Small Traders Dream Diary

Mar 06, 2013 at 07:55
4,404 Views
103 Replies
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 07:06
UPDATE

Gap Trade was closed so watching now comin up trades from supporting EA.
If they set T/P within next opened trades correctly the Gap EA will leave for now….
Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 07:34
UPDATE

This week the Dax30 can be awfull slow because of
running out March contracts….
Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 08:08
UPDATE

Closed both Short Orders manually.
Took off the Gap EA and will check Short re-buys for modifying T/Ps...
if they get modified Gap EA goes on 2nd Account then using USIndex Trading
Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 08:11
Actual pic...l




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 12:01
How Small Traders Think…
Today is 3rd Day of Trading and Account yet reached 6.25%, gives any Trader an Big Smile into his Face because of HIGH RISK!!!
Well, Small Traders run different. Havin just enough Money for starting trading their only chance of makin enough or at least some money is ride the risk. Mostly not knowing really the system, it´s behavior and real risk.
So what do you think what other choices they have? Time for studying systems… mostly not because of needing the money desperately.
Is $250 / €250 an amount which anyone can afford to trade with?
Is $250 / €250 an amount which anyone can afford to loose?
Most Small Traders would say Yes. But believe me, if you are trading Live, an real Money Account, every Penny which is in Red HURTS!!!
Anyway, is that amount worth to be traded with higher risk? Then, after a short time, risk will be reduced almost automatically?
Trading is sometimes like gambling, believe me. Systems and Indicators just telling how chart COULD go, not that he Will go…..
So what to do?
Small Trader, before you start trading, don’t dream only from getting rich, be aware of loosing ALL
Because the risk is with you….
Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 17:31
UPDATE

BEAUTIFUL
Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 13, 2013 at 19:56
UPDATE

Got 6% today, watta gain….
So lets resume. System is running like Schmidts Katze, really big Gain is comin in so
Some new traders would become Dollar signs in their eyes….
Well havin a few thoughts about comin up performance, yes, not bad at all. But do NOT
Dream about getting rich soon!!!!!
Market can take dreams away like nothing
So if the account doubles I will take out my invest. Investing new……. But this story will begin perhaps next month.
Be patient……..
Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 06:04
March, 14
Small Traders Dream Diary

Waitin for the start of the day…..
This is an special feature of CFD Trading / trading the Dax30. Market closes at 21:59pm Europe/Berlin Time and starts again next morning at 8:00am.
So if there were any news meantime, bad or good ones, will affect the chart right after the start of the day. That´s why it is important for me to have 2 T/Ps at the same time….
So let´s start today showin up The Jump In The Days Action Of $FX Dax30 AutoG System




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 07:12
was a small Jump....




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 08:19
UPDATE
About Risk…

Trading CFDs is risky because of market closes a few hours and you never know what is
Comin up until market will open again. So chart could jump like a roo in the morning….
Anyway, any trading is risky lets talk about this hedging and grid and martiangale stuff….
Any New Trader is fascinated about how quick gain can be made using a system like this.
New Traders do not have much time so they are lookin first at gain/time and not for consistency.
That’s why in here systems just showin tester results with billions of % have a lot of followers and
Most of them beg developer for the systemand ea….
Does this sound familiar to you? Yep, for me, because I know my start….
So I tell you that my system has 4 trades open, 3 shorts and one hedge long right now as chart goes up and…. Is about 12% in DD…
Chart is gone around 80 points now so this is high risk trading!!!
But……………………..
So starting phase of an system like this is always risky if you start with small money. If my account would
Have 10 times of balance I wouldn’t care about DD because this would be then 1.2% …..
Conclusion is there are several ways now infront if account balance grows. First, like I wrote yesterday, get your invest out so trading only with gain or… leave it in the account but stay with your lotsize. This will give you steady gain and DD will be reduced too…
If you are trading you need balls…..

Update
Meantime chart went up like Schmidts Katze again, DD around 20%....




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 08:24
Close Look

doyou think I have to be scared now?
well, think about ot, this is the Dax30, not FX.....

and notice the nice red lines on top and bottom?
T/Ps.......





so should I be scared?


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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 15:51
UPDATE

7.48% today.....uff
and DD went above 20% ...... uff
havin 4 Shorts and 2 Longs open right now so waiting which T/P chart will choose....




