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Re: XARD - Simple Trend Following Trading System

xard777, Thu Dec 31, 2020 2:41 am

As a rule of thumb I like to quit while I am ahead, once I hit my target I tend to close my trades and walk away.
I know that there are tons more pips on the board but I like to take some meat of the bone and let everyone else fight over what's left.

The Dow & the S&P500 moves so much that you can easily pull your target trades out the market in mid move with little fuss and while the market is still moving. That is the main reason that I switched from Forex to Indices. No Carry trades necessary and a decent percentage markup to boot with less risk.

I know that I personally leave a shit load of Pip$ on the table but as long as you hit your targets who cares.
You are in and out with less risk.

Look at the big picture, building your fund by compounding stable target moves along the way.
Take a moment to think about that before you rush into your next trade.

If you trade the Dow on 15m chart and trade the 2nd dot off the Square plus the subsequent 2nd Arrow off the Blue Dot or White Dot in the direction of the next Square then you will easily add 30 to 50% onto your fund every turnaround (Sq to Sq) which is like very week.
(Hell, even Hunter Xiden can't get that type of commission out of china), Trading the markets is the most lucrative business out there, no TAX to pay on your Profits, No dead shelf stock, no staff wages to pay, no sickness benefit to pay, no Staff PAYE, no Staff pension to top up, no Sick days to pay for, no staff pilfering, no returns to swallow, no rates to pay on massive warehousing and shopping mall outlets and no cargo vans to pay for and no hidden tax to pay. It's a WIN WIN WIN scenario.

Granted you can't just open an account and automatically start making consistent profits day in day out. You have to learn how the market moves, when to get in and when to get out and more importantly when to stay out.

But like any business and yes you should treat it like a business you have to go through your apprenticeship, it could be two years or seven years but once you come through the other side you will definitely reap the benefits. Garner as much knowledge as possible from forums and such and do not feel bad blowing up your account, in fact the best thing you can do is blow up your account twice. It's amazing how quickly we learn from our mistakes.

May 2021 be your best year ever and may you make a boat load of Pip$.
All the best everyone
Happy New Year
Xard777
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