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Proof That Ultra Profitable Trading Is Indeed Possible

  • #141
  • Oct 10, 2012 1:30am Oct 10, 2012 1:30am
I know today will be a difficult day to begin with - a good many of us have had to do the same on more than one occasion!!. You have your edge which will give your entries, my advice would be to turn off your account balance and concentrate on closing each one positively for the day, oh and don't try a 4pip stoploss - like a nasty little snappy dog -it'll keep biting you every time you put your hand out!!!.


doc
  • #142
  • Oct 10, 2012 3:17am Oct 10, 2012 3:17am
Quoting Dr.Scalpall
I know today will be a difficult day to begin with - a good many of us have had to do the same on more than one occasion!!. You have your edge which will give your entries, my advice would be to turn off your account balance and concentrate on closing each one positively for the day, oh and don't try a 4pip stoploss - like a nasty little snappy dog -it'll keep biting you every time you put your hand out!!!.

doc
Are you a profitable live account trader who gives advice?
No longer trading forex. Looking for full time job.
  • #143
  • Oct 10, 2012 1:09pm Oct 10, 2012 1:09pm
Quoting mmaker
Are you a profitable live account trader who gives advice?
Profitable live account trader - yes, advice only on the similarities between my experiences and the pain and angst shown by supertrader.

doc.
  • #144
  • Oct 11, 2012 11:00pm Oct 11, 2012 11:00pm
Quoting Dr.Scalpall
Profitable live account trader - yes, advice only on the similarities between my experiences and the pain and angst shown by supertrader.

doc.
Do you have Trade Explorer like SuperTrader9 or any publicly viewable myfxbook link? Demo or Live? It would be motivating to see how a profitable live account trader works.

For a while I was watching how AceFxTrader grew his account,
http://www.forexfactory.com/acefxtrader#68
No longer trading forex. Looking for full time job.
  • #145
  • Oct 12, 2012 1:16am Oct 12, 2012 1:16am
Quoting mmaker
Do you have Trade Explorer like SuperTrader9 or any publicly viewable myfxbook link? Demo or Live? It would be motivating to see how a profitable live account trader works.

For a while I was watching how AceFxTrader grew his account,
http://www.forexfactory.com/acefxtrader#68
I might well do it through the winter, Not sure if I want the agro of running a thread -nothing to prove and no inclination to try and attract the attention of big fund managers/banks etc.I will drop you a pm if I do it.


doc.
  • #146
  • Oct 12, 2012 6:39am Oct 12, 2012 6:39am
Quoting Dr.Scalpall
I might well do it through the winter, Not sure if I want the agro of running a thread -nothing to prove and no inclination to try and attract the attention of big fund managers/banks etc.I will drop you a pm if I do it.


doc.
I don't think big fund managers give a shit what people do with their accounts on these forums. Yes, you indeed get some pms from Nigeria or Azerbaijan asking if interested in managing small accounts and submit 100 years of profitable trading results.
The Thief of Wall Street
  • #147
  • Oct 12, 2012 7:48am Oct 12, 2012 7:48am
Quoting Chicky
I don't think big fund managers give a shit what people do with their accounts on these forums. Yes, you indeed get some pms from Nigeria or Azerbaijan asking if interested in managing small accounts and submit 100 years of profitable trading results.
No, they aren't actively looking in FF. But, if your track record is good enough, somebody will give you money to manage. The thing is that nobody cares about how well you do with a $500 account. Just like it's a whole new emotional game when you go from demo to live, it's the same thing when you go from $500 to whatever.
  • #148
  • Oct 12, 2012 1:49pm Oct 12, 2012 1:49pm
Quoting Smokeymar
No, they aren't actively looking in FF. But, if your track record is good enough, somebody will give you money to manage. The thing is that nobody cares about how well you do with a $500 account. Just like it's a whole new emotional game when you go from demo to live, it's the same thing when you go from $500 to whatever.
I don't know what fund managers look for, neither interested in managing someone's money, but one thing that I noticed about myself is that I cannot differentiate between a demo and live account or size of it. I trade a $10 account and $10,000 account at the same time without feeling a difference, maybe because I focus on equity percentage more than the account balance. Thinking that way has now become a habit. Everyone is different.

ps. Where is the owner of this thread? I guess still reading Trading in the Zone.
The Thief of Wall Street
  • #149
  • Oct 12, 2012 2:35pm Oct 12, 2012 2:35pm
Quoting Chicky
I don't know what fund managers look for, neither interested in managing someone's money, but one thing that I noticed about myself is that I cannot differentiate between a demo and live account or size of it. I trade a $10 account and $10,000 account at the same time without feeling a difference, maybe because I focus on equity percentage more than the account balance. Thinking that way has now become a habit. Everyone is different.

ps. Where is the owner of this thread? I guess still reading Trading in the Zone.
Hi chicky and all....

