ha! all 4 screens? this is the first page of one of the accounts. i think its the second set of numbers.
My trading strategy blows goats... should I change?
- Thread starter Family_Guy
- Start date
-
- Tags
- trading strategy
ha! all 4 screens? this is the first page of one of the accounts. i think its the second set of numbers.
oh and of course if you want to be really picky, you could start calculating all those numbers, ie exit - entry and times that by 5. and if you want to be even more picky, i did say i close out my last trade at 3750, when in actual fact it was 3700, so i did make a mistake there.
oh and just so that you know, 3791.5-3500 = 291.5*5*5 = 7,287.50
you are a few trillion off 
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
by the way m8 .i understand where u coming from ie , being so young and going for sheet or bust .......... do agree with TH a lil here and reckon u should put some of that cash aside now that you made yourself a nice lil capital base to work with
but hey if you dont and continue this way ,,,, hell who is to say it shouldnt be done . your cash .your choice . just hope you continue winning and turn into a gigazillionaire by the time ya 25
good luck with it champ
but hey if you dont and continue this way ,,,, hell who is to say it shouldnt be done . your cash .your choice . just hope you continue winning and turn into a gigazillionaire by the time ya 25
good luck with it champ
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
oh and just so that you know, 3791.5-3500 = 291.5*5*5 = 7,287.50
whats a few trillion in a forum hey ?I resemble that remark !!
Hey "Ive" ----- personally it doesnt worry me whether you made a squillion or not, and if you have, brilliant, ---- i gotta be honest; i'm still a "bit" skeptical though
, sorry mate, but with the sort of claims you have made you gotta expect that -- but that doesnt mean i dont like your style !!what scares me the most (or in the case that your claims are true, what interests me the most) is that i have a few of your habits (except the one where you risk 100% on a trade
ie scaling into positions around the top/bottom of a perceived reversal etc ---- TH has shown us all that he can turn 2 grand into 20 grand when he gets in the zone (and thats on his "play" account lol ), so your claims from a monetary % are actually believable --
I'm seriously not trying to rain on your parade on a personal level, but the average punter doesnt need to be given any info that could be considered dodgy, cause it could end up costing them their shirt if you get my drift --- and believe me i know what its like to lose my shirt --- and i dont look good in underwear !!!
I havent been through many of the trades you pasted up (im not that pedantic) , but this one i'm having a little trouble with
DEAL Closing trades 23/12/08 BSWQ77AC Australia 200 Cash (A$5 Mini Contract) - 3500 A$ +5 3791.5 A$7,287.50
opened long at 3500 (whatever date) and closed at 3791.50 on the 23/12/08 correct ??
M8, if i'm missing something, i apologise, but as i say, you have to accept skepticicity (i made that up
) when making big claims Cheers.
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
is that i have a few of your habits (except the one where you risk 100% on a trade
.
UH OH
hope that does not make my sanity doubtable also as this is a method i often use
lol not the 100% but the scaling in on perceieved reversal points
- Joined
- 9 July 2006
- Posts
- 5,920
- Reactions
- 1,590
I noticed that you were asking about brokers before Ivant.
The best one that l have come across so far is Tradestation.
http://www.tradestation.com/brokerage/overview.shtm
Platform looks good and services also.
If it only did shares (and more) on the ASX, l would be in.
The best one that l have come across so far is Tradestation.
http://www.tradestation.com/brokerage/overview.shtm
Platform looks good and services also.
If it only did shares (and more) on the ASX, l would be in.
UH OH
hope that does not make my sanity doubtable also as this is a method i often use
its an interesting point actually. i add to losses and heavily. ill pick a few points and rate them as to how likely i think they will be. ill enter lightly at the first likely reversal point, and then add more and more at the next ones.
I resemble that remark !!
Hey "Ive" ----- personally it doesnt worry me whether you made a squillion or not, and if you have, brilliant, ---- i gotta be honest; i'm still a "bit" skeptical though
what scares me the most (or in the case that your claims are true, what interests me the most) is that i have a few of your habits (except the one where you risk 100% on a trade
TH has shown us all that he can turn 2 grand into 20 grand when he gets in the zone (and thats on his "play" account lol ), so your claims from a monetary % are actually believable --
I'm seriously not trying to rain on your parade on a personal level, but the average punter doesnt need to be given any info that could be considered dodgy, cause it could end up costing them their shirt if you get my drift --- and believe me i know what its like to lose my shirt --- and i dont look good in underwear !!!
