Posted:
#76
| 779476 | $ 2000.00 | EUR/JPY | 16:58 05/06/13 | 129.724 | 17:30 05/06/13 |
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SportsMavin's June Trading (Binary Options)
Posted:
#78
When I'll feel that I am ready to be followed I will let you all know - so far anyone following is doing it on his own risk. I have to regain my composure and confidence to take on me the responsibility of that magnitude again as winning 3 straight months since the beginning of my posting binary picks in general and 1 month on HSM in particular - 2 days were enough to undermine most of my effort and that can't happen again. Not here. Not with me. Be patient and if I will feel that confident again (more in my behavior as a trader than as a trader) I will be glad to call you all to follow me again
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Posted:
#79
Some interesting correspondence I received and like to post as there is nothing in my understanding against the rules of Covers to post a private conversation as it does not advocate anything:
Quote:
Originally Posted by Talon
Very nice trading today, I must say.
So since you have those two private trades here and didn't make them public originally, you expect people here to follow you, correct? As in that is the norm from where you've come from in the past?
I am not sure you need to censor any of your trades, as long as people understand the risk and that stupid disclaimer people use to not be liable for losses. The nature of this site is more along the lines of experienced guys with their own style of trading, or beginners to the market that at least have a good idea of market risks and are here to learn instead of simply follow. At least that is how I feel.
It becomes a matter of transparency because the question in my mind is if you would have posted the results of those private trades had they turned out negative.. because you could easily keep it quiet and nobody here would be the wiser of it.
You did originally get the reaction you did because you seemed like one if those scammers promising big wealth with no real downside, as we know it is not always the case. Since you have turned out to be another one of the throngs of traders in this market, it is apparent that first impressions are not always correct. You post up your losers, evaluate your mistakes, what was done right, etc. Overall a quality journal and even if I have no interest in binaries I like to check out how you are doing and what your methodology is. I do believe you would have posted up the private trades had they been losers, I was just pointing out a possible conflict in transparency with the journal. Perhaps in the future instead of keeping those riskier trades private, you'd make an emphasis on those being high risk positions and to evaluate personal situations before following? Just an idea.
Good luck with your future trading!
Very nice trading today, I must say.
So since you have those two private trades here and didn't make them public originally, you expect people here to follow you, correct? As in that is the norm from where you've come from in the past?
I am not sure you need to censor any of your trades, as long as people understand the risk and that stupid disclaimer people use to not be liable for losses. The nature of this site is more along the lines of experienced guys with their own style of trading, or beginners to the market that at least have a good idea of market risks and are here to learn instead of simply follow. At least that is how I feel.
It becomes a matter of transparency because the question in my mind is if you would have posted the results of those private trades had they turned out negative.. because you could easily keep it quiet and nobody here would be the wiser of it.
You did originally get the reaction you did because you seemed like one if those scammers promising big wealth with no real downside, as we know it is not always the case. Since you have turned out to be another one of the throngs of traders in this market, it is apparent that first impressions are not always correct. You post up your losers, evaluate your mistakes, what was done right, etc. Overall a quality journal and even if I have no interest in binaries I like to check out how you are doing and what your methodology is. I do believe you would have posted up the private trades had they been losers, I was just pointing out a possible conflict in transparency with the journal. Perhaps in the future instead of keeping those riskier trades private, you'd make an emphasis on those being high risk positions and to evaluate personal situations before following? Just an idea.
Good luck with your future trading!
Thanks for kind words Talon. I appreciate the effort invested in your message. The only reason I posted those trades was for them to be consistent with me posting all trades no matter what. And yes - I would post them anyways if they'd lose and would have different interpretation as "stay away from my picks. Period". The posit of posting them after they won is - Although I am on a winning path - still stay away from my trades as I am still not sure how happened whatever happened to me before. Therefore do not be tempted to follow my trades because not only few consecutive wins but more than a few (including privates) because until I won't be absolutely sure I will find out the exact reason for the lapse I had - following me may be dangerous for your pockets!. That is and was my message.
