YM Magic!

[southall]

Oh well, it is only paper trading. So blowing up doesnt matter.
Although he did waste a lot of his own time..

https://collective2.com/details/110646585

When you dont have a trading plan, trading always eventually ends this way.

 

[vanzandt]

Oh well, it is only paper trading. So blowing up doesnt matter.
Although he did waste a lot of his own time..

https://collective2.com/details/110646585

When you dont have a trading plan, trading always eventually ends this way.

Wow..... I just looked.
Its not wasted time if you learn something.
I am glad for him if it was just a paper account.

 

[southall]

I am glad for him if it was just a paper account.

He wouldn't last even a week if he tried to trade that way (upto 100:1 leverage) with a real money account.
Would have blown up ages ago by revenge trading as soon as he a hit his first losing streak.
Paper trading is a waste of time, gives the trader a false sense that they know what they are doing. That trading is easy.

 

[Pekelo]

I am glad for him if it was just a paper account.

He is still up 2.7%, unlike his subscribers.

 

[southall]

He is still up 2.7%, unlike his subscribers.

He is up 0, as he is only paper trading.

 

[Mtrader]

He is still up 2.7%, unlike his subscribers.

If you download the CSV you can see what he did:

He is losing over $6,000 and the number of winning trades on the website is wrong(or the list you can download is wrong). It is not 82 but 72 winning trades. So not 48.2%, but 42.4% winning trades.
I did not calculate the drawdown as the losses are already so big that the size of the drawdown is already clearly much too big too.
He is smart to papertrade.
But the conclusion for me is: throw everything away and start over again.

 

[vanzandt]

I guess the experiment is over.
TT1.... care to chime in here with some thoughts?
No shame in f'ing up once or twice.

 

[volpri]

He shouda let me motorhome over there to Dallas and watch over his shoulder. And see my uncle who just keeps living.

 

[truetype]

Oh well, it is only paper trading. So blowing up doesnt matter. Although he did waste a lot of his own time..

https://collective2.com/details/110646585

Strategy has been made "private"

The strategy owner has made this strategy "private." Please check back later.

 

[southall]

I guess the experiment is over.
TT1.... care to chime in here with some thoughts?
No shame in f'ing up once or twice.

The 'experiment' proved that you cant make 100% on demand every month, not without a very high risk of ruin.

If he had been a bit more sensible and targeted 10% per month, he might of had a chance of hitting or exceeding that. 15% a month compounded = 400% year.