I havent been through many of the trades you pasted up (im not that pedantic) , but this one i'm having a little trouble with
DEAL Closing trades 23/12/08 BSWQ77AC Australia 200 Cash (A$5 Mini Contract) - 3500 A$ +5 3791.5 A$7,287.50
opened long at 3500 (whatever date) and closed at 3791.50 on the 23/12/08 correct ??
M8, if i'm missing something, i apologise, but as i say, you have to accept skepticicity (i made that up
Cheers.
yea i entered in at 3500 (which i think was an automatic entry through an order to open) and closed on the 23/12. i know what you are thinking, that point doesnt exist on the chart. do you remember that crazy last 3 minutes of trade, when the market was up a lot? i closed that out on my phone. i was happy. got back home, they reversed my trade due to irregular trades. thats that -5000+ on that day. ig markets deleted that spike and reversed my trade. they actually ended up giving me the 5k back later, but thats besides the point. well noted though my friend
hehe ive been in my underwear a few times
i know what its like too. actually when in 2007 i borrowed 20k from the bank to invest in stocks. one of the stocks was CENTRO. i didnt even have underwear after they went into a trading halt the day i wanted to sell. that hurt. although, out of interest which info do you mean?
haha only a few extra keystrokes.
hahaha gigzillionaire? thats a been insane. that would be funny just to laugh at buffett
im definitely cutting down on risk, or more so, not increasing the amount of positions as much as my capital base is. ive had too many close calls and there is no way im trading at 100% anymore. its still crazy, but i try not risk more than 50%. the only thing though is that i cant definitely say where i stop out, because i look at particular support and resistance levels and wait for a confirmation of a move against what i wanted before i cut.thanks a lot for that
i will be checking them out in detail today. i cant find a demo anywhere, but im sure they have something :0 thanks again UH OH
hope that does not make my sanity doubtable also
haha ---- its too late for you to start worrying about that Nun
i know what you are thinking, that point doesnt exist on the chart. do you remember that crazy last 3 minutes of trade, ....... well noted though my friend
all good ---
just needed to confirm the reason for the anomaly, cause the numbers were obviously conflicting with the chart ----- that was the info i was after .... now cleared up
hehe ive been in my underwear a few times
i didnt even have underwear after they went into a trading halt the day i wanted to sell.
no underwear at all :22_yikes: ----- bummer :arsch:
actually that also explains the drawdown ive been asked about before.. it wasnt a drawdown it was them reversing my trade. but yea that was one whacked day... i think i lost my voice. my dad was with me in the car and though i have completely lost my sanity. he knew im insane as is, just not THAT bad.. haha. yea Centro too all i had at the time haha.
Nice screenshot ivant. Send that off to the mag "Smart investor" and they'd use that as a centerfold spread.
Theres a snippit of your running profit and loss. Its a bit cut off. Maybe you've never closed a losing trade and its actually running at A$ -1,140,000.00
Theres a snippit of your running profit and loss. Its a bit cut off. Maybe you've never closed a losing trade and its actually running at A$ -1,140,000.00
Nice screenshot ivant. Send that off to the mag "Smart investor" and they'd use that as a centerfold spread.
Theres a snippit of your running profit and loss. Its a bit cut off. Maybe you've never closed a losing trade and its actually running at A$ -1,140,000.00
lmao!! haha it was actually a few points down. back in positives now. and you added a few zeros
although smart investor had stuff like that, i swear!!- Joined
- 23 April 2008
- Posts
- 268
- Reactions
- 1
oh my friend, i think mr livermoore would laugh at my MM haha. what i said and showed is only numbers. whats that famous phrase, that you find on all hedge funds and ponzi schemes: past results are not indicative of future returns? i dont know anywhere near as much about the markets as id hope, and i am nowhere near good enough to pick perfect bottoms. in that trade i was going long right about where the market started dropping. what saved me was position sizing. van tharps favourite thing
Man, got to love Jesse Livermore though, what a legend he was
- Joined
- 23 April 2008
- Posts
- 268
- Reactions
- 1
I resemble that remark !!
Hey "Ive" ----- personally it doesnt worry me whether you made a squillion or not, and if you have, brilliant, ---- i gotta be honest; i'm still a "bit" skeptical though
what scares me the most (or in the case that your claims are true, what interests me the most) is that i have a few of your habits (except the one where you risk 100% on a trade
TH has shown us all that he can turn 2 grand into 20 grand when he gets in the zone (and thats on his "play" account lol ), so your claims from a monetary % are actually believable --
I'm seriously not trying to rain on your parade on a personal level, but the average punter doesnt need to be given any info that could be considered dodgy, cause it could end up costing them their shirt if you get my drift --- and believe me i know what its like to lose my shirt --- and i dont look good in underwear !!!
