impressive results ;) The DD is quite high though...
Yes, impressive Martingale money management on a MICRO account. Based on the below 'lot pattern' recorded by MyFxBook and the large persistent floating DD since mid-February, it does look like a Martingale-type of money management:
June 6th: 12 lots June 7th: 24 lots June 11th: 44 lots June 13th: 66 lots June 14th: 88 lots with approx. 100k FLOATING DRAWDOWN! (Probably 1k in reality, as likely a micro account.)
The lot numbers can be clearly seen on the enclosed balance graph (see the original, if not removed).
No, not being jealous at all, especially looking at the -52% DD. I would run for the exit even before hitting -20% DD....
Although I am somewhat cautious, no regular trader would tolerate larger than -30% DD's. Even at -33% DD one needs to make 50% profit just to break even.
At -52% DD (as in this case) one needs to make more than 100% profit just to recover losses. Since 99% of the investors would desert any strategy before hitting -50% DD, most of them would not even be around to recover their losses hoping for a 100% gain. Just common sense.
By the way, large investors would not even look at a strategy crossing the -10% DD line (even as a floating DD). Just a fact.
(My intention is simply to warn newcomers about potential pitfalls of high risk investing.)
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.