Posts de trixifx | Myfxbook

EASY 25% p. Month dans Général May 14, 2012 at 16:18

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 sho...

EASY 25% p. Month dans Général May 14, 2012 at 15:05

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) ...

EASY 25% p. Month dans Général 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.

EASY 25% p. Month dans Général 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...

Looking for Money Managers dans Général May 07, 2012 at 14:40

While your returns look nice, I think I will pass. Unless you respect risk, sooner or later it will get you.

Looking for Money Managers dans Général May 07, 2012 at 01:35

rainee, I just had a look at your system. 257% since May 2. With that type of system why do you need clients? I mean, just do this for a couple of months and you will be a gazillionaire. But let's have a look at the system in more detail: 1st trade win 4.5 pips up 11.3%, 2nd trade lose 10 pips down 28%, 3rd trade lose 22.4 pips down 34.84%. The rest of it looks pretty much the same. Extreme leverage for small pip gains. I guess you don't have enough confidence in this system to trade it with some real money of your own.I am afraid that if you take that much risk, then you are exactly t...

Looking for Money Managers dans Général May 06, 2012 at 17:55

Do I detect a hint of greed here? Perhaps you need to read up on fear and greed. Plenty good books out there.In my example, you need to deposit $100 a month to reach that goal. Otherwise it will never happen. But this is just an example to illustrate a point. If you can deposit $1,000 a month, then the goal can increase to roughly $3 million before taxes. Still not bad I think.Also, have you considered the cost of drafting the prerequisite legal agreements before accepting client money? How about costs of registration with the appropriate financial regulator? Annual costs of ensuring complianc...

Looking for Money Managers dans Général Apr 23, 2012 at 19:38

And what if you lose the money of friends and family? Also, what about the regulatory side of things? Managing money for others usually requires registration with some regulatory authority. Regulation is on the increase globally and the headaches associated with this are increasing all the time. Also, advertising as mentioned above would also be illegal in several jurisdictions.Now, on a somewhat different note. Are you really sure you want to manage OPM? People tend to think that you need to make money the way they want you to, i.e. very little risk and high returns. Thus, if you try to keep ...

EASY 26% p. Month dans Général Apr 16, 2012 at 13:22

First link looks like it blew up already....Balance still pretty high, but equity seems to be close to zero.

I am looking for an investor dans Général Apr 15, 2012 at 21:46

Yeah, I know. But people will still wish not to see this little bit that I quoted from your post.

I am looking for an investor dans Général Apr 15, 2012 at 15:49

Just curious, but why do you need any investors at all?Current equity $2,036.32Current return 8,485.88%If you can continue with this, your equity next month will be $174,835.99 and the month thereafter $15,011,208.44Thus, if you take on investors, you will most probably be having issues getting your trades filled as the size would become too big and thus returns would suffer.On another topic, could you please explain your risk management methodology to me? I see a massive one day drop in equity (balance at 3,679 equity at 2,036 = 44% drop in one day).To me that looks like picking up pennies in...

EASY 25% p. Month dans Général Apr 13, 2012 at 17:48

Hmmm... 25% a month equals roughly 1,355% p.a. On my capital I could have all the money in the world in 2-3 years.Unfortunately for the OP, if it was as easy as running a grid with some martingaling, then guys like Cyclist and me would already be owning most of the money in the world. Unfortunately for both of us, sooner or later a martingale betting method will encounter a string of losses and this can destroy an account quickly.Unless you take a long hard look at the risk you are running, sooner or later it will catch up to you. If you have lived through 2008 with a heavily leveraged account...

How I Turned a Losing Trade to a Winning Trade. dans Traders Expérimentés Apr 03, 2012 at 16:09

These types of strategies play on the human emotion of not wishing to have losses. If a trader can not accept that losses are part of the game, he should not be trading.I am not a big believer in expectancy, but what is happening now is that you are decreasing your expected profit per trade, while your expected losses per trade remain the same. Granted, due to the smaller TP1, the win% will increase, but overall expectancy will most probably go down.Most people are not willing to have a trade that showed a profit end in a loss. Since most people lose money, perhaps there is something to be lea...

Starting from scratch. dans Nouveaux traders Mar 16, 2012 at 13:20

I see you also list a lot of economics book. I can't remember much of economics from university, but I do remember the name John Maynard Keynes. After I started trading, I found a quote of his which goes something like this "The markets can stay irrational for longer than you can stay solvent." 😇Regarding demo - I'd avoid it at all costs. The emotional impact is completely different. Generally with demo if something doesn't go as planned, it's pretty easy to start fresh. Real trading doesn't work that way. Perseverance is absolutely critical in this game.Y...

Starting from scratch. dans Nouveaux traders Mar 15, 2012 at 21:28

Perhaps the following books could be of interest to you:Market Wizards (all 3 of them - 3rd one is not as good, but there are one or two very good interviewsReminiscences of a stock operatorWay of the TurtleJust my opinion, but it looks like you are over-complicating things. Trading should be really simple. The more variables you add, the more convoluted and less robust things become.Have you started with a real account yet? If not, I would suggest starting an account with an amount of real money that is big enough that you would feel pain by losing it, but not so big that it affects your life...

How I Turned a Losing Trade to a Winning Trade. dans Traders Expérimentés Mar 15, 2012 at 20:21

You do know that using this method, you will most probably end up being a net loser. The thing you have overlooked is that you are taking too small profits vs your expected losses. What happens if you have 5 trades in a row where TP1 isn't hit, but you are stopped out of all of them? How long would your account need to recover if all you get are TP1 profits one half the position?Also, what if a nice trend starts in gold, but you take your profit at TP2? The obvious answer would be to re-enter, but then you sit with the same problem as outlined in my above paragraph.Why not just be happy ta...

Is what's happening in the contest even remotely possible? dans Général Mar 02, 2012 at 19:02

Yeah, I would also like to see him trade the account from $6,000 to $360,000. It becomes a totally different game then. 😇

Is what's happening in the contest even remotely possible? dans Général Mar 02, 2012 at 15:10

Something that no-one mentioned to date is the effect of having all that growth has on your psyche. There was a period where I had a small account grow by 1,000% in 6 weeks. Roughly 60% of the portfolio at risk every day, but the dollar amount was so small it didn't really matter.So of course after making 1,000%, I decided to add much more money to the account. For a while the returns were pretty good, but after having two days (luckily after reaching new equity highs), where I lost 50% of the account overnight, it pretty much wore me out. Especially since on both those days, I lost far mo...

Windhändler dans Systèmes de Trading Nov 18, 2011 at 18:43

Hello Mark,While I like seeing your performance data, should you wish to share it only with certain individuals, you can go the Settings and click on the invitation tab. This should take care of your needs.Edit:Spelling

Delusions Grandiose !! dans Systèmes de Trading May 30, 2011 at 21:14

He only posts every 10th trade to twitter.

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