I just hate those money managers who are awaiting quietly for the margin call.
At least he proved he can accept losses which was main reason for my criticism and I want to apologize for that.

ranesh posted:
    forexma posted:
    I just hate those money managers who are awaiting quietly for the margin call.
At least he proved he can accept losses which was main reason for my criticism and I want to apologize for that.



Ok Solar... I don't like any unpleasantness either. Your apology is accepted on the assumption that an apology for badly accusing me of being someone else is also forthcoming.


I apologize for that as well.

But I keep thinking that a money manager should disclose his open trades, history and broker and update more frequently(at least once a day). There are too many hidden things about you which is not the right way to attract investors.

For me w/o history is hard to 100% understand the strategy behind the results. I would describe it like that: the history gives me the missing 20% of information about a strategy.

Nice growth!

1.
Just to clarify - ur calculation is incorrect. The reason u see a difference in ABS Gain and Cumulative gain is because of profit withdrawals as well as new deposits. Check the relevant section here on fxbook on how the 2 figures are calculated. U should be using the cumulative %gain in your calculation.

So this PAMM account is in overall profit and not at a loss of 6% as you say.

2.

This other person you are talking about must be Ben Smirts of TradingCompany. If anyone was 'shitting' it was him. Those that have been around here long enough are aware of what he did. My intention there was only to expose the blatant lie.

As far as my account here is concerned, everything displayed here is correct.

You will not hear me coming up with made-up stories of myfxbook bugs etc etc causing my equity to show incorrect figures. Nor will updates on this account ever stop simply because there is an equity-drawdown. The only thing that is incorrect here is the equity curve, which is probably because fxbook is still working on it. According to the equity curve here it shows that my equity has hit 100% a few times in March when in fact it hasn't yet, since around the end of November.

Other than that, everything else here is correct.

Most people think that one is a successful trader only if he/she is able to show HUGE %gains. Unfortunately, many people are misguided into believing that a Trader/Manager is not good unless he/she is able to show massive gains. There is no sense in making massive gains only to lose it soon after. Trading forex is not about making massive gains for a short time.... it's about surviving through low periods either due to unexpected circumstances that affect one's trading and/or during difficult market conditions and being profitable in the long term. There must have been a large number of accounts that went bust during the last few months because of the way the markets have been moving. If one is able to comfortably withstand such conditions by trading small (ie: low leverage) and still show profitability that is what matters. Using low leverage always has its advantages although it's a compromise on the %gains.

Even some of the best performing hedge funds only return around 20% to their clients on average annually. About 2000 hedge funds since end-2008 have gone bust. Just check out Barron's top 100 hedge funds survey.

Every account will go through a slow period at some point or another. There's nothing wrong with that. One should have sufficient patience to endure such times to be able to capitalize on the markets when the slow times are over.

Your opening statement leads me to believe that you are of the opinion that currency trading cannot be profitable. It may seem that way... but it's certainly not the case.

Have a nice weekend.