Ok here's the deal.. I have been trading for 4 years, I blew up 3 accounts and now I'm back at it.. So why did I say "impossible to blow"? Well I came up with a mathematical strategy that allows me to not blow up.. So what's the mathematical strategy? Well, I have a night job on the side.. So every time my account goes below a certain amount, I will stop trading and save up what I lost.. For example, right now I have a 2k account.. So if it goes below $500, I will stop trading and save up $500.. And then put that money back into my trading account... I will only do this if it goes below the 2k amount.. At the same time I'm saving up, I will study and try to figure out what went wrong.. Was it me? Was it my strategy? Etc... This will make me stronger..
A little bit about me. I took off a year from trading to clear my mind. In between that time I've been studying from others, and I also learned new things that I discovered.. I have backtested over 100 different strategies (smh), and I didn't like 98 % of them.. So now, I decided to trade a system that I came up with recently.. I have other systems that I would like to test out (like 29 more), but I haven't backtested them yet..
The system I'm trading now is based on movement.. THAT'S IT! If the market moves too much, and I don't get a signal then I will not trade.. Today is a perfect example.. In the morning I didn't get a signal at all, and the market moved up too much.. So I decided to call it a day... Were there other signals during the day? Yes of course, but remember my strategy is based on movement.. Recently I've figured out that most of the time the market doesn't move that much when it hit a certain time or point(s).. I could trade all day if I want to because I get signals all day.. But my chances of winning are low if I do that.. I need movement that is decent enough.. So if the market goes up or down too much, and I don't get a signal.. then I will not trade for the day..
I just opened up a new account today, so overall I didn't make any trades this week yet.. I was going to trade the YM, but I don't like it as of right now.. Not for the system I'm trading.. So I will be trading the 6e... I will be posting charts here and there, and I will drop some knowledge too.. That's it for now.. I got to go.. Tomorrow I will see if I get any signals..
A little bit about me. I took off a year from trading to clear my mind. In between that time I've been studying from others, and I also learned new things that I discovered.. I have backtested over 100 different strategies (smh), and I didn't like 98 % of them.. So now, I decided to trade a system that I came up with recently.. I have other systems that I would like to test out (like 29 more), but I haven't backtested them yet..
The system I'm trading now is based on movement.. THAT'S IT! If the market moves too much, and I don't get a signal then I will not trade.. Today is a perfect example.. In the morning I didn't get a signal at all, and the market moved up too much.. So I decided to call it a day... Were there other signals during the day? Yes of course, but remember my strategy is based on movement.. Recently I've figured out that most of the time the market doesn't move that much when it hit a certain time or point(s).. I could trade all day if I want to because I get signals all day.. But my chances of winning are low if I do that.. I need movement that is decent enough.. So if the market goes up or down too much, and I don't get a signal.. then I will not trade for the day..
I just opened up a new account today, so overall I didn't make any trades this week yet.. I was going to trade the YM, but I don't like it as of right now.. Not for the system I'm trading.. So I will be trading the 6e... I will be posting charts here and there, and I will drop some knowledge too.. That's it for now.. I got to go.. Tomorrow I will see if I get any signals..
I got a long signal at 9:35 am and closed out the trade at 9:40 am.. I wasn't really sure if I was going to get my profit, because I thought the signal was kind of fishy. But things worked out pretty good...