Xaron's $1,000 to anywhere trading horror show

Quite often people claim to make 1000+ pips a week, post good trades, pose as a great trader etc. But they never show you the curve.
And people often come and tell others how they should trade, but they forget to show some evidence that they actually survived the market for some time.

Looking for some fun today, are we Patience? You know I'm not advertising my peaky pale little account where I trade peanuts /compared to other people/. Uhh, I see I've fallen off the first page of results. I'm in the also-ran category...

You know I'm always looking for a bit of fun. Better than crying into my latte with cream and chocolate on top. Anyway you haven't fallen off the first page if you set the results per page at 30 or 40

Doesn't appear to be any takers for showing their curves. Hmmmmmm? So, just for you Xaron, here are mine. Have a good laugh - I'm used to it My other half calls my trading "Warren Buffett sideways trading" but he doesn't really know how hard it is. Oh, by the way, they are "real" accounts.

Now I'm not here to give advice to you Xaron. It seems that we have both been tinkering with this market for about the same amount of time. I'm well aware of my flaws as I am sure you are of yours. You take high risk, I generally take low and my results are indicative of the way I like to do it. I enjoy my sleep.

This is a good example of using quite heavy leverage with tight stops due to a data spike buy. SL is at BE already. If the AUD/JPY goes up it will be a huge gain. Initial stop was at 73.55. Of course luck is involved but you have take the chances if you get them.

http://www.xaron.net/dl/fx/2010/5k-1...t_020710_2.png

Thanks guys, I appreciate your comments!

fxswing, that was nothing against you, I like what you've said.

Patience, very interesting, thanks as well. You're right, low leverage is the key. Or stops. I sometimes need the thrill. I will drop that thrill part as soon as there is some more money in the bank.

I see many of cool friends here, That will be delighted if i can post here
Correction or trend reverse not sure yet but it going up and i enjoy it.

My Daily chart for e/u


DX daily chart going to enter in critical area


Wish happy weekend to All of you

I understand the thrill part. I probably found it quite thrilling for a couple of years but I lost that feeling somewhere along the way. Can't say exactly when but it was at least three years ago. I've been plodding along for over 6 years now. I don't expect to become some sort of millionaire from this. I consider myself lucky to make enough to keep me out of an office now. I earned my money the good old fashioned way. It's called working hard and then I invested in a few properties before the boom but that's not really an option now.

So, even after all this time, if a noob asked me if it was a good idea to earn a living from trading, I'd have to say no. I'd recommend that they go and get a job (or three). The chances of them making more money from working than trading are probably over 95%

[EDIT] I forgot to say that they'd probably spend less time working than trading as well I am aware that I could be extremely stupid at this though.

Hi
I don't trade Down but i keep an eye on everything
No body can challenge Mr Market if they try to manipulated , It will revenge.

Current 9681
8300- 8700 zone On the card for medium term but Longer term......... "Deleted part because don't like post something not sure about it"

I could be wrong so follow only your view

Thinking to sell A/U
well tomorrow will take my decision , Anyone trade this pair ?
Time to take some rest, Have work early
oops i post much in your journal before i got your agree ,Sorry

Sometimes I feel like not posting here on FF anymore. This place works like the mafia. There is a gang around, wanna be traders that are barely breaking even or loosing money (after years trading), but just because they are protected by the "rules" they keep going on.

Anyways it just take a few minutes to post and my posts may end up helping somebody....so there we go.....

Xaron became a gambler so I'm not gonna comment on what he is doing.

I would like to say something about some misconceptions that people insist to hammer on, here and on other forums.

People are always asking you to show your account, show a proof that you are a real winner....and just after "the proof" they will listen to you.

Well...first if a successful trader give you a advice it is on your best interest to see if it works for you or not, you are the one loosing money. For the winner trader it doesn't change anything if you are doing good or not.

second... showing an account is so easy! And let me ask you ...does it prove something? If a guy doubled, tripled, or whatever his account last year...does it prove anything?

It is amazing how people fail to understand that if your account increase 10 folds without a solid base it does not mean anything. Because soon or later the account will come to zero again.

If somebody makes 10% consistently per year (PER YEAR NOT PER MONTH) people will not care about because...what?.....that is easy...!!

The 95% winners here on FF will bash 10% per year because they can do a lot better, they double their account in a regular basis.

It is really funny that the professionals that make 6 figure income working for the top institutions in the world are happy with 10 to 15% per year. They get million dollar bonuses and Masseratis as gifts from their clients for the dinkies 10 or 15% per year that the FF traders discard as unacceptable.

