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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?