is james16 really a successful trader?

And this is why barely anyone makes it. Pick up a lotto ticket and save your time.

But at least someone is hitting the egg nog early

Looking at where boobwang is from I would add saki to that.

http://shock.military.com/Shock/vide...ESRC=army-a.nl

this thread is stupid..need to be deleted quick!!

anyway anyone in private forum knows the truth..

there is no cookie-cut image of a successful trader. at that time 5 years ago the trade ended as a small loss and had it left clean and run down you're then asking how did he not get scared having over 100 grand on a single trade. do that 10 times and theres your million. how many times can that be done over 30 years? a lot. obviously price reversed soon after the exit you can imagine the feeling, what other explanation do you have than fear. what an excellent way to show new people that this can happen from time to time even when you're not new.

I would say out of all the commercial members James is the REAL DEAL.

In the end what does it matter if Jim is a successful trader or not?!

That should not be the question. The question should be: Am I a successful trader? If not, work your way up there and don't focus on other traders.

But you would have gotten the answer to your question by reading more of his thread. The answer I have gotten is yes he is a successful trader, but who cares.

This is the type of rubbish that will always keep the 95% in this game losing and bring in the fresh blood to replace the current corpses.....

if that 5% is for risk then it's to much.... try lowering it to 2% or less. if you think great traders make 200 in a row with ease then I think you're delusional. A 1000K account is not a starting base to trade full time with non stop success. the pressure on the trader to use that to live and grow at the same time would be enough to end their journey alone. (i know there could be exceptions)

who knows? probably no way to prove yay or nay so why question

As a follower of James and a member of his private group, this is an insult to James. Why have the mods not deleted this?

Probably because they realize it is rather a silly thread, written by a 7 year old. Also, I doubt James would risk more than 2% Max of the account on any one trade. Do the math and you will find that is a rather large account.

A good reason for it to be deleted

I don't care is James16 successful trader or not, but I know he is a successful teacher. One of the best all over the internet and I've seen absolute majority of them.

You are suffering from skepticism mixed with illusions of quick and easy money, as soon as you get rid of them both you'll be able to learn even from amateur traders.

Im not sure...
beside Sir James16's avatar, it says "THANK YOU MERLIN" & has been so for some time now.

Actually that should be the question. He should subscribe to one of the signaling services where your real-time buy/sell signals on Metatrader gets executed on either a demo or real account on their servers. It is a fair transparent way to demonstrate your trading skill.

This is the commercial forum , yet I am not certain whether one is allowed to post links to them, they are well known on other forex forums, but there are strict rules against advertising here. Please indicate if I can post a link to their pages. There are two that I know about.

Im sure if the skeptics had taken there time to read through the thread and visit the website, which has plenty of info for guest to view to get a grasp of what he and the group does, then this thread wouldnt have existed.

Something happens to a few traders who begin to realise success and trust within themselves. They move away from the BS of trading small accounts to get rich and move onto an account that is sufficient to allow good growth as well as pull funds from to live without jeopardising the compounding process. They also take risk far more seriously. Turning 1k into a million at 5% risk in 200 trades, even 2000 trades wont happen. It takes a serious amount of discipline to start with to realise the GROWTH required in % to get there in comparison to what some of the BEST PROFESSIONALs are achieving. IF you think because you can double 1k a few times that you are professional, then you will surely realise when you get that margin call before 10k, maybe higher if you lucky, that you have just joined the 95% body heap that keeps piling up.

Penny account trading is great to get an emotional feel for the psychological aspects of trading but far too many take it about as seriously as a demo account. There are fundamental reasons as too why and one of them is the fact that the rewards just dont release enough endorphines to satisfy the trader. I mean all that screen time for a great 100 pip grab that adds up to perhaps $100 just doesnt fill the 'wealth' meter in your satisfaction beaker. However if you took is seriously and realised that the $100 when compared to a 1k starting point is actually 10% and that is a phenomenal outcome and you where quite happy that your plan materialised as expected, then perhaps there is hope for you.

Trading is a long game. To have been at it for 20 + years speaks for itself and it would be no surprise to me if there was a multi-million dollar account to his name. Things change dramatically, and I mean dramatically when you start trading with 'an account' because the rewards are far more fulfilling and the risks, while they may only represent a small portion of the account, are still quite tough to swallow. I dont know too many people that would be happy just to watch good money flow away when there are chances to lock in BEs or take some profit.

I am getting off track here but I hope some new traders take note and understand. When you have the opportunity to lock in BE to avoid a loss (and I dont mean as soon as the market is in your favour) but lets say your up by 20 pips, to most that will account for practically nothing. On a 1k account trading micro lots it may equal less than $20. To those trading this that represents 2%. If your trading a 100k account, which in my view is not impractical if you are serious about trading for a living as it allows compounding aswell as withdrawal, that represents $2000.

HOW MANY OF YOU WOULD BE LOCKING IN BreakEven IF IT WAS $2000????. If most of you are then why wouldnt you lock it in with $20!

Trading needs to be more than just getting rich. Jim I am confident discovered this along time ago. I am 100% sure that he would be locking in BEs because he himself has stated that BE is a check in the win column. You have given yourself an opportunity to make profit and you have escaped with your account intact.

For those who have doubts, do yourself a favour while your still fresh and spend some good time reading the thread and going through the site. Once you have done so you will have no doubts that he is successful, not only as a trader but as a mentor who I am sure devotes a great deal of time to those who are in his group.

PLEASE NOTE: I am not a James16 member and I have no desire to be. I have spent along time trading and agree with alot of what he and his senior members have displayed.

Razor

Great post, Razor, one of the best that I've read for some time.

Pin bars can be extremely profitable

oh well, jacko, where is jacko now?????

trading business, requires prudential, a bit of suspecion is wise to preserve one's capital before get it burnt one way or the other.

yes!!!
they are cheaters!!! time tells you the truth!LOL
according to the performance in FF's trade explorer, all the successful traders are not famous in FF, they just don't care the fame. you can't cheat in FF's trade explorer! all the cheaters don't dare to show that there!!!ha

Can anyone please give me the link so I can check J16 Please? There is so many websites talking about him I don't know which one is the correct. Thanks!