nit2wynit

September 11, 2019

2 minutes ago, dmedin said:

VMware looked a good buy on a March 2020 future as it fell a lot and seemed to be rebounding.

I don't know about Futures. Worth a look? Or you won't know if it's good till March 2020?

September 11, 2019

3 minutes ago, dmedin said:

I'm spread out over multiple things, overtrading again. Can't help myself.

Did you pull out of JD then for a profit?

September 11, 2019

6 minutes ago, dmedin said:

Today: long on Apple.

erm...Confused.com

Yesterday you said you'd have gone long on JD @ £5pp if you could afford it, meaning you had less than 1k. To go small ppp on Apple you need £2200 Margin cover.? :O

Up today. +£155 on yesterdays Stock of MallIncKrodt......Down £25.50 on Eros Inc. plus a small loss of £2.40 on Maxar. I relied heavily on Yesterdays Watchlist which I now regret but therein lieth the lesson; Patience. Warrior Trading showed up Yuma which at my last look was up 130% but I can't trade it so defaulted. Too eager, too soon.

September 11, 2019

9 minutes ago, Caseynotes said:

well good luck, what's on the watchlist today then?

I struggle to get one sorted until it opens at 2.30. I use the 1st 10-15 mins to find what I can out of the thousands available. I only need 3 to watch though. I have a preliminary list of those available now but they're not suitable. I'll also check the Watchlist from Warrior Trading at around 2.15 to see if I have access to them, and then look for the best setup that suit my account size. However, I'm not bound by the same restrictions that Share dealers have re; Volume, Price etc. My limit is the Spread and cost per point. The mechanics are different as I'm sure you're aware.

As I did yesterday I'll show my Watchlist on here and any Success or Loss, then take note of any obvious mistakes I've made. I'll will not to risk my entire profit from the week. Max stop will be £50.

September 11, 2019

3 minutes ago, Caseynotes said:

(ie away from simply blowing up their account in a matter of months, but admittedly with limited success).

I witnessed a conversation on here a while back discussing the remuneration possibility. Maybe it's not your goal, so don't take it the wrong way if It's not. My point was about Making Profit from knowledge. Not specifically about you.

Unfortunately and as a Teacher (unofficially) an individuals Learning Curve involves Loss, Reflection, Adjust, Try again.

Some learn from reading, but the emotional aspect of Trading can't be read in a book. It must be experienced.

I lost because I didn't stick to my plan; Finding Breakouts. 1:1 PL. I became confused, fearful and impatient, over cautious, hesitant etc. But I've learned it, and at -£1400 over 6 months, it's still the cheapest 'Education' I've ever had.

Uni cost me £15k. Restaurant cost me £50k. £1400 is a year of car repairs and maintenance, but I still have Rules and a Limit and this is why I've pulled out till I prove 1k up.

The rest of this week will be telling as I continue to use the Demo to find breakouts. Yesterday could have been up £800 from a £38 risk. Excited to see what today brings, but still a healthy Respect for any losses. As of Monday I'm up £267 Down £110.

September 11, 2019

1 minute ago, Caseynotes said:

The concern shifts to building account size and so enable greater position size rather than starting a spinoff business I would have thought.

Despite his account size he has a Limit on Trade size or shares bought. It's not an exponential risk.

Brain Surgery requires Practice and then Proof like anything else, so you're right. you wouldn't simply watch a video then try it; why are you assuming trading breakouts is any different? Warrior Trading offer a purpose built Trading Platform and Demo account with Mentors. He also has a Brokerage account where Traders pay only $2 per trade. You are advised the entire way. Only when you have proved success on the Demo do you move to Live Trading. The Chat room is there also. Suggesting it's all Fake and just Making Money is well.....Is the Point, isn't it? Why do Teachers exist at all in school in that case? Why work for someone else if you can do it yourself. I'm assuming you and others are hoping to gain some kind of Remuneration for your contributions here?

You're dead right about Time. But you're assuming a person starting from nothing; here we're standing on the shoulders of Giants; those that have gone before us. Gained knowledge and experience in a digestable format.

We're not talking about Tools and Indicators and the entire world of Trading needing to be learned. I believe they use only 2 or three tops, with the main emphasis on Chart reading; where's it been, where's it going. Can I get a few stops of movement?

