Help Me Grow My Account!! I'm about To Lose My House :-( | Page 5 | Forex Factory

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Help Me Grow My Account!! I'm about To Lose My House :-(

  • #81
  • Oct 28, 2016 10:33am Oct 28, 2016 10:33am
Quoting bondo
{quote} Wow!! Impressive, I imagined you got a GOOD training and good trading plan to master that profit. Thank you for sharing.
Lol... i don't have a good trading plan. But can say that i do have a good training, since i have 7 years of experience of keep blowing my account. LOL......But no more blown my account now since this year. In the past, i do a lot of homework, research, coding for EA, indicator, scripts to test strategy and market pattern. Yes, it prove that it has certain pattern, and do have average pips distant for a pattern to be happened, and EA is just to capture this distant, as it shows certain probability. However, this does not work forever. I notice markets pattern will change once a period of time.

Whatever is it.....all commercial EA are bullshit. It wont work forever. All strategies are also bullshit. I believe the only EA work forever is could handle events like economy crisis, and since i am coder, i am still planning for this, but it is not easy.

I am trading manually now, and any price can be long/short, it is all about mindset and psychology. Of course i would long/short at major support resistance price since i know well the probability at this area, and combine with money management (Averaging down) is good to sustain my account. I do not use stop loss and i do not monitor it all the time and i don't even scare of it.

My philosophy to keep my account sustainable is...
1. The money in my account is just for fun, if i burn my account, i treat it as my holiday expenses. But this is impossible now because of point 2 below.
2. To handle worst case scenario, must let go some losing position if know the price won't come back. This works well if know wave and pattern, it is fixed.
3. The target for every single position is few pips only, almost all the time target is hit.
4. To enhance the point 2 above, i am testing hedging method by using LIVE account. Like another way to handle worst case scenario and earn more pips.

The 2nd points is very important, because worst case scenario can be handled, this means that my account will not be bankrupt.
  • #82
  • Oct 28, 2016 12:09pm Oct 28, 2016 12:09pm
Quoting ~bull.bear~
{quote} Lol... i don't have a good trading plan. But can say that i do have a good training, since i have 7 years of experience of keep blowing my account. LOL......But no more blown my account now since this year. In the past, i do a lot of homework, research, coding for EA, indicator, scripts to test strategy and market pattern. Yes, it prove that it has certain pattern, and do have average pips distant for a pattern to be happened, and EA is just to capture this distant, as it shows certain probability. However, this does not work forever. I...
I totally agree with you. What surprises me again and again that this kind of threads have thousands of comments. But when I start a topic about long-term profits there is almost no interest. And I didnt even ask for funds or anything. I just wanted to spark a debate on some serious trading, not gambling.
  • #83
  • Oct 28, 2016 1:26pm Oct 28, 2016 1:26pm
Quoting bondo
{quote} I cannot begin to try to test that "cock drop" system because mine do not touch the floor let alone my knees. Come up with a REAL winning strategy for me please!! Thank you.
..you asked for a strategy and that's what i use...not my fault i'm gifted
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  • #84
  • Oct 28, 2016 2:03pm Oct 28, 2016 2:03pm
Quoting bondo
{quote} Sorry AntiVi but quitting is not an option right now, I will have to make it work otherwise all this sacrifices will be for nothing. If I find positive information and mentorship I can make it through, people like you who can lend a helping hand. Thank you.
I never told you to quit trading. I just said you should get your life in order first.
Then get an education and try again.

You clearly don't know what you're doing and you're relying on others to do it for you.
That's not going to work.

That thread you're talking about the 50 to 22k one. That could be all luck for all we know!
There is no proof he's been able to do this consistently.
It was meant as a challenge. Not an actual long term profitable business.
Did you see the losses he made?
Did you see the giant amount of risks he took?
It's not a good way of trading and he may have lost all of his money doing this.

Doing what you're doing now will only dig your hole deeper.


