Quote from Pippi436:
Damn, what's your average win in pips (and average loss)? Looks like you trade shortterm fluctuations from your blotters. With small targets and wide stops? With the occasional big loss in between? You never post blotters where a stop gets hit (IIRC). Or do you not use stops?
I'm not trying to piss on your blotters, just saying it really proves nothing. There are a lot of border-line scam EA-sellers with front-loaded strategies, that post lots of constant small gains at very high sharpe - but at the cost of very few catastrophic losses in between. Not saying you do that, but its just an example to illustrate the problem of selective reporting.
If you really want to show off, post complete reports over a month or something, that shows the good and the ugly (and not just post the up-days).
I think you're missing the purpose of why I started posting these blotters in the first place, don't worry it seems like you're not on your own!
Like I explained to Eric215 in
this post I'm not claiming to be a great trader and......I tell you what, you read the post for yourself if you're interested, to save me repeating it over and over, it
should be self-explanatory
As regards posting blotters of when my stops get hit there are a few blotters which show losing trades, obviously those are the ones that either got stopped out (which is rare because I don't usually allow a trade to run to the stop, it's more of an emergency measure) or more likely that I closed manually, if you're interested you'll find some among
this collection of blotters, the losses are clearly identified ie '
2 losses -9 pips', again it's kind of self-explanatory really!
I think you'll be hard pushed to find any down days though, in fact I think there were only one or two among
all the blotters I've posted around here, not because I don't post them but simply because I'm extremely selective about when I trade and the trades I take, with the exception of the odd down day here and there I've done ok, and even the down days aren't as you call them 'the occasional big loss in between'
Do I use stops? Yes, of course! But like I said they're more of an emergency measure if things go wrong, the market usually lets me know when I'm wrong way before a stop and I tend to trade my way out of it either on that pair or other trades or perhaps take a relatively small loss.
Regarding scam EA's and system sellers, sure, we all know they exist but I'm not sure I see the connection unless you're suggesting
I'm selling something? I don't have a system or EA for sale, anyone who has a hope in hell of making money in this game knows that buying systems or EA's isn't going to help them, but believe me I've turned down more people than I can remember who have asked me to teach them, teaching people to trade is a thankless and exasperating task because there are so many complete imbeciles in the business, I wouldn't wish it on anyone!
As an aside, you always sound angry with me for some reason Pippi436, is there a particular reason for that?
Anyway, I hope that explains everything
