Dump it Here

[TimeISmoney]

On the dangers looming for the west...
Not share trading and following Mr Skate post
About the rise of antisemitism in France.
For 40y , the front national, a nationalist movement, now the RN has been labelled as racist, antisemic and members/ sympathetic voters treated as being Nazis.
As a result, and for the last 40y including last election, if heading to a duel, far leftists,communists, greens, to right, LNP equivalents banded together to prevent RN access to power.
Yet, gay bashing, women attacks and rapes, knive street slaughters as well as christian and Jewish sites desecrations have now reached extremes, churches are burnt by the hundreds, jews attacked or assaulted in the street...
But not by the RN, the so called far right, but by their new muslim imported far left youth. 600000 a year, year after year, overwhelmingly african muslim young boys
The riot last Sunday were not by disappointed far right voters, but by the antifada.. the very same Chavez loving far left which managed to get control of the parliament
I will also share some figures:

These elections votes:
far left LFI 25% 7.5 millions
RN 36% votes.10 millions
Macron party 23% 7 millions
By far RN first party by vote..yet at the parliament, in seats
LFI (far left( ended in #1 position
View attachment 180318
So democracy when initially set for a duopoly can become very twisted and hugely non representative.
I hope Australia will avoid the slow descent.vote well, do not swallow the BS on the propaganda and switch off their ABC.
This fight is really for the foundation of our western society, notion of law and order, property rights, equality of opportunity, not equality of outcome, justice and ultimately good and evil,(not in the religious meaning).
The US of A has switched off its beacon, we need to find our own and this is not tribalism, apartheid, or universal income/squatters
Back to the share market, which has a link as our next market/economic collapse will most definitely bring these critical issues to the surface.
PS
As you can tell, i am not a Melanchon fan, this is a really dangerous party nazi means national socialist.. never forget that second part
i consider myself more Australian than French and my ethics prevent me from voting in a faraway country where i would not be have to assume the consequences of my vote, so this is all seen as a mirror of coming troubles here

It sounds a bit like what happened with the IRA in Ireland, it started out as a group dealing with discrimination and then the extremists took over and it went to the next level.

 

[Skate]

Overtrading
The current stats for this daily trading strategy paint an interesting picture. Overtrading can be a common pitfall, so vigilance is required to avoid it and preserve the strategy's effectiveness. With an adaptive approach, this daily trading strategy has the potential to continue generating positive results over the long term.



The Summary
Total Trades: 30 (10 open, 20 closed)
Win Percentage: 57% (17 wins, 13 losses)
Average P&L: $276 per winning trade, -$106 per losing trade
Net Profits: $4,696
Net Losses: -$1,379
Profit Factor: 3.40

The Analysis
1. Positive Performance: The portfolio shows a net profit and a profit factor greater than 1, indicating overall profitability.
2. Win/Loss Ratio: A ratio of 2.60 suggests that the average winning trade is significantly larger than the average losing trade.
3. Sustainability: With a win percentage above 50% and a positive net profit, the trading strategy appears sustainable.

It's a Work in Progress
Overall, the results seem favourable at the moment. However, I'll continuously monitor and make the necessary adjustments to ensure long-term success stays on track.

Skate.

 

[Skate]

It's Hard to Know What Others Want to Read
All forum members have different interests when it comes to trading. Without asking, it's not easy to know which parts of your trading journey would be most helpful for others, especially beginners. The best thing is to just share your experiences openly. That way, readers can choose the information that is most useful for them and their trading goals.

Diverse Trading Experiences
Trading is very diverse, and traders often have more experience in certain areas. However, anyone interested in trading always wants to learn more about what others are doing in the markets.

Skate.

 

[TimeISmoney]

I haven't moved a finger on the AI picks, 11% gains ain't bad for doing nothing.

 

[Skate]

Sharing Information
We all retain a tremendous amount of information that can be beneficial to others. Sometimes we forget that we are at different stages of our trading journeys,

When I Started Trading
I had an initial bankroll of $600k that grew to over $2.4m in a short period. I was system trading multiple strategies across a wide range of companies. However, I didn't have a deep understanding of the companies I was trading, nor was I particularly interested in learning more about them - it was purely a numbers game for me.

