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Proof That Ultra Profitable Trading Is Indeed Possible

  • #241
  • Nov 6, 2012 1:16pm Nov 6, 2012 1:16pm
Quoting Supertrader9
I traded a demo exactly how i planned to trade the real account(high risk) and it was a disaster.....Luckily i haven't commit any real trading capital....

So now lets go back to basic...I plan to trade this account conservatively using 3% per trade and i know this works
You may watch my account at the first page. I have just added the myfxbook widget. You won't see the dangerous drawdown anymore as i am using a stop loss.
Keep it up!
  • #242
  • Nov 6, 2012 5:50pm Nov 6, 2012 5:50pm
[quote=Supertrader9;6165776]Yes, i have made an extensive research on inside bars............................


i have noticed so many of my trades and trades of other people nearly always happen around inside bars, so i guess they are good pointers. the daily bars continuing the trend are very good.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #243
  • Nov 6, 2012 11:08pm Nov 6, 2012 11:08pm
Quoting Supertrader9
So now lets go back to basic...I plan to trade this account conservatively using 3% per trade and i know this works
You may watch my account at the first page. I have just added the myfxbook widget. You won't see the dangerous drawdown anymore as i am using a stop loss.
This is great inspiration for me, thanks for sharing your live account tracking. Good Luck!!
http://www.myfxbook.com/members/supe...rtrader/418575
No longer trading forex. Looking for full time job.
  • #244
  • Nov 7, 2012 12:13am Nov 7, 2012 12:13am
Firstly, I love your determination. Keep going. The one thing I will say is, and I cannot reference exactly who or where this pearl came from but several notable systematic traders have stated that risking anything above 2% at some point will bring your account to financial ruin if its a fairly active system. But if you are trying to prove you can double your account in a matter of months then obviously with that ps you could do it, even with a fairly benign trading system. But if you are long term you will likely have to ratchet it down slightly. Good luck.
  • #245
  • Nov 7, 2012 1:11am Nov 7, 2012 1:11am
bullbear: Thanks bullbear
billytt: thanks for that info
mmaker: Yeah you asked for it and you got it
trendtech01: Thanks trendtech01, i agree with that 2% or below is an optimal amount for most systems..the less the better actually. I will think about it. Thanks for reminding me trendtech
  • #246
  • Nov 7, 2012 3:44am Nov 7, 2012 3:44am
After some careful consideration...my mm per trade will be 2.3%(just slightly above the famous 2% rule). This time i am really serious about becoming one of the best trader in the world.

I would not be trading to make money but i will be trading to create a statement which in one year would enable me to manage billions of dollars. Then i would make money

You need to hone your skill by trading responsibly...one day it would be your nature to trade excellently.
  • #247
  • Edited 4:23am Nov 7, 2012 3:58am | Edited 4:23am
Quoting Supertrader9
After some careful consideration...my mm per trade will be 2.3%(just slightly above the famous 2% rule). This time i am really serious about becoming one of the best trader in the world.

I would not be trading to make money but i will be trading to create a statement which in one year would enable me to manage billions of dollars. Then i would make money

You need to hone your skill by trading responsibly...one day it would be your nature to trade excellently.
that should had been the mindset to adopt and build from start . There's no point to make money by risking your own money everytime to expose your risk for gains.The rich people make money by using other's money. So ye, build a steadiness in your trading ethics and rules of trading, with consistency and professionalism, one day your aspiration may come true.
  • #248
  • Nov 7, 2012 4:29am Nov 7, 2012 4:29am
Quoting 5percent
that should had been the mindset to adopt and build from start . There's no point to make money by risking your own money everytime to expose your risk for gains.The rich people make money by using other's money. So ye, build a steadiness in your trading ethics and rules of trading, with consistency and professionalism, one day your aspiration may come true.
Yes i agree...without the correct mindset...a trader would never succeed. Thanks probably in one year if i can consistently make profits i am sure many would be fighting to have me as their money manaager. Haha..i should have thought like this earlier..well its alright as all the failures and the downs and the drawdowns...have made me become a better trader.

I believe all of my effort was not in vain as it has taught me so many things about trading and life
  • #249
  • Nov 7, 2012 4:40am Nov 7, 2012 4:40am
Quoting Supertrader9
Yes i agree...without the correct mindset...a trader would never succeed. Thanks probably in one year if i can consistently make profits i am sure many would be fighting to have me as their money manaager. Haha..i should have thought like this earlier..well its alright as all the failures and the downs and the drawdowns...have made me become a better trader.

