Screen Shot of a good trader about to get $ 6K margin call !! | Forex Factory

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Screen Shot of a good trader about to get $ 6K margin call !!

  • #1
  • First Post: Edited May 6, 2010 12:39pm Apr 1, 2010 1:58pm | Edited May 6, 2010 12:39pm
I know this maybe not belong here , but I thought it is interesting. He was a good trader and made the 5K to 6K in less than 2 months. He was disciplined with his system , trading breakout of S/R with fixed lots , TP and SL. But his emotions won the fight over him

http://i43.tinypic.com/210h752.jpg

http://i42.tinypic.com/2dhxvk0.jpg

I think his only hope now is For the GBY/JPY to move down!


EDIT:

http://www.forexfactory.com/showpost...1&postcount=23

And more money!!
http://www.forexfactory.com/showpost...1&postcount=35
  • #2
  • Apr 1, 2010 2:02pm Apr 1, 2010 2:02pm
disciplined and cant control emotions in same sentence?
  • #3
  • Apr 1, 2010 2:11pm Apr 1, 2010 2:11pm
dude, that much drawdown means he was NOT disciplined. im sorry, but thats just ridiculous. that much at the same time? wow.
  • #4
  • Apr 1, 2010 2:12pm Apr 1, 2010 2:12pm
Quoting Sim
disciplined and cant control emotions in same sentence?
He "was" ....
  • #5
  • Apr 1, 2010 2:22pm Apr 1, 2010 2:22pm
Quoting Sim
disciplined and cant control emotions in same sentence?
It is a different sentence to be fair. But I think he probably was lucky rather than disciplined in the first instance.
  • #6
  • Apr 1, 2010 2:30pm Apr 1, 2010 2:30pm
A sucker is born every minute
https://diamondmanagedfx.com/prop-firm-passing-service/
  • #7
  • Apr 1, 2010 2:32pm Apr 1, 2010 2:32pm
Quoting Ted1983
It is a different sentence to be fair. But I think he probably was lucky rather than disciplined in the first instance.
He had his own chat room and giving people signals. Thats why he gave me his investor pass. Damn ,looks a little depressing. But he still has a chabce to survive! A little chance , but still!!
  • #8
  • Apr 1, 2010 3:39pm Apr 1, 2010 3:39pm
Quoting Brb-Fraudin
He had his own chat room and giving people signals. Thats why he gave me his investor pass. Damn ,looks a little depressing. But he still has a chabce to survive! A little chance , but still!!

Does that mean you posted without the acount holders permission?
Man he is gonna be pissed with you!

I feel sorry for those taking the signals.
  • #9
  • Apr 1, 2010 4:07pm Apr 1, 2010 4:07pm
Quoting Ted1983
Does that mean you posted without the acount holders permission?
Man he is gonna be pissed with you!
No names are mentioned ,no links ,not anything.
  • #10
  • Apr 1, 2010 4:38pm Apr 1, 2010 4:38pm
Quoting Brb-Fraudin
He "was" ....
What he was for certain trades but not the others? You're either disciplined or not right?
  • #11
  • Apr 1, 2010 4:51pm Apr 1, 2010 4:51pm
I think he used to be disciplined. I saw in the first picture he had stops always.

But on the 2nd pic, the one with graphs... No SL whatsoever.

2 conclusions that I can draw:
1)He let his discipline waver by not setting stop losses and not following his plan.
2)He never traded with stoplosses to begin with. Or maybe he never had a proper plan to begin with. Which is why in times of doubt (which we invariably will encounter at some point) he has succumbed to the pitfalls of trading.

This happened to me too when I started trading. Part of the journey lol. Lucky he just blown a 6k account. Imagine if it was 10 or 20k.
  • #12
  • Apr 1, 2010 5:43pm Apr 1, 2010 5:43pm
If you guys notice ... this guy has been using 0.1 lot in each trade and he was doing good ...

All of the sudden, he placed 1 lot .. and the market reversed against him ...

He had the discipline .. but he lost it .. perhaps the profits made he feel like he was on top of the world ... "I own the market" kind of thing.

I feel bad for him ... but each lesson comes with a price ...
  • #13
  • Apr 1, 2010 5:54pm Apr 1, 2010 5:54pm
lol i just realized something... He is running a bot.

Explains why there are no stop losses. It was probably not programmed into it.
  • #14
  • Apr 1, 2010 6:15pm Apr 1, 2010 6:15pm
Quoting thelws
lol i just realized something... He is running a bot.

Explains why there are no stop losses. It was probably not programmed into it.
No it was me running it on a demo account on the same interface. He was a manual trader... Was..not yet he still has a chance.

The guy was constantly using SL ,this time he just lost all his discipline , I dont know why and he has been offline ever since.

http://i41.tinypic.com/21azo1j.jpg
  • #15
  • Apr 1, 2010 7:52pm Apr 1, 2010 7:52pm
To me it looks like over-trading.

I teach my students to go for 20 pips per day and be away from the sharks.
With proper MM and using compounding it gets you VERY far.
  • #16
  • Apr 7, 2010 11:39pm Apr 7, 2010 11:39pm
I modified the Pic. Look at the price action. why would he short? Higher lows showing bulls gaining on the bears. once that previous support/Resistance was broken, big bullish breakout. AND thats a Daily on the "Dragon" G/J, Danger ahead.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 467 KB
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #17
  • Apr 7, 2010 11:45pm Apr 7, 2010 11:45pm
Quoting thelws
lol i just realized something... He is running a bot.

Explains why there are no stop losses. It was probably not programmed into it.
Bots.. Heh, i know someone who loves bots and claimed it to be the ultimate rich machine. Hes in the Red -$20,000 out of $35,000 Capital at this moment.
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #18
  • Apr 7, 2010 11:47pm Apr 7, 2010 11:47pm
Quoting Freddyfx
To me it looks like over-trading.

I teach my students to go for 20 pips per day and be away from the sharks.
With proper MM and using compounding it gets you VERY far.
gettin in a little self promotion there Freddy?.....LOL
  • #19
  • Apr 7, 2010 11:50pm Apr 7, 2010 11:50pm
Quoting Freddyfx
To me it looks like over-trading.

I teach my students to go for 20 pips per day and be away from the sharks.
With proper MM and using compounding it gets you VERY far.
Unless they dive in with a shark cage (Money Management).
"The market doesn't beat them, they beat themselves" - J. Livermore
  • #20
  • Apr 8, 2010 1:33pm Apr 8, 2010 1:33pm
Quoting Brb-Fraudin
He had his own chat room and giving people signals. Thats why he gave me his investor pass. Damn ,looks a little depressing. But he still has a chabce to survive! A little chance , but still!!
He gave you his pass and you post this here? Tacky, tacky, tacky..........
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