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The WoRmHoLe

  • #17,781
  • Sep 1, 2011 6:41pm Sep 1, 2011 6:41pm
Quoting nAVIN2007
well last month..or around 6 weeks ago i placed 17k in trading account..with me main thing is actually get more risky in terms of lot size, im slowly trying to increase it, toward the end of the month it made a difference..im now just trying to build on it..because its a new account i dont really know how it will perform

profit last month was 2.8%

I think u underestimate yurself..dont turning 500-1k usd is very good..profit is profit
95% they say cant achieve this
95 percent people dont have rules to trade, If they obey some simple rules, its magically easy to gain money. U know, such as cut your losses fast, let your profit run. Stay emotionless. things like that..

Anyway, i see yourself has found your own method. you will be that 5 percent i guess..

anyway, i prefer to underestimate myself, it makes me calm. Stay on the grid. help me remember my own rules. and its quite working..

Good luck mate. have a nice trade.
  • #17,782
  • Sep 1, 2011 6:51pm Sep 1, 2011 6:51pm
Quoting mloistianto
95 percent people dont have rules to trade, If they obey some simple rules, its magically easy to gain money. U know, such as cut your losses fast, let your profit run. Stay emotionless. things like that..

Anyway, i see yourself has found your own method. you will be that 5 percent i guess..

anyway, i prefer to underestimate myself, it makes me calm. Stay on the grid. help me remember my own rules. and its quite working..

Good luck mate. have a nice trade.
agree
  • #17,783
  • Sep 1, 2011 10:44pm Sep 1, 2011 10:44pm
Quoting mloistianto
95 percent people dont have rules to trade, If they obey some simple rules, its magically easy to gain money. U know, such as cut your losses fast, let your profit run. Stay emotionless. things like that..

Anyway, i see yourself has found your own method. you will be that 5 percent i guess..

anyway, i prefer to underestimate myself, it makes me calm. Stay on the grid. help me remember my own rules. and its quite working..

Good luck mate. have a nice trade.
Hi Mloistianto, mind to share how many % profit did u get a month? i believe that will be a better gauge than e acct size itself
  • #17,784
  • Edited 1:38am Sep 2, 2011 1:25am | Edited 1:38am
Quoting mloistianto
95 percent people dont have rules to trade, If they obey some simple rules, its magically easy to gain money. U know, such as cut your losses fast, let your profit run. Stay emotionless. things like that..

Anyway, i see yourself has found your own method. you will be that 5 percent i guess..

anyway, i prefer to underestimate myself, it makes me calm. Stay on the grid. help me remember my own rules. and its quite working..

Good luck mate. have a nice trade.

that also i think depends on individual ..for me confidence, gives belief and belief comes from positive equity curve and this give strength in holding a position..almost like u can see the trade working out so u remain in it.

The things u mention are the hardest things to control for most minds..anyways just my 2 cents..have a good too bro!!

edit:- all comes down to "developing oneself" i guess
All i know is when i fist started trading..trading seemed almost impossible at least to keep the money..

azim showed me actually once it happens it seem to happen more consistently to the point that ones equity actually grows..in something which is thought by many to be random.
I actually love trading, i think it completely minding blowing game..and would do it even if no money was involved but e thinks its the money exchange that keep us all griped ..lol
  • #17,785
  • Sep 2, 2011 1:25am Sep 2, 2011 1:25am
Quoting yuan83
Hi Mloistianto, mind to share how many % profit did u get a month? i believe that will be a better gauge than e acct size itself
He said in an above post that his account is $750 and he makes between $500-1000 per month, so if thats right he's earning around 100% a month?
  • #17,786
  • Sep 2, 2011 1:43am Sep 2, 2011 1:43am
Quoting ohammond
He said in an above post that his account is $750 and he makes between $500-1000 per month, so if thats right he's earning around 100% a month?

i actually didnt read it like that..but it appears thats what he is saying..wow!! that isnt good that amazing results..
  • #17,787
  • Sep 2, 2011 2:50am Sep 2, 2011 2:50am
there was once a statistic shown long time ago here in forex factory forum about the normal 100 trading accounts :-
90 will go bust
5 will maintain trading (lose = win)
4 will make some money
1 will make it
  • #17,788
  • Sep 2, 2011 3:01am Sep 2, 2011 3:01am
Quoting Rapid
there was once a statistic shown long time ago here in forex factory forum about the normal 100 trading accounts :-
90 will go bust
5 will maintain trading (lose = win)
4 will make some money
1 will make it
do u really think it is that hard?..not saying it is easy cause it definately not..but those stats is like saying once in a blue moon someone makes it
  • #17,789
  • Sep 2, 2011 3:12am Sep 2, 2011 3:12am
Quoting nAVIN2007
do u really think it is that hard?..not saying it is easy cause it definately not..but those stats is like saying once in a blue moon someone makes it

Don't know but fact is every now and then I got a call from some new company offering me £100 to open an account with them. Look at the amount of spread betting companies and look at their profits.
Fact like those will tell you that most accounts are being blown.

