@xtradering Arkadaşlar yayın için teşekkürler ancak mikrofonlar ve seslere yeterli özen gosterilmediginden ve yayindaki ses-hisirti-cizirti vs nedeniyle yayının değeri ve keyfi azalıyor
If you are about to quit trading, read this…
When I was 20, the first book I read on investing was “Buffettology“.
It explains how the world’s richest investors become successful in trading, Warren Buffet selects companies to invest in.
I was fascinated by how a man could be so much wealthy by simply picking the right stocks to hold for the long run. Who wouldn’t?
𝗧𝗵𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿
After reading Buffettology, I was hooked.
I started researching all I could to make myself a great investor.
I read books on value investing and fundamental analysis.
Armed with my newfound knowledge, I was ready to pounce on the markets.
The first stock I bought was Sembcorp Marine in 2009 because it had solid fundamentals, and the markets were recovering.
I got long at $3.28 and told myself to hold this stock till the price doubled!
5 days later, I bailed out at $3.08. What a chicken I was.
Then I did a short reflection and concluded that it was my emotions that trigger this action of mine.
Not giving up just yet and with the markets making a bull run, I knew I had to get back into the game.
Being naive and ambitious I did more fundamental research and bought more companies, with margin.
Here’s what I bought…
I went long Noble Group, Keppel Land and Sembcorp Marine with an initial outlay of $20,000.
In 2 months, I was up close to $10,000.
But me being a fundamentalist, trying to emulate Warren Buffet to hold these stocks for the next 30 years, I held on.
At this point, I was feeling like a champion, with a knack for picking stocks.
Even my broker was commenting that everything I touched turned to gold.
2 weeks later, my unrealized profits of $10,000 vaporize into smoke. The Euro Debt crisis had hit the markets.
Now, I had nothing to show for it but a stench of bitterness.
One moment I was feeling like Rock Balboa, the next I was like Luke Skywalker when he realized Darth Vadar was his father.
"I am a fool. What was I thinking?!"
Those phrases kept playing in my head over the next few weeks.
Eventually, I bailed out of all my positions when the price went further against me. I just couldn’t bear the pain anymore.
A few months later after recovering from this mental trauma, I started reflecting once more. What did I do wrong?
After much brainstorming, I realized I had no plan for exits. So this led me to further research on stop loss, entries, and exits.
If you Google that long enough, forex trading websites would start appearing on your monitor.
And that’s how I entered the trading arena…
𝗧𝗵𝗲 𝘁𝗿𝗮𝗱𝗲𝗿
So after my failed attempt at being an investor, I figured being a trader would better suit me.
I was immediately drawn to the fanciful charts and colourful indicators that beautify my screens. This beats crunching numbers and financial statements.
In a matter of days, I find myself drawn to trading more and more. It became my passion whereby I was spending more than 10 hours a day in front of the screen.
Everything started to make sense and trading didn’t seem that difficult.
All I needed was:
1) A trading strategy
2) Risk management
And it could be found on trading forums, for free!
Why would I want to invest in a stock for years when I can buy and sell currencies in minutes!
Easy money is ahead of me, all I need to do is click my mouse.
It was on Babypips where I was first exposed to a trading strategy.
I was looking for anything interesting and chance upon a thread teaching new traders like me how to trade.
The thread owner had a huge following and traders were worshiping him like a Demi-god.
Since I was new to trading and so many traders can’t be wrong, I followed him religiously as well.
𝗕𝗼𝗹𝗹𝗶𝗻𝗴𝗲𝗿 𝗕𝗮𝗻𝗱
My first trading strategy was using Bollinger bands to buy low and sell high, and take profit at the opposite end of the bands.
I thought this was the Holy Grail!
Every chart that was posted made money.
But it was only after I traded it myself did I realize that there was more than meets the eye.
I traded this for 6 months and lost money. I concluded this wasn’t going anywhere and looked for another strategy.
Now...
Another trading strategy I was trading was harmonic patterns.
𝗛𝗮𝗿𝗺𝗼𝗻𝗶𝗰 𝗣𝗮𝘁𝘁𝗲𝗿𝗻𝘀
The Harmonic Trading Strategy took me 6 months to figure out. I thought to myself that the more complex a strategy is, the more powerful it will be. How silly I was.
In essence, harmonic patterns are drawn by using the confluence of Fibonacci ratios and extensions. They have a few variations of harmonic patterns, like Gartley, Bat, Crab etc.
Personally, I find harmonic patterns to be the most beautiful thing on my charts. But I was in this business to make money and not draw beautiful patterns.
