This is my Journey...
Born in the 70s, I have always been interested in Trading. I had my first foray in 2000, when I bought my first shares and promptly lost the bulk of my capital in the dotcom crash. Convincing myself that I had to take a more professional approach to trading I began to read all I could on the subject and frequented a lot of trading websites such as elitetrader etc...During this time I started to gravitate towards forex and index trading as they seem to fit my style of trading. Still, I kept giving my money away to the markets. I pressed on nonetheless convinced that one day I would prevail if I persisted.
In the last 12 months, working diligently everyday I really felt I was getting very very close to my goal. I few months ago I felt I had cracked it. Armed with some fresh capital I began to trade. To my surprise my expectations did not match with what the balance sheet was showing me. Even though I was not losing much, I was not making the profits I thought I should make. Then something happened....
One day I lost the link to my data provider which formed the basis of my trade selection. I began to panick. How was I going to trade now that I could not even generate my signals? I thought long and hard for 24 hrs and came up with a solution. It was my "Eureka" moment, my road to damascus experience as it were. Suddenly scales fell off my eyes and I could see with clarity for the first time. What before was data noise and random numbers was now opportunities and profit. As soon as I got my data provider back I reconfigured my signal generation and I have not looked back since...
The signals I have taken based on this new insight have been winners (>90%) and big winners indeed, I have cut my losses at levels that do insignificant damage to my account and I am happy to say I am up 15% so far this year.
I have asked myself why this insight did not occur to me before as it seems so obvious to me now. I suppose it had to take a trading "crisis" to bring clarity and insight. I just wanted to share this experience with the Elitetrader community.
Happy Trading Everyone!
Born in the 70s, I have always been interested in Trading. I had my first foray in 2000, when I bought my first shares and promptly lost the bulk of my capital in the dotcom crash. Convincing myself that I had to take a more professional approach to trading I began to read all I could on the subject and frequented a lot of trading websites such as elitetrader etc...During this time I started to gravitate towards forex and index trading as they seem to fit my style of trading. Still, I kept giving my money away to the markets. I pressed on nonetheless convinced that one day I would prevail if I persisted.
In the last 12 months, working diligently everyday I really felt I was getting very very close to my goal. I few months ago I felt I had cracked it. Armed with some fresh capital I began to trade. To my surprise my expectations did not match with what the balance sheet was showing me. Even though I was not losing much, I was not making the profits I thought I should make. Then something happened....
One day I lost the link to my data provider which formed the basis of my trade selection. I began to panick. How was I going to trade now that I could not even generate my signals? I thought long and hard for 24 hrs and came up with a solution. It was my "Eureka" moment, my road to damascus experience as it were. Suddenly scales fell off my eyes and I could see with clarity for the first time. What before was data noise and random numbers was now opportunities and profit. As soon as I got my data provider back I reconfigured my signal generation and I have not looked back since...
The signals I have taken based on this new insight have been winners (>90%) and big winners indeed, I have cut my losses at levels that do insignificant damage to my account and I am happy to say I am up 15% so far this year.
I have asked myself why this insight did not occur to me before as it seems so obvious to me now. I suppose it had to take a trading "crisis" to bring clarity and insight. I just wanted to share this experience with the Elitetrader community.
Happy Trading Everyone!
