Traders Shop - All Things Trading

Following RVC’s suggestion of creating a dedicated thread to talk shop about All Things Trading - to keep the discussion separated from the ‘upgrade’-thread of RICH Trader.

I am myself just getting started with trading, but I recognize that there are quite a few here already who are dedicated (and successful!) to this craft, and with the release of the new RICH Trader - I bet more will embark on this journey. So my idea for this thread is to come together here for encouragement, celebration, education, tips and tricks, sharing your hopes and fears and stories about victories and stories of when you were not-quite-so-victorious. In short: All Things Trading!

From what I’ve come to understand so far, this is a journey of deep inner work in order to be successful in a sustainable way. Like the saying goes, the market is a mirror, and we all want to be in that % of the successfull ones, don’t we :wink:

So - what’s your story? When did you get started? What’s your hopes (and fears!) when it comes to trading, and dealing with money in this manner?

What’s your stack for making this happen?

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My stack for trading and investing will be RICH and RICH trader and the third one depending on the needs.
Started trading more than a decade ago, had great wins and great losses, one time lost it all and it was not peanuts.

Then it took me a while to start again, because of the pain of loss and to get the capital again to allocate to it. I was in technical trading, forex trading, automated trading and finally I found the way of trading that fits me best and made me successful over the time. There surely are much better traders and investors than me, I am happy with my direction and improvements.

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@Athanaxos Awesome idea to start this thread.

I started trading Forex in 2006. Had a fairly simple set up that worked out decently, however I would make a killing on NFP every month for a few months until the big banks would widen the spreads drastically a few minutes before NFP. I figured out a trick because I saw it repeated over and over.

The whales (big banks, large hedge funds, etc) had NFP in their hands before it was released to the public. They already knew the report results and weren’t supposed to trade until the very second the report was made public. Reality is though, the didn’t wait and literally you would see a little jump in the pairs 30 seconds before the report was released so I’d go in fairly heavy the same direction. I was never wrong and made some mad money.

Summary

Fast forward a year and the Great Recession started to hit and the Forex markets would swing violently with every new report, rumour, etc. I lost quite a bit of money and knew I needed a better system. So then I dove in and really researched all kinds of trading methods. Bought courses, went to seminars (I lived in Las Vegas for a bit so there were tons of seminars locally) read books, watched countless hours of Youtube videos,etc.

I bought backtesting software and tried out all kinds of methods with very accurate back data. I eventually created my own system but ultimately my personal psychology issues would kick in and I would self-sabotage and would lose quite a bit. Then revenge trade, etc.

Ultimately my savings dwindled and I got back into car sales for some time, then took a job as a supervisor in an office. I would find myself going back to Forex time and time again on during the evenings to try and work things out.

Fast forward to today and what stack I’m using from SubClub is Dragon Regen + EOG1 + GLM. I’m working on my core right now to get me grounded again to heal the financial trauma from losses, etc. I’ve only been using this stack since Feb 1.

The stack before that was Dragon Regen + GLM for about a month and a half. And about a month before that my stack was Dragon Regen + Genesis Mogul.

Ultimately what I’m aiming for is to eliminate my bad habits. Jumping into trades before they actually set up. Getting out of trades way too early because I’m afraid of losing. Revenge trading. The constant watching the trade like a hawk instead of making the trade and letting it do it’s thing. I always use a stop loss and a limit. I’ve had internet go out because of storms and various things, sometimes for a couple of hours. I don’t like my trades to be naked. You could lose everything that way. That’s not fear, that part is actually being smart. :wink:

So ultimately I want to be a trader who is calm, cool and collected. To patiently wait for the trade to set up then pounce. After making the trade just chill and let it go. I could read. Play video games. Whatever. I can set alarms on my phone to let me know when the trade closes.

The only reason why I’m not using R.I.C.H. Trader in my stack right now is because I need to give this stack another complete round or two before I do. I need to get the results from these, then move on to R.I.C.H. Trader (RT).

l’m quite sure my stack will then be C&C + RT + Raikov for at least one round and then take out Raikov and replace it with Love Bomb.

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I have been trading for 10 years now. Mainly forex and its derivatives. If I can go back in time, I would just do stocks. Which is what I am doing at the moment.

I need ways to raise cash tho.

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anyone trade the sports markets? football (European), tennis, boxing, horse racing etc

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@Kyuss @Forexpreneur Thank you for sharing your stories. Truly Legendary that you were able to take those punches and that you guys are still in the arena… makes me humble :flushed:

Healing financial trauma really is a big deal. Especially since finances are such interwoven with our contemporary way of survival…

@Samba9 If you’d like, can you elaborate on why you’d focus on stocks if you could go back?

@SubClubHouseMafia Sports trading? Is that like betting…?


( Life’s been lifeing as it does, but I’ll try to get a longer reply down this weekend :sweat_smile: )

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Yes and no. betting is like gambling, where no analysis of the markets is being done to determine if one has an edge. that’s not what I’m talking about…

Sports trading is like trading forex except the market is different. instead of currencies, one longs or shorts different sports outcomes.