, but if it didn't, the cost will much much greater than when it worked. I knew something still wrong.
Hundreth of hour, I did research and developed a system to get out from this mess. A system not to get rich quickly. A system that limiting myself to become an overtrading jerk. System that even when it didn't work, I don't lose too much. It's a system that reduced my trades to only quarter than the past. I proudly said that I have found the system. Not perfect, but I believed it good enough at least for surviving. Now, I am not a crazy flipper short and long just to win back what I lost in a matter of second. Not down -$1000 while the clock still pointing 10.00EST. The system just not allowed me to do it. And I always improved the system, not for profiting every day, but aiming how to minimized the losses in a bad time and optimized the profit at the good time.
I still had emotional and pressure baggage to perform good every single day. Though I must accept the harsh truth that I must stopped trading if I reached the certain limit of losses, while also accepting the fact that signal after stopped trading will give massive profit. That's the time when I felt faith playing at me. But it's trading. I observed,analysed the system on every minutes and dropped in my blood. I improved. Like on Wednesday when I decided to use longer ticks chart or when I learnt how to read volume momentum in better way. Non-Stop Improvement while at the other hand, I will let my system to do what it should do. Over-improvement is not good and hard to tracked the consistency. I also now including the Profit Target into my trading agenda.
No 100% perfect system in the world of trading. No matter how hard you did, there's always be losses, daily losses, even weekly and monthly losses. That's why the emergency-safety button is needed. No more trade for the day after 5 losses in a row.
If I can follow the above word, Not just me, all of us can be the best trader in the world.
Friday, March 11, 2011
As long as I am in long mode, definitely I'll made profit today
I admit, the entry was not fully by the rules. Not confirmed yet by Anchor Bar, though the Anchor Bar already shown up. There's however a long signal @100. At first I wanted to scaling up but canceled it. I didn't want to mess things on Friday. By the time Anchor Bar confirmed long, I was already in the trade. Not a good example, but actually I was ready to face the consequences. If I was stopped out, I would wait for confirmation. Luckily there's only strong bull. So I just raised the SL, raised again below the last pullback. I almost stopped out at the third pullback but lucky again I canceled it. It's the exact tick trap before price moved further to north. The reason I canceled it because price liked to faked a little to the pullback. By the time it made new high, I raised my SL back to last pullback. Worst can happened, I'll be nett more than $500. Who knows price jumped little further and took my 100 ticks target. Any reason I resumed trading? No! It's "Thank God It's Friday"
I trade on my best interest zone. The real target actually at $101.06 spot, but I'll be happy with the current result.
For Nett of this week, -$354
1. Not good for breaking the rules, this is only luck. Just remember I had $360 spared from breaking the rule. (from 99.64 to 100.00)lol.
2. Dynamic Stop Profit, better instead of fix Stop Profit. I can't afford dynamic Stop Losses yet so that'll be fine.
3. Trade with the best interest in mind. I could easily profit taking at $200,$300,$500, and that's pretty good result. But I thought bout this: If I was down -$1000, I always waiting the price at least breakeven. And why the hell I took profit early when I was not in red? So I just waiting the free trade do their stuffs and it worked! Next time probably not.
Thursday, March 10, 2011
But also, if I sticked to the plan and trade all day I made huge profits today. A little give and take and actually I had my anchor bar said long before the news. But the choppy really annoying.
Crude Oil really really the hardest and toughest symbol to trade in the world now. I salute to all oil trader out there.
1. It's wiser not to trade after big move happened 01.00 EST onward. Choppy and very volatile. I stopped out twice in just 5 seconds!!
2. I reconsidered my daily limit losses again. Two days I had movement only after the daily limit triggered.
3. Must looked for a new filter method. Renko Bar's very late.
My Anchor Bar told me not to go long. First Entry common stopped out. Second Entry is Hell. I got 2 ticks slippage and the price teased my Stop Losses. So, when it -5cents I got out, planned to short again at 102.29. And Price just blast through my order, Damn!!!
