What Makes a Trader Successful? A Personal Reflection

Discussion in 'Forex' started by Prospergain, Nov 24, 2024.

  1. Thank god
     
    #31     Nov 24, 2024
  2. SunTrader

    SunTrader

    Right, shouldn't a successful trader already know that? Rhetorical question of course.
     
    Last edited: Nov 24, 2024
    #32     Nov 24, 2024
    BKR88 likes this.
  3. BKR88

    BKR88

    OUCH! I would never invest in this program.
    You started this thread by questioning why someone wouldn't invest.
    Well, now you know why. :)
    Do you think that drawdown is acceptable?
    Doesn't matter if you traded your way out of it. A larger investor isn't going to stomach a +70% drawdown on a 6/7/8 figure account.
    Keep trading it yourself and figure out a way to reduce the drawdown.

    dd.jpg
     
    #33     Nov 24, 2024
    MarkBrown likes this.
  4. Businessman

    Businessman


    Its a 1:1 MAR ratio type system, actually a bit worse than 1:1, 65% return with 73% drawdown

    He should go for 15% CAGR return with max 20% drawdown.
     
    #34     Nov 24, 2024
    BKR88 and Prospergain like this.
  5. Businessman

    Businessman

    However looking at the spreadsheet screenshot, what does the Trades column mean, 785 trades in 2020 but only 20 trades in 2021??

    That makes no sense. So his numbers are very confusing, originally the stats he posted made it look like the back test was taking 167 trades over 15 years...


     
    Last edited: Nov 24, 2024
    #35     Nov 24, 2024
  6. Thank you for your insights guys. I really appreciate them. I will indeed add a system on my portofolio with 15% CAGR and max 20% drawdown. My strategy is scelable. The one i have posted is the best results based on ROI. I have to built a track record based on this new system and i hope i will attract the right people.
     
    #36     Nov 24, 2024
    BKR88 likes this.
  7. Trades: 167 these stats are for 2024 and Live account
     
    #37     Nov 24, 2024
  8. Businessman

    Businessman


    But why 700+ trades in 2016 and 2020 but only about 20 trades in 2012 and 2021????

    Very strange..
     
    #38     Nov 24, 2024
  9. Because it trades MOSTLY after big economic anouncments like NFP and Economic crises like Flash Crash 2010 and the rest as you can see on the spreadsheet screenshot.
     
    #39     Nov 24, 2024
  10. For example these are some of the trades on black monday (August 5 2024)
    454290435_8451745554870267_1979630423498364045_n.jpg
     
    #40     Nov 24, 2024