If you'll read again the opening line of my post #545 - you'll understand that opposed to what you said in your second sentence ("So since you have those two private trades here and didn't make them public originally, you expect people here to follow you, correct?"). So even there's a slight miscommunication between our posts - I still get your meaning and appreciate it
The reason I am being careful is not to avoid anyone's claims since no one ever expressed any disappointment even after I lost (I received only support correspondence) - but because I know that I do have a serious following and mostly was sorry for all those people who put their trust in my skills were literally obliterated of their recent winnings because of that blind following which I may have contributed to by my integrity even more than by my skills.
I know the last sentence sounds awkward but I mean exactly what I wrote
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Posted:
#86
+10765$ today and still warning is due as I need few days to overcome my greed for wins and beat my ego before I can say I can be followed again. Let me come to terms with myself regarding those dismal days at the end of the May and the beginning of June. One thing is clear to me that Middling efforts for destructive for me but even worse - I chased. And I am not sure I'm totally detoxed of that chasing "chemical agent" in my system.
So let me recap - After losing a little fortune in terms of a middle income average western world family - I am certain that the combination of 3 factors have caused the demise:
1. Overconfidence following recent day wins in the last week of May which have driven profits into double digits here and over 20K overall. I was thinking of withdrawing a considerable sum (like 25K - show off+ego problem) and wanted to end the month on a high note. I sinned to what I preach - every day begins with 0-0. I betrayed my own principles. The punishment was instant.
2.After seeing that the first trades work fine - I saw one trade going sore and immediately chased it masking it as a middling effort. Since that was not really a middling effort and the reasoning was not there - the loss has doubled itself. This is when I became so mad at myself that forgot all the rules I've been advocating and it again backfired instantly at me.
3. At this stage I lost the control and started to chase like an idiot who never betted on sports before or traded, like someone who would make to laugh all day. At this stage my inner voice was playing Bobby Browns' "My prerogative" (this is my money - I made it and I'll do with it what I want) and that is the scariest part since I forgot I had followers and for them that money had a significance may be more than for me (I had a war with my ego not allowing me to be a loser even for one single day).
So, to sum it up - I can see my trading from side and criticize it because I know I can't repeat that horror show again and I know some of may think - well that is trading - and they may be right. But what I did was not trading in my eyes but a battle to maintain myself as a hero for the masses. Stupid of me. No more. Let this winning day be a chance to regain my confidence step by step and not to repeat what happened. The true test I hope will never come - and that is the series of losses. Only then I will be able to see if I also walk the walk and not only talk the talk. I also wanna thank Monster Killer here for talking to me on skype for hours yesterday and today in effort to balance my overall attitude towards what happened and put the things in right proportions
0
Posted:
#87
Quote Originally Posted by SportsMavin:
+10765$ today and still warning is due as I need few days to overcome my greed for wins and beat my ego before I can say I can be followed again. Let me come to terms with myself regarding those dismal days at the end of the May and the beginning of June. One thing is clear to me that Middling efforts for destructive for me but even worse - I chased. And I am not sure I'm totally detoxed of that chasing "chemical agent" in my system.
So let me recap - After losing a little fortune in terms of a middle income average western world family - I am certain that the combination of 3 factors have caused the demise:
1. Overconfidence following recent day wins in the last week of May which have driven profits into double digits here and over 20K overall. I was thinking of withdrawing a considerable sum (like 25K - show off+ego problem) and wanted to end the month on a high note. I sinned to what I preach - every day begins with 0-0. I betrayed my own principles. The punishment was instant.
2.After seeing that the first trades work fine - I saw one trade going sore and immediately chased it masking it as a middling effort. Since that was not really a middling effort and the reasoning was not there - the loss has doubled itself. This is when I became so mad at myself that forgot all the rules I've been advocating and it again backfired instantly at me.
3. At this stage I lost the control and started to chase like an idiot who never betted on sports before or traded, like someone who would make to laugh all day. At this stage my inner voice was playing Bobby Browns' "My prerogative" (this is my money - I made it and I'll do with it what I want) and that is the scariest part since I forgot I had followers and for them that money had a significance may be more than for me (I had a war with my ego not allowing me to be a loser even for one single day).
