Any discussion, including but not limited to all replies and comments, is intended for informational and/or educational purposes only and should not be considered as any type of recommendation nor advice of any kind.
Information contained throughout the site may be provided by sources that are not affiliated with Pure Financial Academy (herein referred to as PFA). PFA does not warrant the accuracy, completeness, quality, adequacy, or content of any information on our website. Such information is provided ‘as is’ without warranty or condition of any kind, either expressed or implied. As such, any content pertaining to finance in any way, should be considered hypothetical. PFA accepts no responsibility for the opinions and information posted by others.
Hi fellow traders.
[Preamble:]
Just want to share my experience being a member of PFA since April 2018.
I came to PFA community with a strong bias to day trading.
I was trading Supply/Demand zones using OPM (other people money - Top Step Trader)
At that time I was using Golden Zone Trading SW - very similar to PFA SW.
I was barely making any profit. At some point I violated MAX draw down rule and my account was closed.
Just for reference. Every day I was coming to my trading desk with a notion to gain some # of ticks.
my time frame was 10 ticks range.
After my failure I start looking for proving S/D trading methodology rather than fancy SW.
And I found PFA.
[My first 6 months:]
I set up $100k Sym account, in order to prove that this methodology works for me.
I made in profit ~$2k. Not really impressive.
Than I came to realization that my trading pattern stayed the same. I had a tendency to scalp trading, trying to gain a few ticks every day.
I was sitting in front of computer for the whole day with result way below average. It was really frustrating time for me feeling really measurable.
At that point I decided that my problem is over trading, so switched to swing trading (exactly what was Will promotes) keeping longer time prospective.
[My last 2 months:] Starting Oct 10, 2018
First of all I did set up $5k Sym account and establish my trading rules.
# contracts - 1
# Max loss per trade - $300
# Max Draw Down - $500
# Trade management - R/R >= 3:1
# Trading Methodology- VTC
See my trading results below:
[Lessons Learn:]
1. stick with your time frame:
2. don't exit earlier (what ever you decided during your analysis)
3. don't chase trade
[Conclusion:]
Methodology does work but required a lot of patience (what is my biggest enemy)
I made 48 trades (28 gainers & 20 losers 58% win ration)
During this exercise I did increase my comfort level of trade entry.
Planning to gain 100% before switching to real money.
[Preamble:]
Just want to share my experience being a member of PFA since April 2018.
I came to PFA community with a strong bias to day trading.
I was trading Supply/Demand zones using OPM (other people money - Top Step Trader)
At that time I was using Golden Zone Trading SW - very similar to PFA SW.
I was barely making any profit. At some point I violated MAX draw down rule and my account was closed.
Just for reference. Every day I was coming to my trading desk with a notion to gain some # of ticks.
my time frame was 10 ticks range.
After my failure I start looking for proving S/D trading methodology rather than fancy SW.
And I found PFA.
[My first 6 months:]
I set up $100k Sym account, in order to prove that this methodology works for me.
I made in profit ~$2k. Not really impressive.
Than I came to realization that my trading pattern stayed the same. I had a tendency to scalp trading, trying to gain a few ticks every day.
I was sitting in front of computer for the whole day with result way below average. It was really frustrating time for me feeling really measurable.
At that point I decided that my problem is over trading, so switched to swing trading (exactly what was Will promotes) keeping longer time prospective.
[My last 2 months:] Starting Oct 10, 2018
First of all I did set up $5k Sym account and establish my trading rules.
# contracts - 1
# Max loss per trade - $300
# Max Draw Down - $500
# Trade management - R/R >= 3:1
# Trading Methodology- VTC
See my trading results below:
[Lessons Learn:]
1. stick with your time frame:
2. don't exit earlier (what ever you decided during your analysis)
3. don't chase trade
[Conclusion:]
Methodology does work but required a lot of patience (what is my biggest enemy)
I made 48 trades (28 gainers & 20 losers 58% win ration)
During this exercise I did increase my comfort level of trade entry.
Planning to gain 100% before switching to real money.
- Molte333
- 4 years ago
- #829
Thank you for sharing your story and congratulations for your progress! I’m always tempted to share mine as well, I was also a completely different trader when before I joined PFA. I think it’s important that other traders listen to your story and stories like these because most of them are struggling and they need to see that they can be profitable and consistent if they put the hard work.
- MattiasTrader
- 4 years ago
- #830
Thank you for sharing your progress Alex, motivation for all of us! :D
Be the first to leave an awesome comment.
alexm, I couldn’t be happier for you and truly appreciate you sharing not only your performance, but more importantly your experience and how you transitioned from one way of thinking into a more simple approach.
Every time I see this it is a huge reminder of why I love what I do and how amazing you all are to help each other and have such dedication and put in the hard work!
Again thank you and I look forward to growing together far into the future
Every time I see this it is a huge reminder of why I love what I do and how amazing you all are to help each other and have such dedication and put in the hard work!
Again thank you and I look forward to growing together far into the future
Thanks for sharing Alexm. Great work! It is extremely powerful and reassuring for new traders to see this progress. It really shows your Patience, Persistence, Determination and Belief in the PFA Methodology.
Keep up the great work.
Keep up the great work.
Awesome post! Really cool that you put up the trade performance metrics from NT. I think its a great reflection on Will and his company as well. You were able to learn a rule based system that gave you a better return on a 5K account than you could consistently on a 100K account, with less rules. Some of the lessons you mentioned are the basis of a life long trade plan, like "not chasing" and being patient" those are attributes you have to hang on too to remain consistent and at the same time ones we all struggle with, bravo man, thanks for sharing! B
- Page :
- 1
Be one of the first to reply to this discussion!