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Posts by sbresee

in hundy1987 feed Sep 03 2013 at 23:13
This sounds like a safe system to use, I wish you the best of luck! 10% a month compounding each month for several years will make a nice account in the future, keep me posted on how you do!
in hundy1987 feed Aug 30 2013 at 15:24
Anyhow that is my 2 cents on equity and how I grow money, in the end you still have more than you started with, and that is a win!
in hundy1987 feed Aug 30 2013 at 15:20
I should not do math while cooking, 25% draw down on 500k is 375k, maybe I need to go back to school, and stop cooking!
in hundy1987 feed Aug 30 2013 at 15:16
Sorry, my math wrong, 25% draw down on 50k is 37500, going to fast!
in hundy1987 feed Aug 30 2013 at 15:13
I trade my account this way, markets move and you need to give them some breathing room to make your trade complete what it needs to. Just get used to seeing your account down, but continue on, I have and have grown far past the example I gave you. I started 7 years ago February with 100, and it was slow going the first year, but I learned alot and over time it grew nicely and I trade just like when I had a small amount but with heavier leverage. If you worry all the time about equity you will loose when you could have won, not grow as fast, and probably start over a few times, all because someone is telling you to keep your equity low. So break out of the box and try growing a retirement for yourself when you are old!
in hundy1987 feed Aug 30 2013 at 15:02
I personally like 25-30% draw-down, I have had it for 7 years. Let me explain how equity has very little to do with your account if you are managing it correctly. Let say you open your account with 750, and over a few months grow it to 1000, but you are 25% down, well you are back to your original 750, but you continue trading always having about the same draw-down, and after a few years your account is now 50k. You still have the 25% draw-down, so equity brings it down to 47500. Now you continue growing with the same 25-30% draw-down, several more years, and the account is looking very nice at 500k, but the equity is at 475000. You decide to pull the money out and take the 125000 loss. Question! Is it really a loss? No, you started 5 years ago with 750, and you now have 475k.
in hundy1987 feed Aug 29 2013 at 17:56
Where would you be had you not taken any losses and let the positions ride out until they went?
in forexpipcatcher feed Aug 29 2013 at 02:15
I really get fired up when I see you nail some moron feeding everyone some line of bullshit, so I usually poke my comments in and back you up! I have to agree though, when you have a big run of wins, for me large wins, you do feel a little arrogant, but that is why we have your comments, to let the hot air out of our heads!!
in Thenni feed Aug 28 2013 at 01:31
I created my own rules from daily candles about 8 years ago, so the only people that trade my rules are the ones I have shown. I get around 140-160% a year, but several years ago I was getting about 400% a year, but when I made it to six figures I slowed it down some. Without hedging I would barely get 80%, seems good, but not after making what I have for so long!
in Thenni feed Aug 27 2013 at 14:58
You must trade similar to how I trade, I also use hedging, I began trading in 2007. Have grown my account every year, not like you, but slower. You are doing fabulous, so keep up the good work! What part of the U.S are you from?
in falcon333 feed Aug 26 2013 at 18:56
I assume you have live accounts also?
in forexpipcatcher feed Aug 21 2013 at 18:51
Late market movement caught me off guard! Closed out 289 pips for $613 gain, I like those surprises!
in chisha feed Aug 21 2013 at 17:38
Go to, and then click on social area, this guy has only been trading for 6 months or less, but has stumbled onto something. I am now starting with very small leverage and following his style of trading. He started with 14362.00 in May, and has doubled his initial investment 8.77 times. I was blown away to find out it was a live account, he thinks he is just trading normal, so I am building my own EA, or a manual trading script and enjoy this new idea. As of this morning his account is now over 81000, and this is a live account. This guy is trading 3 or 4 pips at a time through the opening sessions in the world markets, but I think he uses too much leverage, so I am coaching him to use less, but he has not been in trouble yet!!
in superscalper feed Aug 16 2013 at 18:09
You are getting some nice monthly returns, I try for at least 10% as a goal. With the size of my account now, 10% means 45k a month, and that is more than I will ever make managing grocery stores, like I used to. Advice! Try not to touch the money, it is amazing what taking out 1000 will do to your account in one years time. You could be cutting your throat on 10k, so I try and only take out to meet my needs ( about 3500 a month).
in 10folds feed Aug 16 2013 at 01:08
I tried your eur/jpy yesterday and took about 65 pips, so thanks for the tip!
in granitepeakibc feed Aug 13 2013 at 15:37
I created my own rules on the eur/usd, jpy/usd, gbp/usd, chf/usd, aud/usd, cad/usd, and nzd/usd. I only manually trade, and choose to trade only one currency pair at a time. My DD's are much larger than most on here would like, but my system lets the trade stay open until it makes the trade. All my accounts have been steady over 7 years, and with the small leverage I use I can sleep at night and not worry!
in granitepeakibc feed Aug 13 2013 at 12:26
I trade the gbp/usd much of the time, but I only take about 200 pips a day! I have been trading since 2007, and have had nice steady success. What other currency pairs do you trade?
in Algol4ever feed Aug 12 2013 at 10:42
Yes, I can share a little about the rules I created. They are my ideas on how the market moves and really the emotion in the market from day to day. I am totally off the beaten path of what you should do in trading and believe it or not it works, year after year. My rules call for Large DD, and small returns, the world tells you to have small DD, and large returns. On day one of learning how to trade, most people probably learn about my rule, without knowing about it and continue on learning how the world wants you to trade.
in msuhaimi2007 feed Aug 09 2013 at 16:16
Same as me, plus I want to be in charge of my money, not someone else!
in msuhaimi2007 feed Aug 09 2013 at 15:08
Do you trade live account?