1000% a month! WTF? - Page 2
Page 2 of 613 FirstFirst 123 LastLast
Results 11 to 20 of 23

Thread: 1000% a month! WTF?

  1. #11
    Quote Originally Posted by ;
    10% a month is really optimistic.
    I wouldn't believe so to be fair.

    It all depends on ones methods.
    Taking per month as 5 months
    2% a week? . Easily done . .

    Nothing wrong with optimistic. Merely another factor to drive you.

  2. #12
    Quote Originally Posted by ;
    10% a month is pretty optimistic.
    Agree with you.

    ___________________________________

    So why is 10% each month optimistic?

    Newbies Concentrate on returns. Experts focus on managing risk.

    Consistency is Essential. And market conditions can change over time. I'm reminded of the famous Keynes quote: the markets can stay irrational longer than a trader can stay solvent.

    When I started in Currency Market, I was likewise quite optimistic, hence I don't wish to sound too negative. But to anybody who's serious about adopting a professional approach, and feels ready for a dose of realism, here are 3 posts by experts that IMO are a must read:

    https://www.nigeriaforextrading.com/...s-signals.html
    https://www.nigeriaforextrading.com/...are-pairs.html
    https://www.nigeriaforextrading.com/...ades-week.html

  3. #13
    Quote Originally Posted by ;
    That really is the person thats leading the myfxbook competition right now, no martingale, simply bet big and be correct, same with almost any kind of gambling

    http://www.myfxbook.com/members/sara...st-saraa/87218
    That system has made a mere 13 trades. It currently has a profit factor of 286.15

    I have posted this several times before, but IMO it bears mentioning: billionaire trader http://en.wikipedia.org/wiki/Paul_Tudor_Jones seemingly once said he could count on the fingers of one hand, the number of traders he has met that happen to be in a position to keep up a profit factor of 2.0 over their entire livelihood.

    Re automated systems, if I can find one that has a PF gt; 1.4 after having a minimum of 2,000 trades spread over several years of changing markets, then, I'd be quite interested.

  4. #14
    Quote Originally Posted by ;
    I have seen contest results where folks are making 1000% - 80000 percent a month! WTF? HOW are they doing this? Is it true that the market even proceed?
    Yes, there are thousands of financial instruments that may be traded.

    You should have a look in to how long they can preserve theyre stats. Someone hwo made 1000% in an hour signifies nothing in any way, dont trade real money till you understand how that works.

    Consider maximum loss, moderate profit over long periods of time.

    If you got a 10% probability of loosing all of it, a 20% profit isn't anything. If you've got a 25% risk of loosing it a 50% profit isn't anything. If you've got a 50% probability of loosing it all a 100 percent profit isn't anything. I really mean NOTHING, by a perspective of probability theory and game theory its not worth it, you might too play videogames. I would say a 50% chance of loosing it all isnt worth a 150% profit, I wouldnt bother at the very least. So if 50 dudes dropped it five of them obtained a 1000% profit that means little. Of course price isnt determined by probabilities, its determined by orders, their dimensions and timing. The likelihood of any event is either 1 or 0, it will either occur or not occur. Probability similar to this is an estimation based on a really limited amount of data. Im using it because im demoning a simplified point, one I think is important and with time I think you may appreciate what I mean.

    If a person can maintain say a 5% profit on total capital every day, no withdrawals, this person would collect ALL the wealth in the world in a couple of years.

    Nobody can find out how to trade by reading an internet forum, id state that might be 10% of it so you need to do a lot more.

    I hope I gave you a few things to consider.

  5. #15
    I have such a method. 1,860 transactions within 12 years... 19,900 pips with a maximum drawdown of 1,100 pips.... These numbers including a 2 pip spread.

    PM me with your own objectives, David. Tell me what you mean when you say I'd be very interested

    No usage of candlestick patterns (price action), MAs, or fibonacci numbers. Everything is based on pure momentum coming from support and resistance.... Using Donchian Channel breakouts. No tops and bottoms of trends are forecast, thus much of big trends are often captured with no loss on the stop and reversal.

    Quote Originally Posted by ;
    Re automated systems, if I could find one that has a PF gt; 1.4 following having a minimum of 2,000 transactions spread over many years of changing markets, then yes, I'd be very interested.

  6. #16
    Quote Originally Posted by ;
    I've such a system. 1,860 trades over 12 years... 19,900 pips with a maximum drawdown of 1,100 pips.... These amounts including a 2 pip spread.
    Your talking about an optimized, curve fit backtest, not trading background right?

  7. #17
    Optimized through 2009.... Then forward from 2010.

  8. #18
    There are some experts that work for banks and will make that amounts, but they're very rare.

  9. #19
    Its competition . . Everybody are risking all of their equity . . It is extreme difference between trading with real account and with competition account . . When I began I made of 20$ 863$ in 3 days . . Only I had just several dollars, so I exchanged in . . But when you trade with account bigger than 10 000$ you cant risk such so

  10. #20
    With the combination of some skill, experience and luck, it is possible. You need very high leverage broker though, if you're in the united states, it is more challenging due to the very low leverage and margin regulations.
    Is this way of trading (I must say betting) advisable? It is different. You can play small money and proceed va banque and maintain compounding until a degree whenever you're no longer familiar with betting the money on your account. Once you pass the comfortable level, many different factors come into play like plogical pressure, which will affect your decision making and make you make mistakes and detract from your plan and finally lose.
    So if you're betting, do it using little amount and do. In case you lose, you lose but if you're lucky, it may pay off big.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.