Just to be clear, I know who “YourMother” is, I remember our Skype conversations.
I figured I would address a few things here, and I would hope that you confirm them as truth.
[li]First, when you came to be for help on Skype, I offered you free personalized help, right?
[/li][li]I identified your errors and gave you very specific exercise to follow, right?
[/li][li]And I [B]never[/B] asked you for money or to buy my course, right?
In fact, when you suggested joining my course, [B]I asked you not to[/B], I told you that you were not ready and that I prefer you not buy my course. I will post a screenshot and remove personal info.
[B]And as far as I know, you never bought my course, right?[/B]
[B](I asked him on Skype if I could share this screenshot)[/B]
I spent hours of my limited time giving you free advice and trying to help you understand risk management.
I suggested to you a simple exercise to complete, you assured me you were doing it, then two weeks later you told me that you hadn’t event started
After investing hours of time into you, you lied to me and wasted my time… I am not a fan of being lied to man, so I may have been rude to you, if so, sorry.
To be fair, you have had two bad months and one good month, right?
You lost in those two months for a few reasons.
[li]First is that you started trading at one of the worst times of year for new traders. Volatility reduces in Summer, and often you find reversals not reaching target. Lower RR helps with this, which was one of the purposes of the exercise you lied to me about.
[/li][li]Against all my advice, you live traded my strategy with a large account, as a complete newbie. This is completely illogical and dangerous. You skipped all the basic steps to train your self on a strategy. You went right from knowing nothing, to trading huge money.
[/li][li]You were taking a lot of poor trade setups.
You literally picked the worst time of year to start, and you went all in with a huge account. And when I tried to talk you out of it, when I tried to steer you in the right direction, you told me I was wrong…
The thing you need to understand about Forex is that its a long term game. Your results month to month mean nothing. The only thing that matters is averages.
Somebody can have three bad months, two good months, then three bad months again, and then four break even months. In the end all that matters is that you average out positive.
Don’t believe me? Look at the results of one of the worlds best traders David Druz. This dude had entire years where he loses. Regardless, he still manages hundreds of millions of peoples money.
I am lucky in that I have not had a bad year since 2006, but I have had bad months, back in 2009 I went through an EXTREMELY tough period in my trading. Did I lie about it and pretend that I am some amazing trader that never loses?
No, I didn’t, I owned it and told people the truth[B] (Look back in my blog to August 2009)[/B]
At the time I was winning 80% but my RR was stupidly low, we are talking 0.5RR to 1RR at times. So when my win rate dropped to 50% or so I was losing heavily.
But I did not give up.
This is because back then I knew that the key to trading is persistence. Those bad months I had meant nothing. I still ended 2009 positive.
July and August 2016 were not the best months. I am still positive, but not by a huge amount. But I can deal with below average months because that’s how trading works.
Summer, plus Brexit, plus the US elections, and the absolute mess that Europe is in (and to a lesser extent Japan) means that a lot of traders are hurting.
Look at that link above from David Druz again, his July was 0.01% gain and his August was -6.22%, and this is a guy managing hundreds of millions.
Do you think you should be doing better than him? Having just started, having no understanding of risk management, and getting in way over your head with your account size.
Your expectations were unrealistic from the start.
You had a good month this month from what you told me. So I would suggest that this weekend you go through ALL of your results, and you analyse what those winning trades have in common. But more importantly, go through your losing trades and analyse what they have in common.
If you need help and are actually willing to listen to me and not lie this time… I will help you.