Well you know.. this guy is a billionaire, by Americas standards...
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Disliked{quote} Yes pyramiding will work also...you are correct and it's like Rags and another trader mentioned the best trending instruments like the aussie silver gold etc are the best ones to catch... But even still though depending how good a pyramid trader you are and depending how you build it you can still get like 500 pips out a 100 pip run... the ones that are amazing to behold though are the ones where you can get like 2500 to 3000 pips off a 500 pip run...Ignored
Disliked{quote] It is not impossible, just highly improbable. My input is over, and I wish those who embark on the challenge the best of success. RTIgnored
Disliked{quote} It doesn't even need to be the rent money, it could be the $50 that is turned into a months rentIgnored
Disliked{quote} I have been a part of this community for what feels like a decade and in that time I have read more accounts and thread with the same topic and seen very few succeed, and some that have have seldom shown any proof.Ignored
DislikedThis assumes losses aren't consecutive...if you lose 2-3 times in a row, you'll be broke.Ignored
Disliked{quote} I think he adjusts to 50% of the new balance...so technically you'd never bust. Until lots are too small.Ignored
Disliked{quote} Lose 50% of $1000 - $500 loss Balance $500 Now risking $250 Need 200% of risk to make loss back Savvy?Ignored
Disliked{quote} Savvy what? Ninja made the comment that if you lose 2-3 in a row you'd be bust. 1,000 lose 50% 500 lose 50% 250 lose 50% 125 lose 50% etc. etc. You never bust, which was my point. If you win any of those with the 2:1 RR, you're back to your previous balance, not the original balance. I'm not endorsing, nor trashing the OP's strategy, just pointing out you wouldn't bust. SavvyIgnored
Disliked{quote} Savvy what? Ninja made the comment that if you lose 2-3 in a row you'd be bust. 1,000 lose 50% 500 lose 50% 250 lose 50% 125 lose 50% etc. etc. You never bust, which was my point. If you win any of those with the 2:1 RR, you're back to your previous balance, not the original balance. I'm not endorsing, nor trashing the OP's strategy, just pointing out you wouldn't bust. SavvyIgnored
Disliked{quote} I know I'm not here from the beginning but I wanna know how the 2:1 RR ratio will get anybody back to the previous balance ?Ignored
Disliked{quote} $1,000 balance. Risk 500 with a 2:1. If you win new balance is 2,000. if you lose 500. risk 250. If you win new balance is back to 1000. if you lose 250. risk 125. If you win new balance is back to 500. if you lose....Ignored
Disliked{quote} Im not saying it isn't possible to gain some traction, but the idea that you'll make a substantial amount just doesn't happen. There is, as I mentioned, a massive psychological hurdle to get over when you reach a certain money point, and if the point of the exercise is just to prove that you got to point B (what ever the figure maybe) before loosing it in successive looses is just gambling. Experienced traders with capital that have no emotional attachment to money because they already have it, may have success. There have been some in the...Ignored
Disliked{quote} I don't disagree with you, but you're missing the point. I emphasise that an experienced trader might make this work because this $50 account is a not the traders main account. If the trader is experienced and makes a good living annually from trading, then spending $50 on an improbable but possible venture, then where is the problem? If he/she hit's this 'wall', then so be it.......what was the cost?......$50!! It's got nothing to do with having an 'edge', or RR or anything.......it is simply a high risk, high gain adventure to see what...Ignored
DislikedRa2R, Thank you for the goldmine you have shared with us. I will definitely try this, Starting next Monday. You may have created a couple future millionaires with this thread. I am one, its just our eyes cant see it yet. In my mind its already truth.Ignored