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  • #221
  • Edited 3:23pm Feb 11, 2013 2:15pm | Edited 3:23pm
Quoting TPOTrader
So i think mmaker is right-even if he loses-he's actually profitable-then maybe that would signal him to be more conservative. But to each his own i guess.
Very often we see things from our own perspective. If I can only make 20% a year, then it is inconceivable that someone can make 100% in one month, that guy must be a "cowboy". The guy is not stupid, he withdrawn $100K profits at the end of the year. So now he is trading on free money. And he kept a detailed log of his trades and P&L accounting on spreadsheet, and he explained all his trades on blog, blow-by-blow for years. How many of the regular traders who criticize him will even do that?

Anyway I'm not here to sell his service or defend his record. I guess I talk too much. Bye.

(Just to be clear, since most people don't bother to know him. That "48%" is his way of calculating month-to-month performance. He was actually up 390% by Nov from his initial $100K. After that disastrous "48%" loss, he was still up 201%. Everything is relative.)
No longer trading forex. Looking for full time job.
  • #222
  • Feb 11, 2013 2:18pm Feb 11, 2013 2:18pm
LOL mm, are you his mum!
  • #223
  • Feb 11, 2013 2:25pm Feb 11, 2013 2:25pm
Quoting PeterE
LOL mm, are you his mum!
Going into personal attack mode? More abusive language to come? I did not bring up this guy's records, TPOTrader did.

If TPOTrader's intention was to ridicule him, then I guess I'm on the wrong thread. My bad. You are right then, he's a cowboy and he will lose everything soon.
No longer trading forex. Looking for full time job.
  • #224
  • Feb 11, 2013 4:55pm Feb 11, 2013 4:55pm
Lol

asked the dude about which broker he trades with

"The account in the blog is a model account with a nominal starting value of $100,000 as explained in the Performance page. My actual account is smaller. However the trades executed and the percentage profit/loss is the same"


well that was anti climactic....
NocturnalFX is no longer offering commercial services
  • #225
  • Feb 12, 2013 8:42am Feb 12, 2013 8:42am
Can somebody invest in me 150k-200k?

I feel like I'm wasting my time doing this signal service.

Maybe my business model is jacked up-cause I have multiple trading signals available-so my subscribers are spread out everywhere.

I'm not getting the payback that I want.

tradeslide is slow as shit. Rapa doesn't pay shit..
NocturnalFX is no longer offering commercial services
  • #226
  • Edited 9:25am Feb 12, 2013 8:50am | Edited 9:25am
I actually thought you would get a lot of subscribers, through your offerings at various sites. Not that your subscribers are spread out everywhere but rather you have presence at many places, so you should be getting tons of interested investors. I guess most are not big money but the quantities should make up for the individual amount.

Just wondering, all these popular threads run by 10+ vouches gurus (with no TradeExplorer or Myfxbook) have more attention than yours. Maybe giving advice and teaching how to trade for free and claiming to be wise "I've-seen-it-all", will attract followers more.

Quoting TS Owl
BTW in case you're wondering: good trading to us is not 100.000% return through 30 lucky gambles - but 10% yearly returns with 200 trades 2% worst drawdowns
There are some conventional wisdom and oft-repeated cliches that need to be overcome, before big money or their agents will look at you. Like you should not risk more that 2% per trade, or your Myfxbook must be less than 10% drawdown, or your system must have Stop Loss, and I'm sure many other advice that won them 10+ vouches. From the quote, looks like TradeSlide is leaning on conservative drawdown model like RAPA Cap Intro. Anyone who makes 30% a week is "red flag" or "alarm bells".
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No longer trading forex. Looking for full time job.
  • #227
  • Feb 12, 2013 8:57am Feb 12, 2013 8:57am
Quoting mmaker
I actually thought you would get a lot of subscribers, through your offerings at various sites. Not that your subscribers are spread out everywhere but rather you have presence at many places, so you should be getting tons of interested investors. I guess most are not big money but the quantities should make up for the individual amount.
yea mostly they're not big money. And the number of subscribers are only about 20 across all services..guess i have to give this more time.
NocturnalFX is no longer offering commercial services
  • #228
  • Feb 12, 2013 9:53am Feb 12, 2013 9:53am
Take a look at this vendor, started off well with $250/mth subscription to signal service and minimum investment amount of $10K in PAMM. But after two months of explosive results ..... now clients are asking for refunds.

http://www.myfxbook.com/members/priv...account/444192
http://www.myfxbook.com/members/privateforextrad
No longer trading forex. Looking for full time job.
  • #229
  • Feb 12, 2013 10:36am Feb 12, 2013 10:36am
Quoting mmaker
I actually thought you would get a lot of subscribers, through your offerings at various sites. Not that your subscribers are spread out everywhere but rather you have presence at many places, so you should be getting tons of interested investors. I guess most are not big money but the quantities should make up for the individual amount.

Just wondering, all these popular threads run by 10+ vouches gurus (with no TradeExplorer or Myfxbook) have more attention than yours. Maybe giving advice and teaching how to trade for free and claiming to...
that's the thing about being a signal provider. The Client has the power to modify their position size to fit their risk tolerance. It doens't matter what I risk. If i'm comfortable with 30% drawdown, it shouldnt deter investors because they can adjust it to be 15% or 10% or whatever they want.

But teaching is definitely not for me cause
1. i am very impatient with others
2. i'm a trader- period. Teaching others to trade nullifies that title in my opinion.

