Geppy vs. GJscalper - a duel to the death! | Page 72 | Forex Factory

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Geppy vs. GJscalper - a duel to the death!

  • #1,421
  • Jul 26, 2016 9:20pm Jul 26, 2016 9:20pm
Quoting GJscalper
{quote} Worst closed trade compared to floating loss is two totally different things. You may want to look deeper into the stats.
I saw it all. I only commented on the results, which is all that really matters, since the winner of this challenge will win because of results.

I think a 26% draw-down can be serious issue with one's trading approach. However, if it is a sum of a bunch of trades that results in that draw-down it's an entirely different picture than, if someone opens 1 trade and ends up with a 26% draw-down. And risk is something that each individual has to decide what they're comfortable with, in term of overall risk to account, and risk per trade. I don't give recommendations on that...
  • #1,422
  • Jul 26, 2016 9:26pm Jul 26, 2016 9:26pm
Quoting ClipperFX
Hey GJ, doing well. I just think it's interesting to hold some relatively strong positions through FOMC. If his analysis is purely technical, then it is based on normal market moves. FOMC is anything but normal and can cause severe spikes and massive losses. If he is right though, he's going to be sitting pretty with his account at End of NY.
Who said my analysis is purely technical?

Surely not me.

Just some more goons putting words in my mouth. Classic.
check out my blog: forexmademillionaire dot com
  • #1,423
  • Jul 26, 2016 9:28pm Jul 26, 2016 9:28pm
Quoting benaiah
{quote} I saw it all. I only commented on the results, which is all that really matters, since the winner of this challenge will win because of results. I think a 26% draw-down can be serious issue with one's trading approach. However, if it is a sum of a bunch of trades that results in that draw-down it's an entirely different picture than, if someone opens 1 trade and ends up with a 26% draw-down. And risk is something that each individual has to decide what they're comfortable with, in term of overall risk to account, and risk per trade. I don't...
I've said it before, but I'll say it again. You must not invest in the S&P 500 or most equities.

Did you know Amazon had a 90%+ drawdown?

Look up large hedge funds. Drawdowns of 20-40% aren't uncommon. It's only problematic if it happens a lot.
check out my blog: forexmademillionaire dot com
  • #1,424
  • Jul 26, 2016 9:31pm Jul 26, 2016 9:31pm
Quoting Geppy
{quote} I've said it before, but I'll say it again. You must not invest in the S&P 500 or most equities. Did you know Amazon had a 90%+ drawdown? Look up large hedge funds. Drawdowns of 20-40% aren't uncommon. It's only problematic if it happens a lot.
not sure why you responded to me. Risk is something each individual decides for themselves. I did not say anything negative or positive about your risk. It's your account, therefore your risk.
  • #1,425
  • Jul 26, 2016 9:32pm Jul 26, 2016 9:32pm
Quoting benaiah
{quote} not sure why you responded to me. Risk is something each individual decides for themselves. I did not say anything negative or positive about your risk. It's your account, therefore your risk.
I don't know either. I thought this was a forum where you respond to posts that are directed or involve you.

My bad, maybe I just need to put you on iggy so there's no more confusion.
check out my blog: forexmademillionaire dot com
  • #1,426
  • Jul 26, 2016 9:33pm Jul 26, 2016 9:33pm
Quoting Geppy
{quote} Regardless of conditions, my stop loss is determined by technical levels. If anything, tightening my stop would do me a disservice. My expectation is that I will lose every trade I enter. So I have no problem taking my losses. It's part of the game. If I'm tightening my stop lose I'm no longer sticking to my plan. It's doubly foolish to tighten when expecting volatility. Why wouldn't you stick to your trade plan and allow your trade the room it needs to breathe? Also, there's a difference between trading an event and holding trades through...



Sorry Geppy, I misunderstood based on the statement above.
“The most valuable commodity I know of is information”
  • #1,427
  • Jul 26, 2016 9:35pm Jul 26, 2016 9:35pm
Quoting benaiah
{quote} not sure why you responded to me. Risk is something each individual decides for themselves. I did not say anything negative or positive about your risk. It's your account, therefore your risk.
And I'll tell you one thing. I think a real problem with someone's trading is when they a) lose over 26% on one trade and b) manage to do it by just losing 8.8 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-26 19.33.43.png Size: 24 KB


Source: benaiah's trade explorer http://www.forexfactory.com/benaiah#acct.62-tab.list
check out my blog: forexmademillionaire dot com
  • #1,428
  • Jul 26, 2016 9:36pm Jul 26, 2016 9:36pm
Quoting ClipperFX
{quote} Sorry Geppy, I misunderstood based on the statement above.
No need to apologize. It's really my fault for entertaining any sort of dialogue here. I don't know why I keep doing it.

Glutten for punishment, I suppose.
check out my blog: forexmademillionaire dot com
  • #1,429
  • Jul 26, 2016 9:38pm Jul 26, 2016 9:38pm
Quoting Geppy
{quote} And I'll tell you one thing. I think a real problem with someone's trading is when they a) lose over 26% on one trade and b) manage to do it by just losing 8.8 pips {image} Source: benaiah's trade explorer http://www.forexfactory.com/benaiah#acct.62-tab.list
lol, wow...

So, you are really doing this? I admited the mistake in my thread, as I was trying out new method. Do you think I care if you broadcast it to the world, after I already admitted it to the world?

