Sweevil96 trader's profile
Sweevil96
Info
| Nombre | Sweevil96 |
Bio:
I am an algorithm / quant trader focused in the forex market.
I trade for hedge funds and a large variety of investors.
I also mentor traders and am active in making the trading community better for everyone.
Myfxbook is a great way to verify and prove trading ability, and certainly something every legitimate trader should use to prove their trading ability.
If you're looking to learn more about trading or ever need anything, feel free to message me. Happy to help as best I can.
Cheers and best wishes to you all!
I trade for hedge funds and a large variety of investors.
I also mentor traders and am active in making the trading community better for everyone.
Myfxbook is a great way to verify and prove trading ability, and certainly something every legitimate trader should use to prove their trading ability.
If you're looking to learn more about trading or ever need anything, feel free to message me. Happy to help as best I can.
Cheers and best wishes to you all!
Estilo de trading:
Algorithmic / quant based trading.
My trading is all algorithmic and is tested with real tick data going back to the year 2000.
I also test across more than 13 brokers of real tick data.
Success in trading is based on stats and math above all else, and that's fully what I employ and focus on.
My trading is all algorithmic and is tested with real tick data going back to the year 2000.
I also test across more than 13 brokers of real tick data.
Success in trading is based on stats and math above all else, and that's fully what I employ and focus on.
Lema:
Statistics and Trading Psychology are the keys to massive trading success.
| Experiencia | Más de 5 años |
| Ubicación |
| Patrocinadores | 0 |
| Inscrito | Nov 09, 2020 at 23:26 |
| Usuarios bloqueados | 0 |
en Sweevil96 feed
May 24, 2023 at 14:11
en Sweevil96 feed
May 09, 2023 at 14:26
en Sweevil96 feed
May 05, 2023 at 15:03
en Sweevil96 feed
May 03, 2023 at 19:45
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Systems by Sweevil96
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Sweevil96
May 24, 2023 at 14:11
The trades you don’t take are the ones that really make you rich.
I find that most new traders get into too many trades and rarely have the problem of too few trades.
They tend to see every trade as an opportunity to make money and rarely go into trades understanding the downside and risks.
Avoiding the bad trades is incredibly important for success in the markets. Now, any good system will take losses. But, losses are not bad trades. Bad trades are trades taken that don’t follow the rules of your edge.
Always have a well tested edge and always stick to it.
Ultimately the bad trades you don’t take are an integral part of you growing wealthy trading the markets.
Thanks for reading!
Have a great day!
Cheers! 🥂
:)))))))))))))))))))))
I find that most new traders get into too many trades and rarely have the problem of too few trades.
They tend to see every trade as an opportunity to make money and rarely go into trades understanding the downside and risks.
Avoiding the bad trades is incredibly important for success in the markets. Now, any good system will take losses. But, losses are not bad trades. Bad trades are trades taken that don’t follow the rules of your edge.
Always have a well tested edge and always stick to it.
Ultimately the bad trades you don’t take are an integral part of you growing wealthy trading the markets.
Thanks for reading!
Have a great day!
Cheers! 🥂
:)))))))))))))))))))))
Sweevil96
May 09, 2023 at 14:26
Why worry? It’ll probably never happen.
I find it interesting how many people don’t do what would make them happy because they worry about things that have next to no chance of happening.
They think things like, “I’ll develop my top trading strategy, then nuclear war will break out, my portfolio will go to zero, and I’ll have wasted my time and effort when I could have been stock piling toilet paper.”
For some reason fear gets them so much that they don’t do anything at all.
Here’s a test to see if something is really fear or if it’s rationality.
If you feel certain of a bad outcome then consider how you could profit off it. If it’s fear it’ll tell you why you can’t win no matter what. If it’s rationality then you’ll get good ideas on how to profit off the situation.
For example, if toilet paper apocalypse guy in the previous example was really sure that the apocalypse was right around the corner, he’d see value in stock piling toilet paper to sell at 80 times its current value when the apocalypse comes.
But of course he’s really just feeling fear, not rationality. So if he thinks about storing toilet paper, fear will tell him why that won’t work either.
Once you realize that fear will always make you worry and is not wisdom then it’s easy to push past it.
