Filthy Rich for Dirt Cheap - Ajaymein

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

The_Pin
rank: <50 posts
rank: <50 posts
Posts: 11
Joined: Tue Oct 06, 2009 7:26 am
Reputation: 0
Gender: Male

Postby The_Pin » Fri Nov 19, 2010 9:39 pm

Hi. I don`t want to judge you Ajaymein but your 2 last posts are full of emotions. I understand your enthusiasm about being a winner for a day. However can you change your trade plan after one good day?
Everyone make mistakes and with that high leverage one failer may blow your account.

Regards

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Fri Nov 19, 2010 9:44 pm

The_Pin wrote:Hi. I don`t want to judge you Ajaymein but your 2 last posts are full of emotions. I understand your enthusiasm about being a winner for a day. However can you change your trade plan after one good day?
Everyone make mistakes and with that high leverage one failer may blow your account.

Regards


That is the one and ONLY aspect of my trading I have yet to perfect, is emotions! But, I've been pretty successful past few months...and using my max 20 pip SL, its all groovy.

I'm hardly worried about blowing this account though. The ONLY thing I am slightly concerned about is my reasoning abilities when my account gets to $10,000+, which is why I created this thread to keep me in line and keep a journal so I don't do anything "off the books" :wink:

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Fri Nov 19, 2010 10:52 pm

At the end of the week, I always go back and review all the opportunities the week offered to get a feel for what I missed, took, and made a mistake on. I just came across a HUGE critical error that CANNOT happen again.

The trade below I took and got stopped out like 8 pips I think.

Image

I saw the momo bar up, but refused to close and reverse my position. The critical error I made was the entry was in DIRECT CONFLICT with my entry rules of trading with MOMENTUM, particularly on D1 and H4. This setup was exiting my H4 MOMO zone so was an IDEAL long, but because I was in the short, my brain refused to read what price was doing while my trading plan was SCREAMING LONG.

Image

This will NOT happen again.

EDIT: I just realized I jumped on the short bc I was trying to hitch a ride on the H1 MOMO from distraction of the small H1 chart, while H4 zone was screaming LONG. Going to add H4 to the side to avoid this happening again in the future.

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 1667
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 21
Gender: Male

Postby aliassmith » Sat Nov 20, 2010 3:14 pm

ajaymein wrote:
es/pip wrote:nice day 8)


If I did what I did today for 15 days, I would be a millionaire..... Dolar_Smile

How unrealistic is that LOL!.....or is it :shock:


Just a word of caution, es/pip and I both got into a "funk" when we put our
superman capes on and thought we had to get a certain percentage
a day or perform a certain way. The pressure clouds the mind!

Also my aggressive pushing has to do with building a low risk profit cushion
and then taking 25:1 and 50:1 trades.

Regardless I have to give you a big thumbs up on your performance. You
may be another es/pip in the making. :)
Trade Your Way as Long as It Makes Money!

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1032
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 0
Gender: None specified
Contact:

Postby bredin » Sat Nov 20, 2010 11:48 pm

I second aliassmiths caution:

The Market Gives what it Gives, and some days its not very giving ;)

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Sun Nov 21, 2010 11:31 pm

Thank you aliassmith and bredin for your words of advice. Any criticism or words of caution to what I am doing is welcomed with open arms, and even encouraged! It really helps you see flaws and holes you MAY have in your system/psychological thought process that you have yet to discover.

I'm ready for a PImPING week. 8)

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Mon Nov 22, 2010 1:43 pm

Got a quick trade for +10...got to drop some family off at the airport so won't be back until evening. Will post trade and update then.

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Mon Nov 22, 2010 7:59 pm

Trade #1 took early morning and trade #2 took on the road for a quick scalp. Around +20ish total

Image

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Mon Nov 22, 2010 8:51 pm

Current trade.

Image

EDIT: After closing BE, decided not to enter until around 1.36 on lower momo bar
Last edited by ajaymein on Mon Nov 22, 2010 9:43 pm, edited 1 time in total.

User avatar
ajaymein
rank: 500+ posts
rank: 500+ posts
Posts: 885
Joined: Sun Nov 09, 2008 6:34 am
Reputation: 0
Gender: None specified

Postby ajaymein » Mon Nov 22, 2010 9:02 pm

EXIT BE. Waiting for better price.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”