To Those of You who still struggles

As I become News Trader and after dozens account being blacklisted I still stay with my profession. Looking back on how many people struggling at the market annoys me very much. It's so freakin difficult to dance with the market. No methods work everytime. That's for sure.

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

BRIEF ANOUNCEMENT

I posted in my old blog since I wanted more people read my thought here.

It has been 4 months since I started the news trading. It has been so exciting, fun, and profitable. How to trick the brokers, looked good (aka. floating losses) in broker's eye and actually become a cancer little by little. Last time I successfully tricked the broker's server, pretending I locked my position because of losses, which is most of client's doing. So I had 2lots long losing position on AUD and short position. Now, here's the trick...

My manager told me that the company still wanted to have a good image at their trader's eye. After slipped rules occured, the Director told that the stop loss of the clients still safe. Of course he knew that there'll be waves of complaining and bad words if there's some clients who got slipped 30 pips on their stop loss.

So, he told manager that do not be afraid coz the stop loss will be executed at the same price, while new order will be slipped. So what am I doing with this information? I locked the losing position with short and place stop losses on max number. Losing means I hedged on other broker and eating the swap points. Overall I am still in green :)

I think the server've been fooled, thinking the account is amateurish and viola!!!!! It worked again like new :)

Fortunately God won't allowed me to become a hacker. I may become the most dangerous hacker in the world.

The door is opened again, and it's better than ever before. Pity the broker to hire me as their employee.

JOIN THE DARK SIDE TRADER

ENTER THIS

Keep It Small

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 :

**Sith_Trader**

News trading the best

Make $38k in one day that easier than printing money. And still nobody care about this shit at all. Love it :)

Funny things on the order: I was the only one trading at that time

Price Action Traders Rules For Now

Today's market, as a Price Action Trader should made tons of money. Amateurs will die instantly. If I was still on my old-fashioned mode, sure do also made lots of profit. And with my lack of experience visuals, volatility always come on falling market. Never expereinced the real bullish powerful exciting market like 1998-2000. Only the faked US$ stimulus market that moved like a zombie. That's why day traders prefer the bearish market. Profiting from Panic is the best way from day trading IMO.

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...

PRICE ACTIONS SUCKS !!!

I have been there for two years. It sucks. You are at the mercy of the market. Remember early 2009 to mid 2011? It's QE world. Market so dull and if you relied on your price action, God be With you..

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.