He's a good trader as well, but doesn't want to devote the morning hours to trading // mountain biking. His older brother is a savant--you wouldn't believe it if I told you. He's played against the top e-sports pros on vanilla and faceit.
Been away from fps games for a while. Now I'm more into storyline rpg single player DND type games. Looking forward for cyberpunk 2077 and baldurs gate 3 releases But if your kid is into FIFA tell him to look up Mr-Xecute. Maybe I can get some challenge..
*spittles* I can't believe what I just read from you, hilmy. 30 years of gaming, and how that equates to trading...That blows my mind that you came up with that comparison. The two are so detached from each other it boggles the mind. Especially when you compare FPS to MMORPG. I mean, that's almost as bad as comparing trading to a casino, but not quite. The ability to discover Warren Robinett's name as an easter egg, and also trading the market, is SO FAR BEYOND THE PALE, that I question your sanity. 30 years of gaming? You have a lot to learn yet about the difference between motor skills and memory, and financial analytical ability. You should be ashamed I think.
No way....Hilmi has shown us his statements and they look real. His statement about his ability to trade based on his gaming experience was likely a ruse. However, there is precedent here with a trader who was also a great gamer....his name was Navinder Sarao. Look-up "Flash Crash" on Amazon.com for the book. He made $70 million in E-Mini profits. I think Hilmi's success is due to great money management...bet sizing, stop placement, and target placement. Also, there is no doubt in my mind he has some sort of very reliable set-up or entry technique. It's like an ATM.
I'm very curious as to how you come to that conclusion seeing that twice only in this thread he's posted: a. A single daily loss of 81 % of his total account. That was his past account and literally a blow up. b. A recent single loss of 30% of his total account. Great money management? I don't know much about what Hilmy does, but it should be obvious that he's trading with really high leverage and very aggressively. That swings both ways. And it's why I recommended Hilmy to scale down a bit after he hit 100K. No disrespect to Hilmy of course. These are just the facts known from this journal.
Absolutely no disrespect to Hilmy, but if you lose $40K on a $130K account in one day, and make on average $6K with 30 NQ contracts (just 10 points, 10 points in NQ is absolutely nothing), i would't say there is great money management or bet sizing. $6K each day is impressive, but $6K with 20-40 contracts on NQ is not. A huge loss was unavoidable in this case.
Ah, I didn't realize that..didn't read the whole thread. Well then, all he has to do is incorporate a daily loss limit....either a fixed amount or a percentage of his account balance. One problem he could having: if he starts losing for the day, he keeps trying to come back to profitability with even larger size. This is somewhat like revenge trading....which can cause blow-ups.
i thought the whole point of leveraged trading was to swing for the fences and hoping to hit home runs. Then withdraw along the way and put some aside in other secure investments (i.e my dividend KO holding). i guess i'm fine with the wild swings. this month looks like one of them. I already got my 15k deposit from this year out. Since i'm not running a fund or an educational service, who cares what the equity curve looks like right? as long as you're in the green for the year. But different strokes for different folks. i like to give mine a hard deeeeep stroke. mmmmm
Well - you did swing for the fences and actually made it with a fantastic return. Is the plan then to keep it or keep swinging infinitely? Point is if you're always swinging for the fences the risk of ruin is very high and one day you'll likely to go broke. A wise man once told me that smaller accounts seek volatility while larger accounts seek stability. But as you say there is not one way to go about this.