To limit my exposure
I capped my positions at $25k, but this made it a constant struggle to enter and exit the markets without incurring significant slippage. Looking back, my approach was quite narrow-minded. I was solely focused on the numbers and trading mechanics, without developing a deeper understanding of the markets I was participating in.

Skate.

 

[Skate]

In December last year, I decided to give trading away
While the money was good, my passion had turned into a nightmare. I was constantly thinking and even dreaming about trading, and it was consuming every thought of how to improve further in this pursuit. The relentless focus on optimising my trading systems was taking a toll on my overall enjoyment of the process.

Stepping away from the intense focus on the numbers and mechanics allowed me to regain a more balanced perspective. This shift in mindset has helped me approach the markets with a healthier and more sustainable approach.

Skate.

 

[Skate]

In My Final Year of Trading
My largest single-position loss was ($426,925.08), while my biggest signal-position profit was $325,677.10. However, when I tallied up the results at the end of the year, the overall performance was still impressive.

Confidence vs. Intelligence
As traders, we have a hard time differentiating between confidence and intelligence. They say you shouldn't use the words "luck" and "trading" in the same sentence, but I was fortunate to find a trading approach that simply worked for me. With complete trust in my systems, I went all in.

How times have changed
I recall a time when losing $20,000 in a week felt significant, but these days, daily fluctuations are in the multiples of that amount. During one of my most successful periods, my wife remarked, "Bank it - so we don't lose it," a remark I often remind her about.

Nowadays
When there are substantial losses at the end of the week, the only response I hear from my wife is, "That's disappointing."

Skate.

 

[Miner]

@Joe Blow @Skate

Unlike yesterday three were so far four postings on this thread and I got no emails for this.
I did get yesterday and no change on settings.
Did get emails for WAF today however.

 

[Skate]

four postings on this thread and I got no emails for this.

@Joe Blow, I cannot afford to lose any more of my dwindling readership on this thread.

Skate.

 

[peter2]

The email function is working , but it only sends one message no matter how many posts are made and you must log in (read the post) in order to reset the email function. Then when you are logged out, new posts will trigger an email notification once again.

 

[Skate]

Over the years
I've learned that it's important to embrace the learning process, rather than seeking perfection from the outset. The focus should be on gaining valuable experience and striving for continuous improvement.

The desire to make a profit is the primary allure of trading, but one soon realises how difficult it is to consistently make money in the markets. A structured approach is a crucial starting point as it helps build confidence, which can greatly assist traders in navigating the complexities of successful trading over the long term.

Skate.

 

[Skate]

The email function is working , but it only sends one message no matter how many posts are made and you must log in (read the post) in order to reset the email function. Then when you are logged out, new posts will trigger an email notification once again.

@peter2, that's good to know. Only sending a single message regardless of the number of new posts, and requiring a login/read to reset the notification trigger is an interesting quirk to be aware of.

Skate.

 

[Miner]

@Joe Blow, I cannot afford to lose any more of my dwindling readership on this thread.

Skate.

@Skate
Thanks.
I will however give @Joe Blow a jail free card just because he works hard, a nice person , researching to resolve the issue and helping me to reduce my screen addiction

I do force myself to visit ASF and threads, I have subscribed.
So a little inconvenience but no issue.
Thanks for the educational stuff.

@peter2, that's good to know. Only sending a single message regardless of the number of new posts, and requiring a login/read to reset the notification trigger is an interesting quirk to be aware of.

Skate.

 

[Miner]

In My Final Year of Trading
My largest single-position loss was ($426,925.08), while my biggest signal-position profit was $325,677.10. However, when I tallied up the results at the end of the year, the overall performance was still impressive.

Confidence vs. Intelligence
As traders, we have a hard time differentiating between confidence and intelligence. They say you shouldn't use the words "luck" and "trading" in the same sentence, but I was fortunate to find a trading approach that simply worked for me. With complete trust in my systems, I went all in.

How times have changed
I recall a time when losing $20,000 in a week felt significant, but these days, daily fluctuations are in the multiples of that amount. During one of my most successful periods, my wife remarked, "Bank it - so we don't lose it," a remark I often remind her about.

Nowadays
When there are substantial losses at the end of the week, the only response I hear from my wife is, "That's disappointing."

Skate.

