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Do you think you can turn $200 into $400 in six weeks?

Optimofx (optimofx)
Jul 11 2014 at 14:49
250 posts
A good MM cant burn an account, just 2% to 5% per trade. And no tiny Stop Losses like 2 pips or 4 pips, that type of Stop Losses can burn accounts , i experimented myself an 'slippage' from a stop loss of 30 pips to 84 pips in real ¡ So I loose triple of expected ( that happens me one time in 3 years, is not usually ), so instead loose a 2% i loose a 6% , was hard , but imagine if u had an SL of 4 pips ? Booom account burned.
Maybe was not slippage, was missconection from VPS or another error , but happens.
High return in short period usually means High Looses in short period too. The way is long term profit.

Caution ¡¡ Forex market is full of scams ¡¡
Snail Trading Ltd. (dchara01)
Jul 11 2014 at 14:54
126 posts
optimofx posted:
A good MM cant burn an account, just 2% to 5% per trade. And no tiny Stop Losses like 2 pips or 4 pips, that type of Stop Losses can burn accounts , i experimented myself an 'slippage' from a stop loss of 30 pips to 84 pips in real ¡ So I loose triple of expected ( that happens me one time in 3 years, is not usually ), so instead loose a 2% i loose a 6% , was hard , but imagine if u has an SL of 4 pips ? Booom account burned.
Maybe was not slippage, was missconection from VPS or another error , but happens.


I agree... depending on how aggressive is your MM you could risk anything between 0.50% - 5.00% per trade... this way it is difficult to burn an account.. it is also impossible with such risk taking to have returns like 100% per month... it would take a flawless winning rate and some extreme risk/reward ratios that are unusual!

ArdiFX (ahuruglica)
Jul 11 2014 at 15:12
852 posts
dchara01 posted:
It seems that you are not only making the same grammatical mistakes as @Master_Kiwa, but you also use exactly the same insane money management...

If you are so successful and you keep withdrawing money... why do you have several usernames?


It's funny they use the same computer too.

@AmberLynn Taksbar



@Master_Kiwa Taksbar




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AmberLynn
Jul 11 2014 at 15:17
241 posts
optimofx posted:
A good MM cant burn an account, just 2% to 5% per trade. And no tiny Stop Losses like 2 pips or 4 pips, that type of Stop Losses can burn accounts , i experimented myself an 'slippage' from a stop loss of 30 pips to 84 pips in real ¡ So I loose triple of expected ( that happens me one time in 3 years, is not usually ), so instead loose a 2% i loose a 6% , was hard , but imagine if u had an SL of 4 pips ? Booom account burned.
Maybe was not slippage, was missconection from VPS or another error , but happens.
High return in short period usually means High Looses in short period too. The way is long term profit.


 That should tell you something about 'sure investments'. If you have a sl at 30 pips, and you end up taking a loss for 84 pips (something which I don't believe would ever happen. but many people claim it has happened to them) then why would anyone trade in forex to begin with? The reality is the spread in forex can become 10 cents in a split second and drain any account.

  I would agree that having a 2 -4 pip sl is very extreme, but when you look at engulfs on lower tf, a true reversal leaves no tail. Meaning even a 2-4 sl would be safe, but of course getting into that very candle is super rare.

 We have many many many systems and forms of trading. Some better then others of course, but the reality is everyone has a different out luck on life. I for one would not risk a small portion of my account on any 'INVESTMENT', as the market makes U-turns on any current event. Many feel comfortable taking small positions, because it will be 'harder for them to margin out' but is that the right approach?

 Why not lower your exposure to the market? Exposure in the sense of the amount of time you are in the actual market. Several traders her have displayed the ability to do it. Is it luck? I think not, not when a person is able to repeat the same results multiple times. Super_trader has shown the ability to do it. So, why don't we focus more on that? As that would allow us to risk more, because stats say we won't be in a position for a certain amount of time in red.

ArdiFX (ahuruglica)
Jul 11 2014 at 15:26
852 posts
AmberLynn posted:
 That should tell you something about 'sure investments'. If you have a sl at 30 pips, and you end up taking a loss for 84 pips (something which I don't believe would ever happen. but many people claim it has happened to them) then why would anyone trade in forex to begin with?...


Have yur ever heard of PRICE GAPS? It's like the ABC of trading, you should know that.

https://www.investopedia.com/terms/g/gap.asp

AmberLynn
Jul 11 2014 at 15:30
241 posts
ahuruglica posted:
AmberLynn posted:
 That should tell you something about 'sure investments'. If you have a sl at 30 pips, and you end up taking a loss for 84 pips (something which I don't believe would ever happen. but many people claim it has happened to them) then why would anyone trade in forex to begin with?...


Have yur ever heard of PRICE GAPS? It's like the ABC of trading, you should know that.

https://www.investopedia.com/terms/g/gap.asp


 Did anywhere in his post he mention that the price gapped? Gapped prices occur from when the market is closed to when it opens. Thank you very much for taking the time in posting that link, but maybe it would be wiser to ask the O.P. if his sl was skipped due to holding an order through a gap, instead of assuming that his loss occurred because of it.

 

ArdiFX (ahuruglica)
Jul 11 2014 at 15:41
852 posts
@AmberLynn

Price gaps can happen during normal hours too. On some rare events (market crashes and panics) liquidity providers stop providing liquidity, then the price can gap for 50 pips, maybe more.

When you get enough experience you can be lucky to witness those events.

CrazyTraderfx (CrazyTrader)
Jul 11 2014 at 15:48
1718 posts
ahuruglica posted:
@AmberLynn

Price gaps can happen during normal hours too. On some rare events (market crashes and panics) liquidity providers stop providing liquidity, then the price can gap for 50 pips, maybe more.

When you get enough experience you can be lucky to witness those events.


I saw it last week!

AmberLynn
Jul 11 2014 at 18:45
241 posts

  That never happens when the market is open. When the market is open you will ALWAYS have a bid and ask price. Several years ago when I traded usd/jpy and it was said that the nuclear power plant was going to exploded, it caused a 350 pip drop in yen pairs in about 15 mins. The price never GAPPED! The spread did increase almost 1.5 cents for several seconds as the price began to drop.

   The example used was a very poor one and may not be the cause of the issue which the trader above mentioned. The price, while the market is open can never suddenly 'teleport' to a different price. While the market is closed in stocks is when you usually see those GAPS.

   Many will claim to have seen it, but the spread becoming WIDE isn't the same as gapping.

AmberLynn
Jul 11 2014 at 18:48
241 posts
That of course is one of the scary things about investing in currencies. You can hold a position over the weekend, and when you check your account, your 'SL' would of been passed over! That indeed can happen, and is the ONLY time that your order can be skipped over (sl,tp, pending orders).

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