Tip:
Highlight text to annotate it
X
Congratulations on second place in the CROSS TRADE contest
You were most consistent trader
all the time in the top
without fluctuations of equity
despite the large number of transactions: almost 300 in 30 days.
Indeed, I tried to for the duration of the competition
to keep the responsibility for the capital that I have.
So I was playing real money simply.
And I made it
with maybe little 10% drawdown.
It was rather the result of nerves, with the pressure of the opponents so I am very happy.
And how You focused to competition? Is it true what you said that you trade in the woods?
This was an experiment
That is completely cut off from all information. Including your portal. zero
that's too bad.
Yes I know.
Since I had to be consistent in this experiment,.
so no TV, no press, no radio, etc
I focused only on the chart.
Also on live-time rankings
as an additional tool
actually it was my only connection with world.
So as I understand no macro news?
No macro. I found
Too many of these news makes me confuse, and I'm not able to make any investment decision so responsibly
This proved to be effective. I'm a little surprised but I am very pleased.
I hope to apply it in real money trading.
Yes it is very interesting, because after all if traders do not focus on macro analysis, they at least observe it.
sometimes the Fed's decisions are critical, sometimes Yen, and what was happening in the Japanese economy.
Well, and being without it, is decreasing our chances. In theory.
But however, the price, the pure price is working.
For me it was increasing the chances that I noticed. I make best decisions based on my view.
When I have different informations about big banks transaction,
or some irresponsible statements from Mr. Kuroda
I have found that this in no way helps me make a decision.
and so I decided to cut off from it completely and trust my inner confidence such that I gained from other things too.
A little bit of my industry though, because I'm from a different industry.
Well, then, I ask now for the industry. Tell me something more.
I am a graphic designer and painter. Here I studied in Krakow and investing is actually a hobby you might say.
Many people say that investing is an art or at least reading charts.
What was your strategie?
So ... it would be necessary to develop a little bit but I do not think that now we have time for it.
However, the point is that I observed chart.
I was interested in only its immediate fulfillment in time. And I focused on it.
And I think that painters, musicians, architects have some sense of line and it was based on the,
I just have the kind of animal sense like this line up can keep. And that was enough to make good decisions.
Now I'm looking on my equity chart and I have to say... I like it.
So we can say, that was intuitive trading.
Definitely yes but with strong disciplined as well and with developed method.
However, the same decision was intuitive. Although such visual and plastic analysis
it is also the kind of strict scientific thinking. Not only intuition.
That was some Technical Analysis patterns or you see some trend line
adherence to some order or anticipation that something should happen
because I've seen it in the past and it will happen again?
In my experience this kind of analysis, in my case does not work at all.
And such information can be properly denied at any time and it is happening in most cases what benefits can it brings
to trader like me, who barely know it.
In my case, the best solution was to reject any analysis relying on my artistic sense.
And maximum concentration.
Because here you can not afford to simple short or long but I tried to make very responsible decisions.
It was the exposure to the reward not risk.
What with money management? With such little drawdown and stabile trading
that practically doesn't happen on demo accounts you had to have very strong discipline.
That's true. First of all I choose time to open transaction
than all the fun began.
First of all short target.
I always close position there regardless of its potential
However, in the event of a loss - they were few - I also have stop losses possible for me to accept and
and I use them in any case.
Key problem was to focus on position after reaching some high level.
Too quick opening next transactions often causes the return to the previous level or even lower..
So here my rule was
getting used to achived equity level. Sometimes it took day, or two before I opened next positions.
However, there were many transactions, what time frame you used?
I do not know whether there were so many. I was adding to earning positions. I entered a small amount then I add.
Sometime same with loosing orders. I know that this should not be done but I did it.
Also there were a lot of positions with large volume. But different orders were few.
I do not feel well in skalping. I do not know if it's middle-term trading.
I was totally mine system. I fell on beast and held as long as beast beat me, or I beast.
In most times I was wining that's why I achived good result.
Result is great. Especially little drawdown.
Tell me where you spend that time. How it's possible to live without TV.
You were reading, walking?
In general, the best positions I opened under a tree in the forest. It was just a great experience for me.
First, I sent my wife to the son to England, so I had a lot of peace and ability to concentrate.
Well, as I say, if it was raining I was playing in the car, unless it's in the woods by the river.
and it is a beautiful thing for me because I always dreamed of this kind of work.
That's it. It's that dreams makes us to become traders.
That's why we can do it anywhere in the world, and you been doing it in the woods.
In the woods anyway. Or ZagnaĆsk or on Mount Telegraph. So I got there a favorite place where I can concentrate.
Because I have to say, however, that the key issue is the focus. Then only the responsibility for capital and other matters.
Earlier I also tried some competitions, but lack of concentration
caused that that wasn't positive experience.
And what tool you used to trading? Under a tree, in a car - was it phone or..?
It was notebook. However, when it comes to my platform knowledge that was quite simple: Barbarian, because I can only open position, closed position and display the chart.
This is all that I need. I'm just not an expert, I am a regular trading platfrom user.
However, when it comes to the Protrader platfrom, I can say that I really liked it's view and I have to say that this affected my trading enjoyment.
And this is also an important issue in achieving success.
Again congratulations and good luck in the future. Will you be focused on trading as a way of life or it will remain a hobby?
It will be second leg. I have my job, I have clients in my business and I will definitely kepp doing it, but my main client is a man who made a fortune in the stock market
and I have to say that sometimes I try to get something from his own experience
and perhaps it will take a more important position in my life in the future.
Thank you very much.
Thank you.