First year loss happened you have made the profit I hope?
I have made about USD90,000 on a crypto scam seeing my profit was US$590K.

 

[Joe Blow]

@Joe Blow, I cannot afford to lose any more of my dwindling readership on this thread.

The functionality is working as designed. Notifications will only be sent once if new posts are added to the thread. If the forum member does not then return to the thread to read the new posts no further email notifications will be sent. It is designed this way so endless email notifications are not sent to email addresses that are either no longer active, or where the recipient is no longer engaging with the emails.

 

[TimeISmoney]

Sharing Information
We all retain a tremendous amount of information that can be beneficial to others. Sometimes we forget that we are at different stages of our trading journeys,

When I Started Trading
I had an initial bankroll of $600k that grew to over $2.4m in a short period. I was system trading multiple strategies across a wide range of companies. However, I didn't have a deep understanding of the companies I was trading, nor was I particularly interested in learning more about them - it was purely a numbers game for me.

To limit my exposure
I capped my positions at $25k, but this made it a constant struggle to enter and exit the markets without incurring significant slippage. Looking back, my approach was quite narrow-minded. I was solely focused on the numbers and trading mechanics, without developing a deeper understanding of the markets I was participating in.

Skate.

What do you consider are the 3 most important things you learnt over the years that made you a better trader?

 

[Skate]

What do you consider are the 3 most important things you learnt over the years that made you a better trader?

@TimeISmoney, I can capture the essence of successful trading in just three concise points:

1. Trade unemotionally and logically
Removing emotion from trading decisions and maintaining an objective, analytical mindset is crucial for consistent performance. Letting feelings of fear, greed or ego influence trades is a recipe for disaster.

2. Treat the dollar as nothing more than a number
Successful traders learn to detach their self-worth from the profit and loss in their trading accounts. Keeping a balanced, impartial perspective on the fluctuating balance is key to making rational decisions.

3. Follow the plan
Developing and strictly adhering to a well-structured trading plan is essential. This provides the discipline and consistency needed to navigate the markets effectively over the long run, rather than chasing short-term profits.

These three key principles
Trading with logic over emotion, maintaining a healthy detachment from monetary gains/losses, and disciplined plan-following - have been instrumental in my development as a trader over the years. Mastering these fundamentals has undoubtedly improved my decision-making and trading outcomes which can serve as an excellent framework for any aspiring trader to follow.

Skate.

 

[TimeISmoney]

@TimeISmoney, I can capture the essence of successful trading in just three concise points:

1. Trade unemotionally and logically
Removing emotion from trading decisions and maintaining an objective, analytical mindset is crucial for consistent performance. Letting feelings of fear, greed or ego influence trades is a recipe for disaster.

2. Treat the dollar as nothing more than a number
Successful traders learn to detach their self-worth from the profit and loss in their trading accounts. Keeping a balanced, impartial perspective on the fluctuating balance is key to making rational decisions.

3. Follow the plan
Developing and strictly adhering to a well-structured trading plan is essential. This provides the discipline and consistency needed to navigate the markets effectively over the long run, rather than chasing short-term profits.

These three key principles
Trading with logic over emotion, maintaining a healthy detachment from monetary gains/losses, and disciplined plan-following - have been instrumental in my development as a trader over the years. Mastering these fundamentals has undoubtedly improved my decision-making and trading outcomes which can serve as an excellent framework for any aspiring trader to follow.

Skate.

Thank you so much for your responce and much appreciated.

 

[Skate]

While there were three buy signals generated at the end of today's trading session, the portfolio is currently at capacity. As a result, these signals had to be passed over for the time being.


CBA - Commonwealth Bank of Australia (passed over)
GMG - Goodman Group (passed over)
REA - REA Group Limited (passed over)

Skate.

 

[Miner]

View attachment 180462
While there were three buy signals generated at the end of today's trading session, the portfolio is currently at capacity. As a result, these signals had to be passed over for the time being.

View attachment 180463
CBA - Commonwealth Bank of Australia (passed over)
GMG - Goodman Group (passed over)
REA - REA Group Limited (passed over)

Skate.

Hi Skate
If I can ask - when you mentioned passed over because in shopping wallet money was not there and there was no opportunity to sell some from your current kitty and replace them with purchase of any one or two of the three buys ?

Regards