Observations so far indicate that, on average, who won the contest are those who are able to generate profits between 15 to 20 times a month. The highest record ever achieved is 40 times profit in a month and this only happens once just for me to observe a variety of trading contest in recent years.
But profit 40 times is a very rare, on average, who won the contests are only capable of 15-20 times a month profit trading.
Not only you are amazed with the acquisition of profit by it, I was too:)
Bagaimananya ya do? Indicators of what it is used? How it could profit by it? Those questions that always crossed my mind and I'm sure your course is the same as well:)
Taste-it seems to me unlikely this can be achieved. Especially during these trying trading result was always muddy and messy, how possibly could profit by it? No need 15-20 times, 1-2 times as much just enough hard as hell.
When you browse the various forums that exist on the Internet, the acquisition of profit more than 1 fold (or 100%) in a month is a fantastic thing. Most are located in the forum or that offer managed account services is able to generate profits between 5% to 30% in a month. That alone is quite remarkable and has been regarded as a great trader.
I have never met in any forum there are a trader who revealed that he was able to produce over 10-fold within a month. Information about this does not exist anywhere. Champions contest was always silent when asked how they could profit by it.
Well, how could profit by it if there is no any information? Confused is not it?
Begin I thought to myself, surely the champions are using an indicator of a "very powerful":) It might profit by it if not using a precision indicator
Finally began the hunt for the indicator "magic", all the indicators that are available on the internet do download and trial. However, after nearly 5,000 (five thousand!:)) Custom indicators tested, only then realizing that no single indicator of the precision and the "magic".
Desperate and confused, started to hit, how?
Until one day I read in a forum (forget which) which states:
"There is only 1 indicator in this world which will make perfect trading, look in the mirror and you will see it"
Who realize that the sentence is not the indicator of "magic" to make a major trading profitable, but how to market myself to understand the behavior and use of existing indicators.
Chart is actually a complicated puzzle, only one way to beat that train the brain, eyes and hands (for a mouse click:)) to solve the puzzles. How to do it? Brainwashing by looking at the chart again and again until eventually it slowly pattern that existed at the start seemingly puzzle.
Paradigm is tantamount to the question "Why Tiger Woods could be the golf championship when used the same stick with which we use?". Not because of his golf stick more "magic", but because he understood exactly how to use the stick.
Do not expect an understanding of market behavior or golf stick or indicator can be obtained only in a few months. It took me years to understand it. Therefore, in trading, trading experience under 5 years are still regarded as a newbie or just learning.
Therefore, if your trading experience is still below 5 years and still continued loss, chill out and should never despair because it is a reasonable proficiency level:)
Instil confidence remains in my heart that someday all try and be able to persevere through failure, the light will illuminate your mind and eventually be able to read the behavior of market
Here are the results of trials in demo trading this week:
Extraordinary is not it?
But actually no, there are many errors that occur. Entry exit is sometimes still too fast or too slow, no discipline with stop losses, misread the direction of the trend but luck finally be able to profit, and so forth. Still need more practice more so that the mistakes that occurred more minimal.
The next question that arises is usually a "powerful indicator of what is used"?
Naturally, because I always wondered was like that too:)
Who used only standard indicators. From the beginning I always liked to learn trading Stochastic, for some reason, perhaps because it uses two lines making it easier to read. Another indicator used is the MACD, Bollinger, and several lines Moving Average. Just that alone is used.
Conclusions obtained during trading, sometimes misleading indicator because it shows the wrong direction. That saves only the understanding of market behavior.
When you see the market trading as anticipated, you already know what to do.
Understanding of market behavior causes the direction of the trend is looming in the head, the direction now, where will the next. Therefore, when the indicator shows the direction that is misleading, will remain safe because the image of the existing market patterns in the head.
Chart was originally like a complicated puzzle, but once understood it will be known behavior pattern. These capabilities are owned by the contest champions, not because of the indicator "magic".
However, it should be understood that the trading system is a common indicator is personal. That is, do not continue because I use Stochatic then you follow it too. All indicators are the same, if you prefer to use MACD as a leading indicator, so use it alone.
