Anyway ..... a little more
All the talk of 500%, 100%, 100 pips ....etc etc means nothing
The first step as a serious trader is to formulated your objectives/goals and the vehicle to realize those goals. And it will be different for each one depending on risk aversion and mental ability.
Your objectives must be more than $$$$. But lets us say you had a debt of 10000$ you wanted to pay off in 1 year. How could the forex and this system help.
Don't get fooled in believing you need large pip amounts because generally speaking traders who aim for say 100 pips have a stop of a similar amount.
Let me show you how with as little as making 4 pips per trading day you can pay the 10000$ in 1 year and have some change.
The example only compounds monthly in reality if you compounded daily it would be much more 
How many of you could trade to make only 4 pips a day and trade 3% of account?
Truth - most can't because of greed and ego (mental problem). 500 pips sounds a whole lot better!!! Remember the snail and the hare!. If you recollect the posts of FAVORITE - he(I presume) refused to say how much he made and his MM. He was helping us not get caught up in coveteousness and greed!
I think I said in previous post our strategy is PRESERVATION of capital and SELECTIVITY. (Both of these require mental strength as over-trading will eventually kill your account)
Now imagine if you have mastered PRESERVATION of capital and SELECTIVITY and you can reduce your stop to 8 pips
You could pay out the $10000 and have another $10000 for a holiday.
Listen guys --- somebody saying they made 9 pips on a trade means nothing unless you know the stop and % of account traded.
Never pay any attention quotes of 50 pips, 100 pips - it means nothing. The guy who made 4 pips for the day may very well have made the largest %%% and $$$ gain and is nearer to his objectives and goals.
Just my weekend edition which I believe is surely needed in this thread to provide balance and show that the average trader who does not the psychological strength or appetite for large risk
Anyway ......
FORGOT TO ADD: (maths
)
4 pip gain - 3% of account - 10 pip stop = 1.2% to account
4 pip gain - 3% of account - 8 pip stop = 1.5% to account
Using 240 trading days as per chart, theoritically compounding daily your balances would be $17,500 and $35,600 respectively.
WHO CAN SELECTIVELY MAKE 4 pips per day with a 10 pip stop and then close down the charts and live??
All the talk of 500%, 100%, 100 pips ....etc etc means nothing
The first step as a serious trader is to formulated your objectives/goals and the vehicle to realize those goals. And it will be different for each one depending on risk aversion and mental ability.
Your objectives must be more than $$$$. But lets us say you had a debt of 10000$ you wanted to pay off in 1 year. How could the forex and this system help.
Don't get fooled in believing you need large pip amounts because generally speaking traders who aim for say 100 pips have a stop of a similar amount.
Let me show you how with as little as making 4 pips per trading day you can pay the 10000$ in 1 year and have some change.
The example only compounds monthly in reality if you compounded daily it would be much more
How many of you could trade to make only 4 pips a day and trade 3% of account?
Truth - most can't because of greed and ego (mental problem). 500 pips sounds a whole lot better!!! Remember the snail and the hare!. If you recollect the posts of FAVORITE - he(I presume) refused to say how much he made and his MM. He was helping us not get caught up in coveteousness and greed!
I think I said in previous post our strategy is PRESERVATION of capital and SELECTIVITY. (Both of these require mental strength as over-trading will eventually kill your account)
Now imagine if you have mastered PRESERVATION of capital and SELECTIVITY and you can reduce your stop to 8 pips
You could pay out the $10000 and have another $10000 for a holiday.
Listen guys --- somebody saying they made 9 pips on a trade means nothing unless you know the stop and % of account traded.
Never pay any attention quotes of 50 pips, 100 pips - it means nothing. The guy who made 4 pips for the day may very well have made the largest %%% and $$$ gain and is nearer to his objectives and goals.
Just my weekend edition which I believe is surely needed in this thread to provide balance and show that the average trader who does not the psychological strength or appetite for large risk
Anyway ......
FORGOT TO ADD: (maths
)4 pip gain - 3% of account - 10 pip stop = 1.2% to account
4 pip gain - 3% of account - 8 pip stop = 1.5% to account
Using 240 trading days as per chart, theoritically compounding daily your balances would be $17,500 and $35,600 respectively.
WHO CAN SELECTIVELY MAKE 4 pips per day with a 10 pip stop and then close down the charts and live??
. should you have two 12 pip losses in a day (which can happen with more volatile pairs), you will have to work very hard the next six days to break even.
and 5% in the bank!
