Are there any Large Lot Traders here?

the hell you say...

Doesn't take much of a detective to google his username or image search his profile photo.

The guy is basically an idiot, anybody that knows how to search on google can find out: what kind of whores he likes to fuck (his profile on whorist.com - reviews for thai/philipino prostitutes), what kind of work he does (his job ads or other stuff he posted on other forums), his gigolo wannabe profile, tons of pictures of him and his real name. Don't tell me everything you find on google is fake, it would be indeed very smart, but it does not fit with his millionaire trader profile (if it did...then that's another story).

This clown has got far too much attention then he deserves, if anybody is still foolish enough to fall for this kind of antics (especially to such a crap scammer as him) deserves it.
I have seen this thread as it developed and but I lacked the selflessness and interest to argue with trolls, scammers and fake accounts in order to save some naive (that are not thankful for it anyway) from parting with their money.


Where was that Jacko thread by the way? Now that was a good one...

and let me guess that there was some hedging involved too....

Hey Phil,

Thanks for your insights and knowledge.

Check this out mate...

Okay, I am a Native American who loves America but is getting sick of the destructive politics and direction of the country. I plan on expatriating and moving permanently to either Australia [either Queensland near the Gold Coast or New South Wales area either Sydney or Brisbane], Dubai, China or Qatar (in that order of likeness) within the next 2 years. I read your profile and I totally agree with you about the direction of the United States.

I also agree with you about Stop Losses. I stopped using Stops and I only trade from the higher time frames now with much better success in getting into good trades. I hope to achieve the level of success and fortune that you have attained within the next 5 to 7 years!!!

So my questions to you are the following:

1. Since you are a native born Australian, do you think I would enjoy life in Australia more than in the United States or is Australia going down the tubes too like the U.S.?
2. What advice could you give me about Australia or any of the other countries that I am considering moving to {Dubai, China or Qatar} which one do you think would be the overall best place as far as living conditions, politics of the country, any racism issues, jobs, housing, cost of living, etc.
3. Does the West Coast of Australia near Perth have the same feel as being on the West Coast of America like California?
4. And how can I contact you through e-mail or private message because I really do want to become friends and learn more about you!

Thanks mate

yea MultiPurposeTradeManager set to:

BE at 5 or 8
TP at 15 or 20
and you guessed it: Hedge at 11 pips loss.

Interesting thread. To answer the OP's question directly:

With that level of growth (assuming 50:1 leverage and 31% cost basis) at $100k cost basis per trade, 100 lots would have to be traded in a "micro" account where 1 lot = $10k notional value per trade in Retail Forex. Having begun with $200 and grown to $300k in 11 months, would mean that they are trading using either far less leverage than I use, or far less cost basis per trade than I use.

If this person used 50:1 leverage and a cost basis per trade of 31% of total account size and net an average of 30 pips per day without failure for 11 months, their total account balance would be over $300k easily. But, again - it all depends on leverage used, total pips per day accumulated and the cost basis used in each trade. 500 lots with no statement on how the account is set-up could be a notional value of 500k to $50 million in a micro config. There is no way to know unless Cost Basis and Leverage used become known values.

Right now, I'm between 1/3 to 1/2 yard (notional value) in total cost basis per day, without any definitions on leverage used (I will not make that public). Total net pips targeted comes in at about 31 pips for now, but that figure fluctuates with the health or accuracy of the system I use. I am actually WAY behind the schedule I thought would be a reality several years ago. However, I have become a lot more accepting of the reality involving slower capital growth. I've got a long way to go before reaching my target goal of $1bln on account. But, I'm about 0.0285% of the way there. Growth slowed down this year as the system had a few stumbles and I made some uncommon mistakes - compounding error. But, I've learned to never make the same mistake twice.

A much slower journey than I thought it would be in my wild eye prime of learning how the markets worked. I did not make my first billion in 2 years flat, but hey, can't win them all. However, I'm happy - thus far with slower, consistent growth.

funny thread wasted a good hour of my life

for that i'd say nice ban of the foxy scammer, dirty phil

it is apparent, and i can bet, those who support phil on this thread, are losers in LIVE trading, at least not winners.

in forex trading, to prosper like what phil describes, and still do the fecking hedge???

this one thing makes me LMFAO

and losers believe losers

winners can easily tell if phil is a real winner, or NOT!

but phil does introduces a delicate profitable business model, nima......

btw, this phil ass once claimed he is millionaire a couple of years ago (but trading a stupid and ambiguous method), if i remember right. he was already suspicious back then.

Some of you guys need to learn to think outside the box and start developing a higher level of expectation for yourselves. Though I do not sell or recommend any products or services of any kind whatsoever, I do find it interesting that the moment someone makes a statement about what they have accomplished in FX, it extracts an amazing number of negative posts.

