What Would It Take: $3,000 to $40 Million in FX

K, I forgot this was just a title search thread.
I already chose the first title. It's very functional and we are waiting for functions to present themselves here. So it makes sense.

What? Already? We are on page 5? We have even barely begun. I mean he has even barely begun.
Oh, too optimistic. He hasn't begun.
Damn boredom!

Trolls will be ignored here and banned on the channel. I've actually changed my mind about banning people on the channel. Trolls don't trade. They Troll. So, they have no purpose inside an environment allegedly designed for trading. They are not Traders. They never were and they never will be. They rack up huge post numbers on a forum, however. They are expert at racking up massive numbers of posts.

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To the rest:

Just googled "Trading Live Stream Websites" and "Trading Live Stream Platforms" - hoping to find something other than YouTube that was purpose built and dedicated to hosting Traders who simply want to live stream their work. Found a lot of Marketing for all kinds of things Trading related.

So, it seems as if there indeed might be reasons for skepticism about the possibility of being sold something after all. There is a literal ton of that going on already, which is probably what some of you are used to encountering. So, I'll take care of that by asking viewers to read the "Mission Statement" inside the video description area. There ai will place the Mission, Purpose, Function and Rules of the Channel. That should take care of any Sales Theories going forward.

Glad I googled for a dedicated platform. Found Twitch, but it seems "Game" oriented and the video resolution seem a bit off. YouTube (unfortunately) Live Stream seems the most matured service, intuitive to use and supportive of 4K for streaming (depending on your rig). So, it looks like its YouTube or bust, unless somebody here can think of a better platform for streaming.

Got OBS installed and now working through getting it configured. Going to try running on my local box first, see what the delivery resolution looks like from a different machine connected to the internet and then I'll try setting it up once again on one of the virtual machines running on my VM Network where the MT4 instances run to see if the resolution/speed/continuity is any better from a box somewhere on the internet.

I also trade from two 50" screens. That means getting OBS to see both fluidly without me having to select or click on anything anytime I need to move fluidly from one screen to the other. I'm hoping there is an OBS configuration or setting I can use to make that work smoothly - I don't have time to extra mouse work while trying to keep up with trades simultaneous just so things get captured on the viewer's end. So, I'm still testing and setting up all of those things as well.

Lastly, will be opening an account somewhere - I still have to get that done and out of the way, which should not be much of an issue. After that, I'll run my own Cafe Test from a coffee shop somewhere remote, make sure everything streams smoothly and then get down to business once I confirm that it does.

So, it should be a few more days before I get going. The biggest issue right at the moment seems to be OBS itself and where best to run it. I have noticed some streams out there that are glitchy, clunky, stuttering and slow when I attempt to view them from my local machine. I'm pretty sure that is not caused by my internet connection which is now Gigabit based. So, it must either be YouTube, the streaming software the streamer is using on their end or the streamers hardware rig or network speed. I'll make sure those issues are not a problem on my end.

If you connect and the video stream is glitchy, clunky or slow on your end - let me know and then double check your own rig and its network connection speed as that (more than likely) will be where the problem resides. Either that or YouTube itself will be having problems of its own in such a case.

I'll keep you posted here as to my progress. Other than that, I'm done here at FF. Just kind of tired of the nonsense. A live stream takes out the middle man professional Trolls and focuses on real-time live trading, which is really what its all about anyway. It will be a great thing not having to type anymore - a huge benefit.

Unrealistic expectations are dangerous

50" 4 K screens, I use 34"s. We are definitely on the same page here Jet.
Talking about people who don´t believe the challenge is possible.
These guys average between 10 and 20 % monthly. They are commercial, but trade live, every day, and members can follow and double-check their last years' true performance, including 2 losing months in the same period of time.

https://www.daytradingforexlive.com/day-trading-forex-education-course/

20% a month, starting with 1000, makes it to 40 million, in less than 5 years.
I mean 1000 bucks, the price of a car repair? I just got a repair estimate for one of my trucks, 3000 Euros.

How anyone in their right mind, can listen to you, is unbelievable, you are actually joking, arn’t you??

How anyone in THEIR RIGHT MIND can write "in the right mine" is beyond me.

Modified, for your eyes!

Hi JetTrader,

Have been looking at you threads started & find 5 & 7 on the list very compelling, but what I find sad with both is the fact that you stopped. Now the Blank Space thread was just getting interesting when you stopped again because of a few Nay Sayers & distractors. Ignore those & recontinue the Blank Space thread as it is the one that can & will help most new traders. Put those negatives on your ignore list & continue my friend. You were just beginning to turn on the theater lights for those trying to learn. Hey just my views & nothing more.
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No it is call "you as a client are not important."

That's not good to hear. Thanks.

I appreciate the insight on your part, Ace!

