Anyway. A drawdown of over 30% is ridiculous. Here is mine, its a bit premature and I am working on a couple months of history, but good results so far. I believe 17% DD. Twice a month I deposit and I shoot for low risk high reward opportunities. This is not a EA, it is manual trading.
That's very easy to tell when your account is all hidden, not verified, and with only a week's work
People, I have bad news for you, investing carries risks, who is not willing to accept risks, the world has thousands of other businesses, unfortunately, has not yet been discovered a business that guarantees always win without risk, but keep looking. ..
Myfxbook audited accounts, it gives a good analysis, but do not give to you investors. anyone trying to manage capital will have to do more than just make an account here.
It is also easy to do mini accounts with 100 dollars, and seek followers, with only 1000 dollars, you can have 10 accounts, and sell the best of them.
That's good to 'hunt' dumb people, but will not help to have investors.
A fool and his money are short lived together ...
My advice is that if you have 5000 dollars, buy a good TV, and enjoy looking at it, do not invest ...
I don't understand why you keep posting on every thread, saying that you have to risk a lot to earn a lot. Clearly you have taken that position because you have earned in your account, but you have had a drawdown of over 50%. My friend, why would you ever risk 50% of your account to earn 50% If your system focused on accurate entries, you would never allow a trade to go against you that much. Simply think about it. You risk 50% of your account to earn 50% of your account, but the reality is you allow 'high impact news' to put your account in risk of margin call, when you could of simply respected price action and waited for the dust to clear.
Not to mention, it doesn't matter if your account is 100 usd or 10,000 usd. Your money management and risk management should NEVER change. If you risk 2% of your account with 100 usd, you should do the same with 1000 usd or even 1 million. You have no sense of risk management, so you come to these forums and post how ' you have to risk big to win big' and that is a crock of shit!
Dear friend, (as you like to call, but I fear that we are not)
Again you're right, but first, I'll be happy to answer step by step your interpretations.
1) never said that to win a lot, you have to risk a lot.
2) I Never said I was taking a 2% risk
3) I do not care, followers, because I do not participate in the system of followers.
(The 20/01/16 at 06:39, myfxbook Support wrote:
There is a new user waiting to copy your System with signal Fxinvesta
Try your, find my system there :)
I use myfxbook to give my clients my statistics.
Only offered my services in the correct thread.
This is a forum, and I be free to give my views.
Now the important thing: An investor is one thing, and a dreamer with 5k is something else.
An investor knows what he does and knows, that at all times have full control of the money
The investor chooses the risk, and decides their goals, but obviously I do not work for free.
If the investor sets a maximum risk of 2%, I do not work directly with him.
If the investor accepts a 20% risk, if at any time the floating, reaches that level, the operations will be closed.
But it should also set the gain that is seeking.
If he are looking for a 30% annual, when I get it, he can not decide anything else, and I decide.
From there on, as I work only performance fee, I need to earn my money, and, the, risk I take with my money is my business.
As you can see. in my account. my investors withdraw their winnings.
But I think all this is useless, are not things you understand, for you this is simplified, 50% DD, wow! danger!!!
But my friend, if I make money for you, you will have to pay me, and since I know exactly what I do, if I decide to have a floating loss of 80%, when you already have the money we agreed, you should just close your mouth, or begin to do trading.
Trading is easy, there are only two options, buying and selling, the difference is that i know whn making one. and when do the other.
Now, say that you are right, I have not, to intervene in this forum, I do not need it, it bores me, and it's a total waste of my time.
So, greetings, and this was my last contribution.
Once again you defend your over 50% drawdown because that is what you have achieved in your account. You are a simply minded person, and you aren't looking at it from the eyes of those who is willing to invest with you. Imagine a trade who has just started investing with. He deposits x amount into your PAMM. All of a sudden after he goes in, he deposit amount is cut into half, due to your floating loss. I understand that 'specific clients' set the amount of funds in which they don't want to go into red, but the reality is for, to allow your account to go into red 50% at any given point says a lot about you and your system.
As for the amount of funds you are risking, I clearly could make out with simple maths how much you were risking, but now you have made your open,pending, and CLOSED orders private. You are using a grid system, which of course is evident by the time in which you place your trades and how you add on to it. Your first order is 2% and then as that trade goes into red you open another order for the same lot which increases it even more.
How you decide to manage your client's funds is your issue, but don't try to blow smoke up our arses by defending a 50% drawdown saying that ' I am risking profit' or 'The client decides how much he wants to risk, and once that it is hit then I close out the trade' If a client says I don't want to lose more then 20% that goes for what he/she invested and for any profit he/she has.