Too much to write in one post so I will make a split.
Playground
Around 5xx% was the max I arrive and after I start loosing. No mm involved, loosing money is not fun, even if it is free money it is still my money ... I will do better other time ... and it will be another time! Free money? In the day I started the Playground I also made a trade in the account where I made the deposit for the Playground (from where to transfer the daily licence for the game). That trade was so profitable that covered the 1st transfer and extras, this is why there are two deposit in this account on the 1st day.
Anyway, enough bla bla, now I go to what I think is important to note.
Damn you EURCHF! Somehow it found my Playground area and decided to rent it for more than a day ... not a real problem with that, but when it left it let a lot of mess behind! And after that the other visitors had almost the same behavior. .. but what to expect after all that first mess?! Will clean the place!
Leverage 1:100. Trade mostly all in. New money available? keep on adding! Go out with the profit! Repeat! It worked nicely up to a 5xx% ... yes, bcs I had great trades! but not the eurchf one.
What did I do wrong?
The position was fine where it was but the way I build that position was totally wrong, not efficient for an 'all in' approach.
Let's say there is 1 lot available for one price entry, no grid or other things, one single entry. My trade was wrong because I placed all the volume, 1 lot, in a single trade instead of 10 of 0.1 or 100 of 0.01. When the margin call arrived, it closed the trade, I wasn't there, no follow-up on it. It's true, it let 50% of capital available but this is not really good. If I would have had 100 trades of 0.01 then only some of them would have been closed and the remaining ones would have turned in profit. In worse case scenario it would have lost all ... but this is an all in after all.
I use the web platform, not so pleasant to do it as described ... This morning I looked at the position to see how I made it, one or two trades... Believe it or not, I saw the future before it happened, as it happened later in the day.
Playground or responsible trading?
Looking at the account capital most traders will definitely say it NO! Really? why my <10k$ capital is considered a gambling account?
Let's say responsible trading account is at 10k+ ... how do you trade? when you close your trades? 2% dd? 5% dd? 10 20 ... this is to say when you are at 200$/... loss you close the trade? ... it's like the all in approach I just described above, no? so, who's the gambler? ... what? still my account because is not painting 10$k+?
How do you do the stop out? EA? SL? Manual? ... is it the most efficient one? ... those crazy spikes or swans or ...
Wouldn't be better to have an account with 200$ and in worse case scenario, loose all, is the best case scenario? ... of course, choose a broker with a negative balance protection!!! sadly, mine aren't ...
Not really affected or hit somehow by this views, it's more to cut some big accounts wings, and make tiny accounts not a gambling one. Of course, it depends on the trades, history consolidates the style.
Where I was? aaa, the picture ... and since I'm commercial, 100$ for the real signature on the paining. That's right, you want the pain to be signed? print it out, send it to me, pm for the address, I will sign it for a fee. A little more $ for a personalized solution where I do it all ...
Playground
Around 5xx% was the max I arrive and after I start loosing. No mm involved, loosing money is not fun, even if it is free money it is still my money ... I will do better other time ... and it will be another time! Free money? In the day I started the Playground I also made a trade in the account where I made the deposit for the Playground (from where to transfer the daily licence for the game). That trade was so profitable that covered the 1st transfer and extras, this is why there are two deposit in this account on the 1st day.
Anyway, enough bla bla, now I go to what I think is important to note.
Damn you EURCHF! Somehow it found my Playground area and decided to rent it for more than a day ... not a real problem with that, but when it left it let a lot of mess behind! And after that the other visitors had almost the same behavior. .. but what to expect after all that first mess?! Will clean the place!
Leverage 1:100. Trade mostly all in. New money available? keep on adding! Go out with the profit! Repeat! It worked nicely up to a 5xx% ... yes, bcs I had great trades! but not the eurchf one.
What did I do wrong?
The position was fine where it was but the way I build that position was totally wrong, not efficient for an 'all in' approach.
Let's say there is 1 lot available for one price entry, no grid or other things, one single entry. My trade was wrong because I placed all the volume, 1 lot, in a single trade instead of 10 of 0.1 or 100 of 0.01. When the margin call arrived, it closed the trade, I wasn't there, no follow-up on it. It's true, it let 50% of capital available but this is not really good. If I would have had 100 trades of 0.01 then only some of them would have been closed and the remaining ones would have turned in profit. In worse case scenario it would have lost all ... but this is an all in after all.
I use the web platform, not so pleasant to do it as described ... This morning I looked at the position to see how I made it, one or two trades... Believe it or not, I saw the future before it happened, as it happened later in the day.
Playground or responsible trading?
Looking at the account capital most traders will definitely say it NO! Really? why my <10k$ capital is considered a gambling account?
Let's say responsible trading account is at 10k+ ... how do you trade? when you close your trades? 2% dd? 5% dd? 10 20 ... this is to say when you are at 200$/... loss you close the trade? ... it's like the all in approach I just described above, no? so, who's the gambler? ... what? still my account because is not painting 10$k+?
How do you do the stop out? EA? SL? Manual? ... is it the most efficient one? ... those crazy spikes or swans or ...
Wouldn't be better to have an account with 200$ and in worse case scenario, loose all, is the best case scenario? ... of course, choose a broker with a negative balance protection!!! sadly, mine aren't ...
Not really affected or hit somehow by this views, it's more to cut some big accounts wings, and make tiny accounts not a gambling one. Of course, it depends on the trades, history consolidates the style.
Where I was? aaa, the picture ... and since I'm commercial, 100$ for the real signature on the paining. That's right, you want the pain to be signed? print it out, send it to me, pm for the address, I will sign it for a fee. A little more $ for a personalized solution where I do it all ...