Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Mysticforex

Traders Laboratory Forex Trading Contest!

Recommended Posts

Averaging down + too much leverage = recipe for disaster

 

I do ok for a while with stops in place and reasonable position sizes .... and then that little red guy on my shoulder starts whispering in my ear: "what a pathetic return, you can do better than that, INCREASE POSITION SIZE!!!" ..... and somehow I can't resist :(

 

Thank you - it takes courage to share that. Being aware is the first step to control that whisper. That whisper makes its rounds by the way, so know that you are not alone. Next time imagine all of us in the contest backing you when you whisper back to that little guy "I can make up my own mind regarding position size - Thank you very much!"

 

Imho both averaging down and heavily leveraged positions will work under the right market conditions and circumstances. It also comes with associated risks and consequences - an advanced technique indeed with very little margin for error.

Edited by onemove

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Actually, I doubled my equity as well. and another account with oanda mysteriously trippled the equity.

 

I did some research and found out that there were some fake ticks that caused sell orders to be closed out at 0.00000 price. So the profit will be very large on those trades where the fake tick occurred. Oanda customer service is aware of the issue and will advise when it is fixed.

Share this post


Link to post
Share on other sites

That is amazing! Did this happened on certain pairs only?? I did not notice that in my account.

 

Actually, I doubled my equity as well. and another account with oanda mysteriously trippled the equity.

 

I did some research and found out that there were some fake ticks that caused sell orders to be closed out at 0.00000 price. So the profit will be very large on those trades where the fake tick occurred. Oanda customer service is aware of the issue and will advise when it is fixed.

Share this post


Link to post
Share on other sites
That is amazing! Did this happened on certain pairs only?? I did not notice that in my account.

 

Across two separate demo accounts, GBPUSD, AUDUSD, and EURAUD. Based on this, I concluded with customer service that these fake ticks were occurring across multiple instruments. The Oanda representative acknowledged several other people reported the same incident.

 

Customer service claims the problem has been fixed. We will see. I wonder if they can fix the trade prices. They probably aren't too concerned as it is a demo account.

Share this post


Link to post
Share on other sites

Well the contest is over, the results are. in.

Congratulation to Nicoacademia for a fine job.

 

I was thinking of taking a break from the contest for the month of July, resuming in August.

I will be posting the link to join a about 2 weeks ahead of time. This should give anyone interested plenty of time to get set up.

 

I am also thinking of going back to the 1 month format. Let me know if there are any objections to that.

c630.thumb.jpg.c97a23fc79b6e2f3dc6a3c8c1420f657.jpg

Share this post


Link to post
Share on other sites

Congratulations Nicoacademia!

 

Thank you Mysticforex for administering the contest. Looking forward to the next one. No objections to change of format.

 

Well the contest is over, the results are. in.

Congratulation to Nicoacademia for a fine job.

 

I am also thinking of going back to the 1 month format. Let me know if there are any objections to that.

Share this post


Link to post
Share on other sites

Congratulations Nico! Hardwork and discipline can and do pay off. The next piece of hardwork is maintaining the hard won discipline!

 

Maybe I'll try the next contest as see if I can give you a run for your currency ;)

 

Good Work!

Share this post


Link to post
Share on other sites
Congratulations Nico! Hardwork and discipline can and do pay off. The next piece of hardwork is maintaining the hard won discipline!

 

Maybe I'll try the next contest as see if I can give you a run for your currency ;)

 

Good Work!

 

:D 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: :angry: missing that out.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
    • The ewallets can be instant withdrawals like skrill etc or they can also pay through crypto but not tested their crypto withdrawals so far.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.