Holding my -15cents cause of operation error really make me unease. Then price stalled again, added another 3 Stop Losses of Chopped. I am -45 ticks, only 5 ticks to called it the day. Lucky I took my last trade which move my favor pretty fast. It stalled for a while around 101.20, I trailed my Stop to 50 ticks. Still minus if stopped. Then I waited and waited. Raised my Stop Order to +50 ticks when price made one ticks faked at the low. And it only one tick away to stopped me out and price dived down again. Got out at my 100ticks Profit Taking and call it a day.
If I didn't screw the second trade, I may made $700-$900 today. But it's part of trading. The thing I only hope is I am not messing too much.
The Anchor Bar worked very well today. Still getting lot of chops even after I raised my ticks. But if I used faster ticks, I'll end the day with ugly losses again. Worse, without my Anchor Bar, I might have double my early losses. So thanks to the slower ticks chart and Anchor Bar. The Renko Bar pertty useless for filter today. I should worked out more on my choppy filter.
Wednesday, March 9, 2011
I never think to stop trading unless I can't trade anymore. After three years of trading with negative result, I can't believe I am still doing it. What drive me keep trading because never in my life I have things that I liked to do to the fullest. But liking with talents not always in the same line.
The reason I want to trade it's I want to help people, in trading of course. I really want to help but instead, I am the one who need help. I remembered when I have good few months in trading, I made very encouraging and positive post all over the place. Like embrace the losses, keep discipline, etc. I know you also like to help people. But maybe the purpose for helping people is to satisified my ego needs to become important. But never in my life, I am happy when other people suffer. But I am happy if others doin' good or fine.
About stop losses, I will contact you later but since our trading style is different, I am not hoping too much. Thanks for writing me this long. Appreciate it so much.
You are indeed a very good person. And all your writing really touch me a lot. You're right about me. I already cut my trading time only at US session. And all the free time, I did useless things. Whether it's still related to trading or just surfing around aimlessly. One of things I really want is having a good proportional body. I am slightly overweight now lol. Too lazy to go to gym, or maybe don't want to see other people cause of my miserable background.
I place the trade to number one priority because I want to give happiness to all the people I loved. My parents, my so, my families, my friends, including all the blogger out here, everyone. Placing trading as number one priority in life is not good. It's just business. Really, I always want if I made consistent in trading, I will reduce the activity to the minimum.
As you suggest, I'll do other activity to balance my life. Thanks, it's really enlightening me. Do something for nothing, that's something I lacked of. How do you know a lot about me :) ?
Honestly, I really disliked to get sympathy from other. I want to be the one who help people, not otherwise. But my condition now actually really need help. So thanks for the all the help you give me. I really wish I can pay your good deed later.
Wednesday trade, if I was in my best condition to trade, I'll still take the same losses. I did very mechanical trade. Sometimes the difference between win and lose is only one trade difference. Now the only thing encourage me is, I have good confidence that I can recover from this losses. Not a revenge trading. Simply a discipline trade will cover my losses one or two days. Why? Because I learnt everytime I made loss, I'll figure it out what's the problem? Is it my lame execution? My undiscipline trade? Or my lousy system. Wednesday is just my lousy system, so I think nothing wrong with me. Looking to improve my system. The only improvement now is make a fewer and more fewer trade. Until even I losed all my trades that day, I'll be okay. On my way to it.
I'll write the emotion. U're right cause I can't write my personal life to the blog. It's embarrasing though nobody knows me in person. Thanks for the advice. I'll do it.
Now, at my state, I have no rights to give advice to you. If you don't like it, it'll be fine. I think you taking profit too early in your trading. Since you used Oanda, why not letting one or two small lots to move far beyond your imagination?100 pips?200pips? I can't do it in oil since I already trade one contract. If you trade one, now trade 4 with same size of capital. I rhink you already know it cause it's in Mark Douglas book.
Thank you for the chart but I really don't know what you mean..
Thank you for all the advice and attention. Losing is really never a good thing, especially if the losses or profit become the number one priorty in my life. So one thing I'll do is...the hell with losing. I mean it's not like losing forever. It's become like gambling but...you know what I mean.
The system worked. Only it need a little improvement here and there. And today, I am ready to rumble again. Worst thing can happen? Losing another $500, lol. Best thing can happen? Never know for sure.