Duxon's Archive

Discussion in 'Journals' started by expiated, Feb 1, 2019.

  1. Sure, if you give your traders the ability to use their own judgment to help with selecting trades that could lead to problems. I was picturing more of an employer/employee relationship where they are told, you buy on a green alert, sell on a red alert and if you do anything else, you'll be fired. :D See, I think people could trade a system like that and do well. But if they're told they can choose which alerts to take based on how they think it might work out then who knows how they'll do. :D

    Yes, I see your point that having full confidence in your system leads you to having self-control. Speaking from my personal experience, my worst times of losing self control happened when I saw price action that didn't match my plan but I wanted to trade anyhow because I thought I knew what price would do....or what I wanted it to do :D and so decided to do my own thing. One of those days I tried doubling up when I was wrong...something I had tried a few times years ago without success and had told myself I will never trade like that again, but in the moment of trading, I decided to try it. Trading in the moment what you want to do has got to be one of the worst things a trader can do, and the price was that I blew my account...Poof, and it was gone! This was back in July.

    I'm glad to hear you have no problems with self-control when it comes to following your plan. From the screenshot it looks like you have got some clear rules! Nice work!
     
    Last edited: Nov 15, 2021
    #651     Nov 15, 2021
    expiated likes this.
  2. expiated

    expiated

    Yeah, this would certainly give an individual an awful lot of motivation to follow the rules (and is how I plan to operate). Plus, since you're trading someone else's money, if a trade doesn't work out...no sweat. You personally don't suffer any damage, and any loss to the company is their fault. You were just doing as you were told.
     
    #652     Nov 15, 2021
    studentofthemarkets likes this.
  3. expiated

    expiated

    MILESTONE!
    I am essentially finished with my exploration into the world of Forex. My system, Numerical Price Prediction, is fully developed and I am almost finished writing the book about it, which I plan to publish on Amazon. Accordingly, I will no longer be using (William) Duxon's Archive to document my trading activity and will transition instead to recording whatever random off-topic things that are of interest to me happen across my path. Consequently, if at some point any of this forum's moderators feels inclined to move this thread to Chit Chat...great.

    upload_2021-11-16_7-11-16.png
     
    #653     Nov 16, 2021
    studentofthemarkets likes this.
  4. expiated

    expiated

  5. expiated

    expiated

    Cool costume!

     
    #655     Nov 17, 2021
  6. expiated

    expiated

     
    #656     Nov 18, 2021
  7. expiated

    expiated

    upload_2021-11-19_2-52-38.png
     
    #657     Nov 19, 2021
  8. expiated

    expiated

     
    #658     Nov 19, 2021
  9. expiated

    expiated

     
    #659     Nov 19, 2021
  10. expiated

    expiated

     
    #660     Nov 20, 2021