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Can I recover trades with only 10% equity left? Please help!

  • #101
  • Nov 28, 2014 2:38pm Nov 28, 2014 2:38pm
Pardon me for interrupting you guys, but if all positions are hedged it means Bender just paying swap on his balance.
Close positions or open - equity is the same. Am I missing something here? What is the point to keep positions open?
To unhedge he is actually going to trade. This is false knowledge if one thinks he knows when to unhedge what position. He is going to fool himself and lose again.

BenderTrader! To your question - yes, it is possible to rebuild account even from few hundred bucks. Yet, you have to step back and analyze you mistakes, relax and trade again.
  • #102
  • Nov 28, 2014 2:42pm Nov 28, 2014 2:42pm
Quoting stewrigh
Just when I thought this was a serious thread. {quote}
hehehehehehe

You've just hit the spot ...
wasting time = wasting money ...
Don't swim with the sharks ...
  • #103
  • Nov 28, 2014 4:09pm Nov 28, 2014 4:09pm
Quoting tigerbalm
Totally agree to BenderTrader. You hedge at proper timing. You use profit from hedging in order to rid off some loss etc. Fun to me. Like i am doing with EUR/JPY right now. lol. Good luck to you.
It's not hedging it is called "position locking" http://www.tradefort.ws/glossary/Locked_position
  • #104
  • Nov 28, 2014 4:58pm Nov 28, 2014 4:58pm
Quoting BenderTrader
{quote} Thank You for the faith...makes all the difference
if itīs a real account with a 90% loss, 93.000 left (own capital) and you are asking for help, my advice is this:

close all open positions.
buy stocks (if you donīt know stocks, msci world etf or dax+s&p), wait 10 years and with a gain of 7% expected (3% dividend payout atm for dax companies) app. each year on average, you will be out of trouble.
unlikely? the only thing thatīs for sure you are not able to trade (due to the 90% drawdown)

all the best
d1
fortis fortuna adiuvat
  • #105
  • Edited 9:41pm Nov 28, 2014 9:22pm | Edited 9:41pm
Quoting hanover
{quote} As usual, people misread a post and jump to their own conclusions, ............. (A+B)+C = A+(B+C) = A+B+C ..
True. Just to add that "Hedging" as I know it is quite different from Counter Trades. If one is "Hedging" by opening counter trades with the same pair, has no use only to extent that original trade remains visible and can be tracked. I do have a note book, but sometimes may want to see my benchmark trades on the same chart and for that pay the double spread. But if someone is hedging with a different pair, the values, acceleration and deceleration of all A,B,C keep on changing/floating so that there is no fixed value of each of them. In this scenario (A+B)+C = A+(B+C) = A+B+C is valid only at one particular point of time and may change the next minute and therefore the sum total of (A+B)+C = A+(B+C) = A+B+C at one point of time, may not be equal to sum total of (A+B)+C = A+(B+C) = A+B+C at a different point of time. In other words, temporal analysis is possible only with revised values.
The Thief of Wall Street
  • #106
  • Edited 9:36pm Nov 28, 2014 9:26pm | Edited 9:36pm
Quoting deltaone
{quote} if itīs a real account with a 90% loss, 93.000 left (own capital) and you are asking for help, my advice is this: close all open positions. buy stocks (if you donīt know stocks, msci world etf or dax+s&p), wait 10 years and with a gain of 7% expected (3% dividend payout atm for dax companies) app. each year on average, you will be out of trouble. unlikely? the only thing thatīs for sure you are not able to trade (due to the 90% drawdown) all the best d1
Now, if my demo account could recover 40% in a week from negative 70% to negative 30%, anything can happen. All he needs is two successes with 1:10 risk rewards. Almost a gamble, but doable............. All he needs is not to get trapped in the market noise ......... timing of the trades should be perfect.

Has anyone every conducted a study looking to see what time of the day and sessions most highs or lows of the days are hit? I wonder why people don't do their homework before objecting to this kind of remarkable methods: http://www.forexfactory.com/showthread.php?t=405
The Thief of Wall Street
  • #107
  • Nov 28, 2014 10:08pm Nov 28, 2014 10:08pm
Quoting BenderTrader
Can accounts be traded with only 10 % equity - have so many bad trades opened at 1.3600 on EUR USD Long - Help please anyone The accounts involved have large sums - Please any help is needed
There is chances that you could recover such an account that is if its live account.
my advise it closing all current position as soon as the market opens.
and study forex from the scratch.
and also try and invest the rest on a successful pamm manager/trader while you learn forex again.
Hope this helps?
  • #108
  • Nov 28, 2014 10:12pm Nov 28, 2014 10:12pm
Quoting Chicky
{quote} True. Just to add that "Hedging" as I know it is quite different from Counter Trades.......
Rightly or wrongly, I gained the impression that the OP was "hedged" in EURUSD only.

