Supply And Demand

FTMO Trader Scouting
Kuzia said:
and that's that Piper :)

Giving respect is mandatory,but if after it i'm giving it,and not getting the same, i will slash you to pieces with my lightsabre >:D with no issues.

If somebody throwing around stuff with nothing to back it up except chirping around like a cricket he will be put in his place too, since i'm sensitive to BS, and you are starting to be full of again. Seriously, stop minitrolling.
Read it all back and point out whatever you want then we can have a discussion about it.
 
To be clear, that wasn't directed toward anyone here... I also emphasize that there are exceptions. I'm just saying what I find the most in common.

I know three alpha-male, shark, 'never displays weakness' mentality, a-types (one of which I can vouch for as legit, the others I can only take their claims at face value.) Who can pull down well with the rest of them. Who are less apologetic about stroking people's fur the wrong way.

Though, one of them just blew up as his unwillingness to be 'wrong' finally caught up to him... It was in the most spectacular, career-ending, fashion too.

People who fit here tend to last if they can wrap their heads around risk properly.
 
the golden gun said:
Yes, it is about consistency, but if you're consistently earning low %'s, then it is going to take a long time to get where you want to be if you're starting with a small account.

True,everybody should trade in a style that's meeting his financial goals,or should readjust his goals.

the golden gun said:
If you're earning low %'s because your risk is very small... then perhaps you need to look at that as a lack of confidence, which is a problem, or at least something that can be improved.

But you can earn low% because you are a long term trader. Each to his own goals, i think thats why
none of us can form an opinion about positive return,no matter how small or big it is .
the golden gun said:
If you're earning low %'s with "normal" risk levels (~2%) then there is something lacking with your trading methods.

Personally I don't think that i would consider 2% exposed risk as normal, for me its huge(it doesn't mean that you can't build up positions though). I'm only risking 0.3-0.5% on a trade but in some circles i would be considered very active. That's the amount of risk that i have "really not give a f*ck attitude" about,so i can perceive the market clearly with nothing clouding my judgment (and usually i have multiple trades going on too). But in my opinion,what's mandatory for everybody is to have comfort,no matter how much they risk.

the golden gun said:
The potential is there for everyone, and the only reason most people don't achieve double-digit returns is because they've SETTLED on a method & way of thinking that isn't in line with how the market actually operates.

Partially true. Still,if they are getting positive results and happy with it,its fine.But you can't get positive return consistently if you are not in line with the markets(no matter how small). They simply not willing to put in the work since it seems to much hassle for them,so it doesn't worth it. Me personally was charting ,learning and working on myself, sometimes after 8hrs of work for 12 hrs till my eyes would bleed and faint to sleep(with charts rolling in my dreams sometimes :durr:) for an extended period of time. But i had a desire to get to certain levels, and not everybody does that. Each to his own. No better or worse,just different.

Cheers,
-P
 
I guess the problem is that I'm a perfectionist and I'm never really happy.

Make 16% in one week? All I see is the 7% I left on the table.

In a profitable trade at a good price? All I see is the better entry I missed a few pips away...

People think I'm being hard on them... but it's absolutely nothing compared to how hard I am on myself.
 
the golden gun said:
I guess the problem is that I'm a perfectionist and I'm never really happy.

Make 16% in one week? All I see is the 7% I left on the table.

In a profitable trade at a good price? All I see is the better entry I missed a few pips away...

People think I'm being hard on them... but it's absolutely nothing compared to how hard I am on myself.

good you acknowledge your psychology as it relates to trading.
if you're banking pips all you should be thinking about is increasing size commensurate to risk.

rest takes care of itself.
 
I wanted to elaborate on some points I was trying to make earlier, but with the aid of a growth chart I drew up on excel (see attachment).

I am contrasting two different deposit amounts, as well as three different monthly % targets.
I chose a 3 year time period, because it is comparable to the time you would have to invest to get a college degree. In other words, it is a generic timeframe to build a career.

The $1500 is a typical retail trader's deposit, while the $15000 is comparable to what you might expect to pay for 3 years tuition at college.

The three Targets: 5%, 15%, 25% are all achievable IMO. What I will say from experience is that it will take a much greater effort to improve your trading from 15% to 25%, than it will from 5% to 15%. That is worth noting for people currently hitting at 5% monthly.

Let me tie it all together into one main point:
You can start with a small deposit, or you can aim for a lower target, but you can't do BOTH, and expect to achieve career-trader status in a reasonable amount of time.

My ideal, given the context of this excel sheet, would be to start with the $15,000 deposit, then Strive for 25% the first year, 15% the second year, and 5% the third year. This accounts for the reality of emotion/stress increasing as the balance increases.
 

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the golden gun said:
I wanted to elaborate on some points I was trying to make earlier, but with the aid of a growth chart I drew up on excel (see attachment).