Oh....hold on....I bet people will come here and say about hedge funds that make a killer per year. Well let me tell you something, hedge funds are big gambling houses, they are here today and gone tomorrow, and people that put money on them are up to the risk.

Actually hedge funds are considered "high risk" investments and they usually cheat, inside trade, flash trade, etc...etc to make money, and they go bust very often and people end up without a penny.

Just think folks....just use your brain for a minute and assess the probabilities.

If you make what people claim possible here on FF, 30 to 40% per month (to be conservative ) you will be a billionaire in no time. Yet Mr Soros made his first billion in one day in a gamble. How many times he did it again? It happens that he was right if he was wrong (50/50 chance) the name Soros will be never mentioned in history.

What we see here and in other forums is that constant boom and bust.

Oh boy the guy doubled his account.
Man...!! The guy was margin called.

Can you make a living this way?

Now what about keeping your day job, adding your savings to your account, making 10 or 15% per year maybe 20% in a killer year. watching your account grow and finally when your account reaches the possibility to support you based on 5 to 7% yearly gain and you are a mature trader due to years of discipline you send your boss to hell and become a professional trader.

Well...only 1% or less traders out there take this "less traveled" road. They are considered looser in forums but they win in life.

Food for thought.

Dear platypus,

welcome back and thanks for your posting.

Some thoughts from me:
1) If I aim for 5-10% per year(!) I wouldn't trade at all, there are safer almost riskless investment possibilities without the need to trade.

2) Making more than 10% per month(!) is possible but not every month. Aiming higher returns come along with higher risks, it's that simple. But it must not be gambling to make high returns, you as a retired bank guy should know that.

3) I see no point in making 2-3% per month with a $1k account. That's just a waste of time for me. If I had a higher account I would use lower risk. I did some mistakes but I'm ok with that. You say showing accounts is easy, well yes, probably that's why only a few do that?

And about those "professionals" making an income with millions or billions in their account: Of course they don't have to make high returns. You can't just simply use a calculator to see that you would become a billionaire in no time. Of course that doesn't work. With a bigger account the psychological stuff becomes more difficult and there is no need anymore to have returns above 10% p.a.

Hey whats up Xaron...



I said 10 to 15% and maybe 20% in a good year. Don't fool yourself Xaron if you can make it consistently you can trade for a bank. Can you point one...just one "respectful" institution that pays 10% on your money.

Lets put it simple...if a trader under my direction started to make 10% per month I would fire the guy...that simple. And just for the record i had some really bright traders under my supervision and none...not even ONE of them made much more than 1% per month.

LOL....can you tell me what other choice you have?
Your account size does matter, but in the inverse way you are thinking. If you trade a 1K account professionally does not mean that you can trade a 200M account the same way ....but ....if you gamble with 1K you will gamble with 100M believe me my friend

Thats why you have to have discipline and persistence until your account can support you. Again what other choice do you have? You do things the right way or you will keep providing liquidity to the market....forever!!

Look Xaron...I'm not here to have an argument with you, at the end of the day is your money and you will do what you think is right for you. So go a head keep trying! You will go to endless cycles of BOOM and BUST untill the day you come to the conclusion that probabilities don't lie ......when you get there remember that the old platypus was only trying to help!!

Hey platypus, I really appreciate your comments and I think you're right.

I will start two other accounts tomorrow, one ultra safe low leverage long term type, the other a scalping one. Let's see if I can assure you that I can more than gambling.

fxswing, I like what you said .... Xaron is a very good trader (something which I am still striving hard for and not be comparable with Xaron as yet ), but I think he's a bit too rush for success .... in trading, I also believe in consistency if one wants to trade for a living and bang the door shut at the boss face ....

.

Sorry, but i cannot help!!...bright traders.... but they didnt made more than 1%/month??

what is wrong in this sentence???

i make monthly arround 30%...with account just over 50.000...so..

again , sorry for intervention!

How long have you been seeing this type of return?

His profile states less than 1 year trading experience.

Nothing wrong with the sentence 1% per month sometimes usually less !

Keep on the good work, you are working for guys like me. You are what we call the "accumulator" because you work hard to accumulate money that you will never spend, because sooner or later your account will be "distributed" in the form of a margin call among the "idiots" that make 1% per month !

i trade for a living for 2 years now...

here is a results from 1 July...

really i dont want to show off....

i'll intervine in this thread for the last time, as i dont want to upset you guys, 'the elders'..

good to see that you filled up everything about you in your profile..

If it makes you feel better, I'm at about 15 months (live).