Originally posted by Amadorian
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so so funny and telling that you just deleted your other more recent post, which actually gave Outside the Box a great compliment and acknowledged how well I have been managing the recovery so far... huge 21% booked profit now in July since the drawdown in June, and of course you were only really trying to highlight a negative once again... the small 10% open drawdown currently.... and of course it didn't sound BAD enough to post, as everyone just loves smearing me here and not acknowledging any positives.... so you deleted it. but thanks anyway for showing me that there are good thoughts out there, just no one wants to take the time or the courage to make them public.
1 - I have published at least 6 other profitable strategies that are now either private or had drawdowns after periods of between 9 and 28 months, which indicated that I should make further improvements before I make them public again. This is prudent and wise and good practice. The new updated flagship low risk strategy will be live in August.
2 - I have had trade copy subscribers all throughout my 30 months of providing my strategy for trade copying and fund management. This means there are those who have trusted my trading and who have verified that the results are real and accurate. There are also those who didn't replicate the stellar returns that my masters accounts did over those 9 to 28 months, and thus they are frustrated and disappointed. This is quite understandable. The benefit comes in other beginning traders seeing a tough situation or cycle of situations be resolved and see that IT IS possible to experience "naysaying" and "doubters" and "psychological resistance and unhelpfulness" and still maintain resilience to finally attain expertise and mastery.
Those with the dream of a second stream of income, financial independence, those who have lost considerable sums of money, or those who would like to earn income from home once retired etc.
The benefit comes from the first 29 months of the deployment of my strategies and to see them come to fruition and a positive conclusion. As others on the same journey will no doubt encounter these exact pitfalls and will benefit from seeing that it is possible to keep fighting and coming back stronger from "failures".
There are many investors who do not speak up or support, because they too are trying to avoid needless and unproductive banter and bickering, which they know is the worst influence on the peaceful mind of a good trader and long term investor. So these people stay silent and do not want to sully their name on a public online forum for fear of the same reprisal that I and other "bad traders/investors" have experienced.
I am not focusing on those who have given up and who are allowing their mouths to verbalise frustration. The true strength is in those who continue quietly believing that mastery is attainable and that good communication is necessary for this to happen.
3 - Disappointment is fine, but it's what you do next, how you deal with disappointment that defines a trader's ultimate success.
That's why I try to educate investors how to brush those negative emotions off as quickly as possible. What, in the end, do they produce of value? Not much.
Reflection is the real goal, but certainly not fighting, verbal abuse, complaining, and ignoring that endurance leads to slow progress over time.
Subscribers / investors are NEVER promised ATM-like / no drawdown type profits. They are given a choice to follow my trading by copying, by looking at my verified history, and by monitoring their account's balance, margin available, lot sizing, etc while it is connected. Furthermore, I do not have control/ knowledge of the capital they have invested like I do with Fund Clients, and so I have to educate trade copy subscribers that they must remain vigilant and engaged in the trading process.
If you want the gold standard in forex investment, then PAMM fund is the only way to go. If you want to go cheap and hope to get rich by paying a monthly fee, then that is also possible.
Pamm clients know how to adjust risk multipliers, take profits, add capital, and invest for the long term. Much much more valuable skills than the ones practiced by trade copiers.
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