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  • #81
  • Mar 18, 2017 4:58am Mar 18, 2017 4:58am
Quoting asgcorp
{quote} I posted more in AU thread, check it out ))) Have a good one mate!
U ok tto private message amigo
  • #82
  • Mar 18, 2017 5:01am Mar 18, 2017 5:01am
Quoting jpcashflow
{quote} U ok tto private message amigo
sure go ahead!
  • #83
  • Mar 18, 2017 5:30am Mar 18, 2017 5:30am
Quoting andddres1
try Topsteptrader, a trading combine test costs 120usd the cheapest for one time if you pass, then they found you with 30k



There are way too many negative reviews about your suggested site. It is reputed to be a sort of scam. I wouldn't go near it.
  • #84
  • Mar 18, 2017 5:50am Mar 18, 2017 5:50am
Quoting Ratmach
{quote} From looking at his TE, it seems that most of those big drawdowns came on trades he kept open for a LONG time. The question is, did they immediately, within the first few minutes/hours go that far underwater, or did they slowly but surely tank? So I guess my scalper bias is showing, huh? If you're willing to get out of a bad trade quickly (which I admit I don't ALWAYS practice what I preach), then the drawdown issue isn't as important. Large trade size combined with short trade time means a "bad" trade is usually manageable. Conversely,...
but then you miss a big thing. when he closed trades before he had also not the wins with other trades, because many had closed also before was a win. if it would be different he would have change trading allready. or at least i hope so. do drawdown of a very high 50% and increasing lotsize is a bad tip.

you can cut losses, but you kill some of your wins too. you need find a good balance. when you dont martingale use a fair SL, you can do all kind of strategies and win.
  • #85
  • Mar 18, 2017 5:52am Mar 18, 2017 5:52am
Quoting Kmw
{quote} Hi Albert, welcome to FF. Your method looks good to me. I keep coming back to RSI myself sooooo
I personally love the RSI .Most people don't Know how to use the RSI but i have made it easy for all to try to understand the RSI.I even sat here and typed out all of the levels for you guys lol. Just kidding but yes i fully understand that some people have no understanding of the RSI they think it's just a buyers consolidation thing it's actually more than that.Forget about the 30 and the 70 Level Lines we all know that with the 14 on it's own you wont understand the RSI but include 5 lines and show them how it works with trend consolidation and range you will understand it more.
  • #86
  • Mar 18, 2017 6:13am Mar 18, 2017 6:13am
Quoting PiranoTrader
{quote} Hehe, ok. If i understand correctly every thing we see is just Potemkin's village for us poor idiots trying to make a few bucks, right. For you apparently it is not worth the trouble if i don't have at least 500k ... Please be so kind, show me how making 100% or more a year consistently in trading is nothing extraordinary. Please show me the guy averaging 200%+ for the past 5-10 years. And please tell me about all the other businesses where making 300% in 3 months with very little risk is no problem. Or is this only reserved for the elite?...


Let me further take up the refrain. Making 100% or more a month consistently is no big deal, and some traders do it without fanfare. That may surprise you as most good traders do not often advertise themselves on forums.
  • #87
  • Mar 18, 2017 7:00am Mar 18, 2017 7:00am
Quoting piple
{quote} Let me further take up the refrain. Making 100% or more a month consistently is no big deal, and some traders do it without fanfare. That may surprise you as most good traders do not often advertise themselves on forums.
You seriosly claim that there is traders that can constantly make 100% or more a month? I am sure you understand that by doing that they would all be richer than anyone else in a few years. How come that has not happened yet? Don't get me wrong. I believe that almost any trader can be constantly profitable if he is just disciplined and he is experienced enough to understand what money management and a trading system means. But even the best ones suffers bad periods and that is where money management comes in and most traders fail.
  • #88
  • Mar 18, 2017 7:13am Mar 18, 2017 7:13am
Quoting kalastaja
{quote} You seriosly claim that there is traders that can constantly make 100% or more a month? I am sure you understand that by doing that they would all be richer than anyone else in a few years. How come that has not happened yet? Don't get me wrong. I believe that almost any trader can be constantly profitable if he is just disciplined and he is experienced enough to understand what money management and a trading system means. But even the best ones suffers bad periods and that is where money management comes in and most traders fail.
5k acc would be $5,764,607,523,034,234,880,000.00 after 5 years without withdrawals.
I dont even know how that number is called. Used compounding calculator. F*ckZillion?

