This practical class is meant to present what people think about trading that either fails to recognize netcasting or would be an outright criticism of netcasting.
If you are think netcasting is going to be endorsed by experts then you’ll be shock at what an expert’s view would suggest in this class.
First, you’ll learn what the ordinary traders think about netcasting in principle of the insight from their forum thread, and then you’ll see what a critical cause of loss in trade suggests from an expert’s view, supposing netcasting never existed in the first place.
Well, that is why this class is important. The most professional trader hasn’t heard of netcasting and hasn’t ever tried it. So, let’s see what the average trade thinks about netcasting in principle.
Forum Thread with Insights on Netcasting
From this Forum’s thread, you should get the picture already concerning the expert’s approach to trading versus the netcaster’s approach.
The former is too critical, while the latter is not worried or bothered about anything the market analysts or who ever says, and still doesn’t lose on a single trade, as the culture is to let the losing trade run for as long as it would take for the trade to reverse in favour of taking profit.
The netcaster doesn’t take risks that would limit the possibility of staying in the market long enough. The netcaster is patient to wait for losing trade to stay in loss long enough until there is a reversal.
The netcaster does not set stop loss, and does not set take profit because these are for the experts. The netcaster only comes in like a fisher man who knows he is not in control of the fish in the water, but only hopes on for casting the net in the right direction.
However, the expert doesn’t think netcasting is possible in forex trade, and so the following article is an example of an expert’s reasons why netcasting won’t work, but the netcaster is independent of expert’s analysis, and so defies all fears entertained by the expert.
The netcaster is the natural trader. The trader with full tolerance of market conditions, absolute patience with price action, and commitment to staying in a trade until it turns in profit, without ever taking any loss, just as the netcaster does not set stop loss. So, as a netcaster you won’t believe all the expert wants you to believe below, if it contradicts your netcasting technique.
What the expert wants you to think about loss that you shouldn’t accept
What characterizes the Expert’s View Is the Centrality of Forecast!
How Different Is Netcasting?
Netcasting is different from what the experts think and how they react to trading, and has very different rules too. So, we’ll take these rules but before then, let’s put netcasting into the perspective of every day commercial activity.
What Is Netcasting Once Again?
Netcasting is the only authentic set-and-forget 100% manual trading technique. You only cast the net by opening a position like a net cast for fish, then you check back after ever hour to see if the fish has been caught.
If caught, you take out the fish and cast again, if not yet, you wait and check back for each of the next five hours before casting another net in the opposite direction, while letting the previous net bring in the catch for the subsequent 8 times of consecutive hourly checks.
Otherwise repeat the check after the 10 hour market break of each day, until the catch comes in, then take out the net to take out the fish and cast again as you move on to a new position either substituting one pair for another or trading the same pair.
This is the netcaster, a complete different approach to trading without any forecast.
Netcast Versus Forecast Trading Techniques
Netcast is the antithesis of forecast. The fisherman does not depend on any predictions before casting the net for fish. The expert is too fearful of losing and so rules out the natural expectations the netcaster is known for as a fisher man.
The netcaster sees losing trade as potentially profitable trades, and so doesn’t accept losing trade as loss under any condition, as a result, the netcaster never sets stop losses unlike the forecaster. The forecaster on the other hand cannot depend on natural occurrences in price action, hence with fear of the unknown would not trade unless some level of confidence is built and so would always set stop losses that are irreversible once set.
The netcaster trades with zero emotions and so won’t do more than wait for a losing trade to become a winner, no matter how long it takes, and that’s because the netcaster is content with small profits and his only trading plan is to decide on how much little profit to take before reopening the won trade, as well as how long to wait for a losing trade before hedging a losing trade without closing the initial position but let it stay in loss for as long as it would take before there would be a reversal necessary for a win to occur on the trade, and lastly, the only trade plan consideration is how many times the netcaster will take small profits on any trade hedging a losing trade before deciding not to reopen the closed profitable position.
The Netcasting Rules
For these three considerations there are three simple rules that imply nothing absolute, as the netcaster is a natural trader who disregards any form of formal trading rules.
