Millionaire in 10 weeks & Conversation with broker
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As I mentioned above, I am in transition between TradeStation and my new broker. I don't have my 2 clouds indicator coded in C# Sharp (btw, if anyone know how to program C#, PM me, I will send you my indicator code for conversion) and on my new broker's charting software yet.
That's why the screenshots where you see my 2 clouds are on my TradeStation charting software and the screenshots where I made my trades are on MultiCharts.
Also, you always test live a new idea first on a sim and then with real $.
Where do you think it will fail. You already have screenshots of backtesting from Tim PROVING TO YOU that it can work on Forex and to do that 100% ROI with Forex we had to do 26.5 pips daily and do that 5 days in a row and he still managed to do it.
I'm on Micro M2K contracts that cost only $25 a piece and all I need is to make 5 pts daily on the Russell 2000 (and I have done it on my very first trade Friday) that makes easily over 100 pts during the day. I'm sure there are traders here who can make 5 pts on the Russell with 1 hand in their back.
So again, don't just spit out negative stuff like "Bah...this is nonsense... he will fail... go home" because that goes 10 feet above my head when people say stupid stuff like that without telling me EXACTLY where will the system fail ESPECIALLY after serious backtesting and screenshots of positive number on a performance report.
Stupid people are the ones arguing with stats. So be smart in your reply or just leave this thread.
I would suggest you change "stupid people" to "experienced traders".
I encourage you to keep going with your journey & journal(s), you will surely learn something as most everyone does when they journal their trades -- even the most experienced among us.
Just remain respectful of other peoples opinions.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
Yep I'll leave your post. This is my last post here.
Ok, you call my post stupid, so I guess I'm also allowed to call your answer stupid.
Why the heck do you think you are able to make 5 R2K points each day und this consistent? You couldn't do it the last 14 years. If you were able to do you, you would never come into the situation to open micro-contract account.
Your dream is so far away from the reality, that I know that you will fail and each serious trader will know that.
So once more, good luck and all the best, I will read the postings (till the postings will end in 3 , 4 weeks) and this is my last post here, so I'll not disturb you anymore.
The following user says Thank You to tr8er for this post:
It's just that I come from TradeStation forum and over there everyone gets trashed for no reason and we have to be aggressive in our comments to avoid being eaten alive by all these negative people.
I came out strong because he flat out said "He will fail with this idea" without giving me any constructive comments and I can't stand people like that.
It's nice to know that there are some forum moderation over here.
"...Stupid people are the ones arguing with stats."
Can't you see the difference?
First of all, I NEVER SAID that I was going to make my 5pts every single day of the month here.
I did say that with my 2 clouds indicator, I can more easily find the right trend and the deepest pullbacks and USUALLY... when you catch one of those, making your 5 pts is not a problem.
I never said also that I will always win and never make any losing trades either. That's impossible. However, I did say that by using modern charts and bars, you cut your losses a lot down to below 1 pt, most at or even under 0.5 pt so that would make it a 10:1 ratio strategy where when you lose, you lose peanuts but when you win, you make a lot.
Last edited by MerlinWorld; July 28th, 2019 at 01:04 PM.
And everyone typically learns best by their own experience, the kid touches the hot stove no matter how many times the mom says "don't touch it" --- but usually just once
As traders, we seem to really like hot stoves... it takes longer to learn what not to do
In all seriousness, we can offer the best advice in the world, in the most friendly or most serious way, but still at the end of the day the lesson must be learned by the individual, it cannot be learned for him on behalf of another.
Mike
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
