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Proof That Ultra Profitable Trading Is Indeed Possible

  • #441
  • Jan 22, 2013 7:47am Jan 22, 2013 7:47am
Quoting Supertrader9
I want to start a hedge fund one day and therefore i believe to keep drawdowns below 15% is the utmost importance.
How can anyone trust you to manage a hedge fund if you keep blowing up your accounts and then remove the tracking history? There was never a continuous track record, you showed 50% increase and then remove the myfxbook once the account crashed. Why not stick to one myfxbook and aim to never take it down again, ever.
No longer trading forex. Looking for full time job.
  • #442
  • Jan 22, 2013 9:25am Jan 22, 2013 9:25am
Quoting jambolya
I believe this account was wiped out. Nearly 100% drawdown when I last checked a few days ago. Supertrader, all your accounts are getting wiped out because you are going for the big gamble. I wouldn't bother showing any more results to the public as I think you are putting a lot of pressure on yourself to end each day on top and to show extraordinary gains. As a result you are taking risks that will inevitably end in ruin. My advise, for what it's worth, would be to stop posting on this thread for a while, go trade in private for a few months and...
I really don't get it. If super is managing risk, like he mentioned, its not possible to blow out an account. He may like to focus on trading his method and not worry what others would think if his account doesn't show rapid progress. Another issue is limited feedback on his method because he opted to keep it personal. I guess money management / risk management aspect of his method needs to be revisited.
The Thief of Wall Street
  • #443
  • Jan 22, 2013 3:00pm Jan 22, 2013 3:00pm
Quoting Chicky
I really don't get it. If super is managing risk, like he mentioned, its not possible to blow out an account. He may like to focus on trading his method and not worry what others would think if his account doesn't show rapid progress. Another issue is limited feedback on his method because he opted to keep it personal. I guess money management / risk management aspect of his method needs to be revisited.
Supertrader starts off accounts by managing his risk but then he starts to take on more and more risk until he is eventually risking his whole account, not figuratively but literally his whole account. Then the account is gone. That's been the pattern for some time now.

The interesting thing is that his very first account was the exact opposite. It showed multiple very small losses and then an explosion of profit. This pattern repeated over and over and pretty soon he had doubled his account. Everything since then has been a step in the wrong direction though as far as I can tell. If he could go back and revisit his initial approach it is possible that he could get back on track.

Don't get me wrong, I'm no expert and I am only here because I thought I could learn something of real value. Hopefully we will see supertrader get his system, psychology and risk management in order and in the future show us some fantastic results. I've seen enough to believe he can do it with a bit of composure and a willingness to postbone gratification for a while.
  • #444
  • Jan 22, 2013 3:42pm Jan 22, 2013 3:42pm
Quoting jambolya
Supertrader starts off accounts by managing his risk .....................
Let's see how he responds to this.

Managing risk is the name of the game and this is directly related with patience. It requires great patience to keep on taking blows and resisting temptation of removing all protections going for a knockout in just one blow.
The Thief of Wall Street
  • #445
  • Jan 25, 2013 8:12am Jan 25, 2013 8:12am
jambolya: No this was the account.

Chicky: I have changed system to lower the risk

mmaker: I still am learning.
  • #446
  • Jan 25, 2013 1:09pm Jan 25, 2013 1:09pm
Quoting Supertrader9
jambolya: No this was the account.
Chicky: I have changed system to lower the risk
mmaker: I still am learning.
Don't keep removing your myfxbook link, you can't show a track record if you keep adjusting to make it pretty. You haven't got the maths down and you are doing things randomly hoping for an ordered result. You want to keep drawdowns low, but you don't have a plan to do that.

Let's say I risk 2% per trade. If I had a string of 99 winners and 1 loser, then myfxbook will show drawdown of 2%. However, if I allowed myself to lose 4 trades a day, then when I encountered a bad day with 4 open positions all stopped out, my total loss is 4 x 2% = 8%. myfxbook will reflect that new drawdown.

The next day, I still risk 2%. Again I have 4 open positions all stopped out. I lost 4 x 2% = 8%. But myfxbook will show new drawdown record of 16% because the equity dropped for two straight days.

So if you want to make your myfxbook pretty, and you kept saying you will risk 2% per trade, then figure out how the maths will look like.
No longer trading forex. Looking for full time job.
  • #447
  • Jan 26, 2013 3:56am Jan 26, 2013 3:56am
Quoting mmaker
Don't keep removing your myfxbook link, you can't show a track record if you keep adjusting to make it pretty. You haven't got the maths down and you are doing things randomly hoping for an ordered result. You want to keep drawdowns low, but you don't have a plan to do that.

Let's say I risk 2% per trade. If I had a string of 99 winners and 1 loser, then myfxbook will show drawdown of 2%. However, if I allowed myself to lose 4 trades a day, then when I encountered a bad day with 4 open positions all stopped out, my total loss is 4 x 2% =...
I made the calculation before but i didn't follow the plan.
  • #448
  • Jan 30, 2013 11:40am Jan 30, 2013 11:40am
Quoting Supertrader9
I made the calculation before but i didn't follow the plan.
Just noticed you had a 27.23% drawdown on your new account. Are you going to close it again since it's not as pretty as you wanted? Maybe just ignore the drawdown "statistics" and let this account continue for a while.

http://www.myfxbook.com/most-popular-forex-systems
Most systems are experiencing similar drawdowns as yours so why the obsession with keeping it "low"?
No longer trading forex. Looking for full time job.
  • #449
  • Jan 30, 2013 3:13pm Jan 30, 2013 3:13pm
Quoting Supertrader9
I made the calculation before but i didn't follow the plan.

