Home Sweet Home

Not a whole lot to report.
I ran some other backtests on some actual martingale robots that don't trade the way I trade with the box. One of them was quite profitable for 7 months straight and then just dove off a cliff rather frequently afterwards.

 I had a safety meeting this morning and just got home. I am tired and hungry and feeling very unfocused right now. But I do want to take some time to say that I have purchased Tim Sykes' "How to make millions" DVD and have been seriously considering putting more energy into that when I am off the road instead of Forex trading.

The main reason is because there is so much more potential in what Tim is doing than what I think is possible with Forex. As I said I'm about to pass out but let me try to explain why:

What matters most in a market is directional volatility, that means how fast and how far prices move in one direction. In the currency markets 1% change is pretty normal, and from what I can see most stocks of very large companies move in a the few percent range per day as well. However in the penny stock arena there seem to be stocks that move between 25% and 50% just about every day. This happens because a lot of these tiny companies are hyped up with news letters and emails sent out to people who don't know any better and it gets them to buy the stock. Some stocks go up because of good earnings as well, but in the end it's really just a supply and demand issue that causes these prices to rise and fall so drastically.

The world currency markets are so large, with like 5 TRILLION dollars exchanged everyday, that it's percentage range of volatility would take extreme demand to cause its price to rise significantly. Because currency prices are tied to economics of countries, these countries do not want their currencies fluctuating that much because people want a stable currency. They want consistent purchasing power.

Stocks are completely different and tied usually to the economics of a business model or an idea. The inside investors who own the most stock always want that stock price moving higher and higher because that makes them richer and richer. Every time a currency gains strength, the other currencies lose value in comparison, so there is a constant struggle for equilibrium taking place by central banks. Stock owners inside the company hire promoters to hype the company or product hoping to increase demand and raise the share price. Why? So at some point their shares can be sold for an enormous gain.

These tiny tiny companies that tim focuses on almost always increase in value exponentially, and then crash exponentially for this reason. The percentage gains and losses had by these stocks is incredible and it is starting to make the most sense to me to trade. He has made millions and has proven it, and now has 4 millionaire students (two that wish to remain private) to back up his teaching. But aside from those millionaire students, there are many students earning 5 and 6 figure incomes.

The timing of all this seems to line up and I am starting to feel like this is  clear sign for me to take it very seriously. I can't trade these stocks because I am working while these moves are taking place, but I can start to watch what tim talks about and post information about what happens.

If I find a program that will allow me to reliably access my computer remotely and adjust the robot I will continue to do that, but I think I am going to try and focus on Tim's course that I bought. It is over 30 hours of material so that should keep me busy for awhile. Ok, I'm done. Till next time.

-Francisco

Good morning

Hello again!

Lots of losses haha! A main reason for this is because I'm in the market when I really shouldn't be, at levels that don't make sense to do this at. I have to keep reminding myself that I'm doing this to see how bad it can get and if it's able to be recovered in the long run but I'm not able to control position sizing or the location of the zone while I'm gone.

At least not yet. I need to setup a remote connection and then I'll be able to.

Realistically what I should be doing is taking partial profits on most of these trades, but I can't do it for some reason. I'll have to try when I am home on my computer, but I know it will only let me exit a trade completely from my phone, not sell part of it... I have a sneaking suspicion it is because of the FIFO (First In First Out) rule implemented years back... really dumb. It's just the government treating adults like kids further and further.

Btw, I've gotten in contact with the programmer of the robot to see if we can get more features implemented into it. I'm still waiting on a response about that. Here are some charts.












On a side note oil is still taking and OJ has been as high as $1.55. I'll get charts up soon I've been quite busy with some things. Have a great day!
























































Still looking like a lot of room for the downside on this last chart.










On another note, I have told you I have become interested in Timothy Sykes and his stock trading style. He has a website called Profit.ly and I took a look yesterday where he said this he expected this stock HGSH to rise today and it totally did. I think I have a demo account with one of the brokers he recommends and by golly I should have taken a long position!

I am not sure if I want to spend $400 each on his courses, but he does have a "Tim Alerts" service for a little over $300 a year.

If you are interested in anything you can go to his website timothysykes.com and see his entry and exit prices on the stocks he is trading. It is a great way to get an idea of his trading approach. The real bread and butter though, is how he figures out which stocks are likely to move... Put all that together and you got something pretty powerful. I find it quite amazing how little of the moves he is actually taking part in.

Until next time! 

I feel like this might be too good to be true..

You know, shit just feels too good to be true. New Account highs from last nights resetting the box. Look at this beautiful shit.

The first two arrows are from the previous day when I tried setting up the robot. For some reason the first trade opened up in the middle of the box instead of the outside and took a 15 pip loss, while the second trade opened up and made 20 pips profit. At that point I moved the trading zone for the new trading day. If you look at the daily chart you can see that resistance was hit and price is likely to return downward now for awhile, so I just now reset the trading zone, so we'll see what happens.

Some of the thoughts that have been entering my mind are that although I love trading Forex and am in love with the idea of trading Futures, I have recently been reintroduced to a guy named Timothy Sykes. The first video of his I came across lately was this one:

I first saw Tim way back in the day on an internet show called WallStrip and then on a documentary called Wall Street Warriors where he was running a hedge fund. The Documentary followed him during a kinda shitty portion of his performance and made him look kinda dumb or immature, but I really liked him anyway. Tim Sykes is famous for turning around $12,000 into over a million dollars in 2 years, but he has now gained over 4 million dollars in profit and it is all verifiable. He has every trade documented supposedly on the internet, which is pretty cool. The problem is, I have always really dislikes Stocks for some reason so I've never really paid attention to what he does as a result of that.

The point is, I feel like this guy is totally legit and I have really been watching his videos on YouTube such as this

This shit is highly motivating and it is causing me to ask myself "Do you hate the idea of trading stocks more than you would love making a shitload of money by trading them? Are you willing to do the work and reap the rewards?" Well... I am considering it quite a bit as I am watching his videos.

I know the title of this post is "I feel like this might be too good to be true", but I am only talking about my trading results so far with my robot. I truly feel like Tim is a great guy and that he has a winning strategy. I don't feel like he is full of shit like pretty much every one else out there selling the dream. Listen to him. Listen to the tone of his voice and every word he says... He is on my side and your side.

The way I figure is, I should at least try this. One of his students as the video above mentions, has turned $1,500 into over a million dollars in 3 years. He has 4 millionaire students as of now and several of his students are making 5 and 6 figures per year. I am not new to trading and I have always felt comfortable trading the kind of price action that he trades so I think I could do well. Perhaps far better than I would do trading Forex with my robot or commodities. So... those are some of the thoughts I am mulling over.