Account In Jeopardy App Idea
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Thread: Account In Jeopardy App Idea

  1. #1
    Gmaisys
    Guest
    Hi. I have been trading for five years and I just dug my umpteenth account. Sounds familiar right.

    It got me thinking: can't there be an program, based on the timely shot of capital by a central poolinto one's trading account in a minute's notice - in the vital period of margin call alert such as.

    Traders make payment contributions to a escrow-type central account according to enrolled membership. After account in jeopardy has been salvaged, funds have been returned into the central pool.

    I have argued time ago that, although FX trading indeed is zero sum total in arrangement, it's a scientific actuality that no actuall losses can happen for ALL traders in poibt of closing trades, and I will prove it right here:

    1. Assume 5 short-term traders and 5 long-term traders to be all the traders in the FX universe.

    2. The 5 shot-termers each input, and then shortly exit winning trades, at the expense of the 5 long-termers whose accounts are showing losses (consistent with zero sum) - but still have their trades open. These are deep-pocketed trades which are prepared for the longer haul.

    3. In the course of time, market prices change from buy pressure in the short-termers who've made new trades in the opposite direction to their initial trades and after more they depart in profit. The long-termers can ride the swings to then pick such a time as when their very own open trades are in profit, then depart.

    4. Exiting in profit by the long-termers are going to be at the expense of the short-termers that were in the wrong end of the exit trades. However, by waiting for their open trades to maintain profit before departing, therefore mean such a cycle between traders in opposite ends of trades, can result in no party having to register real losses eventually.

    The program for accounts in jeopardy may be useful tool towards that Uhuru.

    Could we not form this kind of association-based app traders? I would love to find this created as source material to the trading community.

  2. #2
    jgp1258
    Guest
    Why don't you open a smaller place or deposit more money in the first loion? That way you can handle the drawdowns greater

  3. #3
    Gmaisys
    Guest
    Quote Originally Posted by ;
    Why not just open a smaller position or deposit more money in the first loion? That way it's possible to handle the drawdowns better
    Everything you say borders on the standard advice to safeguard one's account from enormous drawdown and margin calls: proper money management, reasonable lot dimensions, ideal trade entry points, etc..

    And yet accounts still get lost all the time. So I guess my program idea greatest suites traders with higher risk appetite and also the less emotionally disciplined.

    One may therefore argue that this goes against the norms of natural selection, survival of the fittest sort of thing. Or it will hinder growth in trading abilities along a healthy learning curve. And there would be merit to these view points.

    At the hands of an already skillful trader nonetheless, consider what new depths it's going to bring, being adept at discovering if trade direction will undergo a major pivot, and with the security vakve of the program, able to squeeze a bit more profit from the tread. Even skillful traders, having correctly guessed the pivot area, many times get caught off the trade by just that tiny bit which wouldn't have been had their stops been a bit deeper.

  4. #4
    jgp1258
    Guest
    I've nothing constructive to add.
    Good luck!

  5. #5
    Gmaisys
    Guest
    Quote Originally Posted by ;
    I have nothing constructive to add. Good luck!
    That is a thread killer there, that one is.

    I expected for a strong participation amongst traders, a lot of whom understand how to code .

  6. #6
    jgp1258
    Guest
    I dont mean to be impolite, but I believe the matter here is much deeper than what your proposed program can solve.

    Appearance, you have blown up a couple of accounts. This suggests that either you do not know have appropriate money management, or you do not have appropriate risk management, or you do not have an edge.

    According to your initial articles. You are suggesting a mechanism which will allow you to hold your losing transactions until they become winners. In reality, a losing commerce may take weeks, years or never reach back into breakeven level. Take USDTRY for example, if you were to brief it anytime from its beginning to 2016, you will nonetheless maintain a drawdown till now. The best traders have losing trades.

    I sincerely suggest that you reevaluate the essentials of position sizing, risk management, and understanding how to take a losing trade... That is an honest effort to help...

  7. #7
    paki85
    Guest
    Surgeon:

    Dentist to Doctor. If you have blown umpteen live, real cash accounts, then you need to listen to what successful traders do. They've stated it here clearly. We trade attentively, accept a loss when it occurs, trade proper lot size. The same as others have said... money management.

    We do not put money into our account if we've screwed up over and over and above with losing transactions. That makes no sense at all. Your presumption that losing trades will gradually become winners is NOT at all correct. Take some time to learn why you're making a trade entrance and what return you expect and in what time. If a transaction does NOT behave as expected, cut it. YOU and you must know exactly what you believed the market must do that attracted you to the purpose of taking the trade. If the market acts different form expected, get out and re-assess.

    NO different from approving a patient health issue. You have some idea of the issue from what they tell you in order to order tests and you know what you expect to see with those outcomes. If the test results return different, you reassess; you do not proceed to deal with or perform operation. You merely treat ONCE you know what is happening and THEN you treat and THEN you evaluate treatment and IF effects of therapy are not what you expect, then you stop that therapy and reassess. AND in spite of all we know in ne we do lose patients. You do not continue CPR for example on somebody that has passed, there is a place where you must stop. Trading an ne are the exact same.

    I suggest if you have blown these live accounts you want to go back into demonion and hone your own skills. Take a $200 demo and expand it to $20,000, do it twice at the very least. When you have completed you will not want this app you're indiing nor will you need adding funds to some losing account on margin call.

  8. #8
    summa
    Guest
    Forex isn't a zero sum game.

  9. #9
    Gmaisys
    Guest
    Quote Originally Posted by ;
    I dont mean to be rude, but I feel the matter here is much deeper than that which your planned app can resolve. Look, you've blown up a couple of accounts. This implies that you don't know have appropriate money management, or you don't have appropriate risk management, or you don't have an edge. Based on your initial articles. You are suggesting a mechanism that will allow you to maintain your losing transactions till they become winners. In fact, a losing trade may take months, years or never reach back to breakeven level. Require USDTRY for instance, if you're...
    Everything you've mentioned here is probably very true.

    To be truthful I see now my app idea sucks.

  10. #10
    Gmaisys
    Guest
    Quote Originally Posted by ;
    Surgeon: Dentist to Doctor. If you've blown umpteen live, real cash accounts, then you have to listen to exactly what successful traders do. They've said it here obviously. We trade carefully, accept a reduction when it occurs, trade proper lot size. The same as the others have said... currency management. We do not put money into our account when we have screwed up over and over and above with losing trades. That makes no sense at all. Your presumption that all losing trades will eventually become winners is NOT at all correct. Take the time to find out...
    Yeah. I guess I was looking to preoccupy my mind instead of dwell on my debilitating declines.

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