So why worry? It’ll probably never happen.
I find it interesting how many people don’t do what would make them happy because they worry about things that have next to no chance of happening.
They think things like, “I’ll develop my top trading strategy, then nuclear war will break out, my portfolio will go to zero, and I’ll have wasted my time and effort when I could have been stock piling toilet paper.”
For some reason fear gets them so much that they don’t do anything at all.
Here’s a test to see if something is really fear or if it’s rationality.
If you feel certain of a bad outcome then consider how you could profit off it. If it’s fear it’ll tell you why you can’t win no matter what. If it’s rationality then you’ll get good ideas on how to profit off the situation.
For example, if toilet paper apocalypse guy in the previous example was really sure that the apocalypse was right around the corner, he’d see value in stock piling toilet paper to sell at 80 times its current value when the apocalypse comes.
But of course he’s really just feeling fear, not rationality. So if he thinks about storing toilet paper, fear will tell him why that won’t work either.
Once you realize that fear will always make you worry and is not wisdom then it’s easy to push past it.
So why worry? It’ll probably never happen.
Sweevil96
May 05, 2023 at 15:03
It’s very important to learn before you try to earn.
I meet people everyday who are in a rush to earn, but really don’t want to learn. This never makes sense to me personally. If you want to earn the high salary of a doctor or a professional athlete, getting those high end positions isn’t an overnight process. Yet, many people think successful trading is an overnight process.
This is likely because trading looks easy and you don’t have to be a great trader to put on a winning trade. However, you do have to be a great trader to consistently win. The approach many people tend to use is to start trading purely based on emotions, then when they lose, to switch to trying to know what the market will do and trade accordingly to conquer the market. They look to learn about the market, but rarely about the true nature of trading.
Instead, it’s best to learn about what trading actually is and how it actually works. To see that you can’t know what millions of people are doing and thinking, but you can use probabilities to predict what they will likely do, and utilize an edge to win more trades then you lose, and thus become a consistent winner.
Yet, many wish simply to earn and not to learn. They want to trade themselves instead of hiring a professional to trade for them, yet don’t want to learn how to properly create a winning trading system and refine their trading edge.
Luckily some people do look to learn and then they truly do earn. Trading can make you fabulously rich, but only if you truly do learn before trying to earn.
Learn, then earn!
Thanks for reading!
Have a great day!
Cheers!
:)))))))))))))))))))))))))))
I meet people everyday who are in a rush to earn, but really don’t want to learn. This never makes sense to me personally. If you want to earn the high salary of a doctor or a professional athlete, getting those high end positions isn’t an overnight process. Yet, many people think successful trading is an overnight process.
This is likely because trading looks easy and you don’t have to be a great trader to put on a winning trade. However, you do have to be a great trader to consistently win. The approach many people tend to use is to start trading purely based on emotions, then when they lose, to switch to trying to know what the market will do and trade accordingly to conquer the market. They look to learn about the market, but rarely about the true nature of trading.
Instead, it’s best to learn about what trading actually is and how it actually works. To see that you can’t know what millions of people are doing and thinking, but you can use probabilities to predict what they will likely do, and utilize an edge to win more trades then you lose, and thus become a consistent winner.
Yet, many wish simply to earn and not to learn. They want to trade themselves instead of hiring a professional to trade for them, yet don’t want to learn how to properly create a winning trading system and refine their trading edge.
Luckily some people do look to learn and then they truly do earn. Trading can make you fabulously rich, but only if you truly do learn before trying to earn.
Learn, then earn!
Thanks for reading!
Have a great day!
Cheers!
:)))))))))))))))))))))))))))
Sweevil96
May 03, 2023 at 19:45
Refining an edge is a massive key to success in trading.
Most traders I meet have an edge, but they rarely have a well tested and well refined edge.
To me, it’s best to have an edge that has:
-1: Been backtested back at least 15 years on real broker tick data.
-2: Been forward tested at least 6 months in the live market.
-3: Been comparative backtested.
Each of these is a key component to the statistical validity of a trading edge.
Now, there are methods like Price Action that are hard to, if not impossible to, backtest. In these cases, forward testing is the only good option.