Trading breakouts isn't Rocket Science, but still requires Chart knowledge. Aiming for 1:1 or 1:2 PL is very doable. Small Stops. If you've got it wrong, you're out. If you can get it right more than 50/50 you're OK.

Risky? Every single thing in Life carries Risk.

September 11, 2019

19 hours ago, dmedin said:

This was my breakout today - been watching it for ages and lost money shorting it not so long ago. If I was in a better mood I would have done £5 per point.

You must be happy today?? Or disappointed you didn't place more stake on it.....Still, you're winning?

September 11, 2019

21 minutes ago, Caseynotes said:

I did actually and was plagued for months afterwards by adverts to join his 'pay for group' which seemed to be his main business.

To finish.

Trading is Stressful and comes with Risk, regardless of your percentage of success. Selling what you know requires No Risk.

I know which is better for me.

September 11, 2019

1 minute ago, Caseynotes said:

I did actually and was plagued for months afterwards by adverts to join his 'pay for group' which seemed to be his main business.

Funny. I've had similar conversations with Dmedin and people in the Real World for years.

It's BECOME his Main Business, though he still Trades Each day! His Business is showing how to trade for 2hrs per Day and Make Money. What you offer on here is advice on how to Make Money; you just don't seem to Profit from it.

I'm an Entrepreneur and have many skill sets. In the past I have offered basic classes on Carpentry, and Photography as 2 examples. To assume I have nothing to Sell of Value with regards to Information or teaching is narrow minded in an info rich world of commerce.

Revenue Streams. Strings to Bow. Change. Add some or pick one.

I can work a Day as a Carpenter fitting a kitchen and make let's say £200. I can also put a class on in my local Institute on how to hang a door or put a shelf up and charge £30 each for an hour class. Pro Rata I can make more money selling my knowledge and proving my skills than I can actually doing the work myself.

Selling of Info is not a new Idea. Teaching of skills you have is not a new Idea. Being good at something and NOT realising you can Capitalise on your skills and knowledge means you'll be forever Working.

I work toward a Passive Income. Always. If I have something to Sell, I will. If I can make more money Pro Rata Selling my knowledge instead of actually Working, then I'll do that. If I can generate 2k in one Day taking out 8 people and showing them how to use Off camera Flash, I will. I can't make that money working as a Photographer in one day.

So, 24 hrs a Day, 7 Days per week, 365 Days per year. What makes YOU the most money?

September 11, 2019

9 minutes ago, Caseynotes said:

yes, that's understandable and no there wasn't really a question but just pointing out that the tools he is using to do the job are very expensive to get the results he claims and that the DMA was key which is available via IG. I'm assuming he is hooked up to all the big US exchanges to trade the companies on his watchlist that you are trying to copy and you would need to do the same.

I see. My apologies I thought you were trying to trip me up.

He didn't start this way. But as I've stated in the past he has turned around 600 into 1mil. Confirmed. It's all there to see.

He only trades breakouts. I suggested you do a little more research on him a while back but I'm assuming you didn't. Plenty of people on the web sharing the same advice and I've proven it myself on the Demo many many times. I should be able to see success with Spread Betting if I can find the Instruments to trade before market open.

September 11, 2019

4 hours ago, Caseynotes said:

you don' like the IG's cdf (sb) platform for trading small US stocks that probably do small volume with UK traders

I do like the platform. It's easy to use and navigate, but it's not the fastest or smoothest of several other UK platforms I've tried.

4 hours ago, Caseynotes said:

I pointed you to the DMA platform which you looked at but didn't follow up on

I did follow up on it and it's being considered, but the extra learning and costs involved have caused me to rethink and since then I've gone back to my initial idea which is to find and trade breakouts. However, I knew what it was and where it was as I downloaded the Trail in April but never used it. Spread Betting in the UK is Beneficial as an alternative to Share Dealing because of the costs involved, but at the expense of Instruments available to trade. (thousands of other people around the world trade Breakouts in the same manner he is showing. This Guy is not God. Trading breakouts is not new. I follow Ross because he shares each day his Watchlist and then a Recap the next day of his trades. Win or Lose.) What he uses Now being a 'Millionaire' is of little concern to me. I'm interested in what is needed to succeed. From what I can see he has been on YT since 2014 showing his trades.

I'm not sure there was a question in here Casey?

September 10, 2019

5 minutes ago, dmedin said:

I'm telling you, the only people who don't lose f*kloads of people are the ones who sit and do 'analysis' all day and never actually place a trade.