So, the netcasting rules for the three trading plan considerations are only three, namely:
1. Take profit from 15 cent and 1 dollar without reliquishing the position hedged.
2. Reopen the profited position for as often as 5 times a day, whether it is a hedged position or a free running position.
3. Wait not more than 6 hours and 70 cent negative on a losing trade before hedging it, and once hedged, leave both positions open and only close and reopen the one on profit following rule 1 above.
The rational for these three rules is to keep the netcaster always in the market and to provide enough room for a significant gap to occur before deciding to hedge so that both positions can be held without conflict when there is a reversal.
Furthermore, the netcaster never accepts any loss but only profit and so the overiding rule to sum up all three rules and implement netcasting is to never close a losing trade but hedge it after 6 hours of staying negative while leaving both positions open and only taking profit whenever it occurs.
The question then is whether the netcaster can really make profit and if he can make more profit than the expert.
There is only 1 answer to this question, and the answer is yes, because of consistency in closing only profitable trading positions. There is ultimately no loss in trading history, only profit, and every profit closed is locked in the bank as equity, and the balance may reflect the growth taking place as showing the overall rise in capital, despite the losing positions left open.
The equity continues to rise slowly showing that the netcaster is making profit steadily by accepting small profit. Furthermore, the netcaster is not greedy, and so does not just let a profiting trade to run too far, since he knows he will secure the profit above 15 cent and always reopen the same position at the same time.
Doing this, the trader never sacrifices any profit made on the altar of greedily waiting to hit a high profit margin.
The netcaster is concerned only about the healthiness of his margin, margin level and free margin. And since he does not close losing trades the stats are always in his favor and rising margin means he has opportunity to hold many market open positions at the same time. However, there is a restriction here, healthily the netcaster shouldn’t open above 7 positions at any given time, and so trade a maximum of 3 major pairs daily so as to be able to hedge on each without holding above 7 open positions.
This practice is for the health of the trading account. In additional, the netcaster should keep on trading with not more than 2 micro lots for any starting month and only increase the lost size by 1 micro lot after 1 month while maintaining the healthy account status with no more than 3 unique pairs per day. By consistently staying in the market, the netcaster is able to grow his equity by 100% month on month yield, in order to increase his lot size by 1 micro lot month on month.
Having a healthy margin level the netcaster has no fears of ever being bullied out of the market when a trade is on the losing end, and this is because his risked capital is not above 3% in any open position, and his risk tolerance rises in direct proportion with the 100% consistent rise in his equity.
By and large, netcasting is the safest trading technique that completely eliminates every risk for the trader, hence a zero risk trading technique for the trader. Who wouldn’t be a netcaster is who wouldn’t believe informal trading is better than formal trading.
Trade netcasting technique and you will never give a damn what the experts forecast about the market. Therefore, as the antithesis of forecasting, netcasting means trading without any forecast clue, signal or market trend awareness. You will always find things out for yourself in any 6 hours. This is your safest route to eliminating the risk of forex trading 100%. Be a netcaster and stop losing money in forex.
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Like you know already, the rules of Netcasting are not new, what is new is the way they are applied in the world of trading, that’s why you would hear the experts have one or two things to say that validate netcasting even without knowing about netcasting themselves, and so this proves that netcasting is correspondent, coherent and consistent with all trading strategy, yes because it is the most natural technique of trading.
In the following articles, you’ll hear what the favorite mentor of the post-netcast training Master class has taught concerning the rules of netcasting. Click the link below to read the details from Nial Fuller’s article titled “Make Your 2019 Forex Trading Resolution & Stick To It » Learn To Trade The Market”
This brings us to end of this class, if you wish to get more clarifications or ask questions, fill the contact form below.
You may want to return to the Learn It Group to talk about your netcasting experience after applying this technique to your trades from hence, to do so, click the group description below to view your dashboard and start posting your blog posts on netcasting technique to get other netcasters to comment on them, and also invite your friends to join the Learnt It group and start chatting with your friends and other netcasters in the Learn It Community, to your netcasting success.
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