Traders response to my “any losses†question,
Jed,
Yes, I have sustained losses on this particular demo account, and in many other accounts as well. Not sure what you meant by the question. The losses are few, but they still come. As I briefly look over this demo, I am seeing roughly 15 wins for every 18 to 19 trades. So, about 75%, which could be better, but we’ll work on that.
I have played with several demo accounts, and one live account. Currently, my live account is now a 1:100 leveraged account while my demos are 1:100, 1:200, and 1:400. My numbers are fairly consistent on all accounts, and I am following the rules of the technique.
(My Advice)
Dear Trader
Good, I just want to make sure that you are having a real experience. This just helps to solidify the fact that this is a realistic strategy and not pie in the sky.
To further add to your question about the natural laws of economics. I have found an example from nature that I think will shed some light on my philosophy about investing and returns on said investments.
I would say that when the natural laws of economics are adhered to (which I believe that today’s big business and financial institutions are not following like they should) then there is such thing as ten folding, and even hundred folding. Let me demonstrate this with how Mother Nature does this consistently. I will use wheat as an example but there are many other examples found in nature that prove my point. Of which I put more trust in than the scruples of the financial institutions and their crones.
A single wheat kernel on average is able to produce on one stem between 30 to 35 grains with an average of 5 stems per plant. This is a 175 percent return. If you take the kernels from this single plant and next year plant them you would get a total of 30,625 increase. This is naturally found in Mother Nature. I believe that if true principles are exercised in economics that one could see these types of results in there trading. But again capital has a set of rules that are not always followed by her audience.
A wise teacher once shared this parable with his followers. “A farmer went into his field to plant his crop. As he sowed the seeds some fell by the path and birds came and devoured them. Some of the seeds fell upon rocky ground; and sprouted and withered away because it lacked moisture. Some fell among thorns; and the thorns grow and choked the tender shoots. And other seeds fell upon good ground sprang up and did yield an increase some thirty, sixty and even hundred fold.
This parable applies to us as traders. Here is my interpretation in this context. The seed that fell by the path and were devoured by birds were traders who never quite grasp on to any one concept and are coaxed away by misleading, discouraging and false statements of others. Because they do not apply proper learning, practice and patience. The seeds choked out by the thorns represent those that allow discouragement and or greed to overcome them and blind them from proper methods. Those that find good soil grow because they have applied themselves, though constant study, practice, sticking to a system, following a plan and trading by the rules in the plan.
-Jed