(click on image to view
trading results)
http://www.thestrategylab.com/images/102606NihabaAshiPnLBlotterProfit.png
Archive Chat Log @
http://www.thestrategylab.com/102606FuturesTrades.htm
Image
on the left represents what some members
from the private chat room that qualified
for live screen sharing were able
to see on my screen...
I
took a quick screenshot within minutes
after my last trade of the day for
marketing purposes, for my own private
trade journal documentation (other two
monitors not shown) and for verification that I traded on
that specific trading day I posted
real-time trades in the chat room for
those that were not in the chat room
or not
allowed in the live screen sharing
for whatever reason with others that were
allowed.
I
document my trading
with images like this every trading day
(several different times per day) in
combo with my daily brokerage
statements so that I know what one of my
monitors looked like on a specific
trading day because I use different
templates in my chart configurations and
my broker PnL statement screens.
In fact, I've distributed many images like
this of different trading days on
different webpages here at my website and
at my forum just in case someone says they
didn't see any verification.
-------------------
You will
find information here to be describing risks
associated with trading based upon our
observations about specific types of
individuals that decide to become traders.
We want to ensure that traders using our
resources fully understand the risks
involved in trading because we notice this
failure to discuss risks by other traders
and businesses in trading has been increasing
at charting services, brokers, blogs,
forums, chat rooms, twitter, stocktwits or
other social medias.
In fact, I
specifically discuss theses risks often
at forums and it seems to fall upon deaf
ears or
I'm attacked because traders have the
perception in error that I'm discouraging
them from trading. This risk warning also
extends into the vendor industry by any
resource that is financially compensated
(e.g. book authors, mentors, signal calling,
blogs with sponsors, blogs compensated for
making recommendations, charting sites, news
sites, Youtube and so on) for anything they
are discussing in an effort to help traders:
Trading Risks
Trading
generally is not appropriate for
someone with limited resources, limited
trading capital, untreated psychological
problems, low stress tolerance, low risk
tolerance, and lacks an understanding of
risk of ruin.
Trading of
futures, forex currencies, exchange traded
funds, stocks, CFDs, derivatives and other
investment products that are leveraged, can
carry a high level of risk, and may not
be suitable for all traders. The nature of
leveraged products means that any market
movement will have an equally proportional
effect on your deposited funds. This may
work against you as well as for you. It is
possible that you could sustain a total loss
of initial margin funds and will need to
deposit additional funds to maintain your
position.
If you fail
to meet any margin requirement, your
position may be liquidated and you will be
responsible for any resulting losses.
Selling short may result in losses beyond
your initial deposit as well, because you
may have to purchase a security at a very
high price in order to cover a short
position. In fact, most traders will rapidly
lose their initial deposited funds for
trading and may even lose more than their
deposit beyond just their capital.
Therefore, you should not speculate
with capital that you cannot afford to lose.
Also, we're
available to talk to any user of WRB
Analysis about the below topics to help them
navigate the difficulties of trading. You
can contact us @
http://www.thestrategylab.com/Contact.htm
Most retail traders
and vendors do not talk about the
Risk of Ruin. You must
understand the risk of ruin and how to
minimize it. TheStrategyLab only
discusses risk of ruin with any
fee-base client that verifies
their trading via WRB Analysis with
DOKs & Screenshots of Trade Fills
in broker trade execution platform.
Too many traders
understand very little about the
indicators, price action or market
conditions they're trading within.
They trade with real money too soon to
only then either have a spectacular
blow up or
slow bleed in their trading account
until they can no longer trade due to
low capital.
Other's foolishly believe they'll
figure it out on their own while
listening to traders at other social
media sites...others that do not
have a verified trade performance when
in reality you should not be
trading at all. This particular
approach (blind leading the blind) is
very common in the retail
trading community and should be
avoided unless you enjoy losing money.
Instead, you should consult with
someone about the details of your
trade method (sharing any recent
backtests, simulation trading or
professional trade journal results)
and its application in current market
conditions prior to any
further real money trading.
You're doomed in
trading if you're unable to document
your trading via keeping all of your
broker statements (digital or printed)
or making screenshots of timestamp
trade fills in your broker trade
execution platform at the end of your
trading day that will allow you to verify
that the trade method you're using
does in fact correlate with the trade
fills broker trade execution platform
/ broker statements.
Many retail day
traders can not trade stocks because
of the
PDT rule
that requires a 25k capital in the
trading account. Brokers in the future
business know this and take advantage
of it via allowing traders to open 5k
to 10k trading accounts to trade on
margin via several contracts or more.
Seriously, most people have financial
problems and do not know how to manage
their debts and they have this
illusion they have good risk
management to trade on margin under
the facade its just a small
trading account. Don't
misunderstand, I'm not saying if you
have a large trading account you'll be
able to manage the risks involved in
trading.
In
contrast, I'm saying brokers should do
a much better job in educating their
clients about proper use of margin and
leverage. In addition, they should
require their clients to take a class
on the topic along with passing a test
at the end of the class similar to
requirements for a drivers license
because most traders will fail at
trading due to poor risk management
involving abuse of margin and
leverage.
