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EASY 25% p. Month
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Member Since Jan 16, 2010 41 posts
trixifx
May 14 2012 at 14:08
The NZD account seems to have blown up....
Wonder if anybody knows what went wrong there? I thought 25% per month would be easy... |
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Member Since Mar 30, 2011 65 posts
biosko
May 14 2012 at 14:13
It happends what I told :) already on Apr 12 at 15:25 in this topic/discussion.
That he should add 50 or 100 to be safe :) And no I am not visionary but I know how to make calculation :). |
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Member Since Jan 16, 2010 41 posts
trixifx
May 14 2012 at 14:50
Yeah, it was inevitable. Smooth equity curves usually stay smooth until they blow up in a short period of time.
It seems that people who focus only on returns in their trading tend to miss the risk side of things. |
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Member Since Feb 24, 2012 77 posts
TradeCopier2012
May 14 2012 at 14:58
Yes Marcel,
my fault it was. $50 wasnt enough at all for this one. And because of the NU retracements werent strong enough to take some trades to T/P within this downtrend so...... |
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Member Since Jan 16, 2010 41 posts
trixifx
May 14 2012 at 15:05
(edited May 14 2012 at 15:06 )
TradeCopier2012 posted: Yes Marcel, my fault it was. $50 wasnt enough at all for this one. And because of the NU retracements werent strong enough to take some trades to T/P within this downtrend so...... TradeCopier, I don't wish to come accross as 'I told you so', but I really believe that your underlying premise is flawed. Firstly, every time an equity curve is smooth like that, it generally means that you focus on returns and ignore risk. You can survive like this if you tone down your leverage substantially (probably lower than 5% per month) and are willing to accept the occasional month where you are down 50%. I have seen people trade like this before and everyone who did it is not around any more. Another way is to focus on risk, i.e. cut losses very short (0.1% to 1% risk) and aim for gains of 5-10x risk. Your equity curve will look pretty bad, but you will never blow up this way. That being said, most people on here don't wish to trade like that. Edit: and trying for 10 pip stop-losses with massive leverage isn't going to work either. You need to give the trade a reasonable chance of working out, otherwise you will just have zero winners. |
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Member Since Feb 24, 2012 77 posts
TradeCopier2012
May 14 2012 at 15:34
Ya, looks like my system wont work within troubled times like these with small balances.
So let the EU run and have an eye on my 2nd tries to make stable income. Perhaps this will workout time will tell but I know if Greeks are gone and Europe is getting a bit more stable this system will work, of cause with less gain using higher starting balance |
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Member Since Jan 16, 2010 41 posts
trixifx
May 14 2012 at 16:18
TradeCopier2012 posted: Ya, looks like my system wont work within troubled times like these with small balances. And if your balance was bigger? Where would your account be now and how long would you need to recover this loss? Compared to your downside, your upside is very limited. Remember that there hasn't been a really bad price shock here. This is just a normal market gyration. I notice you mention wishing to have stable income. I really think that those type of strategies are flawed. I mean, you could go into the stock market and write puts. In good times, you will have a nice constant stream of income, but in bad times, you will lose ALL your money. Generally the strategies that survive price shocks tend to have very small negative months while the positive months are much better. Consistency doesn't feature, but keeping losses small seems to be a very important focus. |
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Member Since May 15, 2012 247 posts
Dirk (Quick100)
May 19 2012 at 14:49
PipGnostic, I pay your party..... yep, this went into wrong direction. Well, I could blame the greeks for this (I do) because this is not normal market situation.
ANYWAY, it showed me clearly that I had chosen the wrong pair and way. So I changed direction and went for quick gain instead of waiting for trend changing. 2 Days of trading gave me now 37%, 16% and 3 Days 24%...... And using my trading plan this one should go better than most systems... Next step is to setup 2 more accounts between these ones. And yes, this is very high risk, at least the first one, but chosen pair does not reflect the crisis as the Kiwi does or more bad the EU...... ah, as you can see I opened an new account for this...... |
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Member Since May 15, 2012 247 posts
Dirk (Quick100)
May 21 2012 at 18:42
my last post in here...........
failed with the NU for Easy 25%, bad and hard to see that the Kiwi was following the bloody Euro........ Anyway, everything is new now and I´m in hope......again ;-) New Style, New Pair, from Hell (almost 100% in 3 Days) to Heaven (more moderate but workin) so I turned 180 degrees......... Quick 100% And Take It Out!!! |
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Member Since Jul 26, 2011 6 posts
phreakaz
May 23 2012 at 14:19
Easy damage 25%
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