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  • #161
  • Oct 27, 2018 3:11am Oct 27, 2018 3:11am
Quoting kosmo
{quote} Sounds more like a failure to understand... but hey, who cares, right! LOL
That's right. Who cares like been perfect, we're small pikers, not big "investors"
The idea is very simple actually... you don't need accurate terminology, ...never mind.
Cheers
Member
  • #162
  • Oct 27, 2018 3:17am Oct 27, 2018 3:17am
All this time and I never knew where that 1st part of the song was from. As you mentioned, the 1st part of the song is exactly from here:
https://www.youtube.com/watch?v=452XjnaHr1A
  • #163
  • Oct 27, 2018 3:17am Oct 27, 2018 3:17am
Quoting TudorIoan
{quote} That's right. Who cares like been perfect, we're small pikers, not big "investors" The idea is very simple actually... you don't need accurate terminology, ...never mind. Cheers
Right...almost makes you long for the times when telepathy is commonplace. Until then though, we all have to make do with mere irony...
mind over matter
  • #164
  • Oct 27, 2018 6:37am Oct 27, 2018 6:37am
Quoting barloc
{quote} I would argue that account size is the most important factor next to % return when comparing trade explorers. One can make huge % returns on pocket money but once it grows it gets really hard to maintain the same growth rate, $50 and $10k are completely different leagues and should be compared to similar sized accounts.
I agree that trading larger funds is harder than trading or multiplying smaller funds. You cannot replace 500K as easily as 500 dollars.

Quoting TudorIoan
{quote} Great idea this thread! Real trade, real money, real challange! No bulshit! A little exclusivist by rules, but that's alright Just my opinion, money or pips doesn't really count: - pips doesn't count - you can make +20 pips a day, which could mean 2K or $2 as well; - money doesn't count - you can make $20 a week, out of $50 account (means +40%) ...or $200 out of 10K account (means only +2%) Who's ya daddy? The one with $20 a week or the one with $200 a week ?! The point is, the money or pips doesn't really count in...
Yep, so that is what is roughly happening here. 100% profit is the target with a minimum starting capital. Doesn't matter the # of pips or number of trades.

And if you are also wearing Nike Air Huarache, then we just became friends
https://www.nike.com/au/t/air-huarache-shoe-knT0okl4
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Quoting spotrate
Any idiot with almost any strategy can make significant profits if they have a $50000 account.
Mate, millions of people will retire if trading larger size was so easy. Infact CTAs who are supposedly professional traders don't even make enough returns on few hundred thousands account per year to survive. I have my doubt if most new traders can do it easily.

Best of luck with your account, I hope you multiply it by 10 by automated strategy you got. I am VERY interested in how it turns out by January.
@trader_umr
  • #165
  • Oct 27, 2018 8:04am Oct 27, 2018 8:04am
WOW moneyzilla has blown hes account just 2 weeks ago it was up too 21000 that hurts...
You win some you loose some do both with peace of mind
  • #166
  • Oct 27, 2018 8:15am Oct 27, 2018 8:15am
Quoting magne999
WOW moneyzilla has blown hes account just 2 weeks ago it was up too 21000 that hurts...
Yea, looks like he got hit by the margin call at this spike.

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@trader_umr
  • #167
  • Oct 27, 2018 8:32am Oct 27, 2018 8:32am
Thats a half year sallery in western europe in guinea ore wherever his from i guess its years of sallery if its not just a joke and hes from Canada ore someting...LOL...I really feel for him i have lost more than that in total of all thoose years i have trying too concer this buisness but nothing like this in 2 weeks only small accounts 2 ore 3 times a month its not that bad when you divide it over years and i have never deposited money i couldnt afford too loose,but 21000 even some of it where profits hurts...Hope he have enough capital too raise again...
You win some you loose some do both with peace of mind
  • #168
  • Oct 27, 2018 8:34am Oct 27, 2018 8:34am
Quoting traderumr
{quote} Yea, looks like he got hit by the margin call at this spike. {image}
I dont think there where a margicall because then he would be out with 40-50% left of account he have 300 dollars left soo i dont think hes broker knows what margincall is...Atleast thoose times i have been margincalled its been slithly over 50% gone..
You win some you loose some do both with peace of mind
  • #169
  • Oct 27, 2018 8:41am Oct 27, 2018 8:41am
Yea, pretty heavy loss.

If any trader uses averaging, then it is must to except loss at some point on a losing position.

Normally having maximum hold time limit like end of day or 1-2 days is a good start.

He got stuck in strong bull trend when S&P started falling and just couldn't take losses or flip his position.

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@trader_umr
  • #170
  • Oct 27, 2018 11:38am Oct 27, 2018 11:38am
Yeah but CTAs or other so called professionals don't even come close to retail traders when it comes to skill level. Professional traders have large capital. Sure they make a lot of money but again, that's because you're looking at their dollar amount profit instead of their % amount profit.

