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Author Topic: What makes a good forex manager/managed account?  (Read 1392 times)

Offline user456

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Re: What makes a good forex manager/managed account?
« Reply #30 on: July 05, 2019, 07:14:08 AM »
yada yada yada ... you really have a talent to write endless meaningless stories. Maybe you should switch your business to printing and selling motivation cards? You promised to have a fixed drawdown schedule of 12% and the very next day you manage to build up a drawdown of around 30% again?! I mean that's just beyond what even I would have imagined. Maybe trading just isn't for you if you lack the emotional stability, that's fine. It's even fine if you decide to lose your own assets by trading like a reckless cowboy but it's definitely not okay to manage other peoples money the way you do!

Offline outsidetheboxhk

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Re: What makes a good forex manager/managed account?
« Reply #31 on: July 05, 2019, 08:30:46 AM »
Go back and read the first 50 posts I wrote.
They weren't meaningless.
I took heaps and heaps of time caring to learn and teach well.
Maybe you should accept that if this is your opinion -fine - quit and go find someone else to trade with.  Not a problem.
And let me and those clients who want to be a part of the recovery effort do it with all our might and positivity.

I am fixing the slight faults in the manually traded system I had been running with great results for 2.5 years. 
Yes people lost a lot of money, but did they take profits off the table like I advised and like I did myself?  This is one of the fail safes in trading.  Use proper risk, and remain invested so that I can continue doing what I have done for 2.5 years -- learn from my mistakes, improve this manually traded strategy little by little, gradually.  But instead many people get down in the tough times and reduce risk and take money out instead of learning over the history of this strategy -- that big DD is EXACTLY the right time to ADD to your investment (or put profits that you had saved back in) NOT cut.
Wouldn't you rather recuperate the losses over 9 months or so instead of quit?
The risks I am taking right now with the recovery are calculated and DD is about 10% right now.
The new cutoff of 12% as well as the new "matrix" of 5 levels of risk instead of just 3 and different take profit levels on each of those 5 accounts -- will address weaknesses in the previous system -- this system is currently being set up and I will explain it over the next 2 weeks and it will be ready soon.
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Offline Penumbra

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Re: What makes a good forex manager/managed account?
« Reply #32 on: July 05, 2019, 09:06:33 AM »
This thread is about good managers. Please stick to the topic.

Especially as Im allergic to mawkishness.

Offline Penumbra

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Re: What makes a good forex manager/managed account?
« Reply #33 on: July 12, 2019, 02:22:49 PM »
Maybe Im wrong, but Id look for a manager, where I can increase my stake over time and are not forced to take profits. Why should I, when I have an excellent manager?

Offline SJWkiller

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Re: What makes a good forex manager/managed account?
« Reply #34 on: July 12, 2019, 03:05:32 PM »
Maybe Im wrong, but Id look for a manager, where I can increase my stake over time and are not forced to take profits. Why should I, when I have an excellent manager?


Any trader who tells you to withdraw the profits along the way to be safe(r) knows deep down that his strategy is unsustainable. Thats all you need to know about the system and how bad it is if even the trader doesnt trust it.

Online compujock

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Re: What makes a good forex manager/managed account?
« Reply #35 on: July 12, 2019, 07:14:33 PM »
Maybe Im wrong, but Id look for a manager, where I can increase my stake over time and are not forced to take profits. Why should I, when I have an excellent manager?

Any trader who tells you to withdraw the profits along the way to be safe(r) knows deep down that his strategy is unsustainable. Thats all you need to know about the system and how bad it is if even the trader doesnt trust it.

Exellent points!   I really wish people would get this, but it seems this thing called greed still gets people in these things.   :(

Offline BonusCashFX

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Re: What makes a good forex manager/managed account?
« Reply #36 on: July 27, 2019, 07:39:39 PM »
Any trader who tells you to withdraw the profits along the way to be safe(r) knows deep down that his strategy is unsustainable. Thats all you need to know about the system and how bad it is if even the trader doesnt trust it.


Hmmmm.... I 'kinda' agree but I dont think anyone's wrong for banking profits though. I've been away from FX for a while and came back with a diff perspective and I can tell you when I started 'locking-in' profits with my trades, going to BE, etc. (basically not letting profits turns into losses) my results improved by a factor and when I'm scanning my open trades and see them in a variety of Trailing Profit and/or BE level it sure feels good. So I dont have a problem with anyone taking money off the table so it wont be at risk and if you can build that 'safe' fund into the original principle amount so much the better.
« Last Edit: July 27, 2019, 10:24:15 PM by BonusCashFX »

 

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