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Believe that AIMS is YOUR system and that IT IS Successful. One cannot trade a system successfully until and unless one has great belief in the system. As long as one does not fully trust the power of their strategy one will have the necessary confidence in themselves and their strategy. We need to stop looking for holy grail systems, because the holy grail is within us. Establish a Goal, Believe You can do it, and get on with it! Its that simple.... though it is very hard ,i know!
Right then! I'm off! it was a good trading day indeed! no rents! cheers once again
Merry Christmas , wish you all a great Christmas Eve!
Thanks for all your support since I joined!
I'm not looking for anything else, there is something magic about Aims. (In a little community of traders I talk to we call it Amy!).
Have a wonderful Christmas break and enjoy the fruit of your labour
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
4 trades so far at tight risk exposure, 3 winners , 1 loser, net effect +1.25%
Best trade is on chart.
Let us all remember Immy's analogy about bricklaying
Here are the numbers:
1 pound (dollar or whatever you use), compounded at 1% daily through 2013 would multiply your capital 13 times
at 1.25% 25 times
at 2% 48 times
That's just for trading every available day (M-F) which would be rather impossible for 99% of us, however 1 to 2 per cent is very achievable in the long run.
Brick by brick, we are building financial freedom!
Best wishes for 2013
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
wiseambitions wrote:Monday morning, (Last day of 2012).
4 trades so far at tight risk exposure, 3 winners , 1 loser, net effect +1.25%
Best trade is on chart.
Let us all remember Immy's analogy about bricklaying
Here are the numbers:
1 pound (dollar or whatever you use), compounded at 1% daily through 2013 would multiply your capital 13 times
at 1.25% 25 times
at 2% 48 times
That's just for trading every available day (M-F) which would be rather impossible for 99% of us, however 1 to 2 per cent is very achievable in the long run.
Brick by brick, we are building financial freedom!
Best wishes for 2013
Ray!
Compounding is so motivating! The power of money management. I was one of the lucky people, from day one, i t raded with 1% of my account only. Perhaps in my case, my former education about Finance and Marketing helped here. You often here that former education does not help in trading but in this case it did help. Not many people think of their risk when they trade, but I knew it from the start. I was lucky! I remember those F values of P investments LOL .
Do you see this massive difference, between risking 1% and 2 %? 1% gain per day takes you to 13 times, so common sense would say, ok if I do 2% that would be 26% but no, its compounding, hence 2% takes you to 48times. thats 4800% haha... I'd be happy with 10 times this year.
cheers.... all the best ... Happy New Year
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
@0.5% daily, 260 trading days in the year. 3.6 times capital multiplication
@2.5% 614!
Can you imagine turning £1000 into £614000 by next new year's eve?
I honestly think someone who has the necessary discipline and who could trade full time is capable of achieving it. All it requires is incredible attention to detail and total dedication. And for safety due to problems trading such big lots, it would need a trade copier so that sessions can be replicated across multiple brokers (I use one where the sub accounts poll to the main account every second or two and copy all purchases and sales proportionately)
I am going to target 1.5% a day, and am so happy to have made it 1.85% today, from 4 trades, although I've stopped early
Let's see who wants to join in this challenge?
Good luck guys today's summary: +5(rounded), -12 (my fault!), +7, +12, +5 Total 16 pips
just over 1.8pc ROI
This is in keeping with my daily average since 1st October. 2% a day IS IS IS IS possible !
.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
2013 is going to be a fantastic year for anyone who is fully dedicated to their trading with this system.
And as a real example of what it has done for me, these are real results over a period of 10 weeks. I spent an hour or two analysing the data and have been astounded by the findings although I knew they were good:
Trading eurodollar, mainly on m5 and longer timeframes.
93 trades. (9 trades a week)
852 pips gain. (after counting for the broker spreads, but excluding swaps for overnight positions)
9.1 pips profit on average per trade
17 pips average per business day (Monday to Friday)
85 pips average a week. (Immy and I agreed 50 would be quite acceptable)
best week 316 pips; worst week, zero, no trades closed, so no profit nor loss
worst day -37 pips, best day 133 pips
If this could be repeated not just for the next 10 weeks but preferably for the next 52 then I'll have conquered it absolutely hook line and sinker.
(Give a man a fish you feed him for a day, teach a man how to fish and you feed him for a lifetime!).
I have never felt more optimistic about my prospects, the more you put into this the more you will get out. If you had a gold mine would you work in it just five minutes a day? The day when I will give up other distractions (the day job!) is getting ever nearer for me and one or two other traders I buddy up with who are onto the same thing.
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
my first trade of 2013, a winner of 10 pips (1.2%)
Looking forward to many more
This is the only strategy I intend to trade
Good luck guys
PS 0900 GMT: And another 5 pips on a quick long trade 0831GMT closed at 0834
and 10:45 GMT update, I missed most of the slide this morning, but took another 5 pips on an addon, currently up 21 pips on the day, 2.3%, I have really scaled back on the volume. There are funny things going on today, eg Alpari have shown spikes which other brokers have not, and they would hurt if you were the wrong side!
11:30, another short scalp, on Aims principles, 5 pips, on an m5 Add on; bringing me to up 3% on the day, which surprises me pleasantly as I am only trading small volumes. Can't say I am enjoying the market conditions all the same.
12:30. My phone is acting as a distraction today; I missed the turn around in the last 40 minutes except scalped another add-on, along Aims principles again, 5 more quick pips. Currently up 3.6% on the day. All for a morning's work. Bricklaying and making excellent progress. Actually the good part about it is bricks get bigger!
12.55. Another 5 pips, same principles. up 4.36% on the day. Many investments are lucky to make that in a year. Dont know why I dont give up the dayjob. This is a goldmine. And I couldnt bear owning a goldmine and only being able to work in it for a few minutes a day! I'm sure there's someone out there who is a zombie and who sits at his screen making 10pc a day (without wanton risks). I'm convinced it's possible
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
Wednesday was a fantastic day for me. Although there were not many dot alerts I managed to ride most of the waves by add-ons when there were breakouts from the aims boxes, and this enabled me to capture about 60 or 70 pips and a phenomenal 10.5% ROI. However that was at the cost of being near the screen for more than 12 hours, and is not a normal day's work.
This morning I got chopped in the bits that hurt in a lot of whipsaw and took a lot of hits until just after 10 when I closed out in 1.6% profit, which I still consider a reasonable result in those circumstances. 14.5% on the week so far, from 20 hours screen time!
Due to the massive slide in price again the last hour, the purple line is high above the price meaning I would still only be looking for short signals until that comes back towards the price action
12:45 Update. My mistake, I set tp of 1.0 instead of 10! That was on an add on trade; anyway at least it wasnt a loser and I'm up 2.4% on the day
16:00 8 trades so far, 7 wins 2 loss, was trading today at between 0.5 and 2% risk depending on how I was able to babysit the sessions (naughty [-x )
The account is up just over 4pc on the day. Unbelievable. Bricklaying steadily. If I had the time to devote to it regularly like now I'd build or buy a manor house in the country at this rate.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
Oh crumbs. 29 trades so far this week. PF 4.15 18.2% ROI max dd 2.4%
If only I could carry on at this rate, but alas I have another business to run, and I will have to scale back.
I am finding out more about myself, in particular I wish I had the willingness to stay in trades and trust the Fib line projections, from the ewaves indicator. I would easily double my luck if I did. Its forecasting ability is uncanny, I've seen it go to 61.8 exactly on several occasions today. So it's an add on accessory to Aims which I would heartily recommend.
If you had a gold mine would you just work in it for 5 minutes a day?
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
18.2% ROI