I strated Forex trading 3 months ago and my ability to lose money was so amasing that one idea came to me that I can actually make money by losing it at the same time. It is very simple - if I am losing in 90% of trades, somebody takes my money and wins. Why it can't be me? I opened another account with another broker and for each trade that makes sense to me as a newbee, I make opposite trade (that doesn't make any sense to me) with lot twice as big as the first one and usually it turns out pretty good... for the last 2 weeks I was able to almost double my second account and have more trust to this system than to any other system that I tried so far !!!
- #2
- Dec 8, 2009 10:10am Dec 8, 2009 10:10am
- | Joined Aug 2009 | Status: Trader | 1,871 Posts
I strated Forex trading 3 months ago and my ability to lose money was so amasing that one idea came to me that I can actually make money by losing it at the same time. It is very simple - if I am losing in 90% of trades, somebody takes my money and wins. Why it can't be me? I opened another account with another broker and for each trade that makes sense to me as a newbee, I make opposite trade (that doesn't make any sense to me) with lot twice as big as the first one and usually it turns out pretty good... for the last 2 weeks I was able to almost...
And there are EAs out there that are so bad that 'reverse' function has been built into them, and on the reverse setting they end making big profit
- #3
- Dec 8, 2009 10:12am Dec 8, 2009 10:12am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
LOL. Thats like some weird martingale hedging. You will get the same results with one broker if you can open multiple positions(opposite/hedging).
How can you know which "bet" will REALLY be the winner?
If you really are choosing your positions 90% time in wrong direction, why not just simple reverse it in your mind before opening the trade? No need for multiple accounts. Sorry, this is very stupid idea!
How can you know which "bet" will REALLY be the winner?
If you really are choosing your positions 90% time in wrong direction, why not just simple reverse it in your mind before opening the trade? No need for multiple accounts. Sorry, this is very stupid idea!
Of course I realize that it is very stupid approach but at least this way I am not blowing account after account (already killed 3x$500) and very happy to see one grown to $870. I will stick with this method for some time as a learning experience just to see which patterns deceive me the most. Not expecting to be very profitable but just want this Forex experience not to be so expensive for me. Today tried simple hedging 1:1 putting profit target on the opposite trade a little higher than stop loss on the first one and it worked just fine. Most importantly it gives psychological comfort to watch the price action, doesn't matter which direction it's going. But still it almost always goes the opposite direction from my perfect choice...
- #6
- Dec 8, 2009 8:37pm Dec 8, 2009 8:37pm
- Joined May 2005 | Status: Trader | 1,494 Posts
LOL - Love it. I've read many threads on the idea of reverse trading the losing system - but not anyone doing it. Now if you can simply just 'not improve' you may be onto something. 
In trading, there is no bullshit. You either make money or you don't.
- #8
- Dec 9, 2009 2:22am Dec 9, 2009 2:22am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place