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richfxtrader100 (By richfxtrader100 )

Gain : +107.76%
Drawdown 77.69%
Pips: 1488.0
Trades 569
Won:
Lost:
Type: Real
Leverage: 1:50
Trading: Manual

richfxtrader100 Discussion

rob559
Jan 10 2016 at 17:18
1916 posts
how long do you think it is gonna last ?
richfxtrader100
Jan 10 2016 at 19:40
30 posts
Watch and find out.
BellaVista507
Jan 18 2016 at 12:20
251 posts
rob559 posted:
how long do you think it is gonna last ?
Not long. Considering the fact he risk about 3% of his account, and manages to have draw-downs 10% higher then what he is risking tells you a lot about a trader. He hides his lots, but of course it is easy to tell what lot he used. You can also tell from his history that he revenge trades.
richfxtrader100
Jan 18 2016 at 16:56
30 posts
BellaVista507 posted:
rob559 posted:
how long do you think it is gonna last ?
Not long. Considering the fact he risk about 3% of his account, and manages to have draw-downs 10% higher then what he is risking tells you a lot about a trader. He hides his lots, but of course it is easy to tell what lot he used. You can also tell from his history that he revenge trades.

Look, I know your agenda is to keep people from wanting to copy my trades. But if you are so successful, show all the other trade history you are hiding before December of last year.

richfxtrader100
Jan 18 2016 at 17:02
30 posts
BellaVista507 posted:
rob559 posted:
how long do you think it is gonna last ?
Not long. Considering the fact he risk about 3% of his account, and manages to have draw-downs 10% higher then what he is risking tells you a lot about a trader. He hides his lots, but of course it is easy to tell what lot he used. You can also tell from his history that he revenge trades.

I have nothing to hide.

You have been stalking my posts i assume in some agenda to try and keep people from wanting to copy my trades. What are you hiding?

Why do you not show any trading history prior to January 2016?
TalkNowPlease
Jan 23 2016 at 09:55
33 posts



 Why don't you come online and explain this! Where are you once you go into huge drawdown?

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TalkNowPlease
Jan 23 2016 at 09:56
33 posts




 What you would notice, if his 'open trades' was made public is how he places small orders, and as those small orders run away from him, he continues to chase the losing positions with more orders. That ladies and gents, is bias trading at it's finest. This is not a guy you want running your account, or getting signals from.

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HansiMayer1
Jan 23 2016 at 09:56
5 posts
Hello !

What EA do you use? Is it for sell ???

Yours Hansi
TalkNowPlease
Jan 25 2016 at 07:18
33 posts
HansiMayer1 posted:
Hello !

What EA do you use? Is it for sell ???

Yours Hansi




 He isn't using an EA. He is simply grid trading, and now he is in 55% drawdown and it is getting bigger with every passing day. Clearly he has his open trades closed, and now that the market is starting to breakout on the higher tf, you can see his account is taking a hit!

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TalkNowPlease
Jan 27 2016 at 13:45
33 posts
@richfxtrader100 Equity going down down down. You haven't placed a fresh trade in over 5 days. It looks like your account should be margin calling sometime this week! Excellent job scammer
fxinvesta
Jan 27 2016 at 15:30
107 posts
Sorry to intervene in the post, but I think that trading has two important aspects, system and risk management, which have a DD of 50% (I have one of 48%, I had to deal, in December, 500 pips which moved the euro in minutes) having accumulated gain is not the same as supporting a DD of capital previously deposited.

Trading is difficult, and violent movements always recover, closing a position only by an unusual movement does not seem to me a good idea.

I, of capital had only 6% real DD, and even at the worst time, still had a gain of 23%, so the DD I find something very relative in a system, a client investor, seeking profits, and It seems logical to me, increasing risk as the targets are achieved.

I understand that the idea is not to make money and then lose it, but once we have a goal achieved, we assumed a more aggressive trading, otherwise our work would always be limited in its potential.