I have been following your thread from the beginning.

You should be more confident with your plan and follow it. Think what you could achieve in the end, then you will follow it. Of course you must be comfort with the max risk per trade. I think it doesn't cause you worry if everything is under control. Don't ever think of changing the plan or not comfortable with it. Stick to it and monitor your performance, maybe 3 to 6 month later then adjust your weak part of your system. So that you could make your conclusion.
  • #450
  • Feb 1, 2013 3:31am Feb 1, 2013 3:31am
Quoting mmaker
Just noticed you had a 27.23% drawdown on your new account. Are you going to close it again since it's not as pretty as you wanted? Maybe just ignore the drawdown "statistics" and let this account continue for a while.

http://www.myfxbook.com/most-popular-forex-systems
Most systems are experiencing similar drawdowns as yours so why the obsession with keeping it "low"?
I want to attract big 'fish'. Thats why i want to keep it low. I think this time i am going to just trade this account for about 6 months.

Bullbear: Thanks bullbear for your attention Yup i should have a solid plan and follow it.
  • #451
  • Edited 9:27am Feb 1, 2013 3:43am | Edited 9:27am
Quoting Supertrader9
I want to attract big 'fish'. Thats why i want to keep it low. I think this time i am going to just trade this account for about 6 months.
How can you attract any "big fish" if the impression you gave so far was consistently crashing your US$2,500 accounts every 3 days? You didn't leave any Myfxbook up for more than a week before deleting it. Yes, if you keep this one for 6 months then people will know how to scrutinize your history rather than look at the drawdown number. You can also customize the start date on Myfxbook later on when you can keep your drawdown low.

I think you can erase this reputation of crashing-accounts-in-3-days, if you can make this account grow .... and not deleting the Myfxbook again.

At this time, I believe any "big fish" will invest with TPOTrader first instead of you:
http://www.forexfactory.com/showthread.php?t=401187
No longer trading forex. Looking for full time job.
  • #452
  • Feb 3, 2013 6:30am Feb 3, 2013 6:30am
Quoting mmaker
How can you attract any "big fish" if the impression you gave so far was consistently crashing your US$2,500 accounts every 3 days? You didn't leave any Myfxbook up for more than a week before deleting it. Yes, if you keep this one for 6 months then people will know how to scrutinize your history rather than look at the drawdown number. You can also customize the start date on Myfxbook later on when you can keep your drawdown low.

I think you can erase this reputation of crashing-accounts-in-3-days, if you can make this account grow .......
Yes, I will keep trading this account and not delete it anymore.
  • #453
  • Feb 12, 2013 6:14am Feb 12, 2013 6:14am
Inserted Video


I have just bought one of these...
  • #454
  • Feb 12, 2013 6:21am Feb 12, 2013 6:21am
Quoting Supertrader9
Yes, I will keep trading this account and not delete it anymore.
  • #455
  • Feb 12, 2013 10:59am Feb 12, 2013 10:59am
Quoting ~bull.bear~
Thanks bullbear
  • #456
  • Feb 16, 2013 5:45am Feb 16, 2013 5:45am
Try submitting your results to RAPA Cap Into, they allocate venture funds to unknown/budding money managers like you. Let us know what is your RAPA Score.
Attached Image (click to enlarge)
Click to Enlarge Name: RAPA.png Size: 90 KB
No longer trading forex. Looking for full time job.
  • #457
  • Feb 17, 2013 4:35am Feb 17, 2013 4:35am
Quoting mmaker
Try submitting your results to RAPA Cap Into, they allocate venture funds to unknown/budding money managers like you. Let us know what is your RAPA Score.
Thank you mmaker for the info. I am quite sure my rapa rating would be very low. Hehe.
  • #458
  • Feb 17, 2013 4:52am Feb 17, 2013 4:52am
Quoting Supertrader9
Thank you mmaker for the info. I am quite sure my rapa rating would be very low. Hehe.
What happened to your dreams?

Quoting Supertrader9
I want to start a hedge fund one day and therefore i believe to keep drawdowns below 15% is the utmost importance.
Quoting Supertrader9
I want to attract big 'fish'. Thats why i want to keep it low. I think this time i am going to just trade this account for about 6 months.
No longer trading forex. Looking for full time job.
  • #459
  • Feb 17, 2013 11:16am Feb 17, 2013 11:16am
Quoting mmaker
What happened to your dreams?
have you tried adding accounts to rapa? i tried to add mine but can't seems to be successful, it's an interesting site. keep saying add account first then upload report, but done both ways can't work. file is in .htm if i am not wrong.

I admire supertrader for his determination to keep trying again and again, but i am quite curious, what's the total loss he have accumulated so far or profit & loss, gain etc? His current account is doing well for him i guess. But there's inconsistency of lot size = risk, which make it very aggressive/high risk. But its his own strategy and his own money.
  • #460
  • Feb 17, 2013 1:06pm Feb 17, 2013 1:06pm
Quoting 5percent
have you tried adding accounts to rapa? i tried to add mine but can't seems to be successful, it's an interesting site. keep saying add account first then upload report, but done both ways can't work. file is in .htm if i am not wrong.
I admire supertrader for his determination to keep trying again and again, but i am quite curious, what's the total loss he have accumulated so far or profit & loss, gain etc? His current account is doing well for him i guess. But there's inconsistency of lot size = risk, which make it very aggressive/high risk. But...
Filling in the account id or number is straightforward, but when you fill the account nickname, make sure there are no spaces and min 4 characters. If you use two words then fill with underscore instead e.g. ABC_XYZ. After the account is created, then upload the broker .htm.
No longer trading forex. Looking for full time job.
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