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Wher Are All The Good Money Manager
forex_trader_91886
Member Since Sep 18, 2012
143 posts
Nov 11, 2013 at 05:09
ahuruglica posted:iceberg12 posted:
Will open up some more information.................I am not clear what you mean by your statement
"Also your account is PAMM. Let say I want to invest with you, but I want to invest 50% of your account. How can I be sure"
You mean whether it is possible to start with 50% of the client minimum deposit?
No I mean if you have 10,000$ in your account, I will risk 50% of that so I will invest 5,000$. What I mean is that if you blow of your account my pain will be 50% of yours. In contrary if you win, i will get 50% less, witch doesn't matter.
The size of the account does't matter if you, but as an investor i would like to know how much you're risking in your strategy, if your account is "big" then you believe in your stratege, if your acc is lets say 100$ you want to make money from others, not your self.
The point is, if you want investors (i'm judging by your account PAMM and name of acc. Investments) you have to show more.
Investor funds are not traded in a pool (where all the funds are traded together) if that's what you're referring to.
The minimum deposit set for clients is 10,000 with a max dd of 30% which your account will never exceed. Highest Peak drawdown in any given month so far has been just over 3%.
If you want to invest with $5000 I can make an exception if you are comfortable with the risk where default max drawdown will be double the default max DD at 60%..............many investors would not be able to sleep well knowing that their account could be in at 30% drawdown much less 60%. That depends on your risk appetite........
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 11, 2013 at 12:08
@bfe00325
Just don't delete the system, on my watch list. Just in case here the link:
http://www.myfxbook.com/members/bfe00325/forexfarmer-whiterock-fx-real-account/721061
I've seen many comments like you. Search the blog, please do. Most of the people claiming what you are claiming have deleted they systems. One think is common, they are believed they're dream, so do you. All I want to tell you, martinagle is risky and it has only one destiny. 33% drawdown in first 10 days, wake up.
30 days is short term in my time horizon, but I bet everything you will not survive one year. Someday when you at least expect, markets will change, margin call bell will ring.
Just don't delete the system, on my watch list. Just in case here the link:
http://www.myfxbook.com/members/bfe00325/forexfarmer-whiterock-fx-real-account/721061
I've seen many comments like you. Search the blog, please do. Most of the people claiming what you are claiming have deleted they systems. One think is common, they are believed they're dream, so do you. All I want to tell you, martinagle is risky and it has only one destiny. 33% drawdown in first 10 days, wake up.
30 days is short term in my time horizon, but I bet everything you will not survive one year. Someday when you at least expect, markets will change, margin call bell will ring.
forex_trader_91886
Member Since Sep 18, 2012
143 posts
Nov 11, 2013 at 12:10
ahuruglica posted:
@iceberg12
Now I see, you opened some more info, which is good for you. Hope you'r account goes north, and you get as many clients as you want.
Now i can give you a critic, a good one. As I see equity is always higher than banlance, which mean you want to let profits run and cut loses, which is very good. So far did't pay off for you, but it will pay in the long run.
I can't see your history, but try to scale out wins and move stop to b/e, second target much higher. It will reward you.
Thank you for the positive comment and keen observation......that is my goal to transition from part time trader to full time fx fund manager.
My focus is on annual returns more skewed towards the longer term investor; the better months are up ahead for me....It has a little to do with the nature of the system as well and the current market cycle.......I have had a few hurdles as well in my day to day transactions in the first couple of months but I am chugging along and looking to get the fund in profit by december. The first few months are usually not so good......
Thank you for your feedback
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 11, 2013 at 12:33
@iceberg12
We got a little misunderstanding. I don't want to invest to someone, nor manage someones funds. Im here to share ideas and experiences.
I said if "I want to invest" just as an example that if I consider investing I would like to know more about your performance, an older real trading history, etc.
About drawdawn, i personaly think max is 15% (not monthly).
We got a little misunderstanding. I don't want to invest to someone, nor manage someones funds. Im here to share ideas and experiences.
I said if "I want to invest" just as an example that if I consider investing I would like to know more about your performance, an older real trading history, etc.
About drawdawn, i personaly think max is 15% (not monthly).
Nov 11, 2013 at 13:17
ahuruglica posted:
@bfe00325
Just don't delete the system, on my watch list. Just in case here the link:
http://www.myfxbook.com/members/bfe00325/forexfarmer-whiterock-fx-real-account/721061
I've seen many comments like you. Search the blog, please do. Most of the people claiming what you are claiming have deleted they systems. One think is common, they are believed they're dream, so do you. All I want to tell you, martinagle is risky and it has only one destiny. 33% drawdown in first 10 days, wake up.
30 days is short term in my time horizon, but I bet everything you will not survive one year. Someday when you at least expect, markets will change, margin call bell will ring.
I usually dont delete accounts that's why i've linked my profile... i have accounts there since 2009...
About the drawdown, the 33% was the most in profit so check the real information good before fire such comments... and again you are tottaly far away of the reality about my system... but keep an eye on it... in 30 days we talk again... dont forget me cos i will not forget you!
forex_trader_91886
Member Since Sep 18, 2012
143 posts
Nov 11, 2013 at 20:54
ahuruglica posted:
@iceberg12
We got a little misunderstanding. I don't want to invest to someone, nor manage someones funds. Im here to share ideas and experiences.
