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Attachments: 50 to 22000 in one week
Exit Attachments

50 to 22000 in one week

Quoting baherhosni
{quote} What Bags is an index now..?! Lets trade Bags then.. I say long Bags
I'm short @2390 till 2000 equity tp1
Quoting HeyYou
{quote} Very dangerous position IMO, I would go long.
How's the long position going?!
pretty interresting to watch his returns.. anyone else sees what iam seeing ?

when vola picks up (retrurns) he is barely breaking even

when its quite he has some amazeballs gains... hmmm...

no need to reverse engineer his trades


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Bag's bouncing of the 61.8 fib ratio. There's hope! Hedging with a long here with tp1 at 11.000
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Quoting PrymeTyme
pretty interresting to watch his returns.. anyone else sees what iam seeing ? when vola picks up (retrurns) he is barely breaking even when its quite he has some amazeballs gains... hmmm... no need to reverse engineer his trades {image}
Sorry, dont understand.
Can you explain better?
Quoting ivanantonio
{quote} Sorry, dont understand. Can you explain better?
He has better results when the market is quiet
Quoting ivanantonio
{quote} Sorry, dont understand. Can you explain better?

his "money management" strategy is what makes or breaks his approach , he changes his lot size based on gains/losses

however what type of MM he is using ie.. negative/positive progression or a mix of thereof , iam not sure

but he tries to follow "trend " whatever he uses to deterimine a trend , in collaboration with a MM which is based on "gamblers fallacy"

there are many forms of progressions

most famous one beeing Martingale .. or D`alambert , labouchere, or even more obscure ones like the 6 point divisor..

however its all from "betting" ... so yea take that for granted...

iam just seeing that if the losses pile up , so does the gains.. ie it is getting extreme.. hence the huge volatility spike in his returns, whre he is barely breaking even..

to make it short..

its not the entries..

but his MM

basically.. "gambling"


cool to watch for sure

just be aware that its not suistanable .. and should only be considered for fun.. and some
Quoting SeaTheStars
{quote} He has better results when the market is quiet
not really ,, probably quite the opposite.. i assume

i was refering to the volatility in his return statements.. wich is huge when he is enduring a losing streak ...
Quoting PrymeTyme
{quote} to make it short.. its not the entries.. but his MM basically.. "gambling" cool to watch for sure just be aware that its not suistanable .. and should only be considered for fun.. and some
Every trade ever taken is a gamble else you wouldn't place stops. Stops are the negative expressions of saying 'what if I am wrong'

I'll bet you have been stopped out a few times therefore you gambled and lost.

What we see here is Bags going for the direction he feels is the correct one and backing that with the prior profits he has made. He is therefore reinvesting his profits for higher returns.

I put it you you then that you are the gambler and Bags is the trader. As for it being sustainable that is just you wishfully thinking it so.
BagXpert, you are good at what you do. Learn to manage your leverage and risk more appropriately, and you will be able to make tens of thousands of dollars a month - and keep it!
Quoting PrymeTyme
{quote} not really ,, probably quite the opposite.. i assume i was refering to the volatility in his return statements.. wich is huge when he is enduring a losing streak ...

Lol not so complex... he's simply pyramiding. Sometimes he's pyramiding with antimartingale, sometimes not.
Out of hole so far. Unbelievable. You go, Bag!
Well done Bags...Hope that has cured your headache.

Strange I had a support on the 5 min chart at 10386 and was willing you to exit there.
Quoting Nala66
{quote} Every trade ever taken is a gamble else you wouldn't place stops. Stops are the negative expressions of saying 'what if I am wrong' I'll bet you have been stopped out a few times therefore you gambled and lost. What we see here is Bags going for the direction he feels is the correct one and backing that with the prior profits he has made. He is therefore reinvesting his profits for higher returns. I put it you you then that you are the gambler and Bags is the trader. As for it being sustainable that is just you wishfully thinking it so.
He wrote on tweeter the objective of the day at noon today.
Did you do so?
Amazing!!!!!
Quoting PrymeTyme
{quote} .. but his MM basically.. "gambling" cool to watch for sure just be aware that its not suistanable .. and should only be considered for fun
Is it gambling, or is the profitability due to it? Is there something to learn here?

Have you calculated the Kelly ratio?

With same entries, and with traditional <2% a trade, where would the account balance have been now starting with 1000 Euros?
practising coitus interruptus
Did he deposit new money (1000€) ?

Last time i was here when he failed after 3 days..


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Quoting PrymeTyme
{quote} his "money management" strategy is what makes or breaks his approach , he changes his lot size based on gains/losses however what type of MM he is using ie.. negative/positive progression or a mix of thereof , iam not sure but he tries to follow "trend " whatever he uses to deterimine a trend , in collaboration with a MM which is based on "gamblers fallacy" there are many forms of progressions most famous one beeing Martingale .. or D`alambert , labouchere, or even more obscure ones like the 6 point divisor.. however its all from "betting"...
Yeah. You have not caught yet. But, you're allowed 2 more attempts.
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