makes sense? {image}
Also keep in mind that he've been 'trading' [not so sure what's that by his definition] for 9 years
The single most important factor is having control of your own life.
Is it possible to earn 30% per month consistently for 4 years?
- #122
- Jan 14, 2014 11:17am Jan 14, 2014 11:17am
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} Dude nothing works all the timeBut just to show you a nice example with this CHF trade. Do you see the three zones where you'd enter? Trail all positions which would exited you at the blue line. That's about $2.500 profit risking about $200/trade On a $4k account that's 62% profit risking 5%/trade Ok let's say that you are wrong quite a few times before you cath this one....ok but let's say that in a month time you are also able to catch another one like that...makes sense? {image}
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #123
- Jan 14, 2014 11:41am Jan 14, 2014 11:41am
{quote} And you will many examples where you'd of turned a nice proft into a loss being greedy.
The single most important factor is having control of your own life.
- #125
- Jan 14, 2014 2:18pm Jan 14, 2014 2:18pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} I think I just helped a troll
Come on, who really adds to a winning position a few times and gets away with it!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #126
- Jan 14, 2014 2:55pm Jan 14, 2014 2:55pm
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
{quote} Mikkk01 is the troll!! Come on, who really adds to a winning position a few times and gets away with it!
_______________________
Anyway, i just want to say that 30% /month is possible, even more its possible if you have found the edge which tips the odds in your favor indefinetely, and can give you consistent profit forever.Probably 99% of the systems on this forum are worthless but if there is something that can bring consistent profit, then just adjust your LOT and risk size according to your tolerance level, and there you go, you can make as much money as you want.
And possibly 30% will be way too small.The sky is the limit guys
"There's a sucker born every minute" - P.T. Barnum
- #127
- Jan 14, 2014 3:01pm Jan 14, 2014 3:01pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} Just dont bother with his posts, he trolled probably every thread i saw already.Mikk is the biggest troll in the entire forum. _______________________ Anyway, i just want to say that 30% /month is possible, even more its possible if you have found the edge which tips the odds in your favor indefinetely, and can give you consistent profit forever.Probably 99% of the systems on this forum are worthless but if there is something that can bring consistent profit, then just adjust your LOT and risk size according to your tolerance level, and...
Thanks!
Interesting, your coming onboard with the when solved the Sky is the limit
ofcourse Solving is TRICKY!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #129
- Jan 14, 2014 3:08pm Jan 14, 2014 3:08pm
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
{quote} Thanks! Interesting, your coming onboard with the when solved the Sky is the limit
This is the 1 thing that 99% of the traders cant achieve.If they could then they would become instant billionaires, but everyone still tries, and its hard, but eventually some of us will achieve it.
I think trading is more like a survival game or a marathon, rather than a quick race.If you stay in the game long enough, eventually you will get a lot of money.Some of the traders get lucky and discover the holy grail much quicker than others, but eventually those who dont give up will get to the finish line.
And those who do, will regret it their entire life that they didnt found it.I`m sure most of the unlucky traders give up very soon after they lost a few accounts, but they should have learned from their mistakes rather than just continue the same stupid things that they did before.
"There's a sucker born every minute" - P.T. Barnum
- #130
- Jan 14, 2014 3:18pm Jan 14, 2014 3:18pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} Yes, there is only big 1 obstacle in trading forex, the other obstacles are minuscule compared to this one, and that is consistent profit. This is the 1 thing that 99% of the traders cant achieve.If they could then they would become instant billionaires, but everyone still tries, and its hard, but eventually some of us will achieve it. I think trading is more like a survival game or a marathon, rather than a quick race.If you stay in the game long enough, eventually you will get a lot of money.Some of the traders get lucky and discover the...
Most people stop learning after the first thing they learn, even if it doesn't work, they keep trying that again and again, spurred along by the odd random success they have and the belief they can do better.
The problem is the first thing you learn, is likely from another loser or a lie to take your money, like if it's going your way buy more on the way and you'll make more, not don't because it'll turn on you sooner or later and wipe you out or hit your BE SL 98% of the time.
Only clicked for me, 3 - 4 months back, it's annoying SIMPLE when it does click, so obvious, but took years to get there.
So don't quit, but do erase everything and start from scratch many times, most people think I'm mad cause that's what I do, try this, yes yes yes oohhhh issue!! DELETE Repeat!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #133
- Edited 8:12pm Jan 14, 2014 7:50pm | Edited 8:12pm
{quote} Just dont bother with his posts, he trolled probably every thread i saw already.Mikk is the biggest troll in the entire forum.