However, if at all possible, backtesting is very very important. This allows you to see how well your edge works in a variety of markets, not just the current one. As markets have shifted over time, it’s important to see how well your edge has shifted in its accuracy as things change.
Forward testing is necessary as it’s the only proof that the strategy can make real money in the real market. There are many good edges that work in theory, but crumble when the rubber hits the road. Forward testing is a must to prove that a strategy really works and works well.
Finally, the comparative backtest is where you backtest back over the same period of time that you forward tested and compare the profit and drawdown and look at the variation between the backtest and forward test data. The variation tells you the accuracy of your backtests and how well they can be relied upon for your future predictions.
To me all these steps are necessary to really know how well your edge works, and allow you to make adjustments to your system in order to prove its accuracy.
Thanks for reading!
Have a great day!
Best wishes to you all!
Cheers!
:)))))))))))))))))))))))))))))))))))
Most traders I meet have an edge, but they rarely have a well tested and well refined edge.
To me, it’s best to have an edge that has:
-1: Been backtested back at least 15 years on real broker tick data.
-2: Been forward tested at least 6 months in the live market.
-3: Been comparative backtested.
Each of these is a key component to the statistical validity of a trading edge.
Now, there are methods like Price Action that are hard to, if not impossible to, backtest. In these cases, forward testing is the only good option.
However, if at all possible, backtesting is very very important. This allows you to see how well your edge works in a variety of markets, not just the current one. As markets have shifted over time, it’s important to see how well your edge has shifted in its accuracy as things change.
Forward testing is necessary as it’s the only proof that the strategy can make real money in the real market. There are many good edges that work in theory, but crumble when the rubber hits the road. Forward testing is a must to prove that a strategy really works and works well.
Finally, the comparative backtest is where you backtest back over the same period of time that you forward tested and compare the profit and drawdown and look at the variation between the backtest and forward test data. The variation tells you the accuracy of your backtests and how well they can be relied upon for your future predictions.
To me all these steps are necessary to really know how well your edge works, and allow you to make adjustments to your system in order to prove its accuracy.
Thanks for reading!
Have a great day!
Best wishes to you all!
Cheers!
:)))))))))))))))))))))))))))))))))))
Sweevil96
Apr 24, 2023 at 14:09
Many people attempt to have great leaps forward in life instead of making incremental changes that add up over time.
This primarily stems from false perception. For example, when a person sees a successful trader on LinkedIn their thought process often goes like this:
-1: I see a rich and happy person.
-2: They must have achieved their success in only a few months.
-3: I can achieve great trading success in just a few months.
What most people don’t see is the fact that success is not an overnight process. Many overnight successes really had many years of frustration and failure before they ended up succeeding. But, since people don’t see the years of struggle, they fail to see that it exists.
So, most people approach their finances like they approach going to the gym. They start by going for 5 hours a day for the first 2 days in order to make massive changes quickly, then give up on day 3.
Instead, I recommend small and incremental changes. These small efforts make a big difference in the long run. Starting by just putting in 10 minutes per day often makes a much larger difference then someone who starts out fast then blows everything even faster.
Small efforts add up to big changes. Never be afraid to start small!
Thanks for reading!
Have a great day!
Best wishes to you!
Cheers!
:)))))))))))))))))))))))
This primarily stems from false perception. For example, when a person sees a successful trader on LinkedIn their thought process often goes like this:
-1: I see a rich and happy person.
-2: They must have achieved their success in only a few months.
-3: I can achieve great trading success in just a few months.
What most people don’t see is the fact that success is not an overnight process. Many overnight successes really had many years of frustration and failure before they ended up succeeding. But, since people don’t see the years of struggle, they fail to see that it exists.
So, most people approach their finances like they approach going to the gym. They start by going for 5 hours a day for the first 2 days in order to make massive changes quickly, then give up on day 3.
Instead, I recommend small and incremental changes. These small efforts make a big difference in the long run. Starting by just putting in 10 minutes per day often makes a much larger difference then someone who starts out fast then blows everything even faster.
Small efforts add up to big changes. Never be afraid to start small!
Thanks for reading!
Have a great day!
Best wishes to you!
Cheers!
:)))))))))))))))))))))))
Sweevil96
Apr 18, 2023 at 20:53
3 tips on successful trading!
