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Ikhnaton

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Posts posted by Ikhnaton

  1. Re: Why Do Traders Lose?

     

    trading to win goes against logic ......... only few manage to go against that logic.

     

    Let's say you start your account with usd 1000 and have a logical 50/50 odds. a winning trade of 10% of your usd 1000 is usd 100, but a losing trade after that of 10% of your usd 1100 is usd 110.

     

    If you lose first then win then when u lose 10% of your balance, u end up with usd 900, but when u regain that 10% .. it's only usd 90.

     

    Gambling odds with the spreads is around 47/53, means 47% of the time you'll win and 53% of the time you'll lose. and every time you lose and win a trade of 10%, you will still lose 1% of your balance.

     

    to make a profit you actually need to have a consistent 3 wins out of 5 trades. The gambling odds of someone winning 3 trades out of 5 is close to 25% if you ask me.

     

    And to do that all the time, you have to have something up your sleeves which i think only 5% of traders have what it takes.

     

    Since it's long term.... if your target is 500 trades a year, then hopefully you can work towards getting 300 winning trades and not burn your account with a losing streak before that. On the positive side, i think people get better through time and experience. Happy trading :)

     

    Example of high risk trading plan :

     

    Initial deposit USD31 million (borrow from some loan shark)

     

    leverage 1:200

     

    1st trade : USD 1 million (buy a 200million lot) TP 50pips and SL 50pips

    (47% chances you will profit 1 million and 53% you will lose 1 million)

     

    let's say u lose the 1st trade :

     

    2nd trade : USD 2 million (buy 2 lots) TP 50pips and SL 50pips

    (71.91% chance you will profit 1 million and 28.09% you will lose 3 million)

     

    let's say u lose the 2nd trade also :

     

    3rd trade : USD 4 million (buy 4 lots) TP 50pips and SL 50pips

    (85.11% chance you will profit 1 million and 14.89% you will lose 7 million)

     

    ok you lose the 3rd trade also :

     

    4th trade : 8 mil (8lots) TP and SL 50 pips

    (92.11% you profit 1 mil and 7.89% you will lose 15 mil)

     

    well u lose it also :

     

    5th trade : 16 mil (16 lots) TP and SL 50 pips

    (95.82% you will profit 1 mil and 4.18% you will lose 31 mil)

     

    hehe....... so there's a 95.82% chance you'll be a millionaire and retire put the money in the bank after winning USD 1 million and returning the 31 mil you borrowed from loan sharks with 5 trades and 4.18% you will be owing loan sharks 31 mil and running away from them.

     

    Anyone who tries this please tell me haha

  2. One Piece (I assume all u guys read and watch these....coz they're totally awesome)

    Naruto

    Bleach

    History's Strongest Disciple Kenichi

    Gantz

    Claymore

    Eyeshield 21

     

    any other good titles?

     

    If u haven't watch then watch :

    Heroic Age

    Utawarerumono

    Zegapain

    Elfen Lied

    Full Metal Alchemist (classic)

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