Actually your right, ET are not been considered which is wrong. This is just a reading article maybe made for entertainment or encouragement. Anyway nice try SAM!!!!
X 10 000 in one year?! Nah, even with options, these numbers are impossible. Just reread all Market Wizards, all geniuses never made that. And a dyslexic guy with a mustach, a dumb face and a fake Cartier would do better?! That s why this guy continue to go to Lidl ! He got no bucks in his trading account ! He hopes someone would buy 100 M pounds for his "system". Chris Mac
It is funny to see how some people take this for real while at the same time every more than average profitable trader on ET is bashed. As ET member post they can make +100% returns is impossible but if a newspaper writes about 10 000% than it is possible?????????
If only it was +10 000%! We speak of more than +1000 000% increase ! 10 000 times ! Indeed, (2000*(1+1000000%))= 20 002 000 !!!!! less than what this "genius" made !!! Chris Mac
If we do some math with this statement: 2000 to 21 million means an average return of 3.62537445% every day. (2000*(1+3.62537445%)^260) Sounds not so terribly difficult? At least if the volume in the traded items is big enough to absorb the volume traded by this system, without moving the price too much. But if the calculation is correct it means that nobody is able to make an average of 3.62537445% every day? Even not with the leverage used? With a leverage 10 you should only make 0.362537445% of the move every day? If you want to double your account you should make 0.2668% a day. Seems almost nothing. But who can consistently double his account? With a leverage 10 you should only make 0.02668% of the move every day? If you look at it this way it is confusing. Small returns and impossible for most traders to reach.
"Plymouth Herald".. i guess there is a reason why this story is not on The FT or The Guardian... "Investigative" journalism at its best...