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Exceptional trading is always within ourselves and never from charts/indicators imo. Properly developed daily operational habits, actual commitment to writing and following a real trading plan with sound risk management, and the ability to interpret price/volume action real time is the foundation for real success.
To build, copy, or follow a system is not the ultimate road to success......your developed price/volume action interpretation skills, disciplined operational habits, and commitment to following a plan is where dynamic profitability is found.
just my $.02
Can you help answer these questions from other members on NexusFi?
1. Based on my own progress (from 0 knowledge on how to trade to where I am now), I will give myself 80+ on a scale of 100.
2. Preserve Precious Capital - my grade is now up to at least 90 because I finally learn that PT/SL is a MUST (equiv to a trading plan) for any investment decision should it be just buying 10 shares of stock .. haha ..
3. Trading System - To me any systems that have a historical or estimated profit % matching 70% or above will be a good trading tool. Having tried over 20 set-ups, I now go with a simple one that will save my second-guessing most of the time.
4. PT/SL Risk/Reward Ratio - It's always my preference to have at least 1:1 plus a small SL cushion.
Most subscribers in the Sniper room have been doing great. They all have different trading plan/daily goal etc. For me, I finally slimmed down my charts and got rid of the additional safety wheels I added. I cannot and will not compare my results with others. No one is aware of the burden (or baggages) I have on my petite shoulders. Trading is a mind game. Let's hope that time and persistence will make me (most of us) really really profitable!
wgreenie trading is simple learning to trade is the hard part,i had to train my subliminal mind to understand what was going on when i looked at a chart then my brain finally could see what it needed to see to take the fear of trading away,i have watch you this last year and i am happy that this method is working but never forget keep studying the more stuff you cram into your head and the more hrs you study the sooner you will have a real aha moment then you will understand what i mean by trading is simple...sharky
Yes Sharky. I'm starting to see what you meant! Trading is simple. It's me who complicates things. Have I not spending hours on different systems and indicators .. reading books .. watching videos etc etc .., I will not appreciate a simple set-up. That's me LOL!
futures.io (formerly BMT) is not a democracy. You are in "my house" and I will not tolerate you yelling and being offensive and rude to each other. I will simply ask you to leave, or kick you out.
I like a good fight -- boxing is a great sport. But it has no place in this forum for discussion. If you cannot control yourself, do not post. If you love arguments, there are plenty of other forums out there full of them.
I would like to remind everyone if you have a problem with another member or post, DO NOT ENGAGE that member by posting and "defending" yourself if it is going to lead to rude or offensive remarks. Instead, do the mature thing and report the post so the moderators can take care of it.
I am specifically saying the main focus in successful trading is not the system but within a persons developed capabilities......like most everything else in life. Just like the best gun in the world can't ever hit the bulls-eye by itself, it takes a good shooter with that gun to do that.
I attempted to post to discuss some of this thread, but Big Mike had to remove it as I didn't know the rules. None of it was negative, but did highlight some of the system's positive aspects (a no-no for a vendor).
Rather than try to clean up my post, please feel free to PM me.
I have been trading for some years now. After taking lessons in my country on technical analyses and also the advanced technical analyses it was time to put theory in practical trading.
I leaerned fast that its not what i had in my mind.
I did not participate in taking expensif courses but build my own system with falling and getting up again. i kept in my mind to use a few as possible indicators because the more - u use, the greater the confusion.
So i like the K.I.S.S. methodology. i did a lot of resaerch on the net.
Yes, in that periode i blew up my account. But that's a lesson that i wont forget. its also The best teatcher .
Shure i can learn from somebody else and i would like to-
Some days ago, i did read about this snipermethod here, on this forum.
After watching some video's , i did see that they had some of my tradingstyle so i decided to to join and to see if i could learn something more. Who knows..............
This is the first day in there trading room and the espectaions i had ,came out.
I did learn how to perfectionaze my trading style, i could ask as mutch as i wanted and getting everytime an specified answer to my question.
In time, not to long for now i will be even more profitable then i was now. no doubt about that.
I am not the one who trade with 10 or more contracts in the same time. My target is to build slowely but
shure a good account. And that on my own. i dont depend on someone and i am learning the details now. That's what it is, that's where you have to look.
I am shure, others will confirm that.