How not to make money trading the markets

This is a discussion on How not to make money trading the markets within the Trading Journals forums, part of the Reception category; Yeah, some bad accounting on my part (still seem to have £3 from somewhere which I can't account for). Anyway, ...

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Old Mar 10, 2009, 1:21am   #46
 
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Hotch started this thread Yeah, some bad accounting on my part (still seem to have £3 from somewhere which I can't account for).

Anyway, balance is £575.16, and that seems to agree with my excel. Current positions are at roughly B/E

see what happens in the morning.

Hugs!
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Old Mar 11, 2009, 2:00pm   #47
 
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Apologies

Hotch started this thread Sorry for not keeping this up to date, am still trading it. Just want to find something with a few more trades, daily is a bit boring.

Anyway, attached is a spreadsheet with all the trades taken.
Attached Files
File Type: xls Random Trades.xls (29.5 KB, 382 views)
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Thanks! The following members like this post: KillPhil08 , elitejets
Old Mar 11, 2009, 3:59pm   #48
 
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Well you are clearly mad ... and madly profitable.
Nice experiment
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Old Mar 13, 2009, 12:49pm   #49
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Hotch, you still doing this experiment?
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Old Mar 13, 2009, 5:55pm   #50
 
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go for it !
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Old Mar 13, 2009, 8:42pm   #51
 
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Hotch started this thread
Quote:
Originally Posted by pips-galor888 View Post
Hotch, you still doing this experiment?
Yeah, still going, just got a few accountancy errors, about 40-50% up, going to sort it out over the weekend.
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Old Mar 14, 2009, 7:20pm   #52
 
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Hotch started this thread Right, Currently up £210.58 (approx 42%)

Going to leave it here for now, might of made a huge error in back testing. :O
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Old Apr 14, 2009, 3:11pm   #53
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wtf is a 5% stop?
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Old Apr 14, 2009, 3:21pm   #54
 
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Hotch started this thread A stop at 95% of the price if it's a long and 105% of the price if it's a short.
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Old Apr 30, 2009, 10:19am   #55
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whats the basis of using that kind of stop?
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Old Aug 19, 2009, 12:13am   #56
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i think this is great. but you know, on a more serious note it also kinda validates the effectiveness of diversification. by spreading risk over several instruments (even if entry is based on a coin toss). perhaps if you had traded just one instrument, the odds might have stacked up less in your favour? i think your profit is simply be the result of excellent (albeit unwitting) diversification among the currency pairs. who knows, eh?

Last edited by Schixm; Aug 19, 2009 at 7:38am.
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Old Oct 7, 2009, 3:57pm   #57
 
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out of curiosity do you place the trades at the same time each day?
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