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  • #81
  • Apr 13, 2011 2:55am Apr 13, 2011 2:55am
Quoting Custos
I never wanted a discussion, just a proof which you are unwilling or uncapable to provide.
i will reply to this... if you go back and read what i have written you will find both your proof as well as why i'm not doing the trade explorer deal. this requires reading what i have already written. take it or leave it.
Congratulations ScalaFX for coming out of the closet!
  • #82
  • Apr 13, 2011 2:57am Apr 13, 2011 2:57am
Quoting nubcake
i will reply to this... if you go back and read what i have written you will find both your proof as well as why i'm not doing the trade explorer deal. this requires reading what i have already written. take it or leave it.
elaborating is not equal to proof, you should know that.
  • #83
  • Apr 13, 2011 4:24am Apr 13, 2011 4:24am
Quoting Trotty
Finally, I concur 100% about big returns being unsustainable long-term
Cool, that was my whole point.

Quote
However, I’m not sure that anyone has suggested that it can be done with a £50m account,

Not directly, but if someone claims to make 40% - 60% / month (or my favorite 7% per 45 minutes) then you are going to be in the multi millions very quickly, but it really sounds like, to me, some folks were claiming that the % / month would remain the same forever no matter how large the account gets (at least they aren't saying otherwise). I think several people in this thread mentioned that it wasn't sustainable long term, but they were ridiculed. Maybe these same people will turn on you now.

Quote
what we are talking about is trading small or medium sized balances for the average retail trader and I’d hate to think quality, aspiring retail traders are put off from believing that 10% a month (or actually a great deal more) isn't a regularly achievable goal during the early days of FT retail trading
You sound much more reasonable and I don't see where we disagree when it comes to small accounts. Anyways, this horse has throughly been beaten at this point.

Good Trading to you.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #84
  • Apr 13, 2011 5:02am Apr 13, 2011 5:02am
Quoting Trotty
..... But, when I get to £200k in my trading account, I’d probably be lowering my risk to 1%. Over £1m, I don't believe I’d even be risking 0.5%. I wouldn't need to so why risk more than I need to be very comfortable indeed?.....
Bingo ! It's not a straight line equation, it never will
  • #85
  • Apr 13, 2011 5:21am Apr 13, 2011 5:21am
Quoting Assassin
Bingo ! It's not a straight line equation, it never will
yup. the people who can't understand this extremely basic concept are the same one's who can't double an account in a year starting with little funds. they are also the same people who trade so few times that statistically they have no proven edge and aren't even traders by definition. they are also the same people who believe that their embarrassing efforts are all that anyone can, and should, expect from trading. they base their entire expectations on the minimal returns hedge funds make on available capital as it serves to both approve of their terrible personal ability and returns as well as allows them to picture themselves being in the same vein as that of professional traders who would, and do, run rings around anything they are actually doing.

it's sad, and the earth is flat btw.
Congratulations ScalaFX for coming out of the closet!
  • #86
  • Apr 13, 2011 5:22am Apr 13, 2011 5:22am
Quoting LasVahGoose
but it really sounds like, to me, some folks were claiming that the % / month would remain the same forever no matter how large the account gets (at least they aren't saying otherwise).
I did say that people shouldn't treat hedge funds (multi millions) the same as ordinary retail traders.

You also shouldn't ridicule 7% in 45 minutes. If you have a 6 pip stop loss and risk 2% of your account on that trade, you're saying its not possible to get 21 pips in 45 minutes??
  • #87
  • Apr 13, 2011 5:32am Apr 13, 2011 5:32am
to all the naysayer investors i have an honest question : where do you believe retail traders who trade for a living get their capital from? did they win it in the lottery, or were born into it, or what? or do you believe that retail traders do not exist and the only traders that are real work at hedge funds making x% per annum?
Congratulations ScalaFX for coming out of the closet!
  • #88
  • Apr 13, 2011 5:34am Apr 13, 2011 5:34am
Quoting ohammond
I did say that people shouldn't treat hedge funds (multi millions) the same as ordinary retail traders.

You also shouldn't ridicule 7% in 45 minutes. If you have a 6 pip stop loss and risk 2% of your account on that trade, you're saying its not possible to get 21 pips in 45 minutes??
I ridicule 7% EVERY 45 minutes for years and years. As it's been said, that is fine while the account is small, not realistic when he account gets large. Maybe some math wizard can figure out what 7% every 45 minutes during a regular trading day over a year adds up to.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #89
  • Apr 13, 2011 5:40am Apr 13, 2011 5:40am
Quoting nubcake
to all the naysayer investors i have an honest question : where do you believe retail traders who trade for a living get their capital from? did they win it in the lottery, or were born into it, or what? or do you believe that retail traders do not exist and the only traders that are real work at hedge funds making x% per annum?
Your posts are so vague that nobody has any idea what you are talking about, at least I don't. How about some examples with real numbers, so we can understand your point.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #90
  • Apr 13, 2011 5:49am Apr 13, 2011 5:49am
Quoting LasVahGoose
I ridicule 7% EVERY 45 minutes for years and years. As it's been said, that is fine while the account is small, not realistic when he account gets large.
He didn't say he did it EVERY 45 minutes, he said he takes those types of trades day in day out, which if you read his posts you will see he does. Screenprints of the trade in there should be good enough to see, he doesn't block out the order number so easy to tell if its real or not.