-AntiVi
  • #85
  • Oct 28, 2016 2:03pm Oct 28, 2016 2:03pm
Quoting kraven
{quote} ..you asked for a strategy and that's what i use...not my fault i'm gifted {image}
I'll have to borrow your penis one day LOL ahaha
  • #86
  • Oct 28, 2016 2:14pm Oct 28, 2016 2:14pm
Quoting AntiVi
{quote} I'll have to borrow your penis one day LOL ahaha
My mother warned me about boys like you AntiVi lol
  • #87
  • Oct 28, 2016 2:48pm Oct 28, 2016 2:48pm
Quoting kraven
{quote} ..you asked for a strategy and that's what i use...not my fault i'm gifted {image}

That is some good trading here man. Would you care to open TradeExplorer on that system. Would love to see how it goes further.
Keep it up.
  • #88
  • Oct 28, 2016 2:52pm Oct 28, 2016 2:52pm
Quoting kraven
{quote} ..you asked for a strategy and that's what i use...not my fault i'm gifted {image}
Impressive, that is 1 crazy Cock you got man!!
The courage of an ANT!!
  • #89
  • Oct 28, 2016 3:09pm Oct 28, 2016 3:09pm
Quoting AntiVi
{quote} I'll have to borrow your penis one day LOL ahaha
Eww
  • #90
  • Oct 28, 2016 3:22pm Oct 28, 2016 3:22pm
Hello Bondo...I have been reading your thread and have thought about this a great deal. If you will accept my help, I will provide it to you, here in this public forum, step-by-step. I'm sure you know by now that you will most likely not be profitable enough, quickly enough to "save your house". But with some work on your skills, AND yourself, I would like to try to help.

I make this offer because (1) I would sincerely like to help you if I can, and (2) I am confident there are many out there reading this thread that are in a similar situation and would like some "free" advise. I do not make this offer lightly and have considered many things about this but as this is public and a free and fair offer, I thought you might like to at least try.

Many here have offered advise, some of it quite flip, and others just plain ridiculous. However if YOU are willing to work...HARD, and devote at least 3 hrs every day to study, I will try to help you if I can. What's the worse that can happen...it would appear you have already lost most of your capital. I offer you a way to preserve that capital, add to it, and grow what you have. It will NOT be easy or quick, but I will help.

As well you and I will both lay bare our individual styles of trading. I will ask you about yours, as I am sure you will ask me about mine. I do not claim to be a "guru" or offer any kind of "proof" that I am anything more than just a guy like you, who had to sell his house, car, motorcycle, wife (just kidding), to get back into the game. I support myself trading so, if I am not profitable, I do not eat.

What do you say? What more have you got to lose?
@xxxx§|[::::::::::::::::>
  • #91
  • Oct 28, 2016 5:49pm Oct 28, 2016 5:49pm
Hi! I am sorry that you are in suffering. I know the feeling and know that it can get to you as a veil on your mind. Indeed you see the fog, but how can you cut it?
Let me tell what I am doing Now and which seems to help.
I like to parralel fx to the zen proverb below:
"since it is all too clear, it takes time to grasp".
take a step back
I am now reading Market Wizzards book and oh boy I wish I read it earlier. It provides a very insightful experience into top traders success.
Also, since I saw somebody mentioning scalping, a book that I would recommend And give it a shot here is Bob Volman's Forex Price Action Scalping and you will see there how a proffessional trader takes the approach of scalping for a living. I am sure that you will find it worthwhile. In the ending, just remember: there is no nemesis. The only constant is you. Have fun trading!
  • #92
  • Oct 28, 2016 6:15pm Oct 28, 2016 6:15pm
If you wish to get started making consistent profit or at least 90% of the time, try studying the market at the start of the Asian, UK, and USA session. Most of the time they are breakouts. I personally trade the start Asian, UK and the start US session. In the Asian session the breakout occurs almost immediately or 30minutes before. The Uk session has no been consistent of late. And in the US the breakout occurs within the first two hours. Of all the USA session is the most profitable for me so far. Try studying the chart over the weekend and try applying price action on them, the basic support and resistance. Observe the market for a week and you will see how the market behaves at these times. then u can resume trading
the bigger the raise the bigger the fall
  • #93
  • Oct 28, 2016 8:48pm Oct 28, 2016 8:48pm
What most of you don't seem to realise is that this person is either a troll or even worse a scammer. Maybe there are some kind-hearted but gullible people that will offer to send some money.
In his 1st post he claims that his account balance is 50 Pounds, but shows an image that clearly shows equity at 20 Pounds.