Geppy, I simply wondered why you reponded to me. My comments were not negative, and it seemed like you were getting defensive. And now this? I thought you were more respectful than that.
  • #1,430
  • Jul 26, 2016 9:38pm Jul 26, 2016 9:38pm
Why are you acting hostile? I am sincerely interested in both your trading style and GJ's. I honestly don't care who wins and I give you both credit for doing so. This thread really gives insight into the highs and lows a trader has. I have no stake in either of you, but respect you both as traders. I'd appreciate the same level of respect...
“The most valuable commodity I know of is information”
  • #1,431
  • Jul 26, 2016 9:39pm Jul 26, 2016 9:39pm
Quoting benaiah
I thought you were more respectful than that.
You thought wrong.
check out my blog: forexmademillionaire dot com
  • #1,432
  • Jul 26, 2016 9:40pm Jul 26, 2016 9:40pm
Quoting benaiah
{quote} lol, wow... So, you are really doing this? I admited the mistake in my thread, as I was trying out new method. Do you think I care if you broadcast it to the world, after I already admitted it to the world? Geppy, I simply wondered why you reponded to me. My comments were not negative, and it seemed like you were getting defensive. And now this? I thought you were more respectful than that.
I explained my mistakes earlier in this thread too. Yet you're still babbling on about it.

Funny, people love to dish it out but they can't take it.
check out my blog: forexmademillionaire dot com
  • #1,433
  • Jul 26, 2016 9:44pm Jul 26, 2016 9:44pm
Quoting Geppy
{quote} I explained my mistakes earlier in this thread too. Yet you're still babbling on about it. Funny, people love to dish it out but they can't take it.
But I never said anything about you making a mistake. I never criticized anything about you trading. I only commented on the results which I felt were acceptable for the long haul.

Common man? Seriously?? Is there need for this hostility? I'm not competing with you. I'm not tell you what to do. I'm not the enemy.

If there is anything I said that caused offense, I apologize.
  • #1,434
  • Jul 26, 2016 9:47pm Jul 26, 2016 9:47pm
Quoting benaiah
{quote} But I never said anything about you making a mistake. I never criticized anything about you trading. I only commented on the results which I felt were acceptable for the long haul. Common man? Seriously?? Is there need for this hostility? I'm not competing with you. I'm not tell you what to do. I'm not the enemy. If there is anything I said that caused offense, I apologize.
You said, "I think a 26% draw-down can be serious issue with one's trading approach. "

It was said in the context of referencing my trading.

The irony is you're the one with a 26% drawdown on one trade. But you have the audacity to critique my trading.

Blow my mind.
check out my blog: forexmademillionaire dot com
  • #1,435
  • Jul 26, 2016 9:50pm Jul 26, 2016 9:50pm
Quoting Geppy
{quote} You said, "I think a 26% draw-down can be serious issue with one's trading approach. " It was said in the context of referencing my trading. The irony is you're the one with a 26% drawdown on one trade. But you have the audacity to critique my trading. Blow my mind.
Lol, unbelievable.

I don't recall you having a 26% draw-down with 1 trade. Every time I checked your explorer, you had a whole slew of trades open.

When I made the 26% draw-down comment, I did not know you had a 26% draw down with one trade.
  • #1,436
  • Jul 26, 2016 9:52pm Jul 26, 2016 9:52pm
Quoting benaiah
{quote} Lol, unbelievable. I don't recall you having a 26% draw-down with 1 trade. Every time I checked your explorer, you had a whole slew of trades open. When I made the 26% draw-down comment, I did not know you had a 26% draw down with one trade.
I don't know if I did or not. But the entire context of your post was directed at my trading.

So now you're saying you dropped one sentence about a random % drawdown that didn't pertain to me?

I honestly don't care man. Done with you.
check out my blog: forexmademillionaire dot com
  • #1,437
  • Jul 26, 2016 10:12pm Jul 26, 2016 10:12pm
Ummmmmmmmmmmmmmm. GBP/JPY is moving big time guys. Since you guys have been barking at one another, it has spiked up 150 pips.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,438
  • Jul 26, 2016 10:14pm Jul 26, 2016 10:14pm
Quoting Geppy
{quote} I don't know if I did or not. But the entire context of your post was directed at my trading. So now you're saying you dropped one sentence about a random % drawdown that didn't pertain to me? I honestly don't care man. Done with you.
Hey Geppy, since you have such a short fuse for people who questions you or your trading, why don't you ban members of your pom pom crew who add nothing useful to this thread? I know they are cool with you and all, but if this thread is going to morph into something productive we should really clean it up a bit don't you think.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,439
  • Jul 26, 2016 10:15pm Jul 26, 2016 10:15pm
Quoting GJscalper
{quote} Hey Geppy, since you have such a short fuse for people who questions you or your trading, why don't you ban members of your pom pom crew who add nothing useful to this thread? I know they are cool with you and all, but if this thread is going to morph into something productive we should really clean it up a bit don't you think.
either that or not ban anyone at all...
  • #1,440
  • Jul 26, 2016 10:18pm Jul 26, 2016 10:18pm
Quoting GJscalper
{quote} Hey Geppy, since you have such a short fuse for people who questions you or your trading, why don't you ban members of your pom pom crew who add nothing useful to this thread? I know they are cool with you and all, but if this thread is going to morph into something productive we should really clean it up a bit don't you think.
This thread will never morph into anything productive. Trust me.
check out my blog: forexmademillionaire dot com
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