The GOAL is to survive - Page 2
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Thread: The GOAL is to survive

  1. #11
    For stage two ....Patroxx Capital.
    Month of May has observed equity rise from 2042.19 USD into 2102.46 USD .
    It's been upgraded on first page.

  2. #12
    For phase two ....Patroxx Capital.
    Month of May has observed equity increase from 2102.46 USD into 2157.59 USD .
    It's been updated on first page.

  3. #13
    Funny how you attained your goals of be pretty much exactly. Not once but actually twice! Coincidence? Definitely not

  4. #14
    Quote Originally Posted by ;
    Funny how you reached your goals of be pretty much exactly. Not once but actually twice! Coincidence? Definitely not
    Please take care to elaborate ...I didn't get it ?

  5. #15
    Quote Originally Posted by ;
    quote Please care to elaborate ...I didn't get it ?
    If you set your target as breaking even, your mind will be certain that you do only enough to break even. Just like in school when they told you to complete an assignment it did not really matter if this was to short to long, it required you as long as given to complete it. Give or take some time based on what you thought punctually was (my defenition wasn't that strict such as ).

    So in the event that you set your target low, but reachable you will almost always achieve it, for you will do only enough to achieve it, then stop putting in more effort. That is what people do because there is almost no prospect of not reaching your target, which feels great as you don't need to leave your comfort zone and you made sure you can't fail, so that you won't feel bad.

    If you set goals outside of your comfort zone and devote to them you will really grow. However, of course that come with more anxiety because it is harder and there is less prospect of reaching the target, so if you do not reach it more opportunity you'll feel bad.

    You do not need to take any of this as advice but just note that fact you've given yourself
    you set your goal to BE, you reached almost just BE
    You set your goal to BE again (not even just a bit out of your comfort zone) you reached almost exactly BE again
    You set your goal to acquire a small amount, you're currently making a small amount just

    History is filled with perfect examples of the phenomena...

    For me personally this meant committing myself to much higher targets (which initially meant even placing the goals at the first place, most people do not even begin with this ever in they are trading lifetimes). Since then I have put in countless hours, working untill 20 hours a day sometimes up to accomplish those goals. This was mainly working on the plogical side of trading btw (by analyzing and simulating what successful traders do), not only mindlessly analyzing 6.000 distinct egies, indiors and other variants. And I can tell you the result are absolutely astonishing. But this doesn't come easy, will require hard work and will be mentally hard (everyone knows trading is tough, but no will admit it, actually most people only hear you in the event that you tell them it is simple)

    Now I don't for a second say: up your risk to your reward up. But anybody that can conduct BE consistent can conduct profitable consistent, learning how to accept risk will likely be your problem but that is just pure guesswork and thus don't take my word for it (you probably heard the advice a thousand times and may have even read it read trading at the zone by marc douglas)

    This not meant as a critisism equally as friendly advice
    Kind regards,
    Nevie2

    p.s. sorry it's a bit longer then thought

  6. #16
    Quote Originally Posted by ;
    quote If you set your target as breaking, your brain will make sure that you do only enough to break even. Just like in school when they told you to finish an assignment at a time that is specified, it didn't really matter if that was to short to long, it required you exactly as long as given to finish it. Give or take some time depending on what you believed on time was (my defenition was not that rigorous for example ). So in the event that you set your target low, but accessible you'll almost always reach it, for you may do only enough to achieve it, and then stop...
    Thanks, I got everything you are attempting to say. But I completely disagree with you.
    IMHO, single thing you can control is the risk that you take . . .you cannot control much cash you are going to make. So whatever you are saying does not make sense to me. When people join this particular venture . . .for whatever motive it might ...( Most converge to get rick quick or greed ) . . .they have pie in the sky notion of Making 20% a week or making daily 1000 dollars ....it most certainly ends up in disaster . I had fair share of mine.

    And , hence I understood it was time to be sensible and put out my journey to prove itself into the profitability in two stage. Of which Phase is (was ) to not dismiss account over law of large number ( in this case 1500 currently ). It doesn't have anything to do with staying and dream .

    Good luck to whatever GOAL you may have set up yourself.
    Peace.

  7. #17
    Got to mention one final thing because you kinda blew my mind with that answer if I am honest . Gonna keep it short:
    1. You can't possibly compare the completely arbitrary actions (emotionally, egically and everything in between) of a noob and that of a disciplined trader that follows a set egy
    2. If you could really only control the amount of risk you take not one person would be trading Currency Market, in fact, trading could not even exist. You've got control over you mental state, egy you exchange (with countless variables), hours you exchange, amount of work you put into backtesting, how and if you report your self or someone else in your progress and 6 million other factors
    3. If you discover any one exceptionally successful person that shares any of those thoughts, idea and convictions I would be extremely suprised, I may be completely wrong but these thoughts don't appear to be dependent on proven egies and ways of becoming succesfull, only kinda sounds like stuff that sounds plausible but not anything a succesfull trader would say

    Do not for a second listen to me, but at least get your thoughts from an established source that has a long history of the kind of success you would like to achieve, whatever else is complete BS.

    Kind regards,
    Nevie2

  8. #18
    I've been thinking about finding few spouses as my attempt of growth in different markets . . .like Equities , Futures etc.. ( Also to enhance current methodology in forex market)

    So , I will write down , what I have been doing and what I am searching for potential partners.

    I've been acquainted with forex market ( and couple other ) because beginning of 2012. And as a effect of studying procedure , I happen to be residing in Automated systems because 2014 . Which used to work with mixed results with MT4 EA's. I've paid lots of money for producing different versions. One of which is posted above , with connectednigeriaforextradingexplorer. Despite having sound behind it, which later I understood had been able to conquer trading investment. ( why ? ...i will leave it to you guys for figuring it out. )

    Currently , upon realizing several caveats of MT4 testing ... I've been working with Jforex platform , which includes added advantage of Tick data back testing with complimentary , good quality information. After lots of trial and pain and error ... I am pretty confident about edge in the market.
    Back testing was done since 2008 till today on several pairs ,,,including gold and oil . Though despite not making money every year (few years with little loses or break even) and its own making money overall with quite clear recognizable edge.

    I've attached 2 screen shots to get an idea about that.


    As I believe there's always room for improvement , I have been searching for traders who will provide different perspective with expertise in domain I'm lacking.
    So , Kind of potential candidate I am searching for are 1 Strong fundamental background
    2 Quant minded . . .to carry out different statistical studies or developers ...( though quite small Quantity of programming will have to be done. )
    3 Most significant of all ....you are enthusiastic about trading and have scientifically ,evidence based decision making.

    So, if you are curious , you can PM me , with few details regarding your beliefs of market. I will reply you appropriately as and when I get a chance.

  9. #19
    For phase 2 ....Patroxx Capital.
    Month of July has witnessed equity fall in 2157.59 USD to 1936.03 USD .
    It has been updated on first page.

  10. #20
    For phase two ....Patroxx Capital.
    Month of August has seen equity rise from 1936.03 USD to 2228.45 USD .
    It has been upgraded on first page.

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