Standing Still In Foreign Exchange

Last 45 days (since 2018 started) I am standing still in Forex. Actually, losing money. Since December, market conditions are horrendous. Binary, Forex, Crypto…. But, that is all part of the game. And I trust my analysts. Why? Because he is honest. And smart. While others are blaming the market, he is not making any excuses:

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Comm with my analyst Jason Mike

Of course market is brutal. You see, honesty is a crucial part of the financial world. You need to have a person you can trust with your investments. If you don’t, you will find yourself changing analysts (which are 90% bad and uneducated) and blowing your account, eventually. When bad times like this arrives, we will see who will be left standing. Sticking with my guy. I hope my expectations are correct.

Let’s see…

Game Of Patterns: Day 590 – 1st target achieved

Nothing today. Soft/Heavy “going” again for jump races. For flat racing, nobody passed my filters. Moving on.

A couple of days ago, I’ve reached my first target. After 586 days and thousands of bets, I am back where I have started. Mission accomplished, Part 1 of my project is done! Was a great journey, and I can’t wait what lies ahead. To keep transparency, everything has been tracked and recorded with Tipstrr, Bettin.gs and Google Sheets. To summarize all bets in the graph (June 2016 – January 2018):

From the start, it went down. And it was suppose to! I was testing various patterns, many of them non profitable. To truly recognize the patterns that are important to me, I had to discard those that have outlived their purpose. And I did. That’s why I am back where I started! I believe I have found what I was looking for. Part 1 of my project is done.

Part 2: Double my bank

Stay tuned 🙂

Dark Times

Went to a funeral yesterday. My friend killed himself. I knew he had some health issues, but could never imagine he will harm himself. He had family, 2 kids, nice business. Last few years, I’ve heard about increased suicide rates, especially among the men. But, was never expecting it to happen to someone close to me. I was stunned. Whatever his reasons were…

Everyone has their dark times, me first. I have a hectic life, I live in the fast lane. And I have problems, like everybody else. Everyone thinks their problems are bigger. Unsolvable. I thought that too. To me, my problems are huge as a mountain. That kind of perspective is discouraging. I had dark thoughts. I thought I will never solve my problems. And I didn’t. Problems are still there. But, a few days passed. And, the problems weren’t as huge as before. Day changed. The perspective changed. Life went on.

I am very sad. He was alone in his final moments. Maybe, if someone was with him, things could go another way. I live alone, but I have a lot of friends. When I feel lonely or depressed, I jump in my car and go to my pub. Whenever in doubt, surround yourself with friends.

Live to fight another day.

Crypto Madness: Quit your job and follow the sun?

No, you can’t. Not yet.

Watching the crypto markets in past year, people went completely mad. Everybody thought these prices are insane. Who would pay $15,000 for a single Bitcoin? It was only $1,000 a couple of months ago. And the prices kept running.

You can be like me, I missed out the crypto boom. Not because I wanted to. It caught me unready, on the sideline. Or you get FOMO, over traded, sold too fast, and did a lot worse than you should. There is (know well known) trading behavior, called FOMO (Fear Of Missing Out): “a pervasive apprehension that others might be having rewarding experiences from which one is absent”.

The price to become a good trader is high. Most people never make it. To be a good trader, you have to lose a lot of money fast and fail to beat the market before turning it around.

If you’re lucky, you learn those lessons and wind up a trader who trades well whether the market is up or down. I am my worst enemy, when trading is concerned. Emotions are against me, market is against me, everything is against me. I am not looking to make steady, slow, conservative profits, year after year. I want to retire early, enjoy rest of my life before Grim Reaper comes.

There is kind of trading strategy, which is used to deliver insane profits: Momentum (or Ride-On) trading. You don’t want slow, conservative profits. You want to hump on the rocket and ride the market. Fast. 1000%, 10000% returns. And, it’s possible. There are traders done it, and still doing it. I am not one of them. I am not trading crypto currencies yet, but I am preparing to enter this beast. And I am very careful. You have to have right mindset for this.

Most people are lying to themselves and to the world. There is reality and there is what you think about the world. Usually they are not the same thing. When your beliefs meet reality, reality wins every time if they are not in sync.

You have to lose money, make money, lose it again. You have to ride the insane emotional roller-coaster as you win big and then lose it all. You have to think you’re a God one day and the market is your personal ATM only to get taken out to the woods and get stripped. That’s how this works. Nobody can teach you everything you need to know. You have to do it!

This can and does result in financial ruin for most traders. High risk. High reward.

Cool Amazon toy for my kid – Roller Coaster

I was searching for cool, educational and fun toy that which I can play with my son. And I found it. On Amazon, of course (where else ?!?). It’s great. Build your own roller coaster! Awesome! Can’t wait to see my sons face when he opens New Year gift. Perfect gift to enjoy with my son. Beautiful toys.

K’NEX Thrill Rides Web Weaver Roller Coaster Building Set for Ages 9 and Up, Construction Educational Toy, 439 Pieces

 

 

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K’NEX Thrill Rides Electric Inferno Roller Coaster Building Set for Ages 9+, Engineering Education Toy, 639 Pieces

 

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K’NEX Education STEM Explorations Swing Ride Building Set for Ages 8+ Engineering Education Toy, 486 Pieces

 

 

 

Merry Christmas!

Financial update…

I transferred to FOREX (not completely, still active in Binary Trading) 3 months ago and this is my growth, verified by MyFxBook:

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Bank growth more than 20%. I am paying $79/month to a great analyst and it is one of the best moves I made in recent time. Well worth it! Good job, my friend, and keep it coming!

 

As far as Binary is concerned, I am only trading news with binary trading. Means, when there are news with heavy or medium impact, I am trading it with 1-5 min expiry time. Doing great so far with this group, “Premium Fundamental Trading Signals”, first month so I am careful.

 

Great weekend

Slow day today. Perfect time to check everything. Horse racing, football, global financial trading. Had a great weekend, spent it with my son. Remembered good old days (when I was a kid) with famous “PANINI” football album and stickers. Now, it’s his time to enjoy. And he did. We were in my office on Saturday night and I bought hundreds of stickers.

 

I want to be a kid again…