trader that he could turn .05 BTC into 1 BTC[/url]
0.005 btc*
It was some dust I had on a spare account, i decided to make it a challenge because why not
Ok. Fair enough correction - even more unrealistic.
True, it was unrealistic as fuck, but thats what made the challenge fun
causing him to get a considerable amount of backlash in this thread and in his other thread, because he was overpromising, underdelivering and not even coming close to achieving his BTC price prediction goals or acknowledging the various fallacies of his ways that had considerably good chances to mislead others..
Risk management allows me to be right only 33% of the time and still breakeven, in the post which you linked i had a more than 33% success rate,
Many of us more experience peeps realize that if you are playing a kind of martingale style, then it may not even matter if you have 90% success rate, if you end up losing everything in one shot somewhere down the road... The system that you were describing in that thread, and even when you talk about your system here is far from transparent and even far from any kind of assured way to make sure that you are making money..
What I was doing was originally risking 1% per trade, then if that trade was profitable (say made 2% profit), i would then risk 2% (which would say make 4%), and then risk 4% and so on, assuring i dont lose my starting money, but giving me a more realistic (albeit still hard) way to achieve my 20,000% goal
Well, maybe i forgot some of the details because I had recalled that you were using margin, and sure, if you use margin smartly, then you would be able to potentially figure out ways to be right more frequently than you are wrong and thereby increase the size of your trading portfolio, so something like what you are describing actually makes sense, if you are NOT risking large portions of your portfolio with each trade, but surely on the other hand, the amount of time to achieve your objective can take a considerable amount of time, too, especially if you are making sure that you are NOT over-betting then you are NOT likely to make as much profits on each trade, either.
even if i told you every single trade i was gonna take theres obviously going to be nuances to every different persons trading strategies, which i wouldnt be able to explain to you, such as deciding not to take a trade due to change of context
Of course, explaining your trades is difficult as fuck, but does not mean that you cannot try to do that. I don't have any problem with guys either explaining their trades are attempting to be helpful in terms of explaining the good, bad and the ugly of actual trading... and surely other members could benefit from a trader who attempts to be straight forward about his trades.
True I guess I should have attempted it, I will try to keep that in mind.
only your unrealistic expectations of yourself (to the extent that you were actually being genuine), were not realistic
My unrealistic goals werent realistic? well yeah... they werent trying to be either tho
Maybe I just have personal antipathies when the goals are neither realistic nor attempting to be realistic.
Many of us already have a undesireable tendency to gamble too much or to lean towards gambling too much, so I hardly find any appeal or valor towards members promoting the gambling side of things as either ways to get rich or ways to carry themselves in life in terms of wanting to make progress in life.
There are all kinds of vultures out there who thrive off of the greed and gambling natures that each of us have within us, and I tend to consider anyone who is trying to play on those themes or to bring out those negative attributes as a kind of vulture or a vulture wannabe. It's not a good look or a good practice.
and your timeline of expecting to achieve your goal was unrealistic
IIRC there was no time limit or set timeline for achieving the goal, i gave myself as much time as i would have needed
Perhaps the time line was more implicit rather than explicit, but if there were no time limit, then there should be no reason that the thread should not still be open.. if it were to take 1 year or 50 years to reach your goal of converting .005BTC to 1BTC. Makes little to no sense to begin such a project, and then close it after a few months, without at least wrapping up the thread and proclaiming that your goals were unrealistic or something like that.
Can you imagine working on the goal for 50 years, and posting on a regular basis, and finally announcing that you had achieved your goal? That would be respectable commitment. Not that I am trying to set high bars of achievement for you, but instead merely attempting to figure out ways that your whole project might not have come off as so damned repulsive the way that you ended up doing it.
proclaiming that you lost interest.. blah blah blah.. nonsense..
its not that i had lost interest but that i stopped updating due to unrelated circumstances in life
Due to personal and unrelated reasons i stopped this, maybe in a year or so when I have more free time I will restart it
We seem to be repeating ourselves here, and your whole way of handling the closing of the thread (and project) still seems disingenuous to me... but of course, you are free to conduct yourself in whatever way that you believe is suitable to the circumstances (including your own circumstances), and if you realize that your actions can sometimes cause other members to negatively judge you for such choices that you make.. and even to publicly proclaim such negative judgements, which seems to have been what I had done on several occasions in your thread, in this thread several months ago, and just recently. Call me a judgmental twat, if you must.