I believe all of my effort was not in vain as it has taught me so many things about trading and life
every trader have their own PPEE.

Personality, Psychology, Emotions and Experience.

Through these they develop and grow.
  • #250
  • Nov 7, 2012 6:18am Nov 7, 2012 6:18am
Even by risking 2.3% per trade you can make crazy amount of money when compounded. Just chillax
  • #251
  • Nov 7, 2012 7:49am Nov 7, 2012 7:49am
Hey Supertrader9,

Could you show us how you trade? With charts and examples and such? What you look for etc.....?
  • #252
  • Edited 4:16pm Nov 7, 2012 11:59am | Edited 4:16pm
Quoting jambolya
Hey Supertrader9,

Could you show us how you trade? With charts and examples and such? What you look for etc.....?
It was nothing more than a simple price action....I just trade with the trend..If it is going down i only trade down and if it is up i trade up. You can only do it if you have watched price action long enough. You can practise by just watching the timeframe of your choice..like 1m, 5m, and 15m. Use 20 and 50sma as reference point.
  • #253
  • Nov 7, 2012 4:37pm Nov 7, 2012 4:37pm
[quote=Supertrader9;6173419]It was nothing more than a simple price action....


it is as simple as that, you mention a referance point and that is necassary to gauge your trade entry and it can be what ever yiou decide ie an old resistance/support line, moving average and then go where ever the market goes or even set a trigger and go. I f you keep your head you'll go places and do not be put off by some of the people who may visit here. Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #254
  • Nov 7, 2012 9:44pm Nov 7, 2012 9:44pm
[quote=billytt;6174214]
Quoting Supertrader9
It was nothing more than a simple price action....


it is as simple as that, you mention a referance point and that is necassary to gauge your trade entry and it can be what ever yiou decide ie an old resistance/support line, moving average and then go where ever the market goes or even set a trigger and go. I f you keep your head you'll go places and do not be put off by some of the people who may visit here. Take care
Thanks

P/s Its all about the mindset.
  • #255
  • Nov 8, 2012 7:16pm Nov 8, 2012 7:16pm
http://www.myfxbook.com/members/supe...rtrader/418575

Hmmm, deja vu?
Fuck Forex Factory.Wake up people.
  • #256
  • Nov 8, 2012 10:14pm Nov 8, 2012 10:14pm
Quoting ramy3
http://www.myfxbook.com/members/supe...rtrader/418575
Hmmm, deja vu?
Only -16% down, that's reasonable drawdown. What about you? Where is your myfxbook or TradeExplorer? I think armchair experts and demo trading wisemen should just let him do his thing. He will tell us his summary and conclusions.
No longer trading forex. Looking for full time job.
  • #257
  • Nov 8, 2012 10:32pm Nov 8, 2012 10:32pm
Quoting mmaker
Only -16% down, that's reasonable drawdown. What about you? Where is your myfxbook or TradeExplorer? I think armchair experts and demo trading wisemen should just let him do his thing. He will tell us his summary and conclusions.
why can't people judge when it's all laid out in the open TO BE judged? here is some 'supertrader' showing everyone 'proof that ultra profitable trading is indeed possible', yet so far no proof has been shown and the trader is definitely not super. all we've seen is another gun-ho newcomer busting accounts while they learn with followers following hoping for the best.

your posts are decidedly desperate. you badly want the hype to be true, despite all evidence to the contrary, to the point that it doesn't matter how many accounts get blown and how bad the drawdowns get you will keep the faith. if you want to learn how to bust an account you can learn from yourself. you don't need 'super' traders to show you how it is done.

i'm all for people aiming for the stars, but this isn't going to end well and surely most people can see this. don't start this "where's your trade explorer" argument when you don't even have one of your own. open your eyes and stop being so gullible and desperate. it would have been great if supertrader was super and did in fact show some great returns, but it was clear from the start and has shown to be true that what was being 'sold' here was just hopes and dreams.

good luck supertrader, but people need to steer clear of you for at least a few years until you find your feet. i won't be posting here anymore, but this nonsense post from mmaker couldn't go unchallenged.
Congratulations ScalaFX for coming out of the closet!
  • #258
  • Edited 10:43pm Nov 8, 2012 10:32pm | Edited 10:43pm
Quoting mmaker
Only -16% down, that's reasonable drawdown. What about you? Where is your myfxbook or TradeExplorer? I think armchair experts and demo trading wisemen should just let him do his thing. He will tell us his summary and conclusions.
though there's no right or wrong in a person's trading, but here's my view.

