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Show your profitable account here.

soulmysoul
Apr 26 2018 at 07:00
31 posts
fxinvesta posted:
BluePanther posted:
fxinvesta posted:

PD: My English is not great, I am a trader, I apologize, but I strongly trust that someone with your intellectual capacity can understand my idea, although grammatically has 'limitations' hopefully, I could express myself in my language, I give my best effort to communicate with you, you just put your part nen understand my idea, not my epistolary elegance


Okay, no need to keep reposting your Profile image. Now you really are rubbing your success in my face - that is arrogant.

Yes, good English is not a prerequisite for good trading. Understood.

I'm not jealous. Images are unavoidable, but reposting serves no benefit. I just want to preserve the readability of this thread.

Thank you, move on. Please.

I never published an image, you published images ... Once again I insist, I am a trader not a psychiatrist, I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit, please let's talk about trading, not about personal frustrations ... And calm, I read this thread, because automatically registered, I immediately unsubscribe, and I leave you the forum, I apologize is that sometimes, when I read a stupid, I fall into the temptation to question, I will not do it again , regards


Well you got the whole thing wrong..with a low DD i can always sleep peacefully as compared to lets say 30% or more. Everytime you enter a trade there is always a risk.

' I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit,'
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?

Everyone has a different style. I am here for long term, not to trade for a couple of months and poof vanish. I wish you best of luck.

chesterjohn
Apr 26 2018 at 07:02
16 posts
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?

I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.

If you take a trade and it goes down a lot, surely it's better to cut your losses and wait for a good signal that it will reverse rather than hanging on to it and hoping that it will do before your account goes pop?

BluePanther (BluePanther)
Apr 26 2018 at 07:03
1353 posts
sjkhaushu posted:
BluePanther posted:
Your assessment of his performance is clear and true. I appreciate your perspective.

However, I support his positive attitude to criticism and his valiant efforts. Also, has he not been 'successful' in other respects? Success is not always measured in 'dollars profit' but many other metrics: 'dollars lost' for example, and consistency another.

You may consider I have low standards - perhaps low standards is what one requires to survive? You cannot always have high expectations or you will always be disappointed. I consider I have gratitude that his account has lasted as long as it has.

He is also successful in fulfilling the criteria better than many other attempts in this thread:

1) The account must be real - no demo's. (please do not argue here that it is the same as a live acc. etc - the idea is not to engage in any arguments)
2) The account must be verified (please do not come and defend your unverified-but-want-to-participate account - there will simply be no interest)
3)DD must not be higher than 40% - (please. Once again. No justification for your above 40% dd, if it is higher - don't participate)
4)The account must be older than 3 months, maybe this is even still too young.
5)No martingales! (it might work for you, and I do not want to engage in an argument - just please keep to yourself and don't participate)

And on those points he deserves to be congratulated don't you agree? 😉
The 'wooden spoon' for profits; gold medal for everything else. 😄


Well, he is not fulfilling the most important criteria which is profitability. If there is no profit, all other criteria fulfillments are useless. I am sure we can agree on that.

But I agree on your second point, many people only look at realized profits and forget about the DD as their expectations are too high. What good is an account thats making 20% on average per month for 5 months if the DD is 60% and account is always in danger of blowing up? Instead people should focus on ratios between avg profit and max DD.


May I beg to differ?
1. I do not see 'profitability' on the list of criteria - though I do note the title of this thread 'Show your profitable account here.'
2. 'If there is no profit, all other criteria fulfillments are useless.' I agree, but THERE IS PROFIT (albeit the current drawdown negates that).
3. 'Lies, damned lies, and statistics.' Meaning, do not put too much faith in the numbers - numbers can be interpreted in various ways.

I appreciate you summarising his true account's performance - it has basically gone nowhere since inception when taking drawdown into account. Now, I most certainly agree with you ON THAT. And I thank you for pointing this VERY IMPORTANT fact out - good observation Sherlock Holmes. 😎

BluePanther (BluePanther)
Apr 26 2018 at 07:16
1353 posts
soulmysoul posted:
fxinvesta posted:
I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit...


Well you got the whole thing wrong..with a low DD i can always sleep peacefully as compared to lets say 30% or more. Everytime you enter a trade there is always a risk.

' I was interested only to know why if someone is only going to put into play 15%, leave 85% of money withheld In a broker, for the broker to have it and generate profits for his benefit,'

This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?

Everyone has a different style. I am here for long term, not to trade for a couple of months and poof vanish. I wish you best of luck.


Hope that satisfies his question. Thanks for clarifying this.

soulmysoul posted:
This is the funniest thing i ever read. It means you trade the whole 100% account whenever you enter a trade?


Hmm... yes, 100% of available margin? NO ROOM FOR ERROR!!! 😁

BluePanther (BluePanther)
Apr 26 2018 at 07:38
1353 posts
chesterjohn posted:
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?


mql5.com says:
'...if the equity is less than the balance value, it means that the trading account is having a drawdown or unrecorded loss.'


Link 1: https://www.mql5.com/en/articles/2704#drawdown
Link 2: https://www.babypips.com/learn/forex/drawdown-and-maximum-drawdown

togr (togr)
Apr 26 2018 at 09:49
4862 posts
Guys stick back to forum topic.

togr (togr)
Apr 26 2018 at 09:49
4862 posts
chesterjohn posted:
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?

I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.

If you take a trade and it goes down a lot, surely it's better to cut your losses and wait for a good signal that it will reverse rather than hanging on to it and hoping that it will do before your account goes pop?


DD is actual loss of your open positions.
Measured in percentage of loss vs. balance.
So if you have 10,000 account and your open trades profit is -5,000 you are facing 50% DD.


TraderJP
Apr 26 2018 at 09:53
6 posts
AmDiab
Apr 26 2018 at 10:11
718 posts
TraderJP posted:

My profitable account in Pepperstone https://www.myfxbook.com/members/TraderJP/traderjp/2377814 more info. inbox
No doubt, it’s a profitable journal, but I think you should more concern about your consistency.


togr (togr)
Apr 26 2018 at 10:40
4862 posts
TraderJP posted:
My profitable account in Pepperstone https://www.myfxbook.com/members/TraderJP/traderjp/2377814 more info. inbox

You DD is too high.

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