Proof That Ultra Profitable Trading Is Indeed Possible

This is a discussion topic which would erase all thoughts that profitable retail traders are non existent or that traders were simply gamblers. I heard it from everyone even my parents. Just look at profitability statistics from brokers.

I will trade a demo account with 500k which you could log into and watch all my trades. I would be doing this just for a few weeks or maybe i'll stop after i double the account. It should be relatively quick. If you have hundreds of millions then liquidity is going to be a problem but on a 500k account ultra profitable trading results like this could be done in a relative short period. Probably less than two months. FYI, i trade eurusd exclusively.

Recently i had my lightbulb moment and i want to share it with all. Now, i can trade any kind of market range or trending because all that i do is trade the price. Its just the same thing...its all about reading orders in the market. I started trading on july 2010 but i have been enamored with the market so i have spent 20 hours per day studying the market for the past 1 year. I don't recommend anyone to do this, i took a break from university to focus on trading. I was a full time business student before i found the market. I would recommend for everyone to finish your study first as it is your plan b in case your trading can't take off. In my case, i have a problem focusing on studies because my passion for the market was too great. I have this great conviction. It was like love but its a rational thing to do. When i started i have nothing but passion.

Eventhough you have an almost perfect understanding/sytem...trading actually requires solid mental strength and it was the biggest obstacle for me. I still am confronting it everyday but i know with experience this would be lesser after a few more months.

I am not yet a successful trader well i'm still young but god willing i know i would make it in the nearest future.

Please post some comments/words of advise below. Also i need to know whether you all are interested to watch me trade. I probably will start tomorrow but i want to see some response first. Do you think it can be done?


Update: Started a live account on 1st October 2012..Owh gosh i am nervous..hahah ;D
Update: The account was depleted by 4th of october. I learned many things the last 4 days. Will not give up!
Update: I have restructured my system. I found that my mm needs to be fixed. I will risk 3.3% per trade. The account should not have big drawdowns as i have a fixed stop in place. If i lose i will lose about 3.3% of the account and if i win my account increase by about 3.3% per trade. There will be several trades per day(depending on market condition)

Update: I am sober. After a long time trying to make 100% per day now i finally am becoming a real trader. I will risk 3.3 or less per trade. Started the account today on 8th of October 2012. Hopefully i would attract a hedge fund or investors throughout the whole planet.

Update: Another account was depleted because of my greediness. Will not give up!

Update: I had another epiphany. Haha i don't how many time i have had this. Reading my previous update i cannot help but to chuckle as now i am again a believer that an ultra profitable trading is possible. 20% to 100% per day is very possible

Update: Although 20% to 100% per day is possible it is very hard to maintain plus the risk involved is huge. I won't try to do it with money i can't lose but anyway seriously it was a good education for me

Update: I don't want to call this an epiphany but i think i am able to control myself better now I will start trading a real live account tomorrow. Wish me luck!

Update: After some careful consideration...my mm per trade will be 2.3%(just slightly above the famous 2% rule).

18/11/2012. Update: I have reassessed my trading strategy and i will risk only 1% per trade. My aim is to reduce drawdown to less than 20%.

21/11/2012. Update: I will start fresh. This time mm will be fixed to 1% per trade. I want to start building a track record for my future. I just want to stop chasing false dreams 100% per day that is not sustainable. Maybe it could be done but just not for me. Trading safely is simple and carefree. I am a good trader just that my previous expectations was wrong. But hey i learnt a lot from all the failures. From now onwards its going to be good trading with good money management that will open serious investors eyes.

25/11/2012. Update: I have transferred my account to another broker. I will trade this account with 2% per trade.

2/1/2013. A new year. I am a skilled trader. Failed many times but it would be worth it. The new account started at 2/1/2013. This new account will be traded using a different approach. Never ever trade on high risk. If you don't manage your risk that is called gambling. This account is being traded at a higher risk than normal.

