50PipsFX

Archive for the ‘Miscellaneous’ Category

Poll: Early Morning Outlook

In Early Morning Outlook, Miscellaneous on September 5, 2016 at 6:43 am

 

LinkedIn Updates…

In Miscellaneous on March 31, 2016 at 1:56 pm

Updates will be posted on LinkedIn too:

I will not be sending out any invitations to connect but will be more than happy to accept any requests.

Hope this helps.

50

 

 

2015 Thank You!

In Miscellaneous on December 31, 2015 at 7:26 am

First of all, I would like to thank everyone for their continued support in 2015. It has been a year characterized by a lot of choppy trading but that still offered plenty on interesting opportunities for humble students of the markets. Furthermore, we have also seen the whole 50Scouts/Darwinex Movement keeping up a great pace, so all in all, we really can’t complain. We are confident that we can keep the momentum going in 2016.

If you are still looking for the right path in your trading journey remember that, as far as we are concerned, it’s all about the basics, being realistic with your expectations, putting yourself in a condition to succeed and staying focused on the right track. Very simple really but not always easy to put into practice, as most of you know. I really can’t stress enough how important it is to stay grounded, realistic and focused on the task at hand. Stay away from distracting/negative influences, construct your own positive ecosystem and remember to treat others the way you would like them to treat you. We detailed a list of key points/thoughts to keep in mind in one of our most read posts this year, you might want to check it out: Friday Musings.

As we have discussed before, it is very difficult to come up with new content/concepts simply because most of the things you need to know and focus on are quite basic. Many traders fall into the trap of not sticking with something long enough to give it a chance of working or dismiss their own shortcomings and prefer to blame something/someone else for sub-par performance. Again, the mechanics or trading are fairly simple but the implementation is the hard part; not due to the physical implementation itself but due to self-sabotage. The latter usually shows up in the form of trading too big, breaking set rules, deviating from the plan and so on… rest assured, these are issues everyone is confronted with, the difference is that some manage to keep them in check and continue to work on tackling them instead of turning a blind eye and continuing to repeat them; operating in complete denial. Remember that it doesn’t have to be that way, you and only you have the power make the decision to change.

For all of the new followers, don’t hesitate to explore all of the free content on the blog. The interviews could be a very interesting place to start to help put the business of  trading into context and to give you an idea of what to look for in terms of realistic expectations. There is a lot of content there for those that are willing to take the time to explore.

Keep in mind that the current geo-political environment and the shifting interest rate cycle should give us plenty to focus on next year with yet another set of dynamics in an ever-changing context. We are really looking forwards to it and are fired up, ready to try and take advantage of as many opportunities as we are presented with.

Health and Wealth to all for 2016!

Thank you once again,

50

 

Happy Holidays

In Miscellaneous on December 23, 2015 at 12:23 pm

Just a quick note to wish everyone all the best for this holiday season.

I will try to hold a live webinar session over the next week so remember to sign up for updates on the homepage if you want to make sure that you get an email in case you are in and out over this period.

I will no doubt do some kind of a year-end post but for now, thank you for all of your support this year, enjoy the holidays, get rested/refreshed  and ready to come back strong in 2016!

hh

Friday Musings…

In Food for Thought, Miscellaneous, Weekly Webinars on September 10, 2015 at 7:29 am

A healthy reminder of some key points…

50's Blog

I felt that I should try to be productive on this slow day in the markets so here are some random musings. Hopefully you’ll find something of value to you and please feel free to share this post with anyone who you think my benefit from being exposed to these points or simply from a healthy reminder😉

– Successful people tend to be extremely passionate and resilient. However, if you do not put yourself in a position to succeed, passion and resilience will likely just increase your struggles and prolong the inevitable…

– Trading is an extremely hard way to make a living. Don’t let anyone tell you it can’t be done but equally, don’t let anyone give you the false impression that it is easy, that there are shortcuts or magic formulas.

– Make sure you understand the basics and then find out what works for you. Don’t…

View original post 414 more words

Heads Up…

In Miscellaneous, Weekly Webinars on August 14, 2015 at 9:48 am

Just a reminder for email subscribers that additions/changes to the Weekly Webinars Group service will be announced on Monday.

In case you were thinking about signing up, this is your chance to lock-in the current rates.

Catch you all back in action on Sunday with the new outlook video😉

50's Blog

The blog, twitter account and weekly webinars will be taking a break and we’ll be back on Sunday 16th with a new edition of the Weekly Wrap-Up & Outlook.

On a side note regarding the Weekly Webinar Sessions; some fairly significant additions will be announced when we get back so, if you were thinking of signing up, I would suggest you do so earlier rather than later. As a reminder, subscribing locks you in at the subscription rate as long as you remain an active subscriber ahead of all future revisions.

Apart from the additional content, we will also be putting new subscriptions ‘on hold’ and only open them up  every 3/6 months in order to ensure a more structured approach through the additional content and optimal live Q&A access for the morning call.

I am sure that those that are interest can easily find their way to the learn…

View original post 26 more words

Heads Up…

In Miscellaneous, Weekly Webinars on August 7, 2015 at 1:58 pm

The blog, twitter account and weekly webinars will be taking a break and we’ll be back on Sunday 16th with a new edition of the Weekly Wrap-Up & Outlook.

On a side note regarding the Weekly Webinar Sessions; some fairly significant additions will be announced when we get back so, if you were thinking of signing up, I would suggest you do so earlier rather than later. As a reminder, subscribing locks you in at the subscription rate as long as you remain an active subscriber ahead of all future revisions.

Apart from the additional content, we will also be putting new subscriptions ‘on hold’ and only open them up  every 3/6 months in order to ensure a more structured approach through the additional content and optimal live Q&A access for the morning call.

I am sure that those that are interest can easily find their way to the learn page to subscribe… it’s probably amongst the best trades out there; excellent risk/reward😉

All the best to everyone, catch you all back on the 16th!

Heads Up…

In Miscellaneous on June 28, 2015 at 7:01 pm

I am not going to record a weekly outlook video as things are still too uncertain with most euro crosses looking to open with 200+ pips gaps… I do not want newer traders to think that there is any edge in trying to buy a lottery ticket into the open.

Keep in mind that markets will likely be very volatile, thin and nervous; characteristics that usually lead to horror stories not high r/r trading. Don’t forget brokers will be on edge too and that if you get in trouble by trying to be a hero in these conditions, it will be very difficult to blame anyone but yourself for whatever happens.

I would suggest sitting back and letting things settle. If you still haven’t read it, then I would suggest you take a look at the latest blog post which falls into the #fxadvice category, hopefully benefiting both new and older traders. Don’t hesitate to share it or RT it; I feel that they are basic points but that unfortunately, they are never stressed enough.

As I mentioned in the last YouTube video, I wanted to do something special for followers this week. The current plan, depending on how the markets react/settle, is to try and do a full day open-room policy. Basically, I will open up a webinar and be available for questions and do live updates throughout the day. As you can imagine, the initial plan to do it on Monday has been scrapped as I will likely be very busy but I will make it a point to dedicate some time to this this week… just paying it forwards.

To all of the 50Scouts members, please remember that you have to opt-in to the special invite sessions if you are interested in attending.

Wishing everyone a pippin’ week ahead.

Stay safe😉

 

 

 

Friday Musings…

In 50 on Markets, Food for Thought, Miscellaneous on June 26, 2015 at 2:01 pm

I felt that I should try to be productive on this slow day in the markets so here are some random musings. Hopefully you’ll find something of value to you and please feel free to share this post with anyone who you think my benefit from being exposed to these points or simply from a healthy reminder😉

– Successful people tend to be extremely passionate and resilient. However, if you do not put yourself in a position to succeed, passion and resilience will likely just increase your struggles and prolong the inevitable…

– Trading is an extremely hard way to make a living. Don’t let anyone tell you it can’t be done but equally, don’t let anyone give you the false impression that it is easy, that there are shortcuts or magic formulas.

– Make sure you understand the basics and then find out what works for you. Don’t be in a hurry. If you are wired to trade, this is a great profession. If you are not, then there are a lot of other things to do in life.

– Remember that it’s a marathon, not a sprint. The markets aren’t going anywhere, take your time and do things the right way. Remember that if you are thinking about the longer term, winning the wrong way is not only still wrong but it’s also not a repeatable and consistent way to run a business and deliver results.

