One funny thing is...
You rarely see people posting about their losing trades on these boards.
I know it's cliche, but it's interesting nonetheless.
Moe, i cant find my calculator.. please help me calculating.. thx
One funny thing is...
You rarely see people posting about their losing trades on these boards.
I know it's cliche, but it's interesting nonetheless.
... please man close this thread it will save you the
embarrassment
One funny thing is...
You rarely see people posting about their losing trades on these boards.
I know it's cliche, but it's interesting nonetheless.
so far i got all winners. so i guess the real average is 100%
Buddy there is nothing to be embarrassed of.. Cause a clever trader and a person who wants to educate others, will understand the meaning of this thread..
I will be happy to keep this open, And see how many serious people are around here..
haha that tells me your Quantative Analysis.. Lolz..
Well i am counting the real pips someone made..
We divide by the ratio and will come to an estimate... for a next trade.. Cause there are many people, many traders, who dream to book 100 Pips from a single trade, some can, some dont, they assume it will make them 150 Pips, they wait, and then eventually find it comes back to 50 pips and down.. So its to educate people in a nice manner, that listen, if you get 20-30 Pips, book it.. sit, watch and enter back after studying.
so far i got all winners. so i guess the real average is 100%
Interesting little thread that's going here.
It sounds to me, J, that you had a better average trade than you normally make and you felt like gloating a little bit because of the euphoria that you felt by closing your position at 130 pips. You obviously made a decent trade and you wanted to do some comparisons...nothing terribly wrong with that, although it does come across more as braggadocio than utility.
I personally see no problem with your post, but you have to understand that the annoyance that I perceive in the responses to your post is more about their perceptions of you than anything else. Of course, I'm speaking from my own analysis on the situation.
Personally, I find pips a rather crude measure of success. Some people count pips regardless of lots, some people count pips as a total number of lots * the number of pip-points moved...there's just no standard. Furthermore, it gives no determination of how much success you had because the trade could have been one micro-lot on a $100,000 account which would have amounted to a $13.00 gain which is such small gain on a large account, or you could have bet the farm showing no constraint and made a million who knows? None of that information is particularly useful to anyone else, honestly.
What may have been particularly more accepted (from a pure ettiquite stand-point) would have been to just explain how happy you were and either moved on (without the request for a pissing contest) or (even more useful) would have been to explain how you came to enter and exit the trade. Especially since the numbers would have been seen as dollar-negative. HOW you traded would have been much more appreciated and maybe even warranted a discussion about comparable trades, but just nagging others for numbers to compare serves no purpose because the of what I said earlier...pips are a poor measure for success. How you designed your trade is MUCH more important because if you don't have a solid system in place, for every ONE of these "awesome" trades you made, you probably made TEN really crappy trades that you'll never tell us about.
So, learn from your mistake and learn to provide more utility to the community.
Kudos to Jacob for what he was trying to do,
making this thread.