I havent been through many of the trades you pasted up (im not that pedantic) , but this one i'm having a little trouble with
DEAL Closing trades 23/12/08 BSWQ77AC Australia 200 Cash (A$5 Mini Contract) - 3500 A$ +5 3791.5 A$7,287.50
opened long at 3500 (whatever date) and closed at 3791.50 on the 23/12/08 correct ??
M8, if i'm missing something, i apologise, but as i say, you have to accept skepticicity (i made that up
Cheers.
I know what you mean about being critical and all. But then, there is that one guy on forex factory who turned $1000 into $126000 within 1 week and yep, he posted all trades, and actually he accidently included his account number, lol. (it was a pdf report thing from fxcm) So yeah, crazy returns are possible if you're willing to take the risks.
Doesn't mean that it is safe to take such huge risks though. The bloke on forex factory who made that huge amount of money said that he would never have done that with his normal account but just for ****s and giggles did it on a $1000 account. i can find the thread on forex factory if you like?
Re: My trading strategy blows goats...should i change?
Different stop strategies for different strategies.
It still doesn't become a risk-free trade. Whatever we have in play is ours to lose (despite the fact it could be argued that it's not ours until we've exited). There's also the opportunity cost of that trade (I recognise that taking money off the table lowers this). My only point here is that it's not a risk-free trade.
Pyramiding, well it's trading profit for consistency. I don't know whether or not it is more effective, I suppose that depends on the trading method and the skill of the trader. Pyramiding doesn't bring the highest reward, although it may bring a better R:R ratio (I assume that's what you meant).
I really don't agree with selling half the position just for the sake of reducing risk. As far as I'm concerned, the only reason to exit a trade is if further profitability of the trade is in reasonable doubt. Taking half off just for the sake of reducing risk can leave a lot of money on the table, and we should be trying to get everything we can.
You're ignoring the opportunity cost of being wiped out and having to rebuild. I doubt it is worth it to take shots, unless your capital is so small that a responsible level of trading is unsustainable. On the other hand, a bankroll is as large as all of the money you're willing to lose, including future income you would devote to trading.
Different stop strategies for different strategies.
It still doesn't become a risk-free trade. Whatever we have in play is ours to lose (despite the fact it could be argued that it's not ours until we've exited). There's also the opportunity cost of that trade (I recognise that taking money off the table lowers this). My only point here is that it's not a risk-free trade.
Pyramiding, well it's trading profit for consistency. I don't know whether or not it is more effective, I suppose that depends on the trading method and the skill of the trader. Pyramiding doesn't bring the highest reward, although it may bring a better R:R ratio (I assume that's what you meant).
I really don't agree with selling half the position just for the sake of reducing risk. As far as I'm concerned, the only reason to exit a trade is if further profitability of the trade is in reasonable doubt. Taking half off just for the sake of reducing risk can leave a lot of money on the table, and we should be trying to get everything we can.
You're ignoring the opportunity cost of being wiped out and having to rebuild. I doubt it is worth it to take shots, unless your capital is so small that a responsible level of trading is unsustainable. On the other hand, a bankroll is as large as all of the money you're willing to lose, including future income you would devote to trading.
livermore was a legend indeed.
the opportunity cost of being wiped out? i read it like this, i have 2 ways to go about it.
1. finish my commerce degree (which i will regardless) and then get a stable job
2. trade off my face now, and lower the risk as i get older (which i do anyway)
considering im doing ok at the later, i dont see why i should stop. sure i do trade aggressively, but i have a huge risk tolerance. once again, thanks centro. having said what i risk on a trade, i usually go in only when odds favour the return. in fact i try to have a 90% chance of winning a trade.. so overall the risk is a little hard to calculate...
the opportunity cost of being wiped out? i read it like this, i have 2 ways to go about it.
1. finish my commerce degree (which i will regardless) and then get a stable job
2. trade off my face now, and lower the risk as i get older (which i do anyway)
considering im doing ok at the later, i dont see why i should stop. sure i do trade aggressively, but i have a huge risk tolerance. once again, thanks centro. having said what i risk on a trade, i usually go in only when odds favour the return. in fact i try to have a 90% chance of winning a trade.. so overall the risk is a little hard to calculate...
prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
- Posts
- 6,637
- Reactions
- 7
What is your actual win rate of all your past trades?
