The 10K Thread

[Alpha-Bet]

Then whoever sees that, should learn to trade

exactly.

 

[the golden gun]

if this occurs you have no quantifiable edge and you are just delaying the inevitable blow up.

so you're saying that...

"see trade. execute trade. win or lose. move on to next trade
done."

...doesn't really help you become profitable, because it is oversimplified advice that can be misapplied by anyone?

 

[TopFroxx]

Jack - feel free to deactivate my account.

honorabu sudoku. rip in pepperoni mate

 

[Alpha-Bet]

what part of "quantifiable edge" are you having trouble with?

If you don't know that your trading has a positive expectancy all the targets of 5% or 500% are irrelevant.

you know your trading has a positive expectancy you take every trade dispassionately.

you don't worry about setting % targets or any benchmark. you trade every setup methodically.
setting targets is saying you know what trading opportunities/environment the market will present.

the goal of the trader after capital preservation should be to ramp up size within relative risk parameters.

if you think i give a stuff about someone else misapplying what i say do you think i care.
markets are not a place for hand holding. kill or be killed.

 

[the golden gun]

setting targets is saying you know what trading opportunities/environment the market will present.

Not if you understand that your goal represents an average of many weeks or months of opportunities. Then there's just the application of common sense. For instance I know it is summer right now, it's August, and I would expect a reduction in opportunity.

the goal of the trader after capital preservation should be to ramp up size within relative risk parameters.

so you think I should add a position size column to my growth chart? not a bad idea, i'll admit.

 

[Alpha-Bet]

Not if you understand that your goal represents an average of many weeks or months of opportunities. Then there's just the application of common sense. For instance I know it is summer right now, it's August, and I would expect a reduction in opportunity.

so you think I should add a position size column to my growth chart? not a bad idea, i'll admit.

ADR's have contracted obviously.

i would add a position size column. put capital to work.

 

[Piper]

honorabu sudoku. rip in pepperoni mate

8)

Not if you understand that your goal represents an average of many weeks or months of opportunities.

There is either a setup that qualifies whatever method you are trading, or there isn't. The market doesn't gives a rat's ass about how many trades you want to find either. Or have many qualified trades there were last mnt/yr. Now it might point you toward something to expect. But thats it,and if you need to have expectations in trading except positive ROI for the setups that you will be taking, you're screwed.

-P

 

[the golden gun]

8)

There is either a setup that qualifies whatever method you are trading, or there isn't. The market doesn't gives a rat's ass about how many trades you want to find either. Or have many qualified trades there were last mnt/yr. Now it might point you toward something to expect. But thats it,and if you need to have expectations in trading except positive ROI for the setups that you will be taking, you're screwed.

-P

Well it works for me. I just feel it is more professional to be in the habit of maintaining a forward-looking business plan. It's just an outline though, you expect deviations along the way.

 

[the golden gun]

ADR's have contracted obviously.

i would add a position size column. put capital to work.

OP updated with latest version of growth chart, as per your & others suggestions. Hope this is more palatable to a more general audience. Thx!

 

[Piper]

I'm telling you this, not to flame or anything, but because i know that my above statements are true:
Toss it to the garbage can. Else it'll just screw with your mind.

The process of growth is this:

Qualified setup:
Win: bank pips, increse size at next trade accordingly your risk profile.
Lost: Laugh, check if you're screwed something, decrease size on the next.

That's it. No magic to it.

 

[Alpha-Bet]

OP updated with latest version of growth chart, as per your & others suggestions. Hope this is more palatable to a more general audience. Thx!

I'll concede you do have thick skin.
a requirement for life in general and absolute necessity in trading.

 

[Alpha-Bet]

I'm telling you this, not to flame or anything, but because i know that my above statements are true:
Toss it to the garbage can. Else it'll just screw with your mind.

The process of growth is this:

Qualified setup:
Win: bank pips, increse size at next trade accordingly your risk profile.
Lost: Laugh, check if you're screwed something, decrease size on the next.

That's it. No magic to it.

yes. we all know leverage is a double edged sword. but it's a winning traders best friend.....

 

[the golden gun]

I'm telling you this, not to flame or anything, but because i know that my above statements are true:
Toss it to the garbage can. Else it'll just screw with your mind.

The process of growth is this:

Qualified setup:
Win: bank pips, increse size at next trade accordingly your risk profile.
Lost: Laugh, check if you're screwed something, decrease size on the next.

That's it. No magic to it.

I've taken your warnings at face value and added a disclaimer to the OP. and Yet, I will continue to value the growth chart as a pace-setting tool, as well as part of a comprehensive business plan.

 

[the golden gun]

I'll concede you do have thick skin.
a requirement for life in general and absolute necessity in trading.

I think everyone will appreciate my reasons for sharing the growth chart once I start filling the thread with trade setups. I will be able to directly relate the potential of each trade setup to the overall goals laid out in the compounding scheme.

It will make more sense now that I can simply reference the pip conversions for the targets.
Then we can leave account balance out almost entirely, and I think that'll get some critics off my back

 

[Alpha-Bet]

Seems as though the Troll cancer has set in. I now have no interest in participation on FXGears. There are better thing to do than wade through this puerile nonsense to find something worthwhile. Jack - feel free to deactivate my account.

mate, if you had the game worked out you wouldn't come to a forum for the answer.

 

[the golden gun]

mate, if you had the game worked out you wouldn't come to a forum for the answer.

some people just can't handle conflict. some people thrive in it.

 

[Alpha-Bet]

differing views are just that. the game is bagging pips.

I don't get a call from a counterparty informing that they are sorry that they just debited x amount of pips from my account.

 

[jack]

I don't get a call from a counterparty informing that they are sorry that they just debited x amount of pips from my account.

Sounds like a good Canadian regulation to put in place.

"Sorry", "No, I'm sorry."

 

[Piper]

**WARNING: Anecdotal evidence suggests this growth chart may "screw with your mind". Proceed with Caution!

Dude....
;D ;D ;D ;D ;D

Explanation of the above statement.If you have unrealistic expectation from a realistic environment( lets open a discussion if reality is real! >),it'll just screw with ur mind.

Add that to the op too

 

[the golden gun]

Dude....
;D ;D ;D ;D ;D

Explanation of the above statement.If you have unrealistic expectation from a realistic environment( lets open a discussion if reality is real! >),it'll just screw with ur mind.

Add that to the op too

I hope you appreciate the new changes. I really don't want to have to put any more distractions from the simplicity of the OP