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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

Nov 28, 2015 at 15:58
1,111 Views
28 Replies
Member Since Jan 22, 2016   33 posts
Feb 01, 2016 at 08:12
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.

 That is what I was trying to point out. These systems, especially with people who 'RISK LOW' but end up with draw downs over 10x what they are risking all end up the same way. As you pointed out, he had a bias in shorting GBP, and I guess all the bashing by the other guy got to his head, and he went 50usd per pip on GBP.JPY and that spelled his death. No system, should ever allow such higher draw down. Think about it.... He allowed a trade to go against him 1000 pips. That is beyond reckless, and it happened because he was bias.
 So many of these guys claim to be 'gurus' and have 'EA's' but when you look at it, not only don't they have EA's but they lack the ability to read price action. They basically try to pick top and bottoms, and they keep adding to their positions when it goes against them.
Member Since Jan 22, 2016   33 posts
Feb 01, 2016 at 08:13
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

 Your trading is exactly the same as @richfxtrader100 . On avg you risk 2% of your account to start, then it swells to 10-15%. How can you possibly explain that you start your risk at 2% and then your draw down ends up being over 10 times that!
Member Since Nov 27, 2015   107 posts
Feb 02, 2016 at 10:55
TalkNowPlease posted:
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

 Your trading is exactly the same as @richfxtrader100 . On avg you risk 2% of your account to start, then it swells to 10-15%. How can you possibly explain that you start your risk at 2% and then your draw down ends up being over 10 times that!

I honestly do not study the system thoroughly, I speak only in general, I work only for performan fee, and if an investor looking for a goal and reach it, it is logical that I will increase the risk to maximize my profit.

in this case, something made him, has a gain, and you do not.

I understand that this situation is because you started to be a follower, without the profit that he had.

He decided to risk some of that profit. and to you, that caused a loss of capital.

What is wrong here is the system of followers. simply can not work, because it does not allow the trader to manage risk wisely.

A loss of 51% of the capital, is unrecoverable in the short term.

And the trade is already closed ...

in my case, my DD was the 3rd of December, when the euro made 500 pips in a very violent way, it certainly was unexpected for me, but from my experience, I know that in forex violent movements always recovered, and close Panic is not a good idea.

But if you do not have, a significant gain, you can not be risking in the market at times of high volatility expected.

This is called risk management, something you can not do with your followers.

PS: My system is not designed to, followers ...
Risk comes from not knowing what you're doing.
Member Since Jan 22, 2016   33 posts
Feb 02, 2016 at 12:41
fxinvesta posted:
TalkNowPlease posted:
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

 Your trading is exactly the same as @richfxtrader100 . On avg you risk 2% of your account to start, then it swells to 10-15%. How can you possibly explain that you start your risk at 2% and then your draw down ends up being over 10 times that!

I honestly do not study the system thoroughly, I speak only in general, I work only for performan fee, and if an investor looking for a goal and reach it, it is logical that I will increase the risk to maximize my profit.

in this case, something made him, has a gain, and you do not.

I understand that this situation is because you started to be a follower, without the profit that he had.

He decided to risk some of that profit. and to you, that caused a loss of capital.

What is wrong here is the system of followers. simply can not work, because it does not allow the trader to manage risk wisely.

A loss of 51% of the capital, is unrecoverable in the short term.

And the trade is already closed ...

in my case, my DD was the 3rd of December, when the euro made 500 pips in a very violent way, it certainly was unexpected for me, but from my experience, I know that in forex violent movements always recovered, and close Panic is not a good idea.

But if you do not have, a significant gain, you can not be risking in the market at times of high volatility expected.

This is called risk management, something you can not do with your followers.

PS: My system is not designed to, followers ...

  So what you are telling me is that you risk a small portion of your account, you don't use stop loss, and your willing to allow a 50% floating loss of your account, all thought you have risked say 2%? I'm sorry my friend but what you are saying makes no sense. What occurred the day you experienced that draw down really doesn't matter, the reality is the market can turn at the drop of a dime, and massive spikes like that of 500 pips which you mentioned on EU doesn't ALWAYS reverse as you said it does. The same exact thing that caused this guy to more then 70% of his profit, is the same thing which caused you to experience a drawdown of over 50% on one trade. To make matters worse, you knew that volatility would hit the market, and you didn't even hedge your trade to manage the risk.

 P.S. you say your system is not for followers huh? So why is it that you sent me a private message asking me if I would be willing for you to trade my account?




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Member Since Nov 27, 2015   107 posts
Feb 03, 2016 at 07:30
You not only misunderstood everything. also you confused me with someone else.

I never said that I just assumed a 2% risk, that is impossible in forex, if you intend a profit to warrant the risk, there are better options for a 2% risk, clearly can not expect higher profits with that risk.

I will ask about your losses, because I saw really desperate. And I offered help FREE OF CHARGE FOR 2 MONTHS.

I did not ask you to be a follower, I do not give that service.

But do not worry, just dedicate your life to complain, and complain, I doubt that will help you recover your lost money, but you keep trying.

