Some help would be appreciated
Member Since Jun 28, 2011
465 posts
Apr 10, 2015 at 02:23
No, that 53% is for 21 months, I usually say 25% a year to be a little on the conservative side. The other one is around 10 to 12% per year. These programs were intended to compete favorably with dividend stocks or annuities favored by retirees. So my market is those who want to quit working and do something else, not professional traders. However, I do see the wisdom in diversifying, I do it myself.
Only, may I ask that you go to Mary's website for prices and such? I love to teach or sit and talk theory til the cows come home but for some reason, business and I don't get along, it tries to kill me. Check out TheSafeInvestor.com
You can download the programs there and try them out for yourself.
Thanks, I appreciate it.
Bob
Only, may I ask that you go to Mary's website for prices and such? I love to teach or sit and talk theory til the cows come home but for some reason, business and I don't get along, it tries to kill me. Check out TheSafeInvestor.com
You can download the programs there and try them out for yourself.
Thanks, I appreciate it.
Bob
where research touches lives.
forex_trader_139412
Member Since Jul 16, 2013
385 posts
Apr 10, 2015 at 07:05
(edited Apr 10, 2015 at 07:26)
ForexAssistant posted:
'That system you have there..why isnt it Verified? '
No particular reason, it just wasn't important to me. I do research so I go through a lot of accounts. Most things don't work. Verification just means that myfxbook sends you a pending order, you put it in to your mt4 and it shows up on your myfxbook ledger. If anyone buys a program or doesn't even look at a program because of that, they deserve what they get. I will say again, if you don't know how something works, don't use it. Robots that don't tell you how they work are called a black box. If you know how the system works, you don't need some arbitrary confirmation that you are responsible for the trades.
Instead we recommend anyone who may be interested in one of our robots, to down-load it and use it on a demo account until you feel you want to try it on a real account. No one needs me to confirm anything because you can do it yourself.
But I think there is more to this, when Rihan wrote, ' if it can't be verified I can't be bothered to add it to my watch list ', I take that as terribly arrogant and since I am only selling 5000 of these units, I really don't care if Rihan is among those 5,000 or not. There are 7 billion people in this world and there are a lot of them that do want my help.
Bob
You are absolutely right. This is not the place to sell. And it is just my way of filtering the good ones from the bad by seeing if it is verified or not. If you can't take the time to verify, I cant take the time/interest to watch. But good for you, I hope you sell your 5000 units.
I am unsubscribing from this thread as I feel I have made my point. If you feel that it is still necessary to defend your unverified account, I don't want to be part of it.
I will leave you with this bit of advice - your advertising would carry much more weight if you had a couple of real (even cent $5) verified accounts which deals with real price feed/slippage/spread. You can either take this as advice from a potential customer, or as criticism and defend it. I really don't care. I am outta here.
Member Since Jun 28, 2011
465 posts
Apr 10, 2015 at 15:08
No this is too silly of a thing to go getting miffed about, which one did you want me to verify?
where research touches lives.
Member Since Oct 21, 2012
6 posts
Apr 30, 2015 at 06:32
you are risking too much if you lose 30% so quickly. Probably not using well defined stop loss? There you go, your reason for losing so much. Regardless of what anyone tells you, if you don't define where you get out clearly, you are always always going to fail in the long run.
risk < 1% per trade. If you make it for 6 months and earn consistently, can consider raising to 1.5%, and then max 2%.
risk < 1% per trade. If you make it for 6 months and earn consistently, can consider raising to 1.5%, and then max 2%.
Member Since Jun 28, 2011
465 posts
Apr 30, 2015 at 13:49
This is a wonderful example of the BullShit that you find on this forum. They make a big deal about something stupid like verification then when I ask which one do you want verified, now there is only silence. I called them on their bullshit so they come back with some other lame bullshit. I address that then there will be something else. None of these so called traders are interested in something new that works, they are only interested in being right so they can sell their whatever.
So lets take a look at the latest BS. 'risk < 1% per trade. If you make it for 6 months and earn consistently, can consider raising to 1.5%, and then max 2%.'.
What shellsnail is saying is put 50 time more in your account than you need to trade. If you only risk 1% then 99% of your account is wasted, doing nothing for you, just plain stupid. But that is the type of BullShit that one gets from listening to the general advice you get on this forum. First they have to be really egotistical to assume that the way they trade is the only way to trade. Any different type of trading would have different rules. So to make some generality, especially about someone who has been around at least as long as the writer, about something they could not possibly understand unless I taught them (I developed the systems used by the robots) is extremely brazen.
Over the last 8 years doing this research the number one difficulty that I had to face is stupidity from technical traders. It is to the level that many many good traders have said that they don't need to put up with these egotistical morons and have left. This leaves me stuck with no one with a brain to talk with. Of course there are some real theorist left, CrazyTrader and Vontgr stand out as intelligent and looking to improve on their performance. They do not trade as I do but they are like me in that they don't go looking to climb over someone else, just for what works.