However, places like FF are not conducive to actually breaking through to the other side of Trading. Unfortunately, the FF administrators are bought and sold to Bucket Shop Market Makers and highly un-incentivized to be ethical, fair and honest in the way they monitor and sanction forum members. Its like a Private Club that's open to the public and as long as you lose or contribute to the act of losing to Bucket Shops, management here remains happy and they will coddle those who continue the losing atmosphere on FF. I'm not surprised by any of this, as I was a ForexFactory member during the very second week of its existence years ago. So, I've seen the changes taking place here in close and personal. I know what the deal is here. I know what's going on. I know the score here.

I'm going "off-shore" and leaving FF permanently and will try my level best to maintain a live stream channel somewhere. I'm still testing out many different options, set-ups and ideas for live streaming my trades. I'm a Trader. So, I Trade. That's my Job. My business requires that I manage its capital through trading FX. I don't guru, market, sell, train, mentor (anymore, though I did for several years a long time ago) or direct people to specific retail bucket shops. It is my belief that Traders should Trade. They should not be in the business of selling T-Shirts, selling Coffee Mugs, selling $1 Chat Rooms, monetizing a YouTube channel and then selling EAs, Indicators or Trading Systems. My feeling is that Traders should Trade.

There is no other business model in the world that I can think of which can be Scaled like the Financial Markets. None. Flat out. You can go buy a McDonald's franchise, head over to MD University and they will tell you specifically which year you will get your $1,000,000 back and begin making a profit. That's a great business model and it works for a good reason. So, people, do it because it works. However, the only way possible to Scale that business and get more bang out of your Cost Basis, is to literally go establish another franchise on another street corner. And, this is exactly what some business owners do. They have to build-out a base of operating franchises in order to increase Revenues and Grow their working Capital. In the Financial Markets, you can Scale up far more efficiency and not increase risk doing it.

So, I honestly don't know why so-called "Traders" feel the need to "augment" their trading profits by selling other stuff. It just makes no sense to me. My focus is on Growing Capital by growing Account Balances and increasing Size when it is appropriate to do so. That's what you will find on my stream. I don't have time for anything else.

As far as this forum in particular is concerned, after having just summarily corrected the Developer who collaborated in my Trading System Development Project recently, I'm pretty much done here - other than responding to posts in this thread and providing updates on my progress in getting my streaming channel set-up the way I want it. I've long since outgrown FF. I don't need it. Don't need the hassles and don't need to be constantly reminded of how shitty some people can be. Just don't need it. I need to remain in a positive frame of mind and most Forums are simply not designed to support that. You have to do that on your own. I used to come here to support the New Guys and Gals. But, I think it best for me to no longer spend my time doing that anymore. This is simply not the proper format for New Traders to learn anything of value in a focused and sustained way.

So, thanks for the intuitive post and I'll keep things updated in this thread as I work to get everything squared the way I want it for the live stream.

Good Trades to you!

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Progress Update 1:

OBS Studio is now installed and runs nicely. I'm still learning how to configure it to optimize the streaming as it would be experienced on your box. Still getting up to speed on that. OBS Studio showing Revenue Model:



For those that are familiar, you know I trade using a Revenue Model. I started out using a Revenue Model for trading once I learned how to BE consistently. Every since then, I have always approached trading from a Revenue Model frame of reference and even began integrating my various Trading Systems directly into the RM itself. The RM is a "Perfect" model for growth based on expected trading performance. That simply means that the RM is "tuned" (so to speak) to be in alignment with trading performance, itself a function of Trading System performance. This makes the RM's projections anchored in reality, instead of simply projections that have no basis or attachment to actual experienced trading performance. Of course, the Model is "Perfect" and I never will be, so any failures in trading are accounting for ahead of time in the model itself - a natural function of the way I designed it.

One of the things on my getting started check list, is to edit the RM so that it projects accurately using non-USD based pairs. I built this particular RM using USD based pairs only. Things have changed. The EURUSD in particular has lost its Magnitude and that has dragged some of the pairs I used to trade down with it - in terms of the kind of Magnitude I need to do my style of trading.

So, I'm now trading a lot of bigger moving GBP based pairs (exotics) that do not have USD as either the base or counter. Ergo, I need to re-rig this model for the conversions necessary, so the model makes the correct projections for Cost Basis, Total Lots Traded, etc.. I'll get that done fairly soon. However, this shows relative rate of growth of capital over X number of trades (seen in the far left column starting at "1").

In this RM (uncorrected for non-standard USD pairs), trade #1 produces $112.50 and trade #30 produces $316.50:




Trade #253 to #284:




After I finish editing this model for non-standard USD pairs, changing some of its functionality and the way it outputs certain data such as the Notional Value column, it will be ready for my use.

One might also note the "Max Draw Until Margin Call" column in this RM. That value remains consistent throughout the Model. With this calculation it remains consistent at 199-200 pips. This is basically what I call a 200 Pip Risk Model and it functions exactly the way it reads. I've got to get every single trade done with a 200 pip margin of error - or I get margin called. This is because I don't define "Risk" using conventional methods. The primary reason is that I don't have to and I can grow capital faster than conventional wisdom would suggest as a result.