𝗧𝗵𝗲 𝗰𝗼𝗹𝗱 𝗵𝗮𝗿𝗱 𝘁𝗿𝘂𝘁𝗵
Numbers don’t lie. And the reality was that I was a losing trader despite learning so many trading strategies.
(I had a drawdown of 50% after 3 years of trading)
From indicators to raw price action to harmonic patterns. Just name it, I probably would have tried it.
At this point, most traders would have thrown in the towel.
I mean, who would continue trading after spending thousands of hours at it only to lose more money than he started. It’s a losing proposition!
But the stubborn me refuses to give up, always believing that I am one step closer each day.
And know what’s the funny thing? I graduated with first-class honours but failed at trading.
So it is true that even if you have a degree, you may not be a profitable trader.
This had to be my darkest days in trading when the statistics stared right into my face.
I followed my trading plan religiously and adhere to my money management, but still, it wasn’t enough.
𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗱𝗼?
When I graduated from university I knew there was only one career path for me, proprietary trading.
During one of the interviews, the interviewer made a statement that hit me hard.
He said, “If you’ve been trading your strategy for the last 1 year but it’s not making you money, you better find a new strategy”.
That was a wake-up call for me.
It doesn’t make sense to stick to the same strategy throughout the years, firmly believing you have an edge when clearly the result speaks otherwise.
I knew I had to let it go.
Shortly after I was accepted into their proprietary trading firm, my journey to professional trading began.
I first started out scalping the futures market and doing arbitrage across inter-related markets.
Within 6 months I knew it was not something for me as I wasn’t comfortable with the psychological aspect of scalping.
Albert Einstein said, “Insanity is doing the same thing over again and expecting different results”.
It has been 4 years now and whatever trading strategies that I attempted to trade the markets clearly weren’t working. I had to do something about it before the fire in me dies out…
Despite trying out so many trading strategies and none seems to work, there were important lessons behind it that would make me the trader I am.
𝗧𝗵𝗲 𝘁𝘂𝗿𝗻𝗶𝗻𝗴 𝗽𝗼𝗶𝗻𝘁
There is one quote that kept propelling me forward and to be open to constant learning.
There is no such thing as failure, only feedback.
After 4 years of trying out different trading strategies, I’ve gathered feedback to know what works and what doesn’t.
At the same time, I learned more about myself as a trader and started having an idea of what kind of trading strategy would suit my personality.
Here are some of the traits I learned about myself:
1) I wanted to be in the markets when it is trending strongly
2) I wanted to be systematic with less room for discretion
3) I can accept being wrong most of the time
4) I am patient and disciplined
When I understood my trading psychology better, that’s when I had an X-Ray vision to see which trading strategies that would fit my personality.
It is not long later that I came across, trend following.
Initially, my first impression of Trend Following was simply trading with the trend.
But as I read more books and studied research papers, I realized it is much more than that.
As a trend follower, there are 5 distinct traits that make it stand out from the crowd
The 5 traits are:
1) Trend follower does not predict where the market is heading
2) Trend follower has low winning %
3) Trend follower has no profit targets
4) Trend follower trades all markets
5) Trend follower buys high and sell low
After being a losing trader for 4 years, it took me 6 months to make back everything and more.
It felt darn good when I saw my account back into the green and growing after what seemed like forever.
To me, it is not the end but the beginning of a life-long career in trading.
If you’re reading this and struggling to be a profitable trader, then I want to tell you that it can be done.
Yes, the journey is tough, the obstacles are huge and the heat is on. But you are not powerless.
You have a mighty weapon called discipline and a protective shield called perseverance which will see you through the fire and the storm.
You can do it!
ONS ATIN sırasıyla 1943 ten 1968 ve 1953 hareketi tamamlandı👍
Herkese bereketli olsun, Nokta atışı oldu 👌
1952 kırılırsa 1945 gelebilir o kısma dikkat edelim.
#XAUUSD ÖNCE SONRA , SONRA 👍👍👍
#ons#gold#xauusd#altın#maden#emtia
AYRICA RT ETKİLEŞİM ÖNEMLİ, TEŞEKKÜRLER
@eseckal Walter vannelli fake hesabiyla bana ulastilar, evren hocayla degerlendirince fake oldugu apacik ortaya çıktı. Herkesin ekstra dikkatli olmasını tavsiye ederim.
@eseckal Hakliymissin Hocam, daha dikkatli bakinca kopya hesap oldugunu farkettim. Sadece sonundaki 'i' yerine 'l' koyarak hesabi taklit etmisler. Mavi tik yok, gozumden kacmis.