-1: Use compound interest in your favor.
-2: Be willing to put in the time.
-3: Focus on the long term.
-1: Use compound interest in your favor.
I meet so many traders who constantly want to withdraw their profits instead of compounding them. They often say things like, “It’s not real money until I have it in my hands.”
This attitude comes from fear, and from someone who has no trust or confidence in their system. If you’re a gambler, then yes, take your money out.
But, if you’re a truly professional trader it’s best to compound your profits and grow your accounts. After all, compound interest can make you a fortune in just a few years if you’re a consistent trader.
-2: Be willing to put in the time.
Success is built on those who are willing to put in the time and become true professionals.
I’m always shocked by how many people think they can become a world class trader overnight. They think watching a couple youtube videos will then allow them to make a fortune, or a hot tip will make them rich.
That’s not the case. Instead, you need to be willing to put in the time.
Often it takes 10,000 hours or more to fully master something. Trading is no exception to that rule.
I’ve never seen a very successful trader, who stayed successful in the long run, who hasn’t put in at least 10,000 hours.
-3: Focus on the long term.
Many people turn to trading for some fast cash. So, they lose their cash fast.
Trading is not about quick money or overnight riches. Trading is about building and multiplying long term wealth.
You can make a lot of money trading, but that’s not going to happen overnight or on a single trade.
Instead focus on how your plan can grow your wealth over years and not just hoping it’ll pay off your debts at the end of this month.
Thanks for reading!
Have a great day!
Best wishes to you!
Cheers!
:))))))))))))))))))))))))
-1: Use compound interest in your favor.
-2: Be willing to put in the time.
-3: Focus on the long term.
-1: Use compound interest in your favor.
I meet so many traders who constantly want to withdraw their profits instead of compounding them. They often say things like, “It’s not real money until I have it in my hands.”
This attitude comes from fear, and from someone who has no trust or confidence in their system. If you’re a gambler, then yes, take your money out.
But, if you’re a truly professional trader it’s best to compound your profits and grow your accounts. After all, compound interest can make you a fortune in just a few years if you’re a consistent trader.
-2: Be willing to put in the time.
Success is built on those who are willing to put in the time and become true professionals.
I’m always shocked by how many people think they can become a world class trader overnight. They think watching a couple youtube videos will then allow them to make a fortune, or a hot tip will make them rich.
That’s not the case. Instead, you need to be willing to put in the time.
Often it takes 10,000 hours or more to fully master something. Trading is no exception to that rule.
I’ve never seen a very successful trader, who stayed successful in the long run, who hasn’t put in at least 10,000 hours.
-3: Focus on the long term.
Many people turn to trading for some fast cash. So, they lose their cash fast.
Trading is not about quick money or overnight riches. Trading is about building and multiplying long term wealth.
You can make a lot of money trading, but that’s not going to happen overnight or on a single trade.
Instead focus on how your plan can grow your wealth over years and not just hoping it’ll pay off your debts at the end of this month.
Thanks for reading!
Have a great day!
Best wishes to you!
Cheers!
:))))))))))))))))))))))))
Sweevil96
Apr 17, 2023 at 15:02
Many people don’t accomplish much because they don’t take small steps.
I know a ton of people, traders included, who don’t accomplish their goals or achieve their aspirations simply because they look to complete the entire process all in one day.
As human beings, our minds tend to have an easy time focusing on the day but rarely on the year and on our lifetime.
So, when we think of doing something, we often just want to do it all in one day. This can be good for small projects, but Rome wasn’t built in a day after all.
However, many people think that they should put it off building Rome and just do it some day next week. Instead, they’re better off laying a single brick, a small step towards the overall goal.
Small steps are often discounted because indeed they seem small and achievable, yet don’t seem to make up a very large difference on reaching the overall goal.
However, small steps make goals achievable because they are a step in the right direction. What’s more, it’s something easy to do.
If you go to the gym for 5 minutes, it seems like nothing. However, it’s the start towards building a habit and a healthier body. Thinking of going for 5 minutes is very easy. Meanwhile, if you think about going for 5 hours then that’s a huge time commitment and is hard to motivate yourself to do at all.
Overall, going for 5 minutes adds up over time, while never going at all, because you think you have to go for 5 hours at a time, also adds up.
