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0 to 10000%: Big RR

  • #41
  • Oct 12, 2015 9:37am Oct 12, 2015 9:37am
Too early to judge. When the goal is to make something like 10K% in a month - it's not possible to use safe money management.

Supertrader, I wish you to achieve your goal and don't ever give up. Even if this account is burnt, then start with a new one and show what you want to.
One more thing which seems many forget: with a goal of 10K% and starting with a small account it is similar to 1:100 risk/reward trade. So, there is nothing wrong to blow several accounts while aiming for such a target. The risk is fixed and the reward is building step by step.
Let's just give more time to OP and I am sure he will achieve his goal.

Regards,
Artem
Let's go with the flow
  • #42
  • Oct 12, 2015 9:40am Oct 12, 2015 9:40am
Quoting artem_t
Too early to judge. When the goal is to make something like 10K% in a month - it's not possible to use safe money management. Supertrader, I wish you to achieve your goal and don't ever give up. Even if this account is burnt, then start with a new one and show what you want to. One more thing which seems many forget: with a goal of 10K% and starting with a small account it is similar to 1:100 risk/reward trade. So, there is nothing wrong to blow several accounts while aiming for such a target. The risk is fixed and the reward is building step by...

Spot on totaly agree

Best regards
  • #43
  • Oct 12, 2015 9:59am Oct 12, 2015 9:59am
Quote
Too early to judge. When the goal is to make something like 10K% in a month - it's not possible to use safe money management....

I get the feeling that Supertrader knows what he is doing. My comment regarding him being over leveraged is based on his goal which is:

Quote
Achieve 10,000% ROI in under 20 trading days or 30 calendar days.

No where did it state that he'd replenish his account if the first account is blown.
  • #44
  • Oct 12, 2015 1:36pm Oct 12, 2015 1:36pm
Trade explorer mysteriously disappeared?
I want to buy PATIENCE
  • #45
  • Oct 12, 2015 2:18pm Oct 12, 2015 2:18pm
Quoting matheszabi
Trade explorer mysteriously disappeared?
0.0
  • #46
  • Oct 12, 2015 9:48pm Oct 12, 2015 9:48pm
Quoting matheszabi
Trade explorer mysteriously disappeared?
There is a chance that his attempt have failed. It's best if he pop-up and explain the situation with the trade explorer.
Different/opposing ideas will make us learn and understand many things.
  • #47
  • Oct 13, 2015 5:03am Oct 13, 2015 5:03am
Quoting Don_xyZ
{quote} There is a chance that his attempt have failed. It's best if he pop-up and explain the situation with the trade explorer.

50% of the account positioned in a single instrument it seemed. I am still interested in his R:R strategy, perhaps next attempt should not be rushed.
  • #48
  • Oct 13, 2015 5:21am Oct 13, 2015 5:21am
win or lose it was a really interesting thread. Come on back Supertrader!
Max
Gravity goes both ways in forex...
  • #49
  • Oct 13, 2015 5:22am Oct 13, 2015 5:22am
Quoting NaughtyPip
{quote} 50% of the account positioned in a single instrument it seemed. I am still interested in his R:R strategy, perhaps next attempt should not be rushed.
It is acceptable as he needs total concentration to make this thing going. So he says anyway...
Different/opposing ideas will make us learn and understand many things.
  • #50
  • Feb 14, 2016 7:27am Feb 14, 2016 7:27am
Last few weeks were full of failures and it was accelerated highly. I was trying to come up with as many theories as i can and tested them as quickly as possible. Finally persistence pays after years of work. I honestly advise people to not trade live before you are sure that your trading will have a positive outcome. There is no luck involved. It is all about calculated risk.

I will be restarting this thread next week. 0 to 10,000%.
  • #51
  • Feb 14, 2016 7:39am Feb 14, 2016 7:39am
Quoting Supertrader9
Last few weeks were full of failures and it was accelerated highly. I was trying to come up with as many theories as i can and tested them as quickly as possible. Finally persistence pays after years of work. I honestly advise people to not trade live before you are sure that your trading will have a positive outcome. There is no luck involved. It is all about calculated risk. I will be restarting this thread next week. 0 to 10,000%.
I wish you all the luck.
  • #52
  • Feb 14, 2016 10:54am Feb 14, 2016 10:54am
Quoting seahorse
{quote} I wish you all the luck.

Thanks mate
  • #53
  • Feb 14, 2016 12:51pm Feb 14, 2016 12:51pm
good to see you back!
good luck
max
Gravity goes both ways in forex...
  • #54
  • Feb 14, 2016 12:56pm Feb 14, 2016 12:56pm
Quoting max pips
good to see you back! good luck max

thanks max. It has been quite a while and quite a few more failures before i could be sure that consistency can be achieved.
  • #55
  • Edited 9:55am Feb 25, 2016 9:38am | Edited 9:55am
I have failed time and time again because i risked too much. Way too much. It shows that no matter how good of a trader you are if you do not exercise proper money management you would certainly fail. I used to risk 20% per position and it led to a broken account. I knew about risk management, it is just that i didn't want to follow it because i was impatient. As a result, I have lost a lot but it is all good because now after so many wrecked accounts i think I have had enough of the bitterness of being impatient.

Now, i am going to go the certain way and manage risk properly. As for high R:R it is the logical way to trade the market. It is a statistical edge and is free for all to wield, yet it is weird how few would wield it.

If you want to be consistently profitable trading the market, design a systematic way to trade the market with R:R as the backbone.
  • #56
  • Feb 26, 2016 1:11am Feb 26, 2016 1:11am
Inserted Video


A Rare Interview with the Mathematician Who Cracked Wall Street | Jim Simons | TED Talks


In case you haven't watched.
  • #57
  • Feb 26, 2016 1:23am Feb 26, 2016 1:23am
Quoting Supertrader9
Last few weeks were full of failures and it was accelerated highly. I was trying to come up with as many theories as i can and tested them as quickly as possible. Finally persistence pays after years of work. I honestly advise people to not trade live before you are sure that your trading will have a positive outcome. There is no luck involved. It is all about calculated risk. I will be restarting this thread next week. 0 to 10,000%.
Good luck.

  • #58
  • Feb 26, 2016 1:24am Feb 26, 2016 1:24am
Thanks GDR3k. You too
  • #59
  • Feb 26, 2016 1:25am Feb 26, 2016 1:25am
Inserted Video


One more.
  • #60
  • Dec 22, 2017 2:16am Dec 22, 2017 2:16am
One more attempt.
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