{quote} Yes, there is only big 1 obstacle in trading forex, the other obstacles are minuscule compared to this one, and that is consistent profit. This is the 1 thing that 99% of the traders cant achieve.If they could then they would become instant billionaires, but everyone still tries, and its hard, but eventually some of us will achieve it. I think trading is more like a survival game or a marathon, rather than a quick race.If you stay in the game long enough, eventually you will get a lot of money.Some of the traders get lucky and discover the...
You think that you're so damn special and out of that 1% but still too dumb to understand that you can't get any different results if you behave exactly like all the others. Or you don't see turvy who's been wasting time around here for 9 years...
The single most important factor is having control of your own life.
- #134
- Edited 9:36pm Jan 14, 2014 8:10pm | Edited 9:36pm
Most people stop learning after the first thing they learn, even if it doesn't work, they keep trying that again and again, spurred along by the odd random success they have and the belief they can do better. The problem is the first thing you learn, is likely from another loser or a lie to take your money
You're just stuck with your beliefs which you indeed got from some loser and sit tight with them insisting you're the brightest person on the forum and always right.
So don't quit, but do erase everything and start from scratch many times, most people think I'm mad cause that's what I do, try this, yes yes yes oohhhh issue!! DELETE Repeat!!
99% of the systems on this forum are worthless
The single most important factor is having control of your own life.
- #135
- Jan 15, 2014 2:26pm Jan 15, 2014 2:26pm
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
{quote} As I said already you may call me anything you want - it won't make your posts any less stupid and newbie-like
I never said i`m in the 1% billionaires. Do i look like a billionaire ? If i`d be one i would not stay here and respond to your posts.
Yes and i agree with you on the other statement, that if you follow the 90% forex losers or was it around 70% whatever, you wont learn nothing.So that is why i try to find innovative ideas.
You may think i`m mad or newbie, but actually i have different perspective, and maybe its just better to look on the markets in other ways than to stick and follow the loser traders.
Quoting Proximus
99% of the systems on this forum are worthless
This statement is just funny and only yells to everybody around who tried several systems from the forum and actually was getting profit that you're simply two losers who can't profit even when everything is already on a silver plate for you to take and enjoy...
Yea? Tell me only 1 consistent and profitable system on this forum, only 1, and i give you a Nobel Prize in economics.
Even better, i offer you a deal, if you tell me only 1 consistently profitable system on this forum, i will trade that, and give 90% of my profits to you if you agree to cover 90% of my losses ? Deal ?
If its profitable then you have nothing to fear about because you might pay a few % of losses but gain 90% of my profits, but if its not profitable then you have to pay everything
"There's a sucker born every minute" - P.T. Barnum
- #136
- Jan 15, 2014 2:49pm Jan 15, 2014 2:49pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} Man i just cant stop responding to your posts, because you write so much nonsense. I never said i`m in the 1% billionaires. Do i look like a billionaire ? If i`d be one i would not stay here and respond to your posts. Yes and i agree with you on the other statement, that if you follow the 90% forex losers or was it around 70% whatever, you wont learn nothing.So that is why i try to find innovative ideas. You may think i`m mad or newbie, but actually i have different perspective, and maybe its just better to look on the markets in other ways...
He'll come back with GENESIS system, which is a martingaling grid based system and will 1 day empty his account like they all do
I'd ask for 110% of losses that way you get your fixed 10% Although I haven't ran stat's on any methods in the last few years, I don't see anyone coming up with anything new or original that actually works, I tried enough believe me, all into cheating.
So it ends up Newbie's teaching each other how not to trade and patting each other on the back for repeating the same old tripe that is emptying there accounts time and time again, while all claiming to be profitable.
So yeah, keep buying on the way up, don't trail with your SL's, get greedy and hand over your money by all means, just because you can see where to do it ( who can't ) after the fact, doesn't mean you should attempt to do it live, this is the what you newbie's need to realise.
And Mikkk00 you have NO BRAIN, your a sheep, learn to say Baaaaahh!! in 9 years time I'll be rich and you'd of long forgotten forex and asking " Go Large ? " 500 times per day!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #137
- Jan 15, 2014 3:08pm Jan 15, 2014 3:08pm
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
in 9 years time I'll be rich and you'd of long forgotten forex and asking " Go Large ? " 500 times per day!!