So, to sum it up - I can see my trading from side and criticize it because I know I can't repeat that horror show again and I know some of may think - well that is trading - and they may be right. But what I did was not trading in my eyes but a battle to maintain myself as a hero for the masses. Stupid of me. No more. Let this winning day be a chance to regain my confidence step by step and not to repeat what happened. The true test I hope will never come - and that is the series of losses. Only then I will be able to see if I also walk the walk and not only talk the talk. I also wanna thank Monster Killer here for talking to me on skype for hours yesterday and today in effort to balance my overall attitude towards what happened and put the things in right proportions
Sounds convincing and the numbers are there to support the feeling of confidence. But you're right - it will take few more days like today to regain the full confidence by you and in you Mavin. But overall I'm happy you're not afraid to look in the mirror
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Posted:
#89
Quote Originally Posted by SportsMavin:
+10765$ today and still warning is due as I need few days to overcome my greed for wins and beat my ego before I can say I can be followed again. Let me come to terms with myself regarding those dismal days at the end of the May and the beginning of June. One thing is clear to me that Middling efforts for destructive for me but even worse - I chased. And I am not sure I'm totally detoxed of that chasing "chemical agent" in my system.
So let me recap - After losing a little fortune in terms of a middle income average western world family - I am certain that the combination of 3 factors have caused the demise:
1. Overconfidence following recent day wins in the last week of May which have driven profits into double digits here and over 20K overall. I was thinking of withdrawing a considerable sum (like 25K - show off+ego problem) and wanted to end the month on a high note. I sinned to what I preach - every day begins with 0-0. I betrayed my own principles. The punishment was instant.
2.After seeing that the first trades work fine - I saw one trade going sore and immediately chased it masking it as a middling effort. Since that was not really a middling effort and the reasoning was not there - the loss has doubled itself. This is when I became so mad at myself that forgot all the rules I've been advocating and it again backfired instantly at me.
3. At this stage I lost the control and started to chase like an idiot who never betted on sports before or traded, like someone who would make to laugh all day. At this stage my inner voice was playing Bobby Browns' "My prerogative" (this is my money - I made it and I'll do with it what I want) and that is the scariest part since I forgot I had followers and for them that money had a significance may be more than for me (I had a war with my ego not allowing me to be a loser even for one single day).
So, to sum it up - I can see my trading from side and criticize it because I know I can't repeat that horror show again and I know some of may think - well that is trading - and they may be right. But what I did was not trading in my eyes but a battle to maintain myself as a hero for the masses. Stupid of me. No more. Let this winning day be a chance to regain my confidence step by step and not to repeat what happened. The true test I hope will never come - and that is the series of losses. Only then I will be able to see if I also walk the walk and not only talk the talk. I also wanna thank Monster Killer here for talking to me on skype for hours yesterday and today in effort to balance my overall attitude towards what happened and put the things in right proportions
well, the same thing happened to me mavin. you were very harsh with me and now, when you're harsh with yourself too, i can see your point better. i was a bit upset after you dismissed me the way you did after i had a terrible day. i respect the fact that you're not giving yourself no discount neither. i might join trading tomorrow and wish you best of luck.
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Posted:
#99
Quote Originally Posted by mikiey97:
Mavin,I'm trying to figure out time different in your posting.I live in AZ and your Ontario.so,when you posting I want play your picks(trading).
you make three trades @12:28pm,so what time is it your time the the posting.I hope you understand what I'm trying day.
thx
Mavin,I'm trying to figure out time different in your posting.I live in AZ and your Ontario.so,when you posting I want play your picks(trading).
you make three trades @12:28pm,so what time is it your time the the posting.I hope you understand what I'm trying day.
thx
My trades are posted EST - aka NYC . Now, if you're in Arizona - depending where - you figure out your trading clock accordingly. BTW, where are trading at? Optionrally? If so -it will be much easier setting up the sync for your trades
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