Posts by NeoRio

It’s June, 2023 and I’ve been trading the Forex fulltime for 15 years. I’ve had my ups and downs; I’ve lost a lot of money and made a lot of money trading. Have I lost more than I’ve made? —well, that’s why I’m posting my 6 master accounts here, for transparency and to help showcase how challenging trading actually is. (But I'm also posting my accounts here to help *me* stay more disciplined and tighten things up as much as possible in this never-ending journey of improving and working hard at being a better trader.) It’s possible and even likely that anyone *can* have a short-term good run with trading and turn a decent profit, but to convert that into a long-term sustainable track record and steady stream of income is so difficult, that it’s very rarely seen. “No profession requires more hard work, intelligence, patience and mental discipline than successful speculation.” – Robert Rhea

Good work Dev, looking forward to your continued progress

Congratulations, ChamChoun, looks like you're managing to pull out of that dip nicely. Thanks for sharing the link, I appreciate the chance to follow along. Regards.

OK, so you'd rather not receive questions about trading gold and silver vs currencies?

Interested to hear from investors in the PAMM account. How is your experience so far with this fund manager? Thanks.

I guess last Friday turned out to be too difficult to recover from? I see the PAMM account has been deleted. On Friday, there were open positions that presented serious drawdown to the account...I was curious to see how he would manage that going into the new week. I guess it was too good to be true and the joy-ride is over...for now. Will be interested to hearing from some of the dozens of investors into the PAMM account.

ChamChoun, I'm curious about your comments concerning trading Silver and Gold. You said you can make much bigger profits trading them over currencies...why is that? And why are you not able to trade Silver and Gold on live accounts? Thanks.

This is a good problem to have. Someone once said that the best way to gauge a trader's success is by looking at his withdrawals, not his profits.

Cheers

Nice write-up. The war-zone analogy is a good one...I often liken trading to sailing a small boat on the raging waters, in the middle of the ocean. The chances of getting swallowed up are pretty high. While I have nothing against demo trading, I understand your preference to trade live accounts--albeit, micro lots--than demo accounts. I find that I trade a live account or demo account pretty much the same...it's the longevity (or the long-term profitability streak) that makes the difference in the end.