I'm in a "green Land" with three trades/5 and I'm waiting for the last 2 trades.how much did it cost you? 40% or 60%?
I'm in a "green Land" with three trades/5 and I'm waiting for the last 2 trades.how much did it cost you? 40% or 60%?
no, you are in lalaland.I'm in a "green Land" with three trades/5 and I'm waiting for the last 2 trades.
Psychology behind this is that meds wants to do everything he can to prove he is right, because he lacked some stuff in his childhood. And of course the trades are fake, for sureThis strategy is stupid because it places the emphasis on '100% success rate' over above just about everything else. So things like, money management, stops, risk:reward, are not important so long as the 100% strategy is maintained. It's as if you're admitting 'Yes im currently losing £££'s on this trade, but so long as I keep the trade opened it wont become a losing trade no matter how much I lose' - how ***ked up is that!
What's more, the irony is that successful traders can afford to have a less than 100% successful strategy and still make more money than you.
I will answer you, just because you're a rookie.This strategy is stupid because it places the emphasis on '100% success rate' over above just about everything else. So things like, money management, stops, risk:reward, are not important so long as the 100% strategy is maintained. It's as if you're admitting 'Yes im currently losing £££'s on this trade, but so long as I keep the trade opened it wont become a losing trade no matter how much I lose' - how ***ked up is that!
What's more, the irony is that successful traders can afford to have a less than 100% successful strategy and still make more money than you.
It's not Luck, my strategy never ever let me down.Watch euro will be back down to 1.27 tomorrow. Lucky git...
i have no problem with trading with wide stops but i should then use very low leverage and my target should be wide as well ...let's just take the gbpusd trade as an example, it went -675 pips in the red, an unrealised loss/drawdown from the 5150 area entry to the current 4475 area low...so assuming that joe trader has a $100k balance in his a/c at entry and uses a 5:1 leverage on the trade that is effectively $50/pip...that one trade went offiside by $50 x 675 =$33,750 = 33.75% of the acc opening balance...even at the 3:1 leverage you belatedly stated you used that was -20.25% drawdown on account on this one trade, let alone the others...add in the others and, well I'll let someone else do the maths, but even at 3:1 leverage, your account was suffering from a huge unrealised loss/drawdown.
Most retail traders are not interested in 2:1 or 3:1 or even 5:1 leverage, they are generally underfunded and use far higher leverages which on these last trades in the sample you have provided, would have probably wiped them out.
That is surely the point you are missing Medbs?
I knew from the beginning that these trades were highly risky trades, so, I did take only a slight leverage for each of these positions (2:1 & 3:1).
Do you want me to show my statement? Why? To accuse me again that I'm giving a fake one?
If you had really reduced position size, in the expectation of high volatility, that is a valuable thing, a smart move but did you actually do it?
Have you actually sit tight during -400pips in the water? Or have you closed your positions long before the big dip? show us your statement that contains entry and exit.
:whistlingI am talking about EURUSD position. If you can't show entry and exit, then your target being met is irrelevant. C'mon you can admit that you had closed it long before.
i DIDN'T SEE such a case before and I don't think that I will.medbs, you are not answering the questions asked....lets say for eg thatbefore your 51510 entry area is achieved again, the lib dems announce that they have broken off talks with the conservatives and that they are talking to labour or worst still from the gbpusd point of view that they can't do a labour deal either and that in any event they would vote down a queens speech by either, the pairing tanks, let's say to 1.4000 will you continue to hold for the sake of being right?
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