But I think there will be a few changes to my service in the future - i just want to give it few more months. Get these guys hooked and convinced that I am one of the better traders out there..
NocturnalFX is no longer offering commercial services
  • #230
  • Feb 12, 2013 10:48am Feb 12, 2013 10:48am
Quoting TPOTrader
But I think there will be a few changes to my service in the future - i just want to give it few more months. Get these guys hooked and convinced that I am one of the better traders out there..
If that service can manage to get clients to pay $250/mth for signal service, then why are you not doing the same to earn more per subscriber? Rather than go through the trade copier / trade mirror outlets, which I assume is paying you much less.
No longer trading forex. Looking for full time job.
  • #231
  • Feb 12, 2013 11:08am Feb 12, 2013 11:08am
Quoting mmaker
If that service can manage to get clients to pay $250/mth for signal service, then why are you not doing the same to earn more per subscriber? Rather than go through the trade copier / trade mirror outlets, which I assume is paying you much less.
yup i could always increase my price on MQL5. For now i would treat this $20/month as introductory rate. Will need to see in the next few months how popular i am. Then BAM! rate change--hopefully i don't scare them off.
NocturnalFX is no longer offering commercial services
  • #232
  • Feb 12, 2013 11:12am Feb 12, 2013 11:12am
Beautiful looking growth.

wish my peformance will look as good down the road..

http://www.myfxbook.com/members/itic...sor-tfot/65539
NocturnalFX is no longer offering commercial services
  • #233
  • Feb 12, 2013 1:59pm Feb 12, 2013 1:59pm
Another boring day at work..sooooo

Minitab time!

I-MR and descriptive statistics of pips gain/loss since start of trade explorer

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NocturnalFX is no longer offering commercial services
  • #234
  • Edited 2:43pm Feb 12, 2013 1:59pm | Edited 2:43pm
In 3 to 5 years time mm, you will have either given up trading completely, or matured in your understanding of risk and return…..i speculate it will be the former, but if it is the later, speak to you then. Adios!


Quoting mmaker
There are some conventional wisdom and oft-repeated cliches that need to be overcome, before big money or their agents will look at you. Like you should not risk more that 2% per trade, or your Myfxbook must be less than 10% drawdown, or your system must have Stop Loss, and I'm sure many other advice that won them 10+ vouches. From the quote, looks like TradeSlide is leaning on conservative drawdown model like RAPA Cap Intro. Anyone who makes 30% a week is "red flag" or "alarm bells".
  • #235
  • Feb 12, 2013 2:19pm Feb 12, 2013 2:19pm
Broke down pips into positive pips (pipspos) vs negative pips (pipsneg) (change to absolute numbers for capability analysis).

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not quite 1.33 capability...
NocturnalFX is no longer offering commercial services
  • #236
  • Feb 13, 2013 8:12am Feb 13, 2013 8:12am
Quoting TPOTrader
Beautiful looking growth.

wish my peformance will look as good down the road..

http://www.myfxbook.com/members/itic...sor-tfot/65539
looks like you are doing very well. I wonder how everyone manage to perform well under this manipulated market for the last few weeks.

Anyways, good perfomance and keep up the good work buddy
I will become the World's best at my own style
  • #237
  • Feb 13, 2013 8:24am Feb 13, 2013 8:24am
thanks celente.

Just grinding the trades and just hoping for the edge to keep playing out. It's actually been somewhat slow compared to last couple of months.

i'm not sure about the manipulation-it's not like it's an OTC pink sheet stock. It's forex.

Hopefully we don't get too confident and get smacked by mr market. He's payin us...we be good now ya hear?
NocturnalFX is no longer offering commercial services
  • #238
  • Feb 13, 2013 3:46pm Feb 13, 2013 3:46pm
As far as I can remember- I always like to procrastinate.

This is more pronounced when I'm at work-I always try to do things closer to the deadline.

"There's more than one flavor of procrastination. People procrastinate for different reasons. Dr. Ferrari identifies three basic types of procrastinators:
arousal types, or thrill-seekers, who wait to the last minute for the euphoric rush.
avoiders, who may be avoiding fear of failure or even fear of success, but in either case are very concerned with what others think of them; they would rather have others think they lack effort than ability.
decisional procrastinators, who cannot make a decision. Not making a decision absolves procrastinators of responsibility for the outcome of events.

I'm basically an arousal type procrastinator. I prefer it when I know that I'm working with a closer deadline. It gives me stronger purpose. SOmetimes i think that I'm more efficient and and produce better works when under pressure.

Funny things is, i don't procrastinate with paying bills (at least not most of the times). I guess the thought of the risk outweighs the need for arousal seeking.
NocturnalFX is no longer offering commercial services
  • #239
  • Feb 13, 2013 11:16pm Feb 13, 2013 11:16pm
Quoting TPOTrader
yup i could always increase my price on MQL5. For now i would treat this $20/month as introductory rate. Will need to see in the next few months how popular i am. Then BAM! rate change--hopefully i don't scare them off.
Maybe charging $250/mth is not a good idea anymore. The BEST and MOST profitable strategy just didn't work anymore and the company ran out of money to refund clients.

http://www.myfxbook.com/members/priv...account/444192
No longer trading forex. Looking for full time job.
  • #240
  • Feb 14, 2013 3:21am Feb 14, 2013 3:21am
Quoting mmaker
Maybe charging $250/mth is not a good idea anymore. The BEST and MOST profitable strategy just didn't work anymore and the company ran out of money to refund clients.

http://www.myfxbook.com/members/priv...account/444192
charging $250 is not the problem-it was offering the possiblity of refunds. I mean seriously-you're basically assuming all the risk and the clients are in win-win situation.

I understand that you always need to treat the clients right-but in the trading business- there is NO FREE LUNCH. Refunds is a VERY bad idea.

BUt i've made my decision regarding MQL5. I will announce the changes later this month.
NocturnalFX is no longer offering commercial services
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