Each customer defines their risk profile, and the trader should be adapted to the client, if an investor defines its risk by 20% of the investment, looking 30% annually, he must realize that I as a trader, I will try a gain my work, and must accept the risk.

I see here a risk on a profit, I doubt that investors are concerned about the time
Risk comes from not knowing what you're doing.
TalkNowPlease
Jan 28 2016 at 07:29
33 posts
fxinvesta posted:
Sorry to intervene in the post, but I think that trading has two important aspects, system and risk management, which have a DD of 50% (I have one of 48%, I had to deal, in December, 500 pips which moved the euro in minutes) having accumulated gain is not the same as supporting a DD of capital previously deposited.

Trading is difficult, and violent movements always recover, closing a position only by an unusual movement does not seem to me a good idea.

I, of capital had only 6% real DD, and even at the worst time, still had a gain of 23%, so the DD I find something very relative in a system, a client investor, seeking profits, and It seems logical to me, increasing risk as the targets are achieved.

I understand that the idea is not to make money and then lose it, but once we have a goal achieved, we assumed a more aggressive trading, otherwise our work would always be limited in its potential.

Each customer defines their risk profile, and the trader should be adapted to the client, if an investor defines its risk by 20% of the investment, looking 30% annually, he must realize that I as a trader, I will try a gain my work, and must accept the risk.

I see here a risk on a profit, I doubt that investors are concerned about the time

 What you have explained, at best, is why traders like @richfxtrader100 aren't money managers or shouldn't be. The drawdown which he is facing right now, is because of his Bias. He placed one order, which went into red, and since then, he has been chasing the same position. In other words he started with a 2% risk to put 50% of the account in red. That is horrible money management. If broker did that in wall street he would be murdered.
 If this trade respected price action, then he would not be stuck in the position he is now, which has not gained the account any funds.
TalkNowPlease
Jan 29 2016 at 10:35
33 posts



 The floating loss gets bigger and bigger! Traders like @richfxtrader100 is what is wrong with social trading. They sit here and criticize the way others trade, and once their own trading goes down hill, they are no where to be found. Imagine if you would of invested in his PAMM prior to this loss, you would of already been down 50% of what you deposited!

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TalkNowPlease
Jan 29 2016 at 19:41
33 posts



 Here we go finally! That is what happens when you trade a grid system!

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TalkNowPlease
Jan 29 2016 at 19:45
33 posts



I'd love to hear an explanation.

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fxinvesta
Jan 29 2016 at 19:47
107 posts
TalkNowPlease posted:



 The floating loss gets bigger and bigger! Traders like @richfxtrader100 is what is wrong with social trading. They sit here and criticize the way others trade, and once their own trading goes down hill, they are no where to be found. Imagine if you would of invested in his PAMM prior to this loss, you would of already been down 50% of what you deposited!

Yes, now I understand, the problem with operational followers, is that the trader has no way of knowing when or how their signals are operating, and that is to take away, to the trader, a fundamental part of our work.

To do this correctly, it would have to design a whole new system, each operation must be taken as if it were the first, sooner or later, come the DD, and who had the misfortune to get in the wrong time, lose money

I think something really difficult to manage, it is difficult, dealing with markets, to add the difficulty of operating in the dark, with regard to risk management.

A trader must have access to its own portfolio, and that can only be done by a Pmam platform.

I apologize, I had not figured this before

Greetings!
Risk comes from not knowing what you're doing.
Bhanu (bhanu545)
Jan 30 2016 at 16:33
95 posts
I was watching his account in signalstart since long time. He was shorting GBP since the start and earned big even though the GJ trades went up 300pips and luckily it went down and he profited. Unluckily he dint realise the gbp stopped downfall near 1.4 level and lost big time.
More profit with lower risk is my strategy
TalkNowPlease
Jan 30 2016 at 19:27
33 posts
fxinvesta posted:
TalkNowPlease posted:



 The floating loss gets bigger and bigger! Traders like @richfxtrader100 is what is wrong with social trading. They sit here and criticize the way others trade, and once their own trading goes down hill, they are no where to be found. Imagine if you would of invested in his PAMM prior to this loss, you would of already been down 50% of what you deposited!