Sometimes, I don't even care to respond to threads like this, given the negativity they generate. But, the OP asked a simple question and I decided to give my answer expressly to that question only. I too, have walked the path of trying to train others and my only demand of them, was that they then find somebody in their own time to train without seeking anything in return from them.

As a result, there are a few original StealthTraders out there - some of them lurk on boards every once in a while looking for their next victim. I say victim because you will pay - in fact, you will pay through the nose for what they have to teach you. That payment will come in the form of some serious hard work - the kind that most naysayers are not willing to put up. That is why they are very selective in who they select to train, as they give of their private time without seeking anything in return but knowing that a fellow Trader is now highly successful. I personally stopped doing that a long time ago - I just don't have the time anymore for such engagement.

Some of you guys need to figure out why you are in the market to begin with. Some Traders take capital growth seriously enough to work their butts off in developing and edge to their trading that nobody else has, or knows about fully. For Traders like that, the sky is the literally the limit and their thought process about money, is not the same as the Trader who constantly struggles to break-even each week. I know that over the years my attitude about money as drastically changed. I look at money as a tool, today. No different than reaching into a tool box and pulling out a wrench to get a particular job done. That job being the growth of private capital.

Most of you here, are still trading on retail platforms and that is not a knock on you personally. I began on such platforms and still use one for basic research purposes when an idea comes to mind that I want to explore more. I keep my research environment separate from my production (business) environment, both physically and mentally.

I would suggest that no matter who makes a post about how they trade or what they trade, that each of you look in the mirror and ask yourselves whether or not you are "happy" with where you are as a Trader. Not in relationship to someone else, but in direct comparison to your own goals and expectations as a Trader.

The level and quality of your Research will determine the level and quality of your Expectations. Everything in this business begins with Research and it ends with Consistent Execution of good Trade Logic. If you are not doing at least that much, then you are probably not taking the business of currency trading seriously and that's okay, too. Some people just do this for a hobby, while others liken it to gambling and just have some fun with it. There is nothing wrong with that. But, if/when you do encounter a successful full-time practitioner who runs their operation like the business that it is intended to be, you might want to spend some time learning as much as you can, while you can. A lot of successful Traders just don't spend their time on forums anymore.

You shall know a tree by the fruit that it bears. A good and successful Trader will be known by the quality of what they post, not merely by what they say. If you find consistent value in what they post, that value probably comes from a level of experience that has been vetted for some time. Consistent value does not magically appear - somebody had to have put in a lot of work in order to bring it to you.

Look for the value and quit the naysaying. Professionals don't naysay. If you are going to be a Professional Trader, then at least act like one. And, most Professional Traders that I know personally are some of the most optimistic and positive minded individuals that I know. They also like helping novice Traders, but they are not going to give away the entire store - that's their edge. Nobody gives away their edge. I've never even come close to giving away my entire edge, even to those I have trained personally, one-on-one. I gave them enough for them to "see the light" and then they were responsible for building in their own edge.

Today, I don't even know what the edge of those that I have trained looks like, because that's none of my damn business. They built their own edge, I just provided them with some fundamental truths about the price structure of the market. They took that and created something that works consistently for them and some of them are considered High Lot Traders, trading between 100 to 300 lots per day in Standard Accounts. Yes - it can be done.

I look forward to the day when trade my first full Yard, quite frankly. That's because my Research drives my Expectations and because an run my trading like the Business it is intended to be - a Corporation held within a Trust. The rest is all about growing capital. Your entire mindset needs to shift from Trading, to Capital Growth Management. You have to think in terms of Revenues and Time to Double Account Balances. The focus needs to be on growth. Capital today is worth more than capital tomorrow, so money sitting on the side line is in reality, revenues lost. If you are not thinking about your trading like a business, then chances are you are not running like a business and that means less than optimal performance.

1) Valuation Analysis of the Instruments

This informs you about the magnitude and the financial characteristics of the instruments you trade trade and gives you baseline inputs to determining potential revenue expectations.


2) Market Data Research

This confirms the potential revenue expectations derived out your valuation analysis of the instruments you trade and helps to put parameters around potential revenues.


3) Revenue Model Development

This is the mathematically derived projection of revenues over time, taken directly from the output (results) of your market data research. This enables you to start the process of thinking about what expectation levels might look like going forward.


4) Indicator Development Lifecycle (IDLC)

This is the scientific approach to developing Indicators (assuming you are a technical trader). It is a step-by-step process for indicator development that follows a rigorous developmental path for each indicator you eventually use. It filters out poor constructed indicators and only allows optimized indicators into the decision making process. Every indicator passing through this process begins with a Theory of The Market and ends with Indicator Optimization.