Regrettably, I am going to have to do to them what HolyCow and Silverthorn has done to me, leave and let these ego junkies figure out for themselves that they were not as smart as they thought they were.
Calculated max draw is set for 50% we have half of our account setting idle as protection against some unforeseen event, not 98%, just half. In two years the worst that we have seen is 41% draw-down. Remember it is not a profit or a loss until the trade is closed therefore the statement
'you are risking too much if you lose 30% so quickl',
doesn't apply because we never lost 30%, we never lose at all. And that is what has them upset and challenging me. They lose, I don't.
The real loser in this is the new traders that could have used a good teacher. Another may come along but, honestly the self-righteousness exuded by these technical traders is repugnant and I am tired of dealing with the hypocrisy. Therefore I am going to remove myself from these threads and only respond to personal messages.
To those good traders that I have had the honer of sharing the last years with, I wish you all the best of luck and a wonderful life. To the egotist the crowd the forum I wish you would get a life. To all the new traders reading this, Don't listen to anything on this forum, think for yourselves. Most of the advice that you get here is just plain Bull Shit.
Good by.
Bob
So lets take a look at the latest BS. 'risk < 1% per trade. If you make it for 6 months and earn consistently, can consider raising to 1.5%, and then max 2%.'.
What shellsnail is saying is put 50 time more in your account than you need to trade. If you only risk 1% then 99% of your account is wasted, doing nothing for you, just plain stupid. But that is the type of BullShit that one gets from listening to the general advice you get on this forum. First they have to be really egotistical to assume that the way they trade is the only way to trade. Any different type of trading would have different rules. So to make some generality, especially about someone who has been around at least as long as the writer, about something they could not possibly understand unless I taught them (I developed the systems used by the robots) is extremely brazen.
Over the last 8 years doing this research the number one difficulty that I had to face is stupidity from technical traders. It is to the level that many many good traders have said that they don't need to put up with these egotistical morons and have left. This leaves me stuck with no one with a brain to talk with. Of course there are some real theorist left, CrazyTrader and Vontgr stand out as intelligent and looking to improve on their performance. They do not trade as I do but they are like me in that they don't go looking to climb over someone else, just for what works.
Regrettably, I am going to have to do to them what HolyCow and Silverthorn has done to me, leave and let these ego junkies figure out for themselves that they were not as smart as they thought they were.
Calculated max draw is set for 50% we have half of our account setting idle as protection against some unforeseen event, not 98%, just half. In two years the worst that we have seen is 41% draw-down. Remember it is not a profit or a loss until the trade is closed therefore the statement
'you are risking too much if you lose 30% so quickl',
doesn't apply because we never lost 30%, we never lose at all. And that is what has them upset and challenging me. They lose, I don't.
The real loser in this is the new traders that could have used a good teacher. Another may come along but, honestly the self-righteousness exuded by these technical traders is repugnant and I am tired of dealing with the hypocrisy. Therefore I am going to remove myself from these threads and only respond to personal messages.
To those good traders that I have had the honer of sharing the last years with, I wish you all the best of luck and a wonderful life. To the egotist the crowd the forum I wish you would get a life. To all the new traders reading this, Don't listen to anything on this forum, think for yourselves. Most of the advice that you get here is just plain Bull Shit.
Good by.
Bob
where research touches lives.
forex_trader_139412
Member Since Jul 16, 2013
385 posts
Apr 30, 2015 at 18:26
ForexAssistant posted:
This is a wonderful example of the BullShit that you find on this forum. They make a big deal about something stupid like verification then when I ask which one do you want verified, now there is only silence.
Are you serious? Must folks intending to invest think of verification as stupid? To me (and others) this is vital in making a financial decision. I am sure the intent thereof was to avoid potential investors being sucked into scams - It says a lot about you if you think this is stupid.
I have been following your posts for a while now.. You always have this know-it-all approach to every topic, and then you are met with resistance from traders and then you call everyone morons or stupid. Maybe you are not taken as serious as you wish because when one looks at your profile you only get unverified/demo accounts. Maybe you will do us all a huge favor by removing yourself from threads and not partaking in new ones - maybe start your own forum somewhere or something.
Anyway, good luck to you.
forex_trader_43716
Member Since Aug 06, 2011
345 posts
May 13, 2015 at 09:15
RSTrading posted:ForexAssistant posted:
This is a wonderful example of the BullShit that you find on this forum. They make a big deal about something stupid like verification then when I ask which one do you want verified, now there is only silence.