I work in this way, I show my work first and then discuss business obviously will not work for you for free, lifetime, I offered only two months ...

I know nobody likes to lose, but keep crying, I do not think that is the best answer, and try to attack someone who tries to help, is directly fool.

But remember, I did not ask anything in return for my help, find another trader to follow, you still have the other half of your money to lose.

And a PM, is a PM, if you do it public, says a lot of the kind of person you are.

In this case I must thank you, everyone can see that I offered free help.

good luck!
Risk comes from not knowing what you're doing.
Member Since Jan 22, 2016   33 posts
Feb 04, 2016 at 07:13
fxinvesta posted:
You not only misunderstood everything. also you confused me with someone else.

I never said that I just assumed a 2% risk, that is impossible in forex, if you intend a profit to warrant the risk, there are better options for a 2% risk, clearly can not expect higher profits with that risk.

I will ask about your losses, because I saw really desperate. And I offered help FREE OF CHARGE FOR 2 MONTHS.

I did not ask you to be a follower, I do not give that service.

But do not worry, just dedicate your life to complain, and complain, I doubt that will help you recover your lost money, but you keep trying.

I work in this way, I show my work first and then discuss business obviously will not work for you for free, lifetime, I offered only two months ...

I know nobody likes to lose, but keep crying, I do not think that is the best answer, and try to attack someone who tries to help, is directly fool.

But remember, I did not ask anything in return for my help, find another trader to follow, you still have the other half of your money to lose.

And a PM, is a PM, if you do it public, says a lot of the kind of person you are.

In this case I must thank you, everyone can see that I offered free help.

good luck!

 I have exposed what you sent me via PM because you're a lier. You sat here and typed that you don't want followers, but clearly you do. Why else would you offer to 'help' someone for free? I have seen your trades and it is the same as @richfxtrader100 because your money management, or lack thereof is alarming. You haven't placed a new trade in several days, and your floating loss is almost 20% Luckly you haven't decided to add to the losing positions because then it would be higher.
 As for risk. Just because can't risk 2% and profit doesn't mean someone else isn't doing it. You must protect your account value at all times and that is something you clearly don't know how to do. Why don't you get off this thread, post on your own thread, and promote that scam broker located in cypress.
Member Since Nov 27, 2015   107 posts
Feb 04, 2016 at 13:19
TalkNowPlease posted:
fxinvesta posted:
You not only misunderstood everything. also you confused me with someone else.

I never said that I just assumed a 2% risk, that is impossible in forex, if you intend a profit to warrant the risk, there are better options for a 2% risk, clearly can not expect higher profits with that risk.

I will ask about your losses, because I saw really desperate. And I offered help FREE OF CHARGE FOR 2 MONTHS.

I did not ask you to be a follower, I do not give that service.

But do not worry, just dedicate your life to complain, and complain, I doubt that will help you recover your lost money, but you keep trying.

I work in this way, I show my work first and then discuss business obviously will not work for you for free, lifetime, I offered only two months ...

I know nobody likes to lose, but keep crying, I do not think that is the best answer, and try to attack someone who tries to help, is directly fool.

But remember, I did not ask anything in return for my help, find another trader to follow, you still have the other half of your money to lose.

And a PM, is a PM, if you do it public, says a lot of the kind of person you are.

In this case I must thank you, everyone can see that I offered free help.

good luck!

 I have exposed what you sent me via PM because you're a lier. You sat here and typed that you don't want followers, but clearly you do. Why else would you offer to 'help' someone for free? I have seen your trades and it is the same as @richfxtrader100 because your money management, or lack thereof is alarming. You haven't placed a new trade in several days, and your floating loss is almost 20% Luckly you haven't decided to add to the losing positions because then it would be higher.
 As for risk. Just because can't risk 2% and profit doesn't mean someone else isn't doing it. You must protect your account value at all times and that is something you clearly don't know how to do. Why don't you get off this thread, post on your own thread, and promote that scam broker located in cypress.

I said that is no longer participating in this forum, you and I, we play in different leagues.
But I will not allow you and your frustration, to slander.
You can not be a follower of my system, because I'm not in any place where you can do it.
I am a money manager, I am not manager followers, which I offered you was to help you recover your loss.
Never talk to change broker, I work with fxprimus, you, with whom you want.
I never told any investor who must work in the broker I say. these things are made by traders who charge rebates.
I do not!! I do not decide the broker, each investor makes that decision.
And I lost a lot of time with you and your frustrations.
If you're so smart, stop complaining and start making money !!!!
Risk comes from not knowing what you're doing.
Member Since Dec 11, 2009   95 posts
Feb 09, 2016 at 08:40
one day his confidence on shorting GBP will wipe his account.
More profit with lower risk is my strategy
Member Since Jan 22, 2016   33 posts
Feb 13, 2016 at 10:00
bhanu545 posted:
one day his confidence on shorting GBP will wipe his account.




There you can see his floating loss on gbp/jpy again! What a noob!

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