5) System Development Lifecycle (SDLC)

This is all about Engineering, make no mistake about it. This is where both Art and Science collide in a creative manner that brings about a working Trading System. It begins with Tactical Indicator Integration processes and ends with Global Systems Integration that make the system ready for life Forward Testing. The primary engine that drives the SDLC is a continuous cycles of: Research, Development, Engineering & Integration, Testing & Optimization and Implementation. This is also the phase where you physically connect your Revenue Model to your Trading System.


6) Deployment

The roll-out phase. This is where you physically connect your Trading System to the market.


7) Chief Money Management Strategist

In this phase, you take off your development hat and you put on your Money Management hat. This is the changing of the guard. You are no longer a "trading systems developer." At this stage you are running your Business as the Chief Money Management Strategist. You are piloting the ship. You are in the drivers seat. You are making the decisions with the aid and support of the Trading Technology that you have developed. Your entire mindset is all about Revenue Growth at this level. You are no longer a technician here, you are a Money and/or Fund Manager. You take full responsibility for everything that happens and everything that fails to happen. You are responsible for making your business enterprise grow at this level. You are also the CEO of your business. This is your destiny. This is what you said you wanted to be. So BE it.

Now, as I said earlier. You shall know a tree by the fruit it bears. The real experience level of an individual is seen in the content of the posts they provide. You should be able to read their posts and extract useful information. If you can do that, then you can judge their level of accomplish, by reading between the lines - regardless of what they say. Somethings in this business can only be known from having direct experience. In other words, been there done that, thus I am able to explain to you how it works.

The outline above is exactly what I personally taught to five (5) individuals who I now call, StealthTraders. I am the original StealthTrader. Those five people were required for finding teaching at least one other individual. That was the deal and each one of them did at least that much. One of them has taught seven other people one-on-one himself, before calling it quits on teaching. Teaching is hard work. It drains you. It saps you of your energy.

Every single individual who was trained is now trading on an institutional platform through a prime broker with at least one account open and a minimum of $300k total balance. Most of them, as far as I know, started with less than $15k and more than $5k.

So, the next time somebody comes along and tells you that they are successful and you knee jerk reaction is to naysay them, you might want stop and think about what you are doing, first. Find out what the person really knows, before you run off and kill the Goose that actually lays some pretty nifty golden eggs. I don't know who the OP happens to be, but the shotgun naysaying approach right off the bat was all wrong.

That's my 31 pips worth.

Well that's got to count for something...

Phil owns 386 metric tons of Gold at current rate street value of USD 15,095,752,896.65 (Fifteen billion ............ )

How much do you have?

Yes, 386 metric tons of Tungsten Gold, FTW...

You want to hold 500 lots and you have shanked your current attempts with 50% draws?

Keep dreaming, newbie!!

It would be a blessing if you would be honest about your 'trading'....or whatever it is you call it. Lets see....you run a scalping thread where you can't scalp...and blow the account....top it up and blow it again. You got to follow Udines thread and fail to follow the instructions.....and blow the account....top it up and blow it again. You start a thread where you say you "trade with no stop loss" and when your 2,500 pips underwater, you blow the account. Now your running a thread where you state you have been "using this system for a long time", which is not true....and your account is bleeding even as we speak...because...you say that you advise 2% risk....yet you don't do it yourself.....1.5 lots on $3,500 account....ROFL.

You have blown in excess of $12,000 over the past year....and I know, because I and another trader are watching and laughing at your ineptitude.

And you have the arrogance to 'teach people'. You're a failure...but keep it up....we love taking your money.

To idoublestoch
i absolutely loved your last post, here here to you and your thought process
regards
anthm
,

Hi there Rooi,

Genesis, as you know, still works really well, and I expect as volatility returns trading in general will become easier all round.

With Genesis I had a hell of hard time keeping people from adding more indicators to it and otherwise ruining it and people even selling it on ebay!! Despite asking people 5 times to not modify the system so that newbies could benefit in weeks and months yet to come from a consistent and profitable system.

I know that you were not complicit at all in that and I have always applauded your honesty to start a new thread based on that Genesis theme. However, my system, which was developed from a blank piece of paper so-to-speak is going to remain in house I'm afraid.....sorry to disappoint.

You're doing really well, and as the market returns to 'normal', you'll prosper...that's for sure.

Cheers,
RJ

... well spoken...

i am not sure where asking for one thousand dollars to offer a service becomes a scam ? could someone explain that to me ? oh and in doing so could we have some hands raised by people who have paid for some sort of education or system with regards to their trading ??? i would guarantee it would be a large percent ,
i am always interested to know what's on offer it doesn't necessarily mean i will sign up. that's called freedom of choice.

Wondering if we should keep our eyes alert for another new nick under, Aussie Dancing Phil??

Anyone trading 500 lots would not be wasting there time here at FF.

I would not have mistaken you for an American.