Discusión Pipster

I wonder how long before this account blows up. Terrible trading, just another hope and pray strategy. People never learn...

Nobody 'hopes and prays' to achieve 300% so far for the year ;-) , Yes I did mistakes but we will all learn. this situation i am in is not based on my strategy, so unfortunately i broke my rule book. so once i am out I shall be re-aligning it, thanks for your negative comment. Just allows me to prove you wrong, stay tuned :)

Where do you see 300%??? You balance is up 300% but your equity is up only 100%. With the 50%+ max DD so far, that is not impressive at all.

 I can make 1000% in one day as well with your way of trading. The problem is I will be in a 90% DD. You are holding your trades and hoping they come back This is just one of many strategies that are at 100% risk all the time and eventually blow the whole account. It may happen today or in 3 months but it will happen eventually. I am sure you will delete your account pretty soon if you keep doing what you are doing.

I'm not hoping, I have been hedging and partially removing the position as I got caught in it, yes I did a bad mistake. I can assure you the way I trade is not the typical, I trade based on Market makers pattern, traps, and fake moves and bounces on EMA's. I'm very confident as I've done ALOT of work and studies. I can also point out you are a failed trader or you are envying how I managed to gain so much and still not get burned, even my loss in February I recovered in the same month (I lost 2.5K that month), thats why you are bringing your negativity here without any positivity. Once I get out of these trades please return and see me in 2 month time when I will be in equity highs and returning to 30%+ months. Cheers and enjoy your weekend.

You think this is smart trading and money management? Holding positions until they come back even if it takes months... You have been in floating DD of over 50%, that says it all about your strategy. It really must been a hell of a fake and bounce since it looks like it hit you in the head if you really believe in what you are saying. You were overleveraged on UsdCad and got lucky that it went back up. If it continued the downtrend, you would already have 0 balance. This is pure luck since the UC went down 500 pips and you were still holding. This will keep happening over and over until you blow all your profits and the deposit.

I would have brought positivity but there is absolutely nothing positive about your trading. Only positive is the profit but even that is eventually going to be wiped out if you keep going like this. The fact that you need to get out of the trades because you stayed in them for too long. Now you feel like you have to get out so get out. It means you know that they are bad but you refuse to close them and rather risk than take the loss and move on. That is a huge flaw in your psychology, a trader that cant admit he is wrong is the worst kind of trader. If you have done so much work and studying, then why is your account only a few months in age? Mate, you are going to blow it eventually and the probability is 100%.

And comments about my trading or lack there of mean nothing because you can not see my performance so you cant speculate. I will not tell you if I failed or not, it has nothing to do with your 'system' of fakes and bounces))) I only comment on what I can see and there is really not that much to see here. I give you 3 more months, a 80-90% DD during that time and finally a blow account. Thats how it always goes, there are no exceptions. When that happens you will delete the account and that will be the end of it. You are just another wannabe trader who got lucky for a while but is now struggling to save his account and only sinking deeper and deeper.You are a complete amateur who is delusional on top of that and the next 3 months will prove it. Enjoy your failing acount as long as you still can.

You are a failed trader because you came here on pure negativity, wishing me all the bad luck you can throw at me as you are envying I achieved 300% in 3 months, its hilarious.. Where did I say I wasnt wrong, I did a bad mistake and I did admit to it, anyway you are nobody to me, and your opinions will never matter. My account is open because I am confident and I know I'm good at what I do, hence why you are a failure at trading, where are your results? If you are as good show them.

I dont need to close the floating DD because I'am managing it and It is now floating at 20% which is a small amount, and I now I will be out in due time. Now go back to doing what you do best by slacking systems online because thats what failures do

You indirectly stated I'am lucky which is indirectly envying that infact I am just good at what I do. i feel sorry for you, come back in 3 months time like you said to bark some jealousy.

You have 3 winning trades over 100 pips but 16 losing trades over 100 pips. The risk/reward seems out of balance.

Obviously you're doing a good job of picking winning trades overall, but with those big drawdowns and losses, it could well be down to luck rather than spotting a solid entry point.