At the end of the day, small steps are a major key for long term success. If you’re willing to break a task down into small enough pieces, then anything can be achieved.
Thanks for reading!
Have a great day!
Best wishes to you all!
Cheers!
:)))))))))))))))))))))))
I know a ton of people, traders included, who don’t accomplish their goals or achieve their aspirations simply because they look to complete the entire process all in one day.
As human beings, our minds tend to have an easy time focusing on the day but rarely on the year and on our lifetime.
So, when we think of doing something, we often just want to do it all in one day. This can be good for small projects, but Rome wasn’t built in a day after all.
However, many people think that they should put it off building Rome and just do it some day next week. Instead, they’re better off laying a single brick, a small step towards the overall goal.
Small steps are often discounted because indeed they seem small and achievable, yet don’t seem to make up a very large difference on reaching the overall goal.
However, small steps make goals achievable because they are a step in the right direction. What’s more, it’s something easy to do.
If you go to the gym for 5 minutes, it seems like nothing. However, it’s the start towards building a habit and a healthier body. Thinking of going for 5 minutes is very easy. Meanwhile, if you think about going for 5 hours then that’s a huge time commitment and is hard to motivate yourself to do at all.
Overall, going for 5 minutes adds up over time, while never going at all, because you think you have to go for 5 hours at a time, also adds up.
At the end of the day, small steps are a major key for long term success. If you’re willing to break a task down into small enough pieces, then anything can be achieved.
Thanks for reading!
Have a great day!
Best wishes to you all!
Cheers!
:)))))))))))))))))))))))
Sweevil96
Apr 12, 2023 at 07:30
Most people seem to think there is a money button out there.
They think there is a button that when they push it they’ll just make money. So, many traders search the internet for this money button so they can start pushing it over and over and over again.
Many get deeply into debt, sure that when they find their money button they’ll finally be rich.
A lot of money is made selling money buttons. They’re as real as the X-ray specs in the back of comic books, yet people shell out billions of dollars per year for these so-called money buttons that consistently don’t work.
Yet after every sham and every scam, people keep searching for their money button. They cling to this myth of the money button and refuse to let it go. They want so desperately to be rich and to just have a simple button they can push that will always make them a ton of money.
The truth of trading is there is no such thing as a money button.
Yes, you can consistently make a lot of money as a trader, but it won’t be magical and it won’t be as easy as finding and pushing a button. To be a great trader you need to put the time and work into learning how to trade properly. This is usually 10,000 hours plus of work. Putting in these hours and learning effectively is an absolute must to succeed on your own.
If you’re willing to do the work, make mistakes, learn, and improve, then you can become a very rich trader. Or you can keep looking for that money button. Regardless, I wish you the best on your trading journey whether you’ve already made it or are just taking the first step.
Thanks for reading!
Have a great day!
Cheers!
:))))))))))))))))))))))))))
They think there is a button that when they push it they’ll just make money. So, many traders search the internet for this money button so they can start pushing it over and over and over again.
Many get deeply into debt, sure that when they find their money button they’ll finally be rich.
A lot of money is made selling money buttons. They’re as real as the X-ray specs in the back of comic books, yet people shell out billions of dollars per year for these so-called money buttons that consistently don’t work.
Yet after every sham and every scam, people keep searching for their money button. They cling to this myth of the money button and refuse to let it go. They want so desperately to be rich and to just have a simple button they can push that will always make them a ton of money.
The truth of trading is there is no such thing as a money button.
Yes, you can consistently make a lot of money as a trader, but it won’t be magical and it won’t be as easy as finding and pushing a button. To be a great trader you need to put the time and work into learning how to trade properly. This is usually 10,000 hours plus of work. Putting in these hours and learning effectively is an absolute must to succeed on your own.
If you’re willing to do the work, make mistakes, learn, and improve, then you can become a very rich trader. Or you can keep looking for that money button. Regardless, I wish you the best on your trading journey whether you’ve already made it or are just taking the first step.
Thanks for reading!
Have a great day!
Cheers!
:))))))))))))))))))))))))))
Sweevil96
Apr 07, 2023 at 17:53
I meet traders all over the world, and that’s something I love about what I do.
