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Proof That Ultra Profitable Trading Is Indeed Possible

  • #41
  • Sep 26, 2012 8:10am Sep 26, 2012 8:10am
I've Just bought eurusd
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  • #42
  • Sep 26, 2012 10:17am Sep 26, 2012 10:17am
What happened................. Where is the trade explorer?..........BOOM?

They say "You fall only if you ride". I got five or six margin calls on my demo explorer. This is part of the game.

I think 1:10 risk/reward has better success chance. Let's try with that.
The Thief of Wall Street
  • #43
  • Sep 27, 2012 8:00pm Sep 27, 2012 8:00pm
Supertrader,

Is this a new explorer of a live account?

Where are you for the past few days?
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The Thief of Wall Street
  • #44
  • Sep 27, 2012 8:18pm Sep 27, 2012 8:18pm
Quoting Chicky
What happened................. Where is the trade explorer?..........BOOM?

They say "You fall only if you ride". I got five or six margin calls on my demo explorer. This is part of the game.

I think 1:10 risk/reward has better success chance. Let's try with that.
I am currently trying to finish my system...its almost finish but had to tweak many things including optimising. I will start a new live trading account once i finish. Stay tuned
  • #45
  • Sep 27, 2012 8:47pm Sep 27, 2012 8:47pm
Quoting Supertrader9
I am currently trying to finish my system...its almost finish but had to tweak many things including optimising. I will start a new live trading account once i finish. Stay tuned
Good to hear from you bro.

Make sure you complete your homework before resuming. No need to hurry. Do let us know what you learned from previous experience or if you feel like having a concuring opinion.
The Thief of Wall Street
  • #46
  • Sep 28, 2012 11:22am Sep 28, 2012 11:22am
Quoting Chicky
Good to hear from you bro.

Make sure you complete your homework before resuming. No need to hurry. Do let us know what you learned from previous experience or if you feel like having a concuring opinion.
Yes, am trying to strengthen my mental...emotion control is a must if i want to succeed. I am a fairly good trader but emotion made me an account blower. I am trying to set some rules so i don't overtrade. Setting up rules is easy but following them is hard. Hence, i need the rules to be very logical so my mind/emotion don't try to outsmart myself..hehe Many traders will give up thinking they had given it all...but mark my word they had not. Period! If you think you had given your all but still fail you don't belong up there. To be successful in trading you would need to give your all consistently until you reach a point where not working hard and studying etc doesn't feels right. If you want to be successful stay foolish.
I believe successful trading has many levels/variations...some consider themselves to be successful when making 20% per year on a 100k account..some less and some..more.. Go for something you know you want. Something you are passionate about. Some short term some medium and the rest...Just go and do a research on what you believes in.

I aspire to be among the best short term trader in the world. Somebody like Paul Rotter comes to mind. Everything i need are already in front me. I just need to take it. Simple but not easy.

-A Supertrader
  • #47
  • Sep 28, 2012 11:26am Sep 28, 2012 11:26am
A Question:

Does anyone here believes a scalper(taking 2-6pips) can be a successful trader?

Does anyone have any information regarding succesful scalpers?

To date i have only heard about Paul Rotter.
  • #48
  • Sep 29, 2012 10:01pm Sep 29, 2012 10:01pm
The only standard for research and work was "the world class." You had to strive to be among the best in the world, or else it did not pay to try.

-Nikolai gorbunoff
  • #49
  • Sep 30, 2012 12:54am Sep 30, 2012 12:54am
Quoting Supertrader9
A Question:

Does anyone here believes a scalper(taking 2-6pips) can be a successful trader?

Does anyone have any information regarding succesful scalpers?

To date i have only heard about Paul Rotter.
Don't listen too much of what he says. He flips big orders. Creates demand and then sells. Creates supply and then buys. Sometimes gets trapped.
The Thief of Wall Street
  • #50
  • Sep 30, 2012 4:59am Sep 30, 2012 4:59am
Quoting Supertrader9
I am currently trying to finish my system...its almost finish but had to tweak many things including optimising. I will start a new live trading account once i finish. Stay tuned
Why is your Trade Explorer not viewable anymore? I thought you could successfully double any demo account and did it many times? Why hide the Trade Explorer now?
No longer trading forex. Looking for full time job.
  • #51
  • Sep 30, 2012 5:03am Sep 30, 2012 5:03am
Quoting Supertrader9
A Question:

Does anyone here believes a scalper(taking 2-6pips) can be a successful trader?

Does anyone have any information regarding succesful scalpers?

