I have great trading skills but I lost million dollars...

Dear all,

I have have been trading Forex for 10+ years and working on my trading skills including my mental skills (every thing you can name) as well. I could make 6 figures profits in short period of time. If I can avoid the one bad trading day(s), I should be able to make 7 figures a year. However, I always lose big, very big on the one bad day(s).

After I sew some many great traders and trading systems dispersed in here or other forums, I think trading by oneself can not make one a life time winner. For this reason, I am looking for a live trading partner who can follow my rules to help me to avoid the one bad trading day(s).

Please contact me if you are a full time trader and are located in San Francisco bay area. I trade my money and your share my profits. All you need to do is to come to my trading place (you can work remotely after everything is set) on time and watch me trading.

You probably already tried not trading on high impact news days.. Trading longer time frames.. Etc..

I get what you mean, you lack of the disciplinary that a team can provide.

If your ONE bad trading day is losing you so much money that it is greatly affecting your profits, then you are very likely over-leveraging your trades, or you are not applying appropriate stoploss positions to mitigate your losses. A bit more information on your strategy and money management system would help us help you better.

Yes, Lengkai. I think a risk management team can help me avoid the one bad trading day(s). That is why I am looking for a trading partner to trade together.

Jason, I know risk management and trade with SL between 10 to 30 pips. I have really high winning percentage so I can risk higher leverage.

If I could have managed loss for 2 trades on that bad day(s), I should be able to make great profits (please note that brokers only limit us to take 50 to 99.99 lots per trade and I trade market orders). My trading is very simple: only read candles. No any other indicators at all.

As I said, I need a partner and I want to share my profits with him/her and his/her job is to prevent me to trade crazy on that bad days.

Can I live in your house? What % of profits am I sharing if I can help you succeed? I have extensive bankroll management experience and am very disciplined.

This whole things just sounds fishy to me... be careful fxrider88. Anyone who says they have 'great trading skills', but wants someone to 'help' them so that this person with such 'great trading skills' can then share their profits smells afoul to me. I would exercise caution.

jaymocha posted:
This whole things just sounds fishy to me... be careful fxrider88. Anyone who says they have 'great trading skills', but wants someone to 'help' them so that this person with such 'great trading skills' can then share their profits smells afoul to me. I would exercise caution.

Yes, almost reads like a Nigerian email. Does the OP have an account statement to share to verify claims?

db2900 posted:

jaymocha posted:
This whole things just sounds fishy to me... be careful fxrider88. Anyone who says they have 'great trading skills', but wants someone to 'help' them so that this person with such 'great trading skills' can then share their profits smells afoul to me. I would exercise caution.

Yes, almost reads like a Nigerian email. Does the OP have an account statement to share to verify claims?

It seems he has two systems running at the moment, both of which are currently negative.

https://www.myfxbook.com/members/LoveA

Name Gain Drawdown Pips Trading Leverage Type
* 5% per month -73.52% 80.53% 3.2 Manual 1:50 Real
* Risk 5% or less per trade -8.99% 35.49% -0.9 - 1:50 Real

That list may not format correctly, but basically he is down -73% on his '5% per month' system, and down -9% on his 'Risk 5% or less per trade' system.

I have my doubts about how much profit sharing he is capable of doing at this point... ;)

What I need is someone who is in San Francisco bay area and can work with me one hour after the New York session start for about 3 hours. I have a check list for him or her to watch my trades so I can avoid the bad trading day(s). Most of my days are winning day so far. I will share 20% of my profit as my appreciation of helping me not to lose my 6 figure account again. Of course, you risk your time if I lose my money.

PM me if you are the one.

you don't need someone to tell you what to do. Discipline only comes from the self! whatever profit you make can easily lose twice as much.

Without risk management, you are no different than a gambler. You are not a trader.

And btw you are using metatrader and FXCM, enough said.

Sorry for hijacking this thread but what in particular is wrong with Metatrader and FXCM?
(Been using both and found no serious flaws...)

Metatrader for its technical flaws in its design, it was not designed for DMA even with STP bridges. Slow executes, default slippage because of added latency of how its designed, requotes etc..
FXCM, well as long as you are happy with it, that's fine. Just saying there are better alternatives out there.

For example, do you notice the added latency when you execute market order on metatrader if you haven't executed one in past xxx seconds? (there is the settings in the bridges, I think) It will check your credentials again if you were timed out for not executing a trade in past xxx seconds, and just this adds latency and slippage to your trades. That's why it is normal to not get the price you see on metatrader, because by then the price has moved already.

I am not a developer, I was a metatrader too but I did some research as to how it functions as a platform, the software is 10 years old. The world has moved on.

If you are trading high volume, then you need to stick only to high time frames.
Start to analyse market only from H1, H4, D1, etc..

There are also a few great EA's for long term trading, which uses high time frames,
but most of users will not choose such EA's because they just want instant profit day by day..

@fxrider888 no offense, but are you rolling? Your own account is -50% with 60% drawdown.

Trolling*

LoveA posted:
Dear all,

I have have been trading Forex for 10+ years and working on my trading skills including my mental skills (every thing you can name) as well. I could make 6 figures profits in short period of time. If I can avoid the one bad trading day(s), I should be able to make 7 figures a year. However, I always lose big, very big on the one bad day(s).

After I sew some many great traders and trading systems dispersed in here or other forums, I think trading by oneself can not make one a life time winner. For this reason, I am looking for a live trading partner who can follow my rules to help me to avoid the one bad trading day(s).

Please contact me if you are a full time trader and are located in San Francisco bay area. I trade my money and your share my profits. All you need to do is to come to my trading place (you can work remotely after everything is set) on time and watch me trading.

You get too involved, I am just a beginner with only a few hundred bucks in my account but you're doing the same thing as I do you get really good days and then you get too brave and risk too much and erase all the profits in seconds, if you are really that good then tune down your ambition of 6 and 7 figure income and work on structure, procedure and discipline without those its chaos and failure even if you're 100% profitable everyday you must follow the rules and guidelines in your trading plan because one day there is going to be that one looser trade (or a sequence of trades) that's going to try and wipe you out) also it sounds like you are using Martin Gale strategy or 10-20 pips a day (very high DD strategies with negative R:R) if you are then you may want to switch to those that have positive reward to risk ratio: 2:1 they may be slower but less likely to wipe you out.
btw how the weather in SF bay its hell here in Bakersfield its like satan got kern county on a skillet