För att använda chatten måste du logga in.

I Really Need a Mentor That is Making Money

lebogang (peterfxpunctual)
Jan 25 2018 at 13:26
3 inlägg
killaogbobby
Jan 29 2018 at 06:38
22 inlägg
FXTrader1983 posted:
So how's that so called millionaire search coming for you?? Lol


it went get ... still looking for more information from millionaire and since you not one lol

FXTrader1983
Jan 30 2018 at 07:03
53 inlägg
Oh...'it went get' huh? Might be why you're still looking lmao. Like I said...I don't have to be a millionaire to know what I'm doing(this is in less than 2 months) lol


Bilagor:


killaogbobby
Jan 30 2018 at 07:14
22 inlägg
FXTrader1983 posted:
Oh...'it went get' huh? Might be why you're still looking lmao. Like I said...I don't have to be a millionaire to know what I'm doing(this is in less than 2 months) lol



oh wow .. your super awesome and super cool .... Everything about you is cool ....Can i be like you ? When can i start ??

Mythsphinx
Jan 30 2018 at 08:42
9 inlägg
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.

Example.

Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.

9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000

That's a net loss of -$100.

In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.

Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.

TNguyen
Jan 30 2018 at 10:52
40 inlägg
Mythsphinx posted:
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.

Example.

Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.

9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000

That's a net loss of -$100.

In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.

Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.



If the risk : reward is 1:1 then this system could be the best.

lebogang (peterfxpunctual)
Jan 31 2018 at 07:01
3 inlägg
Mythsphinx posted:
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.

Example.

Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.

9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000

That's a net loss of -$100.

In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.

Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.

GREAT TRUTH

Fortis Fortuna Aduivat
vontogr (togr)
Jan 31 2018 at 07:39
4862 inlägg
killaogbobby posted:
Hello

I been trading for 5 years and I was full time. I learned everything on my own but I realize I need a mentor someone to help me be more consistent and take me to the next level. I can not learn from someone who is not a multi millionaire from trading. My belief is -- you can only lead someone as far as you have gone yourself. I believe I need to be tweeked .... not trading 101 ground zone, unless my mentor deems it necessary . I'm looking for someone who is really passionate about help someone succeed. If your mentor does want or believes in you then you won't succeed. Anybody who is making money and has time to spare to screen share have a few trading conversations and help me get to the next level. It is much appreciated ..


...I Really Need a Mentor That is Making Money...
Do you understand that
such guy does not need you :)

FXTrader1983
Jan 31 2018 at 07:55
53 inlägg
Mythsphinx posted:
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.

Example.

Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.

9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000

That's a net loss of -$100.

In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.

Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.


This is true. However, my expectancy is currently 9.4 pips at .99 cents. You can see the pips that have been accumulated thus far. Do a little math and their you have it.

Mythsphinx
Feb 01 2018 at 08:43
9 inlägg
That's great. Keep it up. Hope you keep on improving on your trading and making more profit.

Another thing I wish to pass on to new traders is that pips doesn't tell you if a system is profitable or not. My expectancy is currently -10.7 pips with +$0.98. So I'm expected to lose pips but make profit. So be careful if someone just post how many pips they make per week but doesn't tell you if they've made profit or not.

Also, My gain is -60%+ but absolute gain is +9%. Again, gain alone doesn't tell you the true story of whether someone is profitable or not. In my case, I think the reason I have negative pips and gain is because I lost for the first 5months. But I was able to recover in the last 5 months and somehow my stats are messed up. But I'm leaving it like that so other traders can see for themselves and hopefully learn not to follow blindly into +gain accounts that doesn't show absolute gain, drawdown, etc... I've seen accounts with 1mil%+ gains but doesn't show the rest of their stats.

If you are following the progress on my account, there is a chance you might see the account blown in the next couple of months because I'm testing increasing the risk 5x to test how I handle it (psychology). Basically to see if I'm ready to invest more money into trading.

The way I'm trading is simple. I have $5k but I will trade as if I have $25k in my trading account. In truth, I do have $25k, but $20k is in the bank and $5k is in the trading account. This is my way of risk management in case my broker goes broke or something. I'm still risking 2% of my total trading cash which is $500 (for $25k), but on my account it will look like 10%. I've placed one trade so far and already the bigger number is making second guess myself a little. I plan to power through and either swim or sink. So in a month or 2 you will either see a bigger account or a blown account.

Logga in för att kommentera .