That's more like it! If you wouldn't mind me taking you up on that offer I'd be delighted. Any pair you fancy. But please only either in advance or at the very least at the time you are placing them and in plain English that is totally unambiguous so a total moron like me can understand. Entry level with stop and then equally unambiguously, the exit level and time either in advance or at the time.
I appreciate trading the way you do it must be difficult to both trade and blog effectively about the trades you are taking, so given the success you are having, you could easily choose to 'donate' a few trades by giving the priority to posting rather than actually taking the trade and serve a higher good in showing us how it can be done while at the same time dispelling what appears to be the consensus view that most of your trades are in retrospect.
Have a good weekend.
Hi SD
You are most welcome - and i hope you will spend a few hours - and even a few days with me in real time and we can take some trades together - no problem
As you might gather - I don't spend time from 6 30 am to say 5 pm UK time stuck in front of my monitors - ie 10+ hrs a day watching my charts - but I do cover normally a 8 - 10 hr time window - and would expect to trade 10 -20 times during those hrs - with normally 1 to 3 trades per hr.
In real time - I am probably watching my charts nowadays only for 20 mins in any hr - so a 10 hr period would be less than 4 hrs of chart watching
Once you have taken thousands of live trades - ( quite easy if you are doing over 250+ per month) as long as you are in your comfort "stake money " zone - it ends up being like "shelling peas" - ie you don't have the stress or the emotions of a normal trader. Nowadays I stay normally under 12 lots per pip on scalps - as over 4 yrs ago I got out of my comfort stake zone on over 20+ lots per pip - and its just totally psyched me out - ie palpitations - stress - anger etc etc.
It took me nearly 6 months to get back to normal - so I learnt my lesson and of course since then have improved further along my trading journal.
With regards to losses - no problem - I am not proud to say - I probably have more losses every month than many take trades - ie normally 1- 3 losses per day - bad day 4 or 5 losses - but even 3 losses on 3 trades might still only be 10 pips - as I cut my trades asap if they don't look to be working.
In this thread this week - I have mentioned several losses - but not one over 4 pips - even though my normal stop is 5 pips or 7 pips on pairs needing 2 or 3 pip spreads. Most of my pairs I trade are under 2 pips and as low as 0 2 pip spreads -which is important for scalping and intraday trading
Forget the cost of trading - and I trained years ago as an Accountant - its not just what it cost - its what it makes you which is more important
For me I would prefer to pay a broker $10k a month and make say $22 +k net rather than only be paying a broker $2k a month - but only earning $16k net - as not taking so many trades and having a greater turnover
I think its important you read my other thread about how I trade with my method and general rules etc- before we start either Monday afternoon or Tuesday / Wednesday - any time.
Yes you might even laugh at some of my comments etc - but the facts are - even according to mathematics - you need more than a movement of 3 for a trend
My best most profitable "trends" are 10 - 25 pips all under 30 mins off 5 pip stops
Even if i get a scalp wrong and we don't make 7 or 10 pips plus - I still would hope to exit with 2- 4 pips - rather than take a 1 pip loss - but I don't scalp for 3 pips normally - I need 7+ so that I have at least a RR of 1+
I look forward to you joining in - and please ask questions etc as we trade
You will need to refresh the thread at least every 30 seconds -to make sure you dont miss any live calls - and also you need to understand the NPGT or free trade concept - which is an important part of my money management
Meanwhile after you have got through my way of trading in the other thread under "Trading systems" - if there are any queries or questions to ask - please feel free to do so over the weekend
Regards
F