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  • #1,183,661
  • Sep 10, 2020 7:10pm Sep 10, 2020 7:10pm
Account size is usually considered private, but a general idea is helpful so you know where the person is in their trading journey. Trading with $2500 is easy, doesn't matter if you lose it, so there is no pressure. Trading with $25,000 is more significant, you will feel it if you blow the account. Trading with $250,000 or more where if you mess up your kids don't go to college and your wife divorces you is the real test. Fyi I'm a six figure trader, but I try to make very reasonable rates of return, you guys probably make in a day in percentage terms what I try to make in a month or a quarter lol.
  • #1,183,662
  • Sep 10, 2020 7:13pm Sep 10, 2020 7:13pm
I am expecting price to reach 1.18400ish. From there, we will see. Price is still bullish so I expect a push further up, but we will see. One step at a time.
  • #1,183,663
  • Sep 10, 2020 7:16pm Sep 10, 2020 7:16pm
Quoting 6EforMe
Account size is usually considered private, but a general idea is helpful so you know where the person is in their trading journey. Trading with $2500 is easy, doesn't matter if you lose it, so there is no pressure. Trading with $25,000 is more significant, you will feel it if you blow the account. Trading with $250,000 or more where if you mess up your kids don't go to college and your wife divorces you is the real test. Fyi I'm a six figure trader, but I try to make very reasonable rates of return, you guys probably make in a day in percentage...
all three could have a risk apatite making there account size kind of irrelevant....meaning they may only risk $500 per trade even if the account is 2,500 25,000 or 250,000

EDIT: I think winning percentage and Risk Reward are more important than account size....look for someone who wins often and the amounts they win are several times greater than the amount they risk.....so traders should share they limit and stops along with the entries and from there you can gather information that will let know if that trader is someone you can learn from If they don't share ask. I dont count BEs as wins and if I move a SL to stay in it I made a bad call but cant track that in my data to determine those errors but typically a trader should stick to his SLs
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  • #1,183,664
  • Sep 10, 2020 7:17pm Sep 10, 2020 7:17pm
Quoting MrBullBear
{quote} What will I learn doing that? Will it increase my winning rate? Will it help multiply my account faster? Will it improve your skills if we do that?
it is not so much about what you will learn, but instead it is about what i would learn.
  • #1,183,665
  • Sep 10, 2020 7:20pm Sep 10, 2020 7:20pm
Quoting mistaouting
{quote} all three could have a risk apatite making there account size kind of irrelevant....meaning the guy with the based on that the may only risk $500 per trade even if the account id 2,500 25,000 or 250,000
Assuming we are talking about humans making decisions, there is a big difference between risking 500 out of 2500, vs 500 out of 250000. The psychology is completely different. i guess my point is, feeling good about doubling a 5000 account is nice, but try doing the same thing with 500,000 and see if you trade the same.
  • #1,183,666
  • Sep 10, 2020 7:27pm Sep 10, 2020 7:27pm
Quoting tradecode
{quote} it is not so much about what you will learn, but instead it is about what i would learn.
Again, what would you learn if we do that?
Only an idiot knows with certainty to where the market is going.
  • #1,183,667
  • Sep 10, 2020 7:28pm Sep 10, 2020 7:28pm
Quoting MrBullBear
{quote} What will I learn doing that? Will it increase my winning rate? Will it help multiply my account faster? Will it improve your skills if we do that?

at least if you do that, people who are learning will be able to determine if you are worth following. what's to stop you only posting your winning after the fact trades. very few people are calling trades as they click. so if you aren't interested in showing results, then you must only be here to boost your own ego.
  • #1,183,668
  • Sep 10, 2020 7:32pm Sep 10, 2020 7:32pm
Quoting 6EforMe
{quote} Assuming we are talking about humans making decisions, there is a big difference between risking 500 out of 2500, vs 500 out of 250000. The psychology is completely different. i guess my point is, feeling good about doubling a 5000 account is nice, but try doing the same thing with 500,000 and see if you trade the same.
That's a matter of opinion and perspective...because the trader with the 250,000 could have got to that account balance because he risk 500 on a trade as if his life depended on it same for guy with 2500 account so size could be irrelevant ...she a matter of opinion and perspective

But my point was to your statement that account balance isn't as important as that persons risk apatite...they all could treat that 500 risk as life or death...im saying that just because you have a 250,000 account doesn't mean you risk more you could but doesn't mean you do.
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  • #1,183,669
  • Sep 10, 2020 7:33pm Sep 10, 2020 7:33pm
Quoting MrBullBear
{quote} Again, what would you learn if we do that?
if you dont want to show the end result of your trades, that is your privilege.

many people say that they dont want to show their account balance, etc, but this is a way to show the end result of your trades without showing your personal financial information.

