College Fund Challenge

This is a discussion on College Fund Challenge within the Trading Journals forums, part of the Reception category; Ok, well after a couple of losses, I doubled up and one is back 100%. The 1hr chart I'm still ...

View Poll Results: How close to my goal of $2,000,000 do you think I will get?
You think I will blow the account and my $100 will be lost. 79 58.52%
You think I will somewhat earn a profit $200-$1,500. 17 12.59%
You think I will get a pretty good return but not close to $2,000,000. 27 20.00%
You think I will get way more then $2,000,000. 12 8.89%
Voters: 135. You may not vote on this poll

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Old Feb 28, 2012, 2:07am   #601
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread Ok, well after a couple of losses, I doubled up and one is back 100%. The 1hr chart I'm still waiting for a trade to open.

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Old Mar 2, 2012, 10:15pm   #602
Joined Feb 2011
Re: College Fund Challenge

By increasing the size of your trades, you increase your risk of busting the account.

This can easily be seen by the dramatic increases in the size of your drawdowns in the last month.

You are now on a suicidal track with your account, but then I guess the intent is to show as big an increase as possible. Then when you bust, you start all over again
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Old Mar 3, 2012, 12:37am   #603
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by zammitman View Post
By increasing the size of your trades, you increase your risk of busting the account.

This can easily be seen by the dramatic increases in the size of your drawdowns in the last month.

You are now on a suicidal track with your account, but then I guess the intent is to show as big an increase as possible. Then when you bust, you start all over again
That is the problem with my system. You're insightful.
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Old Mar 3, 2012, 2:06am   #604
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
That is the problem with my system. You're insightful.
When this account goes bust, (as it inevitably will due to the suicidal magnitude of risk on your latest trades), it will be your third busted account in less than 12 months??
I think I saw somewhere on this thread that the last account lost everything AND went into a capital loss of MINUS 36%
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Old Mar 3, 2012, 2:13am   #605
Joined Feb 2011
Re: College Fund Challenge

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Originally Posted by shewolf View Post
Your first EA lasted less than 4 months before spectacularly collapsing with two huge 60% losses (2 x 250 pips) which busted your account and gave you a MINUS 36% loss.
Yup, here it is. Minus 36%

By my calculations and by looking at the dramatic increases in the size of your drawdowns in the last month, you have INCREASED the size of your stop loss positions and your drawdowns are becoming suicidal.
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Old Mar 3, 2012, 2:33am   #606
 
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Re: College Fund Challenge

Quote:
Originally Posted by zammitman View Post
When this account goes bust, (as it inevitably will due to the suicidal magnitude of risk on your latest trades), it will be your third busted account in less than 12 months??
I think I saw somewhere on this thread that the last account lost everything AND went into a capital loss of MINUS 36%
Yeah, but that doesn't matter when it's not his money does it?
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Old Mar 3, 2012, 4:18am   #607
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
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Yeah, but that doesn't matter when it's not his money does it?
It's all my $. I keep emotion out of it so I am at peace.
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Old Mar 4, 2012, 4:34am   #608
 
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Re: College Fund Challenge

Knew this wouldn't go exactly as planned. Keep it up and remember to be realistic. =)
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Old Mar 4, 2012, 5:14am   #609
Joined Sep 2010
Re: College Fund Challenge

tkbieber started this thread
Quote:
Originally Posted by ActiveTrader#1 View Post
Knew this wouldn't go exactly as planned. Keep it up and remember to be realistic. =)
I"m risking 5% per trade and thus far seems to be pretty realistic.
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Old Mar 4, 2012, 6:09am   #610
Joined Feb 2011
Re: College Fund Challenge

Quote:
Originally Posted by tkbieber View Post
I"m risking 5% per trade and thus far seems to be pretty realistic.
Excuse me???? How can you say that?

On Jan 18 you had a drawdown of 11.12%
On Jan 19 you had a drawdown of 17.62%
On Jan 26 you had a drawdown of 23.74%
On Jan 30 you had a drawdown of 27.38%

On Feb 17 you had a drawdown of 31.06% !!!!
On Feb 22 you had a drawdown of 17.66%

As you can see from Jan 18 to Feb 18 ( a period of only one month) your drawdowns have increased almost 300%

If you look at the drawdowns from the start of your trading with this new account, you will see that your drawdowns have increased dramatically.

As I have said in a previous post, by my calculations and by looking at the dramatic increases in the size of your drawdowns in the last month, you have INCREASED the size of your stop loss positions and your drawdowns are becoming suicidal.
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