So I eventually managed to get in on shorting GU adding +15% to the account. 
Truth is like poetry. And most people f*cking hate poetry.
- #102
- Feb 4, 2021 6:47am Feb 4, 2021 6:47am
- Joined May 2017 | Status: Trader | 3,883 Posts
Bought UC today adding +11% to the account. 
Truth is like poetry. And most people f*cking hate poetry.
- #103
- Edited 8:06am Feb 4, 2021 7:56am | Edited 8:06am
- | Joined Jan 2018 | Status: Trader | 1,108 Posts
Good luck Mrdfx and others!
I don't know what's your MM, but i give you my 2 cents:
For """me""" this is by far the best money management for a Trader who wants to trade forever and survive on the markets, while learning and improving himself
This journey will require hundreds of trades for be accomplished, so, in the best scenario, you will have probably at least one losing strike, let's say, of 4-5 trades, assuming you are around 80% accurate.
For avoid a lethal DD, after 1 loss just reduce by 50% your leverage.
Example:
Trade 1 (3 lots) -300 usd
(You will trade again 3 lots, ONLY and only when you will recover the 50% of the loss, using 1.50 lots
P.S: not 15 seconds after the first losing trade, you
don't want to revenge trade)
Trade 2 (1.50 lots) -150 usd
(You will trade again 1.50 lots, ONLY and only when you will recover the 50% of the loss, 150usd this time, using 0.75 lots)
Trade 3 (0.75) -75 usd
"
Trade 4 (0.35) -35 usd
"
Trade 5 (0.18) -18 usd
"
Total loss: 578, against 1500 without reducing the size
Remember that: 5 loss in a row it's totally normal and also the best Trader in the world with 220 IQ has losing strikes.
Yes, your equity line will remain flat for some weeks, it is possible. But traders who use always same size at this point would have burned 70% of their account, You? 15%?
For people that thinks "this is boring": How money you earned from the beginning of your Trading career till today 04/02/2021?
Possible answers:
-A lot:
I hope you will open a trading journal, we will subscribe
-I blowed various accounts:
Using this approach you would be at Breakeven with the first account now, or in profit. Think about it.
I don't know what's your MM, but i give you my 2 cents:
For """me""" this is by far the best money management for a Trader who wants to trade forever and survive on the markets, while learning and improving himself
This journey will require hundreds of trades for be accomplished, so, in the best scenario, you will have probably at least one losing strike, let's say, of 4-5 trades, assuming you are around 80% accurate.
For avoid a lethal DD, after 1 loss just reduce by 50% your leverage.
Example:
Trade 1 (3 lots) -300 usd
(You will trade again 3 lots, ONLY and only when you will recover the 50% of the loss, using 1.50 lots
P.S: not 15 seconds after the first losing trade, you
don't want to revenge trade)
Trade 2 (1.50 lots) -150 usd
(You will trade again 1.50 lots, ONLY and only when you will recover the 50% of the loss, 150usd this time, using 0.75 lots)
Trade 3 (0.75) -75 usd
"
Trade 4 (0.35) -35 usd
"
Trade 5 (0.18) -18 usd
"
Total loss: 578, against 1500 without reducing the size
Remember that: 5 loss in a row it's totally normal and also the best Trader in the world with 220 IQ has losing strikes.
Yes, your equity line will remain flat for some weeks, it is possible. But traders who use always same size at this point would have burned 70% of their account, You? 15%?
For people that thinks "this is boring": How money you earned from the beginning of your Trading career till today 04/02/2021?
Possible answers:
-A lot:
I hope you will open a trading journal, we will subscribe
-I blowed various accounts:
Using this approach you would be at Breakeven with the first account now, or in profit. Think about it.
- #104
- Feb 5, 2021 5:37am Feb 5, 2021 5:37am
- Joined May 2017 | Status: Trader | 3,883 Posts
TFIG! 
So I had some fun with NFP adding +12% to the account bringing this weeks total profit to +75%, not bad.
Not sure if I'll trade again today as I prefer to sit on the sidelines on Fridays, but if there is something then I'll jump back in.
So I had some fun with NFP adding +12% to the account bringing this weeks total profit to +75%, not bad.
Not sure if I'll trade again today as I prefer to sit on the sidelines on Fridays, but if there is something then I'll jump back in.
Truth is like poetry. And most people f*cking hate poetry.
- #106
- Feb 5, 2021 9:09am Feb 5, 2021 9:09am
- Joined May 2017 | Status: Trader | 3,883 Posts
I'm in, form 60$, 5% per 10 pips, lest see, first step done, twelve to go.. {image}
Truth is like poetry. And most people f*cking hate poetry.
TFIG!
- #108
- Feb 9, 2021 8:44am Feb 9, 2021 8:44am
- Joined May 2017 | Status: Trader | 3,883 Posts
Hi guys been quiet, but still in the game. 
Had some good profits today with +10% added today, still holding on some orders so the TE is still hidden for now.
Had some good profits today with +10% added today, still holding on some orders so the TE is still hidden for now.
Truth is like poetry. And most people f*cking hate poetry.
- #109
- Feb 12, 2021 6:31am Feb 12, 2021 6:31am
- Joined May 2017 | Status: Trader | 3,883 Posts
Hey hey its Friday!
Well its been a slow week, and I'm still holding on some positions which just don't want to listen to me lol.
In the meantime I've still been trading adding +28% to the account this week bringing the account to over $400+ which means I have passed month 2.