Express your personality trading system, use it to suit your own personality and should never force myself to use that is not liked or understood.
I myself do not get along and do not like long term trading (except under conditions that take a long time trending). It was also just I know. Trading performance I did even better when trading using scalping, and out in no time.
For me, good trading is a way to minimize the risk was or was not to expose too long in the market. However, no one can predict the market accurately. With in and out in no time, then the market risk of a sudden U-turn can be further minimized.
In addition, longterm trading for me is very boring:) More comfortable in and out quickly because it requires constant concentration. Mathematical calculation is more profitable than the long term because scalping entry was swift exit when a reversal is taking place.
Instead of letting long term continuous wide-open entry in a long time and follow the retrace to the end profit targets can be achieved. The problem, if the alleged merely retrace but then it turns out that there is a trend reversal, then yes definitely, because the original entry will turn profit into loss:)
Therefore, find the right trading system according to the personality of each. Every person is different character, will surely have a different way as well.
Find out how it and never listen to others' opinions.
Trading is a personal, depending on the mindset and worldview each of which is by yourself is true. Let others argue the other, but still hold on to the way you have your own.
What if the means used was wrong?
Easy, you will understand by itself later on, because time will prove one point. And when that happens, then your perception will change by itself to abandon a wrong and then find the right one.
However, always make sure that the way it will survive and continuously profitable in the long run. Way of trading that can survive long term is still trading with risk measured but the result is maximum, not vice versa.
Professional traders instead of looking at profit, but tend to look at risk. In contrast to the layman, profitlah the objectives. Familiarize yourself to be able to measure risks, eventually profits will automatically follow. If trading is only profit-oriented, does not measure risk, and coupled with a blind way, then the name is not trading, but gambling:)
Gambling fully rely on luck, could have obtained profit. But just try doing something like that a few months, of course, luck will not always follow:)
As noted above, the time that would later prove.
In trading, the belief in yourself is very important. Therefore you should never listen to others' opinions. Analyze and decide for yourself, even if later one but you will learn from those mistakes.
"Keep your own counsel, avoid gurus.
Jesse Livermore viewed trading as a "lone-wolf" business, and it is.
Learn to read the market and make your own decisions."
Five Trading "Don’ts" and What to Do About Them
Let us consider together how great the potential of forex trading below:
Each day can produce 141% profit, and if this performance continues and never experienced loss in a month then the profit is estimated to reach 40 times or 4019%. Although it was once at the beginning of the trading loss that occurs 56% drawdown, but able to recover and produce a 709% profit in a trading week.
Well, it could quickly become billionaires about this:)
Look how big the potential forex, capital of five thousand a week can be converted to 40 thousand. But to do things like this entry-exit capability required very accurate.
Due to such a large profit, use a large number of lots as well, which if it turns out one entry exit then the consequences would be fatal, capital and profits obtained before will instantly disappear instantly. Surely in a live trading using money truth, something like this should be avoided because the risk is very high.
Forex is not a quick way to get rich, but gradually will become rich. The principle of trading is right is coumpounding, gathering little by little over time into a hill.
Imagine if the trading week with a capital of 5000 and each week could result in 1-2 fold alone is more than enough. Imagine if every week can produce 50-10 thousand dollars, or about 45 million to 90 million rupiah, then the director's salary in a month was lost:)
Tube just a little profit and use for their daily needs, of course 1-2 years later you will become rich. Rather than forcing trading to achieve 20-fold, and so there is only one entry only once, the entire capital and profits vanish instantly.
The main principle of trading is compounding, which can be obtained only by a consistent manner that is capable of continuous profit in the long run. Acquired skills by practicing in advance consistency in the demo, and then move to live trading when it proved to be consistent.
Do not ever think demos and live differently, both are the same. So if you have not been able to consistently profit in the demo, it was clear in the live trading will be more severe. Live trading is more demanding because of the emotional maturity of psychological pressure and stress levels are higher due to the realization that the money used is truth.
More efficient practice on a demo earlier than force myself live trading.
Hopefully this can remove the curiosity of how to contest champions earn a fantastic profit.
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