Dear 4X Following Fans and Friends:
This morning I was viewing a website I frequent that places signals of rather high quality on the Daily, Weekly and Monthly charts and I noticed a long trade on the monthly chart of the USDJPY pair from 3/31 at 106.05 and it has not issued an exit signal yet and the pair is trading at 117.79 as I write this. That’s a gain of 1,174 pips in 8 months on that trade. This is not a “spectacular” winner by 4X standards, but it is a good solid winning position trade. According to my erstwhile broker, the pip in the USDJPY pair right now is worth $8.49, so the paper profit on this trade is $9,967.26 on one standard lot and $99,672.60 on 10. At the “default” leverage of 100-1, it costs $1,000 to open a one standard lot trade and $10,000 to open a 10 standard lot trade. The Return on Investment (ROI) of this trade is 997% on your money in 8 months. If you were willing to trade at 50-1 leverage instead and put up $2,000 to open the one standard lot trade or $20,000 to open the 10 standard lot trade, the ROI would be “only” 498.5% on your money BUT you would have been paid the interest on holding the position every day like clockwork instead of paying it out and that would have added substantially to your profit. On the other hand, if you were willing to pay the interest every day and wanted to trade at higher leverage, you could find brokers who would permit you to open positions at 400-1 leverage and you could have gotten that one standard lot position open for $250 and the 10 lots for $2,500. In that case, your ROI would have been a modest 3,987% on your money in 8 months.
The money to be made in this market simply staggers the imagination. No other market on earth touches it with a ten foot pole!
If someone came up to you on the street and told you he knew of a way you could take $250 and turn it into almost $10,000 in 8 months, you would be tempted to call the bunko squad and turn the con-man in, would you not? But you can do it in this market. Routinely.
This same website signaled a short on the monthly chart of the EURUSD pair at 2731 on 5/31 and is still holding the position, and, as I write, this pair is trading at 1812. This is a gain of 919 pips in six months or $9,190 on one standard lot and $91,900 on 10.
The point is not that this method or that method isolated these extraordinary winners. As Fijitrader pointed out elsewhere, there are far more successful systems and methods than there are successful traders. And there’s a darn good reason for that. The point is that these extraordinary winners are all over the place.
Do you really realize where we are? We are not really in a “market.” We’re in a gold mine.
Our “job,” if you will, is to keep our feet on the ground, our heads on straight and to mine this thing safely, systematically and competently.
The money is there to be made and if we do not make it, we have no one to blame for it but ourselves.
So if you happen to be moaning and groaning in your beer right now because you’ve taken a couple of losers recently, I recommend you wise up! Losers are a cost of doing trading business, that’s all.
Now let’s get out there and earn some money! Crying in your beer won’t earn you penny one.
And if anyone tells you, "you can't do it," show them the door without delay! You darn well can do it. We all can. And if we put our minds to it, we all will.
Good trading, all!
R. Sub’d,
Yr Fellow 4X Trader,
hiyo
This morning I was viewing a website I frequent that places signals of rather high quality on the Daily, Weekly and Monthly charts and I noticed a long trade on the monthly chart of the USDJPY pair from 3/31 at 106.05 and it has not issued an exit signal yet and the pair is trading at 117.79 as I write this. That’s a gain of 1,174 pips in 8 months on that trade. This is not a “spectacular” winner by 4X standards, but it is a good solid winning position trade. According to my erstwhile broker, the pip in the USDJPY pair right now is worth $8.49, so the paper profit on this trade is $9,967.26 on one standard lot and $99,672.60 on 10. At the “default” leverage of 100-1, it costs $1,000 to open a one standard lot trade and $10,000 to open a 10 standard lot trade. The Return on Investment (ROI) of this trade is 997% on your money in 8 months. If you were willing to trade at 50-1 leverage instead and put up $2,000 to open the one standard lot trade or $20,000 to open the 10 standard lot trade, the ROI would be “only” 498.5% on your money BUT you would have been paid the interest on holding the position every day like clockwork instead of paying it out and that would have added substantially to your profit. On the other hand, if you were willing to pay the interest every day and wanted to trade at higher leverage, you could find brokers who would permit you to open positions at 400-1 leverage and you could have gotten that one standard lot position open for $250 and the 10 lots for $2,500. In that case, your ROI would have been a modest 3,987% on your money in 8 months.
The money to be made in this market simply staggers the imagination. No other market on earth touches it with a ten foot pole!
If someone came up to you on the street and told you he knew of a way you could take $250 and turn it into almost $10,000 in 8 months, you would be tempted to call the bunko squad and turn the con-man in, would you not? But you can do it in this market. Routinely.
This same website signaled a short on the monthly chart of the EURUSD pair at 2731 on 5/31 and is still holding the position, and, as I write, this pair is trading at 1812. This is a gain of 919 pips in six months or $9,190 on one standard lot and $91,900 on 10.
The point is not that this method or that method isolated these extraordinary winners. As Fijitrader pointed out elsewhere, there are far more successful systems and methods than there are successful traders. And there’s a darn good reason for that. The point is that these extraordinary winners are all over the place.
Do you really realize where we are? We are not really in a “market.” We’re in a gold mine.
Our “job,” if you will, is to keep our feet on the ground, our heads on straight and to mine this thing safely, systematically and competently.
The money is there to be made and if we do not make it, we have no one to blame for it but ourselves.
So if you happen to be moaning and groaning in your beer right now because you’ve taken a couple of losers recently, I recommend you wise up! Losers are a cost of doing trading business, that’s all.
Now let’s get out there and earn some money! Crying in your beer won’t earn you penny one.
And if anyone tells you, "you can't do it," show them the door without delay! You darn well can do it. We all can. And if we put our minds to it, we all will.
Good trading, all!
R. Sub’d,
Yr Fellow 4X Trader,
hiyo
: )