Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000 -
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thread: Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000

  1. #31
    Again, I'm sorry but it's getting increasingly more difficult for me to post regularly as I used to.
    I have been trading without much dediion and I believe that is why I've been LOOSING.
    My current account equity is $31.00

    I have been thinking about my posting arrangement and I think it's sometimes too complex to replie all the trades I take.
    Do you believe the info of EVERY trade is neccesary?

    AnywaysI hope I will go back to my usual trading.
    It is difficult to unite a lot of items with the trading.

    I am not too worried about my equity. I am pretty confident I will go again to get the right path.

    Bye

  2. #32
    Thanks habeeb,

    I have been watching at my account statement and there's a lot of losing trades in a row. I have not been able to win.
    I must state that my opened transactions were stopped so I am at level 5

    I'll be back
    check my 100 trades analysis and I'll show some losing trades in a row.

    I think that the 28 measures to 10,000 is a fantastic ch, but when I read your articles, it seems that the egy itself leaves you risk too much, or induces emotional baggage when you make the transactions (such as excitement when you gain a degree or despair when you drop down)
    whenever you have the desire to reach 10,000 at the back of your mindyou may do whatever it takes to reach that level, just to proof to others or yourself that this will operate. The issue is, this may sacrifice your capacity to think at a neutral manner about transactions, to not risk too mcuh on a single trade, etc..

    So I think you want to refocus, and maybe change the financial plan a bit.

  3. #33
    check out my 100 transactions analysis and I'll show some losing trades in a row.

    I feel that the 28 measures to 10,000 is a fantastic ch, but when I read your posts, it would appear that the egy itself leaves you risk a great deal, or causes emotional baggage when you make the transactions (like excitement once you acquire a degree or despair once you fall down)
    When you have the urge to reach 10,000 at the back of your mind, you may do whatever it takes to reach that amount, just to proof to yourself or others that this will operate. The problem is, this may sacrifice your capacity to think in a neutral way about transactions, not to risk too mcuh on a single trade, etc..

    So I think you want to refocus, and maybe alter the fiscal plan just a bit.
    Thanks for your advice.
    Enjoy it.

    It is true what you say. It may add some stress when you think only on reacing the goal.
    But I also see it is really necessary to have any goal or path to follow as otherwise you are just going nowhere.

    How can you think we can alter the egy? What are our hints?

  4. #34
    Thank you for your advice.
    Enjoy it.

    It is true what you say. It may add some stress when you think only on reacing the goal.
    But I also see it's really vital to have any goal or path to follow as otherwise you are simply going nowhere.

    How do you think we can change the plan? What are our suggestions?
    I think rather than focusing on a financial goal, you need to focus on a system improvement goal.
    Analyze your transactions, record all the information like price entered, risk, s/l, r:r, etc.. Then modify after number of specified trades (I propose 20) and determine what the performance is really like. Add something to the machine and examine it again with 20 trades. Try this over and over along with your live account before the operation fits your needs. However, always remember to not risk a great deal, otherwise this would not work.

    The purpose is that, work on the machine and focus on improving your rate of return over time. Then the positive performance will translate into cash in your account (thus increasing you in amounts!)

  5. #35
    Just wanted to post to allow you to know that I'm not dead or anything

    I've just not been able to trade the previous few weeks. It has been a conjuntion of personal troubles, work, internet connection, etc..

    I don't believe this week I will be able to trade either but I expect I will start again next week


    Bye

  6. #36
    Junior Member elboticario's Avatar
    22
    Do not worry about it man. Those things IMO are more important than trading. Take your time. Trading will probably always be there.

  7. #37
    Senior Member jgaleras's Avatar
    159
    Efex, this thread prompted me to begin my own goals setting system according to your level technique. So thanks and wish you the very best of luck!

  8. #38
    Efex, could we see that a plan of all of the levels?

  9. #39
    Junior Member Budabar's Avatar
    15
    Could somebody plase be so kind and send me the pdf effex was speaking about?

    Aidanpryde(in )nerdshack.com

    thx a lot !

  10. #40
    Forgot to mention about my overall objective.
    That is, when I finish going thru each of the 28 levels, and receive my $10,000 I'll take $9,000 of profit for my pocket and another $1,000 I'll start another experiment to apply the initial plan to earn $1,000 into $1,000,000.

    Thus, that is my main objective.

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