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 16:11
UPDATE

Price Chart made an decision...




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 16:26
not bad to have 2 T/Ps.....
awaiting charts next decision, he cant be wrong 😎



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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 14, 2013 at 16:51
UPDATE
As an Trader you have to make decisions, as an Small Trader too. So what do you see here?





Yep, nice Performance…no, outstanding performance and any good trader WILL tell you to watch out. When I remember my start I watched, yep, but only the performance, quick money bro, this is my money makin best friend, I´m rich soon and so on…..
If you start trading you have to choose a system, you have to choose how MM will be and further on stick to your risk or lower it if balance goes up….
Which points are New Traders able to follow?
I did say that the shown 22% DD are… uff…. means that I instantly set trades to max.5 with €300 account balance. Because I watched chart, my open trades, lots and so on. And for accounts health this was very needed. This makes the difference. If you are new you are just lookin to %%%% but believe me, if experience grows and years of tryin and testing are behind you with no speakeable results you get a look for things like this if you found an system worth to stick with….

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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 15, 2013 at 05:59
March, 15
Small Traders Dream Diary

Remembered my time when I started. Wakin up and starting the pc was so damn exciting because I started to trade with automated scalpers. So mostly they traded within the Asian Session and were still open when I went to bed so I was curious every morning to have a look into the account.
It runs like an choppy highway, balance went up and down down…. and up, and up, and DOWN….
These days I´m some kind of curious too but only if the chart moved, not really where he went. It doesn’t matter which style, which ea you trade, yes, MM is so important. As you start with small money risk is mostly high but to make some decent money its a must. Otherwise you can carry it to any bank for 3%......
So important thing is that you always trade with the money you can afford to loose!!! Damn, I don’t wanna know how much money I left in the market trading the holy grail…
Worst thing for me is the spended time for Nothing! Year for year you are dreaming first about makin a lot of money, then about makin money, then about to find a system which survives more than 6 months… and if you found it and went live it earthed your account short time later.
Trading is the hardest way of makin easy money….
Lets start the day with a jump in….




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 15, 2013 at 07:05
UPDATE

that´s what I call a Jump Start....




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 15, 2013 at 11:07
UPDATE
WAS A GREAT WEEK....

so because a couple of hours to go lets RELAX.....

Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 15, 2013 at 14:19
well, not too bad for goin into weekend...




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Geht Nich Gibt´s Nich
Member Since Mar 03, 2013   321 posts
Mar 15, 2013 at 15:58 (edited Mar 15, 2013 at 16:17)
GREED (R.I.P)
This is for ALL Small and NEW Traders about GREED…..

The worst thing what can happen to an trader is getting greedy…..
Note: if you ever have an good system you have to minimize risk if account grows…. NOT the other way around!!!!
There is NO Quick Rich Scheme for Traders, there is NO Holy Grail!!!
You can have luck trading with an high risk system during an rangin market and get nice gain… but beware, market WILL show you his real face one day …….
SO IF YOU EVER TRADE ANY GOOD SYSTEM, REDUCE RISK IF ACCOUNT BALANCE GROWS….
Believe me it will give you 1k of heart attacks when you see your margin goin down the drain, numbers goin red because of margin call soon, then goin up again, perhaps for days… and then…. Kabooom.
I HAD THAT TODAY!
 I had that over the last days!.
No, not my account, an clients account. He asked me last year if I would trade his account because he lost some money… this is the account from May. Remember, my $FX System trading the NU givin 5-10% p. month.
Well, seems this wasn’t much enough so he did put on another system at his account trading the EU an GU and yes, G&M System too but whole lot riskier. But many traders said this is the best of….
Well, using since November he was lucky, yep, some days were bad, balance went back a lot about 60%DD…. And yeah, his account growed like hell.
Take this for showin the performnce… look at the start, he lost a lot of money… then I traded for him starting in May last year. Then at November he did put another system on his account….




So have a look for December, January and February, this system was brutally forcing up his account balance…




And now see what Greed will bring you at the end………………………




Yes, he earthed his account…. TODAY…. From starting with $750 trading my system up to over 6k of account balance….GONE TODAY!!!!
So heres the Account Data for you…. Can you imagine what this would do in your mind?




R.I.P





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Geht Nich Gibt´s Nich
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