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Making your own bank!

  • #21
  • Edited 6:23am Sep 9, 2017 6:10am | Edited 6:23am
Quoting jdieieh
{quote} HE GOT EXACTLY YOUR POINT... he knows more then you in this subject, I can assure you. I run system like this 24/7 for last 7 months, non stop, a robot. Guess what? It works. It runs through all NFPs. It run through Korea. It run through Trump's comments. It run through Brexit ripples. And every single spike, trend and range on usdjpy for last 7 months you can find on 5 minutes charts. Every single week was a winner. I designed it to withstand 13 losses in a row. So far it encountered 10 losses in row max and usually it is 5-7. It works...
Do you know the function to withdraw money from your account? Do you never touch profits and take it home?
I have a clear daily target and my account is avaible to give me most of the time what i want. I transfer all i do not need to get my target, to my bank. I use high risk, because why not make profits to work with the margin level that your broker is giving us? Have i trouble to blow an account? I must say no, because i take profits off from account!
This is less stressful for me and i must not protect all my money on a broker account.

One more hint: Make it sense to take profits from trading to more seriously invstments to get a little more from it (yes often that are not so high as trading)?
If you then really need a startover you can take the profits from these investments.

I give not a cent to the most things that are told in this trading univerum, because if you think about it, it is clear desinformation.
Perfection is the enemy of good enough!
  • #22
  • Sep 9, 2017 6:20am Sep 9, 2017 6:20am
Quoting MichaelSch
{quote} Do you know the function to withdraw money from your account?
Do you understand numbers? Do you think with this approach your withdraws matter at all?

Do some calculations or simulations and see by yourself how much withdrawals will matter when you reach 9th loss. Dont be lazy. I am not going to do it for you.
  • #23
  • Sep 9, 2017 6:23am Sep 9, 2017 6:23am
been lurking this forum for a long time, nice to see that it's still a dumpster fire
  • #24
  • Sep 9, 2017 6:31am Sep 9, 2017 6:31am
Quoting saussichesu
been lurking this forum for a long time, nice to see that it's still a dumpster fire
I would calling speculators' Golgotha

A dump place outside ancient Jerusalem where garbage was on constant fire due to hygienically reasons
  • #25
  • Sep 9, 2017 6:34am Sep 9, 2017 6:34am
Quoting jdieieh
{quote} Do you understand numbers? Do you think with this approach your withdraws matter at all? Do some calculations or simulations and see by yourself how much withdrawals will matter when you reach 9th loss. Dont be lazy. I am not going to do it for you.
I take profits from my intial account size after reaching x%. After that i have again the same size before the start. If going bad, i loose my account. I reinvest agin from the profits i have transfered to my bank, BUT never again take all profits back to trading. So you can see i have profits in the end, right?

Do a little mor homework at this point and you get it!

Last hint: If you have such a opinion, why you trading, for what? If you never stand behind this, you will have a tough way to profit from it. At that point it will better to stay away and make money with other things.
Perfection is the enemy of good enough!
  • #26
  • Sep 9, 2017 6:38am Sep 9, 2017 6:38am
Quoting MichaelSch
{quote} I take profits from my intial account size after reaching x%. After that i have again the same size before the start. If going bad, i loose my account. I reinvest agin from the profits i have transfered to my bank, BUT never again take all profits back to trading. So you can see i have profits in the end, right? Do a little mor homework at this point and you get it!
I already did my homework, if you bother to read my previous post. Unfortunatetly people these days have very short attention span.

Would you mind you run numbers for this system for first 6 months assuming that at the very first day of 7th month you make 9 losses in the row? Can you present here your calculation in a short format. You like "months 1: profit 2,500, withdraw 1250, opening balance for next month 101,250" ect ect?
  • #27
  • Sep 9, 2017 6:50am Sep 9, 2017 6:50am
Quoting jdieieh
{quote} I already did my homework, if you bother to read my previous post. Unfortunatetly people these days have very short attention span. Would you mind you run numbers for this system for first 6 months assuming that at the very first day of 7th month you make 9 losses in the row? Can you present here your calculation in a short format. You like "months 1: profit 2,500, withdraw 1250, opening balance for next month 101,250" ect ect?
You know that trading is high risk? For you: I have my intial account make three times, before i take off all investment i have done and a little more from the profit. At that point i have no real loss anymore. Now i going to make that as discribed earlier.
Perfection is the enemy of good enough!
  • #28
  • Sep 9, 2017 6:55am Sep 9, 2017 6:55am
Quoting MichaelSch
{quote} You know that trading is high risk? For you: I have my intial account make three times, before i take off all investment i have done and a little more from the profit. At that point i have no real loss anymore. Now i going to make that as discribed earlier.
It does not matter what I think.

You make an assertion that this system will work for you because you will make some withdraws. I asked you to run ONE simple mental simulation to test how your withdraws will affect profitability of this system after 6 months of profit and stroke of 9 looses in a row at the end of that period.

What is so hard to understand or why is it so difficult to do for you?