Re (A+B)+C = A+(B+C) = A+B+C, my point was that the total P/L of any three component trades (A,B,C) is always the sum of the P/L of each individual trades, no matter how the trader groups the trades in his own mind (e.g. A and B are "scaling in" to the "same" trade).
  • #109
  • Nov 28, 2014 10:45pm Nov 28, 2014 10:45pm
Well, some folks doubt the thread is real.

Anyway, the opinions to close the "red" trades imply that you need to rebuild your account from 10% to 100%. But technically this is not true, because if the EU pair start to climb you account would quickly regain huge percentage and give you room for maneuver.

And why you did not used progressive hedging positions to at least partially "bail out" the loosing trades?
  • #110
  • Nov 28, 2014 10:46pm Nov 28, 2014 10:46pm
I have brought my 10k account to 1k and again to 10k. It's possible but I had to risk 5-10% of my balance on each trade. So it's risky, not recommended.
  • #111
  • Nov 28, 2014 10:48pm Nov 28, 2014 10:48pm
Quoting hanover
{quote} Rightly or wrongly, I gained the impression that the OP was "hedged" in EURUSD only. Re (A+B)+C = A+(B+C) = A+B+C, my point was that the total P/L of any three component trades (A,B,C) is always the sum of the P/L of each individual trades, no matter how the trader groups the trades in his own mind (e.g. A and B are "scaling in" to the "same" trade).
Oooooops! I thought you were referring to hedging and A,B and C were the pairs. My bad................. It proves your point of jumping to conclusion before reading the full post. This gives me yet another idea for my book, maybe a new whole new chapter. Thanks.
The Thief of Wall Street
  • #112
  • Nov 28, 2014 11:56pm Nov 28, 2014 11:56pm
At lot of interesting replies in this thread. The OP has not told how he has hedged or locked his positions. If he has them locked similar to a grid, he can dig himself out as the market fluctuates between the high and low of his grid. If he has many positions clustered around specific price levels, then he is in serious trouble unless he gets very lucky, and he should start scaling out in a recovery type method.

OP, no one can really help you unless we know how you are positioned.

If you are not willing to share that. That's okay. Start anew with the 100k remaining and follow what stt had to say. While you follow that method some of your prior positions will come into profit and you can just close them out. I do hope your position sizes are rational. Of course, rational is different to everybody.
If you are good at something, never do it for free--Joker
  • #113
  • Nov 29, 2014 12:43am Nov 29, 2014 12:43am
Quoting BenderTrader
Can accounts be traded with only 10 % equity - have so many bad trades opened at 1.3600 on EUR USD Long - Help please anyone The accounts involved have large sums - Please any help is needed
I want you to remember this key level@12185 which is the next definitive resistant level. If this level is breached then we are looking at the next lower level which is at 10550 which I personally think its highly unlikely. With this key info I will leave it to you to scale in/out of your negative position until you square off or even end up with profits if you know how to manage it well. At the very least you know price will eventually go back to your level and beyond if the level holds or you can scale out of every retracement if that level is breached. The only downside is pain, time and swaps which you have to put up for this mess you got yourself into.

I am taking a chance with my advice and hope everything works out well and good and good luck......

GS
  • #114
  • Nov 29, 2014 1:47am Nov 29, 2014 1:47am
Hi all,

If you want to help BenderTrader, I think we you advise a currency pair just reversal the trend (medium term) and help him to follow the trend with his current 10% equity. As my opinion the pair EUR/AUD just reversal the trend few day ago. if it is right I think he can recover about 30 - 40% in next few month.