One reason for why they don't make enough returns may be that people who have always had large accounts have never had to figure out how to make their strategy as precise as possible, as surgical as possible, or "high probability." But when all you actually have is a very tiny amount of capital, it forces you to develop with as much "high probability" as possible. Another reason may be that they're probably restricted to doing mostly simple things, using trend lines, etc. They've never had to figure out how to overcome many of the issues that retail traders have to overcome when it comes to having advanced access to tools and information.

Since you're interested in how it turns out by January, let me describe more. I have two accounts set up, one is live and one is demo. The parameters are the same on both accounts with the exception of the lot sizes, on the live account it's 10 cents per pip for $500, on the demo account it's 1 dollar per pip on a 10K I dream about. The only other difference is, on the live I'm being conservative by exiting the trades with a take profit, while on the demo, I'm not exiting at all until around 18:00 GMT+3. It's too early to tell but it's possible that the demo method of exiting will be better. The 30% on the 1st day with that method of exiting is encouraging.
  • #171
  • Oct 27, 2018 11:49am Oct 27, 2018 11:49am
Quoting spotrate
Yeah but CTAs or other so called professionals don't even come close to retail traders when it comes to skill level. Professional traders have large capital. Sure they make a lot of money but again, that's because you're looking at their dollar amount profit instead of their % amount profit. One reason for why they don't make enough returns may be that people who have always had large accounts have never had to figure out how to make their strategy as precise as possible, as surgical as possible, or "high probability." But when all you actually...
You made 3000 pips in 1 day that is pretty amazing if you ask me even for 3 months thats amazing.....
You win some you loose some do both with peace of mind
  • #172
  • Oct 27, 2018 11:54am Oct 27, 2018 11:54am
It's the same entries on both the live and demo but on the demo, I'm letting the trades run all day. The trading is intraday so if the same results continue like that each day for a couple of weeks, I'll be very encouraged to do away with the take profit and just trail the cumulative equity.
  • #173
  • Oct 27, 2018 7:42pm Oct 27, 2018 7:42pm
Quoting spotrate
Yeah but CTAs or other so called professionals don't even come close to retail traders when it comes to skill level. Professional traders have large capital. Sure they make a lot of money but again, that's because you're looking at their dollar amount profit instead of their % amount profit. One reason for why they don't make enough returns may be that people who have always had large accounts have never had to figure out how to make their strategy as precise as possible, as surgical as possible, or "high probability." But when all you actually...
Mate, you are just too young in this game and I hope in life as well (so that you have time to bounce back).

I hope you learn without facing any loss which put you off trading totally.

Yes! let's discuss this once again in 2-3 months. Best of luck!
@trader_umr
  • #174
  • Oct 29, 2018 6:59am Oct 29, 2018 6:59am
Moved back to ctrader. Much more suited for my kind of trading.
I think trying to do two things i.e. moving to MT4 and participating in competition, this might have been too much change at once.

So ... who is ready for ROUND 2?
@trader_umr
  • #175
  • Oct 29, 2018 7:33am Oct 29, 2018 7:33am
Done for the day.

+5.3% for last 2 (private) trading days.

Private trading is just so much stress free than public trading.

I am just waiting and picking the easy ones.

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@trader_umr
  • #176
  • Oct 29, 2018 7:44am Oct 29, 2018 7:44am
Quoting traderumr
Done for the day. +5.3% for last 2 (private) trading days. Private trading is just so much stress free than public trading. I am just waiting and picking the easy ones. {image}
Care to explain why "private" trading is stress free?
  • #177
  • Oct 29, 2018 7:48am Oct 29, 2018 7:48am
Quoting carddard
{quote} Care to explain why "private" trading is stress free?
I guess it is like it is easy to give a speech in your head than on stage.
@trader_umr
  • #178
  • Oct 29, 2018 10:47am Oct 29, 2018 10:47am
Quoting traderumr
Done for the day. +5.3% for last 2 (private) trading days. Private trading is just so much stress free than public trading. I am just waiting and picking the easy ones. {image}
Nice scalping
You win some you loose some do both with peace of mind
  • #179
  • Oct 29, 2018 7:04pm Oct 29, 2018 7:04pm
I guess I will try to find someone on any other forum (with generally higher equity traders) if in next 2 days no one turns up. :/
@trader_umr
  • #180
  • Oct 29, 2018 11:39pm Oct 29, 2018 11:39pm
Surprised how people very weird this days.. they just hold drums and keep clapping to bad traders... but what i really love about that market ... in the end market slap selfish traders.... one like Godzilla or moneyzilla just gambler and to me he deserve his lost... and other one 900 trades for what?? And excuse like trade public not easy.. it's silly excuse.. real professional trader know what he doing.. he has rules ... not care public or private ... but it's normal to see bad traders and gamblers but i surprised how others just keep clapping for them... in long time i spent in this forum .. i saw really good traders that tried to help here but unfortunately no one appericiated them and get insulted and in the end they left here .. while topic like that .. and bad traders just get all appreciate and clapping.. no surprise there is a lot beginners losing money at the end...
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