Aliassmith Beats a "Dead Horse"

[aliassmith]

Sometimes you can get 20 pips for the week in one trade.

Yikes,
That was a perfect setup.

I didn't ride that whole move. Just showing some moves that happen all the time where you can get 1 % a week.

[dojirock]

I still read the threads every week! I dont post much due to I really cant say anything that hasnt been said dozens of times. But I still enjoy the forum.

[aliassmith]

I still read the threads every week! I dont post much due to I really cant say anything that hasnt been said dozens of times. But I still enjoy the forum.

Technically you aren't "legally" allowed to post financial information, are you?

Well I'm still around for now. I'm ones of those suckers in a long line of them who has tried to help PRO. I feel like I'm on one of those low budget "reality" shows.

Maybe, just maybe, trying to help him helps someone else

[aliassmith]

With all the fun stats previously mentioned it boils down to a measly 20 pips per week to make 1%

How is that?

Trading the EURUSD on the 5m chart you can use .5 lot or $5 a pip. You will risk about $20 per trade with a goal of making 20 pips in a week.

A week not per day!
We are trying to under achieve
No stress you can laugh at your $20 loss or .2% loss.

So you are underachieving and you are making your goal of 1% per WEEK.

Now what?
Because you invested $450 in yourself your account will earn you $300 in 6 week and increase to $40,000.

Making 1% a week, with everyone laughing at you because you can only make 1% per week, in 10 more weeks you earn $2000 and your account increases to $80,000

Getting mocked by every single youtuber and forum guru because you only make 1% a WEEK you keep going and in 10 more weeks you make $4000 and your account increases to $160,000.

Something is going on.
You just made $400 a week on average.
But how is that possible?
Everyone laughs at you becuse you only make 1% a week.

TBC...

There were so many posts in between, so where were we?

Oh yes you are making a measly 1% a week.
Your account is at $160,000
You just averaged $400/week

Well continue on sucking at this trading thing and make that 1% a week for 10 more weeks.

What happened?
You made $8000 (avg. $800/week)
Your account magically increases to $320,000

I hope you understand I've been sarcastic this whole time. Making 1% a week is good.

I don't care what these fake gurus say. The real problem is that these big dogs and fake gurus are saying you should be making 25% a week. I call BS, if you are making 50% a year trading for yourself then you are successful.

You don't have to be an account flipper.

Hopefully now you are seeing a path to some decent loot making 1% a week.

Next post we will see where this journey ends

TBC....

[prochargedmopar]

I still read the threads every week! I dont post much due to I really cant say anything that hasnt been said dozens of times. But I still enjoy the forum.

I was going to say, before alias beat me to it, that Jerry Springer was fairly entertaining in the beginning.
But after a while.... Meh.

[aliassmith]

I still read the threads every week! I dont post much due to I really cant say anything that hasnt been said dozens of times. But I still enjoy the forum.

I was going to say, before alias beat me to it, that Jerry Springer was fairly entertaining in the beginning.
But after a while.... Meh.

I swear I won't rage quit like es/pips, but I will admit you made me pull out some of my hair.

[cheunt3]

Key word, "CAN".

I thought after 3 mo. "I'd be rolling in the dough" looking at the #'s scientifically.
i thought after 5 yrs, "Ok, I've put in the time of a college grad. time to make my first $500k"
I thought after a decade. "I can still make more than a doctor easy, just do this ONE thing".
I thought after 13 yrs. "ok, now. "I'll practice this IOF Entry drill via the FVG for 3-6 mo. and it's a go"

You simply do not understand the power of the human psyche OR the genetic fear that is instilled in others from birth.
Something is amiss for people like the Zline guy. (dude from russia or where ever and had the zline thread) A total failure no matter what he touched.
In life and in the charts. I think he was an artist though.

Something has got to GIVE.
Some of us will NEVER quit.
Some may never succeed either, but won't know until they close the coffin.

