Thread: How to be a real trader

Let's discuss trading, shall we?

Originally Posted by ;

Let's talk about trading, shall we?

Ok I thought we were but lets do so....

I've played around with a few high risk high reward egies whereby basically you exchange conservitively and build a small ammount of winners then risk the entire winners on 1 highly leveraged commerce

So state your account was $50,000 and then by risking $1,000/ 2 percent per trade over a week have 10 trades and make $5000 then you just take that $5000 and risk the lot on another trade. Maybe on a trade with greater probabilities...

You lose, you've lost per week and your account will be straight back to the equilibrium it was at the start of the week... You win and you make a major% profit on your account and the next week

So when you state compunding the crap - that is something that came to my head

THis is actually what my PM to you was about some years ago lol

What you think about this egy? ... Effectively the risk is at time but the reward at $'s. Provided you can make profits trading.

Ive only ever done this on demonstration and the tiny trades were built up over a month after which the 1 big one was taken off a weekly sign and luckily worked out netting me a 200 percent increase in my account but when it went another way 1 month is a lot of time to lose and would be quite mentally draining. During a lengthy period though doing so is surely leverage at its best. Provided you can stick it out and do it with a long term perspective in mind.

Another thing is you can take that massive ammount of risk and scale in and out.

What You Believe?

You know, I spent a couple of hours looking at precisely what you are describing.

And the truth is, you are able to make good money doing it. The one problem is, you are on a hot streak for to the bigger trades....

And we all know that nothing lasts forever.... So it is more likely that you won't create 11 winners in a row compared to the 10 for you there.

I do think it is a fantastic means to trade in a risk averse fashion.

For me, money is a forex account is risk money that I am able to lose.... I may dismiss the account, but my method of cash management prevents me from being destroyed in one month.... Only a slow painful death is how I'll go.

True although you certainlly dont need 10 winners in a row trading conservatively to be profitable but yes I see your point...

You say you risk 40% of your account but what you're actually saying is you have in your account a small segment of your true capital?

I like your style!

Originally Posted by ;

Greets

Nothing new here....

Trade based on market conditions.

Sorry, fella's - I can not help myself but that thread like its title couldn't receive any more vague even if you wanted it to.

I read remarks about risk and reward - compared to what (indiv. Trade size, base funding, weekly vulnerability, account into account risk....what)?

I read remarks about ranges and tendencies - compared to what time frames (it's possible to trade annually or 10000 times annually regardless of egy and market condition)?

Or are you really asking if two corresponding egies would save your bacon if run simultaneously?

Even that is a too vague question - you want to have an assortment of factors into account.

Last point: if you put to a trade in the'account' that does well in ranging markets (based on your theory/question), it would also indicate that putting on a trade in the second'account' that does well in trending markets (provided you are using the exact same TF), is most likely a losing bet....that is in case you are certain about being able to identify the right market state - if not, then do not trade at all until you are certain.

regards

Ouch. To each their own opinion.

I think it is very good stuff, but again: I wrote it.

Originally Posted by ;

Ouch. To each their own view.

I think it's good material, but then again: I wrote it.

T,

I've seen you around for a long time in this forum and you also posted a few real interesting stuff in the past.

What triggered the idea of the one?

I am asking because underlying, it appears you are trying to find a broader question and its answer than described in here.

Only wanting to assist -

regards,

It is how I really exchange, daytrading.

After all of my years exploring Currency Market, this is what I think in. It usually means that I take my limitations of being able to accurately predict if a market will be trending or sideways, and gives me a solid prospect of walking away with some fantastic coin.

The reason it works so well is that if among those egies is performing well... it does well.... Upwards of 1000% to 5000% are possible in 12 months.... So that the reduction of 100% on the account is moot.

Of course, there are markets which are flip flopping between the two, which I walk away a loser. I take that.

Originally Posted by ;

It is how I really trade,.

After all my years researching Currency Market, this is precisely what I think in....

T,

what markets do you run simultaneously? Are they highly correlated or even the exact same product/ccy? Can you operate the exact same initial size with distinct compounding steps, timeframe (holding period) on every account - or do you handle separately?

You may have found something real big, you know...a fund managers dream - which is constant exposure with limited risk and the upside of not missing , profits in range and trend.

regards

Hi T,

I am new in here, so I don't understand anything about you, besides what I could read on your profile.

However I got a question for you.

Do you really live from your trading, and are you able to take out money from your trading action? Or is it?

I ask since, it seems to me to be a stop risky strategy to the markets, you describe here.