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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

  • #101
  • Sep 23, 2018 4:21pm Sep 23, 2018 4:21pm
for some odd reason i am not able to upload the file directly to ff's server. So here i have attached a downlink https://files.fm/u/95phd9pw. Once 10 people have confirmed downloading it, then i will give you the settings and the objective of that file.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #102
  • Sep 23, 2018 4:26pm Sep 23, 2018 4:26pm
the odd reason you can't upload yet on FF is just because you still have a " new member " status , no worries
  • #103
  • Sep 23, 2018 4:32pm Sep 23, 2018 4:32pm
Quoting MXT
the odd reason you can't upload yet on FF is just because you still have a " new member " status , no worries
Thanks for theexplaination mxt. The fun thing is now that people are watching tbis thread, I am feeling a little more pressure to perform. If I am able to double this week once more then that would literally change my outlook on life. I might even drop out of college and focus solely on perfecting this system.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #104
  • Sep 23, 2018 4:41pm Sep 23, 2018 4:41pm
Quoting OddReality
for some odd reason i am not able to upload the file directly to ff's server. So here i have attached a downlink https://files.fm/u/95phd9pw. Once 10 people have confirmed downloading it, then i will give you the settings and the objective of that file.
No idea what that file is... can't open it.
  • #105
  • Sep 23, 2018 4:42pm Sep 23, 2018 4:42pm
Quoting OddReality
{quote} Thanks for theexplaination mxt. The fun thing is now that people are watching tbis thread, I am feeling a little more pressure to perform. If I am able to double this week once more then that would literally change my outlook on life. I might even drop out of college and focus solely on perfecting this system.
just focus on your own skills and you'll be performing even better under pressure

but never underestimate potential unforeseen bigger drawdowns no matter how successful you get
  • #106
  • Sep 23, 2018 4:43pm Sep 23, 2018 4:43pm
Quoting tradestar1
{quote} No idea what that file is... can't open it.
That is the file which goes in expert advisor folderof mt4
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #107
  • Sep 23, 2018 4:44pm Sep 23, 2018 4:44pm
Quoting MXT
{quote} just focus on your own skills and you'll be performing even better under pressure but never underestimate potential unforeseen bigger drawdowns no matter how successful you get
I sure hope so. I haveseriously not been able to lseep without thinking about charts this weekend.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #108
  • Edited 5:11pm Sep 23, 2018 4:50pm | Edited 5:11pm
Quoting OddReality
{quote} That is the file which goes in expert advisor folderof mt4
Well that explains that then..... I don't use meta trader..
  • #109
  • Edited 6:53am Sep 24, 2018 6:35am | Edited 6:53am
And there it busted exacly what i said he had too be careful way too big distance too SL lots like that 1.5-3 pips sl at most...You cant sit and watch 50 pips negative with 2.5 lots....Almost gave back everyting in a few ours..Sorry i tought it was 1 trade but it was 4 but still....Its 12.5 pips negative pr trade way too much....Just saying and have been saying,,,But people here "Its amusing folks here trying too learn you how too trade your system....I am very sorry for your loss my friend,but you will bounce back from this you have a good system soo keep at it...
Attached Images
You win some you loose some do both with peace of mind
  • #110
  • Edited 9:53am Sep 24, 2018 9:17am | Edited 9:53am
My condolences.......
Now get your head straight and exercise proper money management and get back on track.... And quit overtrading.
I'm still rootin for ya.
  • #111
  • Sep 24, 2018 11:42am Sep 24, 2018 11:42am
rip dude,

the good thing is you are able to take an expensive stop loss instead of receiving a margin call.

you need to print out a set of trading rules
read them each time before you start trading

never underestimate the market, never be overconfident

good luck bro
  • #112
  • Sep 24, 2018 12:30pm Sep 24, 2018 12:30pm
i have blown many 500 and 1000 dollar accounts more than i can count but never given back 1750 dollars at once in a few ours that sucks...Stay sharp my friend...
You win some you loose some do both with peace of mind
  • #113
  • Sep 24, 2018 12:33pm Sep 24, 2018 12:33pm
Quoting magne999
i have blown many 500 and 1000 dollar accounts more than i can count but never given back 1750 dollars at once in a few ours that sucks...Stay sharp my friend...
the irony of this is that he's doing better than your TE.

everybody giving him this "condolences" like his account fucking died or some shit..

relax people. i'm more impressed that he actually took out that 8 lot trade and saved his account. i've seen my fair share of fools letting go their account to hell on a bad setup.

so to Oddreality..keep going man. keep doing what makes sense to you. don't try to conform to this typical risk management rules.
  • #114
  • Sep 24, 2018 12:43pm Sep 24, 2018 12:43pm
Quoting hellandback
rip dude, the good thing is you are able to take an expensive stop loss instead of receiving a margin call. you need to print out a set of trading rules read them each time before you start trading never underestimate the market, never be overconfident good luck bro
clue me in please...
just why do you RIP this dude??

lets tally up the 15 days:
Funds

  1. Balance: $1,320.76
  2. Unrealized: na
  3. Equity: $1,320.76
  4. Deposits: $1,089.04
  5. Withdrawals: -$470.54
  6. Net Transfers: $618.50

his total deposit 618$ ( after the withdrawals). VS. his current equity 1320$
that is roughly double. well, +702$ to be precise.
yep. 15 days.

so, just remind me again, why RIP?

high reward carries high risk. i am sure everyone, OP included, is aware of that. it is then up to everyone else to trade/gamble as sees fit.
but such subjective, negative comments, and some outright rude like RIP, is anything but constructive.

there is always, always another trade!!
  • #115
  • Sep 24, 2018 12:49pm Sep 24, 2018 12:49pm
I am not saying i am any better i just feel sorry cutting account in half i will now stop trying too help ore comment:::i messed up today also:::
You win some you loose some do both with peace of mind
  • #116
  • Sep 24, 2018 12:53pm Sep 24, 2018 12:53pm
Quoting magne999
I am not saying i am any better i just feel sorry cutting account in half i will now stop trying too help ore comment:::i messed up today also:::
i take a 50% drawdown after 200% gain then 50% dd from the start..it's all about context...
  • #117
  • Sep 24, 2018 2:07pm Sep 24, 2018 2:07pm
hey OR , just keep going

you can recovery , trust your style and you'll be up again in 1 / 2 weeks

just wanted to note that aggressive trading brings aggressive drawdowns along , so you can keep your style but watch out for unforeseen big drawdowns like today
  • #119
  • Sep 24, 2018 2:27pm Sep 24, 2018 2:27pm
Quoting hellandback
Hidden
your comment only reflect on you.
have fun with yourself.

to borrow from o'leary: you are dead to me!
there is always, always another trade!!
  • #120
  • Sep 24, 2018 6:25pm Sep 24, 2018 6:25pm
Quoting hilmy83
{quote} i take a 50% drawdown after 200% gain then 50% dd from the start..it's all about context...
Unfortunately that 50% drawdown looked more like revenge than a planed trade.
I think OR can recoup but will have to stick to a plan and money management.
I'm still rootin for ya OR....
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