If you read Karma-Spots strategy, you will see this in a previous entry: " I already wrote that S/L maximum depends on the market situation, but not more than 250 points."
His maximum exposure at any one time is is 5 trades @ 250 pips per trade.
If you read Karma-Spots strategy, you will see this in a previous entry: " I already wrote that S/L maximum depends on the market situation, but not more than 250 points."
His maximum exposure at any one time is is 5 trades @ 250 pips per trade.
Lord Flasheart
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sure,but wjy take off 1 position when he hits the stop,will he add it back in again?
Dunno guys, look to me that he is loosing it again....you know i really wonder (and not only for kama-spot) when you open possitions and you see that the market is going on the way it is going on, why not close then here and there when the dd is like -50/-100 pips, why wait, what for?
same story with FCC - one day loosing -100 and within the day, it was 500-600 loss - remember guys? if he has closed it by -100 a lot of bad things were going to be avoided that came down rolling after that.
same story with FCC - one day loosing -100 and within the day, it was 500-600 loss - remember guys? if he has closed it by -100 a lot of bad things were going to be avoided that came down rolling after that.
Pat494
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the think is that kama-spot for contract has it where as FCC has some 0 stops zero losses.....how the hell he managed to be as good as he was for so long with that idiotic strategy....i am still very curious
What is a realistic stop? What is unrealistic might be realistic for another trader.
In the case of Kama, he is setting 250 pips stop religiously - it is not a sign of undiscipline. Many might think it is suicidal because of the assymetrical risk reward approach but that is an issue of expectancy.
This is true, but because of this his drawdown phases wont last long. They will be quick and brutal. It's easier to hit a good run trading wide stop and small profits. We've seen it before. These guys like Spanish hit amazing runs then get wiped out eventually. Given this, it inflates how good he actually is. Even if he hits a bad couple of trades. He's still up a lot.
The point I'm trying to make is that yes it is a question of expectancy, but we would have no idea what the expectancy is. Given there's a good chance that if 100 people did the same thing(maybe). One would hit a winning streak like Kama has.
If I had a biased coin that had a 95% chance of heads on a coin toss, then it would be a lot easier to throw heads 20 times in a row than if I had an unbiased coin. Throwing heads 20 times in a row looks impressive to the unsuspecting.
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Totally agree. We keep on coming back to Kama because his is an interesting case of whether it is chance, luck, skill or a cocktail mix. He had a good start and so have some buffer to absorb some speed bums ahead. The test will be whether under pressure he will remove his protective stop and go the way of people like FCC. Only time can tell.
wackypete2
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tar
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I don't have to wait to know , he's not a skillful trader and he has nothing to do with proper trading i said that about FCC while he was at the top , Kama is not even interesting compared to other signal providers check F8 for example he survived 3 years and counting , it takes time for his real odds to kick in it depends on market conditions at the time but at the end most of them are going back to the starting line !
tar
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IMHO it is a fact
, it is based on his trading style combo :1- Fading momentum .
2- Averaging down ( was five trades now increased to six and will increase again ) : " The number of simultaneously opened orders also determined by the system and it closely tracks the border for which does not allows you to browse the rule of capital management " . ! Update : " I think in April until the Counselor finally adapts to market conditions do not open more than 3 positions " !! He's holding 5 right now ! .
3- Stops : wide or no real stops , he keeps moving his stops further . "The system automatically sends a signal that indicates the direction of the transaction, the entry point and a time interval for the tracking of the position. Stop order is always placed in the area of 35-55 points depending on the time interval, in which joined the system" ! , update : " My highest level of S/L-250 points for each position " ! So he may risk 250*5 =1250 pips at one time which is more than 60% of clients accounts based on his own recommendations : " In General, I recommend not more than 0.01 lot for every 150-200 $ with 5 positions open at one time "
4- Highly leveraged : Ofcourse he has an infinite balance with Zulu which is meaningless so we have to look at clients accounts and his own recommendations : " In General, I recommend not more than 0.01 lot for every 150-200 $ with 5 positions open at one time " .
So basically he is a very risky trader and he is not prepared at all for a series of consecutive losses which is going to happen eventually with every trader , he's trying to delay it by widening his stops but it wont work . The result he's not a skillful trader that's for sure no doubt about that ...
Lord Flasheart
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I am in complete agreement with tar and have written about this many times. He leaves his trades until they come good,through news,through the weekend,but then closes at the end of the month to get his commission.How in the world can he be a trader if he targets a few pips and leaves it to come good. He has backtested and found a system that is going to work the majority of the time but when it goes wrong it will bust the accounts,just like many before. Imagine going to a casino and backing 35 of the 36 numbers every spin,it could be 1000 spins before you lose,but when you do what happens.
IMHO it is a fact
1- Fading momentum .
2- Averaging down ( was five trades now increased to six and will increase again ) : " The number of simultaneously opened orders also determined by the system and it closely tracks the border for which does not allows you to browse the rule of capital management " . ! Update : " I think in April until the Counselor finally adapts to market conditions do not open more than 3 positions " !! He's holding 5 right now ! .
3- Stops : wide or no real stops , he keeps moving his stops further . "The system automatically sends a signal that indicates the direction of the transaction, the entry point and a time interval for the tracking of the position. Stop order is always placed in the area of 35-55 points depending on the time interval, in which joined the system" ! , update : " My highest level of S/L-250 points for each position " ! So he may risk 250*5 =1250 pips at one time which is more than 60% of clients accounts based on his own recommendations : " In General, I recommend not more than 0.01 lot for every 150-200 $ with 5 positions open at one time "
4- Highly leveraged : Ofcourse he has an infinite balance with Zulu which is meaningless so we have to look at clients accounts and his own recommendations : " In General, I recommend not more than 0.01 lot for every 150-200 $ with 5 positions open at one time " .
So basically he is a very risky trader and he is not prepared at all for a series of consecutive losses which is going to happen eventually with every trader , he's trying to delay it by widening his stops but it wont work . The result he's not a skillful trader that's for sure no doubt about that ...
I think points 1. and 2. are subjective interpretion because there might be a method to the madness that we are not privy to.
I concur the biggest problem is point 3. and magnified by point 4. His method has a very high risk profile for his followers and potentially risk of ruin if he gets a bad tail end of consecutive losses.
This reminds me of an interview with Salem Abraham (of Turtles) in a book where he talks about risk. Assuming you have $10 million to bet on a coin flipping game. There is 90 % success and 10 % failure in each flip of $10 million. Although the odds are very high in favour of a winning hand, the problem is betting the farm and the outside odds.
In summary I think is the risk management strategy rather than the trading skills.
tar
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It is all related , how he's gonna prove that he has trading skills without MM ? what trading skills means here then ? making 5-10 K pips without MM is meaningless anyone can make it , just take 5-10 positions and leave them open , eventually someone in the classroom will make it . Consistent growth for a long period of time with MM and Stops and a reasonable DD that what i would call skillful trading or proper trading .
tar
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Yes agree , i meant as a combo with 3 and 4 .
I think eventually he'll lose all 5k pips but not linearly. Something realistic like 5k down to 3700, back up to 4200 down to 3000 etc.. Like Lord Flasheart said, you could bet on 35 out of 36 numbers and hit a winning streak of 1000 spins. The law of averages states that someone will do it, if there's enough people trying.
