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big losses the last few weeks

Rihan
RSTrading
Aug 25 2015 at 13:18
385 zpráv(a,y)
The last few weeks were exceptionally hard on my accounts. I also saw some pretty stable accounts of other traders go bust.
I was testing some new ways, which did well for weeks and then ....BOOM...out of the blue false signals were produced and I acted on them. Too many stoplosses were hit and just more and more false signals came out. Some of my real accounts suffered unrecoverable (in short term) damage.
Did you guys also experience hard times?

Ari Goldman (arigoldman)
Aug 25 2015 at 15:35
907 zpráv(a,y)
Yes. I believe everyone of us has had bad trades and bad periods. It's important not to give in to this emotion. Tough times don't last, tough people do.

Rihan
RSTrading
Aug 25 2015 at 16:03
385 zpráv(a,y)
Yes, the usual ups and downs are fine.. I can cope with that, but I would like to know if anyone experienced 'exceptional' difficult times in the very recent past or just me? Or did my accounts buckle with the usual ups and downs?

Alex
Look009
Aug 25 2015 at 21:15
224 zpráv(a,y)
market was hunting the super-leveraged accounts trying to hit its stop losses... usual story

CaptainVita
Aug 26 2015 at 06:53
20 zpráv(a,y)
Rihan i feel you.

I have since last week like 90% loosing trades and normally i got always around 80% winning trades. I even almost grilled one of my accounts last week because i got demotivated and angry and wanted to earn fast the lost money back so i traded big lots. Usual beginner mistake 😁

Have as well a feeling like i have now a bad period.
Maybe its the best to just go to vacation or just concentrate on something else when you think you got a bad period and just relax for a while and think about something else and try it a while later again 😄

Craden20
Aug 29 2015 at 09:21
19 zpráv(a,y)
RSTrading posted:
 ....BOOM...out of the blue false signals were produced and I acted on them. Too many stoplosses were hit and just more and more false signals came out. Some of my real accounts suffered unrecoverable (in short term) damage.

Practically in the forex, we all know that fiinding a good forex signals provider that will work well is not easy. Experience has shown that the Internet is full of unreliable third party signal providers who boast very attractive websites with high subscription service rates and testimonial references which could you get you believing but still is not worth it. Here is an advice I will give you: when you are convinced that you have found a potential good forex signal service provider, make sure that they should present to you their last trading history results. It is punishable offence of they give you information on this that is not true.And most importantly, a reliable signal provider wouldn't be reluctant to give you a free trial.

dannbb
Aug 29 2015 at 09:23
5 zpráv(a,y)
last month and this month are summer trading months, low liquidity, and lots of air pockets, TP and stoploss is not respected in this kind of market

IXBONE
Aug 29 2015 at 09:57
97 zpráv(a,y)
nope, do an async hedge to minimize your (open/closed) loss

theHand
Aug 29 2015 at 12:52
365 zpráv(a,y)
We're in trending markets. Mean return systems will fail. All my position building systems have literally exploded. You should try have both in the market at all times. There are really only two systems you can do, regardless of how you do it.

You can see below exactly where the trending started here. I was wafting around and then all of a sudden...





It does look a bit rough, but I think that was due to that NZD spike. That was a very unusual event. Doesn't happen often.



Příloha


theHand
Aug 29 2015 at 12:58
365 zpráv(a,y)
And here's my mean return, between these two I can pinpoint the change closely, 21-22 Aug the market started trending.



It will recover in due course when the markets return to ranges. Then the trending one will flatline again. And so it goes. Just keep making sure you have systems running for both markets and that way you won't have to do threads like these.

Regardless of the loss here, I'm up 30% net in 2 weeks. Position building systems don't build positions in mean return markets, but they are frustrating as hell to watch. So this way I always have something that's working.

The idea is to hedge systems. Not trades or positions.

Příloha


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