ekshay

Skeptics are always Open Minded, they simply don't turn off their BS Detectors. For eg, with regards to this thread... It is quite reasonable for a trader to look for patterns of market behavior that can be exploited for profit. It takes an unreasonable leap of faith to conclude that the Moon's position relative to the Sun... is the CAUSE of it. (or Saturn, Jupiter, Mars, etc.) Just like we don't need to know WHY Divergences on MACD work enough percent of times to be used profitably... Just like we don't need to know WHY Fibonacci Retracement ratios of recent swings can be used as good exit/entry points... We DON'T NEED to know why an Astrological pattern works.

George Soros: "I don’t think there’s any mysticism, but you are dealing with the unknowable. My philosophy - or my theory about markets - emphasizes that the prevailing paradigm underestimates or disregards the element of uncertainty. I consider myself an insecurity analyst, not a security analyst."

21-Sep-2010 Not much happened till FOMC.

Nice try. You can't frighten me with BIG numbers. FORTY-FIVE Years !!! No dear Attila. More like FOUR-point-FIVE Years. I'll be even slower than $60 ... Let it just be a daily net profit of $40 ... $200 weekly... or $800 monthly. The attachments shall do the explaining. What I am more concerned about is, what a Million US Dollars will be worth in 4 years !!! Hope they don't end up being just pocket change. :haha: ----- This is the first time I am calculating for a Million dollars. Normally, I keep my calculations to 25k as that's my current goal. Whether I make $100 a day or $100 a week, I can reach there in 3-6 months. Currently, all I am trying to do is "consistently follow my plan". The money will take care of itself. ----- Reminder: Earlier in the thread, I did mention that the reason I am sticking to scalps for this month, is because of home activities that I am required to attend to everyday during my trading hours. Yesterday's $60 were made while helping Mom pack her bags, a visit to a doctor, having dinner, and more. Atleast another $75 were missed because I had to cancel the trades, as I was leaving the computer. No trades taken today - 09/17. ----- Million.xls

Attila, that's 09/16. Here's mine.

Thales, "Twenty weeks starting with the week of 4/26/2010" are already up. My vote goes to Attila ... for tenacity, survival skills & never going AWOL. PS: I intend to use this thread as a Log, but honestly the spirit of 'Race to a Million' has long been missing.

Why indeed? :rofl: Attila, I think what Rex meant was "why have you switched to this new system from your older one?" ... and your reply to Lazarus does explain that to some extent. ----- Statement - 15th Sept. Couple scalps. Totally by the system. May the Tortoise win the race.

Statement - 13th Sept. A failed attempt at a scalp. Unfortunately, not a system entry. I need to control my desire to "do something so as to post on this thread". :haha: If I couldn't be at the pc when my setups occurred, oh well. This will be my "Tortoise" month for "The Race".

Is this normal for 'darkest just before dawn' accounts? :helloooo: You have been charged all-in Commissions of $9.95 per round-trip yesterday for all 3 trades, instead of the usual $3.09 on EUR/USD and $4.50 on NQ (as per your past statements) ???

Statement for 09/08. 1 little scalp.

I'd say, as long as you are not overtrading, you are doing just awesome. Keep up. For all of September, I have disturbance around my trading hours. So, will mostly scalp. Took no trades yesterday. Today is still on.

I thought the default method was the Thanks button. Thats what I use it for anyways. If a post taught me something I can use, I click Thanks. Then, if I or anyone else wants to see ALL the posts I have ever Thanked, they just need to make a couple clicks in my user profile. For managing lots of data, the usual solution is to use a MindMap software. Freemind, Personal Brain, and Mind Manager come to mind. Hope this helps.

Thanks for the compliment. And I agree with you. All we need, is enough losses to uncover our personal patterns of losing, and then STOP doing those things either by changing the system or by managing personal behaviour. In June, when I made my first major loss, ... it took me 6 weeks to get to the heart of the problem... What looked like a psychology/discipline problem, actually was a natural symptom of following a Discretionary method. As an intelligent person, discretion hurt my ego/self-esteem both ways... when I'd let go of an entry & it would work; and when I'll take one & it'd fail. It took me 6 weeks of testing various systems to realise that this pattern was a System Error, and not a psychological one. For me, it was present in all discretionary methods, no matter the Win rate. I needed a Mechanical system. So, this time, I have no emotional pain. Losses occur, but they don't hurt me in a way where I question my future as a trader. Now the only question, as you rightfully pointed, ... whether this current funding can sustain the remaining issues. But, a successful trader, I shall surely become. The losses on 08/31 were behavior problems. I'll do my best not to repeat them. Yesterday's losses [09/01] were normal system losses on a weird trading day. Zero emotional reaction.

Attila, at my current rate, I'll catch up with you soon enough. Lost some more today. No decent signals before nor after the news. Great chart, no trades. Oh. And no further trading for this week. Gotta respect loss limits.

08/31. Wow. This is what knowing you have an edge feels like... I have my single biggest losing day, and all I do is grin ear to ear. For the first time, it didnt make me run around looking for the next holy grail. :rofl: Its I who failed the system & not other way round. Discipline with Entries = Good Discipline with Profit Targets = Excellent Discipline with Stops = Pathetic Lesson of the Day: When Mr. Market offers you a Small Loss, accept & rejoice, for if you reject, he is fully capable of handing you a Big one. :haha: