Time and again I keep getting weird comments from people asking ‘proof’ of the trades that I share. Few of them asking contract notes, others live trades and few asking P&L. Going through their profile I found them to be in one of the following categories:
- Failed traders: who keep switching between strategies. They have basic understanding of the trading concepts, but have never been able to stick to one strategy and adopt it and adapt to it. And what more, they refuse to look inwards. It is rightly said “The most difficult journey you would ever traverse is the journey inside”. They just refuse to do it.
- New to DP system: who just started looking at markets from DP trading perspective and want to reap in profits. Going through the resource book over a weekend and trading it with huge capital. However simple DP trading might look, it is not easy at all. Infact, more difficult than most strategies, as high level of discretion is involved.
- Few twitter ‘star’ traders: Not everyone but few of the self-proclaimed stars who think themselves to be an authority. They believe that they know it all, and everyone else is cheating; and people should give them money to let them save you from others by teaching via webinars or workshops. I have seen few genuinely good traders here. The more you know more humble, welcoming and open you become as a trader. These guys are still far away.
- People who are too gullible and looking for intraday tips only: they ask for live trades, absence of it makes them convinced that some fraud is going on here.
- People who have never studied DP system, leave aside trading or learning: For them everything posted here is crap. Show them live trades and contract notes, then they might think of learning this strategy.
Most of these people think that the onus of proving the efficacy of the system, developing conviction in them about DP trading is on me…how idiotic is that thought process in itself. My apologies, I am not selling here anything that I need to show demo or trials. Merely, sharing a trading strategy, because that’s how I received it. These people do not want to work on their trading skills and trading psychology, it takes a lot more effort than raising questions.
Also I hate putting in this manner, but...everyone's time and energy comes at a cost. I am sharing and discussing nuances of DP trading for free because I received it that way, "With great power comes great responsibilities". I have got nothing to prove to anyone, the onus of learning lies on you. You have a choice to learn a method for life or to question and expect me to show proofs.
The focus of this twitter handle is on the ‘process’ of DP trading only and it will remain so. Profits are a function of one’s knowledge and risk management.
To re-iterate myself:
1. I have no intentions nor any need to ‘prove’ myself to anyone.
2. A method of trading that is working for me is shared here; it may or not work for you.
3. However simple it may look, trading is not easy.
Took me number of years to get profitable. For you it might happen sooner or later, depending on your learning curve. But the horizon here is in number of years (interested people can read ’10,000 hour rule’ by Malcolm Gladwell in his book Outliers).
4. If you think DP system or trades posted here are ‘fraud’, my request is save yourself from the fraud and stay away. I don’t like blocking people but don’t want unnecessary noise on my twitter handle too.
5. Your conviction in a particular strategy has nothing to do with my trade book, my P&L or my contract note…it is something that you develop by learning and practicing.
6. “Show me live trades or you are a fraud” ….No live trading calls here. I am too busy and engrossed during the market hours to post live trades on twitter to ‘prove’ myself. What I take home everyday from market matters, not what some random guy in the twitter universe thinks about me. And my live trading will not improve you as a trader, but will be counter-productive only.
7. If you think my charts based on DP method is contributing even little to your trading journey, keep visiting, else go around there are infinite number of strategies floating around. Find the one that suits your trading style.
8. I have been able to get these results with small lot sizes, with bigger lot sizes obviously the results will vary.
Happy Trading!!!
