care to elaborate high risk on this trader?

JibFX signals only group

https://t.me/joinchat/AAAAAAvpHaRZQ7HCzAPOWA

checking on the trader trade history ,IMO ,he is a trader of :-

1. it appear he does not use a stop loss or uses a huge stop-loss and hence does not have a pre-defined risk before taking position;biggest drawdown at 120 pips and best profits at 50 pips.he merely wait for price to draw even if price level is against him initially or take small profits whenever he could.this method may work in less volatility and in narrower range conditions like the past several months but with high volatility and if price level continue to trend against him ,he most likely will be trap with big drawdown.
in essence ,i categorized this type of traders as refusing to take losses and this can be very risky as a couple of wrong trades may ruin his account. i observe that he simply let his losses carry forward to next couple of days whenever the price is against him and wait and hope for price to recover.

2.neither did he calibrate and calculate his risk/reward ratio before taking entries.lots and lots of small wins averaging 10 pips per trade.in the past ,many traders all over who uses no stop loss or huge stop loss for small reward will discover to their own dismay that at the very best over the long run ,they will only have small wins and if a number of trades starts to go wrong ,he will experience very high drawdowns unless he could continuously sustain high accuracy entries.

3.i dont know what analysis this trader uses,but by his trade history ,i presume he should have one or two for his entries (only) but his exits is a mystery to me. from his trade history ,he will take profit if he sees 5 ,10 or 15 pips and satisfy with it because as observed ,some of the trades have potential to earn more .

4.i have no doubt his method of trading have very high wins percentage and trading in small lots position does help on the mental side too.it appear to me he is a scalper but not a natural one as he let his losses carry over to the next day and next, till it recover.it work most of the time though.

5. it appear to me ,this trader have some experience in trading but is satisfy with small wins.it is still some win though but is it enough.

above are just my personal opinion after going through the trades history.

This post has been edited by starship1: Mar 6 2017, 08:50 PM

Is it?
Why its based on pips and based on percentage.

because that is their business model. it can be good or bad, depends on traders preference
some traders calculate their profits on pips, some on dollars

Good observation thou. For TLDR people, i can summarize it on 1) no stop loss 2) take small profits of 5-15 pips
Anyone can present to me a trader with more than 2 years account, that use tight stop-loss and still much profitable. I appreciate that.

The problem with forex online trading, wannabe traders join into forum and get taught how to lose.
This happen all the time.

it is still some wins while waiting for the real test to come.all good traders have their own methods of winning.some wins are big some wins last longer

it has been tested for 2 years. during the Brexit, during the Trump election
what we see in zulutrade is just 1% of it

the trading method you apply at Zulu ,it will be a waste during Brexit and Trump election win because if you got it right at the entries ,couple of hundred pips is there to catch and profit from .


scalpers generally dont trade during those few days before and after.

no stop loss method with small reward at small position size dont need a 2 year test period ,as long as one have some trading experience ,one can start at any point .its that simple because the market price ranges 75% of the time.some though,prefer to make money at 25% of the other time.

there are some method and strategy to win and many many more methods to lose in this market,if one have confidence to do well in his own method ,just continue doing it.

just an advise to you ,in any event ,you need to have at least a disaster stop-loss action in place unless you have a very very strong mental stop loss which is rare

zulutrade pays the trader through commission system. 0.5pip per trade.
so they will whack as many times as possibles, the more times it is, the more commission.
so the system which encourages frequent trades

goodness me.so high pressure arr

you use "stop-loss" when you loss.

the method is reverse from what normal traders doing and being taught is forex forum, since they always get taught how to lose.
have you heard of "stop-win" to prevent the winning trades become losing trades?

every forex forums i visit.. all of them talking about stop loss. When so much discussion on how to stop the loss, its better to stop trading at all

what there is a bad blood between you and Leon Yohai?

i'm just stating the commission system and how the the trader will juice the system.
are u taking offense at my statement ??

