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What makes one a Professional Trader?

vontogr (togr)
Feb 12 2019 at 12:47
4862 príspevkov
BluePanther posted:
togr posted:
I can for example imagine trading 1 lot trades on 1,000 account. With tight SL TP it will work as long as majority of trades will be profitable.


I hope you are not serious, but if you truly believe what you say then I question your credentials / experience.
Sincerely, I hope you are making millions, but 99% of traders cannot achieve such trading finesse and they would be wiser to use a larger account and smaller trade sizes.


Do you know you yourself do trade almost 0.5 lot per 1,000?
Like these trades on 7k balance
01.30.2019 07:34 01.30.2019 08:00 AUDUSD Buy 3.63 - - 0.71982 0.71990 0.8 14.93 25m 0.20%
01.30.2019 22:03 01.30.2019 22:04 GBPUSD Buy 3.55 - - 1.31168 1.31102 -6.6 -347.52 55s -4.47%
01.29.2019 22:33 01.29.2019 23:00 GBPUSD Sell 3.39 - - 1.30841 1.30772 6.9 303.38 26m 4.41%


Nasrul
nasrul_poyo
Feb 12 2019 at 14:38
124 príspevkov
I admire both of you.

Matt (BluePanther)
Feb 13 2019 at 12:20
1354 príspevkov
togr posted:
2. Again bad trading, good trading. You are not the one to decide. Everyone has to have its own trading plan.


But I am the one to decide! If you don't follow my risk management (yes, of course it is mine) then you are definitely not a professional trader (sarcasm). I guess that means you are unprofessional since you don't follow my advice? No surprise.

togr posted:
Do you know you yourself do trade almost 0.5 lot per 1,000?
Like these trades on 7k balance
01.30.2019 07:34 01.30.2019 08:00 AUDUSD Buy 3.63 - - 0.71982 0.71990 0.8 14.93 25m 0.20%
01.30.2019 22:03 01.30.2019 22:04 GBPUSD Buy 3.55 - - 1.31168 1.31102 -6.6 -347.52 55s -4.47%
01.29.2019 22:33 01.29.2019 23:00 GBPUSD Sell 3.39 - - 1.30841 1.30772 6.9 303.38 26m 4.41%


Not sure which account you refer to, however none of my public accounts are my primary account with the majority of my funds.

The public accounts are not traded at the level of risk I would prefer, and they actually run systems I do not have full confidence using upon my main account. Hence, there may be larger than normal trades upon them.

0.5 Lots per $1000 is a great deal less than 1 Lot per $1000.
This means 50% less:
- margin requirement;
- drawdown;
- profit;
- RISK.

Gabor33
Feb 13 2019 at 13:45
49 príspevkov
I just dont get how the yen flash crash could ruin your account, that you keep saying, since even with 50 lots on a 5m account the worst result was no more than 4% loss with that 400pips that happened. or do you even leverage up like crazy an account like that?
Coz without leverage ppl shouldn`t even use stop losses, so you`d be perfectly fine.

Matt (BluePanther)
Feb 14 2019 at 08:20
1354 príspevkov
Gabor33 posted:
I just dont get how the yen flash crash could ruin your account, that you keep saying, since even with 50 lots on a 5m account the worst result was no more than 4% loss with that 400pips that happened. or do you even leverage up like crazy an account like that?
Coz without leverage ppl shouldn`t even use stop losses, so you`d be perfectly fine.


You are looking at one pair of 400 pips? I had trades on both AUDJPY and NZDJPY, the systems I was using opened in a linear-sequence cost-averaging, so although less risk than GM it still increases more than static lots.

I expected only market movements of $20,000 per 0.01 starting Lots, but this was insufficient (obviously).

You gotta increase your risk if you trade larger, otherwise what is the point of having millions and not making money on that? You might as well put it in the bank at 0 risk and lose your money over time to inflation.

BipinBike
Feb 14 2019 at 08:45
10 príspevkov
Most people use 100+ leverage so a 400 pip move can easily destroy an account . Some broker even offer 1000 leverage so a smaller move could wipe out all money

Nasrul
nasrul_poyo
Feb 15 2019 at 13:55
124 príspevkov
BipinBike posted:
Most people use 100+ leverage so a 400 pip move can easily destroy an account . Some broker even offer 1000 leverage so a smaller move could wipe out all money

I'm using 1000 leverage and so far bigger move like flash crash on 3 Jan 2019 did not wipe out all my money yet 😂

Gabor33
Feb 15 2019 at 14:02
49 príspevkov
BluePanther posted:

You gotta increase your risk if you trade larger, otherwise what is the point of having millions and not making money on that? You might as well put it in the bank at 0 risk and lose your money over time to inflation.


I just don`t know what you`re talking about... you don`t make sense. if i had 5 million, i would never ever use leverage again. Thats the best risk management bcoz your account can easily survive a move even as big as the CHF one few years ago. All i would need to do is make on average a few hundred pips monthly, that would get me lets say 4-5% return which is about 50% return in a year, i guess you can calculate 50% of 5 million... which bank does that for you?

Ive read this 'argument' in this thread and i think that vontogr dude knows what he`s talking about, but you are, my friend, just chatting s..t all over the place. How can someone talk about good risk management and then fk up a 5m account when a little, few hundred unexpected move happens?

Are you trying to sell something here? maybe just go back to learn instead of advertising yourself.


AniLorak
Feb 20 2019 at 07:01
920 príspevkov
BipinBike posted:
Most people use 100+ leverage so a 400 pip move can easily destroy an account . Some broker even offer 1000 leverage so a smaller move could wipe out all money


I don’t think, leverage is the key! In Forex, your knowledge is the key; when you have enough knowledge then you’ll be able to use these kind of trading features so smartly.

FXBO (goldeneye007)
Feb 20 2019 at 07:12
20 príspevkov
Gabor33 posted:
BluePanther posted:

You gotta increase your risk if you trade larger, otherwise what is the point of having millions and not making money on that? You might as well put it in the bank at 0 risk and lose your money over time to inflation.


I just don`t know what you`re talking about... you don`t make sense. if i had 5 million, i would never ever use leverage again. Thats the best risk management bcoz your account can easily survive a move even as big as the CHF one few years ago. All i would need to do is make on average a few hundred pips monthly, that would get me lets say 4-5% return which is about 50% return in a year, i guess you can calculate 50% of 5 million... which bank does that for you?

Ive read this 'argument' in this thread and i think that vontogr dude knows what he`s talking about, but you are, my friend, just chatting s..t all over the place. How can someone talk about good risk management and then fk up a 5m account when a little, few hundred unexpected move happens?

Are you trying to sell something here? maybe just go back to learn instead of advertising yourself.



I have to agree with Gabor33 & Vontogr. Matt A.K.A 'BluePanther', you go on and on about 'Risk Management' and actually you lost nearly 15M, proof in my attachment and worse than that.

I am shocked someone even sent $5.00 and was the $100.00 donation you or a friend, would love to know. You may think I am hitting back at you, but I am not, what I am saying is think twice what you say about other traders here, that seem to know more than you Matt Todorovski. I use to admire the way you conducted yourself, but alias not anymore, and you are welcome to hit back at me if you so wish?

Stephen Smith.

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