Thread by @frkurniawan

3 years coaching 11 ppl.
With 4 person "make it"
and 7 person "didn't make it"

Here are some statistics.

P/L% avg of new traders (with my help) :
67% W, avg win of 14.71%
33% L, avg lose of 3.72%

Contrast to my own :
47% W, avg win of 22.76%
53% L, avg lose of 2.21%

New traders haven't had the sense on "how far did we come, do we come this far to only come this far..?"

Avg RR for new traders (with my help), of a closed posiitons.
RR avg : 3.12

Contrast to my own :
RR avg 2.37

I need to learn from them.
Apparently new traders got more guts, they dare to buy early compared to us who are more seasoned.

Note that any new traders since 2018, HAVEN'T ONCE experienced a bear market. Only few corrections with less than 7% move on major indices.

We don't put in COVID crash because our Stop Loss will have covered that. It's a "non-event".

Avg days for a position to be "open" in the market.

New traders:
W> 5.7d
L> 2.2d

Contrast to mine :
W>12.4d
L> 1.7d

It's about riding the trend.

Trend definition :
A general direction where things are going.

Avg $ in "open" position.
New Traders : $2,384 USD
Highest on open pos, avg : $8,744 USD

Avg $ in "open" position : $3,759 USD
Highest on position, avg : $7,419 USD

Note: traders who I coach/mentor/instructed started w/ at least $12,000 USD, value above is normalized to $12K

Again, it's about $ management and risk adjustment.
Higher risk% means less $ you can afford for it to work for you.

A longer holding time won't allow more $ execution hence I have less value on "Highest on position".

Last most important metric for a trading journal.

Qty of Open Positions. With normalized to $12K trading acct.

New Traders : 3.7

Contrast to me : 6.3

I open 2 times more POS than new traders, this has downside of higher commissions base, but provide a lower risk probability.

Conclusion (1):
>Impulsive Franky is not as Impulsive as New Traders simply because Impulsive Franky has system that counter his nature.

>A system doesn't work if it's not suited to the user.
>Customization of a system begins by owning laborious data (not cherry picking)

Conclusion (2):
>Most traders have a mindset problem.
They are looking at a setup on the tape.
They should let the tape let them know if there is setup or not

>This is called Red Herring Fallacies (if we're talking about logic)

Conclusion (3)
>New Traders can refine better judgement on technical side of things to their trading style if they know what's wrong.
>This is our job as mentor, coach, instructor.
>It pays fairly well rather than making that mistakes yourself.

Conclusion (last):

>There are long roads from the trailblazer before you. Your job is to follow what long, straight road. EZ.

Why, 7 person didn't make it..?

You don't make it when (stock market):
>You need cashflow for something you didn't plan (3)
>You went all-in and stay stupid (2)
>You didn't listen to what your coach told you on a stock LIQUIDITY ISSUE (1)

>You don't learn from your mistakes and made bigger mistake until your acct is 50% or less. (1)
>Of course there are more problems, human is a complex being. But these are the most prevalent tendencies I saw --so far.

On 2015 I told an ex. I want to retire before 33.
I retired on 29.
So I figured I have 3 years for fun educating people and such.

That said, I might have done my 3 years debt now.

Hey, 4 person who made it.

If 3 of them gonna start a family of 4, I've returned my life-tax, 10 times over (in value worth).

Well, can't be proud contributing to more population density, can't we..?
Ooh, but they can live anywhere, everywhere.
\_(" ,)_/

Think this is quite solid as it is.

Time to @threadreaderapp unroll