They ll have Buffet as their butler and Gates as their dog walker. If anyone makes a bad post ab them in FB, they just buy whole FB and f...ck everybody else, they ll shut down the FB.
Please add more indicators, I still see the real price! Thanks!
  • #89
  • Mar 18, 2017 7:17am Mar 18, 2017 7:17am
Quoting Crackpot
{quote} 5k acc would be $5,764,607,523,034,234,880,000.00 after 5 years without withdrawals. I dont even know how that number is called. Used compounding calculator. F*ckZillion? They ll have Buffet as their butler and Gates as their dog walker.
Exactly! And still we have people who claim that it is relatively easy to make 100% or more a month constantly. Anyone, even my dog can make that occasionaly but she would propably give it back in few months.
  • #90
  • Mar 18, 2017 7:24am Mar 18, 2017 7:24am
First, we must agree on the terms,
I think it would be correct to speak of a monthly return of 100% on invested capital.
  • #91
  • Mar 18, 2017 7:27am Mar 18, 2017 7:27am
Quoting Anthony08
{quote} Have you ever worked for an asset management firm / institution ? Because this is the biggest bullshit I've ever read to be honest. I'm ready to show my track record for the past 5 years, are you ready too?
Please show your track record, so that everyone can learn from you.
The only winner is the one who survive the longest...
  • #92
  • Mar 18, 2017 7:33am Mar 18, 2017 7:33am
Quoting kalastaja
{quote} I agree with Darwinex. Also worth of look are TopStepTrader and Actualtraders.com. TopStep and Actualtraders will fund you and let you keep most of the profits. Darwinex works differently and there it takes a more time to get funded and there is no quaranteed that you will actually get funded, even if yuo trade well. Take some time and compare these.

These three look like good options to try. I've never heard about TopStepTrader and Actualtraders before but are definetly interesting. My only concern is are they legit?
If I understand correctly I must first pay them to get a trial and pass the test. Im ok with that as long as Im certain that is not a scam just to take my money. Is there anyone here that has some actual experience with one of those firms? Anyone who passed the test and got funded from them?

Thanks for the advice.
  • #93
  • Mar 18, 2017 7:37am Mar 18, 2017 7:37am
Quoting piple
{quote} There are way too many negative reviews about your suggested site. It is reputed to be a sort of scam. I wouldn't go near it.

That is my biggest concern also. Is it legit or just a scam? Anyone with experience here?
  • #94
  • Mar 18, 2017 7:43am Mar 18, 2017 7:43am
Quoting Crackpot
{quote} 5k acc would be $5,764,607,523,034,234,880,000.00 after 5 years without withdrawals. I dont even know how that number is called. Used compounding calculator. F*ckZillion? They ll have Buffet as their butler and Gates as their dog walker. If anyone makes a bad post ab them in FB, they just buy whole FB and f...ck everybody else, they ll shut down the FB.

Exactly. That is why I dont even bother reading such statements. Its BS, at least until anyone proves it to me. The easyest and most common excuse about never finding one of those unicorns is that they are hiding for some reason
  • #95
  • Mar 18, 2017 7:44am Mar 18, 2017 7:44am
Quoting kalastaja
{quote} Exactly! And still we have people who claim that it is relatively easy to make 100% or more a month constantly. Anyone, even my dog can make that occasionaly but she would propably give it back in few months.
LOOL
  • #96
  • Mar 18, 2017 7:46am Mar 18, 2017 7:46am
Quoting PiranoTrader
Hi, I've been trading for few years now and being "consistantly profitable" is not the biggest problem I have. The problem I have is with low trading capital. Some friends advised me to open a small live pamm account and connect it with trade explorer, myfxbook, fxstat, ... to prove that I can trade. So I did that a few months ago. As I was told getting the funds for consistant traders shouldn't be a problem ("the money will find you if you are good" I was told, hehe). But apparently it is a problem (at least for me) because I don't even know what...
so you're a low budget, "consistently profitable" trader...

