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Evaluation: Trading the Beast
I’ve been a long time lurker in these forums rarely posting only to clarify things (under another name) and not associated to what I am saying now. I watched systems come and go and signals services offered that don’t quite deliver what they promise. I also been through all the things new traders go through. System hopping, indicator addiction and indicator frustration. The things that we all go through on our journey in this market. For the last 1 ½ years I’ve been successfully trading when I could, outside of my career, slowly building up my accounts to a stage where I can now sit back and relax (to a degree). Before that I made all the above mistakes and more. All up it’s taken me three years of hard slog and grind to get to where I am now.
What makes me laugh is all the signals service providers who promise or “guarantee” a certain level of pips. Come on, let’s be realistic!! You can only take what the market gives you. Some days all your trades will go wrong but other days you will nail every single one. So how can a site guarantee 30 pips a day? Deep down you know the answer. You can’t guarantee pip counts. You may not have got to that stage where you realize it’s not the pip count that matters it’s the management of your losing trades. Some of these so called signal providers will let massive drawdown’s occur all the while using the excuse that it’s a long term trade and the market will come back. Or it’s only a loss when you close the trade. I understand that it’s only on the books when you close the trade, but to mom and pop traders who have limited trading capital, being 500 pips down is not good money management.
What I’m going to offer is a trading room that’s initially free with a mind to build up some good pip counts per day. I’m not going to guarantee x amount of pips, like I said earlier you can only take what the market gives you. I will say however that I regularly make 100 pips per day. I trade only one currency on a regular basis, but will trade others when a good opportunity presents itself. I use only tried and true methods, those being Price Action and Support and Resistance lines. No lagging indicators for me, just naked charts and good old Fibonacci. I don’t care what people think about PA and Fibs, it works for me, and even if Fibonacci Lines are seen as self fulfilling prophecies that means to me that they are the only certain things in this market. So you’re better off trading them. I always trade with a stoploss, mind you not 100 or 200 pips away. 30 pips or the nearest support or resistance line. That’s all.
So for all you beginners out there wanting to trade alongside me then feel free to try out my room. Like I said it’s free initially. If you like it signup, if not that’s fine too. For those that choose to open their minds a little who are perhaps with other trade services that aren’t quite good enough, ask yourself what did the website look like whom you signed up with?? Did it have pictures of expensive cars, or bundles of money with dollar signs pasted everywhere. Did it have emotional sentences including “easy to make money” “sure thing” “purely mechanical”. Well what do you think? Is it all of these things? Or have you come to the realization that you got a little sucked in with the promises and hype. Ask any successful trader how easy it is to make money when you are learning. It’s bloody hard. Long nights and early days, reading charts, adding indicators, following other peoples systems, basically looking for the Holy Grail. There is no Holy Grail. But you can take money out if the market consistently with a common sense, simple approach.
My room is not about me teaching you, how you should trade. I’m a trader not a teacher. But after you see how I trade you will see for yourself how simple it is. What I intend is for you to decide for yourself whether to take any trades that I call. If you do that’s fine, if not hey I don’t mind. What my room is about is the ability for you to trade with success while you are learning. I want you to go through all the steps I went through, that is the only way for you to learn how to trade. All I’m offering is for you to gain a little confidence that you can take money out of this market most days if you are diligent.
So if after reading this long winded pitch for my trading room, then feel free to shoot me an email at tradingthebeast@gmail.com and I will pass on all the details of the room, trading times, what to expect etc. Remember it’s free for a short period so feel free to jump in and have a look. There are no obligations to signing up after the trial period has expired. Hope to see you there soon. Happy Pipping..
The Boss
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