Dislikednow if the goal is to maximize your profits (at least that is mine, even in demoing) why on Earth would you accept a -50% in just one move?Ignored
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Dislikednow if the goal is to maximize your profits (at least that is mine, even in demoing) why on Earth would you accept a -50% in just one move?Ignored
QuoteDislikedSome trades I have gone -600 and still ended with a profit. It is not guess work or chance, it is a trading skill.
Dislikeddont understand stop loss when margin call is already an automated stoploss for us.Ignored
QuoteDislikedwhy put more in the account than your using
Quoting actarusDislikedI do not think it is a skill to have 600 pips down, even if you are aiming for thousands upIgnored
QuoteDislikedTo say that you can predict something which is so unsteady in nature, for obvious reasons, is out of question. Weather is governed by simple rules and still we have no insight on large time scale.
QuoteDislikedbut few loosing times (still possible) suffice to blow your account.
QuoteDislikedMr J, I understand that it is possible to blow an account even with risk management, slowly and that is what I am worried about, to be frank; that is why I will demo many trades and I will use very low leverages, trying to learn before being kicked out of the game.
QuoteDislikedIf you risk 50% on a move, though, I do not think there is a reward appropriate for that; because -again- nothing is certain.
Dislikedtrend_chaser, if you put it that way, it makes sense to me to wait for the margin call (in the very worst case) or to close a position well in advance.
I am not that disciplined, probably. I could not do that; but I think I see what you are saying.Ignored
DislikedSorry but I can not agree. It is really likely you are much more skilled than I am (and I mean it), also because I do not think I am skilled at all; still, I do not think it is a skill to have 600 pips down, even if you are aiming for thousands up.
The idea is very simple: I think you will all agree with me that market is not predictable. You can follow the market, you can try your best to understand where the pressure is going and to have an insight in reversal, before the majority; I am sure you can be very skilled in that.
To say that...Ignored
QuoteDislikedCertainty isn't needed. If someone offered me 10:1 on a coinflip, I'd sure as hell risk 50% of my capital.
QuoteDislikedJest, I understand your reasoning. I could not open a position without a SL, but that is me. Still, even pushing it further, I would put a catastrophic stop, just in case (where catastrophic is nonetheless well before a margin call).
Dislikednubcake,
I totally respect others' opinion and I wish I can be a profitable trader myself; nevertheless, I think there is still room for my opinion.
If I do not agree with someone or I believe that the risk involved is too high, no matter what your performance may or may not be, I think I can express myself. To me too much risk implies you are putting your method at a stake.
What I do believe is that if you are not a brilliant trader and still learning (this exemplifies my case): money management, SL, and any trickery on Earth will not stop me...Ignored
QuoteDislikedwhat is the safest way to have your entire available margin in a position and have absolutely zero risk?
DislikedAre you sure? If I were the market, I would bet against you on these chances, because from your answer I infer (tell me if I am wrong) that you believe that you would be profitable; therefore you will keep on betting (right?). That is at least what a trader does: he keeps on trading (I guess).Ignored
QuoteDislikedDo you think a series of 10 losses in a row would be 'impossible' on a large number of sorting? Of course not: after that you would remain with less than 1/1000 of your initial wealth and 10 losses in a row is not the worst which may happen.
QuoteDislikedAnyhow with such a huge expected reward the truth is you will be out of the game, probably, satisfied, at a certain point if you are not extremely unlucky.
QuoteDislikedShould I find a good edge, I hope I will try my best not to ruin it, with my greed.
Dislikedyou make the assumption that there is lots at risk with a large drawdown....Ignored
DislikedActually i tried this type of trading once way back when I was a beginner. I used 400:1 leverage and 500 dollars in my account. I could trade 9 lots. If the trade went against me I margined out @ 50 bucks. If the trade went for me I made a killing. The problem was I was a lousy trader at that point. Wonder if I tried it now I could make it work. Hmmmmmmmm.............. Maybe we should start a thread with that one. 50 dollar losses versus 400 dollar gain on a 50 pips move ............... nice risk to reward ratio .........................Ignored