To me spread betting is worst than casino. Used to say casino is bad as you are using chips. But spread betting is using nothing. Just a simple click.
  • #17,790
  • Sep 2, 2011 3:13am Sep 2, 2011 3:13am
The stats might be right but they don't tell the whole story. None of the them take into account, those that play at trading and those that take it seriously, there is a world of difference between the two camps. Some - probably the majority, will put some money in, try and when they fail and lose their money, never try again, I believe of those that take it seriously the percentage is much higher.
  • #17,791
  • Sep 2, 2011 3:22am Sep 2, 2011 3:22am
Quoting Rapid
Don't know but fact is every now and then I got a call from some new company offering me £100 to open an account with them. Look at the amount of spread betting companies and look at their profits.
Fact like those will tell you that most accounts are being blown.

To me spread betting is worst than casino. Used to say casino is bad as you are using chips. But spread betting is using nothing. Just a simple click.

that is true..very good point
  • #17,792
  • Sep 2, 2011 3:24am Sep 2, 2011 3:24am
Quoting ohammond
The stats might be right but they don't tell the whole story. None of the them take into account, those that play at trading and those that take it seriously, there is a world of difference between the two camps. Some - probably the majority, will put some money in, try and when they fail and lose their money, never try again, I believe of those that take it seriously the percentage is much higher.

True.

But I also know people who have lost £10k in a month, then top up another £5k and then lose all the savings in the bank. With no money in the bank, suddenly the fact kicks in. Too late.

Well, I managed to return to profit after some bad months early this year and proud to say in my 4 years spread betting I am making some every year.

If you can make £1k a month then that is very good.
If not go on demo until you can make monthly then only go live.
  • #17,793
  • Sep 2, 2011 3:25am Sep 2, 2011 3:25am
By the way, a question for the patterns experts here, could this be a bear flag on GU 1hr?
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.gif Size: 18 KB
  • #17,794
  • Sep 2, 2011 3:28am Sep 2, 2011 3:28am
Quoting Rapid
True.

But I also know people who have lost £10k in a month, then top up another £5k and then lose all the savings in the bank. With no money in the bank, suddenly the fact kicks in. Too late.

Well, I managed to return to profit after some bad months early this year and proud to say in my 4 years spread betting I am making some every year.

If you can make £1k a month then that is very good.
If not go on demo until you can make monthly then only go live.
"£1k a month then that is very good"
this is my aim which i hope and pray i can do after this month..im trying to build


http://www.myfxbook.com/members/navi...UUW97zMdT8sh2d

trying to increase my lot sizes and get used to it..this trade i have is the most risk i have ever had..lol
feedback appreciated..bad also welcome..i need to grow!!
  • #17,795
  • Sep 2, 2011 3:36am Sep 2, 2011 3:36am
Quoting ohammond
By the way, a question for the patterns experts here, could this be a bear flag on GU 1hr?

I am more of a bollinger scalper so don't think I am the patterns expert but could be but valid after a solid 1 hour close below 16170
  • #17,796
  • Sep 2, 2011 3:38am Sep 2, 2011 3:38am
Quoting ohammond
By the way, a question for the patterns experts here, could this be a bear flag on GU 1hr?
yes absolutely
  • #17,797
  • Sep 2, 2011 3:42am Sep 2, 2011 3:42am
Quoting nAVIN2007
yes absolutely
Thanks guys. Nice equity curve there Nav in myfxbook, excellent trading
  • #17,798
  • Edited 4:07am Sep 2, 2011 3:48am | Edited 4:07am
Quoting ohammond
Thanks guys. Nice equity curve there Nav in myfxbook, excellent trading
thank u..
if i can just get better increasing lot size..they may be hope, this trade im in at the moment is actually me pushing the boat out..

but i think cable is in a diamond formation (building blocks stage) and im buying to make the right side of it..if it goes lower i will be happy as im expecting at some stage cable to break to upside

or pullback to trendline at least
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 111 KB
  • #17,799
  • Sep 2, 2011 3:50am Sep 2, 2011 3:50am
Quoting nAVIN2007
"£1k a month then that is very good"
this is my aim which i hope and pray i can do after this month..im trying to build


http://www.myfxbook.com/members/navi...UUW97zMdT8sh2d

trying to increase my lot sizes and get used to it..this trade i have is the most risk i have ever had..lol
feedback appreciated..bad also welcome..i need to grow!!

Nav,

Unlike most you guys, I maintain a £2k account and will withdraw any profit every week. If the £2k gone, I will sit down and think again.
It is my only way of controlling my lost.
Unless you are have a strong self control, then having a big account is good but if your gamble side takes over after a losing trade and trading becomes revenge then becareful.
My revenge side is very dominant over my self control hence I have the £2k account control.
Anyway that is me.
  • #17,800
  • Sep 2, 2011 3:57am Sep 2, 2011 3:57am
Quoting nAVIN2007
"£1k a month then that is very good"
this is my aim which i hope and pray i can do after this month..im trying to build


http://www.myfxbook.com/members/navi...UUW97zMdT8sh2d

trying to increase my lot sizes and get used to it..this trade i have is the most risk i have ever had..lol
feedback appreciated..bad also welcome..i need to grow!!

my advice... don't trade over instinct...
I don't want a job, i want money!
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