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Sam@ezeetrader.com

5 Comments

  1. Paul-Reply
    April 25, 2016 at 11:55 am

    Hi Charlie,

    first of all thank you very much for your videos, they are very helpful for me. Apart of that,I’d like to ask you some peace of advise related to trading. I’m an industrial engineer. I’ve been trading on demo accounts for 2 years, studying, learning and trying to find a good strategy, backtesting a lot, but not really with success. Then I started daytrading news releases, and worked for 3 months more on demo account. It went very well, so I started in real account, without backtesting it, because this was almost imposible because of the analysis involverd, this 6 months ago. I’m more or less flat, sometimes I lose some good opportunities because cant be around all the time, so I’m just looking for another more swing-based-strategies.

    I have a 1000 pounds account, very small, but I’m still trading 0.5-1% per trade, which means maximum 0.05 lots! But I have patience, manage a lot the risk, the trades, use tight stops when it’s possible, and I always try to run the winners. I really worked my mindset, I see it like a long-term run, and I know that takes time, but it seems that everybody has at least gained something or had a good run at some point, although they lost everything again. But it’s not my case, it seems that I do everything in the correct way, but I cant find any good strategy or setup…

    But the thing is that I was reading about your MBT-Swingtrading course, and I got a little bit confused, because it’s about discretionary trading, isn’t it? So you dont really have to backtest? And you base your trades on your analysis and not in a backtested-spreedsheet-data?. I’ve being reading about discretionary trading, I’ve never done that. I feel confused, I’ve always done a lot of backtest, but without any kind of really consistent results, and I always though that that was the way: First backtest, works? So fine, start trading. But now I think that maybe was in the wrong direction, but I don’t really know how to continue. Related to the discretionary trading, I feel that it envolves a lot of work, experience, and without backtesting? I don’t know if I could be able to do it, and I’m starting to think that this is maybe not for me, that I cannot really trade, I’m not able to do it.

    What do you think that I should do? Sorry for this long message, but I wanted to tell you, because I really admire you, and I really like the trading concept, and I’d like to learn to trade, but in someway, I think that it’s maybe too complicated for me, or even impossible, I always had little expectations, but now it seems to me that it’s maybe an scam or that’s an impossible task, I dont know…

    Thank you very much for your support Charlie, it really helps.

    Kind Regards

    Paul

    • Charlie Burton-Reply
      April 25, 2016 at 1:45 pm

      Hi Paul. Yes it does sound like you’ve got stuck. There’s nothing wrong with backtesting strategies but if your thinking is too linear, you will indeed come unstuck.

      The MBT does have strategies within it that you can test by themselves but the missing ingredient with MBT is the ability to place an individual situation into the right context. That’s the discretionary part of MBT – showing traders how to properly analyse the market to give that added depth to what they are doing. We’ve have great success with MBT for swing traders and there’s support from the regular webinars I do to.

      So yes I do think you should take the plunge and join us. By all means speak to Sam too as she holds lots more testimonials!

      Charlie

      • Paul-Reply
        April 25, 2016 at 3:16 pm

        Hi Charlie,

        thank you very much for your fast answer, that helps. That sounds fine, so I’ll think about it, put all my thoughs in order, and get it when I’m prepared for that kind of methodology.

        Thank you very much for your help again!

        Kind Regards

        Paul

  2. Paul-Reply
    April 25, 2016 at 3:19 pm

    Sorry, but I forgot to answer. What markets do you trade with that kind of methodology? For which ones is prepared? Forex majors? And what kind of returns are suposed to have with low leverage, risking around 1% per trade? Or this depends a lot on the trader? Because it’s discretionary I mean.

    Thanks again

    Paul

    • Charlie Burton-Reply
      April 25, 2016 at 3:26 pm

      Yes I trade the majors. With regards to returns, that’s down to the individual and how often they trade so I can’t answer that but I can tell you its a damn sight better than mechanical trading!

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