Learning Aims

[John Wimberley]

Hi FTTrader
1st off, let me assure you, you will be profitable in the long term. It's not unusual to have a losing day, but extremely rare to have a losing week.
2nd, I would suggest your money management needs tweaking.
When I enter a trade I use 1/4 of 1% based on a 15 pip stop loss. On the M1, when it moves it moves, so if I'm triggered and it then reverses, I'll have a mental exit a pip or so the other side of the trigger candle. My average loss is 6 - 7 pips. I never let it get to my hard stop.

Yesterday, was not a great day. Even our experts only made slightly better than Break Even for that day.

So do not be disheartened. I would suggest you start a journal and post your entries. We will critique your trades; show you your strengths and make suggestions on how to improve.

[pointeast]

Also, market making traders are still not all back from summer holidays (vacations), so volatility suffers.
Hang in there, I haven't made a profit yet BUT I WILL

[immy]

Rhinomann,
thank you very much for your response.
Yes, I started with 1 % Risk ( 15 Pips Stop Loss ) and now I will start with
0.25 % risk only.

Yesterday was choppy and today too because everybody waited on the News.
Should not have traded before the News I guess.

I will learn how to post screenshots and post my setups to get feedback.

Hi,

Yes, I encourage you to start a journal. Post your trades. While you are learning, dont push your self too hard. Take smaller lost size trades. But dont go demo trading since that is completely useless. You will not learn. With time you will learn how the setup works and how the market moves. Why not join us for a couple of days to see how we trade. You might listen to a few of our jokes and some "burps and yawns".... as well along the way... :

cheers

[kaye007]

Hi ftrader.......you have been given good advice on what you have to do to be pip positive.....writing your journal is great because your trades will be looked at by Immy and he will advise you can improve etc.......keeping your loses small is great, making sure your entries tick all the boxes......another big thing is trade when there is momentum....first 2 or 3 hours of London Open and first few hours of N.Y. open...... another big thing is make sure your mind is in the right place when you start trading. Immy has a section on this in the forum.....good luck and keep at it.......

[immy]

Another thing, as long as the topic of your post remains "constantly losing with AIMS" your subconscious will ensure that your reality matches your belief system. In order to stop losing you have to "take focus off losing" and diver that energy towards "Creating Profits". its a long topic but I'm giving you a hint!

[immy]

Before I suggest that technique, lets see what are you focusing on right now?
This dont work, that dont work.

Remember:

"What the mind can conceive and believe it can achieve"
"If you think you can, if you think you cannot, you are right"

I'm writing eBook on the Mind. I will discuss the mind and the blocks and how to clear them.

cheers

[immy]

You know more than I know. I hope to learn from you. ^:)^

[immy]

I doubt that you will like it. Because its very simple. And most people dont like simple!

[Pete]

Hey fftrader hang on in there. Immy does know a way to change your perspective of trading and life and it probably begins with Silva.
Believe me it is possible to change your attitude to deep down things.
Stick with it fella
good luck
I've always wanted to do this IMHO because I had to ask what it meant

[Jerzy]

Hey ftrader,
When I read your posts it is as if wrote them myself. And yes: there is a lot of discretion in trading AIMS and I think there is nothing we can do about it. I also have a lot of knowledge about markets, systems, psychology etc and I think too much knowlegde does not help at all in trading. However, when we start to trade any new method time is needed to master it. I try to foucus on trade examples posted in forum and in blog. When I see some discretionary approach like for example trades examples posted in the blog on thursday Sept8th http://www.itradeaims.com/ I jus try to have a closer look at charts and ask myself a question if I could take these trades based on some sort of the spirit of the system.