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Gambler trading (with some MM), who says it can't be done?

  • #81
  • Dec 20, 2013 11:11am Dec 20, 2013 11:11am
Quoting jen101
Italians never give up! Go away creep, she's already said no
I put him on ignore best you can do. He's only having a laugh. Hey come and say hello on my thread.
  • #82
  • Dec 20, 2013 11:19am Dec 20, 2013 11:19am
Quoting claudia1
{quote} I put him on ignore best you can do. He's only having a laugh. Hey come and say hello on my thread.
Yes, living up to his stereotype lol. I hate to say it, but I know Italians, worked with enough of them... Yes, I'll see you on your thread, instead of spamming this one. Nice to meet another girlie!
  • #83
  • Dec 22, 2013 3:32am Dec 22, 2013 3:32am
If you really want to make big money you need to accept some short term pain,

The longer you try to avoid the pain of losing you will continue to lose, or at least bump along the bottom.

If you just hold onto your winners for a much longer period then you will see massive gains in your profits very quickly.


Just try holding onto all your entries for a week, or 2 weeks, or even a month. Your win rate will probably drop, but your profits will sky-rocket.

"but what about the consolidation, rangy periods" - sure you will find all your positions die during this period, but they will be more than paid for by your huge wins. How will this all in approach fair when the market conditions are unfavourable? you could blow multiple accounts in a week or even a day?

Step back a bit and look at the big picture....
tradewith60
  • #84
  • Dec 22, 2013 5:04am Dec 22, 2013 5:04am
Quoting 60minuteman
If you really want to make big money you need to accept some short term pain, The longer you try to avoid the pain of losing you will continue to lose, or at least bump along the bottom. If you just hold onto your winners for a much longer period then you will see massive gains in your profits very quickly. Just try holding onto all your entries for a week, or 2 weeks, or even a month. Your win rate will probably drop, but your profits will sky-rocket. "but what about the consolidation, rangy periods" - sure you will find all your positions die...
You are correct of course - but it also comes down to the individual and what their objectives are. I trade a number of strategies and different products. For example I scalp spot fx sometimes in seconds (high risk and do get slipped) but do also hold longer positions although rarely more than two or three days. On the other hand I have some equities I have held and added to for over two years (low risk) looking for capital growth and dividend income.

Risk/money management is what it all comes down to. They say 95% of retail 'traders' lose (I'm sure you have read that a million times) and I believe that.

Most start off with little or no knowledge may get a few lucky winners then blow the account again and again. As you say look at the bigger picture.

Good post 60 min.
  • #85
  • Dec 22, 2013 7:24am Dec 22, 2013 7:24am
I've been trading for many years but without much success analysing the market with indicators, news, etc.. perhaps I'm a bad trade with no knowledge about the market. BUT, I've been meddling with some gambling system with money management strategies.. I've just started it and so far it's still in green. I hope it can continues to grow n I believes it will.The most important aspect in trading which I've found out is lies into how we each individual control the lot size we trade. I hope to explore more gambling methods thou.. cheers...
  • #86
  • Dec 22, 2013 9:30am Dec 22, 2013 9:30am
Rags, This thread has been opened for approx 7 months, Surely you should of hit it big time even with 3 wins in a row.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #87
  • Dec 22, 2013 9:33am Dec 22, 2013 9:33am
Quoting Wolf_Wicked
{quote} Hi there Claudia, a wolf doesn't mean to be rude to a lady but I didn't think commercial members were allowed to post in the real members forum?
Ok I didn't know that. Not trying to sell anything anyway but do respect forum rules.
  • #88
  • Dec 22, 2013 9:43am Dec 22, 2013 9:43am
Quoting claudia1
{quote} Ok I didn't know that. Not trying to sell anything anyway but do respect forum rules.

wolfy,, I am ex pro trader. it is ok to visit these rooms but one must keep ones mouth shut zip it ,,, I am referring to myself and one should never ever try and sell things nor go against FF rules
, but some of these rooms are great for a laugh, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #89
  • Dec 22, 2013 9:49am Dec 22, 2013 9:49am
Quoting billytt
{quote} wolfy,, I am ex pro trader. it is ok to visit these rooms but one must keep ones mouth shut zip it ,,, I am referring to myself and one should never ever try and sell things nor go against FF rules , but some of these rooms are great for a laugh, be good
oops not allowed here
  • #90
  • Dec 22, 2013 9:55am Dec 22, 2013 9:55am
Quoting claudia1
{quote} oops not allowed here
yep, lol.. there was no bouncer on the door so I walked in
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #91
  • Edited 10:46am Dec 22, 2013 10:20am | Edited 10:46am
Quoting billytt
{quote} wolfy,, I am ex pro trader. it is ok to visit these rooms but one must keep ones mouth shut zip it ,,, I am referring to myself and one should never ever try and sell things nor go against FF rules , but some of these rooms are great for a laugh, be good
why did you quit billytt, run out of space to stash the cash?
tradewith60
  • #92
  • Dec 22, 2013 10:46am Dec 22, 2013 10:46am
Quoting 60minuteman
{quote} why did you quit billytt, run out of spare to stash the cash?
I didn't quite understand your question, But if you don't trade you don't lose lol. I made money and bought houses then got out. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #93
  • Dec 22, 2013 10:52am Dec 22, 2013 10:52am
Quoting billytt
{quote} I didn't quite understand your question, But if you don't trade you don't lose lol. I made money and bought houses then got out. be good
ahh that would be because i'm an idiot and can't type or spell
tradewith60
  • #94
  • Dec 22, 2013 11:09am Dec 22, 2013 11:09am
Quoting 60minuteman
{quote} ahh that would be because i'm an idiot and can't type or spell
lol, I am sure you are not an idiot whereas I am or I def will be if I start getting involved with FF again lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #95
  • Dec 22, 2013 11:46am Dec 22, 2013 11:46am
60minman: in a few sentences what is wrong with this type of gambling? Seems like you are the only one who doesn't like the idea...