If you only look at your post you will know why you fail. Many people have told you. You always pull the ego, the victim, the woe is me, card.

I've seen it for the last 14 years or what ever. The guy is/was luca I believe. He had the same woe is me mentality.

I bet a guy a few years back, that if he surrendered to my teachings he can make money trading currencies. All he did was what I told him nothing more nothing less.

I think you have an internal fear of being successful or failure and you continue to deflect from doing the positive actions.

There is definitely some self sabotage going on.
Yup, I'm afraid to be wrong, even if there is NO money on the line.

Also, I don't need to make a penny and really do enjoy my current lifestyle.
Another dad gum 2 week "vacation" trip coming up Tue.

I could use a few more race car parts or some turbo truck upgrades but I already have so many new parts stacked up in the garage that are not being put to use it's rather ridiculous.

Something that made great sense I read recently was Buffet's 25:5 rule.
Your 50/reset rule I'm sure will work well too.

In the meantime let me go back to this:

Can I suggest that you listen to what Alias said which is to practise being wrong. If you're afraid to be wrong then the problem is right there in your face, don't run from being wrong, accept wrong as part of the game, just embrace it. What helped me from trying to be perfect was a journo, jot down, before, in the middle of, and after a trade. I think I wrote down about 130 entries before it really took it in my feelings. Include everything from racing heart, anger, frustration, blushes etc... helped me a lot.

I am a doer which means I try to solve problems on the fly probably because I was constantly moving in a fast paced restaurant from when I was eight helping my dad in the kitchen. It's very satisfying completing small tasks like boxing things up, cooking the food, prepping food, banter with the customers to keep them happy and when I first started trading I was fascinated with scalping like ES, Doji, Alias, Tro, because I thought it suited my 'doing' personality. After a decade of trying it and trying to copy them, I wasn't profitable at all.

Now, I am stacking (accumulation and distribution) like a madman with MO's eights idea. You make money by taking size from a long term extreme and hold on a large chart. But get this, you have 7 trades to get it right and then you're out. 7 losses with the same starting risk. How unlucky can you be be have 7 losses in a row, it's almost impossible, right?

This method has made me sit my arse down and plan and stop doing and going off tangent. I stacked last week on the m30 and h4 and this week sat on my hands for the last four days not doing anything apart from glancing at my position based on a daily. I am so relax it pretty ridiculous compared to before.

Point I am making is trying to imitate another trader is a waste of time. I see the dazzle, grabbing a few pips here and there, consistently, daily, flashy, looks easy but you need to do it day in and day out for it to pay out well like they are doing it. And they are. BUT, imo it is not for everyone. Maybe it isn't for you Pro?

[dojirock]

Going along with the 1 or 2 percent per week discussion. Ponder on this... trading with no commissions? Equities....... commission free... I started a equity account through Tradestation in January. My only limitation is the 3 day trade rule until the account reaches 25k, so it limits or prevents me from over trading... slow and steady, keeping the pace will have its rewards. Master the basics... compartmentalize your losses (takes practice), meaning don't carry that loss mentally into your next trade. On the opposite side of the spectrum when you win, don't change a thing, don't think you have become invincible, the market will win during those times. I'm posting these historical trades to show the moves are not huge. I'm only buying a few shares. As the account grows the ONLY THING I WILL CHANGE IN MY TRADING is the number of shares. 24 months of discipline will get me to the finish line on this strat.

Screenshot 2021-04-24 111926.jpg (173.42 KiB) Viewed 1771 times

doji
ps.. Mo, I know you its a matter of time till you drop in... SAY HELLO!!

[dojirock]

sorry, forgot the trades...

Screenshot 2021-04-24 113404.jpg (182.17 KiB) Viewed 1773 times

Screenshot 2021-04-24 113425.jpg (157.56 KiB) Viewed 1773 times

doji

[dojirock]

Best part COMMISSION FREE!
doji