They certainly will......none!
Why won't you post a trading statement risktrading, that would shut all us naysayers up?
How to Kill Bulls: Watch Me Do it in Real-time
- Thread starter riskfreetrading
- Start date
They certainly will......none!
Why won't you post a trading statement risktrading, that would shut all us naysayers up?
I believe only in numbers and science not in voodoo or I believe, I think and all of that empty talk.
The hypothesis to be tested: "can one time the top and bottom of daily prices at the level of (one minute/5 minutes/etc)" with a probability higher than the theoretical probabily.
To answer the above, one needs a sample, and a methodology to test. I have provided a sample.
Now I need your sample to see whether you are skilled or lucky. You do not need to beat me, all you need is to beat the theoretical probability.
PS: By the way I doubt that you can compute the above probability (assuming a given distribution of prices). The reason I doubt is that I noticed you play politics and you are not straightforwards which is an indication of a fluffy individual.
Did you major in mathematics for poets?
lol, the bottom line is your averaging multiple-top-picking strategy has no long-term prospect of success because, as explained, the small winning trades will not produce enough profit to cover the inevitable losing trades.
I'm assuming you've followed your averaging strategy for longer than a couple of months so it will be easy to see from a blotter or statement how profitable it was.
Instead of posting .doc attachments why don't you just post "Sold at xxx" in real time? It's a lot simpler and easier to follow.
So far all you have shown is that you have all the traits of just another 95% loser, the strategy is destined for account meltdown, it's just a matter of time.
I do not give a damn if you are a naysayer or not. That is your problem not mine. Every smart individual will know that you are not willing to produce the charts to test the hypothesis I challenged to test.
As for my private statement that is none of your fucking business. Yes I may show it, but you need to pay the price to see it, and in person if I please to.
No-one in their right mind would pay you a dime unless they can see your long-term results and consistency, and they're certainly not going to pay to see them!
lol, so you have nothing to show that your hindsight averaging-down and top picking strategy is profitable overall, that figures
Any fool can sell, and sell, and sell, and dollar cost average down a losing trade until either a top is reached and price either reverses or retraces or they run out of equity and get margin called and positions liquidated (whichever comes first!), it's not exactly rocket science! That may work for a while but eventually the big hit will come which will wipe out your account, guaranteed. Better people than you have tried and failed at strategies like this. You work on the premise that nothing goes in a straight line which is in the majority true, but there are exceptions where price goes up, sideways, and then up again, and it's those times that you'll get blown away.
The psychology behind the strategy is all wrong as well. When you're in a heavily negative trade, which you will be, it's just a relief to get rid of it at either the least loss or at break-even. Logic should tell you that risk without comparable reward is meltdown just waiting to happen eventually.
Tell me risktrading, how long have you been trading roughly? My guess, around six months? I bet your equity curve looks like a roller-coaster, right? How much are you trading with, 500, 1000 bucks? Oh no wait, I forgot, that's "none of your fucking business"
Have a good night everybody. Currencies seem to be sleepy, and I do not know if europe has the weight to move things assuming they are not on holiday (holiday here in US)
Where in the US?
Where are you located? In what city and
state are you located "here in the US?"
I have real problems with believing that
you are a native speaker of American English.
Quote from C- kid:
you spent time posting and posting
and you don't have time to post transaction blotter
you don't honestly think you are succeeding in creating customer loyalty for your soon to be announced service
You'll never see a statement or blotter from risktrading, he can only call tops in hindsight!
What makes me laugh is he's challenging people to post charts with little arrows and claiming he's ""The Butcher of EUR/JPY Bulls" riskfreetrading (god bless him and his good readers, and increase the number of paparazzi bulls with horns)." and other such nonsense, when all the trades he posts are from previous moves, in hindsight. He's the only one in this thread planning on trying to sell signals yet he's asking us to prove our trading skills while all the time he has none, lol.
One of the only trades he posted in real-time had 6 averaging short entries on the way up, not exactly what anyone would call 'risk free' or accurate, and the other real-time trade he called lost 71 pips!
You've heard of "Buffet, the Oracle of Omaha" right, well this guy is "risktrading, the Newbie Joke of New Jersey"
Wow risktrading you sure do like to repeat yourself again, and again, and again.....!
Here you go, here's my Oanda chart with the little arrows you wanted so desperately to see!
5 highs and lows, a total of 77 pips.
Now it's your turn, show us your blotters and/or statements, or in your own words "Every smart individual will know that you are not willing to produce them".....because you can't!
