DislikedHi heino...
i would like you to trade my Demo account..i will give you 25 % if thats ok with you..??... i have talked to ibfx and they can transfer the 25% demo profit to your own demo account
let me know if the propersision is ok for you
best regards LilleIgnored
Check out my resume.. I mean report... for one of my DEMO accounts... (lol)
___________________________
Simulated Trading
Account status for account D5601 for Friday, March 27, 2009 5:15:20 PM.
Cash $5,175,500.00
Open P/l $8,962.50
Close P/l $2,066,250.00
Net P/l $2,075,212.50
liq Value $5,184,462.50
Initial Day Margin $542,690.50
Day Margin Excess $4,641,772.00
largest Winner $46,875.00
largest loser $0.00
Average Winner $29,945.65
Average loser $0.00
No of Winners 69
No. of losers 0
Total of Winners $2,066,250.00
Total of losers $0.00
Close P/l Change 66.45%
Net P/l Change 66.94%
(current daily demo account percentage 26% - 54% )
____________________________________________________________
Ok seriously...
I'm opening my first real account in about a week and have a few questions. I've been following this forum closely and want to thank everyone for posting your charts, giving your opinions-I think my odds of succeeding are much higher because of it.
QUESTIONS:
Whats the average number of contracts you guys are hold for those 40-50 even a 100 pips like you do? Someone recently told me that most professional traders, even banks hold just 1 or 2 contracts at a time. I'm self taught- so I don't know whats normal. I currently scalp 8-10 pips with sets of contracts. I think I'm pretty successful with scalping but everyone cautions against it..Why?
And lastly;
Whats the average daily % of gain amongst you? Is it at least half what you could do on test accounts? I've read about 7% annual return- but hows that figured... The more money you make - the bigger the account gets- changing the leverage - snowball effect. Is it 7% of the principle or of the balance? (example: starting with 50k, i average 15k gain a day till it reaches 100k (on day 3) then i average 30-50k a day till it reaches 200k(on day 5) I can make 75k a day on that-and so on...) How do I figure out my return percentage? weekly?
Sorry for asking such basic questions- I spent 4 years trading only on test accounts- so I never needed to learn the business side of trading. Now I suddenly need to learn it all in a week!
J-