A few things I will not be doing:

A) Discussing how much money I have (completely off limits and inappropriate)
B) Mentoring (just don't do that anymore)
C) Coaching (too much energy involved)
D) Teaching or Instructing (just don't have the quality time necessary)
E) Selling or Marketing (never have - traders trade - they don't sell)
F) Giving advice on trades I'm not engaged in (just don't have the bandwidth)
G) Being a Personal Guru (A Trader must become their own personal Guru - I have no capacity to be any Trader's Guru and no interest in being a Guru)

Rules of the YouTube Live Stream:

A) None (you can knock yourselves out chatting and discussing whatever you want)
B) No one will be banned (your actions will speak volumes to others -- I don't have to ban you - if you are a Troll, intelligent people will know)

That's all I have for the first progress report.

Trade well and prosper.

Nice job JT, lots of details.

Looking forward to the streaming session.

Sorry, forgot to explain how I use the RM. It is fairly simple.

For any #Trade, I will execute the designated CB (Cost Basis) which is a function of its TLT (Total Lots Traded). If at the end of my workday, if sum of Profit + Trade Costs (as seen in my trade example below for GBPJPY) is greater than or equal to the Revenue Model's NR (Net Revenue) for the current #Trade (row), then I will advance to the next row's TLT (Total Lots Traded) on the next #Trade. This keeps me "On Model."

However, if Profit + Trade Costs is < NR for current #Trade at the end of my workday, I will keep the next #Trade's TLT at level. That means, I'll continue using that TLT until Profit + Trade Costs becomes > NR during the course of any future #Trade. Ideally, that would be the current (real-time) #Trade. Again, this keep me "On Model" and on purpose.

So, the Model acts as a structured guide to what I should be doing with sizing and that directs capital growth. The rest relies on actual trade performance. If any questions come up about how or why I use the Revenue Model in my trading, I will refer back here to these two posts. You may see me switching between the RM and MetaTrader from time to time and I (of course) won't have time to chat on YouTube about what I'm doing or why I'm doing it.

A "Workday" for me is simply defined as the period in which I'm at my machine engaged in Trading. I can start my "workday" anywhere between 4am and 7am pacific time. My "workday" could be over in a matter of seconds, to minutes or it could extend for a few hours. Sometimes, depending on when I hit the day's NR (Net Revenue), if it is early enough in the workday, I may extend my trading hours to move ahead of the Revenue Model's projections for a single workday. I don't consider that "making extra money." I simply consider any extra Revenue for the day, as an advance on the Model itself. That means, I'm shrinking Time. The Model is Time based, net trade Interval based.

I do not see nor do I work with "money" in my business. I don't relate to "money" or use "money" when I trade. Money carries a particular emotional and psychological attachment that I don't have when I operate my business. I use Capital and I simply try to put Capital to work in my business. Therefore, I view Capital as a kind of Inventory, to be put on the "street" (metaphor) for the purpose of growing it.

When Capital "returns" (metaphor) from the "street" (metaphor) it should return having Grown by a certain proportion. That proportion is defined by the Model, the Model is defined by the System and the System is defined by its Performance. This is how I view what some would call "Money" in my business except I do not maintain emotional or psychological attachment to it and I view it as Capital to be put to work for the sole purpose of Growth.

This is not your typical Retail Trader's approach to trading and capital management, so don't expect most Retail Traders to understand how or why this works. With my level of trading, if I don't take a very controlled approach to capital management, I could end up in serious trouble fast. So, my trading performance has to be maintained and my capital management has to be on autopilot via the RM, or I would be doing absolutely nothing but spinning my wheels, wishing and hoping to someday reach the point where I could Grow Capital Mechanically, Reliably and Consistently. The RM helps me manage that part of my Business.

That's it for me on Revenue Models, Capital and how I use/view both. Again, any questions about this later will be redirected here for your information.

I think this is the first time I have quoted myself.

wisest words spoken on here yet...........

Thanks Bluesteele.

Just to illustrate the gravity of the task that JT has ahead of him, I decided to make a graph of the journey.

Firstly, I calculated that he will need to double the original 3K investment 13333.33 times to reach his goal.
I wasn't about to fill in that many cells with 3k to get a graph.

An alternative was to double the investment and then double the sum and so on. That took only less than 15 sessions of such doubling feat. Each session could be a few moments or last as long as an eternity. Only JT's skills are going to define the real length of each segment.

The first option's graph would pretty much look like this one anyway except with a lot more points along the graph.

I love to see something like this happen in real. Please do it.

I am more interested in the risk exposure for his attempt.

Large returns normally comes on the back of equally large risk exposure. Anyone can gamble his way to a astronomically high short term returns. But to achieve high returns with reasonable risk exposure for this sustained exponential growth rate must only mean he must be a highly skilled trader riding on consistent precision trading unseen before. Lets see.

I sometimes fantasize like that but to get me in the mood. I need a few drinks, smokes and a wild imagination.
It's nice to see people exist that can do this in real.