NCM Conservative Diskussion

So who had the balls to hold on and get out at BE?

sold with 8% loss earlier...

I also closed trades early for a little less than 4% loss of the money I was trading with them. If you have a small account then holding during drawdown is no problem but when you are trading large accounts it makes sense to accept a loss rather than risk the whole account on an uncertain outcome. If you are not prepared to accept a loss every now and again then trading Forex is the wrong activity for you. Knowing how to manage a loss is important for any forex trader whether they are trading manually or using an EA.

Fully agree. Do you continue with their service? Got a larger account and rly unsure

Kn0rtzsch posted:
Fully agree. Do you continue with their service? Got a larger account and rly unsure

I am continuing with them because they had a very long history without a large DD but I am trading significantly less money with them at this time. I may increase it depending on how trading goes.

53.04% is not a large DD ???? 😀😁😀 And they have a 'large amount of cash' which is worth nothing if something go's wrong. After so many years they made $1.4k us dollars in almost 4 years and you say that this is a good system????? 😁😀 Wake up and read the entire numbers. All risks are in your pockets and your high risk setups.

One more simple detail: all your accounts are registered under their IB, so they make money even when you loose money or cut your loses. They make money when you take trades in parallel with their trades on that traded accounts. And all smart traders are copying with large accounts which are linked through BOTs but heeey, that accounts are open under their IB again, once again they make money again. So, .. think twice.

Huge DD (53.04%), balance account value = to pay my rent for one month in Miami FL, -> profit after 4 years? the same = one month of rent in California. Big boys are playing with real money. This system is for kids!!!!!!!!

Wake up newbies.

All the best

53.04% is not a large DD ???? 😀

53.04% is not a large DD ????
After so many years they made $1.4k us dollars in almost 4 years and you say that this is a good system?
Huge DD (53.04%), balance account value = to pay my rent for one month in Miami FL, -> profit after 4 years? the same = one month of rent in California. Big boys are playing with real money. This system is for kids!!!!!!!!

Wake up newbies.

All the best

Oscar, read what I wrote not what you think I wrote. Big boys can read and understand. They had (past tense, something else that big boys understand), not have (present tense) without a large DD. Yes, recently they did have more than 50% DD but for years before that they didn't. Deposit of $300 and balance now of $1781, that's almost 500% return. Something else that experienced traders understand Oscar is that as an individual you can put in MORE than $300 and make MORE money, enough to pay your rent. I had AUD210,000 with them and walked away with more than UAD90,000 profits. More than enough to pay my rent. Time to bush up on the reading and thinking skills.

Looking back over this thread you get what appear to be FUD posts: -

Simple grid strategy without SL. Swap gradually destroys the account.

A grid strategy combined with martingale recovery style without SL. Swap gradually ads up and all accounts are going under water one by one. Each system has their problems, has bad days weeks or months... this is forex, the banks game with lot of price manipulations, SL's hunt, fake news etc.

Are they just FUD posts or is there any merit to what they are saying?

How to Make a Living Trading for Serious Traders, Crazy. I guess they doing this for years already.

The biggest disadvantage of this system is. But it is admirable that he is still alive

Fx_challenger posted:
The biggest disadvantage of this system is. But it is admirable that he is still alive

Not until in now. Its about that. All good things must come to end. Grid/martingale/ at some point will kill your account regardless how 'conservative' you are.

Thats all folks its a wrap. It was a good show tho

It's not quite over just yet. Their downfall was trading during the mid-term elections. Rookie mistake

peretz posted:
It's not quite over just yet. Their downfall was trading during the mid-term elections. Rookie mistake

so what now? the guy is not rookie but chose to use risky strategy

There strategy was not conservatieve! They did not monitor the account anymore. I warned theme before the fall. But they didn't listen. I send theme several emails. But they didn't respond to my mails at all.

robvdmeer posted:
There strategy was not conservatieve! They did not monitor the account anymore. I warned theme before the fall. But they didn't listen. I send theme several emails. But they didn't respond to my mails at all.

They had one of the best track records I have ever seen. I think they got discouraged on the last major drawdown period and stopped putting as much attention to the signal as before. The strategy works well in a bull market. Bear markets have too strong of trends for this to work unfortunately.

Results of what?