im abit lost with you since im explain to you multple times regarding the commisions
its either you still dont get it or u get it but you simply bashing it

ive been studying business model of social trading not just zulutrade, but MQL5, etoro, myfxbook
so i check my facts before im posting

there is so much to gain in social trading, you guys keep looking on things that u think is negative, and ignore the opportunities

i put this commission stuffs on a rest with Jack Ma. coz i start doing my things with Jack Ma below quote:

my trading belief is that stop loss in any manner is a form of pre-defining my risk control and management.before i enter any trades ,i want to and need to know where are my losses and profits.it is a necessity

if i dont know where my stop losses and profits are ,most likely i will not take a position

all said, if you have the confident in what you are doing and know what you are doing ,meaning to say ,the risk involved,keep going as afterall ,you have in some way prove you are some kind of a winner

http://www.trade2win.com/boards/first-step...-providers.html

taken here (and please, i'm not the other guy, but this has always been my observation about blowing up eventually)

Some people will never learn. I imagine that most people who trade would like to trade for a living. This being the case, you have to have long term success. Zulutrade is an awful vehicle in which to do so. I don't know of a single signal provider who has remained in the top 25 for any real length of time. Can anyone name one provider that hasn't crashed within 2 years? I doubt it. Zulu is like a revolving door for reckless signal providers. They have a system that seems to work for a while and they get all these members to follow them and at some point down the line, all the money you may have made over the course of months, gets wiped away in a matter of days or weeks. The provider has already made a ton of money during off of his followers during the time he was winning so what does he care if he eventually destroys your account? All he has to do is reappear under a new name and all the suckers get to lose all their cash again. The provider Kama-spot is the latest provider to ruin accounts. He had $20 MILLION in live money following him and now he's down to $2 million after a long string of terrible losses. LowestDD, Fly on The Wall, the list goes on. These are all providers who had massive money following them on zulutrade and they all eventually lost it all. There's a new up and coming trader now. I can't remember where he's ranked but he has only executed about 57 trades and he already has $2 million in live accounts following him. He'll eventually be number 1 and then he will implode the way they all do.
One commonality among all of these providers is that they don't use a stop loss. I actually don't have to go any further than this because any professional trader would never trade without a stop loss. The next thing I tend to see is that these guys don't trade the way a regular trader would trade. For example: let's say you want to go long on eur/usd. You would buy your lots, set your stop and limit and wait for the result. The providers on zulu would buy 1 lot at 7am, another lot at 7:05, another at 7:09, another at 7:12 and so on. The reason they do that is because they get paid per executed trade. If you are a follower of X provider and you take all of those trades, Zulutrade pays the provider for each one of those trades even though they are all on the same currency pair and are executed within minutes of one another.
Learn to trade yourself. It's pathetic to read the comments from some of the signal provider's followers. A lot of them are practically begging the provider to get out of losing positions. Begging the provider to trade better. Begging for updates on his positions. Don't ever put yourself in that position. Trading is about financial freedom and following providers on Zulu will not provide that.

This post has been edited by AllnGap: Mar 7 2017, 12:06 AM

im gonna put it this way:

there is a soft side in support and resistance level that called SnR zone. prices bouncing up to 10-30 pips in that zone
in that zone, there is an existence of wave.. you can apply Elliot Wave or Fibo inside the zone
at some point i open more than 3 positions in that zone. there is 3 waves in Elliot and many levels in Fibo
it will explain the scalping and enter many positions (not to earn as much commission yeah)

the stop loss is where? when support become a resistance, and resistance become support. when the price is not longer at your side

All those highlighted has been solved by this guy - https://www.zulutrade.com/trader/246268

1) 2.5 years of trading (definitely more than that outside zulu)
2) trade 2 times per week
3) 17% drawdown (that was on early stage Nov 2014)

he has the highest money following with 2.6million because he solved other peoples' complaint like 1) 2) and 3) that you highlighted

see the opportunity there?



This post has been edited by highlowyat: Mar 7 2017, 12:43 AM

lazy to argue over this......the more i dig out, the more damage gonna be done on your ego because you're relying on this thing