My last $150

iamnewuser911 said:
So I'm left with my last $150, I'm a forex trader.

I just can't stop revenge trading.

Just lost money so I'm left with $150.

I don't feel sad or anything, honestly I don't really care. (I sound like a douche, sorry)

My plan is to divide it into 3 parts, and look for setups this week. My average risk to reward is 1:3. (I have a system) around 68% win rate.

I'll follow it and for the next 3 setups I'll risk that amount.

Does anyone have any advice? I'm not sure why I do it.. Maybe it's just simply "Just don't do it anymore"

I always do it after a loss and always turn bad lol..

I also don't know how I can turn my 150 into something I can use to trade "Full time".. or make millions

Please help.
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Ok, here's what to do-- listen carefully.

Open up an account at www.nadex.com.

Wait for a series of 3 down days in the DJIA -- wed, thursday, friday are the days with each day being down.

On Monday, purchase 14 weekly call contracts at $10.00 each 200 plus points out of the money. Your bet is the DJIA emini futures will climb 200 plus points by the close 415 on friday. If you guess right , your 150 is now $1400--- or you can double triple or whatever should we get just a single spike higher prior to a sharp move lower if you dont want to risk a 10 bagger.

Good luck!
 
marketsurfer said:
Ok, here's what to do-- listen carefully.

Open up an account at www.nadex.com.

Wait for a series of 3 down days in the DJIA -- wed, thursday, friday are the days with each day being down.

On Monday, purchase 14 weekly call contracts at $10.00 each 200 plus points out of the money. Your bet is the DJIA emini futures will climb 200 plus points by the close 415 on friday. If you guess right , your 150 is now $1400--- or you can double triple or whatever should we get just a single spike higher prior to a sharp move lower if you dont want to risk a 10 bagger.

Good luck!
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Why don't you just tell him to go to the horse races if that's your attitude
 
wwatson1 said:
Why don't you just tell him to go to the horse races if that's your attitude
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Im sorry you feel that way. The market is biased to bounce after being down. No such bias exists in horse racing or roullette. Plus you can trade out of nadex binaries at any

Totally different. There's an edge to going long after 3 down days.
 
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marketsurfer said:
Do the testing and see for yourself.
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for the period 5/10/2010 till today this is what happens:

upload_2015-8-6_19-14-49.png


I favoured your system by supposing that you get in at the low of the day, which is impossible. So real performance will be even worse then what I calculated.
Almost 92% trades that will not reach 200 points, so no profit.
Your average profit should be 11 times bigger than your average loss, and then you should still deduct commissions, slippage ....
Not really a performing system if you can only guess 8,38% of the time the good direction. Random choosing or gambling will be much better.

If I take as entry (HIGH+LOW)/2, you have almost 95% losers and average profit should be 17 times bigger than average loss, and then you should still deduct commissions, slippage .....
 
Maybe Surf should try your full moon idea? I have to say that the sun is shining one might not work (although perhaps better than his 92% losing idea). The way I see it if the market has been down 3 days in a row and now the sun is shining those people will want to go out and enjoy the nice weather after losing their $ for 3 days. But...if after 3 down days it's raining out those people will be forced to stay in and watch the market. At that point they will have had enough and sell more.

Nice work though obliterating his hilarious 3 day rule.
 
EPrado said:
Maybe Surf should try your full moon idea? I have to say that the sun is shining one might not work (although perhaps better than his 92% losing idea). The way I see it if the market has been down 3 days in a row and now the sun is shining those people will want to go out and enjoy the nice weather after losing their $ for 3 days. But...if after 3 down days it's raining out those people will be forced to stay in and watch the market. At that point they will have had enough and sell more.

Nice work though obliterating his hilarious 3 day rule.
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It was just a suggestion-- it could work and with $150.00 it would be tough for the guy to find a better risk/reward scenario. Did you make that donation yet? Why not ask your buddy atticus how fast marketsurfer pays his losing bets.

surf
 
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