19/1/2013. Withdrawn and changed the account to reflect new low risk trading style. I had enough of holy grail dreaming. The new account will be traded using 5 currencies with 1:1 rr and 0.5% risk per trade. Every trade must be accompanied with sl and tp. I aim to decrease the drawdown to the absolute minimum. Will start next week on 21st january 2013.

21/1/2013. Made some improvements to the system. Will trade eurusd exclusively.

19/2/2013. A new system.

30/5/2013. Made a new account to reflect new settings/system

6/4/2015. Ultra Profitable trading.

I will be very impressed if you double a live account of $100 rather than a demo of 500k

I will be trading the account with tight SL...position will be trailed manually...no martingale nor crazy moonlight strategy

You can do anything you want (martingale or rolling a dice...). Whatever you do, I will be impressed if you double a live account of $100. Demo is like shooting a beer bottle that never shoots back at ya

I would do that in the future..Lets start with demo first. Step by step yeah...I am publishing it to the public so the stress to perform would equal a real account trading. Thanks for your suggestion and comment

P/s I am trading the smaller tf.

i like your dedication towards this job. but i will never ever start with a lot of money to trade. extensive demo and after that a small acount. it is way better to make something small huge than make something big small. overtrading undercapitalization is bullshit from my poitn of view. what is important is to find something that works in the market and that's the hardest part.

If you can double your account trading your plan in a way that avoids risk of ruin then I would be very interested in seeing it done. Especially if I can glean some new insights or ideas from seeing it done.

I wouldn't bother waiting to see peoples interest levels though. Just do it, and if it becomes something worth following then people will follow your thread. And if it all blows up then so what, nobodies lost anything.

Thanks jambolya, I will start today. Make some comments later ya. I would risk 2-4% per trade.

Deltatrade: Follow my trades and you will understand why. My R:R usually would be much more than 1:1. I trail my position manually.

I am desperate to show what i can do..hence i trade bigger lots but i don't gamble.

Nice recovery, I'm keeping an eye on this thread. Hope the equity curve keeps going up.

Thanks ya jambolya for your kind words. Yes i am going to trade the account for a while..am going to pause trading for a few days...currently am revising a few stuff about my system. Probably going to resume early next week.

I trade the price not indicators.

I haven't really had time to trade...but still i did some

There's a big difference b/w trading on Live and trading on demo....im not talking abt slippages,spreads or executions bt Mental psycology .....gambling on rel money is a lot difficult than playing a Poker game on PC...

Hmmm...in a way i do agree but if you can do demo with discipline then real would be the same..Don't gamble in demo...i know how it felt to trade with real money...well i've had my fair share of losing it in the market...i will trade live again soon and publish a journal here on ff...right now i am still finalising my research on my new 'understanding of the market'...In a few weeks i will start a live account.. Cheers

P/s The new account is going to be a lot better. Its going to be a live account not a demo like this one

Your trading record certainly is impressive. But some of the trades tracked by Trade Explorer are questionable. Your account started 14 days ago at $540,350 right? But the Trade Explorer showed balance at beginning of only $488,250 after a 6.5pips loss. Also, there were some long trades that were closed in the middle of nowhere on the charts.

Okay it was like this, I started the account thinking i have completed my system but after several days i had an epiphany and started to do some experiments. Right now i am still working on things. Observing the price for example.

I think something is wrong with the Trade Explorer tracking. Some of your trades were closed at a price that was never seen by the chart.

Hmmm...interesting. Not sure about that.

I disagree completely - if you can't trade a demo in the way supertrader9 is attempting to do - you have no basis really trying to trade cash. The mentality is the same. What you need is self assurance that your approach works and it will not matter whether it is cash or demo. I would encourage the approach the young man has adopted.

BTW: That is what I did after losing over $20k cash - went back to demo, treated it like cash and mastered my emotions, techniques and market theory. The idea that demo trading is different than trading cash is cliched and usually does not address the specific context of what the trader is trying to achieve or master. Good luck supertrader9 I think you will do just fine - all you got to do when you move over to cash is to scale order size to capital using the successful demo approach and with the same mindset trading demo (sustained) you should do just fine.