I said if "I want to invest" just as an example that if I consider investing I would like to know more about your performance, an older real trading history, etc.
About drawdawn, i personaly think max is 15% (not monthly).
Oh ok.... I understand now.
I agree totally with the longer track record being an asset.
And my max drawdown stated is on the overall account and not monthly......Highest monthly drawdown so far has been about - 3% and I intend to keep it that way......
I also work with clients to adjust the max risk to their capital once the allocation can permit.......
For example:
A client with 10K capital allocation will be managed at default maximum drawdown of 30%
A client wanting to invest 20K has the option to be managed at default maximum drawdown of 30% or upon request I can adjust the risk down to 15%.........
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 11, 2013 at 20:54
@bfe00325
I'm not a guy that forgets. Be sure of that. Not even to try everything just to prove a point.
Just one think i am sure of, martinagle strategy is a risky one. Sometimes it works on demo, but on real almost no chance. Use every chance you'll get to withdraw from the market, because someday it will be too late. Martinagle is not a strategy that lets you compound wins.
Either way, i might be wrong, only time will tell.
Wish you great success.
I'm not a guy that forgets. Be sure of that. Not even to try everything just to prove a point.
Just one think i am sure of, martinagle strategy is a risky one. Sometimes it works on demo, but on real almost no chance. Use every chance you'll get to withdraw from the market, because someday it will be too late. Martinagle is not a strategy that lets you compound wins.
Either way, i might be wrong, only time will tell.
Wish you great success.
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 12, 2013 at 05:55
@iceberg12
I'm interested to know what type of technical analysis do you use.
I almost tried everything, almost nothing worked except Elliott Wave and Fibs. I also keep track on market sentimet cause i feel comfortable going against the crowd (speculators).
I use myfxbook only to upload my trading ideas, so later i can have a look on my mistakes. Hopefully improve.
I'm interested to know what type of technical analysis do you use.
I almost tried everything, almost nothing worked except Elliott Wave and Fibs. I also keep track on market sentimet cause i feel comfortable going against the crowd (speculators).
I use myfxbook only to upload my trading ideas, so later i can have a look on my mistakes. Hopefully improve.
Nov 12, 2013 at 05:56
Martingale is risky if you don't know math or money management,
It is better to sit down and draw it out on paper to better understand what would happen if you martingale a grid out to 1000 pips or whatever you feel is safe.
Sleep is for the weak
Nov 12, 2013 at 08:00
ahuruglica posted:
@bfe00325
I'm not a guy that forgets. Be sure of that. Not even to try everything just to prove a point.
Just one think i am sure of, martinagle strategy is a risky one. Sometimes it works on demo, but on real almost no chance. Use every chance you'll get to withdraw from the market, because someday it will be too late. Martinagle is not a strategy that lets you compound wins.
Either way, i might be wrong, only time will tell.
Wish you great success.
Now we are talking the same language!! keep an eye on it and thanks!😎
Nov 12, 2013 at 08:01
dgaf posted:
Martingale is risky if you don't know math or money management,
It is better to sit down and draw it out on paper to better understand what would happen if you martingale a grid out to 1000 pips or whatever you feel is safe.
500% correct!!! 😎
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 12, 2013 at 09:54
@bfe00325
In fact I good at math, but that doesn't matter. The deeper your pocket is the safer the martinagle. On forex what i understand deep pocket have only central banks, even they sometimes fail.
First two things I learned on trading is: 1 never add to a loosing position and 2 cut losses fast and let profits run. And I learned to obey these rules the hard way.
These are two rules that martinagle strategy dont take into account, that is why i don't like it.
In fact I good at math, but that doesn't matter. The deeper your pocket is the safer the martinagle. On forex what i understand deep pocket have only central banks, even they sometimes fail.
First two things I learned on trading is: 1 never add to a loosing position and 2 cut losses fast and let profits run. And I learned to obey these rules the hard way.
These are two rules that martinagle strategy dont take into account, that is why i don't like it.
forex_trader_91886
Member Since Sep 18, 2012
143 posts
Nov 12, 2013 at 10:59
Guys.......we can let the results speak for itself........
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 12, 2013 at 16:53
Good advice m8 😉
Except one thing, I never promoted my trading style, called it efficient or seeking for investors.
I have 5 years experience in the markets and consistently aware of risks involved. In my 5 years experience the firs two was very important, blowing many accounts.
So whenever I see somebody very confident on their system, I think it is OK to remind them of the risks involved. There is no holly grail system and the will never be.
Except one thing, I never promoted my trading style, called it efficient or seeking for investors.
I have 5 years experience in the markets and consistently aware of risks involved. In my 5 years experience the firs two was very important, blowing many accounts.
So whenever I see somebody very confident on their system, I think it is OK to remind them of the risks involved. There is no holly grail system and the will never be.
Member Since Apr 21, 2013
98 posts
Nov 12, 2013 at 18:31
Look at home many trades my system has placed in a very short amount of time.... and the overall accuracy is high.
forex_trader_136673
Member Since Jun 28, 2013
842 posts
Nov 12, 2013 at 19:36
forexalertsystem posted:
Look at home many trades my system has placed in a very short amount of time.... and the overall accuracy is high.
Good system, you should go real.
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