I get to see people who succeed at trading and enrich themselves all over the globe. I also see people who suffer great losses all over the globe as well.
Many people come to me in search of salvation from their debts and problems, thinking that a few dollars will be all it takes for them to stop losing a fortune in the market every day.
This is not the case. The primary thing that allows anyone to succeed or fail at trading is their own mindset.
Trading is an elite game where you need to be the best at what you do and be able to make a profit in a game where most fail out.
Being a professional trader is like being a professional athlete or professional actor. Many try, yet only a rare few have what it takes to be the best.
Still, anyone can be a great trader if they are willing to put in the time and effort to do so. There are a million reasons why you can’t do it, but you just need one reason why you can do it.
Listen and be inspired by the reasons that you can and don’t listen to reasons why you can’t. Don’t ignore risk, but do learn to manage it and understand it.
What you have to do to be a successful trader is not hard. Who you have to become to be a successful trader is what stops most people from being successful in the world of trading.
Thanks for reading!
Have a great day!
Cheers!
:)))))))))))))))))))))))))))
I get to see people who succeed at trading and enrich themselves all over the globe. I also see people who suffer great losses all over the globe as well.
Many people come to me in search of salvation from their debts and problems, thinking that a few dollars will be all it takes for them to stop losing a fortune in the market every day.
This is not the case. The primary thing that allows anyone to succeed or fail at trading is their own mindset.
Trading is an elite game where you need to be the best at what you do and be able to make a profit in a game where most fail out.
Being a professional trader is like being a professional athlete or professional actor. Many try, yet only a rare few have what it takes to be the best.
Still, anyone can be a great trader if they are willing to put in the time and effort to do so. There are a million reasons why you can’t do it, but you just need one reason why you can do it.
Listen and be inspired by the reasons that you can and don’t listen to reasons why you can’t. Don’t ignore risk, but do learn to manage it and understand it.
What you have to do to be a successful trader is not hard. Who you have to become to be a successful trader is what stops most people from being successful in the world of trading.
Thanks for reading!
Have a great day!
Cheers!
:)))))))))))))))))))))))))))
Sweevil96
Apr 05, 2023 at 15:56
In trading it’s not the money you make that matters, but how consistently you make it.
I’ve known a lot of traders who have had amazing months. Many turn profits of over 200% in a month. I’ve even seen 2227% profit in one month.
However, none of those traders have much money today. That’s because after they made those great percentages they lost it all the following month.
Boom and bust traders like this makeup over 60% of all traders. Often these traders know a lot about trading and have an effective strategy, but they’re trying to turn small capital into big capital, and trying to do it extremely quickly. So they overrisk and make big money, but then lose it all not long after.
I was talking with a trader just earlier today looking to turn $1,000 into $1,000,000. I asked her about her time table, and she wanted it “as soon as possible.”
So I drew up a plan for her on how to achieve her goal in 7 years making an average of 10% per month. Somehow that’s not what she wanted, but it is a plan that can actually be achieved.
There is a lot of merit to growing your own money into a lot lot of money, but you either need to start with a lot of money or be willing for the process to take 7 years or more.
Thanks for reading!
Have a great day!
Cheers!
:)))))))))))))))))))))))))))))
I’ve known a lot of traders who have had amazing months. Many turn profits of over 200% in a month. I’ve even seen 2227% profit in one month.
However, none of those traders have much money today. That’s because after they made those great percentages they lost it all the following month.
Boom and bust traders like this makeup over 60% of all traders. Often these traders know a lot about trading and have an effective strategy, but they’re trying to turn small capital into big capital, and trying to do it extremely quickly. So they overrisk and make big money, but then lose it all not long after.
I was talking with a trader just earlier today looking to turn $1,000 into $1,000,000. I asked her about her time table, and she wanted it “as soon as possible.”
So I drew up a plan for her on how to achieve her goal in 7 years making an average of 10% per month. Somehow that’s not what she wanted, but it is a plan that can actually be achieved.
There is a lot of merit to growing your own money into a lot lot of money, but you either need to start with a lot of money or be willing for the process to take 7 years or more.
Thanks for reading!
Have a great day!
Cheers!
:)))))))))))))))))))))))))))))