I will prove it to you before the year is out

September 10, 2019

Sorry. Being a total tool. That didn't come out right. I thought you were already in the Trade and the Breakout was a part of a happy accident. My bad.

Why did you trade so low on it and get in so late?

I've made trades Live like I showed you today, back in April. But I wasn't consistent and Over traded. I lost most of my money chasing Indicies and Gold.

Of course, your JD set up is perfect, but I think you left it a little late to get in and didn't risk enough per point. There's a perfect get in at 641 on the 1M. Also you've nailed why you should have got out. What goes up usually comes down.

Be out by the end of the day. i think you can only go Long if you're trading with 100k account and can cover stops of hundreds of points per week.

September 10, 2019

1 hour ago, dmedin said:

This field is full of bullsh!tters and frauds who will convince the gullible to sell their own grandmothers.

You've clearly gone to the Dark Side lol.

New Day tomorrow. More opportunities to Turn it Around

Recession Looming. Buy Gold.

September 10, 2019

1 hour ago, dmedin said:

Just lost more than £20 on a sudden reversal on brent crude.

Total mug's game, but I keep coming back day after day to get sh*fted

Show me where you placed the trade and lost it?

September 10, 2019

@dmedin......................

The (guesstimating here) average Daily point movement on JD is anything from 1pt to 10pt In an Entire Day!

Why the actual **** would you trade such a slow moving Target? You'd need to place a minmum of £100pp and hope it went Up for 8 straight hours just to make anything.

Who or what told you JD was a good trade Idea? :O

September 10, 2019

2 minutes ago, dmedin said:

This was my breakout today - been watching it for ages and lost money shorting it not so long ago.

Wehey.....Up £20 a Win

You know, I appreciate you didn't ask for my advice or for me to give you ideas......but if you'd said you weren't up for it I'd have concentrated on my own charts...

jus sayin! :O

September 10, 2019

3 minutes ago, dmedin said:

I'm behind ...🙈

behind what? the curtain?? lol

Trading is over bud. Missed it. Might get a 2nd wind after lunch but I rarely hang around after 4.30.

I'm trading to free up time. Money is the bonus ball.

Despite this being the Demo I still have a Fear of Loss as my goal is to grow the account balance and be sure of my Win/Loss ratio being above 50%. I don't want to lose here either, so I'm still cutting my Winners too soon. Yesterday was a win up £150 but also a loss as I lost £100, giving away 2/3rds. Not ideal.

A total of £800 to be had here today if i'd kept it going. Total ppp of £9. Stop at -£100, Margin at about £560. Low Spread on this too of only 3pt. This is a perfect setup.

The Stop of £100 really is just a marker of absolute risk. The spread being 3 and 3 extra in the wrong direction would be my limit to make me get out and reassess.

September 10, 2019

Well, it worked out. I actually got it up to +£45 but slippage or timing got me out for +£36.

Total for today on this 1 Instrument = +£87

How did you get on with your Watchlist @dmedin ?

September 10, 2019

Now just to prove I'm still capable of being stoopid, I've gone back in right toward a previous high. I expect it to fail and lose £200 We'll see.

It's important to prove to yourself a fail too. To know you've made the right decision in being the wrong move.

September 10, 2019

In my eagerness to prove it, I got out too early, then got back in (Big No No) to give back £27, but got back in and out too early to take £36.

So. Up £78 -£27 = +£51.

However, with patience and a £100 risk instead of £38 at the 1st Pullback, there's nearly £500 in that move in Half an our using a 1k account. But my margin would have only been around £500.

September 10, 2019

Watchlist.

September 10, 2019

Made £42 with a £38 risk. Took about 5 seconds. Stop at the Red Candle Dip. Took profit over 1:1.

Instrument: MallIncKrodt PLC. It's still on the move.

September 10, 2019

2 minutes ago, dmedin said:

They are a secretive bunch of cave dwellers, because the only people I see on the web who say it 'works' are people selling you access to their courses and videos and books. I.e. bullsh!t artists!

Your energy is off. you're clearly NOT creating a Watchlist are you? :O

September 10, 2019

@dmedin Can you see this? Take a look. However, most of the time the Stocks he has in his list are often unavailable here.

Profiles

Forums

Blogs

Events

Community Tutorials

Store

Posts posted by nit2wynit