Category Archives: Risk

“Working As Intended”: What Bot Companies Mean vs. What Your Account Shows

After hitting a 42% drawdown with my Octane bot, I received an email from another company explaining how their “protective measures worked as intended.” Both systems did exactly what they were designed to do. Both groups of investors lost significant money anyway. Here’s what happens when sophisticated risk management still hurts like hell. Continue reading

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Thanks For The Hack

The author recounts a distressing experience of having their LinkedIn account hacked, revealing vulnerabilities in their Yahoo! account. After discovering unauthorized password changes and a compromised email, they quickly updated security measures across their financial accounts. Despite fearing further breaches and potential viruses, a Norton scan showed their system was clean. Continue reading

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What Should I Invest In, Dad?

The author, a former bot farm owner, advises against investing in bots as a primary source of retirement income, based on negative experiences. Instead, they recommend mutual funds and building up savings. They express concern for their kids’ financial future and emphasize the importance of avoiding bot investments until they have a substantial retirement fund. Continue reading

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The Gold Quandary

Gold Digger trading bot experiences volatility and caution. The bot was turned off intermittently due to Gold’s aggressive climbs, past volatility, and The Fed’s drawdown. Currently, it is back on with 0.6 lot sizes for smoother trades and less account disruption. Balancing risk is crucial for potential gains without compromising peace of mind. Continue reading

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The Fed Is On Their List

As I prepare for vacation, I’ve been considering risk management for my accounts. My Fed account operates at 1:200 leverage, higher than my other accounts. Concerned about potential volatility and risk, I inquired about raising the leverage with Ox Securities, who explained the implications and limitations, leaving me with much to ponder during my vacation. Continue reading

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Reluctant Enthusiasm

The author openly shares frustration over recent financial losses, vowing to address the situation with transparency and honesty. To mitigate further losses, they are adjusting their investment strategies and closely monitoring performance. The focus shifts towards long-term gains, with only successful investments earning promotion. The post reflects a determination to reboot and improve their financial journey. Continue reading

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Trust Your Bot, Take 2

The writer expresses mixed feelings about trusting a trading bot, comparing its current performance with a previous bot. The bot has made multiple trades and aims for a specific profit. Despite the cautious optimism, the writer acknowledges the risks and potential drawdowns associated with this form of income generation. Continue reading

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Risk Cubed

The author reflects on their past decisions in the foreign exchange market and the pressure to chase high returns. Despite some successful outcomes, they prioritize a conservative approach for predictability and sustainability. They plan to add more bots but aim to avoid risky behavior, focusing instead on achieving success through a conservative strategy.
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Not All Bots Are Created Equal

The writer expresses disappointment with the EFX Octane bot, despite its initial success in making money. Technical issues and inadequate customer support led to substantial losses, ultimately eroding trust in the product. The writer advises against purchasing the bot due to their negative experience, contrasting it with other more reliable options. Continue reading

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A Cautionary Tale

The writer initially expressed enthusiasm for a trading bot but later regretted making aggressive adjustments that led to losses. They acknowledged the need to align risk with their age and experienced a significant setback. Despite minor relief that the loss occurred in an account with a small balance, it still eroded recent gains and dipped into the principal amount. Continue reading

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