As trades since then have all lost
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we can assume that the quity is even lower.
But let's say that it is 20 Pounds
All time loss is showing as 41%
Now a 50 GBP account that loses 40% would lose 20GBP and have equity of 30GBP,
This means that the starting balance was less than 50GBP and most likely 20 or 25
The account has been running for 87 weeks, so does this level of loss really suggest losing ones house etc??
Please Do Not PM Me With Coding Enquiries
  • #94
  • Oct 28, 2016 9:01pm Oct 28, 2016 9:01pm
BWforex!
You have good intentions of trying to help him. I applaud you. Sometimes people are desperate for help, and you offer. Very nice of you.
I will download your indicators and try your system. Like him, myself, i am a bad trader. Hope I can profit from your system too.
  • #95
  • Oct 28, 2016 9:11pm Oct 28, 2016 9:11pm
Quoting kraven
{quote} ..you asked for a strategy and that's what i use...not my fault i'm gifted {image}
Impressive results! What system do you use, and how do you trade?
  • #97
  • Oct 29, 2016 12:20am Oct 29, 2016 12:20am
Quoting pipshaman
Namaste!!! With all respect guys, trading and especialy trading forex is simply not for everyone. The number one rule in forex is not to trade with the money you can't afford to lose. The second rule, there is no easy way to make money in forex. Bondo I simply don't know how you can recover your lost money when you only have 50GBP left in your trading account. Now, my long stress with the EA's-if an EA is realy that good why anyone would sell it, it does not make any sense, I mean, if you own the Golden Goose why would you...
I humbly submit this is false (like all the tenets and axioms of proper trading).

The number one rule in forex is to trade with money you cannot afford to lose.
  • #98
  • Oct 29, 2016 5:45am Oct 29, 2016 5:45am
Quoting Noorx
Hello. Is this a joke? If its not, then I really advise you to close all your open positions and think about this for a second. You've probably blown up a $2k account, and regret it more than ever. You have 70 USD left in it and need some advice. I know, I've been there but I haven't blown that much money. Still here? Ok... You probably have an EA, a load of indicators on your chart. I will tell you to remove that EA and chart (if you have one) and focus on 2 indicators, which are the default RSI and the Price Action. Keep that money inside, I don't...
Personally, I don't think it's a good idea to trade only EURUSD right now, given the US election looming / pending rate decision in December. Plus EURUSD has been side-way for almost a year now. Better not touching this pair until next January when the fog is much clearer.

@Bondo: I agree that you should take a break from trading and focus on your main life/job/family. Take it as a hobby for now and come back in once you are more "seasoned". I once have been in your situation and completely go back to demo account and focus on my day job. As the James Bond's movie: "Die another day"
  • #99
  • Oct 29, 2016 6:37am Oct 29, 2016 6:37am
Quoting Mingary
{quote} I humbly submit this is false (like all the tenets and axioms of proper trading). The number one rule in forex is to trade with money you cannot afford to lose.
Number one rule - have other income (as theres 99% chance you will fail long-term). Number two rule - make more money than you lose (self-explanatory). Number three (very important) - do not let others tell you what are the rules
  • #100
  • Oct 29, 2016 10:15am Oct 29, 2016 10:15am
Quoting Mingary
{quote} I humbly submit this is false (like all the tenets and axioms of proper trading). The number one rule in forex is to trade with money you cannot afford to lose.
I dont know if you are being sarcastic or if you are serious. Assuming you are serious, then it is really strange and illogical advice. Money that I cannot afford to lose would include things like children's tuition, money for emergency medical purposes, life savings, a loan against property etc.

Are you suggesting that trading with "scared money" will somehow magically transform a trader from a loser to a winner? You are advocating a fantasy that will never come true. In fact, it might actually induce a heart attack from losing that kind of money. I personally know someone who traded the stock market and lost ALL his life savings. His living conditions would have been much better if he had only risked a small part of that amount.

Trading is inherently risky, even if someone has 99% win rate strategy and therefore, we should only trade with money that we CAN afford to lose and still keep our heart beating.
In other news: A ranger was trapped between a bull and a bear
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