I'll be holding these orders over the weekend and next week should close them in profit or worst case take a small loss and move forward as I don't want to keep holding positions open which in turn is holding up usable margin. I am ahead of schedule so taking a loss won't be the end of it. Anyway lets see how it goes next week.
Well its been a slow week, and I'm still holding on some positions which just don't want to listen to me lol.
In the meantime I've still been trading adding +28% to the account this week bringing the account to over $400+ which means I have passed month 2.
I'll be holding these orders over the weekend and next week should close them in profit or worst case take a small loss and move forward as I don't want to keep holding positions open which in turn is holding up usable margin. I am ahead of schedule so taking a loss won't be the end of it. Anyway lets see how it goes next week.
Truth is like poetry. And most people f*cking hate poetry.
- #110
- Feb 13, 2021 4:31am Feb 13, 2021 4:31am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Well done and I have to say you're an inspiration!
Joining you on Monday. $50
Joining you on Monday. $50
- #111
- Feb 16, 2021 6:00am Feb 16, 2021 6:00am
- Joined May 2017 | Status: Trader | 3,883 Posts
Well f*ck it guys.. that's that, lets try again. 
So as I told you guys last week I was holding on some positions which I was expecting/hoping to close in profit this week, buuuuut its not gone my way.
I opened some sell orders on GY last week and as it went up higher I was looking at it an thinking this thing is way overbought and at near 2 year highs and so I thought it has to come down at some point right, so stupid me, I broke my own personal trading rules. I moved my stop loss and opened more sells to try average down later. Well that didn't work and GY kept moving up higher and higher this week. My own stubbornness to cut my losses led to a margin call and the end of that run.
So what was the lesson here?
1. Stick to your trading rules! They there for a reason.
2. The market can keep moving longer than you think your account can handle!
3. Once you set your SL don't touch it!
4. Don't add to losing positions and try to average down later cos most times it won't work!
Yip a lot of rookie 101 lessons to remember that I forgot to stick to myself.
So lets try this again, another $100 loaded up and this time I will try my best to stick to my trading rules.
So as I told you guys last week I was holding on some positions which I was expecting/hoping to close in profit this week, buuuuut its not gone my way.
I opened some sell orders on GY last week and as it went up higher I was looking at it an thinking this thing is way overbought and at near 2 year highs and so I thought it has to come down at some point right, so stupid me, I broke my own personal trading rules. I moved my stop loss and opened more sells to try average down later. Well that didn't work and GY kept moving up higher and higher this week. My own stubbornness to cut my losses led to a margin call and the end of that run.So what was the lesson here?
1. Stick to your trading rules! They there for a reason.
2. The market can keep moving longer than you think your account can handle!
3. Once you set your SL don't touch it!
4. Don't add to losing positions and try to average down later cos most times it won't work!
Yip a lot of rookie 101 lessons to remember that I forgot to stick to myself.
So lets try this again, another $100 loaded up and this time I will try my best to stick to my trading rules.
Truth is like poetry. And most people f*cking hate poetry.
Well f*ck it guys.. that's that, lets try again.
Well f*ck it guys.. that's that, lets try again.
Stop fighting, let it go......you will be surprised..
- #116
- Feb 17, 2021 7:02am Feb 17, 2021 7:02am
- Joined May 2017 | Status: Trader | 3,883 Posts
And we're off!
It's been a good start to the new account adding +28% today with one position still open and in profit.
It's been a good start to the new account adding +28% today with one position still open and in profit.
Truth is like poetry. And most people f*cking hate poetry.
- #117
- Mar 5, 2021 7:21am Mar 5, 2021 7:21am
- Joined May 2017 | Status: Trader | 3,883 Posts
Hey FF been a while!
Well things have been rocky the past cpl weeks. I've been super busy with my other business (a good thing) and hadn't been trading much except for an EA I have running on its own. Turns out leaving the EA to do its own thing did not have a good outcome and I took on some losses.
I made some adjustments to the settings and managed to recover back to even again. Its frustrating as its been 2 weeks of lost time, but I'm still in the game and still going forward which is whats most important. I'll try to pay more attention to the EA while I'm to busy to do much manual trading and make sure it stays on track. I've got some catching up to do!
Well things have been rocky the past cpl weeks. I've been super busy with my other business (a good thing) and hadn't been trading much except for an EA I have running on its own. Turns out leaving the EA to do its own thing did not have a good outcome and I took on some losses.
I made some adjustments to the settings and managed to recover back to even again. Its frustrating as its been 2 weeks of lost time, but I'm still in the game and still going forward which is whats most important. I'll try to pay more attention to the EA while I'm to busy to do much manual trading and make sure it stays on track. I've got some catching up to do!
Truth is like poetry. And most people f*cking hate poetry.
- #118
- Mar 5, 2021 10:58am Mar 5, 2021 10:58am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
Hey FF been a while!
Nice !
What EA?
- #119
- Mar 12, 2021 6:22am Mar 12, 2021 6:22am
- Joined May 2017 | Status: Trader | 3,883 Posts
{quote} Nice !
Truth is like poetry. And most people f*cking hate poetry.
- #120
- Mar 12, 2021 6:24am Mar 12, 2021 6:24am
- Joined May 2017 | Status: Trader | 3,883 Posts
Well it's been a much better week bringing the account to +40%.
Didn't do much trading this week actually, but managed to profit off the CAD news today.
Have a good weekend guys!
Didn't do much trading this week actually, but managed to profit off the CAD news today.
Have a good weekend guys!
Truth is like poetry. And most people f*cking hate poetry.