, it grows almost exponentially after you hit the about 10.000$, so if you have 10000$ to start with maybe its achievable in 1 year only 
Certainly my plan is to get billionaire within the next 2 years , although i plan to start with only 100€ on this account, just to not risk much, but i will make 50% /month to compensate the tiny capital.
Just trade 4-5 times /day, and with a 70-80% winrate its easy to make 50%/ month.And i will probably risk only 3-4% of the account /trade or even less.
The only thing i need to find is a reliable edge, nothing more, and then the show can start
____________
So Mikkk01 if you accept my deal, just tell me a reliable system and i will make you billionaire in 2 years
"There's a sucker born every minute" - P.T. Barnum
- #138
- Jan 15, 2014 3:19pm Jan 15, 2014 3:19pm
- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
{quote} Isnt that too much time to wait, with 30% /month even if you start with 100$,you can make 1,264,621.85$ in 3 years
LOL drop the math's the growth isn't possible to a million let alone a billion LOL Think damn good monthly wage for doing not very much.
I thought you said >60% wasn't possible.
My Target is 20K by years end, then make $6000 per month after that ie a damn good wage, if I quit the business I can do it in 3 - 4 months.
But I've already found a way to view the market to make the $$$'s, which takes TIME, loads and loads of time, especially when your busy doing other things.
And your starting with less than me, nice
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- #139
- Jan 15, 2014 3:29pm Jan 15, 2014 3:29pm
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
{quote} LOL drop the math's the growth isn't possible to a million let alone a billion LOL Think damn good monthly wage for doing not very much. I thought you said >60% wasn't possible. My Target is 20K by years end, then make $6000 per month after that ie a damn good wage, if I quit the business I can do it in 3 - 4 months. But I've already found a way to view the market to make the $$$'s, which takes TIME, loads and loads of time, especially when your busy doing other things. And your starting with less than me, nice
INITIAL CAPITAL * (1+ GROWTH PERCENT/100) ^ TIME = 100* (1+ 0.30)^ (3*12 ) = 100* (1.3) ^36 = 100 *12646.2185 = 1,264,621.85 $
Well 60% or 80%, whatever, i dont know what is possible, i think the pro wallstreet stock traders can achieve this, so i was wrong with the 60%.
But even if the cap is 60%, just trade more trades/day to make up for the losses, if the probability for all trades to be right is 60% then the more trades the more money.Overtrading is a stupid urban myth for newbies. If all trades have equal probability then doesnt matter how much you trade.
Btw i can start with much more capital, thats not the point, the point is that this would be an experimental account so, by start just keep is safe and 100€ is decent with a 1:200 leverage, my SL will be tight anyway.
After i see positive signals i can add more capital to it, that will save me a few months of trade, and reach my goal quicker.
"There's a sucker born every minute" - P.T. Barnum
- #140
- Jan 15, 2014 3:41pm Jan 15, 2014 3:41pm
- Joined Oct 2013 | Status: Forex Shaman | 1,468 Posts
And by the way what is with this "overtrading" crap if all trades have an equal probability of the outcome to be a winner,then doesnt matter how much you trade.If for example the wedge patterns would have a 70% of continuation, would you stop trading them after 1 or 2/ day?
Hell no,i personally would trade them on all majors all day, and probably make 20% account growth /day.Unfortunately i dont know if there is a constant probability situation in the market.An edge is an edge but not always the same probability it may have 40% probability for a week and 70% for 2 weeks, it is still an edge, but if you trade it in the wrong week then you get f****d.
So "overtrading" is just an excuse for newbies who dont have a reliable and consistent profit bringing method.Yes if you have a 40% chance of win then i would also limit my trades to 1 or 2 /day , or better yet none
Dont trade until you have a rock solid edge which will always give you the upper hand, and when you have this you can trade the sh*t out of the market, just dont limit yourself because some popular myth.
But until you find the edge, there is just no point trading at all
Hell no,i personally would trade them on all majors all day, and probably make 20% account growth /day.Unfortunately i dont know if there is a constant probability situation in the market.An edge is an edge but not always the same probability it may have 40% probability for a week and 70% for 2 weeks, it is still an edge, but if you trade it in the wrong week then you get f****d.
So "overtrading" is just an excuse for newbies who dont have a reliable and consistent profit bringing method.Yes if you have a 40% chance of win then i would also limit my trades to 1 or 2 /day , or better yet none
Dont trade until you have a rock solid edge which will always give you the upper hand, and when you have this you can trade the sh*t out of the market, just dont limit yourself because some popular myth.
But until you find the edge, there is just no point trading at all
"There's a sucker born every minute" - P.T. Barnum