– An overriding theme to keep in mind is: ‘this is not a game, it’s a business’. Be solid. Be professional. Be realistic with your expectations.

– The good news is that it’s really not that hard to understand the basics but the not so good news is that it’s hard to be able to internalize these basics and stay on-track in a live trading environment.

– Don’t forget that it’s pretty much always the same movie but the context is ever-changing.

– Easier said than done but once you have set yourself up with a realistic road-map; you just have to stick to your rules, plan and set-ups. That’s the hard part. No fancy things, no bells and no whistles; do more of what you do well and less of what you don’t do so well. Very simple really but not always easy to put into practice, as most of you know.

– The key balancing act is; being a flexible humble student of price action and market psychology whilst being rigid on positive reinforcement and mechanical execution in a live environment.

– Keep in mind that self-sabotage, whether conscious or subconscious, is probably at the root of most issues you will face in your trading journey.

– In different shapes and forms: leverage kills. Once you understand and control that, you can get away with a lot and still be around to fight another day.

– Many can talk the talk but few can translate this into a decent track-record… the basics are, pretty basic but practice is more tricky. If this rings for you, you might want to focus more on understanding bet size and how that effects the translation of your edge. Obsessing about entry and triggers, all things being equal, is probably the least important aspect yet very few ever get this. Remember that if you get your bet size wrong, you could end up with a negative p&l even with a guaranteed mathematical edge.

– Remember that things move in cycles and that what goes around comes around…

For all of the new followers, don’t hesitate to explore all of the content on the blog. The interviews could be a very interesting place to start to help put the business of trading into context and to give you an idea of what to look for in terms of realistic expectations. There is a lot of free content on the blog for those that are willing to take the time to explore.

Should you be interested in a more in-depth discussion on the topics mentioned in this post and a more structured approach to setting yourself up to have a chance of succeeding, you might want to check out the  Foundational Webinar Series.

2014 Thank You!

In Miscellaneous on December 31, 2014 at 12:05 pm

Here we go again, yet another year is coming to an end…

I always start to write these year-end notes with the intention of trying to say something new but I guess that it’s just like trading… it’s all about the basics. No fancy things, no bells, and no whistles; do more of what you do well and less of what you don’t do so well. Very simple really but not always easy to put into practice, as most of you know.

The more you have the luxury to stick around in this business, the more it will become apparent that it is primarily about being realistic with your expectations, putting yourself in a condition to succeed and staying focused on the right track. As usual; no crystal balls, no magical indicators, no holy grail. On one hand we strive to be humble students of price action and market psychology whilst on the other, we stress positive reinforcement and mechanical execution.

As always, remember that trading is an extremely hard way to make a living. Don’t let anyone tell you it can’t be done but equally, don’t let anyone give you the false impression that this is easy and that there are shortcuts. In my humble opinion, a real trader is formed through consistency/longevity and despite the fact that not everyone is going to be able to function in this type of business, if tackled with dedication, discipline and devotion, it can be one of the most rewarding ways of life, if not ‘the only way’, for people that are truly wired to be traders.

I really can’t stress enough how important it is to stay grounded, realistic and focused on the task at hand. Stay away of distracting/negative influences, construct your own positive ecosystem and remember to treat others the way you would like them to treat you.

For all of the new followers, don’t hesitate to explore all of the content on the blog. The interviews could be a very interesting place to start to help put the business of  trading into context and to give you an idea of what to look for in terms of realistic expectations. There is a lot of content there for those that are willing to take the time to explore…

I would like to thank all of:

  • the active followers that continue to take the time to comment on the blog and share the content that I provide. It is always rewarding to see people like and find it useful, so thank you once again, I really appreciate it.
  • my students; past, present and future for keeping me sharp, focused, accountable and unbiased. Motivating me to always strive to take things to the next level.
  • the guys at Darwinex for this interesting opportunity/platform which will no doubt keep us very busy in 2015.
  • the haters/copiers/scammers that remind us what not to do and what not to be; furthering our conviction that we are on the right path with every stab they take.
  • the ones that may have slipped through the cracks but that still deserves a massive thank you.

Health and Wealth to all for 2015!

Thank you once again,

50

%d bloggers like this: