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95% traders go broke, only 5% survive

  • #261
  • Mar 8, 2014 5:50pm Mar 8, 2014 5:50pm
Quoting MapleLeaf
NOBODY could take it, not even "YAZZIE" who FALSELY CLAIMED to make 24K per period...
MapleLeaf, I was letting you know that 5 weeks into the year I had already attained your annual $24K number so there was no specific claim per se per period so please don't call me a liar. I'm over $46K YTD Profit as of the end of last week and had a $10K plus week last week. Attached is a summary of my trading account with all trades last week. Obviously I took out any personal information and I know you think it's faked, photoshopped, Demo, etc....... I don't know what your criteria is for saying nobody makes a living long term. I've been trading profitably going on 16 months now with no other job. I guess if you are here 5 years from now we can discuss the merits of what constitutes long term. I agree 16 months does not but in my opinion I think I'm doing very well

Let me ask you this. While I and other profitable traders are making a living trading Forex Full Time, what is it you do to support yourself when you are not telling us 99.6% of Traders Fail? I will NEVER take you up on your bet but that does not mean I am not a successful trader
Attached File(s)
File Type: xlsx Last Week Trades.xlsx   18 KB | 466 downloads
  • #262
  • Mar 8, 2014 6:04pm Mar 8, 2014 6:04pm
Quoting AimHigher
{quote} MapleLeaf, As you very well know you could set the monthly number to $100 and still get no takers for your bet since it is (deliberately?) set up in such a way that the unavoidable volatility of any trading system will virtually guarantee that a trader has a negative month. That also means your bet would prove nothing since luck would be the biggest determinant of the outcome. To make this a realistic and somewhat more meaningful "bet" the terms would have to be changed to an annual profit target with no restrictions on monthly performance....
If you say something like that, you are directly agreeing with me that's it is not possible to make a living in RETAIL FOREX.

Heck? Not even 100 bucks per month?

Dude, that's LESS THAN WELFARE money...

And you guys, the WALL STREET BILLIONAIRES can't even do 100 bucks per month?... WOW.
The Black Swan: The Impact of the Highly Improbable
  • #263
  • Mar 8, 2014 6:06pm Mar 8, 2014 6:06pm
Quoting MapleLeaf
{quote} I have posted my BET like 20 times, you can check my posts, its all over the place. NOBODY in this forum could take it. 10,000 active members and NOBODY could take it. And I even put the barrier VERY LOW, and put the number at 2K per month.
If you change your bet from "2K per month from forex" to "100k income over the next 12 months from the financial markets", I'll accept it. But I'll need to see evidence that you have $36k first.
  • #264
  • Mar 8, 2014 6:09pm Mar 8, 2014 6:09pm
Quoting yazzie
{quote} I will NEVER take you up on your bet but that does not mean I am not a successful trader {file}
Yep, it means exactly that. You clearly don't make a living TRADING RETAIL FOREX from your home.

I can also post a screen showing a 1 trillion account if you want or that I made 3450972093879204832 dollars in the last 3 seconds... That will prove absolutely NOTHING. So, don't waste your time.

The big question is, what are you looking for in this forum? Clients?
The Black Swan: The Impact of the Highly Improbable
  • #265
  • Mar 8, 2014 6:10pm Mar 8, 2014 6:10pm
Quoting hanover
{quote} If you change your bet from "2K per month from forex" to "100k income over the next 12 months from the financial markets", I'll accept it. But I'll need to see evidence that you have $36k first.
So, are you saying that you can easily do 100K per year PROFIT trading RETAIL FOREX from your HOME any time you want, but you cannot make 100 bucks per month???

Yeah Yeah, right... Yeah Yeah...
The Black Swan: The Impact of the Highly Improbable
  • #266
  • Mar 8, 2014 6:11pm Mar 8, 2014 6:11pm
Quoting hanover
{quote} If you change your bet from "2K per month from forex" to "100k income over the next 12 months from the financial markets", I'll accept it. But I'll need to see evidence that you have $36k first.
He doesn't have it. He lost it all from a $99 Guaranteed EA he bought!
  • #267
  • Mar 8, 2014 6:15pm Mar 8, 2014 6:15pm
Quoting MapleLeaf
The big question is, what are you looking for in this forum? Clients?
I've actually been approached by a few traders with fairly large bankrolls and asked if I wanted a managed account scenario but that's the LAST thing I'd ever do. I spend 25 years in the Corporate World having to answer to asshole bosses and play politics and the last thing I want is to have to answer to someone or manage their accounts. Why the Hell would anyone want that headache regardless of the compensation. No thanks, I do just fine myself. I am not seeking any financial gain in these forums
  • #268
  • Edited 10:54pm Mar 8, 2014 6:53pm | Edited 10:54pm
Quoting MapleLeaf
{quote} So, are you saying that you can easily do 100K per year PROFIT trading RETAIL FOREX from your HOME any time you want, but you cannot make 100 bucks per month??? Yeah Yeah, right... Yeah Yeah...
Did you read my post? I never mentioned $100 per month; that was AimHigher. And I said "financial markets", not specifically retail forex. Like I told you, I don't actively trade forex. But I happen to have some investments in other markets.

Anyway, I'm not sure how I managed to allow myself to be provoked into this silly discussion; some wine plus Sunday afternoon boredom, LOL. Anyway, this is my final post on this matter. I'm not really interested in your bet, but if you want to contact me privately (you'll find my e-mail address in the second paragraph of this post), I'll send you my income statements for the next 12 months....... but then I guess you'll just say that I've faked them. I can't speak for forex, but it's possible to make upward of 10% p.a. consistently from a mix of dividends and stock options, and hence $100k p.a. is easily attainable, if you have sufficient capital. If you choose not to believe, that's not my problem.
  • #269
  • Mar 8, 2014 7:08pm Mar 8, 2014 7:08pm
Quoting MapleLeaf
{quote} So, are you saying that you can easily do 100K per year PROFIT trading RETAIL FOREX from your HOME any time you want, but you cannot make 100 bucks per month??? Yeah Yeah, right... Yeah Yeah...
My friend you see only black and believe me there is white in forex market i saw with my own eyes who turn 100 to 2500 in 5 days
and again a 100 into 1200 in 4 days
i saw who turn 2500 in 33k only in two month
the problem no body will post the real statment online for you just if you like believe it or not it is your chose
  • #270
  • Mar 8, 2014 7:46pm Mar 8, 2014 7:46pm
Quoting hanover
{quote} Sure, I understand where you're coming from. It's easy for people (myself included) to be fooled by randomness, and also by hindsight bias. I believe that institutional trading creates potentially exploitable price patterns, but that in itself doesn't necessarily guarantee profit. You seem to think that I make a lot of from money these days from forex-related programming. Well, very simply, I don't. I've been pretty much retired since 2005. Around 95% of my income comes from investments (mainly stocks, bonds and funds). Some of the rest...
Is there enough liquidity in stock options for tight stops?
(I'm trading a system that depends on having much smaller losses than the winners.)
and, by the way, making money...I think the percentage of profitable traders is much higher than 5% - so say the brokers
  • #271
  • Mar 8, 2014 8:16pm Mar 8, 2014 8:16pm
Quoting MapleLeaf
{quote} If you say something like that, you are directly agreeing with me that's it is not possible to make a living in RETAIL FOREX. Heck? Not even 100 bucks per month? Dude, that's LESS THAN WELFARE money... And you guys, the WALL STREET BILLIONAIRES can't even do 100 bucks per month?... WOW.
MapleLeaf,

Now you are just playing stupid. The point that you must have realized I was making is that no one can be profitable every month but it is also totally irrelevant when determining if you can make a living off of forex trading. I can make 8k one month, lose 2k the next. Repeat that over 12 months and I have have 36k of profits for the full year. In my losing months I live off the profits I made in the winning months, so why does it matter that I lost money in 6 out of 12 months for the year? It doesn't, but I would have lost the bet according to your terms since I didn't make 3k (or your lowered target of 2k) every month.
  • #272
  • Mar 8, 2014 9:45pm Mar 8, 2014 9:45pm
Quoting MapleLeaf
{quote} LOL, if you really have figured out a lot of EDGES or WAYS to EXPLOIT the market and become a multi-billionaire, what are you doing here wasting your time? Go ahead and keep taking the money from GOLDMAN SACHS, PIMCO, and the CEO/OWNERs of O-ANDA and FX-CM... Come on, go ahead! You are a genius who figured out a lot of EDGES to take their money, VOX DEI... I just have two word for you VOX DEI: Pseudologia fantastica.
Only the very inexperienced at trading and 'geniuses' like you would have think of that having an edge + small capital instantly generates millions...

Such stupidity... sigh!
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #273
  • Mar 8, 2014 9:46pm Mar 8, 2014 9:46pm
Quoting hanover
{quote} Did you read my post? I never mentioned $100 per month; that was AimHigher. And I said "financial markets", not specifically retail forex. Like I told you, I don't actively trade forex. But I happen to have some investments in other markets. So here's the deal: if I make US$100k (pre-tax) income from the financial markets over the next 12 months, you pay me the $36k. If I don't, I sell off some stocks and pay you the same amount. So, do you accept the revised form of the bet? If so, let's see your $36k, and have some fun. You want to take...
Hanover, please do not get yourself banned because of this guy! He obviously doesn't even have 36k...
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #274
  • Mar 8, 2014 10:52pm Mar 8, 2014 10:52pm
Quoting vox dei
{quote} Hanover, please do not get yourself banned because of this guy! He obviously doesn't even have 36k...
Thanks. You're right, I got a bit carried away. I've amended my previous post accordingly.
  • #275
  • Mar 8, 2014 11:36pm Mar 8, 2014 11:36pm
In all the fuzz I really lost it :-). Why should anybody try to "eating-nerve" his way out in retail Fx in order to make $2000 when such amount can be made in a week with consultant work when you train some skill at some business domain?!

In my view making 2k from under capitalized account is way more stressful than make them any other way.
  • #276
  • Mar 9, 2014 12:14am Mar 9, 2014 12:14am
Quoting vox dei
{quote} Hanover, please do not get yourself banned because of this guy! He obviously doesn't even have 36k...
I wish I could BET 10 million dollars, but I can't.

Instead, I am betting realistic numbers that I can afford to pay in case I lose. However I know and you know I will win... That's because you will never ever accept the BET.

It's funny that in your answer you are clearly insinuating that an average salary is "A LOT OF MONEY THAT NOBODY HAS"...

Now we can see who is really broke here. You also claimed that you will have troubles to make 100 bucks per month.

I wonder why you spend so much time here, trying to trick new clients? Trying to build some consensus for the newbies to bite?

Write all the excuses you want, think about new excuses and post them tomorrow, and then on monday again, TRY VERY HARD to discredit me all you want (in vain tho), but in the END you will not accept the BET because you know you will LOSE... You, the Kiwi with German City Nickname or the other guy... Nobody will accept, because you will all LOSE.

Ciao.
The Black Swan: The Impact of the Highly Improbable
  • #277
  • Mar 9, 2014 3:46am Mar 9, 2014 3:46am
Quoting MapleLeaf
{quote} I wish I could BET 10 million dollars, but I can't. Instead, I am betting realistic numbers that I can afford to pay in case I lose. However I know and you know I will win... That's because you will never ever accept the BET. It's funny that in your answer you are clearly insinuating that an average salary is "A LOT OF MONEY THAT NOBODY HAS"... Now we can see who is really broke here. You also claimed that you will have troubles to make 100 bucks per month. I wonder why you spend so much time here, trying to trick new clients?...
What is the bet? You seem to post a lot of negativ things about traders and forex in general.... if you don't believe it's possible to make money... why are you here? Why waste your time proving your point?
  • #278
  • Mar 9, 2014 3:58am Mar 9, 2014 3:58am
Quoting teofil00
{quote} What is the bet? You seem to post a lot of negativ things about traders and forex in general.... if you don't believe it's possible to make money... why are you here? Why waste your time proving your point?
The bet is that no trader can guarantee winning a certain $$$ every single month. He knows nobody can take it, in fact almost nobody really disagrees with him - even the most successful hedge funds in the world have losing months from time to time. A fact he keeps brushing aside and using as evidence that nobody can trade profitably. He isn't trying to prove anything to anyone other than himself. He is clearly a failure in trading - lacking either the intelligence, discipline or willpower (or all 3) to succeed - so he spends his time here trying to assuage his ego by convincing himself nobody else can do it either.
si hoc legere scis nimium eruditionis habes
  • #279
  • Edited 4:32am Mar 9, 2014 4:14am | Edited 4:32am
Quoting teofil00
{quote} What is the bet? You seem to post a lot of negativ things about traders and forex in general.... if you don't believe it's possible to make money... why are you here? Why waste your time proving your point?
Just ignore the idiot, the punk was so lazy and stupid that he started out following self proclaimed experts on this forum. He went from there to EA hunting! the a...... bought and used every EA in the closet, he even used one from this site www.comegetscrewedea.com written by my dick! the fool lost over ($100,000) and his pants trying out all the phony EA's out there and came to the conclusion that its impossible to make any money trading the fx market. He is so pissed that he vowed to take down the whole FF community. He jumps from one thread to another preaching the same message of doom along with one other member named Mingary.

Everyone in this thread trying to post your account statements to prove a point, il advise you all to please save yourself the trouble and kindly expend your energy for more constructive and beneficial activities cause the fool is far far gone. What business of yours is it if someone says he has his head way up his ass on the internet. Its similar to you canceling a very important business meeting just because someone is wrong on the internet and you have to correct the person by all means! JUST IGNORE!
  • #280
  • Edited 5:16am Mar 9, 2014 4:59am | Edited 5:16am
I certainly would not want to stir up more controversy.

But Mr. Mapleleaf is absolutely right !

I will make it clear for everybody.

1) The Retail Forex universe is divided into two groups:

Group "a" = Those who have not given up yet (there are many different characters in this one)
Group "b" = Those who have something to sell (products and / or services) to the members of group "a"

2) I will leave it up to you to discover all the interesting corollaries.

Hint: It's a perfect "symbiosis"
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