Disliked{quote} Assuming neither account is blown, the winner would be the best performer over a 12-month period.Ignored
You guys are doing a great job, i salute your courage! Trading is a difficult task and to see two guys put so much pressure on themselves by setting up trade explorers and inviting the world to watch is unbelievable. The side-talks, especially very negative comments by some posters is a source of additional pressure.
It's like two (classic) heavyweight champs having a go at each other. One will go down eventually but if both can go the distance i'd consider both winners. I wouldn't want a situation-like in a soccer match-where one is throwing the kitchen sink in order to equalize or get the winning goal at the 90th minute only to get sucker punched by the market.
In the course of 1yr or even 1 month, even a passive observer should be able to gain a thing or two from you two. The poster that was in doubt as to the identity of both traders went ahead to subscribe to both
that way he'll be getting full value for his (money)subscription.
Competition like this should be encouraged here in FF even though, initially, it seemed egoistic and a prick measuring contest, eventually it will lead to mutual respect and admiration if it goes well.
Again, both of you are courageous to say the least.
It's like two (classic) heavyweight champs having a go at each other. One will go down eventually but if both can go the distance i'd consider both winners. I wouldn't want a situation-like in a soccer match-where one is throwing the kitchen sink in order to equalize or get the winning goal at the 90th minute only to get sucker punched by the market.
In the course of 1yr or even 1 month, even a passive observer should be able to gain a thing or two from you two. The poster that was in doubt as to the identity of both traders went ahead to subscribe to both
that way he'll be getting full value for his (money)subscription.Competition like this should be encouraged here in FF even though, initially, it seemed egoistic and a prick measuring contest, eventually it will lead to mutual respect and admiration if it goes well.
Again, both of you are courageous to say the least.
- Joined Feb 2009 | Status: On Earth... | 1,011 Posts
{quote} Excellent! One year duration is definitely a true test/challenge. It takes at least 6-12 months of consistency before any sane investor would even consider funding a trader. Anyone who does not have that track record needs to be more cautious about proclaiming themselves a "profitable" trader...
Hey both of U GJ Scalper and Geppy, keep the good fight!
And, behold, with every hardship comes ease:
- Joined Sep 2007 | Status: Member | 6,871 Posts
{quote} There is no such people like sane investor! Soon they both will get their insane investor who throw 10 billion dollar account to trade, and soon after that they will will wipe out all the money.
check out my blog: forexmademillionaire dot com
- Joined Jan 2011 | Status: Member | 1,560 Posts
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- Joined Jan 2011 | Status: Member | 1,560 Posts
{quote} Very much correct, but not because of trading. My wife and I have a newborn son who is doing a fine job of keeping us up at all hours. So definitely around more now than usual because I'm also on paternity leave through the end of this week.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- Joined Sep 2007 | Status: Member | 6,871 Posts
{quote} God bless you all and especially the little trader junior
check out my blog: forexmademillionaire dot com
- | Joined Jan 2007 | Status: Member | 388 Posts
{quote} Sadly what is crazy to you means 0 to me
I still don't understand what you mean about your REAL r/r how will it become different from your expected 1:1 r/r.... by adding more positions? be more detailed please and use proper english lol
{Promotion Removed}
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} I think I'm going to bash my head against the wall if I have to tell one more person that I do NOT trade on MT4 and therefore do not have investor passwords.
Useful only for those who trade with the MT4 platform.
Masterrmind............
Master your Mind then Master your Trades
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Much appreciated, thank you!
Masterrmind............
Master your Mind then Master your Trades
- Joined Sep 2007 | Status: Member | 6,871 Posts
{quote} Nice turn around in your equity curve too ... now its headed in the right direction. Masterrmind............
check out my blog: forexmademillionaire dot com
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Thanks, but it's not something I really get wrapped up in on a day-to-day basis.
But certainly witnessing such a nice turnaround is very encouraging.
From a spectators point of view I think most of us would like to see a very close battle .... the reality might be different though!
Keep it going still a long way to go.
Masterrmind............
Master your Mind then Master your Trades
- | Membership Revoked | Joined May 2016 | 1,339 Posts
{quote} I still don't understand what you mean about your REAL r/r how will it become different from your expected 1:1 r/r.... by adding more positions? be more detailed please and use proper english lol
Now the EXPECTED r:r is what we see typically on websites when people refer to what their SL in pips is compared to TP in pips. So say a person is about to enter a GBP/JPY short. The R:R (RISK:REWARD) would be The amount of pips you are willing to give the market in DRAWDOWN : The amount of pips you are expecting to profit aka TP) Sl: TP So say your R:R (expected) is 1:1 that means you are risking 200 pips to earn 200 pips. In other words a 1:1 ratio.
Your REAL r:r would be the actual amount of pips you were in red BEFORE you close for profit or a loss. Using the same example above..... Say you short GBP/JPY and you hold for 3 hours. You then close the position for profit. The order actually hit your TP of 200 pips, but the first "R" of the R:R would be The amount of pips you were in red before you closed for profit or loss. So say you shorted, and the most amount of pips you were in red was 6 pips only to end up profiting 200 pips. Your REAL R:R would be 6:200 so if you simplified it (basic division) it would be 1 : 33 In other words... For every 1 pip you were in red AFTER entering the trade you earned 33 pips. That is an INSANE R:R
So clearly the REAL r:r is what matters as it shows the accuracy of your entry.
Myfxbook shows you the drawdown in pips along with the REAL R:R you see it says 1:12 lol It means thats if I made 12 pips on the trade, the highest amount in pips i was in red after entering was only 1 pip. Basically I got in at the perfect moment for that short. I hope you have a better understanding of the difference between EXPECTED and REAL R:R If you still don't get it, I would suggest you go to babypips and stay there until you understand the difference.
@GJscalper I've turned a new leaf. No more trolling.
- | Membership Revoked | Joined May 2016 | 1,339 Posts
hate hate hate hate hate hate hate. I swear that is how I feel about all the people asking stupid questions and having the nerve to critize me when they don't have a TE or even have basic knownledge of what drawdown in pips is. hate hate hate hate hate hate
@GJscalper I've turned a new leaf. No more trolling.