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Reasons why you should NOT trade cryptocurrencies
in
Crypto
Feb 20, 2019 at 07:14
Miles ahead? You mean to lose everything? You don't have to buy BTC to do that.
HAMSTER TURBO
in
Trading Systems
Feb 17, 2019 at 07:07
Woops! First big loss on Hamster...hope this is not a premonition of things to come.Please keep up the good work Eleni. I hope Hamster keeps winning...
What makes one a Professional Trader?
in
General
Feb 14, 2019 at 08:20
You are looking at one pair of 400 pips? I had trades on both AUDJPY and NZDJPY, the systems I was using opened in a linear-sequence cost-averaging, so although less risk than GM it still increases more than static lots.I expected only market movements of $20,000 per 0.01 starting Lots, but this was insufficient (obviously).You gotta increase your risk if you trade larger, otherwise what is the point of having millions and not making money on that? You might as well put it in the bank at 0 risk and lose your money over time to inflation.
What makes one a Professional Trader?
in
General
Feb 13, 2019 at 12:20
Not sure which account you refer to, however none of my public accounts are my primary account with the majority of my funds.The public accounts are not traded at the level of risk I would prefer, and they actually run systems I do not have full confidence using upon my main account. Hence, there may be larger than normal trades upon them.0.5 Lots per $1000 is a great deal less than 1 Lot per $1000.This means 50% less:- margin requirement;- drawdown;- profit;- RISK.
What makes one a Professional Trader?
in
General
Feb 12, 2019 at 09:48
Considering what you say, I bet you don't trade more than $100,000, because I cannot fathom even an insane person trading 100 Lots on $100k, let alone 1 Lot on $1000.I had trades of 20 Lots on my $5m account and I was getting slippage and partial fills, so I had to split my money and trade smaller accounts.The Yen Flash Crash slipped me so bad I couldn't get filled at the prices that would have saved my account - and I was using much less risk than what you are advocating!I am speaking from experience, so I know you really don't understand what you are saying.
What makes one a Professional Trader?
in
General
Feb 12, 2019 at 09:48
And here I was, thinking you were a "professional trader" who understood the meaning of "proper risk management".You have proven me wrong.
What makes one a Professional Trader?
in
General
Feb 12, 2019 at 09:31
I hope you are not serious, but if you truly believe what you say then I question your credentials / experience.Sincerely, I hope you are making millions, but 99% of traders cannot achieve such trading finesse and they would be wiser to use a larger account and smaller trade sizes.
What makes one a Professional Trader?
in
General
Feb 12, 2019 at 09:30
#1. It is not my advice - take it from a 19 year veteran:'Trade SO Crazy small that no one trade can make or break you! LEARN to take 5-12 pips on scalps......'http://www.twitlonger.com/show/n_1sqdkr1http://www.twitlonger.com/show/n_1sqdkq1#2. I don't have a vested interest in encouraging bad trading, for the purpose of garnering subscribers to my signals
What makes one a Professional Trader?
in
General
Feb 10, 2019 at 15:23
Regardless of TF... Flash Crashes, Black Swans, etc...If you trade larger Lotsizes, no matter 15M or 1D, it WILL HURT!Trust me: I had $13 million, and despite keeping trades to a minimum lotsize, some positions I held over 50 days on AUDJPY killed my accounts!!!You better think twice if you want to trade larger. Just a warning... great if you are on the RIGHT side, devastating if WRONG.
Reasons why you should NOT trade cryptocurrencies
in
Crypto
Feb 10, 2019 at 07:40
Cryptocurrency executive dies; takes access codes with him (4 Feb, 2019)https://www.investmentnews.com/article/20190204/FREE/190209982/cryptocurrency-executive-dies-takes-access-codes-with-him
What makes one a Professional Trader?
in
General
Feb 07, 2019 at 09:10
I like what this guy says: 0.01 Lots per $1000 MAXIMUM.Consider a $10,000 account: you will not trade more than 10 x 0.01 Lots, or a maximum of 0.10 Lots.You won't make much. But you won't lose much either.So who starts with less than $10,000?? Many unprofessional traders do...
Forex is profitable ?
in
General
Feb 05, 2019 at 09:52
Joseph Nemeth has a lot to say on this subject.
Forex is profitable ?
in
General
Feb 05, 2019 at 09:52
Where's the video gone??https://www.youtube.com/watch?v=DOPfoN7dYpchttps://youtu.be/DJz4E7VyeSw?t=3810
Forex is profitable ?
in
General
Feb 05, 2019 at 07:43
95% of traders lose because they don't trade correctly
HAMSTER TURBO
in
Trading Systems
Feb 03, 2019 at 10:59
Eleni the signal provider recommends sound money management of risking only a quarter of your risk capital.No one is forcing you to invest all your money - that would be your choice, and you can only blame yourself if you hit SL with 100% of your capital invested.I can't blame anyone else for losing my $13 million except me. It was my choice to trade over Christmas / New Year, so I bear the consequences of my actions.
EW theory
in
Trading Systems
Feb 03, 2019 at 10:59
Is this automated?Shame about the Yen Flash Crash... many people including myself lost lots of money.
$200-100k challenge
in
Experienced Traders
Feb 03, 2019 at 10:57
That sounds reasonable: more sustainable growth with less risk is better for account survival and goal achievement!
$200-100k challenge
in
Experienced Traders
Jan 30, 2019 at 07:48
Agreed. Possible...but not likely.I have yet to see one trader accomplish this with a real account on a regulated well-known broker.I managed to change $50k - $13M over four months (25,900% gain).$200 - $100k = 49,900% gain.Which is "only" 25,900% gain x 100%.
HAMSTER TURBO
in
Trading Systems
Jan 28, 2019 at 08:27
Perhaps this is related to Live15 being quite new, with less virtual servers running (less MT4 accounts), perhaps the data throughput is more efficient compared with Live3 which is one of the oldest and more established servers (more MT4 accounts and virtual servers)?Think of the cable connections as pipes, and the data as the water flow. Established servers have more data (water) flowing through the cables (pipes) and this may detrimentally affect latency perhaps? I am not technical, but that is my guess.
HAMSTER TURBO
in
Trading Systems
Jan 24, 2019 at 11:55
Slippage is INEVITABLE if you are trading larger lotsizes (eg. 10 Lots).The higher your lotsizes, the more likely you will experience slippage.Instead of trading one large account, consider breaking up your balance into multiple smaller accounts to keep your lot sizes small and reduce slippage.Slippage will only get worse as more accounts and bigger money compete for limited liquidity during the Asian session. The LPs will fill you at whatever price they feel like.
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