Pure Pip Producer : style and expectations

[Pure Pip Producer]

you can't handle losses.

True!

But i can manage the time between the losses.

 

[Muiris]

True!

But i can manage the time between the losses.

you said there was no cut off point for the month, because when you are down you keep trading .

because you have a "hope edge" or something. i'm not seeing managing of time between losses there.

 

[Pure Pip Producer]

you said there was no cut off point for the month, because when you are down you keep trading .

because you have a "hope edge" or something. i'm not seeing managing of time between losses there.

• #42

As i can manage the time between the losses, i can manage the time between the gains.

Now, you probably understand that to manage the gains is better than to manage the losses.

And now you probably understand why it's better stop at the top.

Or maybe you prefer to stop at the loss?

Let me know...

 

[CavaliereVerde]

Suppose a trader want to limit DD to 10% or 1% .
He stops trading.
Whe he restarts there is no guarantee that DD won't continue, stopping for one day one month or one year doesn't make any difference.

 

[Muiris]

• #42

As i can manage the time between the losses, i can manage the time between the gains.

Now, you probably understand that to manage the gains is better than to manage the losses.

And now you probably understand why it's better stop at the top.

Or maybe you prefer to stop and the losses?

Let me know...

I've seen this before. first bad month and you are done

 

[Pure Pip Producer]

Whe he restarts there is no guarantee that DD won't continue, stopping for one day one month or one year doesn't make any difference.

Exactly, that's why it's better to stop at the top.

 

[Pure Pip Producer]

I've seen this before. first bad month and you are done

Probably, those who show you that didn't pyramid their positions as i do...

When you scale in your entries, you have nothing to fear about the future.

The Future become your friend.

 

[Pure Pip Producer]

I've to go so sorry if i don't answer.

Please keep on speaking.

I will answer tonight.

Ciao bellos!

 

[ASGTrade]

I've seen this before. first bad month and you are done

Reminds me of the rookies that trade with a large or no stop loss and with 5-20 pips take profit per trade. Works very well, green numbers everywhere. 90% success rate. Until one day.. Case closed.

Anyway, if there's any industry where loud-mouthed kids are shown up very frequently, it is this one. Can only ignore and enjoy the entertainment.

 

[jekadril]

I've seen this before. first bad month and you are done

He is telling the truth. He manages time in drawdown by closing Darwin. 😀

 

[CavaliereVerde]

Darwinex - The Trader Exchange

The online brokerage that allows sophisticated traders to trade the market and investors to back them.

community.darwinex.com

Seems the same story...
Monthly targets, max loss.
You can stop trading after a profit or after a loss, you cannot predict the result of your future trading.

 

[trilobite]

You can stop trading after a profit or after a loss, you cannot predict the result of your future trading.

True, but many successful traders, especially day traders have a daily, weekly, monthly loss limit. It allows a psychological reset time, like a circuit breaker. I have seen signal providers in the past in a big drawdown carry on and get stuck in the myth that they can quickly recover the drawdown if they just trade "harder".
The result is usually they put themselves under so much pressure that they blow up the account, or close out at a huge drawdown, then give up. (I an talking hear mostly about manual discretionary traders, I guess if that happens with an algo, your only option would be to switch it off).

 

[Gargamel]

@trilobite That is how it was done in the old days at the trading desks.Old cats ,who have seen all and survived all,were watching traders like falcons.When they got in trouble,the old guy just took his chair and sent him away to cool off.If incident repeated,the guy was sent away for longer time or until the end of month.If he got in trouble again,that was a sign he cannot handle the trading for whatever reason and was escorted out of building by security.Bye,bye.Every year new,fresh graduates were coming from top universities,so institutions had high turnover in young traders.Very darwinian.
That is what I learned from a retired old cat himself.

 

[Pure Pip Producer]

True, but many successful traders, especially day traders have a daily, weekly, monthly loss limit. It allows a psychological reset time, like a circuit breaker. I have seen signal providers in the past in a big drawdown carry on and get stuck in the myth that they can quickly recover the drawdown if they just trade "harder".
The result is usually they put themselves under so much pressure that they blow up the account, or close out at a huge drawdown, then give up. (I an talking hear mostly about manual discretionary traders, I guess if that happens with an algo, your only option would be to switch it off).

True, that's why i proceed that way to manage a Drawdown (check 1st picture)

Reminds me of the rookies that trade with a large or no stop loss and with 5-20 pips take profit per trade. Works very well, green numbers everywhere. 90% success rate. Until one day.. Case closed.

Anyway, if there's any industry where loud-mouthed kids are shown up very frequently, it is this one. Can only ignore and enjoy the entertainment.

me a rookie? LOL I trade since 10 years! exactly october 20 it will be 10 years. So in 11 days! Wish me a happy anniversary !!!!


Now look how to manage a Drawdown and have a trading lesson.

It was last month :

Just after the first loss after a HWM, trading has been stopped at almost the top of the Equity Curve, until the 1st day of the next month.

You didn't see it... Do you need glasses?

I manage the time. The time between the losses.

He is telling the truth. He manages time in drawdown by closing Darwin. 😀

Not like this "Jekadril" with his Darwin PNB : https://www.darwinex.com/darwin/PNB

That is a real fucking joke who makes me want to cry or to laugh, i don't really know :

The guy spent 1 day at the top of his Equity Curve and he comes here to speak with me... POUAHAHHAHAHAHAHAHAHAHAHAHAHAHAAAHAHA


You're the JOKE of the YEAR !!!!!!


Look at the trading account :

I've never seen that of my life Moauahahahahahaaha

You are the most ridiculous trader of Darwinex

Thank you for that moment! It was great!






Really, what can i see here is that Investors are happy because they earn money and traders are jealous as they lose money.

So to me, i really think that the level at Darwinex is fucking low!

Guys, improve the level, please !!!

Show us that you can pyramid your trades!

Pleeease ! I swear !!! It will save you !!!

Stop to be so ridiculous!!!!

I'm here to try to help you! And save you from your stupid cognitive bias!!

 

[Pure Pip Producer]

You can stop trading after a profit or after a loss, you cannot predict the result of your future trading.

Of course.

But we can manage the time between them.

That's what i do...

 

[Pure Pip Producer]

That's all guys? No more attacks?

Please i want more... 🙏

I'm "Antifragile", the more you attack me, the more it strengthens me.




...and the more i will destroy you and your ridiculous track-records.

 

[Pure Pip Producer]

Once you will stop to attack me, we could probably discuss seriously about the Reality.

 

[jekadril]

I see that you know how to use smiley's, lets see if you can acumulate one year of data in Darwin.🤔
What I see is that you had 4 good months and now you are in the state of euphoria, know it all. It is quite common, I have gone it throu also, but I had a common sense to keep it to my self.
I wish you another 8 months (good or bad) and than we can talk trading.

 

[Pure Pip Producer]

Every sane person would prefer to have a 4 months track-record like that than 3 years of your agony.

 

[Pure Pip Producer]

Do you have a vegetables soup in the brain or what?

Why do you keep going to trade that way?

Why you don't change something in your mind?

Do you know that's one of the definition of the madness? To continue always the same thing and expect another result.

Really...