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5ers Trader vs. Independent Trader

  • #21
  • Mar 2, 2021 11:27am Mar 2, 2021 11:27am
Quoting OutThere
Equity just above BE. {image}
I'm in a bit of DD at the moment.
  • #22
  • Mar 3, 2021 9:29am Mar 3, 2021 9:29am
Chugging along.
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  • #23
  • Mar 3, 2021 10:08am Mar 3, 2021 10:08am
I didn't expect to be posting screenshots this frequently but the market moved fast.
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  • #24
  • Mar 3, 2021 9:48pm Mar 3, 2021 9:48pm
Best wishes for both of you
How big can you think!
  • #25
  • Edited 5:34am Mar 4, 2021 5:06am | Edited 5:34am
I wonder how pipmaster is doing.
oh, I forgot about the TE.
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  • #26
  • Mar 5, 2021 5:08pm Mar 5, 2021 5:08pm
it was nightmare-ish 24 hours and not only because of EU.

I think pipmaster isn't having a great time either.

Looking forward to a better week, next week.
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  • #27
  • Mar 6, 2021 3:18am Mar 6, 2021 3:18am
Boys, I dont know what your trading method is, but I think you both are overtrading.
And yes - the unstable stock market reflect on currencies. Corection is happening or bigger selloff.

BTW can share few thoughts about ur trading plan?

peace
  • #28
  • Mar 9, 2021 2:41am Mar 9, 2021 2:41am
Hi guys, there's real money at stake. Trading in public eyes brings unfamiliar added pressure which both of you can do without. I think it's come to a point you can decide to remove this added pressure that's affecting your performance. I mean stop this challenge, get back to your normal private trading. No one is obligated to prove anything at such a cost. Just my suggestion.
Know what you trade
  • #29
  • Mar 9, 2021 3:56am Mar 9, 2021 3:56am
Quoting BWilliam
Hi guys, there's real money at stake. Trading in public eyes brings unfamiliar added pressure which both of you can do without. I think it's come to a point you can decide to remove this added pressure that's affecting your performance. I mean stop this challenge, get back to your normal private trading. No one is obligated to prove anything at such a cost. Just my suggestion.
Come on BWilliam,

Why so negative?

I was just waiting for my account to come back to BE and then I was going to take a screenshot and yelp in excitement: BE! BE!
And then I saw you post and started thinking; what I don't reach BE?
Luckily I just did.

It has been a tough 10 days. The most volatile pare of 2021 I'd say so far.

I ain't no type to quit noting.
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  • #30
  • Mar 9, 2021 4:16am Mar 9, 2021 4:16am
Quoting vasal
Boys, I dont know what your trading method is, but I think you both are overtrading. And yes - the unstable stock market reflect on currencies. Corection is happening or bigger selloff. BTW can share few thoughts about ur trading plan? peace
I have developed an affinity for rebates=> I'm not afraid to let loose on trades.
I don't have a trading plan. I don't ambush a pair and draw lines all around it and wait for the best time to pounce.
Best way I can describe it is: Price Action. I go where the market goes and I collect crumbs and hope to not get pummled.
  • #31
  • Mar 9, 2021 4:28am Mar 9, 2021 4:28am
Quoting OutThere
{quote} I have developed an affinity for rebates=> I'm not afraid to let loose on trades. I don't have a trading plan. I don't ambush a pair and draw lines all around it and wait for the best time to pounce. Best way I can describe it is: Price Action. I go where the market goes and I collect crumbs and hope to not get pummled.
Oh, i thought your trading was fully automated, not?
  • #32
  • Mar 9, 2021 4:30am Mar 9, 2021 4:30am
Quoting BWilliam
Hi guys, there's real money at stake. Trading in public eyes brings unfamiliar added pressure which both of you can do without. I think it's come to a point you can decide to remove this added pressure that's affecting your performance. I mean stop this challenge, get back to your normal private trading. No one is obligated to prove anything at such a cost. Just my suggestion.
At the very least, they could keep the results totally hidden till the "contest" ends. That should ease the pressure a great deal.
  • #33
  • Mar 9, 2021 4:39am Mar 9, 2021 4:39am
Quoting Koop
{quote} Oh, i thought your trading was fully automated, not?
There is automation involved like setting tp/sl, and other stuff that I don't care to do manually but there are a lot of twists and turns that require manual handling. I've made quite a bit of manual trades so far. Not that I wanted to, but had to.
It'd be nice to let it ride all by itself. That's my goal.
  • #34
  • Mar 9, 2021 4:51am Mar 9, 2021 4:51am
Quoting Koop
{quote} At the very least, they could keep the results totally hidden till the "contest" ends. That should ease the pressure a great deal.
I take it that you are not into spectator sports.
I'm thinking what kind of a challenge requires the results to be totally hidden till the "contest" ends.
Oscars and other award shows? Maybe?

