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Everything posted by Mysticforex
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Yes it is correct. By not using some kind of DD rule the Contest has turned into exactly the kind of Rodeo I was hoping to avoid. To me at least it doesn't make sense to expend anymore energy on it.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
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I have been down that road.. When I was younger doctors were always wanting to send me for Gloucose tolerant's testing. Always tested normal. Always felt great ( still do though nowadays the thought of an afternoon nap is hard to resist).
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That would be interesting ZDO. I used to do a 3 - 5 day fast twice a year. Just cleansing. not weight loss. this was a few years ago, not recently. Sometimes it bothers people when I say my problem is keeping weight on.
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Nic, are all your trades closed ? or do you have any open ?
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So, weight loss without sacrificing strength, stamina, or overall health ?
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iPhone, IMHO... I don't really use my phone for trading, just monitoring.
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Results so far: ---------------------------------------------------------------------------------------------------------------------------------------
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------------------------------------------------------------------------------------------------------------------------------------- Of course. Comment or ask questions.
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To all. Please feel free t post any reasons, descriptions of the trades you have taken. It's not mandatory but I am sure a lot of people would find it interesting.
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----------------------------------------------------------------------------------------------------------------------------------- Re prev message. I don't know why the quote did that, I tried editing but couldn't get it straight
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------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Completely understand. I've participated i so many contests I don't give it a second thought. We'll catch you at some future date.
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First day. As expected not much activity, Big holiday in the States.
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We are officially started. We had 9 entrants but have 1 resignation. Good Luck to all !!
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If you are non US resident I believe you have that on your platform.
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Ok hen it looks like we are ready to roll. Just waiting/hoping for a last minute entry or 2.
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We can't differentiate DD on a single trade, Oanda is not set up for that. Just Max DD at any given time.
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Friday, August 31 is the last day one can sign up for the contest. I will log on to Oanda on that day at 10:00 PM EDT ( GMT -5 ) to see if there are any last minute contestants. The contest begins the next trading day ( for me that would be Sun 9/2 at 5:00 PM So far we have 8 contestants. Are we all agreed on the Draw down rule? Speak up. This is not MY contest it is OUR contest.
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Those of you just getting into trading, what are your expectations? Have you heard the stories of relative new traders turning their $10K accts into $100K in 1 month, 6 months or a year? What kind of expectations do you have? If they are unrealistic you may be setting yourself up for failure. If you could make just 1% a day on your account you would own all the wealth of the planet within a decade (assuming compounding). So beware of the 10 pips a day brigade - it just doesn't happen like that. Beware of the claims of 90% win rates - they are almost certainly lies. Several years ago I had a 103% return on one of my accts in a month's time. Five months later I margin called the same acct. Learn to walk before you try to run.