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[quote]DiggerOfTruth posted:
@duzyfx: SEE ATTACHED Statement -
I couldn't get the whole statement without posting all the info, which I don't want to do. So, I took a shot of the bottom of the statement and put the graph in. As you can see, the change from 1:500 leverage to 1:100 stopped my using 40-50 lots at a time. And you will see the outstanding open foolish orders in the loss right now over 5000. Still, not a bad run for the First Time "All Night Trader" (as opposed to Day Trader, eh?)[/quote]
wow so you were going with a max leverage targetting a few pips at a time ?
inte......
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[quote]DiggerOfTruth posted:
It didn't feel like gambling. [/quote]
believe me it never feels like gambling till you realize afterwards ...
but in order to double any account in a night you need to take alot of risk... I think you were not thinking about the risk ? What would have happend if the indicator told you to buy/sell at such high leverage but the market would go instead the other way fast ? Would you cling to the order till your account gave the last equity breath ?
I've looked at the indicator on M15 on EURUSD and I don't see how you could do the wins last night...
Maybe I'm wrong......
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@DiggerOfTruth:
not to sound too pesimistic but if you won't stop overtrading with overleverage the forex market will teach you a lesson in a not so long future; so stop, enjoy the gambling winnings and do not give it back ...
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wow you had a good day; are you going to try to keep this insane risk for future trades ?
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how does the experienced trader handle long periods of loosing streaks ... eg: if you get say 3 months of losses ? are you prepared for this ? what will you do if that happens ?
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another one - what is the best reward to risk that you can work with ?
can scalpers be profitable if they go for 10 pips with risk of 60-100 pips ?
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also what is your's secret - how do you overcome bad trades ?
a) do you count on having a good accuracy, eg: r/r 1:1 50+% of good trades
b) do you double (or increase) the lots sometimes ?
c) do you increase the TP to regain some of the lost trades $$$ ?
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I would like traders to admit how many switched to trading full time and then lost an account and had to find a job again ?
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so you have assume you can make 100% every month consistently for 2 years ...
well I guess you haven't seen the post where people are looking for 4% a month consistently ... and that's hard to get!!!!
if you can get 100% a year consistently (5-6% a month) then you'll make your millions in 5-10 years with other's people money
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if you bought from this guy and got cheated I'd like to know - so please post
I didn't get the EA which seems to be good for now and I'm not very happy about it and the way I was treated... I wish people had more manners in the forex industry.
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