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From HKD$3000 to my dream

  • #21
  • Jan 25, 2017 3:58am Jan 25, 2017 3:58am
I think that in this case SL is Trader mind, account or a big SL. It`s good or bad? No, everything depends on your experience, system, luck etc.. Everything what you have to be conscious of is risk like sudden moves and black swan events. The longer you are trading the possibility of unexpected situation rises but meantime you can earn a lot of money.
I`m limiting my Risk & trying maximize my profits.
  • #22
  • Jan 25, 2017 4:03am Jan 25, 2017 4:03am
Hi 90strader, congratulations for your results. ^_^ May I ask what let you prefer GOLD rather than EUR/USD ?
  • #23
  • Jan 25, 2017 4:09am Jan 25, 2017 4:09am
Quoting DAX-Trader
I think that in this case SL is Trader mind, account or a big SL. It`s good or bad? No, everything depends on your experience, system, luck etc.. Everything what you have to be conscious of is risk like sudden moves and black swan events. The longer you are trading the possibility of unexpected situation rises but meantime you can earn a lot of money.
Yes but it's too soon to judge IMO... ok I'm leaving this thread lol
  • #24
  • Jan 25, 2017 6:32am Jan 25, 2017 6:32am
Quoting FxLapozi
Hi mate, Glad to see a fellow Asian around. Have been following you with great interest and I know what happened (to your trades) after you came back from Japan. No offense intended but I am happy for you that you manage to make such a recovery. Good job really. Your execution on Gold has been really spot on recently. Just want to say keep it up.
Hi FxLapozi
Yes, that was quite sad when i found my account become $0 on a Monday morning haha
That is why i try not to carry any trade over weekend now (not 100% as i am not willing to close a losing trade)
Luckily that i didn't suffer any lost that time as i had withdrew some profit
But i learnt a lot from that, and made me think a lot about how to manage the risk too
  • #25
  • Jan 25, 2017 6:49am Jan 25, 2017 6:49am
Quoting JoeLeonard
Hi 90strader, congratulations for your results. ^_^ May I ask what let you prefer GOLD rather than EUR/USD ?
Actually my preference is
GOLD or USDJPY --> GBPUSD --> EURUSD
i don't prefer EURUSD is simply because the Volatility is relatively low than the other three
i don't prefer GBPUSD recently is because there are too many uncertainty which can lead to sudden sharp changes on price
i prefer GOLD or USDJPY is because it may have slightly related to the big picture on global stock market as well
i.e. if i am very confident the stock market will drop, i will buy GOLD / buy YEN
  • #26
  • Jan 25, 2017 7:18am Jan 25, 2017 7:18am
Quoting HeyYou
it seems that you're not using stop losses so the "impressive result" can turn into an impressive loss overnight. I think everyone made 2k% which is not really impressive to me..it can be that you have multiple accounts and you're showing only the profitable one. Sorry if I'm wrong.
Yes, normally i don't use SL, unless i leave my trade overnight (but i actually try to prevent overnight trade)
Or in case i use large leverage, i will use SL especially when i try to scalp.
Actually i am looking for a EA that can help me SL when there is drastic changes of price (i.e. 1000 pips in 1 min)
To be more precise, i don't mind the price go against my trade in a more steady movement (i.e. 1000 pips in 60 mins)
I just want a EA that can save me when there is black swan events.

And yes, i can blow my account and i did, but that time was because of trad over weekend.
From 3,000% to 0 when i wake up on that Monday morning
but i must say that i only trade on this account, and i know you may be very curious on how i made 30+ consecutive wins
if you look closely, you may find that 38 trade, i only sell GOLD for 7 times
meanwhile GOLD move from $1128 to $1214.
i must say that i am quite lucky as i follow the whole uptrend, and i was quite confident at that time so i didn't SL even i suffer 20% drawdown
and to be honest i don't think consecutive wins is a good thing to me
at that time i refuse to SL and i always try to seal the profit too early
that was a relief when i lost on 39th trade

Quoting HeyYou
{quote} Yes but it's too soon to judge IMO... ok I'm leaving this thread lol
please don't leave as i may need your advice too
i accept comments and criticism
  • #27
  • Edited 7:55am Jan 25, 2017 7:41am | Edited 7:55am
Quoting 90strader
{quote} Yes, normally i don't use SL, unless i leave my trade overnight (but i actually try to prevent overnight trade) Or in case i use large leverage, i will use SL especially when i try to scalp. Actually i am looking for a EA that can help me SL when there is drastic changes of price (i.e. 1000 pips in 1 min) To be more precise, i don't mind the price go against my trade in a more steady movement (i.e. 1000 pips in 60 mins) I just want a EA that can save me when there is black swan events. And yes, i can blow my account and i did, but that time...
I appreaciate your intelligent reply.

OK no sl. It's impossible to judge a no sl performance because one can blow the account overnight.

Pretty much the same applies when risking more than 2-5%/trade, don't get me wrong.

