B
Black Swan
Julian, a few things;
I have no interest in calling live calls, we've discussed this ad nauseum, it is of no benefit to me. and heh, if folk don't get that this is a selfish business then they need to get with the programme and double quick. If I wanted to do live calls I'd only do it to make money, not to *share*, if that sounds harsh OK, but it's honest.. I could sit in front of a bank of monitors all day and pick out small TF trades that'll be in profit at some stage of their life ..
I don't need/look for the *excitement* of putting one on and then announcing it to a few strangers on the interweb and I'll always remain sceptical as to the overall benefits of 'live trade' threads other than to possibly get new traders match hardened. In every live trading thread I've seen on here (or other forums/sites), I've never seen traders make progress in their: methods, discipline, or P&L...It's always the same pattern;
up one day, down the next,
extreme cognitive bias re price direction,
repeat the same mistakes re over-trading,
poor or non-existent MM,
lack of discipline and reliability etc..etc....
They're always practically break-even over a relatively large sample size, 6 months or so, and then go off to lick their wounds and come back with a shiny new approach and quickly fall back into the same apparently unbreakable habits.
That's partly why I take a step back/step aside from the mood the generally manifests on these types of threads and won't fully engage. The lulz can be OK and the interweb companionship likewise, but watching bad habits repeated bothers me, but who am I to carp or criticise, it's their P&L at the end of the day not mine.. I'll happily continue to show my entry, exit and profit clearly marked and a brief commentary on set up and the reasons why I've taken a small TF trade, but that's as far as it's gonna go. Posting recent results on here are simply an after thought to part of my trading, to make it the forefront of my day trading a single currency pair would be silly quite frankly.
Take a long hard look at Vaco, two trades over the past 2 days, two winners, knows exactly when to stop. Makes 50 pips which probably equates to 500 + quid, his work is done. That's how to trade the small TFs and that's also how to trade when you need trading to make a living and again to be brutally honest there are too many folk on these threads (for my liking) that treat it as a hobby/pass-time/pin money etc..If I was giving out live signals/calls I'd hope it'd be for folk that are totally dedicated to the industry and need to make it work.
I've put up somewhere in the region of 3 weeks results on the small TFs on this thread, the pips will be circa 350, It's not difficult for me to net 500-600 pips off the smalls a month, it could be more but its all about the money at the end of the day. The swings is where it's at for me, anything else is a good bonus.
I'll carry on posting up my results next week, thereafter I'll stop. I might then do a journal If I can see any benefit, but I don't do vain glorious, and those that do are generally (or will go on to) selling something.
I have no interest in calling live calls, we've discussed this ad nauseum, it is of no benefit to me. and heh, if folk don't get that this is a selfish business then they need to get with the programme and double quick. If I wanted to do live calls I'd only do it to make money, not to *share*, if that sounds harsh OK, but it's honest.. I could sit in front of a bank of monitors all day and pick out small TF trades that'll be in profit at some stage of their life ..
I don't need/look for the *excitement* of putting one on and then announcing it to a few strangers on the interweb and I'll always remain sceptical as to the overall benefits of 'live trade' threads other than to possibly get new traders match hardened. In every live trading thread I've seen on here (or other forums/sites), I've never seen traders make progress in their: methods, discipline, or P&L...It's always the same pattern;
up one day, down the next,
extreme cognitive bias re price direction,
repeat the same mistakes re over-trading,
poor or non-existent MM,
lack of discipline and reliability etc..etc....
They're always practically break-even over a relatively large sample size, 6 months or so, and then go off to lick their wounds and come back with a shiny new approach and quickly fall back into the same apparently unbreakable habits.
That's partly why I take a step back/step aside from the mood the generally manifests on these types of threads and won't fully engage. The lulz can be OK and the interweb companionship likewise, but watching bad habits repeated bothers me, but who am I to carp or criticise, it's their P&L at the end of the day not mine.. I'll happily continue to show my entry, exit and profit clearly marked and a brief commentary on set up and the reasons why I've taken a small TF trade, but that's as far as it's gonna go. Posting recent results on here are simply an after thought to part of my trading, to make it the forefront of my day trading a single currency pair would be silly quite frankly.
Take a long hard look at Vaco, two trades over the past 2 days, two winners, knows exactly when to stop. Makes 50 pips which probably equates to 500 + quid, his work is done. That's how to trade the small TFs and that's also how to trade when you need trading to make a living and again to be brutally honest there are too many folk on these threads (for my liking) that treat it as a hobby/pass-time/pin money etc..If I was giving out live signals/calls I'd hope it'd be for folk that are totally dedicated to the industry and need to make it work.
I've put up somewhere in the region of 3 weeks results on the small TFs on this thread, the pips will be circa 350, It's not difficult for me to net 500-600 pips off the smalls a month, it could be more but its all about the money at the end of the day. The swings is where it's at for me, anything else is a good bonus.
I'll carry on posting up my results next week, thereafter I'll stop. I might then do a journal If I can see any benefit, but I don't do vain glorious, and those that do are generally (or will go on to) selling something.
