Received 2 Karmas
Larry1982
1
Larry1982 Jan 06, 2:57 PM

Great review Brandon. I really respect the amount of work you put into review and analysis…I know it’s going to pay off huge for you!

brandonkoy
1
brandonkoy Jan 07, 5:11 AM

Exciting to share our ideas back and forth. Learning from our mistakes and best practices will no doubt improve our skills.

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Received 4 Karmas
karman
1
karman Nov 01, 23 7:35 PM

Great recap. Good to come out green on the day, like you did. Definitely good to keep size in control in this market condition.

brandonkoy
1
brandonkoy Nov 02, 23 1:55 AM

how much were you risking that you felt was too much and whats your new risk going to be as you downsize

DDT
1
DDT Nov 03, 23 11:24 PM

Thanks for the review Jake.

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Jayray_68

Super awesome to put some faces to some names finally, pretty awesome to answer some really in depth questions at the 2023 conference as well. Lots of traders with a desire to become better. That’s a good thing. It takes a ton of trial and error in this industry to find out what works for you my biggest take away from the conference is everyone sitting on stage capitalized on the mania when it presented itself and worked on perfecting their strategies in the slow time. This is important for me and it ties into seasonality. As the market presumes to be bearish. I’ll focus on doing what I’m doing and not feel obligated to necessary push my size as I was beginning to. And wanting to, there’s a time and there’s a place for pushing size and capitalizing on my strategy’s and current market conditions are telling me take what I can get for now and just be prepared to push size when the opportunity finally presents itself. So far I’m staying pretty locked in and comfy with these $300-$400 losses in our current market. It’s not a cookie cutter approach everyone’s strategy , comfort, account etc is totally different so defining what you’re willing to lose in your strategy will be different than mine. My goal for 2023 was to not let my account take any big hits and proud to say I’m only a couple months away from succeeding this goal thanks to 2 golden rules. Rule number 1. Never add to a loser. Number 2. Always have a predetermined dollar loss in mind per setup and size in so I’m not risking more than that dollar amount. This has allowed my winners to almost always outweigh my losers and has been a huge push forward in 2023. If I complete my annual goal for 2023 I can set a new once in 2024 and I already know it’s going to consist of letting my winners run and having more patience. Trading is like stacking blocks. One at a time and in uniform is the best way to build the tallest and strongest wall. Happy to say 2023 has been a great year of profitability especially in such a slow market where other traders have been simply trying to survive. But it’s not luck it was hard work dedication and the thirst for financial freedom. There’s no expiration to become a successful trader just know that, everyone’s pace everyone’s life style is totally different. It’s up to your dedication on how fast you want to speed up that learning curve. I do have to say met some great people at this conference probably the funnies response was “Jayray you’re not at all what I thought you were, you’re a lot more hillbilly than I imagined” literally will be laughing at that comment for years to come. Great meeting you all. Never forget it’s strictly business out here. The second you get comfy is when you get run over. Every day is the chance to learn something new no matter how far along in your career you are. God bless and trade on! If we met at the conference let me know what your favorite thing was would love to hear it🤘🏻

Received 11 Karmas
Hirtz
2
Hirtz Oct 29, 23 1:05 PM

You are a hillbilly! Try to avoid elevators for a while! Best part of the conference was putting faces with the names and discussing different viewpoints/strategies.

brandonkoy
1
brandonkoy Oct 29, 23 11:32 PM

you the man jayray fav thing was everything

AllenMorelock
1
AllenMorelock Oct 31, 23 1:40 PM

Hirtz summed up what I was going to say...lol You've been crushing it this year! Keep it up! My favorite thing was definitely meeting everyone and hearing their stories, good or bad.

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