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I'm a noob and need advice on managing a losing trade 28 replies

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I let a Pro Noob trade my account

  • #1
  • First Post: Sep 12, 2018 3:44am Sep 12, 2018 3:44am
This thread was created with intent to show that 1% a day is possible. My intent is to avg 1% per day for 30 trading days without margin call or redeposit. Due to the fact that I am a student, this is also my entire "fun" account, which I would typically use to take a 1 week vacation during spring break. I have decided to risk it all and with proper management as many preach along with a pretty good algo should make the 1% avg over 30 trading days pretty easy. Thank you for having taken the time to read this, now it is time to work work work work work work.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #2
  • Sep 12, 2018 6:18am Sep 12, 2018 6:18am
Finally caught the qquick reversal order on EU. 20% profit and the first major spike in equity curve.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #3
  • Sep 12, 2018 7:45am Sep 12, 2018 7:45am
lol. nice thread

whichever account (the other "pro trading their account") has negative net transfer is the account i believe in..otherwise..it's just bla bla bla..
  • #4
  • Sep 13, 2018 2:36am Sep 13, 2018 2:36am
Quoting hilmy83
lol. nice thread whichever account (the other "pro trading their account") has negative net transfer is the account i believe in..otherwise..it's just bla bla bla..
Good morning Hilmy. How does one obtain negative net transfer? Thanks in advance.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #5
  • Sep 13, 2018 4:28am Sep 13, 2018 4:28am
Quoting OddReality
{quote} Good morning Hilmy. How does one obtain negative net transfer? Thanks in advance.
withdraw more then was deposited
there is always, always another trade!!
  • #6
  • Sep 13, 2018 4:37am Sep 13, 2018 4:37am
Quoting profitfarmer
{quote} withdraw more then was deposited
Thank you kindly for your response. I was totally confused by what was written. I hope to withdraw this weeks profit tomorrow if I am able to survive today's expected blood bath.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #7
  • Sep 14, 2018 4:46am Sep 14, 2018 4:46am
Yesterday, I was able to obatin 3 major spikes. A loss of 22%, gain of 55%, and a gain of over 11%. The gial has not changed but we have simply exceeded it.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #8
  • Sep 14, 2018 8:30am Sep 14, 2018 8:30am
LOL you are far from 1% a day now you are like 100% a week....I am impressed if you can keep this up but 3 lots are a little high on a 1100 account dont you think i agree 1-1.5 is okay with thight SL....I will surely follow you its nothing in the way of keeping this up if you only win more than you loose all the time....
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You win some you loose some do both with peace of mind
  • #9
  • Sep 14, 2018 8:48am Sep 14, 2018 8:48am
Quoting magne999
LOL you are far from 1% a day now you are like 100% a week....I am impressed if you can keep this up but 3 lots are a little high on a 1100 account dont you think i agree 1-1.5 is okay with thight SL....I will surely follow you its nothing in the way of keeping this up if you only win more than you loose all the time.... {image} {image}
Thank you for the support. Your picture has really made me laugh. Espcially that of Mr. T As for the 1% a day, typically I am placing only 1-2 scalps per day in which if the first order doesn't produce the 1% then then next order shall. Clearly, i am risking 1.5-2.5% per pip when the first order fails and i am honestly thinking about lowering the risk 35-65% as you recommended. The only thing is I suffer from anxiety awaiting my certain setup and if I wager small or not at all, it kind of messes up my mode. I would really like to have success in order to share my findings but I am aware that it will take time. Hope fully you will be around.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #10
  • Sep 14, 2018 9:07am Sep 14, 2018 9:07am
I would withdraw 25-50% of profits every week if you are going as hard as you are now that way you get some reward and grow account at the same time.... if you can makee some good profits and save up in the bank so if you should end up loosing big one day you have profit too redeposit....And if you take out all profit you can try and doo the same next week with markets money...Since you almost did doubble the account....But be a little careful soo you dont blow the account next week...I am on demo now too check consistency and i do 1% pr pip risk...
You win some you loose some do both with peace of mind
  • #11
  • Sep 14, 2018 9:36am Sep 14, 2018 9:36am
Quoting magne999
I would withdraw 25-50% of profits every week if you are going as hard as you are now that way you get some reward and grow account at the same time.... if you can makee some good profits and save up in the bank so if you should end up loosing big one day you have profit too redeposit....And if you take out all profit you can try and doo the same next week with markets money...Since you almost did doubble the account....But be a little careful soo you dont blow the account next week...I am on demo now too check consistency and i do 1% pr pip risk...
Excellent recommendation. I withdrew a smallamount earlier in the week and the broker returned the funds too my bank card in exactly 2 business days. Once this position is closed, i will,draw 250usd just to touch the profit. Your advice is very good money management as i have always lacked it.

