Gambler trading (with some MM), who says it can't be done? | Page 9 | Forex Factory

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

  • #161
  • Dec 29, 2013 7:45am Dec 29, 2013 7:45am
Quoting Magix
{quote} You troll a trading forum, without actually being a trader... The iggy feature is to keep you from polluting my threads, mikk...you should know this by now, how many others have already layed boot to your ass?
Oh, Maggie...

Didn't you say that thread is exactly for trolls?
The single most important factor is having control of your own life.
  • #162
  • Edited 8:38am Dec 29, 2013 8:03am | Edited 8:38am
Wrong thread chick...
Quoting Chicky
{quote} He just wants to know why it is difficult to produce 10% consistent monthly return with a max drawdown of 20% but why it is logically possible to make 30% a month. Once he gets the answer, will sure boot his own ass.
Nope, my dear

The only thing I wanna know is what you have to do with all these digits [10%, 30% - per month]?

You can't trade that good anyway. What do you know about that to 'logically speak' on this matter? Especially considering you already wrote it's impossible. So you put out here first thing that comes to your very bright mind and then some time passes - you write another stuff - very cool In any case, that's not really the point.

No matter what you write - your advice don't make sense as your full-time result - 3% per year and I bet nobody came here for that, thus I asked you about what you have to do with 30% per month...
The single most important factor is having control of your own life.
  • #163
  • Dec 29, 2013 8:19am Dec 29, 2013 8:19am
Quoting Magix
{quote} There's not enough information to prove that he even has an account demo or otherwise, nevermind actually ever took a live trade. Even the Genesis guys are getting sick of his shit. The fact that he tools around with other trolls with unrealistic market expectations, really no surprise.
Well, I don't see any need in proving it to you as I didn't claim anything in that matter.

Anyway, this has nothing to do with live acc and profitability as you [muppets] simply write crap you have no authority to state and fail to prove it - even if one is a billionaire writing bullshit - this won't make good of it, let alone if it's chicky talking about 30% per month while earning 3% per year, even that - several years ago.
The single most important factor is having control of your own life.
  • #164
  • Dec 29, 2013 8:25am Dec 29, 2013 8:25am
Quoting billytt
I think you need bouncers in this room lol. Does anyone ever speak about trading whether high risk or anything here. Getting back to my question of several days ago, This thread has been open about 7 months, and as getting 3 wins in a row is soooooooo easy to do how many people who have visited here have now retired. Simple question
Me. Oops not allowed to post here.
  • #165
  • Dec 29, 2013 9:26am Dec 29, 2013 9:26am
Quoting claudia1
{quote} Me. Oops not allowed to post here.
lol, I am retired from trading now, my hobby is developing trading strategies and selling them ( 3 up until now) plus I advise my mate ( I say mate) he will sue me if I foul up, be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #166
  • Dec 29, 2013 10:28am Dec 29, 2013 10:28am
We can sit here all day and argue the merits of one system or another, but the reality is that if you have a trading system that can support a high risk trading strategy why wouldn't you take advantage of if and make as much as you can while you can, it would be silly if you didn't.
  • #167
  • Dec 29, 2013 11:21am Dec 29, 2013 11:21am
Quoting endroute
We can sit here all day and argue the merits of one system or another, but the reality is that if you have a trading system that can support a high risk trading strategy why wouldn't you take advantage of if and make as much as you can while you can, it would be silly if you didn't.
this point has already been made, and the point that it is equally silly to risk more just to save time
tradewith60
  • #168
  • Edited Dec 30, 2013 11:17am Dec 29, 2013 2:54pm | Edited Dec 30, 2013 11:17am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
^^^^...smh.....lol...........

endroute you must listen to 60 as he has reached the epoch and apotheosis of all that is FX thus he is the leading authority figure concerning financial advisory and risk

appetite and if you don't heed his advice thoroughly then you are certainly for sure headed to your absolute doom and blown account.......................

Hey Mikk bail out and let them have this thread especially now that chicky which is magic master has entered the building....these two character profiles are the top two

out of the top 5 in all of FF as being known for obtaining the highest level in mastering the intricacies of the dark fell arts that's why they talk so slick dark magic is a

gift to them that they have profoundly grown adept of so now we have the dark grand sorcerer/priest/wizard along with the true leader the dark pontifex himself that

we that is of the light it means we're doing our job right to get noticed and gain the attention of the two top level dark craftsmen/muppets so just bail out turn your back

to them and let them and they legions of minions continue to digest this thread whole and into the black hole that is them....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #169
  • Dec 30, 2013 3:00am Dec 30, 2013 3:00am
Quoting billytt
I think you need bouncers in this room lol. Does anyone ever speak about trading whether high risk or anything here. Getting back to my question of several days ago, This thread has been open about 7 months, and as getting 3 wins in a row is soooooooo easy to do how many people who have visited here have now retired. Simple question
I took some time off but will post here when I get 3+2 in a row. It gives 100-150% per month.

