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But there is a "trading plan" See the GBPJPY orders opened 3 months ago and he keeps those opened regardless of the accumulated loss they generated so far (judging from the order sizes it is some kind of a martingale system). So the trading plan is : "It will come my way sooner or later".
Yes there are a lot on there using some sort of robot. Manually you just wouldn't keep opening trades like that. And it will come round sooner or later is just trading on hope, he's hoping it will come round, that's not trading. Having blown 2 accounts with the same system you would of thought he'd learnt. Doing the same thing over and over and expecting different results is madness.
Yeap, the example you provided is educational in many ways :
I just hope that among the followers there will be no actual casualties and that they are all just game playing kids, but somehow I don't think that it is the case and frankly I do not know should I feel sorry for people losing something when they have all the necessary facts for a reasonable decision laid out in front of them like in this case and a lot of similar cases.
Yes there are a lot on there using some sort of robot. Manually you just wouldn't keep opening trades like that. And it will come round sooner or later is just trading on hope, he's hoping it will come round, that's not trading. Having blown 2 accounts with the same system you would of thought he'd learnt. Doing the same thing over and over and expecting different results is madness.
please excuse my bad grammar below
think i might be P.C. Dyslexic
thanks all you for the advices....No better place to find proper info.
Demo accounts are useless try with $10 on micro. much more fun and exp!!!
Also expecting a different out come from the same strategy is madness, this is a good example. After blowing over 100k on probably the same EA this account is and will definitely go the same way.
https://www.fxcopy.com/profile/DonLazlo/A/trades
If you don't set up the stop S/L for your positions you can lose all your money if the market turns against you. Once you lose all of your money you can not recover, you must take the loses.