Anyway good luck !
  • #28
  • Jan 25, 2017 8:48am Jan 25, 2017 8:48am
Hmm, I didnt expect gold would drop this much still waiting
  • #29
  • Jan 25, 2017 8:52am Jan 25, 2017 8:52am
It could drop to 1172 before rising up from 50% fibo
  • #30
  • Jan 25, 2017 9:11am Jan 25, 2017 9:11am
BTW close those longs on gold man
  • #31
  • Jan 25, 2017 2:26pm Jan 25, 2017 2:26pm
Hmm...
From 70K to 54K. That was a good ride. However, I notice few things;
- You kept faith in your trade and you even added to losing position.
- After that you lost faith in your trade and started in the reverse direction.
- And as tragic as it sounds, the market again reversed on you.
- More often than not, once lose one trade, will lose more than 1 trade often many.

This is familiar. Very familiar.

Collectively, can we come to a solution on this psychology? I have at least developed some discipline and I don't add to losing position any more. I think that has helped me a lot. So, that is a sure thing I would recommend to you.

I am yet to conquer going in the reverse direction. Because more often than not, the market reverses in such situations.

One solution could be once I lose one trade, I exit the market for the day. Very hard to implement than to say.
  • #32
  • Jan 25, 2017 4:37pm Jan 25, 2017 4:37pm
I do not trust you, HeyYou. I know at least about one simple solution: taking the curves.

Mister 90's is a good trader, but as usual, there is no good exit plan out there. Because of the lack of a reliable exit plan, the lack of discipline is to be blaimed at?!? Using a stop loss is like driving a car without any brakes. Just crash the car and go away... Great!

I was wondering, when you drive a car, how the hell do you take the road curves? And how trading is any different than driving a car on a curvy road?

P.s. I like curvy women, do you?
Maadik Hugiis. IQ 69.
  • #33
  • Jan 25, 2017 5:38pm Jan 25, 2017 5:38pm
Good morning everyone

I produced some really bad trades last night, I will try to explain in details after finish my work today (probably I will write a long essay on what I have done last night)

I am not going to hold any positions in daytime as I have a stupid meeting to attend today which I cannot contol my trades

Here are the neaeby red lines, good luck for your trade

1207.3
1204.6
1200
1196.7
1192.6
  • #34
  • Jan 25, 2017 11:34pm Jan 25, 2017 11:34pm
Just came across your thread. It looks like your past returns was because of luck. Your current trades are all negative. At this rate forget HK apartment you are going to be homeless.
You came here for the truth and let me unveil it for you
  • #35
  • Jan 25, 2017 11:51pm Jan 25, 2017 11:51pm
Quoting MoneyZilla
I do not trust you, HeyYou. I know at least about one simple solution: taking the curves. Mister 90's is a good trader, but as usual, there is no good exit plan out there. Because of the lack of a reliable exit plan, the lack of discipline is to be blaimed at?!? Using a stop loss is like driving a car without any brakes. Just crash the car and go away... Great! I was wondering, when you drive a car, how the hell do you take the road curves? And how trading is any different than driving a car on a curvy road? P.s. I like curvy women, do you?
This clearly a downtrend.. we have two, I mean TWO breakouts (trendline and support)... holding longs would be crazy IMO.
  • #36
  • Jan 26, 2017 12:37am Jan 26, 2017 12:37am
Quoting HeyYou
{quote} This clearly a downtrend.. we have two, I mean TWO breakouts (trendline and support)... holding longs would be crazy IMO.
Speak to me about curves, HY. Forget about breakouts/support/resistance/ext. popular delusions. These are nothing but entirely useless. They are useful as any of the public indicators can be. How do you take the curves, HY?
Maadik Hugiis. IQ 69.
  • #37
  • Jan 26, 2017 12:52am Jan 26, 2017 12:52am
Quoting 90strader
Good morning everyone I produced some really bad trades last night, I will try to explain in details after finish my work today (probably I will write a long essay on what I have done last night) I am not going to hold any positions in daytime as I have a stupid meeting to attend today which I cannot contol my trades Here are the neaeby red lines, good luck for your trade 1207.3 1204.6 1200 1196.7 1192.6
Do you follow the DXY?
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #38
  • Jan 26, 2017 1:12am Jan 26, 2017 1:12am
Quoting MoneyZilla
{quote} Speak to me about curves, HY. Forget about breakouts/support/resistance/ext. popular delusions. These are nothing but entirely useless. They are useful as any of the public indicators can be. How do you take the curves, HY?
we speak different languages
  • #39
  • Jan 26, 2017 7:05am Jan 26, 2017 7:05am
Quoting RondaRousey
Just came across your thread. It looks like your past returns was because of luck. Your current trades are all negative. At this rate forget HK apartment you are going to be homeless.
Yep.. bye hong kong
  • #40
  • Jan 26, 2017 8:47am Jan 26, 2017 8:47am
Quoting RondaRousey
Just came across your thread. It looks like your past returns was because of luck. Your current trades are all negative. At this rate forget HK apartment you are going to be homeless.

Quoting HeyYou
{quote} Yep.. bye hong kong

It's amazing how people like to see others down.
You two are very unpleasant
"You may say I am a dreamer .... but I am not the only one."
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