Hello MaxTor,
Thank you for your expert analysis.
Why profit 55 usd? I see a profit of 324 usd. A trading idea was worked out that day, several times. You still do not see limit orders that have been squeezed out and not executed.
Michael
I see you had another huge losing trade on the USD / CHF. As long as you keep adding to losing positions multiple times in the same day these huge losing trades will continue to come.
2 Likes
Hello,
According to the current situation on my system “PFSignal com” (Forex):
Sorry for the terrible results I showed this month. This is a shame and I have no excuse. The most offensive is that my trading idea was true, but I wanted to get out of the drawdown of the previous year as quickly as possible. It ruined me. He took too much volume when working out a trading idea. For the EURUSD pair, I had to close all positions at 1.0960, but did not do this (on Friday February 28, 2020) then the profit for February was about + 13%, it turned out that 7.3% finally decided to leave the position, then I had to close 1.1120 but also decided to leave, then increased his shoulder on Friday (March 6) and set the stop at 1.1400. The result, you know, on March 9 was the maximum for the EURUSD pair, feet were stopping and the pair has now broken 1.0780. So it happens instead of profit, I got a loss. It’s a shame. Big shoulder killed the right trading idea. Here is my mistake, I do not deny it. It has been accumulating in me for several months already - December 2019 I had to close with a profit, but I received a loss, January 2020 should have been profit too, but I made this mistake again. It accumulated in me and resulted in such.
The positive moment of this whole story is that my system works and gives me the right signals, even in such a difficult time, but I go in incorrectly and do not correctly control the risks, low volatility reassured me. I wanted to close all my previous failures, but got even more loss due to a large leverage. It ruined me.
Much work needs to be done so that in the future this is not repeated or minimized.
Trading on the system here will continue. All subscribers will have a free subscription to my system until the curve maxima = 13 620 (September 19, 2019) are updated. Now point = 5 555.
Current results for the system “PFSignal com” (Forex) for 2020, maximum drawdown 64.7%, loss 52.7% (March 19, 2020).
https://collective2.com/details/116744132
Sorry if you can do this.
I am writing through a Google translator
1 Like
I remember you direct marketed to me in private message a few months ago and I told you no thanx I think your system is shit. Then when I asked you do you direct market to everyone you snapped on me. Intriguing. Anyway, this system will probably never get any subs again so in my opinion I’d scrap it. Good luck in the future, you got to watch those revenge trades.
1 Like
Hello ETFCapital,
My system is excellent. In this situation, shit is me. I did not behave correctly and out of the blue with the right trading idea, I got such a crappy result. It’s a shame. How could I do that?
A lot of work will be done on the mistakes (risk management and entry points) and I am sure that I will be the leader here again, but it will take time.
Thanks for the support.
Michael
3 Likes
Statistics show that systems with 80%+ win trades and ratio of average win to average loss 1:4 (before your deep dive) are doomed and fail eventually. So don’t worry, this is your trading style (it is called martingale), you were doomed.
If you will change your trading style, you might be a “leader here again” ©. If not, you will come back with another martingale system fitted to the previous market and it will be a matter of time when you make your subs significantly poorer one more time.
6 Likes
Michael,
As you know, I was not a subscriber, but I applaud (what appears to be) your honesty in the forum. I sympathize with you because I’ve lost a lot of money over a lot of years trading systems without using proper risk management (mostly undercapitalizing on my part).
From your comments, it seems to me your heart is in the right place. If so, I wish you the best of luck in the future.
2 Likes
Mathematically such systems will break even, if we exclude transaction costs ((80 x 1) - (20 x 4) = 0).
1 Like
I agree, AM5, thanks for saying this. There are a lot of confused, angry people, the situations in the world and in the market are terrifying. Not many around here haven’t been affected by losses, be they monetary, health or civil liberties, we are hurting.
It was so nice to come here and see this kindness. Thanks to all the trade leaders for hanging in there, even the ones that have stopped trading to preserve capital. It takes a lot of fortitude to keep trying, keep being available, for what are most likely upset subscribers.
I have never traded any of Michael’s systems but we have chatted a bit by private message and I have read his posts on the forum. His heart does seem to be in the right place. Truly, I hope he will be OK personally, these kinds of spectacular setbacks, in “public,” really take their toll. I hope he comes back with a killer system, good luck Michael!
3 Likes
Hello,
Thank you very much for your words of support. This strongly motivates new exploits. I will do my best to bring you more money in the future. Thanks!
Michael
These irresponsible “trade leaders” are making subscription money and whenever they have a crash the followers lose huge amounts. What’s to thank them for sticking around? It’s one thing to make regular losses which is part of a good system, it’s another thing when you are talking massive leverage just to make tiny profits per trade ( $150,000 position to make $50 in profit ) and also not using any proper stop loss. These type of systems are guaranteed to crash at some point. And the biggest losers are the followers not the system owners who can sometimes make subscription money for years before the huge bust up ( Just Forex Trades).
3 Likes
I hear you, MaxTor, didn’t mean to discount subscribers whose trade leaders are losing them money left and right. I am very lucky that the ones to whom I am subscribed limited losses, still have year-to-date gains and have stopped trading until things in the market setttle down with some degree of predictability. I should have clarified that. Thanks for pointing it out and I’m sorry if you have lost a lot, sorry for everyone for all their losses.
So many people are suffering so I apreciate any kindness I see. It’s been in short supply lately.
3 Likes
Hello,
Thank you for your kind words of support. This motivates me to new exploits.
These are my new systems here:
- “320 PFSignal com” (Forex)
https://collective2.com/details/127978207
- “320 Myfxmap com” (Currency Futures CME Group)
https://collective2.com/details/127978188
Have a good weekend.
Michael
System not even one month old and already a 17.3% drawdown, including a 14.15% drawdown on just one trade!
1 Like
That is the style of the master 
3 Likes
As a competitor I can lie to you and say hey those are some great new systems, but I would have to say in my opinion you are already finished with those kind of drawdowns right from the start. I can’t imagine anyone signing up. I’d scrap them. Back to the drawing board yet again.
2 Likes
Hello,
Thank you for your activity. Trading continues.
Michael
Hello,
March 2020 results for my systems:
- “320 PFSignal com” (Forex) + 7.4% | Max Drawdown - 17.3% | Profit for 2020 + 9.2%
https://collective2.com/details/127978207
- "320 Myfxmap com” (Currency Futures CME Group) + 6.1% | Max Drawdown - 18.7% | Profit for 2020 + 8.4%
https://collective2.com/details/127978188
- "PFSignal com” (Forex) - 45.4% | Max Drawdown - 64.7% | Loss for 2020 - 40.9%
https://collective2.com/details/116744132
Michael
Hello,
I wish you a good trading week.
Trading on my systems continues.
Michael
Hello,
This is not an easy time.
I wish you a good trading week.
Trading on my systems continues.
Michael
