The point is that 40 pips consistently every day in a market with superb liquidity and superb leverage amounts to billions within the scope of one lifetime. And all possible from a guy that cannot call a trade in advance without being ambiguous ? BULLSHIT
it's not that people think trading cant be done hey I want to believe some of these TA guys, and some I think are real and legitimately profitable. but these xspurt claims just get so absurd-- beyond Hersheytalk levels even!! a 10k account to start, in week 2 it's down to 7.5k By week 5 he's making 10k a day That should put the acct from 10k to 100k+ in 6 weeks and via daytrading forex, and on pace to reach 1 million by year end This all by a total newb trader And if thats not enough--- he adds in a story of a guy who 6 yrs ago had a small account and now is one of the biggest ES traders in the world and uses a max size of 20,000 ES contracts per trade. this is crazy talk-- I dont see how anyone can believe those stories.
40 points a day at $500 a point takes us 13958 years to accumulate the current net worth of Bill Gates. Evidently...its you.
How do you figure that? I guess you aren't compounding and instead are withdrawing the 40X$500 = $20,000 every day. Which brings me back to this. Wasn't the starting point $10,000? At 50 to 1 leverage, maximum allowed in USA, you're restricted to a starting point of only about 2.5 standard lots ($25/pip), fully in. So, if you're withdrawing profits daily, how do you get to $1 million in a year? So, which is it, buddy: are we compounding or not???
Holy shit, this guy cannot be for real. Why stop at $500 a point, when the forex realm can handle much more ? You use the magic of compounding SheMaleGenius!
Check this guy out, it looks like at least one fish has been caught. Next thing you know he becomes the latest "rookie", for a nice fee of course. lol
if you are truly scalping I guess you can go up to 3.5 million at best at IB or Dukascopy in one go ... anything above that and you will start to see slippage. The more beyond the bigger slippage. You might try to do multiple trades but than scalping will become hard.
How did I figure that? Exactly as it was stated "consistently bagging in excess of 40pips a day without a losing day, is a feat that would take you above Bill Gates level in a reasonable amount of time"... As per usual people who know little of the market hear "3 trillion a day" and think "woooza! I could start with 1 lot and before I know it be trading 10,000,000 lots a day! On the 1 min chart!"
Sheda, I was about to say something, but deleted the post. I'll say this instead. I think 40 pips average is what is intended, but its important to realize that you can average 40 pips a day and still lose all of your money.