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Tim's £500 marathon. Goal £1 million

  • #401
  • Mar 10, 2015 6:02am Mar 10, 2015 6:02am
Quoting ~bull.bear~
Where is the trade explore ? Why took away ? I challenge your result. Don't worry, i am suffering DD now. lol....
DD is part and parcel of the game. I suffer one when I am emotional down, and it was deep 60% DD. Thankfully, recovered and hit equity high. Keep it up. You are doing great
Make everything as simple as possible, but not simpler.
  • #402
  • Mar 10, 2015 6:20am Mar 10, 2015 6:20am
Quoting hunting pips
{quote} DD is part and parcel of the game. I suffer one when I am emotional down, and it was deep 60% DD. Thankfully, recovered and hit equity high. Keep it up. You are doing great
The question is not IF one is able to hit equity high after a 60% deep DD, but HOW. If one is able to recover within a few trades it simply means overleveraged revenge trading, reflected in a negative pip count, yet new equity highs.
  • #403
  • Mar 10, 2015 6:26am Mar 10, 2015 6:26am
Quoting Robertk
{quote} The question is not IF one is able to hit equity high after a 60% deep DD, but HOW. If one is able to recover within a few trades it simply means overleveraged revenge trading, reflected in a negative pip count, yet new equity highs.
What he mean is equity rise to higher than previous equity with appropriate growth. Of course if equity suddenly jump higher, maybe few trades, then it would really over leverage, and i don't prefer this, as this is gambling. A potential system is eventually the equity will growth, steady with a suitable rate. Sometimes have to let it go the lose, but long run still manage to do better.
  • #404
  • Mar 10, 2015 6:28am Mar 10, 2015 6:28am
Quoting hunting pips
{quote} DD is part and parcel of the game. I suffer one when I am emotional down, and it was deep 60% DD. Thankfully, recovered and hit equity high. Keep it up. You are doing great

Thanks for your positive compliments. You too.
I like to listen DJ music when trade manually to keep my equity up and up...lol
  • #405
  • Mar 10, 2015 6:39am Mar 10, 2015 6:39am
Quoting ~bull.bear~
{quote} What he mean is equity rise to higher than previous equity with appropriate growth. Of course if equity suddenly jump higher, maybe few trades, then it would really over leverage, and i don't prefer this, as this is gambling. A potential system is eventually the equity will growth, steady with a suitable rate. Sometimes have to let it go the lose, but long run still manage to do better.
Hunting P's equity curve shows sudden jumps, removing all DD and hitting new equity highs within a few trades. But getting to think about it, it might actually be part of his positions management or the strategy itself. For example grid trading, including adding of bigger and bigger positions the more south or north price goes. Then when small positions are being closed, his bigger ones might be triggered at the u-turn or n-turn. Thats the only explanation i can give to a negative pipcount with huge sudden jumps in equity curve.

Ontopic, anyway, wondering where Tim went. He was doing just fine in my opinion.
  • #406
  • Mar 10, 2015 6:53am Mar 10, 2015 6:53am
Quoting Robertk
{quote} Hunting P's equity curve shows sudden jumps, removing all DD and hitting new equity highs within a few trades. But getting to think about it, it might actually be part of his positions management or the strategy itself. For example grid trading, including adding of bigger and bigger positions the more south or north price goes. Then when small positions are being closed, his bigger ones might be triggered at the u-turn or n-turn. Thats the only explanation i can give to a negative pipcount with huge sudden jumps in equity curve. Ontopic,...
My account is more like a test to prove that I have an edge. I have never thought it works so well, now into its 3rd month of profitability. That's why the equity growth is quite unstable. I still manual trade when I see good setup, and fast in fast out. This helps to hone my skill in sensing the market movement.
Make everything as simple as possible, but not simpler.
  • #407
  • Mar 10, 2015 7:48am Mar 10, 2015 7:48am
Quoting ~bull.bear~
Where is the trade explore ? Why took away ? I challenge your result. Don't worry, i am suffering DD now. lol....
EEK! You're in a tough pickle with those EU longs.
To maximize your gains you must minimize your losses
  • #408
  • Mar 10, 2015 3:52pm Mar 10, 2015 3:52pm
Quoting ~bull.bear~
Where is the trade explore ? Why took away ? I challenge your result. Don't worry, i am suffering DD now. lol....
Lol, Im still here, I'm suffering from a DD.

I made a stupid mistake by trying to trade of my phone, BAD IDEA! I messed up with the lot size, got it all wrong and lost BIG.

Lost some of my profit, so I basically took a break from trading, but I am back.

Looking to recover the loss slowly and surely.

Never trading from my mobile ever again lol, it cost me.
Trade smart, not hard
  • #409
  • Edited 4:14pm Mar 10, 2015 4:01pm | Edited 4:14pm
Down by -20+%, Account now stands at 761.04 Looking to recover these losses, by sticking to my strategy and not by revenge trading AND NOT BY TRADING FROM MY MOBILE lol.

