See how quickly you can blow up an account!

W

wxytrader

In 24 hours I went from .007 btc ($262 USD) to .0022 btc ($824 USD) to bust. I will say though that as far as pure trading goes, you can't beat binaries. The bulk of my gains were from simple Rise/Fall or Higher/Lower.

For some reason, even though it was just a small loss, losing .002 btc pissed me off so I went after it with a hail mary 1 minute trade...like wtf? I think I was hangry or got bored with the progress. I was starting to look at $50 wins as missing out on a potential $300 if I had sized up.

In the next phase I will be trading about .01 btc per trade so will have to be more disciplined. I guess technically I'm not out because I just need to load up some more and continue on...but so dumb the way I just handed back profits.



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This is called self-harm (assuming those are your funds, not the ones of your wife or parents). You should stop doing what you are doing, you don't seem to have a clue.

wxytrader said:
In 24 hours I went from .007 btc ($262 USD) to .0022 btc ($824 USD) to bust. I will say though that as far as pure trading goes, you can't beat binaries. The bulk of my gains were from simple Rise/Fall or Higher/Lower.

For some reason, even though it was just a small loss, losing .002 btc pissed me off so I went after it with a hail mary 1 minute trade...like wtf? I think I was hangry or got bored with the progress. I was starting to look at $50 wins as missing out on a potential $300 if I had sized up.

In the next phase I will be trading about .01 btc per trade so will have to be more disciplined. I guess technically I'm not out because I just need to load up some more and continue on...but so dumb the way I just handed back profits.



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M.W. said:
This is called self-harm (assuming those are your funds, not the ones of your wife or parents). You should stop doing what you are doing, you don't seem to have a clue.
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It's all relative...no clue how to triple an account in a day I guess lol. I just don't want to grind it out so much...would prefer less trades larger size. I'd like to see your P/L pulling that many trades.
 
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Don't cry later despite having been warned.

wxytrader said:
It's all relative...no clue how to triple an account in a day I guess lol. I just don't want to grind it out so much...would prefer less trades larger size. I'd like to see your P/L pulling that many trades.
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M.W. said:
Don't cry later despite having been warned.
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Going from HTF trading to LTF is a fairly easy transition...its just about recognizing the same patterns over and over...almost feels like an ATM ..just got wreckless.
 
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If you had made a single dime doing what you claimed to have been doing for the past years you would not be swinging those trash instruments. I believe your statement about your endeavor over the past years, but it was all pnl negative. Hardly anything worth mentioning in support of any argument

wxytrader said:
Going from HTF trading to LTF is a fairly easy transition...its just about recognizing the same patterns over and over...almost feels like an ATM ..just got wreckless.
More...
 
wxytrader said:
In 24 hours I went from .007 btc ($262 USD) to .0022 btc ($824 USD) to bust. I will say though that as far as pure trading goes, you can't beat binaries. The bulk of my gains were from simple Rise/Fall or Higher/Lower.

For some reason, even though it was just a small loss, losing .002 btc pissed me off so I went after it with a hail mary 1 minute trade...like wtf? I think I was hangry or got bored with the progress. I was starting to look at $50 wins as missing out on a potential $300 if I had sized up.

In the next phase I will be trading about .01 btc per trade so will have to be more disciplined. I guess technically I'm not out because I just need to load up some more and continue on...but so dumb the way I just handed back profits.



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Your credit / debit column
Your credit / debit column is either positive or zero.
There is no negative number.
You have achieved 100% win rate.
Honestly, this is extremely bad.



For the past 2 days, is BTC on the downtrend?
I see that you have 100% SELL trades.
I see that you have red arrows pointing up and down.


You should add a few more columns like
- actual reward : risk ratio
- maximum possible reward : risk ratio

Based on the way you trade,
even if you change from LFT to SLFT super low frequency trading
wouldn't help.
 
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maxinger said:
Your credit / debit column
Your credit / debit column is either positive or zero.
There is no negative number.
You have achieved 100% win rate.
Honestly, this is extremely bad.



For the past 2 days, is BTC on the downtrend?
I see that you have 100% SELL trades.
I see that you have red arrows pointing up and down.


You should add a few more columns like
- actual reward : risk ratio
- maximum possible reward : risk ratio

Based on the way you trade,
even if you change from LFT to SLFT super low frequency trading
wouldn't help.
More...

???
I sorted by sells to just show P/L. I went from .007 BTC to 0.022. Win rate last round was 71% this round was probably around 60% but 1:4 risk reward if not better. I can do 60% win rate in my sleep. Profits aren't made from win rates so much as scaling up at the right time.

maxinger said:
For the past 2 days, is BTC on the downtrend
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I'm not trading BTC ..I'm trading with BTC. Regardless the trend is irrelevant to trading...I mean which trend would you be referring to? Yearly? Weekly? Daily? Hourly? Minutes? Seconds?
 
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M.W. said:
If you had made a single dime doing what you claimed to have been doing for the past years you would not be swinging those trash instruments. I believe your statement about your endeavor over the past years, but it was all pnl negative. Hardly anything worth mentioning in support of any argument
More...

I'm holding positions right now for multiple years...been loading up so ready for the recovery. In the meantime I am dabbling in more income generating trading. Anyway not sure what all the negativity is about . that was some consistent trading ..like a straight up the profit ladder...just ended badly with an impulse trade.
 
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