To date i have only heard about Paul Rotter.
There is a commercial service by Kevin Lowry, hosted at CompassFX. He uses tight stops of between 4pips to 10pips (at most) and scored very high percentage winners. His first Take Profit is between 6pips to 12pips so that qualifies as scalper.

http://compassfx.com/kevin/replay/saturday.html
http://compassfx.com/kevin/replay/wednesday.html
http://compassfx.com/kevin/replay/
http://compassfx.com/kevin/
No longer trading forex. Looking for full time job.
  • #52
  • Sep 30, 2012 5:12am Sep 30, 2012 5:12am
Cost: $3,500
I just love it.
By all reckoning, that is a great "trade" (:
  • #53
  • Edited 8:19am Sep 30, 2012 7:30am | Edited 8:19am
One of the best...well there are so many type of successful traders..One of them is Dan Zangers. Great insights on trading..Listen how he said the learning period was brutal! That was almost exactly the same thing for me...Its just that it was more brutal for me, literally..

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  • #54
  • Edited 7:50am Sep 30, 2012 7:35am | Edited 7:50am
Chicky: Alright sir

mmaker: I will start a live probably by next week...kind of nervous though...FYI, i have developed a scalping system as well as a day trading 30pip thingy..I am looking at probably 10% per day risking about 3% per trade or less.

Mingary: I advise not buying any expensive system..heck don't buy any system at all.but if the trader is very very successful and shows his live trading account then probably yes.
  • #55
  • Sep 30, 2012 8:31am Sep 30, 2012 8:31am
Quoting Supertrader9
Chicky: Alright sir

mmaker: I will start a live probably by next week...kind of nervous though...FYI, i have developed a scalping system as well as a day trading 30pip thingy..I am looking at probably 10% per day risking about 3% per trade or less.

Mingary: I advise not buying any expensive system..heck don't buy any system at all.but if the trader is very very successful and shows his live trading account then probably yes.
All the best supertrader...

Its definitely possible .
Have plain simple approach .
Dont complicate .
Follow your plan and there are doors of regular and consistent money will open to you.
Dont give up --no matter what..
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #56
  • Sep 30, 2012 10:33am Sep 30, 2012 10:33am
Thank you Anup

Yes, it is definitely possible. Anything is possible if you put your mind to it. God willing.
  • #57
  • Sep 30, 2012 1:42pm Sep 30, 2012 1:42pm
Quoting Supertrader9
Yes, am trying to strengthen my mental...emotion control is a must if i want to succeed. I am a fairly good trader but emotion made me an account blower. I am trying to set some rules so i don't overtrade.-A Supertrader
Addiction is a difficult thing to overcome on your own. As a suggestion try this:
You shouldn't need to place more than three trades max daily.
Place three (3) items (salt shakers, coins, coffee mugs, etc.) on your trading desk, either right or left side. At the initiation of each trade, move one item to the other side of your desk. At the completion of placing your third trade (including target and stop loss), stand up, push your chair in, turn away from your desk and leave for 1/2 an hour. Set a timer if need be, but get up and leave. Think about something else - exercise, go for a walk, call a friend, whatever. At the end of the 1/2 hour, come back to your chart and look at your trades. Take the time to analize what went right and what went wrong. Be sure to write these things down! and leave them for the next day. Read them as though you are having a discussion with a teacher before you begin the next trading day cycle.

If you can do this you will 1)start controlling your overtrading and 2) become a much stronger and consistant trader.

Best wishes to your continued success, grasshopper.
  • #58
  • Sep 30, 2012 1:52pm Sep 30, 2012 1:52pm
Quoting mgsterling
Addiction is a difficult thing to overcome on your own. As a suggestion try this:
You shouldn't need to place more than three trades max daily.
Place three (3) items (salt shakers, coins, coffee mugs, etc.) on your trading desk, either right or left side. At the initiation of each trade, move one item to the other side of your desk. At the completion of placing your third trade (including target and stop loss), stand up, push your chair in, turn away from your desk and leave for 1/2 an hour. Set a timer if need be, but get up and leave. Think about...
Don't know why but I have a lot confidence in Supertrader. I think he will make it.

Super, just one advise based on lessons I have learned........... keep your initial investment as little as possible and trade with tight stoplosses. Market knows the rest.
The Thief of Wall Street
  • #59
  • Oct 1, 2012 5:06am Oct 1, 2012 5:06am
Mgsterling: Hi mgsterling, thanks for your advise. I have a system which needs that, the system takes about 30pips tp per trade. But i also have a scalping method which would have 10-20 plus trades per day

Chicky: Awww...thank you.. Yes chicky, i have set up rules so i may trade with a tight stop loss.
  • #60
  • Oct 1, 2012 5:09am Oct 1, 2012 5:09am
Made a mistake on the second trade...-_-
Phhhhh....need to focus..i need to be patient. Be disciplined! You are a supertrader!
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