High Yield Grid Manual Strategy

Well done as always!! Great work done with a great strategy!

Looking forward to live sessions too

/T

Wait...I didn't see that. He was down 50%?? last week

No it was a 24% DD

Thankss, but i don't know if i can do it

not last week.. June 10th ... drawdown from 170k to about 85/90k at the deepest point... but of course, bounce back as usual...

it was that time Gold shot up suddenly from 1830 to 1878 cos of news.

Great Job as always... I'm only slightly confused about why you have decided to add more funds to the account.

is this to allow for potentially deeper drawdowns and reduce risk? I notice you are now opening smaller trades compared to the account size as well (as in you have not increased lot sizes by the same percentage as the increase in the account)...

what is your new target? 1 million Euros?

Thanks for sharing the journey with us as always.

What a ride. Incredible - congratulations!
Are you closing your positions with an EA?

Thanks.

Yes i wanted to reduce the risk and my target is 1 million.

Thanks.

Yes i use a trade manager.

17 June - 1 July 2022

Hello
I've been following you for a few days, I congratulate you
I don't know how you handle stress when you're at a loss of 50,000 and more,

good night

Its over...
oh well.. it was fun while it lasted...
you'll make all the money back..
I believe in you...
Just take profits off the table regularly next time..
And don't deposit previous profits..
Cheers.

Well, he is been down 60% before that. And today it was 80%. It was fun while it lasted.

Blow Account, butit was a good journey.

I hope all haters are happy now.

Now I will focus much more on EAs, I hope you enjoyed yourself with me thank you very much for the company.

We have all been there many times. At least those who own up. after a life time of FX trading (it would seem), the only thing that will get you out of a hole is Money Management. Cut your losses without a second thought and live to rise up and go again. Good luck!

Hello KnifeS2;

I trust this message finds you well.

I am very sorry that you ran into a hurdle with loss of the trading account.

From my end; I have been engaged with some different things outside of my normal trading process & therefore not as active on FF over the last few days/weeks, but I sought to reply to you given the extenuating situation you posted today.
Please be assured that I have blown numerous accounts during my early stages of trading & had to dig deep for resilience to continue trading when they were larger size trading accounts.

Perhaps it is a somewhat a rite of passage in a weird manner which galvanizes us for future since the lessons learnt during the loss/es forms indelible memories in one’s mind.

You can be certain that as you continue & reflect upon your trading journey in a few years from now you will perhaps be able to identify the positives which are not noticeable in the present moment.

Having observed your trading style & general demeanor, coupled with your driven mindset I find it inconceivable an idea that you will not recover your losses. I find it more plausible to expect that you not only recover the losses but compound upon the gains with minimal delay.

For the immediate moment if I may respectfully suggest, which worked for me at those times, is to take a few days to conduct a deep dive reconciliation analysis of every position on the account which are pivotal in your mind.

In conclusion I commend you once again for having put up your trade explorer as boldly as you did & maintaining a transparent mechanism of trading regardless the outcome.

May I be granted this opportunity to wish you & all on the thread a pleasant day ahead.

Sincerely,
Des

Thankss sir, i'm not that sad, it's part of the game, high risk = high gain = high loss.

The problem is that i love Martingale and Grid strategy.

Also my "SLT EA" is based on a martingale strategy, let's wait the out come.

Do you guys want a "Trading Journals" on SLT EA?

Hello again KnifeS2;

Thank you for your gracious reply & I am glad to hear that you are handling the loss of the account with great & admiral tenacity.

If you had no other competency in trading, that single ability in my opinion should be more than enough to take you across the line with making a living out & success (whatever that word means to individuals) with trading.

After all, due to the length of time I have been trading & having travelled through the various stages from unconscious incompetence to now being on the tipping point of unconscious competence, I have come to realise that it is odd that normal members of the public or even little children for that matter could likely trade more accurately if we simply show them a naked chart (any timeframe) & ask them which direction to trade.

With us, traders we attach all sorts of inuendoes which actually result in us having more back & forth than anything else.

If I may respectfully suggest, if you prefer martingale or grid trading, offer no excuse for your preference & perhaps remove the idea that it is a problem from your mind.

If you possess the desire enough within yourself you will reverse engineer the process, whatever trading method, in order to deliver to you, your heart’s desires. I can confirm this in no uncertain terms since I am a completely self-taught trader who learnt trading by merely blowing many accounts over the years. I am a nobody from nowhere who learnt how to manipulate a system & identify high probability entries, which professionals spend years trying to get right.

To answer your other question/post, regarding the EA journal, I am unsure about others but I will be very keen to observe your journal & journey related thereto.

In conclusion, so far as high risk goes, I think in the function of trading there are times for every manner of trading dependent on the circumstance.

Just to illustrate with an example, I generally look into the prop firm thread fairly often & try to understand the different models as reference points for my own trading.

I am generally not too bothered with trading for a retail prop firm but I gather many will say that is since I may not make to pass their “challenge”. Well I took the FTMO free trial which requires a trader generates half the normal profit of the trading account in half the number of days. So with the 200k “challenge” which I took I needed to make USD 10 000 with half the trading month.

Normally traders are expected to make USD 20 000 for the entire month. I added the trading account onto a trade explorer so you may see that I achieved the full USD 20 000 target even before the “deadline” permitted to generate USD 10 000 profit.

Here again, it is my firm belief that almost every trader(many of them, marvellous guys) on the prop firm thread will be able to do this & perhaps even better since many of them are far better traders than I am. I suspect the problem is by & large the impediments which trip all of us traders, but that is my opinion.

I wish that this information offers you something to apply your mind to.

From my end, I subscribed to you some-time ago since I am both intrigued & highly enthusiastic to travel with you along your trading journey since I am in trading for the long haul.

I wish you & all on the thread a wonderful day ahead & may your trading fulfil all your heart’s desires.

Sincerely,
Des