Already got 3 in a row a few pages back (in this thread) with 0.01 lots but this time I'll simply stick to demo account.
  • #170
  • Dec 30, 2013 3:45am Dec 30, 2013 3:45am
Quoting Vitez
{quote} I took some time off but will post here when I get 3+2 in a row. It gives 100-150% per month. Already got 3 in a row a few pages back (in this thread) with 0.01 lots but this time I'll simply stick to demo account.
Hi, that is good to know. I wasn't one for demo trading. Compounding is the way to go as long as you keep your head and trade the plan
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #171
  • Dec 30, 2013 5:35am Dec 30, 2013 5:35am
Quoting billytt
{quote} Hi, that is good to know. I wasn't one for demo trading. Compounding is the way to go as long as you keep your head and trade the plan
My lady I was trying to say that at 1:1 and not over trading it's quite easy to get 3 in a row.
  • #172
  • Dec 30, 2013 6:07am Dec 30, 2013 6:07am
Quoting Vitez
{quote} I took some time off but will post here when I get 3+2 in a row. It gives 100-150% per month. Already got 3 in a row a few pages back (in this thread) with 0.01 lots but this time I'll simply stick to demo account.
if it's easy and demo, stick your explorer up and prove the point, will shut all the naysayers up instantly
tradewith60
  • #173
  • Dec 30, 2013 8:19am Dec 30, 2013 8:19am
Here we go again... folks calling themselves names instead of focusing on what the thread is all about! Like I've pointed out before now, there will always be backers and bashers of every good idea especially if it's difficult to accomplish. So the best thing to do is prove it practically. This is an example of daredevil trading being executed by a marksman trader colleague using his own capital. http://bit.ly/1fVxAxG
I had earlier posted my own statement of very high risk trading. It lasted for about a month, with great success although with lower balance. So whether critics agree or not, it can be done, has been done and is still being done for real.

So let me give both yeasayers and naysayers a clue on how to achieve this:

- support and resistance levels on multiple time frames are your best entry levels
- have a pre-planned and definite exit price before launching a trade.
- risk to reward ratio must be at least 1:2
- make sure that you understand basic math calculations before you embark on such a fatal financial trip
- swallow lots of patient pills to calm your adrenaline for the very bumpy ride
- never use capital you can't afford to lose
From the tips to the dips, it's all about the pips
  • #174
  • Dec 30, 2013 8:32am Dec 30, 2013 8:32am
Quoting 60minuteman
{quote} if it's easy and demo, stick your explorer up and prove the point, will shut all the naysayers up instantly
hey why not! I'll post here when I do it.

btw based from the link you gave us a few pages back it actually makes sense to risk 10% with this type of strategy and YES I believe I can be right more than 55% of the time with only 5-10 trades per month on 1H timeframe

but like you said, let's actually do it with trade explorer and demo account!
  • #175
  • Dec 30, 2013 8:34am Dec 30, 2013 8:34am
Quoting theforexpert
risk to reward ratio must be at least 1:2 -
1:2 or 2:1 ?
  • #176
  • Dec 30, 2013 8:48am Dec 30, 2013 8:48am
Quoting Vitez
{quote} 1:2 or 2:1 ?

I wrote risk to reward so I meant risk (1) to reward (2) in that order.
From the tips to the dips, it's all about the pips
  • #177
  • Dec 30, 2013 9:15am Dec 30, 2013 9:15am
Amen Brotha.....

Quoting theforexpert
Here we go again... folks calling themselves names instead of focusing on what the thread is all about! Like I've pointed out before now, there will always be backers and bashers of every good idea especially if it's difficult to accomplish. So the best thing to do is prove it practically. This is an example of daredevil trading being executed by a marksman trader colleague using his own capital. http://bit.ly/1fVxAxG I had earlier posted my own statement of very high risk trading. It lasted for about a month, with great success although...
SPC * Swollen PocketZ Crew!
  • #178
  • Dec 30, 2013 9:57am Dec 30, 2013 9:57am
Quoting theforexpert
Here we go again... folks calling themselves names instead of focusing on what the thread is all about! Like I've pointed out before now, there will always be backers and bashers of every good idea especially if it's difficult to accomplish. So the best thing to do is prove it practically. This is an example of daredevil trading being executed by a marksman trader colleague using his own capital. http://bit.ly/1fVxAxG I had earlier posted my own statement of very high risk trading. It lasted for about a month, with great success although...
almost sound advice, you do not need 1:2 , I did most of my trading at 1:1 never used leverage and I am now retired. If you use the right method you will succeed
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #179
  • Dec 30, 2013 10:23am Dec 30, 2013 10:23am
I still don't understand why is became acceptable across the retail trading spectrum to expect returns of 1:3 or 1:2 per trade. This is equivalent to 200% (1:2) and 300% (1:3) return per trade per amount risked. Do people really think that is a realistic expectation?

Consider this scenario:
Account Balance: £10,000
Max Risk Per Trade: 1% (£100)
Risk/Reward Profile : 1:3

Now the market has no idea what your account balance is so even though you tell yourself that you're risking 1% of your capital to gain 2%, in real terms you're actually risking £100 capital looking for a 200% (1:2) or 300% (1:3) return on your risk. What other venture can you expect that type of reward consistently (apart from drugs). This is why the professionals say avoid high leverage because it distorts your reward expectancy.
  • #180
  • Dec 30, 2013 10:32am Dec 30, 2013 10:32am
i tend to disagree when i saw apparently misleading posts.

you can 'don't understand', but it is completely doable and reasonable.

it depends on what kind of strategy being used. some great traders, trade 10 trades per year, each trade is 1 : 3 ~ 1 : 10 even to realise 200% or 1000% growth.

you can't say it is wrong since you don't know how.

i don't bother to show you how. all FF threads teaching about S/R, S/D may be a good start.

Quoting TranceTrader
I still don't understand why is became acceptable across the retail trading spectrum to expect returns of 1:3 or 1:2 per trade.
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