Backtest your
trade method on many different
trading instruments to determine which
trading instrument is more suitable
for your trade method. You may
discover that what you're currently
trading or plan to trade is less
profitable than a trading instrument
you do not want to trade or didn't
consider for trading. In fact, do your
backtest once a month or once each
quarter of the year until you've
master the markets and can determine
when to switch trading instruments
without the need of doing backtests.
Simply, do not get married
to one trading instrument but I'm not
saying to trade something different
each hour or each day. This isn't
rocket science involving how to
properly select a trading instrument.
Learn your trading instrument so that
you know when market conditions has
changed that requires you to go to the
sidelines (no trading)...remaining on
the sidelines until market conditions
improve so that you're trading in
market conditions that give you the
best chance to be profitable.
Be careful
about live
streaming
(e.g. Youtube, Discord, Twitch) your
trading to an audience if the purpose
is for you to follow your trading
plan.
It's too much of a distraction and too
much pressure / stress while you're
trading with real money especially if
you already know there are consistent
mental mistakes in your trading that's
impacting your confidence.
Yet, if
you're live streaming your trading to
get followers and/or to help verified
your trade performance...its ok to use
live streaming for such.
You will
not
be able to trade
for a living as
a newbie trader but you may be able to
be profitable and then slowly grow
your trading account for many months
or years. You did notice I didn't say
days or weeks ? In contrast, with
proper risk management and good
education about all those things that
most traders do not talk about (e.g.
trader psychology, behavior finance,
cognitive decision making, stress
management and other variables) that
includes treating your trading like a
business...you may reach your goal of
trading for a living unless you're
purely involved in trading as a hobby,
academic reasons or you're just a
drive-by curiosity seeker.
Further,
you should not fund trading with
retirement savings, student loans, personal
loans, credit cards, second mortgages,
emergency funds, funds set aside for
purposes such as education or homeownership,
or funds required to meet your living
expenses. Seriously, stay away from the
markets if you got debt problems or you're
creating a debt problem. Also, if you're
thinking about quitting your job...a job
with health, medical and dental
insurance...don't quit your job when you can
easily use your vacations to trade
full-time, days off from your job to trade
full-time, take a leave of absence to trade
full-time or find a different job that's
more compatible to your trading schedule.
Your job is your
security blanket. It will help
tremendously with minimizing the pressures
involving trading and minimizing you're
need to use poor risk management in an
effort to succeed. This will help to avoid
blow up trading days or avoid consistent
losses that will negatively impact
you financially, psychologically and
socially. Yet, if your plan is to become a
full-time trader, do not quit your job.
Instead, use your vacations, sick days,
leave of absence, change your work hours
to trade full-time with real money to
determine if there's merits to quitting
your job. If there's proof you can trade
profitably, ensure you've saved up a
minimum of 1 - 2 years of income
to live on and this income must not be
part of your trading capital.
Trading
requires good knowledge of financial
markets, trading techniques and strategies.
You should understand that while trading you
will be competing with algorithms,
institutional traders, hedge funds, prop
firm traders, licensed traders and other
market professionals. Therefore, do not make
the mistake in believing you're competing
only against other retail traders. In
addition to normal market risks, you may
experience losses due to system failures.
Trading also may result in paying large
commissions. The total size of commissions
that you pay on your trades may
significantly add to your losses or
significantly reduce your profits.
Before
deciding to trade you should carefully
consider your objectives, financial
resources, needs, your level of experience
and other circumstances that includes
consulting with your family members about
your plans to be a trader. Therefore, we
highly recommend you seek advice from an
independent financial advisor and a verified
profitable private trader that has a
strong understanding about risk
of ruin before going into trading
with real money...both of these individuals
you should see in person.
No Trading Advice Provided
Any
opinions, chats, messages, emails, news,
research, analyses, prices, or other
information contained on this Website are
provided as general market information for educational
and entertainment purposes only, and
do not constitute trading advice. We offer no
signal calling trade service and we do not
mentor although we get lots of request to do
such.
Also, the
Website should not be relied upon as a
substitute for a professional trade journal,
extensive independent market research before
making your actual trading decisions and
before you learn / apply WRB Analysis.
Opinions, market data, recommendations or
any other content is subject to change at
any time without notice. TheStrategyLab,
will not accept liability for any
loss or damage, including without limitation
any loss of profit, which may arise directly
or indirectly from use of or reliance on
such information.
Just as
important, we do not recommend the use of
technical analysis as a sole means of
trading decisions nor do we believe you can
be a profitable trader via technical
analysis all by itself. Technical analysis
is just one variable and there are other
important variables such as discipline,
stress management, properly capitalized,
position size management, proper trading
instrument selection, proper home/office
trading environment, team collaboration and
many other variables that are just as
important as your trade strategies. We do
not recommend making hurried trading
decisions. You should always understand that
our performance or the performance of any
user of TheStrategyLab is not an
indication for your future performance.