Assuming your broker can handle the size of trades you put in, percentage risk is just that, whether its on a small account or large, its whether mentally you can handle it or not and that can only be known as you increase your lot size, not everyone can handle it but some obviously can and do.
  • #91
  • Apr 13, 2011 5:54am Apr 13, 2011 5:54am
Quoting ohammond
He didn't say he did it EVERY 45 minutes, he said he takes those types of trades day in day out, which if you read his posts you will see he does....
Okay, so the original poster said he could make 10-15% per week no problem and now we are up to 7% per day no problem.

Cool, good for you guys. Happy Trading.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #92
  • Apr 13, 2011 5:59am Apr 13, 2011 5:59am
Quoting LasVahGoose
Okay, so the original poster said he could make 10-15% per week no problem and now we are up to 7% per day no problem.

Cool, good for you guys. Happy Trading.
Funny thing is if you compound the 7% a day thing up to a year, excluding weekend, you will get 43.6 billion $ on a 1,000 $ account. That's a 43.6 million %.

You guys are god-like creatures!
  • #93
  • Apr 13, 2011 6:01am Apr 13, 2011 6:01am
Quoting Custos
Funny thing is if you compound the 7% a day thing up to a year, excluding weekend, you will get 43.6 billion $ on a 1.000 $ account. That's a 43.6 million %.

You guys are god-like creatures!
Figure 22 trading days per month (average) and taking 3 months in the summer off and they pull out some spending money, say a million every month should be enough to live in modest comfort.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #94
  • Apr 13, 2011 6:06am Apr 13, 2011 6:06am
Quoting LasVahGoose
Okay, so the original poster said he could make 10-15% per week no problem and now we are up to 7% per day no problem.

Cool, good for you guys. Happy Trading.
So better we stay conservative and only make 10% a week, which compounds up to 142,042 $ on a 1,000$ account, or a 14,104% increase.

Sounds really achievable!
  • #95
  • Apr 13, 2011 6:08am Apr 13, 2011 6:08am
Yes I would say aproximitily 2% per day is achievable it gives about 10 % a week more or less
  • #96
  • Apr 13, 2011 6:10am Apr 13, 2011 6:10am
Quoting Custos
So better we stay conservative and only make 10% a week, which compounds up to 142,042 $ on a 1,000$ account, or a 14,104% increase.

Sounds really achievable!
Do you think they ever having a losing day? week? or month?
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #97
  • Apr 13, 2011 6:11am Apr 13, 2011 6:11am
Quoting Custos
So better we stay conservative and only make 10% a week, which compounds up to 142,042 $ on a 1,000$ account, or a 14,104% increase.

Sounds really achievable!
don't worry. i guarantee you will never achieve it. you can rest easy.
Congratulations ScalaFX for coming out of the closet!
  • #98
  • Apr 13, 2011 6:12am Apr 13, 2011 6:12am
Quoting LasVahGoose
Do you think they ever having a losing day? week? or month?
probably not, cause they said that they consistently pull that off. So, I assume that they don't have a losing week.

If anybody can show me a 14,000% increase on account over the last year, then I will shut up. Otherwise everybody saying that they are making 10% a week CONSISTENTLY are simple bullshitters and possibly also bullshit themselves.
  • #99
  • Apr 13, 2011 6:14am Apr 13, 2011 6:14am
Quoting Custos
probably not, cause they said that they consistently pull that off. So, I assume that they don't have a losing week.

If anybody can show me a 14,000% increase on account over the last year, then I will shut up. Otherwise everybody saying that they are making 10% a week are simple bullshitters and possibly also bullshit themselves.
Yeah, but you can't do the math that way, because it makes it sound silly. You have to like do the math different or something.
Haha! Last post for me, I'm sure many will be happy.

Happy Trading.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #100
  • Apr 13, 2011 6:15am Apr 13, 2011 6:15am
Quoting LasVahGoose
Yeah, but you can't do the math that way, because it makes it sound silly. You have to like do the math different or something.
haha, yeah damn, we gotta invent some new maths to accomodate the 10% a week + guys!
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