Aliassmith Beats a "Dead Horse"

[prochargedmopar]

Ole' ICT teaching some good stuff in free vids on youtube,
Eh?

[aliassmith]

Ole' ICT teaching some good stuff in free vids on youtube,
Eh?

He does but there is way to much of Im the only one that knows this. I never taught everthing. People are stealing my stuff. The mentorship group blah blah blah.

Get to the point sometimes ICT!

[prochargedmopar]

Ole' ICT teaching some good stuff in free vids on youtube,
Eh?

He does but there is way to much of Im the only one that knows this. I never taught everthing. People are stealing my stuff. The mentorship group blah blah blah.

Get to the point sometimes ICT!

Yup,
Can't have a very big of an ego to watch his vids.
I know a few that despise him and throw the baby out with the bath water.

Easy to ignore for me.
It's Zlines with a twist.

[aliassmith]

Ole' ICT teaching some good stuff in free vids on youtube,
Eh?

He does but there is way to much of Im the only one that knows this. I never taught everthing. People are stealing my stuff. The mentorship group blah blah blah.

Get to the point sometimes ICT!

Yup,
Can't have a very big of an ego to watch his vids.
I know a few that despise him and throw the baby out with the bath water.

Easy to ignore for me.
It's Zlines with a twist.

I see value in things he teaches. He is for sure "different". I really can't get behind his market conspiracy. I belive there is a collective group behavior that creates what we see.

[aliassmith]

"Your Rich Uncle" A thought experiment

Your Rich Uncle James came to your family Christmas party where you also happened to be attending.
He came over to the punch bowl where you was standing and said " Hey Buddy Merry Christmas, how are ya doing?"

You tell him you are doing well and you have been busy with work, family, and building your investment business.

He said "That's good to hear buddy, I heard about your business. I understand you are a pretty good trader, but
you are under capitalized for your venture."

You told him he is correct and being under capitalized makes everything harder.

He said "Well buddy we should talk later. I have an idea that you might be interested in. How about you come to my office and we can discuss the idea?"

To be continued...

You meet with Rich Uncle James at his office.

He Said " How about we get straight to it? I have a good understanding of what you do but tell me your stats and I'll tell you my idea."

You tell him that you can make 600% in a year.

He said "Hold up buddy, that's not your stats! Here is the information I need"

***Win rate - percentage of wins/total trades
***Total trades - Number of trades per month
***RR - Reward Risk Ratio, how much you make on a trade/how much you could lose.

You tell him that you have that information and tell him.

My Win rate is - 65%
My Total trades per month is - 30
My RR is - 1.5

He said "Thanks, that's what I am look for. I'll give this to my stats guy. It will take a few minutes"

To be Continued

The stat guy comes back and talks with Rich Uncle James.

After a few minutes Rich Uncle James turns to speak with you.

He said "Nice buddy, this data looks good. We ran it through some simulations and because you have hundreds of trades in this data we got some solid results"

He continues "I'll share my idea with you. I am willing to fund your business, but I am a conservative business man and very particular about my money. Here is the plan. I will fund you with $10,000 so you can prove your business model. Since we are partners you will also put up $400 of your own money .
Here is your guide lines:
You start with the $10,000 - with every increase of 10% I will double your funds up to $1,200,000
Profits will be took out at the end of every month and we will split it 50/50
You will have a max of 5:1 leverage
You will have a max relative drawdown of 4%- this means 4% lower than your high water mark in your account.
You will also have a -1.5% max stop loss risk per trade.

He said "Now that you know the idea, I want you to go home and think about if you can do it, or if you want to. I told you I am particular about my money, but I think we can make some cash together."

You head home and think about what was present to you.

to be continued

Now you are back at home thinking about what a penny pincher Rich Uncle James is..

I dont understand why he just doesn't give me the money and let me do my thing.

Well he is a smart man. He has people to lean on. Maybe he knows something I'm not seeing.

I know my trading has a positive expectation but if I risk 4% and lose 1 time I am out.

I cant risk 2 or 3 percent because I can only lose 1 time in a row.

I better run my stats through an equity simulation to get a better picture.

Uncle Scrooge must be out of his mind. To safely stay within his guidelines I will have to trade .4% risk per trade.

The simulation also told me at that risk I can expect between 5 and 10% return per month.