Therefore,
we make no guarantees you
will become a profitable trader if you use
TheStrategyLab resources. In fact, we
provide free resources for you to
determine on your own the merits of WRB
Analysis via you comparing your trade
results without WRB Analysis versus your
trade results using price action concepts
from WRB Analysis. Simply, your own trade
results with and without WRB Analysis
outweighs any other verification you can
think about. Further, if you decide to
purchase any of our education content prior
to doing your own due diligence
(use of the free resources), you will have
dramatically increased your trading risks.
Disclaimer
(click on image to view
trading results)
http://www.thestrategylab.com/images/050307mFuturesTrades.png
Archive Chat Log @
http://www.thestrategylab.com/050307FuturesTrades.htm
TheStrategyLab,
makes no guarantees about your
trading when you decide to backtest,
simulate trade and then trade real money via
WRB Analysis. If you're someone that needs
verification that WRB Analysis is useful,
you're required to compare your trading
results before learning the
WRB Analysis free study guide versus
your trading results after
learning/applying the
WRB Analysis free study guide to
determine if WRB Analysis improves your
trading.
More
importantly, you must document your
trading (simulator or real-money) as
recommended when using WRB Analysis for
verification about any facts (good or
bad) you publicly state about WRB Analysis.
You must do this for your due diligence.
You can
document your use of WRB Analysis via
backtesting, broker statements of simulator
trades, broker statements of real money
trades and quantitative statistical analysis
via a professional trade journal
software such
as tradebench.com, edgewonk.com,
tradervue.com, tradingdiarypro.com,
stocktickr.com, journalsqrd.com,
tradingdiary.pro, mxprofit.com or
trademetria.com
In
addition, our performance record, our
real-time trades in the free chat room, our
broker PnL statements, our testimonials
(accolades), our clients real-time trades,
our clients broker PnL statements, our
clients full broker statements is not
an indication of your future performance if
you decide to learn/apply WRB Analysis.
Markets are always changing...low volatility
to high volatility, high volatility to low
volatility, trend to range, range to trend,
global economics, changes in exchange rules,
changes in technology and changes in your
own personal lives that will have arguably
the most impact on your trading. Therefore,
as stated above, we make no guarantees
because we do not know the future nor can we
control it.
Trades
represented for TheStrategyLab are via the
real-time trade results posted by our user
name wrbtrader. Although we allow
traders to use our free chat room, make
public the archives of the real-time trades
posted in the free chat room posted by
TheStrategyLab and users of WRB Analysis,
make public our broker PnL statements and
give access to archives of clients broker
statements...TheStrategyLab does not give
anyone access to its trading accounts nor do
we share our full broker statements
with anyone for security reasons and
tax reasons. Yet, other WRB Analysis
users that post their real-time trades,
broker PnL statements, full broker
statements...we are not liable for
any errors, inaccuracies or problems (e.g.
hacked trading accounts, identity theft,
harassment) associated with their decision
to share that information with anyone.
If you're a
user of WRB Analysis in the past and you
posted any of the above information in the
public areas of the free TSL support
forums...we can move that information into a
private thread for you at your request. In
contrast, if you already have a private
thread and you've posted broker
statements, statistical analysis reports,
proprietary trading systems in your private
thread...it is secured, private and will never
be shared.
By the way,
there are vendors that have copied our free
education content and then edited some of
the content to then only sell it for a fee.
There's also free users of WRB Analysis that
have developed their own indicators of WRB
Analysis without contacting us so that we
can verify that the indicators represent the
price action definitions of WRB Analysis. We
are not responsible for your trading results
via those indicators.
Traders that are struggling via WRB
Analysis while complaining about WRB
Analysis without verification
(e.g. real-time trades, broker PnL
statements) that show date, timestamp
entries/exits, chart time frame along with
the trader telling documenting the reason
(WRB Analysis) for the trades so that we
can verify they're using WRB Analysis
correctly...we consider their commentary
hearsay (without truth) because they
are required to properly document
their trading via WRB Analysis and
document their simulator trading prior
to any real money trading.
Seriously,
if someone say they used WRB Analysis and it
doesn't work...tell them to send their
documentation of verification to us
considering they are required to
maintain such documentation of their trading
when they decided to learn/apply WRB
Analysis regardless if its via a simulator
or real money. Next, after they sent the
information to us...you tell the trader to
contact you and confirm to you that they had
sent the documentation to TheStrategyLab.
Simply,
if you decide to bad mouth us...you better
have proof via your trading results,
backtesting results or documentation of
your learning as you agreed to do when you
decided to use WRB Analysis.
You can
then contact us and ask us if we received it
and what was our analysis of the
documentation. This is important because we
already have users of WRB Analysis posting
real-time trades, broker PnL statements,
full broker statements, public testimonials
at our forum and other locations outside of
TheStrategyLab...showing good results and
some showing bad results. Those showing poor
results, we know who they are and have a
good relationship with them because we're
still helping them. In contrast, those that
provide no proof of their struggles with WRB
Analysis, they are either not using WRB
Analysis or they used something from someone
else that they thought in error represented
WRB Analysis.
Analysis of wide range
body or bar (WRB) is the most efficient way to
exploit changes in supply/demand or changes in
volatility for profits.
@
