Hey All,
I must say that I have spoken before looking. In other words, I did not complete my research before posting on my site. After reading Chris-mons, post, I went back into the Zulutrade site and noticed that the trades that LowestDD took all came back into Winners..I exited those trades in losses when I could not emotionally handle the DD. If I had stayed into the trades and emotionally handled the DD, the trades that I took with LowestDD would have been winners..So, What is the solution to the emotions of DD. In reference to lowestDD, my account could have weathered the DD. As always, thanks for listening and all help would be appreciated.
JimmyB
Saturday, October 24, 2009
Friday, October 23, 2009
Trade Results week ending of 10-23-2009
Well Good evening all,
I really took a bad hit this week on Zulutrade. I was so excited from the first week and this week really, really let me down. First off, I definitely know that providers will have bad days or weeks or losses. I just didn't think they would have losses that bad. I had the Provider, Sophistication, FX Trends and LowestDD. During that oversold area during the middle of the week, they took Sell Trades and I lost big time. I could not figure out why they made sell trades during that period. I saw no real big retracements during the times it was going up. It is my fault, I should not have allowed those trades. However, I lost a total of -454 Pips between the three of them. On another note, I disabled the three people above and found a provider named profit#1. I observed his stats and like what I see. I tried to get into some trades but on the History, it would not take some of the trades, I had to call customer service three times, I think got it right. By the time I called the last time, the market was closed. Thanks for viewing my thread and Have a great weekend.
Jimmy
I really took a bad hit this week on Zulutrade. I was so excited from the first week and this week really, really let me down. First off, I definitely know that providers will have bad days or weeks or losses. I just didn't think they would have losses that bad. I had the Provider, Sophistication, FX Trends and LowestDD. During that oversold area during the middle of the week, they took Sell Trades and I lost big time. I could not figure out why they made sell trades during that period. I saw no real big retracements during the times it was going up. It is my fault, I should not have allowed those trades. However, I lost a total of -454 Pips between the three of them. On another note, I disabled the three people above and found a provider named profit#1. I observed his stats and like what I see. I tried to get into some trades but on the History, it would not take some of the trades, I had to call customer service three times, I think got it right. By the time I called the last time, the market was closed. Thanks for viewing my thread and Have a great weekend.
Jimmy
Sunday, October 18, 2009
My Weekly Update of Zulutrade.com ending 10-17-09
Hello My friends,
I wish to start off thanking Chris (tcxmon) for his help. We have been communicating by email and he will be joining us in some of the Million Dollar Trading Rooms on Gotomeeting.com. I hope he can help us on the Zulutrade.com site. I read his blogs daily and he seems to me that he knows about Zulu. We have a bunch of traders in the room who are interested in Zulutrade.com. Hopefully he can help us. I will ask other Zulutraders, Providers to come into the room and give an explanation of their systems...
In reference to my account with Zulutrade.com, I opened an account with FXDD. I opened a small account of $ 500.00 bucks. I'm not worried about this small amount, I am taking trades with Zulu very conservative. I am only allowing two open lots at one time and only allowing 1 trade per provider. I hope this is the right thing to do. I have read some other blogs of traders on Zulu who allows multiple lots on each provider. I believe the less providers you have, the better off you are.
My account as of 10-17-09:
I opened trades with a provider LowestDD: I opened the account to trading on 10-16-09 LOL. I had two trades with Micro lots of 0.01. I noticed that on my statement in Zulutrade, it stated only 1 pip earned but I had 1.00 in profit. The second trade stated 1 pip profit. I called the customer service and they told me under Micro account, it will only read like 1 pip is equal to 10 pips. So therefore at .10 cents a pip and I made $ 1.00, that is is 10 pips. LowestDD opened a final trade on late friday and it was -32 pips in the hole. I did notice that on the close of the market, the Zulutrade statement stated that no positions were open. But, when I received my broker statement for the week, I observed the open trade of -32 pips. So you have to watch that. Im new at Zulutrade and dont know all of the ends on outs so to speak. Also, one thing I have learned is that you can set your provider to show trades in 3, 7, week periods. So when I turn on the platform on Zulu, I look at the 3 day period to see how my picks are doing..Something I like to do...I have attached LowestDD's 3 day statement below:
In reference to Sophistication(Provider), I entered his name late and did not get in on any trades..He had a Hell of a week. I did not load any pics on this provider..
My trades:
19 pips total @ 0.01 = 1.90
-32 @ 0.01= 3.20
Loss of -1.30
See you Sunday night in the Million Dollar Trading Room
Jimmy B.
I wish to start off thanking Chris (tcxmon) for his help. We have been communicating by email and he will be joining us in some of the Million Dollar Trading Rooms on Gotomeeting.com. I hope he can help us on the Zulutrade.com site. I read his blogs daily and he seems to me that he knows about Zulu. We have a bunch of traders in the room who are interested in Zulutrade.com. Hopefully he can help us. I will ask other Zulutraders, Providers to come into the room and give an explanation of their systems...
In reference to my account with Zulutrade.com, I opened an account with FXDD. I opened a small account of $ 500.00 bucks. I'm not worried about this small amount, I am taking trades with Zulu very conservative. I am only allowing two open lots at one time and only allowing 1 trade per provider. I hope this is the right thing to do. I have read some other blogs of traders on Zulu who allows multiple lots on each provider. I believe the less providers you have, the better off you are.
My account as of 10-17-09:
I opened trades with a provider LowestDD: I opened the account to trading on 10-16-09 LOL. I had two trades with Micro lots of 0.01. I noticed that on my statement in Zulutrade, it stated only 1 pip earned but I had 1.00 in profit. The second trade stated 1 pip profit. I called the customer service and they told me under Micro account, it will only read like 1 pip is equal to 10 pips. So therefore at .10 cents a pip and I made $ 1.00, that is is 10 pips. LowestDD opened a final trade on late friday and it was -32 pips in the hole. I did notice that on the close of the market, the Zulutrade statement stated that no positions were open. But, when I received my broker statement for the week, I observed the open trade of -32 pips. So you have to watch that. Im new at Zulutrade and dont know all of the ends on outs so to speak. Also, one thing I have learned is that you can set your provider to show trades in 3, 7, week periods. So when I turn on the platform on Zulu, I look at the 3 day period to see how my picks are doing..Something I like to do...I have attached LowestDD's 3 day statement below:
In reference to Sophistication(Provider), I entered his name late and did not get in on any trades..He had a Hell of a week. I did not load any pics on this provider..
My trades:
19 pips total @ 0.01 = 1.90
-32 @ 0.01= 3.20
Loss of -1.30
See you Sunday night in the Million Dollar Trading Room
Jimmy B.
Subscribe to:
Posts (Atom)