So 10% in two months could double my funds. In about a year I'll have $1.2million to manage.

At my return range per month on $1.2million I would split $60,000 to $120,000 per month with him.

I can take a lot of the profit and put it in a separate account and trade that one however I want.

Now a days there are rich uncles out there and in about 12 months you could make $20,000 a month maybe more, maybe less.

Easier than trying high risk account flipping in my opinion.

Step one have positive stats
Step two "proper " capitalization

[prochargedmopar]

I was a MightyOne deciple of the Z-lines and had/have success with those teachings.

BUT, compare these 2 pics.

Hmm interesting
London/UK overlap

The turning points for a wick and a True ZL could be huge on h4/Daily/Weekly charts.
It may even be the difference between 1R and 3R, OR a SL being hit.

EU5.JPG (36.66 KiB) Viewed 1811 times

[prochargedmopar]

You meet with Rich Uncle James at his office.

He Said " How about we get straight to it? I have a good understanding of what you do but tell me your stats and I'll tell you my idea."

You tell him that you can make 600% in a year.

He said "Hold up buddy, that's not your stats! Here is the information I need"

***Win rate - percentage of wins/total trades
***Total trades - Number of trades per month
***RR - Reward Risk Ratio, how much you make on a trade/how much you could lose.

You tell him that you have that information and tell him.

My Win rate is - 65%
My Total trades per month is - 30
My RR is - 1.5

He said "Thanks, that's what I am look for. I'll give this to my stats guy. It will take a few minutes"

To be Continued

The stat guy comes back and talks with Rich Uncle James.

After a few minutes Rich Uncle James turns to speak with you.

He said "Nice buddy, this data looks good. We ran it through some simulations and because you have hundreds of trades in this data we got some solid results"

He continues "I'll share my idea with you. I am willing to fund your business, but I am a conservative business man and very particular about my money. Here is the plan. I will fund you with $10,000 so you can prove your business model. Since we are partners you will also put up $400 of your own money .
Here is your guide lines:
You start with the $10,000 - with every increase of 10% I will double your funds up to $1,200,000
Profits will be took out at the end of every month and we will split it 50/50
You will have a max of 5:1 leverage
You will have a max relative drawdown of 4%- this means 4% lower than your high water mark in your account.
You will also have a -1.5% max stop loss risk per trade.

He said "Now that you know the idea, I want you to go home and think about if you can do it, or if you want to. I told you I am particular about my money, but I think we can make some cash together."

You head home and think about what was present to you.

to be continued

Now you are back at home thinking about what a penny pincher Rich Uncle James is..

I dont understand why he just doesn't give me the money and let me do my thing.

Well he is a smart man. He has people to lean on. Maybe he knows something I'm not seeing.

I know my trading has a positive expectation but if I risk 4% and lose 1 time I am out.

I cant risk 2 or 3 percent because I can only lose 1 time in a row.

I better run my stats through an equity simulation to get a better picture.

Uncle Scrooge must be out of his mind. To safely stay within his guidelines I will have to trade .4% risk per trade.

The simulation also told me at that risk I can expect between 5 and 10% return per month.

So 10% in two months could double my funds. In about a year I'll have $1.2million to manage.

At my return range per month on $1.2million I would split $60,000 to $120,000 per month with him.

I can take a lot of the profit and put it in a separate account and trade that one however I want.

Now a days there are rich uncles out there and in about 12 months you could make $20,000 a month maybe more, maybe less.

Easier than trying high risk account flipping in my opinion.

Step one have positive stats
Step two "proper " capitalization

This Dudes better off starting with $500 and telling his "Rich Uncle" to piss up a rope.
Gonna give a high % of it to the Government anyway so NO reason to have more fingers in the till than necessary.
What's the rush to millions anyway?

[aliassmith]

The stat guy comes back and talks with Rich Uncle James.

After a few minutes Rich Uncle James turns to speak with you.

He said "Nice buddy, this data looks good. We ran it through some simulations and because you have hundreds of trades in this data we got some solid results"

He continues "I'll share my idea with you. I am willing to fund your business, but I am a conservative business man and very particular about my money. Here is the plan. I will fund you with $10,000 so you can prove your business model. Since we are partners you will also put up $400 of your own money .
Here is your guide lines:
You start with the $10,000 - with every increase of 10% I will double your funds up to $1,200,000
Profits will be took out at the end of every month and we will split it 50/50
You will have a max of 5:1 leverage
You will have a max relative drawdown of 4%- this means 4% lower than your high water mark in your account.
You will also have a -1.5% max stop loss risk per trade.

