nicoacademia

always welcome more participants to the contest i learnt this while doing marathons, it's a phrase oft repeated. "Run your own race." means alot to me when im making decisions in trading. clears up space in my emotions first and mind as its easy to see the market just go ballistic and feel like a total loser :crap: :doh: missing that out.

thnx Ingot i learnt to play defense joining TL's contests. TL's contests have improved my trading so much.

wasn't an easy month. but survival is the name of this game looking forward to next month's comp. i've learnt much whilst being part of these competitions.

personally for me. i find lowering leverage helped me alot. if you have seen me around since the beginning. what changed is leverage. i lowered it by alot. i am still fine tuning and switching my methods as well as relearning more about the market and learning more about myself but what helps me when i get it all wrong is the lower leverage. of course i hate low leverage because its like so much work to make $$. but i have a few live accounts that run parallel with my trading here n those that blow up(while this still stands and doubles++) is because it has the lowest leverage of all my accounts. i have a live 400:1, 300:1, 50:1 with various brokers. so...basically i can see the real results for myself. i guess because of my all or nothing style. the lower leverage helps me survive. and my personality is quite gung ho risk-taker too. stuff like personality is a factor in our trading too.

thank you onemove for administering so faithfully everyday the contest may has begun n we're innit for the long haul till june

thanks onemove i actually thought i had hit the 20% DD rule and stopped for awhile. only to check back and realise it was only -16%. so i continued from there. frank be to the truth. i'm just happy to survive.

take it from me i started out with a -80% account at the end of September 2012 contest. was also kicked out of the October 2012 one(so no record exists) and had -40% for November 2012. i could and should have continued to trade that badly. but the DD thing force cultivated some habits.

my opinion about the DD rule is that it should still be there as it will help traders who trade real money. personally i have come some way in learning not to over-lever. and it has also kept me in the game. i have been tweaking my strategy over the last 2 months hence the large large equity swings( and i nearly blew my DD too ). still fine tuning but getting somewhat closer.

you my friend onemove have some detailing to do you just hit 89%. and i have noticed how your curve has built up. it is really really admirable. you really have the right view of the market. would love to be able to sample your methodology i am very impressed!

mucked up. i;ll be back next month.

yes sir. i hope the demons will let me off this time.

if you knew my hobbies you'd realise i am drawn to pain. i don't know which mind controls the finger first but they can be a hassle to hold back cause when you hold this one down another 5 try to gain control of it. my plan is to try and trade smaller lot size. so its harder for me to blow up.

just jumped in. didnt notice the change.

actually i recommend the DD be left at 20% or lower. it is really a skill that must be learnt before trading live.

i actually like the DD rule. i'm thinking maybe by 2013 june i can fix my DDs i fit the blow-up trader personality anyway and psychologically that will take many months work to undo.

hmm. i will verify that the chart is wrong. i will resign to avoid any confusion. don't mean to trouble anyone. nor attract any 6 figure thai baht wires. might trip off STR.

hi mystic. umm. they open and close really quickly. actually i'm still trading the account. but just happy to trod along i dont' give up easily. haha. which is why i should have set a tighter stop before the a/c blew up. i was actually on the phone-line at work and when i looked back it blew right through. it's ok to me i am still refining my strategy. and too hard too fast and too intense. thanks for the kind words guys. i'm fine just trodding along being the first eliminated(kinda like survivor!) haha.

me:crap: ill b back for the next one with a better survival rate of less than 2 days.:rofl:

must say the OANDA tools are pretty awesome. i think signing up for the comp and getting the chance to see their tools on the fxtrade platform was worth it. that said i hope not to hit 5% dd too quickly!

the interesting thing is that i'm travelling during september. so i guess i will get a position in and see what happens from there. even on the 28th Sept i would be travelling so i will see how i can close the position. haha. but still i will try my best.

Thanks for the welcome i look forward to the competition.

Im trying to for the fun of it but replies under moderation :/

when does the comp start-end? i don't mind signing up just for pure fun.