7, 8 and even 9 figure drawdowns!!! Who the hell on this forum lost $100 million+ ??? Also pls name and shame the $10 million+ losers while u are at it.
wow! This puts things in perspectives. When I think I was sleeping like a baby - aka waking up every 2 hours to cry - for a mere 6 figures loss! And there red eyes for more than 2 months of this sleep pattern ! At least I was also dealing with some serious lunatic stalkers... I have to say such losses do teach some serious lessons, no matter the circumstances. But man : serioulsy 100million $ ???? They have to tell us how they did it, what they learned. If it is not their money, who is the idiot who does not value its own millions? Can I put some videos of the biggest loser?
He once made a post here claiming to to be short several contracts at an exact high tick of a price turn. I was in a long position and had placed a limit order at that exact price to take profit. I'd placed my limit order immediately upon entering the trade, so I would've been pretty early in the queue. Price traded at that price but I got no fill. When I saw MF's post I searched for a time & sales record of the fills at that price, wondering how the heck he could've got filled several contracts and I didn't get filled even a single contract. Turns out only 4 contracts filled at that price. Another few times he called trade entries one or two ticks outside an extreme that had traded. Then I knew for sure he wasn't actually trading.
It's been over two days but I made $25,000 approximately from Tuesday's open on a pairs trade then closed early mid-Thursday expecting NQ to hit QLD below 98.06 but if I get buy signals in Price Physics trend following trades I have to grapple and this is what worries me with whether I might get that signal cause then who ha 7 NASDAQ comes down the pipe and it's about 2.3% to the out on the pairs trade but I say 25 g's 3 days don't be a dumbass and take it. The prospect of getting stopped with 7 on scares after only having 3 on 2 in QuantMaster and 1 in my pairs trading arbitrage program so I'm worries that I'll be stopped if that signal happens before pairs trade hits that QLD level and I do believe for my family no Wolinsky has ever made that much money trading over three days. If I get the Price Physics I will essentially make a double profit on one trade but my pp signals have been more selective these last several trades so about 3565 I start to breathe a sigh of relief if I haven't put 7 on to go for another 90+ points on more than double the position.
Sniper, Truck driving is not suitable for any NEW ex traders. Learn to be an acupuncture master, paleo trainer or meditation guru. These health related jobs will inspire you how to control your mind as healthy mind came from healthy body. One fine day, may be you'll receive an enlightment - how to be a master trader without teaching it. If not, stay practise your needles with your customers.
I once followed MF's in BMT ...I think he is more like successful guru than a successful trader. Suitable for newbies...
Well first you charge everyone 1% per month or 12% annually. Then you try to use mixed and matched datasets only to log into your cloud where you expect to find similar results three months after adding gold. Trade gold from 1900 to 1200'll probably do it if you happen to lose 20% just because they want your program to be more active then do it and gold loses 33% to your 20% but you have a 1% fee there so that one would have done well without trying to please brokers along with trading profitably because I did expect I outperformed every market I traded in last year by a wide margin gold corn gas and NQ all did extremely well just with a 1% fee brings the percentage negative. I was positive 9.96% with a 58% dd caused by undercapitalization from PFG where I was forced to give up more than 40% in annual return due to that theft that finally left me undercapitalized and didn't realize margins violations went from $2200 to $3080 per NQ and, oh, yeah! Let me tell you to be positive giving that 40% upside to the broker on a margin call made good the very next day after November 7th 2013 at the one of the last higher lows before a 7.9% trend following trade and what the oh yeah is about is that the annual percentage I have to show on a $12,000 account at $500 per month is exactly 50% so showing positive I paid the subscriber percentage returns that and then some giving up 40% on a margin call you weren't aware you'd be getting, having to pay the 50% annual fee before there are even returns and just making the decision to do a 1 and 1 pyramid in pairs trading arbitrage and a 2:1:2 pyramid either and extra in quant master I showed a 17.9% return on the other site so clearly a good year what with everyone of your codifies losing more than a third of their value during Quant Master's inception 2 years ago tomorrow. Nah I made hellabank despite the markets I was EOD day trading go to shit and stop having adequate volatility to trigger hardly any trades in corn or gas after quitting gold at 1450 from 1900 just to watch 1250 roll around all in all it'd be no exaggeration to say net composite returns are thousands of basis points beyond every market I trade including S&P that by the time the hero in me comes out I risked absolutely nothing in drawdown from NQ's open Tuesday mid Thursday that to be sitting with a 30% composite return for yourself YTD already 2013 is just a year to completely forget about because I wanted my subs to make bank not just me but they bailed on both systems a little before and around My November drawdown dates only to be up close to 20% in November and get a measly 2.62 in December where one person decided to add me back now sitting with about a 25% return for that return decision and there's a few more I know will be counting on me for years to come because a few actually stuck it out but nobody seems to be interested in the pairs programs even though just the 3x trades are what has made over $100,000 for my family's networth from November 2011. If those returns were public I think there'd be more interest in the 3x because it is actually scalable. Poor? Darn it if it weren't for the fact it took less than 6 months leveraged to net 400% on autumngold and show número UNO what makes this year different is the cqg amp clearing agreements which prevented automation from being possible through Multicharts ended, and so it's now running perfectly 24 hours a day so this year will probably be like the start of 2012 there just probably won't be some guy stealing all the excess margin in 2014. Poor? Puh!
This is life. This is what I do. I have a cherry L-shaped desk less than 2 feet from my bed, armoire next to it hooked up to dual monitor and the flat screen and occasionally go out to visit in Kansas from Kentucky for weeks at a time. The family needs seven zeroes to be comfortable so I figure that'll definitely happen without any more effort. Sometimes waking up in the morning's hard to feel good about but I'm buying a car this week so I have that for excitement and forced my mom to buy a steak dinner Thursday.
See these two posts.... http://www.elitetrader.com/vb/showthread.php?s=&postid=3914661#post3914661 On MFB, well he also stated that he paid $2.50 rt ($1.25 per side) all fees included at TOS. This is when TOS charged a flat rate per side as opposed to breaking it down into commission + exch fees. So most TOS user had no idea what exch fees were at that time. They just saw $3.50 a side fee for every trade, without knowing how much was comm or how much was exch fee, or even what exch fee was. If MFB knew that, he'd have known that CL exch fees alone were around $1.50 a side, this making his $1.25 number impossible to achieve even with free commissions! you just never know what is true online Another example, this guy Anthony Davian.....had a hedge fund and website with newsletter. Had a great pull yourself up by your bootstrap story of self-made success and self-taught trading acumen. I used to follow him off and on... now found out as a fraud and tried to kill himself.... http://www.businessinsider.com/sec-charges-anthony-davian-2013-8 http://www.zerohedge.com/news/2013-...st-ponzi-scheme-operator-anthony-davian-fraud So, moral of the story is..... things are not always what they seem, especially on the internet. Not meaning to accuse anyone, but when it comes to online gurus, you just never know.......