He said "Now that you know the idea, I want you to go home and think about if you can do it, or if you want to. I told you I am particular about my money, but I think we can make some cash together."

You head home and think about what was present to you.

to be continued

Now you are back at home thinking about what a penny pincher Rich Uncle James is..

I dont understand why he just doesn't give me the money and let me do my thing.

Well he is a smart man. He has people to lean on. Maybe he knows something I'm not seeing.

I know my trading has a positive expectation but if I risk 4% and lose 1 time I am out.

I cant risk 2 or 3 percent because I can only lose 1 time in a row.

I better run my stats through an equity simulation to get a better picture.

Uncle Scrooge must be out of his mind. To safely stay within his guidelines I will have to trade .4% risk per trade.

The simulation also told me at that risk I can expect between 5 and 10% return per month.

So 10% in two months could double my funds. In about a year I'll have $1.2million to manage.

At my return range per month on $1.2million I would split $60,000 to $120,000 per month with him.

I can take a lot of the profit and put it in a separate account and trade that one however I want.

Now a days there are rich uncles out there and in about 12 months you could make $20,000 a month maybe more, maybe less.

Easier than trying high risk account flipping in my opinion.

Step one have positive stats
Step two "proper " capitalization

This Dudes better off starting with $500 and telling his "Rich Uncle" to piss up a rope.
Gonna give a high % of it to the Government anyway so NO reason to have more fingers in the till than necessary.
What's the rush to millions anyway?

I would rather get half of 100% a year on $1,200,000 than struggle with a $500 high risk account.

Average 16R a month and make about $600,000 a year.

Less chance of blowing up
Less stress on execution
More predictable
With the high profits you can start a large personal account for backup.

Only my opinions based on my experiences.

[aliassmith]

I was a MightyOne deciple of the Z-lines and had/have success with those teachings.

BUT, compare these 2 pics.

Hmm interesting
London/UK overlap

The turning points for a wick and a True ZL could be huge on h4/Daily/Weekly charts.
It may even be the difference between 1R and 3R, OR a SL being hit.

EU5.JPG

Could also be entered in conjunction with the H1 for 15R trades.

[prochargedmopar]

Now you are back at home thinking about what a penny pincher Rich Uncle James is..

I dont understand why he just doesn't give me the money and let me do my thing.

Well he is a smart man. He has people to lean on. Maybe he knows something I'm not seeing.

I know my trading has a positive expectation but if I risk 4% and lose 1 time I am out.

I cant risk 2 or 3 percent because I can only lose 1 time in a row.

I better run my stats through an equity simulation to get a better picture.

Uncle Scrooge must be out of his mind. To safely stay within his guidelines I will have to trade .4% risk per trade.

The simulation also told me at that risk I can expect between 5 and 10% return per month.

So 10% in two months could double my funds. In about a year I'll have $1.2million to manage.

At my return range per month on $1.2million I would split $60,000 to $120,000 per month with him.

I can take a lot of the profit and put it in a separate account and trade that one however I want.

Now a days there are rich uncles out there and in about 12 months you could make $20,000 a month maybe more, maybe less.

Easier than trying high risk account flipping in my opinion.

Step one have positive stats
Step two "proper " capitalization

This Dudes better off starting with $500 and telling his "Rich Uncle" to piss up a rope.
Gonna give a high % of it to the Government anyway so NO reason to have more fingers in the till than necessary.
What's the rush to millions anyway?

I would rather get half of 100% a year on $1,200,000 than struggle with a $500 high risk account.

Average 16R a month and make about $600,000 a year.

Less chance of blowing up
Less stress on execution
More predictable
With the high profits you can start a large personal account for backup.

Only my opinions based on my experiences.

So why do people think that just because a guy has $500 account that HIGH risk is required.
Even with your 1% or less risk a trade it gets outa hand real quick.
Especially with a dead horse in the mix.

Was this dude starving? Need food or place to live for his kids?
I say take a couple years and let it grow.
More satisfaction in the end.