Is a guy who made $200 million in the property and time share business lose it all in the futures markets trading the Commodex system over a 10 year or so period. He's dead now but it just goes to show you. BBG
Only worry about what has happened in the past few days. They stay informed on what is motivating the market here and now and don't worry about anything else. BBG A famous quote: There is no price to high to buy and no price to low to sell. eSignal is still down.
Those are rather lofty ideals. If you can achieve anywhere near these results, then you stand squarely at the top of the trading food chain. You say that you try to make "at least 100% return on initial per month." Now, I know that we cannot come to realistic conclusions by compounding such returns into the distant future. However, let us just compound for only a single year to arrive at an approximate annual return based on the numbers that you propose. And since you look for "at least" 100% per month, let us be conservative by doing our calculation at "only" 100% per month. And let us also reasonably assume that you have sufficient other funds from your previous trading and investment activities so that you do not have to dip into your trading account at least for the duration of one year. Let us also use a small, round starting number merely for illustrative purposes. Here, then, are the returns you are apparently capable of generating: Starting capital: $10,000 Ending balance January 31: $20,000 Ending balance February 28: $40,000 Ending balance March 31: $80,000 Ending balance April 30: $160,000 Ending balance May 31: $320,000 Ending balance June 30: $640,000 Ending balance July 31: $1,280,000 Ending balance August 31: $2,560,000 Ending balance September 30: $5,120,000 Ending balance October 31: $10,240,000 Ending balance November 30: $20,480,000 Ending balance December 31: $40,960,000 This is an annual return of 409,500% compounded only monthly. The geometric mean, of course, would be calculated as follows: (((1 + 1)^ 12) -1) x 100. I would venture to say that your actual returns are not quite as good as you suggest.
Man... Not one of these again... You're totally living in cloud-cuckoo-land with your calculations. Let's get real: 1) I told you I don't compound. 2) Compounding doesn't work because of liquidity (your calculations are ridiculous). 3) I said "return on initial", not return on total capital. 4) Get off your horse, it isn't uncommon for a scalper to make 100% on initial. I know a few that do. S
why are so many of you responding to scientist? this is the same moron who wrote 400 page long posts claiming holding ES overnight in a $4k account was NOT high leverage and then tried to justify it by quoting near-verbatim from EMH. this, naturally, after claiming EMH was crap. the guy does not trade, he knows less than nothing about trading, hell, i doubt he knows his left pinkie from his right big toe. just put him on ignore and save your effort for discussions that might actually benefit something other than one sod's lonely ego. and if you really must engage with the twit, please stop quoting his entire posts so those of us who have him on ignore don't have to wade through his oceans of chicken droppings.
Holding ES overnight in a $4k account? LOL that is one of the most hilarious things I've ever read here... Thanks for making me laugh again though, you're a riot.
Yeah, I know absolutely nothing about trading. As I've clearly demonstrated in TTW's room in the last couple of days... Who's your daddy?