99 ways to blow up your account

tar

Legendary member
Messages
10,443
Likes
1,314
I think ive had most of those rules at one point or another, 2,4,5,6 in the last 3-5
years. Bit different now tho :p

1) Never use stop or market orders.
2) Always buy on the down tick and sell on the uptick, for positioning / taking profit or loss.
3) Always consider my whole account at risk at any time.
4) Never use physical or mental stops.
5) Always know that I know nothing re direction, no forecasting.
6) Always know my 'worse case scenario at a price' and my bust out point.
7) Never be a puker :sick::sick::sick: :D
8) Always aim my efforts at outcomes that favour me.
9) Always scale in (add to losers).
10) Long only in anything priced in money (this is new so see how long it lasts :p)
11) Always take the time to find appropriate GIFS for nero1's posts. :cheesy:

Am sure theres more :)
.
 
55514122.jpg

:LOL:
 
i actually understand darktones method of trading small etc.
but if you are trading say £3 per point your **** would fall out without stops
 
i actually understand darktones method of trading small etc.
but if you are trading say £3 per point your **** would fall out without stops

sall relative to acct size....more important to know method inside and out...and when to take evasive action, should some other parameter come into play.
 
i actually understand darktones method of trading small etc.
but if you are trading say £3 per point your **** would fall out without stops

It totally depends on acc size IP. 1 mill acc tarding dax could handle £3 x 30units, less than 1x.
You just have to respect risk imo
 
sall relative to acct size....more important to know method inside and out...and when to take evasive action, should some other parameter come into play.

You would think it is relative , but in reality emotions will kick in when you trade the same method with bigger account , sure you dont believe trading a 200K account is like trading a 2K account .

When your account drops from 2000 to 1500 thats pure fun and lulz but when your account falls from 200K to 150K thats no fun at all .
 
You would think it is relative , but in reality emotions will kick in when you trade the same method with bigger account , sure you dont believe trading a 200K account is like trading a 2K account .

When your account drops from 2000 to 1500 thats pure fun and lulz but when your account falls from 200K to 150K thats no fun at all .

Its all the same unless you lack emotional intelligence
 
In defense of Darky, I think is possible to trade without SL's.
But personally I cannot do it and I have tried with a small account.....I do not sleep at night....
 
You would think it is relative , but in reality emotions will kick in when you trade the same method with bigger account , sure you dont believe trading a 200K account is like trading a 2K account .

When your account drops from 2000 to 1500 thats pure fun and lulz but when your account falls from 200K to 150K thats no fun at all .

Come on Mr Positive
 

Attachments

  • tar.JPG
    tar.JPG
    35.3 KB · Views: 357
You would think it is relative , but in reality emotions will kick in when you trade the same method with bigger account , sure you dont believe trading a 200K account is like trading a 2K account .

When your account drops from 2000 to 1500 thats pure fun and lulz but when your account falls from 200K to 150K thats no fun at all .

Kind of a different point. For me, there's no need to be going wild risk on a large acct. The idea is, more buffer, more relaxed, better decisions, more margin available to manage overall.

Just the way I see it.
 
In defense of Darky, I think is possible to trade without SL's.
But personally I cannot do it and I have tried with a small account.....I do not sleep at night....

Sure , but try to add to that the other points mentioned in the op and you are doomed to fail . The market can do anything .
 
I know a trader he does it very well, mostly he is counter trader, he trades extremes, the bigger the TF, the better, he mostly divergence and OB/OS condition on the CCI indy.

When prices get to the new extreme he enters in the opposite direction, most of the time prices come back in positive, when he does not he will edge and he tries to gain his losses by scalping.

He trades with numerous account, occasionally one will burn out, but the one which do not compensate for them.
 
Sure , but try to add to that the other points mentioned in the op and you are doomed to fail . The market can do anything .

Study rule 5.

Nowhere does he state that he trades directionally, which would expose One to acct busting risk.
 