I look forward to reading the rest of your thread and seeing how you progress. This looks like the kind of high adrenaline trading that is appealing for the thrill, but not for me.

waleed121 posted:
You are a failed trader because you came here on pure negativity, wishing me all the bad luck you can throw at me as you are envying I achieved 300% in 3 months, its hilarious.. Where did I say I wasnt wrong, I did a bad mistake and I did admit to it, anyway you are nobody to me, and your opinions will never matter. My account is open because I am confident and I know I'm good at what I do, hence why you are a failure at trading, where are your results? If you are as good show them.

I dont need to close the floating DD because I'am managing it and It is now floating at 20% which is a small amount, and I now I will be out in due time. Now go back to doing what you do best by slacking systems online because thats what failures do

You indirectly stated I'am lucky which is indirectly envying that infact I am just good at what I do. i feel sorry for you, come back in 3 months time like you said to bark some jealousy.

You were saying? LOL
I admit, I was wrong. It happened even faster than I predicted.

It was luck and bad strategy after all😇

chesterjohn posted:
You have 3 winning trades over 100 pips but 16 losing trades over 100 pips. The risk/reward seems out of balance.

Obviously you're doing a good job of picking winning trades overall, but with those big drawdowns and losses, it could well be down to luck rather than spotting a solid entry point.

I look forward to reading the rest of your thread and seeing how you progress. This looks like the kind of high adrenaline trading that is appealing for the thrill, but not for me.

Possibly due to me reducing my drawdown on the USDCAD so I would have -negative pip days but overall profit still.

sjkhaushu posted:

waleed121 posted:
You are a failed trader because you came here on pure negativity, wishing me all the bad luck you can throw at me as you are envying I achieved 300% in 3 months, its hilarious.. Where did I say I wasnt wrong, I did a bad mistake and I did admit to it, anyway you are nobody to me, and your opinions will never matter. My account is open because I am confident and I know I'm good at what I do, hence why you are a failure at trading, where are your results? If you are as good show them.

I dont need to close the floating DD because I'am managing it and It is now floating at 20% which is a small amount, and I now I will be out in due time. Now go back to doing what you do best by slacking systems online because thats what failures do

You indirectly stated I'am lucky which is indirectly envying that infact I am just good at what I do. i feel sorry for you, come back in 3 months time like you said to bark some jealousy.

You were saying? LOL
I admit, I was wrong. It happened even faster than I predicted.

It was luck and bad strategy after all😇

I took the loss to start fresh, new and adapted the method, I would most likely only take few trades a week and be more precise, this chapter has actually brought me forward to a new chapter of decisive entries, I have not been happier or more confident then now, I have spent countless hours over the past few days since taken the loss, literally my life has been me and my screen for the past 4 days. Nonetheless I have seen something remarkable in accuracy and adapted my indicators to indicate to me once price is ready to reverse in line with the Market Maker's trend (The true trend) This would enable me to literally have no Drawdown ever in a whole month, the Drawdown would be literally the trade itself and the stop loss (no more than 20-30pips), embrace yourself for something new and exciting to watch, I hope, and I'm sure.

In Forex it's not about the loss its the lessons learnt and movement towards your goal, that separates a winner and a loser.. with an amateur and a professional :-) Peace out.

Amazing job! Just last week you were telling me I dont know anything about trading and that you were the professional. Yet you managed to blow 60%+ of your profits in 10 days. You went from 8k in realized profits to 3k. I told you exactly what is coming soon and you dismissed me hahaha. In my experience traders never change their strategy, its very connected to their personality. You will never be a great trader because you are going to stick with some variation of the current strategy which is holding on to losing trades which works most of the time but when it doesnt, it blows up in your face like in your case. You might improve the strategy but that doesnt mean much if you keep using the same basis for it.

Well now all trades have SL's as you can see, and rarely are the SL's hit, as I recognise when its a wrong trade and im out, with minimal losses. Up 55% for the month. I'm happy with the way things are going. Lets see if I can recover watermark highs.

Still happy? Like I said, your strategy is not working. You are down almost 70% from your equity highs. Keep trading like this and you will blow up your account soon.

Another one gone. It would be funny if it wasnt sad...