If you have say $1400 and $200 of that for a margin buffer that gives you 12 shots....and you can wait for a long time because you only need 5-6 in a row.

Example:

3 in a row = +$800
2x400/trade
2 in a row = +1600

All together: +1900 if wrong once after 3 in a row +1500


Claudia I'm not Italian....still don't wanna date?
  • #96
  • Dec 22, 2013 1:16pm Dec 22, 2013 1:16pm
Quoting Vitez
60minman: in a few sentences what is wrong with this type of gambling? Seems like you are the only one who doesn't like the idea... If you have say $1400 and $200 of that for a margin buffer that gives you 12 shots....and you can wait for a long time because you only need 5-6 in a row. Example: 3 in a row = +$800 2x400/trade 2 in a row = +1600 All together: +1900 if wrong once after 3 in a row +1500 Claudia I'm not Italian....still don't wanna date?
Hi Vitez.... lets just say, I have actually looked at the statistics, the math....

You are more likely to lose everything than make a million, thats a fact, cannot be disputed i'm afraid...

UNLESS... you have an insane win rate.... In which case you wouldnt even be bothering with this because you would make insane money with sensible MM and some compounding...

THEREFore.... you would only look at this if you were not winning consistently... I guess you can see where i'm going here
tradewith60
  • #97
  • Dec 22, 2013 2:41pm Dec 22, 2013 2:41pm
Quoting 60minuteman
{quote} Hi Vitez.... lets just say, I have actually looked at the statistics, the math.... You are more likely to lose everything than make a million, thats a fact, cannot be disputed i'm afraid... UNLESS... you have an insane win rate.... In which case you wouldnt even be bothering with this because you would make insane money with sensible MM and some compounding... THEREFore.... you would only look at this if you were not winning consistently... I guess you can see where i'm going here
what you say is so true, My forte was compounding and my trades where normally 1:1 and no leverage. For a small trader one has to have balls of steel and a more than positive attitude to stick to the game plan. 3 wins in a row is possible to do on a good day with a decent volatile pair such as e/j-u/j-g/u and oil, the rot sets in when you have to repeat the trade and repeat and repeat and like 60minman says you'll lose ,all the stats/ maths say so. you need the bank to play with
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #98
  • Dec 22, 2013 4:17pm Dec 22, 2013 4:17pm
Quoting 60minuteman
{quote} Hi Vitez.... lets just say, I have actually looked at the statistics, the math.... You are more likely to lose everything than make a million, thats a fact, cannot be disputed i'm afraid... UNLESS... you have an insane win rate.... In which case you wouldnt even be bothering with this because you would make insane money with sensible MM and some compounding... THEREFore.... you would only look at this if you were not winning consistently... I guess you can see where i'm going here
From my example you would only need 5 wins in a row and if you are wrong after 3 wins you still get $1400...most of us don't need more than that per month....

Let's say one is wrong 4 times you still get $1000. And that is with only 5 or 9 trades. In my example one would stop trading after +$1000 or more in profit...which is 71% if you have $1400
  • #99
  • Edited 5:18pm Dec 22, 2013 5:02pm | Edited 5:18pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
the mavericks and cavaliers of the world will always be attempted to be crucified and

slayed first by the other side of your average darkness and it's mainly because the brave

ones duty is to lead the charge and pack against them and they will be the first ones seen

by their polar opposites....I'm just discombobulated by all the dark morbid minds who thoughts

are fleeting from the fact that the brain is meant to be creative, innovative and not limited to any

sort or type of restrictions....and the 1st rule of thumb is don't let those who are subject to their

own average demarcation(boundaries) and rules that they have accepted for them self but it was

sent from outer 3rd parties remember? don't let them wear off on you because you will be always

against their grain mold and build(size model) and you will always come off across as incomprehensible to them ....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #100
  • Dec 22, 2013 5:11pm Dec 22, 2013 5:11pm
Quoting Vitez
{quote} From my example you would only need 5 wins in a row and if you are wrong after 3 wins you still get $1400...most of us don't need more than that per month.... Let's say one is wrong 4 times you still get $1000. And that is with only 5 or 9 trades. In my example one would stop trading after +$1000 or more in profit...which is 71% if you have $1400
Like I was saying If your trading supports 10% risk then you have nothing to be concerned about, if not it is only time until you lose it all.
tradewith60
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