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    Thread: King Of Losers Trading Journal (union12)

    1. #351
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      hedging is still going and this is just a new experiment, i love new experiment and this could be good for catching full trend.
      There is so much trades that you have opened at once! Wow! Like Alex said, I think that you would be paying more in the cost of opening these trades and if you can take time to really look at it then you will understand that the cost would become your greatest enemy not your friend.
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades

    2. <a href="http://www.mt5.com/forex_humor">‘ÓūŚÍŮ ÔÓūÚŗŽ</a>
    3. The following 5 users say Thank You to penuelophir for this useful post.

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    4. #352
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      i have no protection, they i just made all this because it is just a test not in live account.
      bro, yes i understand that you are in demon trading account but still yet you still really need to be protecting your account, so that you will get used to it, its through demo account that you can begin to practice how to manage and protect account, and when you begin ton trade in the live account, it wont be too difficult for you to abide to every thing did in demo

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    6. #353
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      Quote Originally Posted by union12 View Post
      i have no protection, they i just made all this because it is just a test not in live account.



      is it more profitable so they banned it? if no then strange news.



      if you ask me what is that then you must know that i would wait until price move fully in one direction, the best thing about this setup is that news would not be able to effect it a-lot and at the end price finally moves in one direction so i could maybe have $$. i wouldn't place anything in this until something happen because it is demo account. but if it worked then i can use it in live.



      hedging is still going and this is just a new experiment, i love new experiment and this could be good for catching full trend.

      Attachment 74248

      only buy orders are opened since i placed this grid, now what's going to happen next would be decided by price. price would surely move in one direction and when it did i would have to place new pending orders.
      Lol, the clone of my trades, hahaha, just kidding bro!

      You are doing grid trading? nice, so my strategy actually has a name, it's called grid trading, nice! But what is exactly the purpose bro? you just want to experiment with something new? What I like is the small lot size, keep it that way if you want to make your account survive longer. I wish you good luck with your new experiment and enjoy the process!

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    8. #354
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      Quote Originally Posted by NikitaBelle View Post
      Lol, the clone of my trades, hahaha, just kidding bro!

      You are doing grid trading? nice, so my strategy actually has a name, it's called grid trading, nice! But what is exactly the purpose bro? you just want to experiment with something new? What I like is the small lot size, keep it that way if you want to make your account survive longer. I wish you good luck with your new experiment and enjoy the process!
      I can see that both of you have the same trading strategy. Are you the one teaching him? Same tittle as well. I am sure if risk management be used, it will help the account last much more longer, just big lotsize is the cause of so many account deaths.

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    10. #355
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      Quote Originally Posted by penuelophir View Post
      There is so much trades that you have opened at once! Wow! Like Alex said, I think that you would be paying more in the cost of opening these trades and if you can take time to really look at it then you will understand that the cost would become your greatest enemy not your friend.
      sure, opening many trades at once is quite expensive, unless the trader is a scalper and plans to gain something extra in terms of ****** from the broker. honestly, there are so many things we do in the forex trading business that we think are helpful, but which in reality is to our disadvantage.
      ''Too many times we settle into a set way of thinking and accept limitations that need not be placed on us'' -John C. Maxwell

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    12. #356
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      Quote Originally Posted by PhAnToMtRaDeR79 View Post
      There's a lot of variation to grid trading strategy and some of them really depend on the amount of line spread like how many pips should be the distance between one line to another. But what happened with the hedging method mate? I thought you were running a hedge method in your trading? Any particular reason for abandoning it?
      A grid trading system is more likely a greedy one to me, the odds cannot always be in one's favour, you may be doing well at first and probably aclaim yourself to be an expert in that area, but the moment will definitely come when this trader will pass through a transition phase that he may not be able to withstand, I am not so conversant with the variations of this grid method, but from the knowledge I have of it, the risk are high and when price starts going against your position, the likelihood of a margin call is very high, why would I subject my hard earned money to that kind of strategy.

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    14. #357
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      Quote Originally Posted by penuelophir View Post
      There is so much trades that you have opened at once! Wow! Like Alex said, I think that you would be paying more in the cost of opening these trades and if you can take time to really look at it then you will understand that the cost would become your greatest enemy not your friend.
      I do not see anything bad in opening many trades, that is part of the trading styles of some traders, they only have to make sure that they are doing the right thing at all time. If traders are sure that they are working with the same broker, i think that they will take our money for this, and the charges will only be the accumulation of the spread charged by the broker based on the volume the trader trades. Forex trading is ever good for every trader that knows it too, i have always trying my best to trade the market well personally, and this has being helping me to trade better.

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    16. #358
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      There is nothing so wrong with opening many trades, you just need to be sure you have what it takes to make them move well meaning you have a good money management or maybe robots that can help you effectively handle all of them, if you really want to succeed, there is a certain capacity that you know can be managed successfully, don't exceed what you know is possible for each point in time, otherwise you will regret why you have engaged yourself in such a dangerous style of trading, don't do something simply because many people are doing same thing, follow your rules and strategies.

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    18. #359
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      Opening of many traders can truly be an encouragement for someone to be greedy, I have sometimes does something like this, happens when I lose and suddenly we see price doing something else, and in the process, what I discovered is that I open as many positions as possible and when it comes to losing, I experience margin call quickly which makes me now regret why I couldn't learn to be patience, now I am training myself to learn how to restrain my mind from deceiving me.

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    21. #360
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      Self Decieve is very bad most especially when we know we are not doing the right thing in the market, good to know that you are making the necessary adjustment in the market. Like one trader rightly pointed out that we can't keeping doing the same thing over and over again and expect different results.

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