smh

if your TE is anything to go by, you don't need capital, you just need time.

stop looking for capital, look for part time job, and just keep trading.
  • #97
  • Edited 9:08am Mar 18, 2017 8:18am | Edited 9:08am
Quoting piple
{quote} Let me further take up the refrain. Making 100% or more a month consistently is no big deal, and some traders do it without fanfare. That may surprise you as most good traders do not often advertise themselves on forums.
you are just a beginner. you will learn in real live trading that your words are not really true, not even near truth.

you can do maybe 100% with extrem risk each month in a little account (like martingale, no stoploss, account killer risk trading...) and withdraw all wins and do again. bit ypou will kill accounts often same time of course. but even if you are luckiest man thats not 100% in second month. only beginners calculate this one account and not the money they allready have. you need to calculate all money you have and then the wins in percent.

if you really spoke about all the money calculated with the 100% each month, then you are really at the first starting month in trading, and your friends who told you this storys are not real friends and tried to cheat you. many people did calculate you already that its impossible by math, by logic..... if something is impossible its not possible no matter how much you believe in it or how much other told you this fairy tale.

or did you only speak about demo account traders with 100% each month (this is easy with many strategies of course that work in demo accounts but cant work in real accounts)? then you dont have this real live problems (correct prices and fills, higher volume has higher spreads, higher slippage, higher problems to get volume as counterpart, higher problems coming out of a trade in fast moves....) and have only virtual money, so it can be possible ;-). but you cant do it in real live because of many many reasons. demo account trading is useless to valuate real wins if you trade short terms, if you trade long terms its possible, but you need to recalculate slippage and spread for higher balances.
  • #98
  • Mar 18, 2017 9:17am Mar 18, 2017 9:17am
Quoting dukas_trader
{quote} you are just a beginner. you will learn in real live trading that your words are not really true, not even near truth. you can do maybe 100% with extrem risk each month in a little account (like martingale, no stoploss, account killer risk trading...) and withdraw all wins and do again. bit ypou will kill accounts often same time of course. but even if you are luckiest man thats not 100% in second month. only beginners calculate this one account and not the money they allready have. you need to calculate all money you have and then the wins...
I could not agree more. Risking more than 1% (probably 0.5% or less actually) of my account balance on any given trade would be high risk for me, and I would not risk anything without a very good understanding of the risks involved at a minimum I would back test at least 10,000 setups and forward test live with real but small money about 1000. Also I would need to calculate the likely maximum draw down from peak for my strategy. I do not doubt that it is possible if you get lucky to double you account in one month, but I suggest those that attempt this do not have a handle on the risks of ruin they are taking. Look up standard deviation and in particular study the Kelly Criterion.
I live entirely from the growth of my personal trading account
  • #99
  • Mar 18, 2017 9:45am Mar 18, 2017 9:45am
Quoting PiranoTrader
But if I want to manage money it probably wouldn't be fair to my clients if im not 100% with them.
Your clients will not give a rat's s what you are focusing on so long as they get their profits consistently. Clients are simple, just follow the following rules

1. Don't lose their capital
2. Keep paying them profits

And you will remain a great trader in their books. If you fail 1. you become a scammer to them. If you fail 2. you are a terrible trader and they will pull out their funding.

Quoting PiranoTrader
Hehe, but as it seems that will not happen anyway
Whether you think you can, or you think you can't--you're right. - Henry Ford

I don't know about you, what you have written all over thread smells of desperation and self defeatism. Would you have confidence to hire/invest in someone like this regardless of their results?
  • #100
  • Mar 18, 2017 10:37am Mar 18, 2017 10:37am
Quoting PiranoTrader
I don't know where to turn for someone to notice me at least and gave me a chance to prove it.
Maybe your can try Darwinex.

Or find a job as proprietary trader.
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