Hehe..yeah i have been making some deliberate effort to 'fix' my head...I will be trading a small live account probably starting next week. This account will be traded aggressively but of course with an already calculated risk.
  • #150
  • Oct 13, 2012 1:20am Oct 13, 2012 1:20am
Quoting Chicky
I don't know what fund managers look for, neither interested in managing someone's money, but one thing that I noticed about myself is that I cannot differentiate between a demo and live account or size of it. I trade a $10 account and $10,000 account at the same time without feeling a difference, maybe because I focus on equity percentage more than the account balance. Thinking that way has now become a habit. Everyone is different.

ps. Where is the owner of this thread? I guess still reading Trading in the Zone.
Interesting that you mentioned $10 account and $10,000 account. Did you always reset to these amounts by withdrawing profits? Because it wouldn't have stayed at $10 and $10,000 if you had traded them actively. For some people trading on Demo they always reset to $5000 or $25000 after a while when they destroyed the demo funds. But with live accounts it is either growing or losing. How can it stayed at $10 and $10,000?
No longer trading forex. Looking for full time job.
  • #151
  • Oct 13, 2012 1:21am Oct 13, 2012 1:21am
Quoting Supertrader9
Hi chicky and all....

Hehe..yeah i have been making some deliberate effort to 'fix' my head...I will be trading a small live account probably starting next week. This account will be traded aggressively but of course with an already calculated risk.
Will you be using that same $2400 (or $2000) live account? Please share the Trade Explorer. Exciting thread you have here.
No longer trading forex. Looking for full time job.
  • #152
  • Oct 14, 2012 8:07am Oct 14, 2012 8:07am
Quoting mmaker
Will you be using that same $2400 (or $2000) live account? Please share the Trade Explorer. Exciting thread you have here.
Aww..Thanks mmaker..I won't be sharing it for a while...but will let you know of the proggress. I will be trading on 1m and 5m.
  • #153
  • Oct 15, 2012 3:59am Oct 15, 2012 3:59am
Quoting Forexgogo
I will be very impressed if you double a live account of $100 rather than a demo of 500k
It's not that I would like to impress you but it's exactly what I'm trying to do So have a look http://www.forexfactory.com/showthread.php?t=387616

Regards.
Simplicity is the Ultimate Sophistication.
  • #154
  • Edited 8:21am Oct 17, 2012 8:04am | Edited 8:21am
I started trading a demo account today...haven't gone live yet since i think i need to championed the demo first. I have refined my system to be even more profitable. God willing.

I have added the myfxbook widget on the first page.

The account have 1:500 leverage and i am trading 0.1 for every 100usd. For lower leverage smaller position will be opened. For example, for 1:100 account 1 lot per 3000usd position will be opened.
  • #155
  • Oct 17, 2012 8:17am Oct 17, 2012 8:17am
The account was 5 hours old and i am up 29.23%
  • #156
  • Oct 18, 2012 11:37am Oct 18, 2012 11:37am
I will update my myfxbook results on the first page tomorrow.

Update: i have updated it.
  • #157
  • Oct 19, 2012 4:12am Oct 19, 2012 4:12am
Quoting Supertrader9
I will update my myfxbook results on the first page tomorrow.

Update: i have updated it.
Will you be showing on TradeExplorer?
No longer trading forex. Looking for full time job.
  • #158
  • Oct 24, 2012 11:12pm Oct 24, 2012 11:12pm
Quoting mmaker
Will you be showing on TradeExplorer?
Where is supertrader? I can see his account on the first page of this thread but not him. Hope I get to know his method and analyze his recent trades.
The Thief of Wall Street
  • #159
  • Oct 25, 2012 12:03am Oct 25, 2012 12:03am
Quoting Chicky
Where is supertrader? I can see his account on the first page of this thread but not him. Hope I get to know his method and analyze his recent trades.
I don't understand, he was able to double his demo account easily so many times, it's like riding a bicycle to him. But why can't he do it in live account? Isn't that the same method?
http://www.myfxbook.com/members/supe...rtrader/406600
No longer trading forex. Looking for full time job.
  • #160
  • Oct 25, 2012 12:55am Oct 25, 2012 12:55am
Quoting mmaker
I don't understand, he was able to double his demo account easily so many times, it's like riding a bicycle to him. But why can't he do it in live account? Isn't that the same method?
http://www.myfxbook.com/members/supe...rtrader/406600
I really can't understand what he is trying to do. With 1% r/r it would take ages for an account to show this kind of drawdown, no matter what the leverage is.

I think lets wait for him to explain what went wrong. Sometimes, profit/loss has nothing to do with trading. Like after investing several hours and significant amount to catch a move, we have to leave for few hours and miss the opportunity when it comes, losing all our investment.
The Thief of Wall Street
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