Nick talks about getting the help of professional mentors
and what it is really like to be a full-time day trader.

We asked our Pro Traders how they got on last month.

Here is what they said;

 

From 5-30%

 

3-20%

 

7% after only two months in Pro Trader!

 

As part of Pro Trader you send in your trading results each month
for review here is one review again warts and all.

My breakdown of he figures—-

–          Total number of Trades               = 18

–          Total number of Entries              = 37

–          Total winning Entries                   = 30

–          Total Loss Entries                          = 7

–          Average Win Per Trade                = $146.01

–          Average Loss per Trade               = $22.76

 

My original starting balance was $5,700.00—with 1% being $57.00

My balance is now $14,510.47 (Hey—that is 150%for the year so far)— with 1% now being $145.00

So I am able to maintain my Risk Control and still keep increasing exponentially.

 

As you know, I have taken to your APA and I have started to adapt this to every trade I do. For instance my use of multiple entries allows me to enter and exit at different levels—and it is a type of ½ profits trading. Even the 50% and 75% retrace on the 5MB trades have taught me the PATIENCE to wait for better entries on other types of trades.

 

My biggest mindset is “DO NOT LOSE BIG”. I no longer try to hit it out of the park—consistency is key—where have I heard that before???

I have really tightened up on my use of Stops—mostly visual—although I do put hard stops in case of internet failure—-but in the main, I am overcoming the old habit of watching stops run and burn my account.

The other big thing is that I have drastically cut back on the number of trades I take. I thought this may have taken me some time to do, but even after a short time, I find I can quite contentedly si and watch without FOMO—I just know there is a better trade later. (As you can see, I have even cut back on my spikes—I wait now till I see what you have to say each day—and rarely go against what you describe.

 

Again, I know I have a long way to go—but I feel that if I can keep doing this, it will all come together.

Your comments will be greatly respected.

Thanks again

MickO’

Go Markets Pty Ltd

A/C No: XXXXXX Name: Michael O’Shea 2018 October 31, 23:59
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
41423745  2018.10.01 10:00:13 buy 10.00 ftse100 7478.67 0.00 0.00  2018.10.01 10:01:42 7484.41 0.00 0.00 103.69
41423803  2018.10.01 10:00:56 buy 10.00 ftse100 7462.96 0.00 0.00  2018.10.01 10:01:29 7483.41 0.00 0.00 369.49
41452308  2018.10.04 12:09:35 buy 8.00 ftse100 7440.35 0.00 0.00  2018.10.04 12:12:38 7440.83 0.00 0.00 7.03
41458610  2018.10.05 10:01:15 buy 5.00 ftse100 7411.03 0.00 0.00  2018.10.05 10:01:49 7407.54 0.00 0.00 -32.25
41458783  2018.10.05 10:13:13 sell 4.00 ftse100 7408.86 0.00 7370.00  2018.10.05 10:20:56 7392.57 0.00 0.00 120.52
41458846  2018.10.05 10:18:55 sell 4.00 ftse100 7395.98 7396.00 7371.00  2018.10.05 11:21:32 7375.44 0.00 0.00 151.64
41465738  2018.10.08 10:04:01 buy 10.00 ftse100 7304.37 0.00 7309.50  2018.10.08 10:06:01 7309.61 0.00 0.00 97.12
41472966  2018.10.09 10:02:12 buy 5.00 ftse100 7235.86 0.00 7258.00  2018.10.09 10:07:41 7236.41 0.00 0.00 5.09
41473199  2018.10.09 10:15:14 buy 5.00 ftse100 7235.21 7235.00 7255.00  2018.10.09 10:42:03 7240.50 0.00 0.00 48.90
41479685  2018.10.10 10:04:35 buy 5.00 ftse100 7223.25 0.00 0.00  2018.10.10 10:11:07 7223.73 0.00 0.00 4.44
41488982  2018.10.11 09:21:17 buy 5.00 ftse100 7041.63 7010.50 7130.00  2018.10.11 09:55:27 7060.84 0.00 0.00 179.15
41489390  2018.10.11 10:02:06 buy 10.00 ftse100 7041.38 7045.00 7088.00  2018.10.11 10:16:45 7058.50 0.00 0.00 319.21
41489529  2018.10.11 10:06:31 buy 5.00 ftse100 7034.40 7010.00 7049.00  2018.10.11 10:10:18 7052.75 0.00 0.00 171.11
41516326  2018.10.16 10:02:02 buy 5.00 ftse100 7019.75 0.00 7025.00  2018.10.16 10:08:44 7024.97 0.00 0.00 48.25
41516350  2018.10.16 10:03:23 buy 10.00 ftse100 7015.26 0.00 7025.00  2018.10.16 10:07:43 7021.27 0.00 0.00 111.10
41524659  2018.10.17 10:18:38 buy 10.00 ftse100 7071.73 0.00 0.00  2018.10.17 10:22:03 7072.55 0.00 0.00 15.12
41529982  2018.10.18 01:51:54 sell 5.00 asx200 5938.30 0.00 5929.00  2018.10.18 01:56:13 5943.79 0.00 0.00 -27.45
41530112  2018.10.18 02:03:24 buy 50.00 asx200 5930.83 0.00 0.00  2018.10.18 02:05:12 5935.31 0.00 0.00 224.00
41544189  2018.10.19 16:53:03 sell 10.00 cac40 5102.50 0.00 5095.00  2018.10.19 17:02:22 5102.12 0.00 0.00 6.11
41548084  2018.10.22 10:03:19 sell 3.00 ftse100 7078.05 7076.50 7011.00  2018.10.22 11:32:30 7065.11 0.00 0.00 71.34
41548246  2018.10.22 10:25:11 sell 8.00 ftse100 7069.91 7082.50 7058.00  2018.10.22 11:03:44 7058.05 0.00 0.00 174.54
41569457  2018.10.25 10:10:36 buy 5.00 ftse100 6890.92 6867.50 6925.00  2018.10.25 10:22:14 6907.95 0.00 0.00 155.61
41569566  2018.10.25 10:17:13 buy 5.00 ftse100 6895.31 6867.50 6920.00  2018.10.25 10:27:55 6898.92 0.00 0.00 33.00
41569719  2018.10.25 10:32:24 buy 5.00 ftse100 6907.19 0.00 6920.00  2018.10.25 10:41:46 6919.95 0.00 0.00 116.55
41575297  2018.10.26 02:03:23 buy 5.00 asx200 5681.77 5672.00 5692.00  2018.10.26 02:11:51 5692.74 0.00 0.00 54.85
41589193  2018.10.29 11:09:43 sell 5.00 ftse100 6982.67 6987.00 6955.00  2018.10.29 11:22:15 6987.03 0.00 0.00 -39.38
41598644  2018.10.30 11:01:49 sell 5.00 ftse100 7047.91 7057.00 7034.80  2018.10.30 11:23:53 7057.09 0.00 0.00 -82.68
41598698  2018.10.30 11:02:07 sell 8.00 ftse100 7050.65 0.00 7036.00  2018.10.30 11:09:42 7039.68 0.00 0.00 158.05
41599063  2018.10.30 11:25:48 sell 5.00 ftse100 7055.35 0.00 0.00  2018.10.30 11:32:12 7042.18 0.00