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What is your weekly return?

  • #161
  • Apr 26, 2011 9:54am Apr 26, 2011 9:54am
Quoting nubcake
i want to be a sprinter, not a crawler. if i ever become a sprinter then i will be able to get to where i want to be so much quicker and easier and then i can take as much time as i like to smell the roses and watch everyone else crawling all they way over yonder in poverty-town, so to speak. i can walk around, see the sights, eat a sandwhich etc..
Just a comment if I may. I loved your previous post. In fact I printed it off to read it repeatedly.

In a previous life I was a sprinter (a CEO of a 3000 person company that I grew from a bankrupt entity to a company with $800 million under contract and prior to that i was an officer in the military).

Sprinting takes its toll..on you..on your relationships...on your body...on everything. I was surrounded by naysayers, in fact, my Board of Directors told me to pass on what i was trying to achieve. That negativity was also very tiring. People will try to kill your spirit and they will if you let them.

The tough balance which I did not find at the time is how do i keep my spirit alive, not let the negative discussions dissuade me, not let that negative energy destroy me, not get beaten down by it. I put up a wall that unfortunately did not let the good things in either. I was extremely single focused. I was not whole. My wife kept telling me but i did not see it at the time. I do now.

When I finished ( I quit after I sold the company to a venture capital firm as i was too tired to continue) I could not smell the roses. I couldn't even see them. It took about 2 years to really get balanced. I believe that i am there now. I am not sprinting in my forex career as i am probably using a larger account size then most and I can take the marathon approach.

however, at first in forex i did attempt to sprint and I was trading M15 and H1. I would trade the London session which for me is 3:00 am start. I would get up and trade it for 8 hours and take a nap after the close and then get about 4 hours sleep prior to London open. I only knew one way to do anything and that was commit completely. I saw myself going down the same rabbit hole and i had to extricate myself. H4 and D1 allows me to do that.

I am not telling you not to sprint. I would sprint if I had to. But I would also take complete breaks every now and then. Take a long weekend vacation. Do this at least every 3 months. make it someplace sunny and bright. You will be amazed at what sunshine can wash out of your system. take up sailing or something where it feels like complete freedom.

In the meantime sprint like the very dogs of hell are on your heels. And never look back...it only slows you down.

As for everybody else...ignore them...or as my military buddies would still say..F*** 'em.
  • #162
  • Apr 26, 2011 10:43am Apr 26, 2011 10:43am
Quoting flyer415
Just a comment if I may....
thanks, and very nice post. this encompasses the main points of where i am at, where i hope to be heading, and the pitfalls i want to try to avoid (except i'm possibly already in that hole anyway. burn-out is a killer).
Congratulations ScalaFX for coming out of the closet!
  • #163
  • Apr 26, 2011 2:27pm Apr 26, 2011 2:27pm
well, if you only had a gold position in the last 12 months, with 1:1, you would make as much as 30%.. only with one currency/commodity.

So if you think all the PROs make only 5% per year and anything above that is impossible, then better leave your money sit in a swiss bank with time deposit and you will make 5% without even working.

I'm still surprised to see many 10+ Vouchers claiming that more than 5-10% per year is out of this world. I mean, they didn't earn 10+ vouchers for nothing, im sure they are very experienced in this market and know their stuff. Still strange tho.
The Black Swan: The Impact of the Highly Improbable
  • #164
  • Apr 26, 2011 2:34pm Apr 26, 2011 2:34pm
Quoting MapleLeaf
well, if you only had a gold position in the last 12 months, with 1:1, you would make as much as 30%.. only with one currency/commodity.

So if you think all the PROs make only 5% per year and anything above that is impossible, then better leave your money sit in a swiss bank with time deposit and you will make 5% without even working.

I'm still surprised to see many 10+ Vouchers claiming that more than 5-10% per year is out of this world. I mean, they didn't earn 10+ vouchers for nothing, im sure they are very experienced in this market and...
Nobody said anything about 5-10% a year and nobody gives shit about vouchers.

.
http://www.blackhatguide.net/photos/...WW2-4Words.jpg
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #165
  • Apr 27, 2011 1:12am Apr 27, 2011 1:12am
Quoting MapleLeaf
well, if you only had a gold position in the last 12 months, with 1:1, you would make as much as 30%.. only with one currency/commodity.

So if you think all the PROs make only 5% per year and anything above that is impossible, then better leave your money sit in a swiss bank with time deposit and you will make 5% without even working.

I'm still surprised to see many 10+ Vouchers claiming that more than 5-10% per year is out of this world. I mean, they didn't earn 10+ vouchers for nothing, im sure they are very experienced in this market and...
yeah, take lasvahgoose's advice and read the thread first. Nobody said anything about 5-10% a year.
  • #166
  • Apr 27, 2011 2:48am Apr 27, 2011 2:48am
Quoting Custos
yeah, take lasvahgoose's advice and read the thread first. Nobody said anything about 5-10% a year.
but i think, maybe, somewhere in there i might have amongst my rants. i generally consider savings accounts to be around 5%, inflation to be a bit above that, and i think i see funds being considered anywhere from 10 to 30% as the rough benchmark.

probably my fault. i'll cop that one.
Congratulations ScalaFX for coming out of the closet!
  • #167
  • Apr 27, 2011 5:07am Apr 27, 2011 5:07am
Quoting vosterfxandy
The specification of the amplification of your cohorts and induction coupled with amalgamation of the designated altercation is far too ambivalent for nurturing the depreciation.
Can someone please explain what this guy is on about?
  • #168
  • Apr 29, 2011 1:24am Apr 29, 2011 1:24am
Quoting nubcake
i'm certain everything i have said has been quite straightforward for anyone who reads it. it's clear that some here simply don't understand certain concepts. that's ok. life is what you make of it and some have chosen their limits.

peace out.
Las Goose & Las Custos are just two narrow minded id1ots. Leave them alone. They believe what they want to. You've made it very clear in your first post. Someone with a clear mind will understand. The arrogant / ignorant gusto goose wouln't anyway :-))

http://www.forexfactory.com/showthre...62#post4538262
  • #169
  • Apr 29, 2011 5:08am Apr 29, 2011 5:08am
Quoting fiftylots
Las Goose & Las Custos are just two narrow minded id1ots. Leave them alone. They believe what they want to. You've made it very clear in your first post. Someone with a clear mind will understand. The arrogant / ignorant gusto goose wouln't anyway :-))

http://www.forexfactory.com/showthre...62#post4538262
sounds like we are on a german submarine. "Los!".

it's all good. some people are colourblind and can't see all colours and images properly. the question is, am i the one who is colourblind? am i not seeing the image properly?

you can't see what you can't see, and you can't know what you don't know.
Congratulations ScalaFX for coming out of the closet!
  • #170
  • Apr 29, 2011 5:46am Apr 29, 2011 5:46am
Quoting fiftylots
Las Goose & Las Custos are just two narrow minded id1ots. Leave them alone. They believe what they want to. You've made it very clear in your first post. Someone with a clear mind will understand. The arrogant / ignorant gusto goose wouln't anyway :-))

http://www.forexfactory.com/showthre...62#post4538262
Oh and you know so much huh? LOL. Shithead. What have I said that you disagree with?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #171
  • Edited 3:18pm Apr 29, 2011 3:00pm | Edited 3:18pm
Quoting LasVahGoose
Oh and you know so much huh? LOL. Shithead. What have I said that you disagree with?
I've set up this Trade Explorer thing today for you to discuss the possibilities making %5 a month. Your comments will be:

1. Overleveraged.

2. That's only one day. Show me two days! Show me the same results over one month, over a year, ten, fifty years.

3. It's a Demo. Show me the same results with Real $.

4. It's only $10K, show me the same results on Real with $10M.

5. Made 25% in a day? You could have also lost 25% in a day!!

The ridiculing comments would go on and on. And you know what? I wouldn't care less


Regards,

Fifty
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  • #172
  • Apr 29, 2011 3:11pm Apr 29, 2011 3:11pm
This week i return 823.87% ,5k to 47k in a competition, not quite the same as real money but still traded the way i would normaly,just not the same money management style.

I can not post the real statement due to forum advertising infringments.


Weekly Contest 04/24/11
19:00 UTC04/29/11
21:00 UTC$ 3.00$ 526.80$ 42,522.04$ 0.00 823.87 %126 11


and still only 11th place



pipfarm
Follow The Markets Structure - Patience and Discipline
  • #173
  • Edited Apr 30, 2011 1:37am Apr 29, 2011 3:52pm | Edited Apr 30, 2011 1:37am
Quoting fiftylots

The ridiculing comments would go on and on. And you know what? I wouldn't care less


Regards,

Fifty
Congratulations, you have proven anybody can make a 25% return in a day with a demo account
I see that was a brand new demo account with only the three trades. How many accounts did you toast before you could show this one?

The thread is called "what is your weekly return?"
The thread starter claimed he was achieving 10% per week
I said he was full of shite
The argument here is whether or not anybody here is actually achieving weekly returns of 10% (or even just 5% per month) consistently in a live account. Despite a heated debate about whether or not it is possible to do this, nobody has yet provided a statement proving there claims that they are. Your attempt is an insult to our intelligence

Quoting pipfarm
This week i return 823.87% ,5k to 47k in a competition.....,

pipfarm
Nice work in the demo trading contest, I would be happy with that. Unfortunately your results are not useful for this debate. Apart from being demo, the majority of participants toast their accounts trying to win the competition. Only a lucky few survive till the end. That is the fact of trading competitions. They are not an accurate example of consistent returns. Do you have a live account statement with your normal money management by any chance?
BTC Return This Year: na
  • #174
  • Apr 29, 2011 6:07pm Apr 29, 2011 6:07pm
Quoting fiftylots
the ridiculing comments would go on and on. And you know what? I wouldn't care less
I see you totally dodged my question. Typical.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #175
  • Edited 4:21am Apr 30, 2011 4:05am | Edited 4:21am
Quoting fiftylots
I've set up this Trade Explorer thing today for you to discuss the possibilities making %5 a month. Your comments will be:

1. Overleveraged.

2. That's only one day. Show me two days! Show me the same results over one month, over a year, ten, fifty years.

3. It's a Demo. Show me the same results with Real $.

4. It's only $10K, show me the same results on Real with $10M.

5. Made 25% in a day? You could have also lost 25% in a day!!

The ridiculing comments would go on and on. And you know what? I wouldn't care less


Regards,

Fifty
haha, 3 trades to prove what? For sure 25% a day are possible. But the question in this thread is, if it is consistently possible.

I personally agree, 5% a month should be possible for a good trader on a consistent basis. The question is, if it is possible to do the same per week on a consistent basis.

although I applaud your good intentions to try to prove your point, 3 trades is far from enough to call something consistent. However, if you can keep up the performance for the rest of the year and with a live instead of demo account, then you will have proven the point that consistent high weekly returns are indeed possible.
  • #176
  • Edited 5:27am Apr 30, 2011 5:09am | Edited 5:27am
Quoting fiftylots
The ridiculing comments would go on and on. And you know what? I wouldn't care less
Do you really trade your real account with 100:1 true leverage? If so, hats off to you. You must have big cojones. Gawd forbid one of those JPY meltdowns happens and skips your stop by 100 pips because I read that some people's stops were skipped by up to 200 pips on some crosses.

I don't have an issue with 5% per month. I'm sure decent traders can achieve this. Hell, I'm not even a good trader but I did this on a small account (not 5% consistently though, some months were bigger earners than others). But I did have an issue with the sweeping statement of 5% per day/week is easily doable.

Been another great week on myfxbook. Lots of accounts have silently disappeared. No mercy was shown on those who tried to easily achieve that 5% per day.

http://www.myfxbook.com/community/trading-systems/4,1
Nothing worth having is easy.
  • #177
  • Edited 5:57am Apr 30, 2011 5:14am | Edited 5:57am
so if someone will trade intraday on 4 pairs, averaging three 1:1R trades weekly on a pair (is this overtrading?!) risking 1% of account per trade (is this overleveraging ?!) and his win ratio is 70% (70% at 1:1R, or 45% at 2:1R - is this really impossible to attain in the long run?!), he's an unhealthy unrealistic joker or dreamer or even liar because this math is causing him/her to make about 5% per week

But I agree it's not that easy. Years of hard work and dedication required. The more the trading relies on discretionary judgement, the easier it is to achieve short-lived success and the harder it is to succeed with it consistently. Btw great point about the stops skipping in Patience's post. Nothing is sure with a single trade, or a bunch of trades, if markets go crazy.
:-anything
  • #178
  • Apr 30, 2011 5:58am Apr 30, 2011 5:58am
Quoting tritom
so if someone will trade intraday on 4 pairs, averaging three 1:1R trades weekly on a pair (is this overtrading?!) risking 1% of account per trade (is this overleveraging ?!) and his win ratio is 70% (70% at 1:1R, or 45% at 2:1R - is this really impossible to attain in the long run?!), he's an unhealthy unrealistic joker or dreamer or even liar because this math is causing him/her to make about 5% per week
Not at all. It's just that I've seen enough real accounts go down the tube to last me a lifetime ergo it's not easily doable in my opinion (and yours too by the looks of things). Demo account to me =
Nothing worth having is easy.
  • #179
  • Apr 30, 2011 6:33am Apr 30, 2011 6:33am
Quoting fxvoilaaa
Can someone please explain what this guy is on about?
Enter Signature
  • #180
  • Edited 7:58am Apr 30, 2011 6:54am | Edited 7:58am
Quoting Patience
Demo account to me =
Yep, I have to agree; then (apart from technical aspects like slippage etc) it has to be one's psychology that accounts for the huge difference. But I'm quite convinced that a majority of those who bust their real accounts would do the same with a demo account; providing they would have to keep just this one demo account and not to click themselves a new one as soon as they lose a few trades.

Patience, discipline, not being emotionally tied to the money.. just to name a few important psychological virtues.. these are crucial to profitable (regardless of any % figure) trading at all, these are the buzzwords.. but I think the real problem for many is they simply don't know what they are doing; they're impatient and undisciplined but not because of being unable to be patient and disciplined; they are not certain in knowing what to do. What a big surprise it was for me: after astonishing short-term winning streaks on demo, then busting a huge % of fresh live account and then back to demo, I came to the ah-ha revelation: I almost didn't have a clue about what I was doing. Any amount of positive psychological virtues and any reasonable money management won't keep a trader from inconsistency and losing IF he actually doesn't KNOW what to do / what to look for, and how to judge the events he's looking for with binary certainty. To find THIS out, is the hardest part, imo.
:-anything
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