Sure , but try to add to that the other points mentioned in the op and you are doomed to fail . The market can do anything .

Darky is a smart man, he would not trade in this matter if he does not make sense to him and he is not a kind of person which would take a stand for ego purposes. Maybe we should listen, certainly is not a conventional way to trade at least between retailers.
 
Cheers for the plug Fug but I no think I smart, just another idgiot in ze market ;)(y)

Anyways, I reckon this thread has gotten a bit off topic, so heres mine :D :-


1) martingaling
2) using too much size
3) using stops
4) scalping using stops
5) using size with tight stops
6) doubling down
7) trading ala doomberg
8) buying high
9) selling low
10) setting targets then doing nothing when price gets there
11) trading breakouts
12) waiting for confirmation
13) thinking that you know something
14) thinking that your a star
15) trading scared
16) trading with money you cant afford to loose
17) trading for divis
18) relating your winning to margin reqs
19) relating risk to stops
20) ooops
6099-darktone-albums-general-5-picture4540-schlip.jpg

21) ignoring risk for divis, joe
22) trading with borrowed money that you cant cover
23) thinking that you know something (see 13)
24) acting on that thought^ again and again and again
25) always trading with the trend
26) always fading the trend, with a tight stop :LOL:
27) trading the 1% way
28) thinking that youre trading the 1% way
29) have the lines of the 1%
30) not taking the trades of the lines of the 1%
31) puking em up
32) not pulling the trigger
33) being overly concerned with live calls
34) using risk blinkers
35) using comon sense blinkers
36) using reality blinkers
6099-darktone-albums-general-5-picture4462-risk-blinkers.jpg

37) blogging 24/7
38) basing tardes on lagging indicators
39) placing all your faith in linear regression
40) labelling yourself a scalper but still paying spread
giphy.gif

41) using key time zones
42) not knowing yourself
43) not considering the effects of losses
44) thinking your way is the only way
45) narrowing research to support that view^
46) not considering the psychological side of the market
47) having the fear
48) having the fear
49) having the fear
50) focusing on 99 ways to blow an acc instead of 99 winners in a row,,,, maybe :cheesy:
51) trading full retarde but still thinking your a champ
52) trading whilst drunk
53) trading the ma crossover on the 1min
54) trading methods that rely on brokers generosity
55) putting the technical side before the psych side
56) using key time zones
57) not considering whats not working in your trading
58) taking it too seriously
59) not finding time to have a laugh
60) using market orders
61) thinking your line on a chart will repel a huge order
62) approaching trading as a battle
63) not aiming at prices in your favour
64) spending too much time on zulu
65) buying gold with tight stops
66) again...............ding
67) and again.............ding
68) and again.................ding ding a ringer ding ding
69) then posting that EVERYTHING IS KNOWN IN ADVANCE :smart: and expect no lulz :LOL:
70) trading the news after the announcement
71) with tight stops ^ :smart:
72) believing youre a loser
73) thinking that you can never win
74) thinking 'they' are out to get you
75) blaming your broker for your losses
76) not taking action when opportunity presents itself
77) cherry picking trades
78) changing from system to system when you draw
80) using bows
81) and arrows ^
82) its mr spreadbet but follow him anyway, ya never know rodders :D
6099-darktone-albums-general-5-picture4542-looool.jpg

83) following some muppet on a forum cos he tells you he has the knowledge of the 1%
84) doubling up on said muppets calls ^
85) then not taking profits but get out at break even :LOL:
86) not using limit orders
87) not making the most of the tools provided to you
88) trading the methods of the 70%
89) trading the money rather than the market
90) personalising your losses
91) being unaware of your lack of emotional intelligence
92) being unaware of you ignorance :whistle:cheesy:
93) buying on the uptick
94) selling on the down tick
95) not having some understanding of what money is
96) putting 'being right' before being 'profitable'
97) not having your charts scaled correctly
98) failing to be as water


99) and last but by no means least
6099-darktone-albums-general-5-picture4544-tarder.jpg
 
Top