RWFXM - KINGDOM Discussion

Bwizard

Very well said and I believe the same thing when it comes to trading and rules and having an edge.
Here is a vouch for you.

R

robw135 posted:

One thing that I need to point and again this goes with your reading comprehension issues is the fact that I said that I want to hide my trading details and this is true, its not only in our e-mail but if you read my website carefully I clearly state that after a year of history I am going to close my live trades to anyone even the investors. I am not that naive not to think that if I can trade this method profitably for at least a full year (full market cycle) that people will not try to use that information beyond my control by investing my lousy minimum and then copying those trades on a much larger portfolio. If clients want to leave me for that reason, so be it.

R

Robert,

Not to be on the 'other side' here, but I am trying to understand this more out of ignorance than doubting your abilities!

1. Why would you care if someone 'stole' the technique and traded it with a much larger account? Is it because the larger account would impact the market to a point where your entries/exits are no longer valid? That you might lose your clientèle to this person?

2. Do you think Historical trades would impact you to a point where someone would take those and then replicate what you do in the entirety?

3. Why don't you share your 'signals' with a much larger group like through zulutrade, zipsignals, etc. as I would think that would be a better source of income than private investors since you have a much larger source of buyers?

4. How did you learn to trade like this? Did you have a mentor, forums, etc...? Did anyone share anything with you along the way that was instrumental?

I come across so many great strategies and I trade futures, forex and do RE investments, but I fail to understand some facets of the investment world from the eyes of others and I am in this to learn more. :)

Gil

Gil

I have no problems answering logical questions even if you would take the other side, what Will is doing is guessing and accusing based on guesses.

1. I make no secret of my technique and I'll share it with you if you want to. It just takes time and patience to learn. Its very simple after you know what you're looking for but the problem is 99% of people do not have the patience for it and even if they do they, they don't have the faith in the technique or themselves. I don't think it would impact liquidity very soon, I think I can probably retire on this trading millions without making dent in liquidity

2. Not really, there is no hard algorithm formula that I follow and I choose different pairs depending on how the PA is developing to make the trade so I doubt you would find a pattern. But if someone wants to waste their time be my guest. If someone wants to make an EA I'll share my ideas with you but I just don't believe it will work long term automated.

3. Again, the fees there are too small for the potential of the system as I see it developing and I have no control over the amounts being traded with it and which trades are taken or not. What if someone takes more weak trades then the stronger ones and then goes on a crusade against me like Will does. I'd rather not make that money and avoid those fools. I don't even need to trade OPM so I'll only trade on my conditions with those that are freely willing to accept them.

4. Past mistakes, lots of internet and forum reading, no mentors no gurus - stopped following rules that everyone follows which only led to the same place that everyone else ends up in eventually - helped a lot.

R

Robert,

Thanks, very good information. I would love to see your technique and see how it differs from how I trade as well.

Forex is more or less play for me while I master my futures trading. Always open to new methods. Will contact you when I get through my move.

Gil

robw135 posted:

One thing that I need to point and again this goes with your reading comprehension issues is the fact that I said that I want to hide my trading details and this is true, its not only in our e-mail but if you read my website carefully I clearly state that after a year of history I am going to close my live trades to anyone even the investors. I am not that naive not to think that if I can trade this method profitably for at least a full year (full market cycle) that people will not try to use that information beyond my control by investing my lousy minimum and then copying those trades on a much larger portfolio. If clients want to leave me for that reason, so be it.

R

Rob, if you're talking about people using MT4 trade copiers, I could be wrong and I guess it depends on the way your broker has set up PAMM accounts but I don't think it's possible to copy trades from a PAMM account. The money is in effect transferred to your central PAMM account and your clients have no access to this account unless you give it to them.

Gil

I was thinking about it and you can probably find description of what I do all over the net, but the issue is with implementation.
But I guess that is the key to any method

Steve

No its not about just MT4 copiers, the way its done technologically does not matter, I make so few trades that it can be easily done manually just by following what I do on my account.

R

Ouch, what happened Rob?

It's what's known as 'trading without a stop loss'

I agree Steve. No stoploss and being too concerned about a perfect Balance curve. I guess the comments above were not far from the truth... Investors will learn from this lesson.

He talked a good talk, maybe he'll be able to recover? I see floating equity is around 40% though.

No stress. It was Margin Call only.

Yes, it was a margin call
No, I do not and will not use SL
Everything above is still true.

R

A bump in the long road, will back where I was pretty soon.

R

Again? You need to seriously review your trading. I don't trade with a stoploss but I also don't get margin called or blow accounts every two months. I also don't attain percentage results like you because I trade low leverage so I don't have the all too familiar 'boom and bust'. I don't usually say things like this but you are trading other people's money. That's my issue.

Patience

I hear you, I'm working on all those things as well but its a process.

I only got margin call on this account which had a more aggressive approach then my FXCM account which is in great shape.
I'm happy with the way I pick trades and I'll probably just reduce the risk on this account as well going into the future.

R

This is one thing I don't understand about traders that don't use a stop loss.

How do you decide what your risk is without knowing what loss you are prepared to accept on a trade?

If you look at a trade and decide your lot size then do you have in mind what the maximum equity is that you are prepared to lose on that trade?

All good questions Steve

Everybody has their own answers.

There is no reason to panic, I looked at a trade, it looked good and it still looks good, even better, except I was too early - which is not uncommon except this time I was too greedy.
I have my guidelines as to what size the trade should be and if I had stayed with them I wouldn't get the margin call even if it fell another 500-600 pips. Unfortunately I got greedy too early and added too many positions and it cost me.
Fortunately I followed my rules at FXCM so we'll have a nice profit there.
Another lesson to follow your plan.

R

I love the HOPE and HOLD strategy.

This traders attitude is quite Up beat for having a margin call. He acts like it is No big deal to him and he is too stubborn to admit that is his trading style is unprofessional. And states that his other accounts are in Great Shape.(please upload your FXCM statement to another Publisher to display your Idea of Great shape.)

After reading all these comments, he is OK with 50% equity because he has so much faith in the Annual market cycle that he claims to exist. If he is really enjoying trading and is an active trader, he would have seen the YEN Strength and USD strength. READ SOME NEWS. ....and for someone to just sit back and do nothing about it really shows that this trader will never last in this unpredictable market.

And, comments above are still showing Hope and possible recovery from this episode.'' Patience'' and ''Steve'' both are 100% correct. Why use your Margin call for your Max Stoploss?

You could have hedged your bad trades back at a 10% equity drawdown until the dust settled and until your patterns became much clearer and more precise.

Well, if you have that much confidence in yourself and your strategy..... this is very good. and Best luck to your recovery...

robw135 posted:
    Yes, it was a margin call
No, I do not and will not use SL
Everything above is still true.

R

And a new love story begins.

Good luck dude!