Unless you are able to run that ONE simulation (or even better one thousand of similar simulations) your assertion remains just a talk about shape of clouds.
  • #29
  • Sep 9, 2017 7:01am Sep 9, 2017 7:01am
Quoting zentrader8
{quote} you didnt get the point, its not even about spread or comission.. this method is not about losing and winning. its about betting on the both side, betting that you will losing, and winning, but you will keep earning. Example: even the first account you lose on first day,the second day, if it win.then it will gain 0.3%, means its 0.1% on each day. THe second account if it win on the first day, it lose on the second, and it win on the third day,then you will gain 0.6%, it means it will gain 0.3% also on the third day. If it lose, continue,...
Of course it is all about commission. A edgeless system is drained by commissions. Do you at least realize that, if you had no commission, at the last of your 8 attempts you will be leveraged 339:1 ?
(You'll be risking 33.9% of what remains in your account)
No greed. No fear. Just maths.
  • #30
  • Sep 9, 2017 7:15am Sep 9, 2017 7:15am
For believers of this system, here is my quite appropriate comment:

Inserted Video
  • #31
  • Sep 9, 2017 7:17am Sep 9, 2017 7:17am
Quoting jdieieh
{quote} It does not matter what I think. You make an assertion that this system will work for you because you will make some withdraws. I asked you to run ONE simple mental simulation to test how your withdraws will affect profitability of this system after 6 months of profit and stroke of 9 looses in a row at the end of that period. What is so hard to understand or why is it so difficult to do for you? Unless you are able to run that ONE simulation (or even better one thousand of similar simulations) your assertion remains just a talk about shape...

Simulate this: If you managed to get a little more as you intial account size and take after that all you invested back to bank, you have profits if you work with the rest.
It can work as the starter has discribed. I make this also happen with martingale and i know that can work.

This is often people want make fast many money and think trading can go all the time right. So they lost intial account after they have in the past make profits, but greedy to take back what was giving to the market.
Perfection is the enemy of good enough!
  • #32
  • Sep 9, 2017 10:31am Sep 9, 2017 10:31am
its nice that everyone get a point here.
every side got its logical think, and reason behind it.
There is no right or wrong, i appreciate everyone.

its just only a probabality.
this method, in the end may lose as others said . But so as the others method.
The different is this method, i focus on imperfection.
and others method is focusing on perfection.
the others using analysis to take the trade.
i do not use analysis to take the trade.
Others need perfect timing,
i need not perfect timing.
If you use a trading system, then it can works well. until sometimes it stop working.
Because you are trying to be perfect.
Like if you trying all your best to work everyday,
One day you will feel exhausted, and tired. and want to stay at home just doing nothing.
But this is without method, you must let go of all the concept to understand the concept.
I maybe can open a trade today at london open, then tomorrow maybe i can open a trade on new york open.
and the next day, tokyo open.Its up to me, and the results, the more random it is the better.

THe more imperfect i am, the more perfect this method.Because im betting for the both sides.
The others try to beat the market, i am just being in the market.
There is a difference.
Maybe not everyone will understand. But someone may will.

im not hoping everyone can understand my point of view.
Im not saying im 100% right,
and im not saying youre 100% wrong.
We all have our own logic in our mind.
It is what it is.
  • #33
  • Sep 9, 2017 10:42am Sep 9, 2017 10:42am
Everyone that ever try trading demo accounts know that in demo, that is easier to win than the real account.
In demo, someone easily get money,
in real , someone easily lose money.
There are many factor causing it, one of it, is the pscyhology factor.
Its the mind matter.

In demo, you are not chasing,
In real you are chasing profit.
In demo you are just being,doesnt care a thing.
in real you are looking, always caring about things.
Trying to be, and being.
It is different.
Try to look, and you are not being.
Being and you will not try to look.
Trying to chase something, thinking, using a strategy, and you will making a form and be the form.
Try to do nothing, and you will be formless.
Be like water, formless.
Nothing but a thing,
then nothing is predictable.
  • #34
  • Sep 9, 2017 11:01am Sep 9, 2017 11:01am
Have you tried this method with a real account ?
  • #35
  • Sep 9, 2017 12:23pm Sep 9, 2017 12:23pm
Quoting madscalp
Have you tried this method with a real account ?
you mean two real accounts!
  • #36
  • Sep 9, 2017 12:50pm Sep 9, 2017 12:50pm
of course
  • #37
  • Sep 9, 2017 12:56pm Sep 9, 2017 12:56pm
Quoting zentrader8
Everyone that ever try trading demo accounts know that in demo, that is easier to win than the real account. In demo, someone easily get money, in real , someone easily lose money. There are many factor causing it, one of it, is the pscyhology factor. Its the mind matter. In demo, you are not chasing, In real you are chasing profit. In demo you are just being,doesnt care a thing. in real you are looking, always caring about things. Trying to be, and being. It is different. Try to look, and you are not being. Being and you will not try to look. Trying...
In demo you are not part of the market, nobody sees your TP and SL orders
In real you are part of the market, everybody sees your TP and SL orders, and some will act on that information.
Persistence will get it. Consistency will keep it.
  • #38
  • Sep 9, 2017 1:07pm Sep 9, 2017 1:07pm
At the end you lose.
Try it.
Holy Grail - Patience and Acceptance
  • #39
  • Sep 9, 2017 2:12pm Sep 9, 2017 2:12pm
Wot if u loose the trade with 0.3 lots ??? in this case u have to be more clear on how to analyse and choose the high probability trade.. buy side or sell side.. its better to scalp with 10 pip sl n 12 pip TP by using candlestick pattern after the London session closing (more safer)
Little Drops of Water Make the Mighty Ocean !!!
  • #40
  • Sep 9, 2017 3:38pm Sep 9, 2017 3:38pm
It's as others have said, if you post a live TE with results you will silence your detractors.

I now believe there is no point in introducing systems on FF without one.

If not, I side with PipMeUp. Do you think this idea is original and has never been tried?
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