Yes, now I understand, the problem with operational followers, is that the trader has no way of knowing when or how their signals are operating, and that is to take away, to the trader, a fundamental part of our work.

To do this correctly, it would have to design a whole new system, each operation must be taken as if it were the first, sooner or later, come the DD, and who had the misfortune to get in the wrong time, lose money

I think something really difficult to manage, it is difficult, dealing with markets, to add the difficulty of operating in the dark, with regard to risk management.

A trader must have access to its own portfolio, and that can only be done by a Pmam platform.

I apologize, I had not figured this before

Greetings!

 I disagree. He knew very well how well his 'signals' were going, because the position which margin called him, was his LAST signal. Guys like him say they have a system, but they are looking to make a quick buck from selling subscriptions to their website or their service. He watched his account bleed out for 8 days, and never once made any sort of adjustment. Yet, you can clearly see from his post, before that position was entered, he would actively post here, bashing others but once his account started to go in red, he was no where to be found. That says a lot about the trader and him as a person.
fxinvesta
Jan 31 2016 at 08:50
107 posts
TalkNowPlease posted:
fxinvesta posted:
TalkNowPlease posted:



 The floating loss gets bigger and bigger! Traders like @richfxtrader100 is what is wrong with social trading. They sit here and criticize the way others trade, and once their own trading goes down hill, they are no where to be found. Imagine if you would of invested in his PAMM prior to this loss, you would of already been down 50% of what you deposited!

Yes, now I understand, the problem with operational followers, is that the trader has no way of knowing when or how their signals are operating, and that is to take away, to the trader, a fundamental part of our work.

To do this correctly, it would have to design a whole new system, each operation must be taken as if it were the first, sooner or later, come the DD, and who had the misfortune to get in the wrong time, lose money

I think something really difficult to manage, it is difficult, dealing with markets, to add the difficulty of operating in the dark, with regard to risk management.

A trader must have access to its own portfolio, and that can only be done by a Pmam platform.

I apologize, I had not figured this before

Greetings!

 I disagree. He knew very well how well his 'signals' were going, because the position which margin called him, was his LAST signal. Guys like him say they have a system, but they are looking to make a quick buck from selling subscriptions to their website or their service. He watched his account bleed out for 8 days, and never once made any sort of adjustment. Yet, you can clearly see from his post, before that position was entered, he would actively post here, bashing others but once his account started to go in red, he was no where to be found. That says a lot about the trader and him as a person.

The problem is, the sell signals, I was invited to do the same, but I refused, precisely because, as I operate manually and discretionary system, I need to know the situation of each of the accounts that I manage.

The sell signals, only can be done by an intraday trader, or a robot.

Again, it is difficult to trade Forex, it is not necessary to add even more difficulties.

Cheers
Risk comes from not knowing what you're doing.
fxinvesta
Jan 31 2016 at 08:50
107 posts
bhanu545 posted:
I was watching his account in signalstart since long time. He was shorting GBP since the start and earned big even though the GJ trades went up 300pips and luckily it went down and he profited. Unluckily he dint realise the gbp stopped downfall near 1.4 level and lost big time.

If you make a poa, with a trader, you know the name, address and telephone number, you can define your earnings is by performan, not for entering transactions, that does not guarantee you to earn money, but you can be sure that the trader will make every effort to seek profits for you, because if you do not have profits, the trader will not get anything, and lose the customer and time.
I find it silly to put a trader in the position, that to get money for himself, is obliged to operate, many many times, in this way, the goals of the trader and investor goals are different, and that, it can never be successful for anyone.
A trader should not receive money by losing money ...
Y 'start signal' please !! if someone is willing to pay to do their work to a 70/30 proportion, he is not a trader, it is a desperate person.
A little common sense please !!!
Risk comes from not knowing what you're doing.
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