with all respect, it would separate the bullshitters from the real players, then i would know better who to pay attention to and learn from.
  • #1,183,670
  • Sep 10, 2020 7:34pm Sep 10, 2020 7:34pm
Quoting taint
{quote} at least if you do that, people who are learning will be able to determine if you are worth following. what's to stop you only posting your winning after the fact trades. very few people are calling trades as they click. so if you aren't interested in showing results, then you must only be here to boost your own ego.
EDIT: I think winning percentage and Risk Reward are more important than account size....look for someone who wins often and the amounts they win are several times greater than the amount they risk.....so traders should share they limit and stops along with the entries and from there you can gather information that will let know if that trader is someone you can learn from If they don't share ask. I dont count BEs as wins and if I move a SL to stay in it I made a bad call but cant track that in my data to determine those errors but typically a trader should stick to his SLs

account size want help you determine who is worth following ; maybe if you could see how they got it and what they have done with it....but you can learn from the information above
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  • #1,183,671
  • Sep 10, 2020 7:34pm Sep 10, 2020 7:34pm
Quoting taint
{quote} at least if you do that, people who are learning will be able to determine if you are worth following. what's to stop you only posting your winning after the fact trades. very few people are calling trades as they click. so if you aren't interested in showing results, then you must only be here to boost your own ego.
Do you know me? Do yiu have any idea how I trade? Coz if you do, you wouldn't say that. Go pages months back at least, read before you comment. Are you sure thatI post after the fact? For sure you just came here. Just couple hours (still in this page) I posted my trade, is that after the fact?
Only an idiot knows with certainty to where the market is going.
  • #1,183,672
  • Sep 10, 2020 7:36pm Sep 10, 2020 7:36pm
Quoting tradecode
{quote} if you dont want to show the end result of your trades, that is your privilege. many people say that they dont want to show their account balance, etc, but this is a way to show the end result of your trades without showing your personal financial information. with all respect, it would separate the bullshitters from the real players, then i would know better who to pay attention to and learn from.
look at the trades not the account balance if you really wanted to find someone to learn from....or you could be tricked easy....nothing speaks like actions lol

you could be looking at account they deposit money in once a week from their night job lol....but your thinking they are growing their account....then what
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  • #1,183,673
  • Sep 10, 2020 7:40pm Sep 10, 2020 7:40pm
Quoting tradecode
{quote} if you dont want to show the end result of your trades, that is your privilege. many people say that they dont want to show their account balance, etc, but this is a way to show the end result of your trades without showing your personal financial information. with all respect, it would separate the bullshitters from the real players, then i would know better who to pay attention to and learn from.
You've been here for a couple of weeks now, im sure you know how i trade. I keep adding orders and trail with stop loss untll it gets hit. If you don't get that, then it is your problem, not mine.
Only an idiot knows with certainty to where the market is going.
  • #1,183,674
  • Sep 10, 2020 7:40pm Sep 10, 2020 7:40pm
Quoting MrBullBear
Go pages months back at least,.

Are you sure thatI post after the fact? I posted my trade, is that after the fact?
if i sounded like i was suggesting that you post after the fact, i was not suggesting that.

if you dont want to show a simple equity curve, that is your privilege.
  • #1,183,675
  • Sep 10, 2020 7:51pm Sep 10, 2020 7:51pm
Quoting tradecode
{quote} if i sounded like i was suggesting that you post after the fact, i was not suggesting that. if you dont want to show a simple equity curve, that is your privilege.
Lol, that post is for the other guy name taint, not for you. He is the one who said that I post after the fact. I knew you will disagree. You know better than him.
Only an idiot knows with certainty to where the market is going.
  • #1,183,676
  • Sep 10, 2020 7:51pm Sep 10, 2020 7:51pm
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  • #1,183,677
  • Sep 10, 2020 7:53pm Sep 10, 2020 7:53pm
Quoting 6EforMe
{quote} Assuming we are talking about humans making decisions, there is a big difference between risking 500 out of 2500, vs 500 out of 250000. The psychology is completely different. i guess my point is, feeling good about doubling a 5000 account is nice, but try doing the same thing with 500,000 and see if you trade the same.
I agree with you that there EXIST a psychology regarding account size. Some of us automatically relate how much in actual cash the pips earned/lost, and the amount is relatable to the cost of lunch, clothes, phone, car etc.
Hence, when trading Demo, such a person must use the actual amount one would eventually fund, and will have to find their sweet spot in terms of risk, reward, position size, screen time, etc.

There also exist a separate class of folks, that only see percentage or ratio, no matter how huge or how small the figure is.
They can demo trade with any amount of fake cash and leverage, and if a sweet number set is found, they can translate into profitable real account of any amount.

We can easily identify the above two kinds of people in our workplace and around us.
You just have to know yourself what kind of person you are.

That's my personal view.
  • #1,183,678
  • Sep 10, 2020 8:08pm Sep 10, 2020 8:08pm
What an amazing price action this pair did, when ECB was much softer than expected in dealing with high EURUSD rates.!
But the strengthening is a Euro move, (oh, and for CHF, which til now I do not know why), it is not a USD move.
Looks like those aiming to sell UK Pound jumped on this opportunity - EURGBP rally hard, GBPUSD fell hard.

Today being Friday, not sure if market has the drive to push things to establish proper trend.
This month (September) end-of-Quarter flows and Sep Quadruple-witching might affect. (I have very little econs knowledge, I know the existence of these events but have no idea how they work/affect)
  • #1,183,679
  • Sep 10, 2020 8:08pm Sep 10, 2020 8:08pm
Inserted Video
  • #1,183,680
  • Sep 10, 2020 8:58pm Sep 10, 2020 8:58pm
Quoting tradecode
{quote} if you dont want to show the end result of your trades, that is your privilege. many people say that they dont want to show their account balance, etc, but this is a way to show the end result of your trades without showing your personal financial information. with all respect, it would separate the bullshitters from the real players, then i would know better who to pay attention to and learn from.
Mantap!!
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