Please recommend any currency pair just reversal the trend and advise him how to follow the trend.
  • #115
  • Edited 9:58am Nov 29, 2014 4:08am | Edited 9:58am
Why is it that in the forex when people claim to be making a lot of money, they show no proof; but when they lose it's always real loses.
Just the tip of the retail forex iceberg, perhaps ... ?
Somehow, in the real world, it's a lot easier to reduce an account by 90 % than to increase it by 900 % in the same period of time..
Then if 900 % is impossible, surely - at least - 1 % must be easier; that is the only solution IMHO
  • #116
  • Nov 29, 2014 4:49am Nov 29, 2014 4:49am
Quoting BenderTrader
Can accounts be traded with only 10 % equity - have so many bad trades opened at 1.3600 on EUR USD Long - Help please anyone The accounts involved have large sums - Please any help is needed
Hi there BT - I feel for you. But to tell you the truth - lets think that if ur thinking of this as a passive income - IT IS POSSIBLE. I myself am in a situation where I lost 1/3rd of my account overnight and I realised the mistakes I had made. My 2 cents which can help you:

1. Pls dnt buy maximum number of units available for a single trade. Distribute your trades.
2. use lot system to buy. E.g. U sold USD/JPY at 106 and now see the price has gone up to 118. The best thing to do is watch for the pair to get stable and try shorting again at a higher region to sort of average out.
3. Analyse - Some of the guys out here are really good. They give good tips and advice. Follow them. I have been doing the same. Got a few indicators on the metatrader 4 through discussions here. They seemed to work well.
4. Look at most common pairs and only play in those. For example choose 4 pairs and only focus on them.
5. And most important - dnt panic when you see the trade going against you. Keep calm and just average it out.
6. Train your mind. Aim for 20-40 pips only per trade. And mentally stand by your virtue. Remember to put bids and dnt be greedy if you got it! Your trade is successful and you have won the game.

I hope that helps. I really sincerely wish to see nobody loses money here. Take this up as a challenge and win it. Play it like you play playstation.

All the best
  • #117
  • Edited 5:44am Nov 29, 2014 4:58am | Edited 5:44am
Quoting hanover
{quote} As usual, people misread a post and jump to their own conclusions, along with the usual ad hominems and assumptions ("you don't understand.... you need the right mindset....") without offering any real proof. Nobody is being negative or saying that "it doesn't work". If I understand correctly, dancingphil and nanningbob are examples of traders who use "hedging" and are profitable. What is being said is that simple math demonstrates that "hedged" positions can always be replicated by single positions, for identical P/L. This topic has been...
Hi Hanover, Think I understand your views on hedging or locking but think a lot of your conclusions are based on the assumption that if we make perfect calls, being either just long or short at the right time is better than hedging/locking and I agree with that but we don't live in an ideal world and rarely call exact turning points..

For instance I have been long a silver forward contract(no swap) since abt 22 and have added a couple more since then. My view is that silver will not go to zero so it will(eventually) find a bottom and resume an upward trajectory - my problem is I don't know when that will be and I may not be there to catch the bottom.

So the only way I can catch the bottom is if I am already in but I also want to bank any profits on the way down so I keep selling and taking profit on the shorts but leave the longs alone. Yes in an ideal world I should just be short atm but I ''know'' that silver will turn and cannot go to zero.

Not sure I would do this on any other currency pair(apart from Yen crosses maybe) but with PM's there is going to be a bottom and it cannot be far away lol.

Appreciate your thoughts.
  • #118
  • Nov 29, 2014 5:15am Nov 29, 2014 5:15am
Investors money, your own invested money(from bank account), or the result of your account growing over time? No offense but i find it hard to believe that you seek for help with this amount of money involved (unless you attracted external money from investors or invested money yourself). Any trader trading these amounts should know the answer him/herself...

You are asking the obvious here.. Should have closed your hedges ages ago, if not done yet do it now and focus on the future. Otherwise it will cloud your judgement on any further trades.
  • #119
  • Nov 29, 2014 5:22am Nov 29, 2014 5:22am
Quoting Robertk
Investors money, your own invested money(from bank account), or the result of your account growing over time? No offense but i find it hard to believe that you seek for help with this amount of money involved (unless you attracted external money from investors or invested money yourself). Any trader trading these amounts should know the answer him/herself... You are asking the obvious here.. Should have closed your hedges ages ago, if not done yet do it now and focus on the future. Otherwise it will cloud your judgement on any further trades.
The OP posted this on 27th - Not sure this guy is serious or just incredibly rich and/or money is no object or maybe its just a spoof.

Quoting BenderTrader
{quote} Hi Can someone on here please put up the rules for me step by step what I should look for when taking a trade - Thank you
  • #120
  • Edited 5:41am Nov 29, 2014 5:27am | Edited 5:41am
He he he .....

If it were real money, there's no way to have that many open positions of that size .....

You figure it out why .....

Someone must be laughing his a** off enjoying beer while reading the responses ........

Once in a while someone will show up with this prank - this is not the first time

hahaha

Edit: you removed the post with screen capture after you are busted Is this a new marketing strategy?

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