College Fund Challenge

[tkbieber]

Do you not update when you have open positions in loss or something? Or are you picking which megayachts to buy?

I update when I update and no use reporting no news. But, if you must know, a trade is open and waiting for it's end. No real new's there, go figure.

If you want the play-by play action, game opened with a grand +1 pip, then dropped to -67.6 pips before returning for the rebound of -3.9 pips. Then, lady's and gentlemen, later in the day the interception happened down the 30 yard line taken by pip number -149. Now the defense has a great comeback with only 29 minutes left in the session. Down by only 74 points, will she drive it to the n-zone to make history? Drum role please! :cheers:

 

[Masquerade]

So as you like to report in %, what does -67.6 and -149 pips equate to and what does -74 mean?

 

[tkbieber]

So as you like to report in %, what does -67.6 and -149 pips equate to and what does -74 mean?

I would need to calculate it but the SL would be -15% so I'm thinking -149 pips is around -8% and -67 and -74 is somewhere under that. It's much easier once the trade is finished. You just look at the history page and see what the % gain or loss is for the trade. You can also look at the equity as well. Currently the equity is 95.04%. Just take 100% minus 95.04% and you see what the current trade in percent is. Myfxbook gives you a lot of info.

 

[Masquerade]

Oh, that's not too bad then because previously you took a loss of a few hundred points and pretty much blew away most of the account. It's a shame (although it works out better for you) that open trades are private.

 

[tkbieber]

Oh, that's not too bad then because previously you took a loss of a few hundred points and pretty much blew away most of the account. It's a shame (although it works out better for you) that open trades are private.

Yes, max risk per trade is 15%. Current open trade -8 pips. Looks like it will hang around a bit yet.

 

[tkbieber]

Well, that was an exciting ride. +40 pips accomplished with +2.5%. :clap:

 

[Masquerade]

No update?

 

[tkbieber]

No update?

Sorry, been gone all day. There was a trade made and currently still open. This month is close enough to over so the total for this month is -39%.

Because I started fresh in the middle of the month, I'm not considering the +14.5% for the new account. I'll begin tomorrow.

 

[tkbieber]

Ok, so Monday's trade closed out. +35.9 pips. :clap:

Last night another trade opened for +14.8 pips. :clap:

Total gain for the two trades was: +5.45%

 

[tkbieber]

Market squeezed out +1 pip and .33% for the day. :clap:

It's a nice, consistent gain of 5.8% for the month so far.

 

[Hotch]

Has anyone actually signed on to your fund since you had your first big loser, how about the second?

 

[tkbieber]

Well, out of two trades that opened today, one closed with +15 pips and +4.9%. :clap: The other trade is still open. :|

 

[tkbieber]

Two more trades opened last night so it's just a waiting game.

Up: +11.14% for the month.

 

[tkbieber]

 

[tkbieber]

Made another +2.7% today. :clap:

 

[tkbieber]

No new trade today and there are still two open trades. The market is stuck on a sideways action. Until it stops consolidating and decides where to go, nothing is going to happen.

 

[tkbieber]

Ok, well finally the market moved. One trade closed out for +1.3% :clap:

The other trade closed out for a loss of -14.8%.
Now, to test my system to see if it will recover soon.

 

[Hotch]

Has it ever recovered?

 

[tkbieber]

Has it ever recovered?

For as far back as I could test (15 months), it has recovered. What it hasn't had yet was two losses in a row. I know that one day, it will probably have two losses in a row. Therefore, I know it is escentual to risk even much less than 15% per trade.

 

[tkbieber]

Yeah!! The loss recovered nicely and I'm back to +14.8% for the month. :clap: