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  • #497,661
  • Jul 24, 2011 10:44am Jul 24, 2011 10:44am
Quoting attila
. Oh, and don't forget. You'll never make 1MIL starting from 500 bux. NEVER.
i figured this one out a while ago... its not actually impossible if you have the patience... but highly UNLIKELY..

personally i noticed the larger my account, the less i need to trade to make the target i desire... hence less exposure of my account = less chance of blowing it up...
  • #497,662
  • Jul 24, 2011 10:45am Jul 24, 2011 10:45am
Quoting attila
very simple concept. A lot of people would have figured that one out but we still have 95% losing this game. It's not that simple.
very simple indeed, but when you have emotion involved, after all we are all human, it gets a bit complicated.
  • #497,663
  • Jul 24, 2011 10:46am Jul 24, 2011 10:46am
Quoting attila
All strategies are Bull$hit. They are something that make us THINK we have an edge. Nonsense again. It all comes down to your mental make up, and the gut feeling of what the market might do(experience/hours and hours of watching the charts). That's it. The only thing that's left is deciding when/if to cut your losses. Dealing with winners is easy, me thinks.


for me,

1.STRATEGY (mental and technical) helps me plan my trade and have an edge, plus know my risk per trade. I really don't think they are BS.

2. I cant execute trades on mere gut feeling.

3. With the right strategy, I could tell the next support or resistance level to put my stop on, and make sure the risk doesn't exceed my target.


Just a Contributn. No offence
  • #497,664
  • Jul 24, 2011 10:46am Jul 24, 2011 10:46am
Quoting Venice

My analytical mind, alas, only let's me see numbers and calculations.
It was my biggest hurdle to overcome, because my mind works the same, doing software for most of my professional life. I know what you are saying, that's why I'm throwing in some numbers, just to satisfy that part of my brain.... but it's much more than that. Trading shows you who you are, you are staring yourself in the mirror and YOU are the biggest impediment to your success. We pollute our minds so so many theories when in fact we should focus on ourselves first and then success/money will follow. Understanding yourself is the trading holy grail....
  • #497,665
  • Jul 24, 2011 10:47am Jul 24, 2011 10:47am
Quoting attila
You'll never make 1MIL starting from 500 bux. NEVER.
i wouldn't say never. it's difficult, but not impossible.
  • #497,666
  • Jul 24, 2011 10:48am Jul 24, 2011 10:48am
Quoting attila
Intransigent again there..... It's either that or it's an ART. I lean towards trading being and art.

edit: and the reason I'm saying this is because what you stated is a very simple concept. A lot of people would have figured that one out but we still have 95% losing this game. It's not that simple.
guess it's less than 95 %...but yes, majority does lose money.

imho.
Hero calls followed by margin calls...
  • #497,667
  • Jul 24, 2011 10:49am Jul 24, 2011 10:49am
Quoting attila
It was my biggest hurdle to overcome, because my mind works the same, doing software for most of my professional life. I know what you are saying, that's why I'm throwing in some numbers, just to satisfy that part of my brain.... but it's much more than that. Trading shows you who you are, you are staring yourself in the mirror and YOU are the biggest impediment to your success. We pollute our minds so so many theories when in fact we should focus on ourselves first and then success/money will follow. Understanding yourself is the trading holy grail....
Well said mate. Added to the list and will work on it.

And of course, for the time being... let us enjoy the video provided by jaylovin a few posts up.
  • #497,668
  • Jul 24, 2011 10:49am Jul 24, 2011 10:49am
Quoting blueassets
for me,

1.STRATEGY (mental and technical) helps me plan my trade and have an edge, plus know my risk per trade. I really don't think they are BS.

2. I cant execute trades on mere gut feeling.

3. With the right strategy, I could tell the next support or resistance level to put my stop on, and make sure the risk doesn't exceed my target.


Just a Contributn. No offence
NP. but if you go over your answer again you'll see that you actually agree with my statements. This thing is really messed up.... LOL.
  • #497,669
  • Jul 24, 2011 10:50am Jul 24, 2011 10:50am
Quoting Venice
The sooner people realize this is a game of calculating risk and probabilities, the better off they will be.


(oops, I just gave out the holy grail to this world)
finally !

im out of here bitches,printing money with the holy grail !

yammi yammi yehaihjai !
Hero calls followed by margin calls...
  • #497,670
  • Jul 24, 2011 10:51am Jul 24, 2011 10:51am
Quoting pkimnyc
i wouldn't say never. it's difficult, but not impossible.
You are right. Actually I know at least ONE person that did it, so yeah I'll take that back.
  • #497,671
  • Jul 24, 2011 10:51am Jul 24, 2011 10:51am
Quoting PhAnTi'
finally !

im out of here bitches,printing money with the holy grail !

yammi yammi yehaihjai !
don't bring the interest rates down.
  • #497,672
  • Jul 24, 2011 10:52am Jul 24, 2011 10:52am
Quoting pkimnyc
i wouldn't say never. it's difficult, but not impossible.
all you need is a positive expectation system (to get the needed edge) and a proper Moneymanagement....

that is all.
Hero calls followed by margin calls...
  • #497,673
  • Jul 24, 2011 10:52am Jul 24, 2011 10:52am
Quoting pkimnyc
don't bring the interest rates down.
sry
Hero calls followed by margin calls...
  • #497,674
  • Jul 24, 2011 10:54am Jul 24, 2011 10:54am
Quoting PhAnTi'
all you need is a positive expectation system (to get the needed edge) and a proper Moneymanagement....

that is all.
sh!t.... there goes the holy grail again.....
  • #497,675
  • Jul 24, 2011 10:56am Jul 24, 2011 10:56am
Quoting PhAnTi'
all you need is a positive expectation system (to get the needed edge) and a proper Moneymanagement....

that is all.
ummm. same could be applied to an unemployment check.. no need to work at all
  • #497,676
  • Jul 24, 2011 10:57am Jul 24, 2011 10:57am
Quoting pkimnyc
i wouldn't say never. it's difficult, but not impossible.
reading post in this thread i`m sure there are plenty of guys that are millioaires from 500$ !
i saw almost everybody making 70-100 pips/day (of course on the thread), and this with an aproach of 1%risk/trade could compound 500 into 1m$ in less than 2years

so atilla,
never say never
  • #497,677
  • Jul 24, 2011 10:57am Jul 24, 2011 10:57am
Quoting pkimnyc
sh!t.... there goes the holy grail again.....
indeed
Hero calls followed by margin calls...
  • #497,678
  • Jul 24, 2011 10:58am Jul 24, 2011 10:58am
Quoting attila
You'll never make 1MIL starting from 500 bux. NEVER.
will start a trading journal soon to see how possible the statement is, but will be starting with an equity size $1000, not $500. I plan turning it to over 1MIL in less than 6 month. I of course don't know if it's quite possible or not, but no harm in trying with just a thousand.
  • #497,679
  • Jul 24, 2011 10:58am Jul 24, 2011 10:58am
Quoting bradu
reading post in this thread i`m sure there are plenty of guys that are millioaires from 500$ !
i saw almost everybody making 70-100 pips/day (of course on the thread), and this with an aproach of 1%risk/trade could compound 500 into 1m$ in less than 2years

so atilla,
never say never
total bs.
  • #497,680
  • Jul 24, 2011 10:58am Jul 24, 2011 10:58am
Quoting bradu
reading post in this thread i`m sure there are plenty of guys that are millioaires from 500$ !
i saw almost everybody making 70-100 pips/day (of course on the thread), and this with an aproach of 1%risk/trade could compound 500 into 1m$ in less than 2years

so atilla,
never say never
70-100 pips a day on average is pretty huge.... we dont talk about scales here, we talk about standard pips...

anyway 30 a day on average are absolutely enough to make a fuckin nice living out of this business
Hero calls followed by margin calls...
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