[QUOTE=“MoneyNVRSleeps;617238”] Does it really matter D-pip? He still turned 41% today… He is up 62% in March, which is impressive, he is on the right track,[/QUOTE]
72% but I appreciate your support. Trading pretty much max risk btw, and losing trades that I pretty much held for an entire day. I love haters, I am no dreamer. It also doesn’t take a rocket scientist to figure out regardless of how much I currently have in my account, as long as my trading stays consistent I will turn a profit much faster and surpass your account regardless of size In several years time. Essentially being the first person to turn his $1.74 into over a million in history. Watch and learn buddy. Keep watching my journal and silently steeling my trades, while you hate in the sidelines
My goal of 5% a day, has now been at 10% average a day… AND, the good news is, Im not at 97%, im now at 78% strike rate. Holding crap trades ruined my mindset, and now I have fixed that problem…
I now use a 10 pips stop, now matter what, and dont move it,… Tuff lesson to learn, you cant win them all…
Just keep chippin away…
And for those in Chile, Be safe… ( 8.0 EarthQuake in last hour)
I don’t hold crap trades, I predict entire days my dude. Just because the market goes against me 40 pips does not mean my trade was a bad trade. Been down much worse in a day to see the market reverse completely and I end up in profit by the end of the day. This is not always the case, hence a few losing trades. Plus human error is impossible to completely rule out. Your 10 pip stop is a sure fire way for me to never succeed on the Dailey level no offense. I spent a year researching this concept, no offense, but I do know what I am doing. However do keep up the good work! You too are killin it!
Im a scalper, more less… Im cool with 3 pip moves, and even just 1.5 pips… 40 pip drawdown is, to me, a bad trade and a bad prediction in price action, and that just dont float with me, no offense…
I try to perfect my entry, or snipe the action, get the pips, and get out… To much crap is going on in the world, and truthfully, at ANY time, ANY pair can crash and burn, without notice, edge, crystal ball, it doesnt matter…
I play to win, if I have 6,000 units, I throw 5,999 in the trade, and keep 1 “chip”, just because…
I cant afford to be wrong… Heck, Ive gone 144-3 at one point… But Im behind schedule because I was not willing to lose.
I want to be around 25% a day myself…
You going to risk it, then risk it… I just think 40 pips against a trade, is saying bad entry [B]in my book[/B]…
You evidently have something good going, just keep on track, and do your thing…
Right you are, I agree a 40 pip drawdown is unacceptable. But if you have noticed (other than my human error which cost me 55 pips the other day) I have gotten hella better at getting into the right pairs that have the lowest drawdown from dailey open out of the top 10 I ussually trade. I have only been performing phenomenally these last 2- 3 weeks now. Had to learn exactly what pattern to look for in the money. I still haven’t quite figured out exactly how much each day will draw down prior to trade entry, however I am getting pretty damn good at figuring out what in the stats I trade represent this figure. Let’s see how I do tonight. Today I only drew down 8 pips and took 70… should have taken over a 100 but lost my patience so I just go out.
Yes but you can’t sweep under the carpet that the starting balance was $1300 and now it stands at a few dollars. No doubt a lesson well learned? Great strat but poor MM.
EDIT: Just caught up on the posts… apparently not. :rolleyes:
I lost that G over a year ago mate. I haven’t really deposited anything since. Spent more time in research and development. Now I want at least $20 off my $1.74 before I deposit a nickel let alone another few G’s. Yes lesson well learned, did I apply lower risk? Nah, I want a high risk highly profitable system. I already have a beautiful low risk system, risking only .03% per trade returning 2% a month. 2% a month is s*** to me. I want a 100k before I trade that way. Until then I work on my high risk model for fun and to see if I can accomplish what no other trader has been able to. With my luck I will be the first xD
Understand the bravado, but lets face it, its going to end up in a car wreck. Aventador Crash - Moment of Impact - YouTube $480k down the pan just this Sunday for speeding. Hope the analagy is not lost? :D:D:D
Hard core micro til you figure it alllll out, then make the move… HELL YES! Finally someone around this b**** got it! lol There we go, any newbies reading this forum, learn from this guy, not from me he will tell you exactly how it is and how it should be done. If you can’t make a $1 outa $.15 you aint got no name in the game period. I cheated and started with a lil over a dollar but for a good few months I was trading with less than a dollar pretty much just breaking even til I really found my edge.
Yo MNVRS, when we hit our first Million, we are going throw one baller ass party my dude. Hands down!
You and me both bro, I want to get my posts up as well and get that “FX-Men Honorary Member” title lulz. shiiiiit, If I have to pay my first mil for it i will. lulz. Nah I will save the mil to blow in one night, the first night I hit it! lol. I’m thinking we rent one of those zero grav planes for a weekend and just float around like the bosses we are… Thousands of miles above those below us. Takes a brilliant mind, Hella dedication, hella wrong moves before you make the right ones to be in the top. And you already know both of us are going to make it! Yeah I can’t wait til tonight, gonna get that trade if it exists pass out and wake up to the money, be it a dollar or a few cents. Doesn’t matter to me as long as I am on my way to the top! This month is going to be crazy for real!
Funny, the entire forum is laughing at us, lol… I can see it, lol…
Bro, I dont Fly, boat, or transport, I dont trust machinery… LOL… Unreal, huh? I also have a family, so Im locked up to an extent,… Maybe when we are invited to ring the Opening Bell, we can get it in that week, LOL…
Yo, Lets just get thru the first step, and thats Tonight, Right? Im actually EST, so Im getting set to wrap it up…
Im at that point the water is up to my nose, Its Time…
I gotcha man, they won’t be laughing when we actually achieve what we set our minds up to. And a family is nice I got a girl but nothin to serious yet (even though she kinda expects a ring O.o)
Opening bell? At like the new york stock exchange or something? That’s a pretty brilliant idea if I am on the same page as you. I’m getting quite tired myself but unfortunately I got another 2 hours before possible trade entry God give me the strength to stay awake… I need it tonight.
Catcha tomorrow, should get on chat sometime if you get the chance? Any ways, good skillz be at your side tonight, and sleep well man!
Lol, me and money have a lot in common. I kept my risk levels constant over the past year in effort to increase my accuracy to hopefully reduce the downside enough to still risk heavily, but trade profitably over the short term, to hopefully effectively do this long term as well. High risk is very unadvisable to most, for good reason, but if successful, high risk nets high reward
I agree about the schooling. I have some money or school (wish I could trade it instead… Rather it’s sitting I an account until I turn 35 if I don’t go to school). I a a pioneer, not a follower of the masses. Nothing wrong with school, but if the system I desired already existed, everyone would have the degree that taught it lol.
I got a girl but nothin to serious yet (even though she kinda expects a ring O.o)
God give me the strength to stay awake… I need it tonight.