Dislikedreal professional trader know what he doing.. he has rules ... not care public or private ...Ignored
@trader_umr
(binned per thread starter's request) Friendly Trading Competitio
- #184
- Oct 30, 2018 4:23am Oct 30, 2018 4:23am
In my opinion its a bit different. I dont like that 900 trades either but i think about it in a different way. Did you made money? YES ---> i dont care how you made it, you just made it. good job! NO ---> go back to practice and i hope you will succesfully improve your trading. In the end, the only thing matters is this simple question: Did you made profits or not?
By the way, although as I have shared earlier 900+ trades are result of over trading and bad trading. But still, for me 1 position is not 1 trade idea. My one trade (idea) can have multiple positions ... and this figure can seem inflated.
i think moneyzilla was using a cent account so it was actually no big deal for the loss. he'll be back soon.
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So in last 2.5 private trading days I made more than I made in over 3 weeks trading publicly.
I do feel I am much more ready to do trade publicly now, but let see if some one turns up
@trader_umr
- #185
- Oct 30, 2018 7:26am Oct 30, 2018 7:26am
You said here (https://www.forexfactory.com/showthread.php?p=11594760#post11594760) the 900+ trades are manual. If that's true then I would say you were over-trading and also under-sleeping.
So no under-sleeping. But yea, I am first to accept I do over trade.
But when you make 100s of basis points on a good day despite that ... over trading just become a fault you need to work on.... not a game stopper.
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P.S: After tomorrow, I will take a break from this forum. And may be try another one.
@trader_umr
- #186
- Oct 30, 2018 7:33am Oct 30, 2018 7:33am
So then you are a wizard since you are manual trading, clicking on New Order 900+ times.
Today actually I traded 67 times.
@trader_umr
- #189
- Oct 30, 2018 7:54am Oct 30, 2018 7:54am
{quote} This is not really an issue. Like you said, it is just clicking a button. Today actually I traded 67 times. {image}
Make it 77 for today resulting in +5.4%.
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"Hi, My name is traderumr and I am an overtrader who makes money."
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Done for the day. See ya guys later.
@trader_umr
- #193
- Oct 30, 2018 3:33pm Oct 30, 2018 3:33pm
Well thanks for that magne999. Right now the difference between the live and the demo is, I use a very small takeprofit on the live to be conservative whereas on the demo I'm letting the trades run with no takeprofit.
But from what I'm seeing, there's an advantage to not using a takeprofit and just letting the equity run until about 18:00 GMT+3. Because from what I'm seeing, 17:55 to 18:00 GMT+3 seems to give the highest net cumulative equity of all the pairs traded that day intraday.
So I'll demo the noTP until that one is 100% and then I'll start doing the same on the live. And of course if all goes well, I'll start compounding at every $500 at first, and then at every $1000.
Same trades on the live (TP):
Same trades on the demo (noTP):
But from what I'm seeing, there's an advantage to not using a takeprofit and just letting the equity run until about 18:00 GMT+3. Because from what I'm seeing, 17:55 to 18:00 GMT+3 seems to give the highest net cumulative equity of all the pairs traded that day intraday.
So I'll demo the noTP until that one is 100% and then I'll start doing the same on the live. And of course if all goes well, I'll start compounding at every $500 at first, and then at every $1000.
Same trades on the live (TP):
Same trades on the demo (noTP):
- #197
- Edited 9:23pm Oct 30, 2018 9:00pm | Edited 9:23pm
Today will be last day on FF for a while ... (if no one shows up for the competition) Let's go. AU CPI coming up. Get ready everyone.
Still happy to be up.
@trader_umr
- #199
- Oct 31, 2018 6:31am Oct 31, 2018 6:31am
At time of writing this ... I have made exactly 20% in last one month.
Honestly, a lot less than I expected given how aggressive I tried to be.
This competition was a self improvement exercise. And I think on public trading front, I came out stronger than I went in.
But now it is time to say good bye (for now) as I have been unable to secure any new competitor with 1000 minimum balance
And would also like to return to my main accounts with higher funds.
Until next time, take care you all.
(I am still semi-active on twitter if you care to keep in touch: https://twitter.com/trader_umr)
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Equity Charts for past one month:
Honestly, a lot less than I expected given how aggressive I tried to be.
This competition was a self improvement exercise. And I think on public trading front, I came out stronger than I went in.
But now it is time to say good bye (for now) as I have been unable to secure any new competitor with 1000 minimum balance
And would also like to return to my main accounts with higher funds.
Until next time, take care you all.
(I am still semi-active on twitter if you care to keep in touch: https://twitter.com/trader_umr)
___________
Equity Charts for past one month:
@trader_umr