I am contrasting two different deposit amounts, as well as three different monthly % targets.
I chose a 3 year time period, because it is comparable to the time you would have to invest to get a college degree. In other words, it is a generic timeframe to build a career.

The $1500 is a typical retail trader's deposit, while the $15000 is comparable to what you might expect to pay for 3 years tuition at college.

The three Targets: 5%, 15%, 25% are all achievable IMO. What I will say from experience is that it will take a much greater effort to improve your trading from 15% to 25%, than it will from 5% to 15%. That is worth noting for people currently hitting at 5% monthly.

Let me tie it all together into one main point:
You can start with a small deposit, or you can aim for a lower target, but you can't do BOTH, and expect to achieve career-trader status in a reasonable amount of time.

My ideal, given the context of this excel sheet, would be to start with the $15,000 deposit, then Strive for 25% the first year, 15% the second year, and 5% the third year. This accounts for the reality of emotion/stress increasing as the balance increases.

well, now we are talking about a new trader.

I assumed we were just talking about you and what you leave on the table.

targets, in a diametrically opposed sense, are both a way to put both added pressure and also nurture a limiting belief system, which hinders outright performance and return.

trade your setups and aim to size up... take one lot to 2 lots. 5 lots to a mio.
i don't care about dollars risked. it's relative.


Edit: apologies piper for the hijack. back to regular programming...
 
The 5% to 15% change is really mostly about shifting from 50% to 70% accuracy. The catch is going past 70% starts to get harder, though the return percentage you can gain depends on what you're targeting.

70% accuracy is 7 out of 10; 75% is 3 out of 4; 87.5% is 7 out of 8. It's a function of "natural" mathematics, but it's not impossible. Just takes a tight selection criteria.

But as the money scale ups, the physical limitations start to take their toll. The necessary requirement to make the "huge" money is actually a form of learned "trading psychopathy". The numbers become just numbers and your emotions get further & further from the trades. For a lot of people, truthfully, they really can't get there.

However, you can makes huge amounts of money with consistency and self-control, even if you can't withstand putting 10k of Risk on a Trade.
 
sqa said:
The numbers become just numbers and your emotions get further & further from the trades. For a lot of people, truthfully, they really can't get there.

this the state of the mind of the trader.....
 
Alpha-Bet said:
well, now we are talking about a new trader.

I assumed we were just talking about you and what you leave on the table.

targets, in a diametrically opposed sense, are both a way to put both added pressure and also nurture a limiting belief system, which hinders outright performance and return.

trade your setups and aim to size up... take one lot to 2 lots. 5 lots to a mio.
i don't care about dollars risked. it's relative.


Edit: apologies piper for the hijack. back to regular programming...

I don't goal-seek, but I like to have an idea of what pace produces what result in __ months.

Basically, Run when you have the energy and motivation, then Walk when you need to relax and reset.
 
" Relative drawdown " is where you need to focus your efforts in trading and the roi will take care of it self.

once you dial that in, just add cars to get more zeros.

Gunner, post up some hard numbers.

s
 

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shopster said:
" Relative drawdown " is where you need to focus your efforts in trading. the roi takes care of it self.

once you dial that in, just add cars to get more zeros.

Gunner, post up some hard numbers.

s

You've already won with your 99.35% win ratio.
At least, that's what your generic MT4 output says.
 
Umm... well, yeah, if you're hitting >98% of your trades, I'd say you're setup works very well. Assuming those numbers are completely real, you must have some very accurate "this is moving in the direction" analysis. Limits total haul on a trade, obviously, but, well, I'd take 90% accuracy any day of the week.
 
shopster said:
anytime, anywhere. including real time.

s

Do you feel the need to prove something to me?

If that's some bot you invented and you're a millionaire, good for you. I don't care. Really.
 
the golden gun said:
Do you feel the need to prove something to me?

If that's some bot you invented and you're a millionaire, good for you. I don't care. Really.

you keep spewing off at the yap and it is all related to account size.

so put up or stfu.

s
 
shopster said:
sqa,

post up that magic chart.
i have drinks on the patio scheduled for my bankster in 9 hours.

s

Shop! Pls inform Mr.Bankster that his supposed to look back 30 yrs on his chart before mondays opening! Just in case his not an informed bankster. 8)


This thread deserves to be in the hall of fame ;D ;D ;D ;D ;D

-P
 
shopster said:
i don't think his head will swivel that far left.

s

:D

Then help him to turn it a bit... One Bankster less,no biggie.. 8)

-P
 
Development:
I pm'd ICT and invited him to participate in this thread,maybe Michael will decide to show and explain his point of view about s/r's vs s/d,and we'll have a normal dialog around here. If he'll come it'll be interesting to have a discussion from both sides of view.
Cheers,
-P
 
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