I was watching the documentary I posted about FOREX traders in London, and I was paying close attention to what Charlie was saying. "You have to be prepared for the knockbacks".

I guess this is my knockback, and I was anticipating for this day to happen. Let's see how I am able to cope with this loss as this is the biggest challenge I have faced thus far.

This will ultimately test my emotion with trading, and we all know as traders that EMOTION is the biggest CHALLENGE. So far, I took a break to clear my head and accept that I have made this loss. I have now come to terms with this tragic loss, but we must look on the bright side as I have not BLOWN my account, which is what the DOUBTERS want to see. We must not let this loss act as a form of discouragement and emotional train wreck towards our trading. We must not revenge trade, trade against our strategy and get upset over a loss. You must understand that this is the reality of trading. Please let us remind ourselves remind ourselves what would happen if we traded recklessly and lost all our hard earned money. Guys, the agenda is still as follows: GOAL: £1MILL

I will take my time by trying to recover these losses, no rush at all.

Shall we...
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Trade smart, not hard
  • #410
  • Mar 10, 2015 4:06pm Mar 10, 2015 4:06pm
Quoting TimTheTrader
Down by 20%, Looking to recover these losses, by sticking to my strategy and not by revenge trading AND NOT BY TRADING FROM MY MOBILE lol. I was watching the documentary I posted about FOREX traders in London, and I was paying close attention to what Charlie was saying. "You have to be prepared for the knockbacks". I guess this is my knockback, and I was anticipating for this day to happen. Let's see how I am able to cope with this loss as this is the biggest challenge I have faced thus far. This will ultimately test my emotion with trading as we...
Keep on keeping on!
Make everything as simple as possible, but not simpler.
  • #411
  • Mar 10, 2015 4:11pm Mar 10, 2015 4:11pm
Quoting TimTheTrader
Down by 20%, Looking to recover these losses, by sticking to my strategy and not by revenge trading AND NOT BY TRADING FROM MY MOBILE lol. I was watching the documentary I posted about FOREX traders in London, and I was paying close attention to what Charlie was saying. "You have to be prepared for the knockbacks". I guess this is my knockback, and I was anticipating for this day to happen. Let's see how I am able to cope with this loss as this is the biggest challenge I have faced thus far. This will ultimately test my emotion with trading as we...
bravo lets do it bro. lets do the best.
step by step reach the goal. i encourage both of you and hunting pips.
we don't predict, we only ride
  • #412
  • Mar 10, 2015 4:18pm Mar 10, 2015 4:18pm
Quoting themanager
Why can't I see Tim's trade explorer?
My trade explorer is now visible. I was on a break from trading.
Trade smart, not hard
  • #413
  • Mar 10, 2015 4:20pm Mar 10, 2015 4:20pm
Quoting hunting pips
{quote} Keep on keeping on!
Right on! Lets make this money now
Trade smart, not hard
  • #414
  • Mar 10, 2015 4:21pm Mar 10, 2015 4:21pm
Quoting cakrajaya
{quote} bravo lets do it bro. lets do the best. step by step reach the goal. i encourage both of you and hunting pips.
Very much appriciated, we shall reach our goal
Trade smart, not hard
  • #415
  • Mar 10, 2015 4:21pm Mar 10, 2015 4:21pm
SOME MOTIVATION

"When you want to succeed, as much as you want to breathe, then you will become successful"

Inserted Video
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Trade smart, not hard
  • #416
  • Mar 10, 2015 4:28pm Mar 10, 2015 4:28pm
Hey mate,

Keep up the good work, a bit of law of averages getting you here but the general trend is still UP!!!! :-)

Also, I would still love to set up a mirror account so I can benefit from your skills, would you mind?
  • #417
  • Mar 10, 2015 4:33pm Mar 10, 2015 4:33pm
Quoting nathanmf
Hey mate, Keep up the good work, a bit of law of averages getting you here but the general trend is still UP!!!! :-) Also, I would still love to set up a mirror account so I can benefit from your skills, would you mind?
Thanks mate,

Unfortunately, I do not know how the mirror/copy trade thing work,If you know how it works I don't mind it as long as I am getting some sort of commission
Trade smart, not hard
  • #418
  • Mar 10, 2015 5:06pm Mar 10, 2015 5:06pm
Quoting TimTheTrader
{quote} Right on! Lets make this money now
Yes, u r right. The market has enough money for the both of us. Hey, keep ur explorer public so that we can keep track. But in the end, respect ur choice.
Make everything as simple as possible, but not simpler.
  • #419
  • Mar 10, 2015 5:12pm Mar 10, 2015 5:12pm
Quoting hunting pips
{quote} Yes, u r right. The market has enough money for the both of us. Hey, keep ur explorer public so that we can keep track. But in the end, respect ur choice.

i like both of you, this competition will encourage both of you and including all people who have a dream.

i love you guys
we don't predict, we only ride
  • #420
  • Mar 10, 2015 7:45pm Mar 10, 2015 7:45pm
Wow,

It is very encouraging to see your progress to making 1 million. By taking little risk like you do, you will make it slowly but surely
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