Give a guy $1000 with 1:500 leverage. Blows account
Give a guy $1000 with 1:50 (or less). Blows account.
Conclusion...
Give a guy $1000 with 1:50 (or less). Blows account.
Conclusion...
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Disliked{quote} Pretty useless to be studying random charts. {quote} I don't believe HFT computers spend all day with TA because TA doesn't make any money. There is no evidence / studies that show doing TA will make you a nickel in positive ROI. I can do TA all day long on random coin flip charts. {quote} The whole point is that you don't know that the trend is down until it actually happens or unless you rely on something other than just past prices. Of course I know that someone can be "right" more than 50% of the time, which is why I refer to win rate...Ignored
QuoteDislikedYou have had accounts that have obviously been blown many times.
QuoteDislikedIf you've been gaining 100%-1000% consistently, you wouldn't bother trying to start off trading with 18 USD.
QuoteDislikedA homeless man on the street has made more than you with all the time you've spent. Why don't you stick with ONE account and stop using custom starts and ages.
QuoteDislikedYour pic is equivalent to a gambler playing the slots, losing for 10 months, then finally winning and then showing off how they won 80 bucks after losing 50 grand.
DislikedOverleveraging is a killer, to be sure. But overpositioning is not the main problem. Most traders lose because THEY DO NOT KNOW HOW TO TRADE ! They look at stupid indicators, run stupid EAs because they're too f**king lazy to study economics , learn market fundamentals, and understand how the game is played.Ignored
Disliked{quote} I don't wanna talking about leverage anymore.. I don't wanna, I don't wanna lol.Ignored
Disliked{quote} Hey Replaced, Are there studies/evidence that the Forex market can be compared with Roulette or Coin-tosses? Or maybe even that the Forex market is random? If so, I would be glad if you provide links and stuff. Thank you!Ignored
Disliked{quote} Correct. I spent about 2 months (if I recall corectly) on demo. It didn't work for me. It wasn't real. So I started learning with a real money. Not thousands, but money I could afford to lose. {quote} My philosopy is different. If you know what you are doing, then you can start with the lunch money. If you don't know what you are doing, then the sum of capital doesn't matter. You are going to lose. My last 5 accounts were in range 500-2500% gain. Before account dies I already get deposit and more out. I call this a progress as I always learn...Ignored
DislikedPardon me, I was not born with the knowledge, I am still learning. {quote} Because I change brokers as some are shit and you don't know anything when you start trading. Second reason is that I learn something new every time account dies so its only fair to use custom start date when you change trading methodology or develop tools that will help you trade (I am doing this part time, I have full time round the clock job so I can not be next to the screen when I want to) {quote}Ignored
DislikedYou are missing the point and your comparison is not in place. You CAN learn market behaviour. If this would not be tue then every next account would not survive longer and would not gain more then previous one. If this would be pure gambling there would be spikes all over the history line, not steady continuous improvement. So I guess in order to prove you are wrong I need to ... what? Earn 1M from 18 USD? What sum would satisfy you? Is there a sum that would satisfy you?Ignored
Disliked{quote} Hello Palabara, I have been away from the computer this weekend. I did however, take the time to read what you have posted, and you are indeed correct. I would like to apologize to you and others for being instant to what "Leverage" is. Especially the fact that if you pick say 1000:1 to leverage, that even if you use a .01 lot size you are still indeed using 1000:1 leverage as compared to 1:1.... So compared to 1:1 leverage which would require say 100,000usd if you use 1000:1 leverage then you would be using 1000x less of your...Ignored
Disliked{quote} Yes there is evidence that short-term Forex is random. The evidence is that HFT will increase liquidity in the marketplace thereby removing any potential to make money from a pattern or strategy. {quote} No, I believe that you're just wasting your time. Why would you remove the deposit instead of decreasing leverage? After all of these years, you still can't afford to lose thousands? How do you know if your successful unless you lay out how much you've gained/lost so far? {quote} You still haven't learned anything if you're going to keep...Ignored
DislikedGive a guy $1000 with 1:500 leverage. Blows account Give a guy $1000 with 1:50 (or less). Blows account. Conclusion...Ignored
Quoting replacedDislikedNo, I believe that you're just wasting your time. Why would you remove the deposit instead of decreasing leverage?Ignored
QuoteDislikedAfter all of these years, you still can't afford to lose thousands?
QuoteDislikedHow do you know if your successful unless you lay out how much you've gained/lost so far?
QuoteDislikedYou still haven't learned anything if you're going to keep on losing money hand over fist. If you do ever make money, it's because you got lucky and not because you've learned anything. You need at least 3000+ trades to see if a trading strategy works, instead you're only showing a tiny window of your trades but not showing the entire picture.
QuoteDislikedHow many trading strategies have you gone through already?
QuoteDislikedGetting lucky at a slot machine doesn't mean anything. All you did was press the button and you finally won a hundred bucks after thousands in loses.
QuoteDislikedWhat's the point in trading with 18 USD? Is that what you have left in your life savings?
QuoteDislikedWhy don't you get a job and double it by working 1 day? That's far better than spending hours staring at a computer screen to maybe double it if you're very lucky. What's the TOTAL amount of money gained or lost? Every single account ever opened.
Disliked{quote} I'll tell you what, replaced. This week I will put up an explorer and start with $50. Now keep in mind, that is only a small % of my forex 'roll". So if I blow it, it's OK. Which is exactly the point I'm trying to make, risk is risk, leverage is leverage, they are two completely different things. So I will be trading with 100;1 leverage, while risking approximately 0.5% of my forex funds. How much do I need to compound that $50 into to get you to understand this is not roulette or coin flipping. How quickly would you like it to be done?...Ignored
Disliked{quote} There is a saying. I don't know it, but there is one lol.. Has to do with you shouldn't do something to prove it to someone else.. Trading is done for someone to earn money, that's what I do it for.. Do I need to prove to someone that this is what I do on a daily basis? well that and homework, and get beaten by my 2 year old, and the rest of the days where just morphs into one big blur, but more to the point.. It seems that Trading is where "egos" come to play, because in no other job do you have to "prove" anything you go to work, you do...Ignored
Disliked{quote} Great post. F*** the explorer, replaced. I don't have anything to prove. As was mentioned earlier, burden of proof is on you to show how forex is even remotely related to your examples of roulette, coin flipping, etc. Hell, earlier in the week, I had to inform you that black does not pay 2 to 1, so you don't even know roulette.Ignored
DislikedIts not like most people lose only in forex. Most people fail in everything. Its because most people are morons, simple as that. This planet is full of morons, nothing more nothing less.Ignored