Disliked{quote} yes it states that they LOSE money but how many stay barely afloat ? that's the big of the bulk. Most traders don't have a good strategy, so it's 50/50 and they don't lose a lot so they don't fall into that "loser" category... how many makes 10% a month is what i'm interested inIgnored
When you can see crazy TEs on FF making 500% a month, I thought 33% is not too much of a greedy plan
That's an easy doubling account in 3 months plan:
- start with $1000
- double it in 3 months -> 2000
- another double in the next 3 months (6) -> 4000
- 8000 after 9 months form the beginning;
- 16K after 12 months (that makes it 1600% per year)
- 32K after 15 moths;
- 64K after 18 months;
- 128K/21m ...256K/24m ...512K/27m ...1 million in 30 months, easy! Ta-daaa!
All you have to do is to make 33% every month and you're a millionaire in 30 months. ...sounds reasonable, huh?
But I was forcing my strategy and that greedy take got me at margin call in 3 months.
Then I lowed to +25%, got me in the same place ...now is working for 2 years undisturbed (no Black Swan) but I have never asked it for more than 15% per month... I guess we'll fkn see about it...
So you're interested in people who can make 10% per month? There!
But how do you think that can really help you? And how is that relevant without the Long Run factor?!?
................................
The trouble is the Time and the Black Swans (unexpected, untypically events for your strategy which can bust your ass right quick)
The solution is to accept small growth rate on short term in order to compensate the occasional drawdowns so you may have a slow but solid growth on the long run.
(low the growth rate on short term -> low the recurrent risk -> low but solid growth on the long run)
Member
1