Quoting magne999
I would withdraw 25-50% of profits every week if you are going as hard as you are now that way you get some reward and grow account at the same time.... if you can makee some good profits and save up in the bank so if you should end up loosing big one day you have profit too redeposit....And if you take out all profit you can try and doo the same next week with markets money...Since you almost did doubble the account....But be a little careful soo you dont blow the account next week...I am on demo now too check consistency and i do 1% pr pip risk...
Currently buying eu ..... Tp 1.16810
If th e price drops to 1.16560 on 1m and closes there or lower, then i will close the buy and reverse to the sell. Tp for sell is 9 pips from entry. Maybe you can follow on your demo.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #12
  • Sep 14, 2018 9:55am Sep 14, 2018 9:55am
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I am currently trading from teamviewer because i am away from home, but the buy working out excellently. almost up 1% within that trade.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #13
  • Sep 14, 2018 9:57am Sep 14, 2018 9:57am
I Have stopped for the day looked bad for you a while there but i guess you can get out now...
You win some you loose some do both with peace of mind
  • #14
  • Sep 14, 2018 9:59am Sep 14, 2018 9:59am
I just looked at the explorer and your lots are small but where down 10 pips as i could see atleast.....The price on my mt4 is 16638 now soo
You win some you loose some do both with peace of mind
  • #15
  • Sep 14, 2018 10:03am Sep 14, 2018 10:03am
The 50 EMA hold as support on the 1 min soo far atleast,,No there it broke...
You win some you loose some do both with peace of mind
  • #16
  • Sep 14, 2018 10:13am Sep 14, 2018 10:13am
Quoting magne999
I just looked at the explorer and your lots are small but where down 10 pips as i could see atleast.....The price on my mt4 is 16638 now soo
My orders are seperated into 2different lot sizes. Clearly the small always lead theway with that being the 1% order. If i lose the 1% order almo st 100%of the times the reverse order is the winner risking the same amount of pips.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #17
  • Sep 14, 2018 10:21am Sep 14, 2018 10:21am
Quoting OddReality
{quote} My orders are seperated into 2different lot sizes. Clearly the small always lead theway with that being the 1% order. If i lose the 1% order almo st 100%of the times the reverse order is the winner risking the same amount of pips.
So you always hedge the other way when say the buy fells trew you open a sell and get them right 100% of the time its that what you are saying???The shorttermtrend is down but it can turn...It didnt breake the 50 EMA too the upside yet...LOL and there it broke too the upside..
You win some you loose some do both with peace of mind
  • #18
  • Sep 14, 2018 11:32am Sep 14, 2018 11:32am
Quoting magne999
{quote} So you always hedge the other way when say the buy fells trew you open a sell and get them right 100% of the time its that what you are saying???The shorttermtrend is down but it can turn...It didnt breake the 50 EMA too the upside yet...LOL and there it broke too the upside..
I would consider it as martingale money management instead of hedging. We can see that EU reversed as expected but it was way to quick for me to pull the trigger.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #19
  • Sep 14, 2018 11:38am Sep 14, 2018 11:38am
Quoting OddReality
{quote} I would consider it as martingale money management instead of hedging. We can see that EU reversed as expected but it was way to quick for me to pull the trigger.
Yup i tought you got out at breake even when it went against ressistence so many times and then it fell trew totally too the downside then some considaliation and then it fell another 6-8 pips not easy too see that coming soo fast....
You win some you loose some do both with peace of mind
  • #20
  • Sep 14, 2018 11:41am Sep 14, 2018 11:41am
But you had a good week where not nessesery too loose thoose 70 bucks should have called it when you had thoose good selltrades earlier today....But done is done next week we start fresh...
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