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Anyone Trading For A Living?

Scalpinvest (Davidfxonline)
Jun 17 2013 at 14:00
14 posts
PIP TEACHER, I do not understand your question

PIP TEACHER (PipTeacher)
Jun 17 2013 at 16:06
15 posts
Compound your profit or reinvest your profit.
So, the question is do you reinvest your profit?

It is most important to have your risk setup to zero!
FxMasterGuru (FxMasterGuru)
Jun 17 2013 at 17:57
1607 posts
togr posted:
Davidfxonline posted:
Hello everyone. I'm quite close to its long-standing goal to earn $ 1 million https://www.myfxbook.com/members/Davidfxonline/invest-100%D0%BA/333735\

I wish good luck to all traders


Hey,

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).

P.S. North West Financial Broker DOES offer MICRO accounts...!! Read this comment from a MyFxBook user: https://www.myfxbook.com/reviews/brokers/north-west-financial-broker/87,1

Attachments:


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PIP TEACHER (PipTeacher)
Jun 17 2013 at 21:02
15 posts
When I check my balance graph I see that I trade with 7 lots, 21 lots, and so on but the true is that I always use 7 lots!
How is that possible?

It is most important to have your risk setup to zero!
Vader FX (incometrader)
Jun 18 2013 at 01:00
157 posts
3 trades at 7 lots in one day = 21 lots

PIP TEACHER (PipTeacher)
Jun 18 2013 at 05:51
15 posts
I see, that would be it!
Thanks!

It is most important to have your risk setup to zero!
Scalpinvest (Davidfxonline)
Jun 19 2013 at 08:23
14 posts
American is just jealous and writes nonsense ...
PIP TECHER, I took more than deduced now reinvested, it's evident on schedule

FxMasterGuru (FxMasterGuru)
Jun 19 2013 at 11:04
1607 posts
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.)

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Scalpinvest (Davidfxonline)
Jun 19 2013 at 11:54
14 posts
Everyone has their idea of risk...

vontogr (togr)
Jun 19 2013 at 12:05
4862 posts
Davidfxonline posted:
Everyone has their idea of risk...

Well it depends on account size I would gladly risk 100,000 USD cents and in case of emergency I would double the balance ASAP.
I would not risk 100,000 USD nor double the account when needed.

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