25 percent in under a week

wonder how much gambler made or ...... lost

He is busy liposucking all fat people in the world and selling their fat to McDonalds.

25% a week is child's play
try 25% a day

The guys posting in this thread are right over all. In demo I could double and account in one week.. As I increase my lot size that would basically throw my profits out the door as if 1 trade or a string of bad trades hit SL.. It's game over. Then you'll realize it's only a dream.

Now if you can win consistently, using small lots .. You'll survive longer on a live account. I can't brag about anything yet till i get back my original balance back and have only recovered 10% back of my original balance in two weeks so I'm taking my time. I suggest you give yourself at least 1 month and see how things go. In a live account you're more concerned about losing money.

Better yet start a live mini account and get on the contest at IBFX and see how you compare. ^_^

And Yet Another that Learned @ FF & will soon Leave.

OR...

Would you rather stay and milk us.....

CUL8R

---------------

this was just so funny i still burst out laughing when i read it even after a year

As a scalper myself, I have very few doubts that a 90/10 win/loss ratio can be succesfully achieved with consistency and so won't comment about your MM for now (though I personally wouldn't use more than 2% risk per trade).

However, before you attempt to go live scalping one or two pips at a time,
please be aware that not every broker will allow such extreme scalping, you can even be penalized if consistently successful at it, or start noticing delays in execution, etc.

Marketiva has some precise rules in that sense, and limits on the quantity of trades taken on a week's time span, or under a given minimum time.
Inform yourself first, so you won't get surprises.

I won't forget my first day every trading..

It started with $1000 deposit, my hand was trembling and my heart was racing.. I did a 70k contract and netted $145..

I sat up all night waiting for that one good execution, set my 'box' which i personally call it and watched TV and had my audio alerts to let me know when my barriers have been breached..

2 hours later.. I went long on gbp/usd and got 145 pips on a 100,000k contract in 25 minutes. 160% return I was jumping with joy, but stayed humble.
2 months later, i'm still doing the same thing with a 90% efficiency rate


word of advice. stick with what you do best, and don't cloud your head with too much of what you read on FF.

So a great method, but alas this young gentleman won't contribute to the party, by sharing.

You see this is a bit selfish, I agree with the other contributor here, let us all in on it, as many clever minds will often give you back more then you gave them. Have you heard of karma, it happens.

So, what of your system - its a tough call, but your basic MM is important unless you have seen the secret of the way the market thinks. You can then take it for all its worth.

I would like to start a thread where I turn $500 into $1000 in a week, its not impossible.

Suppose I have a 65% chance that every trade I take will win, then in 10 trades, I expect to have 3.5 loosers. Now all thse losers could come at once, not saying they will but it could happen.

So if I was using a 21 point stop on each trade, what in theory could be my max loss, simple 21X3.5=73.5 pips. This would be the worst that could happen, 3.5 loosing trades in a row. Now, I only want to lose a max of 10% of my capital on any one trade $50.

On all trades I want a 2:1 risk to reward basis, I won't always get it but 1:1.5 is also good.

If I did 10 trades my account should be:

3X$50 loss=-$150
7X$75 win= $525
net = $375

Looks good going at this rate I make $375 dollars in a day, keep trading a % of my account and I am super rich in a year. Except, you can forget that. As any real trader will tell you, the market will not play ball, you take what you can, and you use stops to lock in profit.

This is where experience comes in, a good trader reads the market like a book, you will move your stop up, adjust profit targets in line with price action, push your targets when possible. Trading a mechanical system is good, but trading the market, all mechanical systems will fail at some point thats where a traders skill and experience comes into play.

Now, it could be that this gentleman is a born trader, let's not assume he is not. Lets see how it plays out, my money is on him failing, not because I am negative, but because one weeks is not enough to be a winner at trading you got to deliver mostly all the time, certainly 60% of the time if you are going for small returns.

However, I hope springs eternal, lets see what he can do.

what system is this?