Lol just ran a random sim on that 80% 10-1 trading system. You could start with $100 dollars, risk 50% a trade and have 3 losers and still have run your account to 338k in thirteen trades. Snort, I'm dying here. Edit: Wrong number, bahahahaha, it's actually 10mm after 13 trades. My bad.
I think making $10 million+ a year makes you really, really angry though. Some people prefer peace and love
Not that I want to get into it but you are doing bad math. You are assigning risk and projecting profit off of that. What if DBP on average risks 4 ticks a trade and captures 40? What if he doesn't double his contracts until he is the entire market?
I suppose I shouldn't surprised that no one in dp's posse has asked how long a trading period resulted in that win rate and P:L ratio. Nor should I be surprised that they don't understand the P:L ratio that results when one cuts his losses short and lets his profits run. As for the probabilities inherent in large numbers, perhaps you could explain that to him. Apparently he knows nothing about it. Though you certainly don't have to. Deaf ears and all that.
That sums it up. This is exactly like the old Marketsurfer threads we've seen many times before (not that I blame MS more than any other participants)............... Endless arguing about trading but no actual trading. Bragging of one's trading prowess but no actual trading to back it up. Claiming to have made r/t calls when in fact it never happened. Topics like this should be moved to the Chat-Chat, or better yet Politcs & Religion forum. If the gurus dont want to trade that's fine, but then this becomes a religious argument and you may as well be arguing with a religious guru to prove that the afterlife really exists. Then you have acolytes defending a method that they haven't tested let alone traded or made money from, and defending gurus who they know absolutely nothing about. IMO they aren't defending the method or the guru.............. they are defending their beliefs and hopes/dreams. So this becomes more of a religious debate and that is what fires everyone up...... and like a religious debate there can of course be no possible resolving of the conflict. Those who believe in a higher power vs those who don't........ the guru says "Trust me" and skeptic says "Prove it".............. with the absence of proof neither can prove the other wrong. So send this and all the guru circus threads to CC or P&R where it belongs. There's no need for this crap in a legit trading topic, which this obviously is not.
Now that I agree with. This thread lost its practical value about 600 posts ago. Contact whatever moderator is responsible for Career Trader.
Here's another trade that may appeal to NoDoji. I bought the GOOGL 620P. I was working 20 but got filled on one before the stock ran lower. A fcuking one lot and it's one more than your DBP acolytes have done today. And yes, it's the only thing I got done today as TWS is not quoting complexes on the GOOGL.
Do you know math? Do you understand risk management? It wouldn't even matter that much if he didn't double contracts, and at that win rate/ RR you would be stupid not too, you would still make astronomical profits. Also the amount of ticks he risks is irrelevant to the expectancy of a system/ gambling game. This is really basic stuff. If you're a supposed poker pro you should understand that pretty easily. Basically when looking at those stats you should just assume that DBP is playing a game where he wins almost every roll and wins big. It's absurd and unrealistic. Also, my math is 100% right.