Well Rob/Hubert, I can tell you two things for sure: #1: no trader in the history of electronic markets with zero exceptions EVER created lasting, profitable success by taking someone else' market calls. Has never before, does not currently and never will happen in this profession. Nor can they learn anything from someone with a seemingly limitless bankroll fight the market's bias as a basis of discipline. #2: I made more money trading 2-lot and 4-lot ES positions today in the direction of prevailing price than most Americans median income for an entire calendar month. At no time did i ever need risk more than -$200 per trade, and at no time was there ever any "need" to add size while the market came back in my face. Other than that, best of luck with that never-a-losing-trade thing ya got there
Let me get this straight.....you go to some website and pay some clown 300 dollars to learn how to lose money trading 2 lots of Russell Futures...then call others wanna-be traders? ET.....the gift that keeps giving. As far as being a teacher? Nah....I was lucky enough in the early 90's to learn from real traders on desks at big firms/hedge funds. That's the way to learn....not from some clown scalping Russell's on a webinar. Hopefully a few new guys see what real traders like myself say about these ridiculous sites and stay away. The main problem these days are a lot new traders are beyond lazy. Want some holy grail to be handed them. Well.....good luck with that.
My interwebs were down so I couldn't login to your room.... so I took the day off. I figure that saved my kids 5-large at least.
I think he said his top was based on a percentage of his account then he forgot to make an 'adjustment' for the account growth spurt.
Where am I wrong? Enlighten me. Been in the trading biz for 19 yrs. You know how many traders I have seen succeed from learning from one of these websites? Hint.......it's between -1 and 1.
He was making a few thousand bucks a day at most. Then loses 325k in one day. You do the math. 8 figure account?? Hilarious. Where do you get your info. I guess you are counting the 2 places to the right of the decimal.
http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403 of the total 615K forex accounts, 605K accounts lose on an annual basis. It is a zero sum game for small traders! More than 90% of small traders lose. They just lose!!
You (and the others here) really should avoid getting all your information from hearsay, then proclaiming it as fact. Wouldn't you agree?