1) he's responsible and willing to take losses as his equity and balance are intact when it move up and down, this shows responsibility and never marrying a trade.
2) Impulsiveness on leverage, as his trade history are private it's very hard to analyze, on how many trade as he taken or lot size etc, maintaining risk loss per time/day is quite important. -> losses probably due on thursday us session due to volatility and fundamental, which may cause him to be emotional or using tighter stop loss that can be hit easily.

it's good that he have the aspiration to keep improving and learning, but still one have to manage his expectation better whether its a account to make money everyday or an account to prove consistency/portfolio. I saw this one trader sharing his 365 days of history on an online copier platform community, his trade were 0.01 merely as his account were small, and the cool thing is this guy have the patience to build even a 10 cents per pip account and he never leverage it and willing to take it slow and gradually, soon his pamm account got more investors flowing in with big bucks, and he continue to perform consistently.

on an investor point of view of smart investor, i always gave that this advice, if u ever invested $1000.00 with someone [ a trader ], if he can grow the money, let it be, but keep track of floats and equity, but as soon as the dd is more than 20%, the investor must immediately break ties with the trader. As it's no longer smart or ideal to invest with someone else when your $1000 is reduced to $800, it's a sign to pull out for risk trading. for instance, a $1000 can become a $500 or even $0 once the trader refuses stop loss for margin call, how much more % to gain back? in order to get back to initial capital sum.

i have seen many pamm trader failing after 6 months of consistency due to greed and emotion control, to protect the profits they sinked deeper and endanger all their client's money, that are normally few hundred thousands.

advice: If super trader had a hard stop of 100% equity from his initial 10% gain, he could step out and relax awhile to clear his mind and come back for trading, never try to protect the profits and endanger your account.

quoted: from an online source about money management, dunno if the calculation is true, but here are the ideas/opinions.
Quote
Poor position sizing can kill your account. Risk too much on any given trade and it could be impossible to recover. I've been down this road before and the reasons for this were inexperience and greed. If you were to open a $1000 trading account and you lose $200 on your first trade, this would be a 20% drawdown. The percentage gain you need to recover from this loss is a possibly manageable 25%. But if you were to lose $400 on your first trade, or a 40% drawdown, you would need a 66.7% gain to recover from this loss. This information may be trivial and known by many, but the extent isn't quite noticeable until you see the following table. Losses beyond 50% require "huge, improbable gains in order to get back to even."
Recovery after Drawdown
Drawdowns, %Gain to Recovery, %
5| 5.3
10| 11.1
15| 17.6
20|25.0
25| 33.0
30| 42.9
40| 66.7
50| 100.0
60| 150.0
75| 300.0.
  • #259
  • Nov 8, 2012 11:28pm Nov 8, 2012 11:28pm
Quoting nubcake
why can't people judge when it's all laid out in the open TO BE judged? here is some 'supertrader' showing everyone 'proof that ultra profitable trading is indeed possible', yet so far no proof has been shown and the trader is definitely not super. all we've seen is another gun-ho newcomer busting accounts while they learn with followers following hoping for the best.

your posts are decidedly desperate. you badly want the hype to be true, despite all evidence to the contrary, to the point that it doesn't matter how many accounts get blown and...
You're just another one of those "experts" who dare not show any myfxbook or TradeExplorer or it will look just like SuperTrader9, talks alot in other people's thread but nothing to show in real life. You can't trade but you sure can talk alot. What's so big deal about a -16% drawdown? Where is your myfxbook or TradeExplorer? If you've also blown many accounts then just be humble and learn. Just a while ago Supertrader9 was giving "advice" all over the forum ...... that is, until he had to show us his live trades. You are no different.
No longer trading forex. Looking for full time job.
  • #260
  • Nov 8, 2012 11:30pm Nov 8, 2012 11:30pm
Quoting 5percent
i have seen many pamm trader failing after 6 months of consistency due to greed and emotion control, to protect the profits they sinked deeper and endanger all their client's money, that are normally few hundred thousands.
Where can you see other people's PAMM accounts?
No longer trading forex. Looking for full time job.
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