Are you serious? Must folks intending to invest think of verification as stupid? To me (and others) this is vital in making a financial decision. I am sure the intent thereof was to avoid potential investors being sucked into scams - It says a lot about you if you think this is stupid.
I have been following your posts for a while now.. You always have this know-it-all approach to every topic, and then you are met with resistance from traders and then you call everyone morons or stupid. Maybe you are not taken as serious as you wish because when one looks at your profile you only get unverified/demo accounts. Maybe you will do us all a huge favor by removing yourself from threads and not partaking in new ones - maybe start your own forum somewhere or something.
Anyway, good luck to you.
I thought you said you were out of here? Hehehe 😎
May 13, 2015 at 10:23
Fritz125 posted:
So i started 'training' for forex almost a year ago, reading, learning and practicing on demo accounts with very good results.
But now i jumped into live tradingwith $500 USD and suprise, i already lost $150 in 3 days.
I'm kinda shocked, i wasn't expecting to win every trade or turn $1000 into $2000 (like i did in a demo account) but i also wasn't expecting to fail this hard.
My emotions control me and i totally spaz out whenever a trade turns against me.
Any help?
You neeed to toughen up. Losing 150 usd is just a price to pay on the learning curve.
Take it as an investment to your education. As a full time trader you cant be moved by even 100 times bigger losses.
Just do your best man !
Get investors and get paid 15 percent of theyr profits. More on my website.
May 15, 2015 at 13:17
Fritz125 posted:
So i started "training" for forex almost a year ago, reading, learning and practicing on demo accounts with very good results.
But now i jumped into live tradingwith $500 USD and suprise, i already lost $150 in 3 days.
I'm kinda shocked, i wasn't expecting to win every trade or turn $1000 into $2000 (like i did in a demo account) but i also wasn't expecting to fail this hard.
My emotions control me and i totally spaz out whenever a trade turns against me.
Any help?
At the New York close: S&P 500 up 1.1% at 2121.10. DJIA up 1.1% at 18252.24. Nasdaq Comp up 1.4% at 5050.80. Treasury yields declined; 10-year at 2.235%. Nymex crude oil down 1% at $59.88. Gold up 0.6% at $1,225.40/ounce.
forex_trader_236107
Member Since Mar 10, 2015
116 posts
May 16, 2015 at 17:17
Fritz125 posted:
So i started 'training' for forex almost a year ago, reading, learning and practicing on demo accounts with very good results.
But now i jumped into live tradingwith $500 USD and suprise, i already lost $150 in 3 days.
I'm kinda shocked, i wasn't expecting to win every trade or turn $1000 into $2000 (like i did in a demo account) but i also wasn't expecting to fail this hard.
My emotions control me and i totally spaz out whenever a trade turns against me.
Any help?
If could chime in. Many people focus more on how long it takes for you to lose money, compared to WHY you lost money. If I have an account in which I blow it up in 1 week compared to blowing it up in 1 year, the reality is the account is blown. Yes, it is most certainly clear that if you burn the account in a week, it is because you risked to much, and did stick to strick stop loss rules, and it could be that a person who took a year to burn an account did so slowly, but the reality is WHy. The why comes into play with the system that the person is using.
Most people don't focus on the system, but mainly on 'money management' because MM to most people is what will determine how successful you will be. Have a look at this example.
Trader A says that he will keep a position open as long as he doesn't go over 10% drawdown. Most people would consider that a very good money management plan, but as a trader that plan is more then likely flawed big time because the question is 'HOW MANY PIPS LOSS DOES 10% DRAWDOWN EQUATE TO IN YOUR ACCOUNT'. So if a 10% drawdown is the same as 500 pip floating loss, then it is clear to see that the SYSTEM is the problem, as 500 pips may take 6 months to recover. Should the person open new trades, then that open loss will set to the DD even higher.
Fritz I was in your boat before, in which after a loss, even if it is .1% of my account then snow balled into bigger losses, because we are so focused on being right, then taking the right trade. I think that when a person has a system which is dead on, and focuses on accuracy, then the reality is 10% a year is a waste of time due to the leverage which we can use. Have a look at my stats, and you will notice the very high drawdown (14%) but a yield of 300%+ Being I focus on entry accuracy, I risk a major portion of my account, because I know that the moment I enter, I should not be in red 5 mins after my entry. Thus, I adjust the % I risk per pip, instead of the amount I risk all together.
The saying of risking less then 2% is all crap, because if you risk less then 2% that trader WILL open a new trade which then ups his exposer to more then 2%. You'll also notice people taking small risk, and before you know it the account is margin called in about 6 months.
Spazing out is a normal human emotion because in nature everything ( in our minds) revolves around us. We think the market is out to get us, when the reality is the market is out to get everyone. Until you understand how the market works on the lower tf, it will be almost impossible last in this market in the long term, in which you are profiting.
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