This is under Trading Journals after all.
  • #35
  • Mar 9, 2021 5:26am Mar 9, 2021 5:26am
Quoting OutThere
{quote} Come on BWilliam, Why so negative? I was just waiting for my account to come back to BE and then I was going to take a screenshot and yelp in excitement: BE! BE! And then I saw you post and started thinking; what I don't reach BE? Luckily I just did. It has been a tough 10 days. The most volatile pare of 2021 I'd say so far. I ain't no type to quit noting. {image}
This "competition" is actually not competition at all. One - no limit on drawdown, one - strict limit, 4%, or game over....
  • #36
  • Edited 9:01am Mar 9, 2021 8:49am | Edited 9:01am
Quoting snail69
{quote} This "competition" is actually not competition at all. One - no limit on drawdown, one - strict limit, 4%, or game over....
His 4% equals $800 (Should be $875 but $75 is held back by his broker.)
My 100% equals $875 (Nothing is held back by my broker).

It's pretty much the same thing.

Pipmaster was well aware that he would be at a disadvantage by $75 when he posed the challenge.
Had he decided to compete through a broker of his choice, he would have had access to the full $875 as well but he relinquished that choice voluntarily for the 'advantages' that he perceived he was receiving. So, as far as he was concerned (and still is), he is better off than I am.
  • #37
  • Mar 9, 2021 9:20am Mar 9, 2021 9:20am
Yes, this is way tougher than I thought. I am spoiled with 100:1 leverage and 20K drawdown on FTMO. Thought I could just adjust position size. If you see, I actually do pretty well when I trade .50 per pip, but I didn't want to take 10 years of my life to complete this.. Going on vaca until next Monday. Either account will be blown soon or a miraculous comeback like OutThere.
  • #38
  • Mar 9, 2021 9:40am Mar 9, 2021 9:40am
Quoting pipmaster77
Yes, this is way tougher than I thought. I am spoiled with 100:1 leverage and 20K drawdown on FTMO. Thought I could just adjust position size. If you see, I actually do pretty well when I trade .50 per pip, but I didn't want to take 10 years of my life to complete this.. Going on vaca until next Monday. Either account will be blown soon or a miraculous comeback like OutThere.
Anyway respect to both of you to step up the plate to do this challenge.
Know what you trade
  • #39
  • Mar 9, 2021 11:53am Mar 9, 2021 11:53am
Quoting pipmaster77
Yes, this is way tougher than I thought. I am spoiled with 100:1 leverage and 20K drawdown on FTMO. Thought I could just adjust position size. If you see, I actually do pretty well when I trade .50 per pip, but I didn't want to take 10 years of my life to complete this.. Going on vaca until next Monday. Either account will be blown soon or a miraculous comeback like OutThere.
Just a reminder that you were aiming to adjust your trading to 1:1 leverage and the 1:6 was plenty already.
  • #40
  • Mar 9, 2021 12:09pm Mar 9, 2021 12:09pm
Quoting pipmaster77
Yes, this is way tougher than I thought. I am spoiled with 100:1 leverage and 20K drawdown on FTMO. Thought I could just adjust position size. If you see, I actually do pretty well when I trade .50 per pip, but I didn't want to take 10 years of my life to complete this.. Going on vaca until next Monday. Either account will be blown soon or a miraculous comeback like OutThere.
Lol confirms what i said. That leverage is stifling. The aggressive plan with 1:30 would have been better but then they increase targets and scale up milestone from 10% to 25% which affects your growth plan in line with this contest.

Don't give up now Pip!!! I got money on you.
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