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aliassmith wrote:GBPUSD. M5 CHART
In at the top line out near the arrow.
Double top, red closes below blue, get wicked in
I could of added but I didnt watch it close enough.
I have to throw some Forex in here
cheunt3 wrote:aliassmith wrote:GBPUSD. M5 CHART
In at the top line out near the arrow.
Double top, red closes below blue, get wicked in
I could of added but I didnt watch it close enough.
I have to throw some Forex in here
Multiple DTs, clear target.
I see you're not using squigglies in your chart. Tro is going to be happy
Very nice trade alias
alias15112021.png
give TRO an aneurysm. IgazI wrote:aliassmith wrote:aliassmith wrote:Thought I wouldn't post options here anymore
Beyond Meat again was nice.
Got a $87 call when price was at $80ish
Paid $0.68 for the option and exit at $1.30
It went up higher.
Can't complain about a 90% gain to much tho!
Tallying my fake YOLO account we are up to about $13k.
If you are YOLO when does it end?
When do you stop trading all or nothing?
At $30k you could switch to a margin account and be conservative.
You could show how big your "ballz" are and go to $1M
If you really like trading that way every time you hit "X" start overwith $1000 and do it again.
In my conservative account we are up about 49%. That is a good return, but maybe it is better to hit a goal then start over with a small account and YOLO each time. That changes the whole R/R way of thinking.
Turn $500 into $10k
Turn $1000 into $20k
.
.
Turn $5000 into $100k
Maybe I taught myself something. Ill have to research this more. It is possible MO mentioned something like this before and I wasn't listening? Sometimes I hate him
That's the plan: risk 5, 10, 20K (a 'risk box'), YOLO it into real money (totally personal) and then start over with a fresh stack:
if you have 200K then 10k is only 5%; it's not really a true 'YOLO'
aliassmith wrote:PSA:
There has probably never been a better time in my history to be involved in the financial markets.
*speeads are tighter
*commissions are lower
*volume is high
*volatility is good
Even tho you don't have to pay $100 round trip to get a lean hog contract a high percentage of you out there are not cut out for this business.
That being said. There is such a low barrier of entry these days you can learn for free or little money. Unfortunately this breeds a lot of get rich quick mentalities and grifters.
I believe if you are not on your feet financially then this business will be so much more difficult. I see the desperation in people all the time. They spend money on training and services that was needed to support their household.
These people see the guy wearing a tee shirt on youtube who made $300k from $500 and now they think anyone can do it. Many of those people on youtube are full of crap.
When it comes to forex there is a lot of info out there. You can get demo accounts free forever. You can test your skills on an FTMO demo for free this way you can't lie to yourself.
If you ever get to where you can make 2% or more a month consistently there is 5ers that has a starting package of $250ish and 6 months to meet your first target. They also have a $50ish boot camp you can train on for a year for accountability purposes or maybe you pass it and get $100k account.
There is a new place (Ment Funding) that also starts at $250ish and has unlimited time.
Don't trust me on this, do your own due diligence. Don't jump in the pool with bricks chained to your feet. Don't fall for the rags to riches BS. Come to this with clear thinking and a reality check. If you can't trade a fee demo account you can't trade a $100 account and you can't trade a $1M account
If anyone here has blown an account by risking to much or having poor money management lets hear about it. I have done this. Lack of Patience, Risking to much! Not planning for a Black Swan situation. How about desperation? EGO? Trying to be as good as MO? Not being realistic about your downside risk or just ignorant about it. How about not taking a profit because its going to the moon?
Lvup7 wrote:aliassmith wrote:PSA:
There has probably never been a better time in my history to be involved in the financial markets.
*speeads are tighter
*commissions are lower
*volume is high
*volatility is good
Even tho you don't have to pay $100 round trip to get a lean hog contract a high percentage of you out there are not cut out for this business.
That being said. There is such a low barrier of entry these days you can learn for free or little money. Unfortunately this breeds a lot of get rich quick mentalities and grifters.
I believe if you are not on your feet financially then this business will be so much more difficult. I see the desperation in people all the time. They spend money on training and services that was needed to support their household.
These people see the guy wearing a tee shirt on youtube who made $300k from $500 and now they think anyone can do it. Many of those people on youtube are full of crap.
When it comes to forex there is a lot of info out there. You can get demo accounts free forever. You can test your skills on an FTMO demo for free this way you can't lie to yourself.
If you ever get to where you can make 2% or more a month consistently there is 5ers that has a starting package of $250ish and 6 months to meet your first target. They also have a $50ish boot camp you can train on for a year for accountability purposes or maybe you pass it and get $100k account.
There is a new place (Ment Funding) that also starts at $250ish and has unlimited time.
Don't trust me on this, do your own due diligence. Don't jump in the pool with bricks chained to your feet. Don't fall for the rags to riches BS. Come to this with clear thinking and a reality check. If you can't trade a fee demo account you can't trade a $100 account and you can't trade a $1M account
If anyone here has blown an account by risking to much or having poor money management lets hear about it. I have done this. Lack of Patience, Risking to much! Not planning for a Black Swan situation. How about desperation? EGO? Trying to be as good as MO? Not being realistic about your downside risk or just ignorant about it. How about not taking a profit because its going to the moon?
Blown account[s] not due to poor money management, due to lack to knowledge loss after loss.. and just straight up EGO. Perfectionism. Holy grail syndrome for years. Changing methods after one loss, still believing going in the right direction. Always knowing more than anyone else. Immature really.
Desperation to escape mediocrity is a big one for many folks.
aliassmith wrote:IgazI wrote:aliassmith wrote:
Tallying my fake YOLO account we are up to about $13k.
If you are YOLO when does it end?
When do you stop trading all or nothing?
At $30k you could switch to a margin account and be conservative.
You could show how big your "ballz" are and go to $1M
If you really like trading that way every time you hit "X" start overwith $1000 and do it again.
In my conservative account we are up about 49%. That is a good return, but maybe it is better to hit a goal then start over with a small account and YOLO each time. That changes the whole R/R way of thinking.
Turn $500 into $10k
Turn $1000 into $20k
.
.
Turn $5000 into $100k
Maybe I taught myself something. Ill have to research this more. It is possible MO mentioned something like this before and I wasn't listening? Sometimes I hate him
That's the plan: risk 5, 10, 20K (a 'risk box'), YOLO it into real money (totally personal) and then start over with a fresh stack:
if you have 200K then 10k is only 5%; it's not really a true 'YOLO'
Yes at some point its not a true YOLO. Its more about the concept of it with an overall higher return on investment having predetermined entry value (risk box)and exit value, such as 10x or 20x.
In the end I may discover its only semantics.
aliassmith wrote:This shows that my timing was garbage.
Over 200% so far today. Ugh!
