GDow (de GeorgeDow)
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Discussion GDow
Jan 13, 2019 at 13:34
zerrow posted:
I would never ever invest in trader who don't use SL even he makes megamillions.
If you analyze George's trading, you will see that he has losing trades.And if there are losing trades, then there is a stop!!!
It is not necessary to put a stop in the terminal. The main thing is to be
"Trade to live"
Jan 16, 2019 at 11:09
Fedor777 posted:OK, Do you know why investors have money? What is the difference between investor and greed people? Very simple. When greed people sees 400% profit they eyes become round - give me this money DOW! :) I will be rich :) !!!.zerrow posted:
I would never ever invest in trader who don't use SL even he makes megamillions.
If you analyze George's trading, you will see that he has losing trades.And if there are losing trades, then there is a stop!!!
It is not necessary to put a stop in the terminal. The main thing is to be
Tha'ts why they never will be rich and be losers forever.
Follow next->
When investor sees 400% he thinks how this guy manage risk, the risk is most important thing for him, that's why investor has money, because his task is not to lose, but not to earn. How safe is investors money is number 1 for him, but no profit. It is quite different thinking. If something happens, like CHF, GBP or other flash crash the DOW even will be unable to close oders. Think about and change your stragegy, it doesn't happens often, but when it happens you will lose everything.
Jan 16, 2019 at 13:58
OK, Do you know why investors have money? What is the difference between investor and greed people? Very simple. When greed people sees 400% profit they eyes become round - give me this money DOW! :) I will be rich :) !!!.
Tha'ts why they never will be rich and be losers forever.
Follow next->
When investor sees 400% he thinks how this guy manage risk, the risk is most important thing for him, that's why investor has money, because his task is not to lose, but not to earn. How safe is investors money is number 1 for him, but no profit. It is quite different thinking. If something happens, like CHF, GBP or other flash crash the DOW even will be unable to close oders. Think about and change your stragegy, it doesn't happens often, but when it happens you will lose everything.
You are absolutely right about the risks, you are correct about thinkking of it.
But then you should know that SLs are never processed at a specified price in such situations. It's slipped and processed at the first market price.
I traded when the CHF collapsed in 2015. It's good then it was my account and it was only 30k, there was SL (1.5242 of GBPCHF), but it was processed at a price of 1.2730 (I even wrote it down in my journal ), no one balance withstand 2500 pips. Best of luck
Jan 21, 2019 at 12:20
GeorgeDow posted:OK, Do you know why investors have money? What is the difference between investor and greed people? Very simple. When greed people sees 400% profit they eyes become round - give me this money DOW! :) I will be rich :) !!!.
Tha'ts why they never will be rich and be losers forever.
Follow next->
When investor sees 400% he thinks how this guy manage risk, the risk is most important thing for him, that's why investor has money, because his task is not to lose, but not to earn. How safe is investors money is number 1 for him, but no profit. It is quite different thinking. If something happens, like CHF, GBP or other flash crash the DOW even will be unable to close oders. Think about and change your stragegy, it doesn't happens often, but when it happens you will lose everything.
You are absolutely right about the risks, you are correct about thinkking of it.
But then you should know that SLs are never processed at a specified price in such situations. It's slipped and processed at the first market price.
I traded when the CHF collapsed in 2015. It's good then it was my account and it was only 30k, there was SL (1.5242 of GBPCHF), but it was processed at a price of 1.2730 (I even wrote it down in my journal ), no one balance withstand 2500 pips. Best of luck
Hello.
What do think about using trailling stop instead of just SL?
Do you use take profits usually or just wait for a best chance to exit the market? I noticed you manage to close your profit with 80% and higher accuracy.
Be in time
Jan 23, 2019 at 07:35
TaloR_11 posted:GeorgeDow posted:
Hello.
What do think about using trailling stop instead of just SL?
Do you use take profits usually or just wait for a best chance to exit the market? I noticed you manage to close your profit with 80% and higher accuracy.
I tried trailing stop earlier, but it doesn't fit my trading way a bit.
I suppose for some people it can be used instead of SL with directional movement only.
I also don't use sl often because it's in the habit of hitting :-) It's easier for me to monitor the market and do everything manually if there is an chance.
Jan 23, 2019 at 11:36
GeorgeDow posted:
I tried trailing stop earlier, but it doesn't fit my trading way a bit.
I suppose for some people it can be used instead of SL with directional movement only.
I also don't use sl often because it's in the habit of hitting :-) It's easier for me to monitor the market and do everything manually if there is an chance.
Yes, trailing stop should work for directional movement only.
Your trading style and management is pretty good and if you have some rules of trading, keep it, because you are one of the best traders on myfxbook for now.
Please, share, what is your target for 2019year of trading?
Be in time
Jan 30, 2019 at 12:59
TaloR_11 posted:GeorgeDow posted:
I tried trailing stop earlier, but it doesn't fit my trading way a bit.
I suppose for some people it can be used instead of SL with directional movement only.
I also don't use sl often because it's in the habit of hitting :-) It's easier for me to monitor the market and do everything manually if there is an chance.
Yes, trailing stop should work for directional movement only.
Your trading style and management is pretty good and if you have some rules of trading, keep it, because you are one of the best traders on myfxbook for now.
Please, share, what is your target for 2019year of trading?
2018 year was successful in terms of a strategy implementation and the ability to manage large accounts. The target for 2019 is to maintain a balance between the desire of investors to have 40% profit per month and risk. And also I'm going to creaming off the top :-)
Jan 30, 2019 at 13:00
iamjacobs posted:
Hey George! You deserve 5 stars rating, I'm sure. Your profit in January, during so hard market and instability is a really great job. I'm waiting for a Feb to invest more from my income. Good luck!
Please write me to email if you have any questions, I can give you contact of ib partner of mine to get in touch and answer questions too.
