MP should get together with market surfer, between the two of them they could rule the forex markets! Neither one of them practice conventional risk management protocols, and last time I checked, surfer didn't know whether he was LONG or SHORT the EUR/USD pair. Sorry you had to lose your homes to the ex. Same old same old on that one. Maybe that's why you're so willing to take money from others ...
surf can trade well. that oil trade was nuttin' short of amazin'. this guy wouldnt get to the same level if he could live and trade for 1000 yrs.
================================= actually jimmyjam, it was nothing but a business transaction -- in return for her getting the homes, my then pre-teen daughters got to remain in the home they had been raised in, I got the freedom to see them ANYTIME THEY WISHED TO SEE ME (not that horrid every two weeks thingie), and living less than 4 miles from them, that was constantly ! Upon her death, the children get the assets (also a clause in the divorce contract AND her will !) which reminds me of an old saw I recount seeing on the helmet of Yonkers mtcycl club member --- "you never really know a woman till you meet her in divorce court", and the other, perhaps more succinct and to the point -- "if I had shot her then, I'd be out by now !" Consider them at your leisure ! mp
======================================= Interesting !! what exactly IS "conventional" risk management, and bet theres an awful lot of excellent traders who dont practice it ! dont answer, i know what it is ! mp
honestly, from me, it's how i'm going to survive and prevail as a trader. if a trade is going against my position, i'm going to cut it and either look for another directional opporutnity in that same trading session OR look for another same directional opportunity in the next trading session if my technicals haven't changed. and if they have, i'll look for an opportunity in the reverse direction. not rocket science, but it allows me to survivie with small losses, moderate wins, and occasional home run (but not really look'in for 'em, but they do make the difference). if your methodology does not incorporate that, i personally am "OK" with it, but you should make sure that your um, clients really understand what they are getting into (the OP didn't, that's for sure). jj
could you explain the thought process of your trades as per the log... one by one? If you have such a strong methodology, it shouldn't be too difficult.. Just try the first few trades...
he's got a thought process? strong methodology? you are kidding. He was throwing darts on the board and hold (come hell or high water) until it becomes profitable. LOL
I dont understand the first trade...it looks like he entered a short JPY and then offset it a few minutes later...why does it show as a 3K loss 2 days later?
Anyone who has series 3, please give us the official definition of scalper, I know what it is, but I would rather someone else give the definition, I have already had too much exposure here and the "Principals" are getting nervous. And I still smell a big fat river RAT. YUMMMMMMMMMMMM Tasty snack for the Viper. The Big Fat River RAT Smelling VIPER
That's a valid request. Post the trades and let's see what really happened. I've got a funny felling that they are going to show the account was at the very least badly miss-managed. If so, I've got to wonder about how MP actually MAKES MONEY in this game ... for either himself or his clients, huh, clients LOL - it's more like naive shills. JJ