Why bring it up then if you're not in the seminar biz? Buying a seminar from a guy who trades sim and doesn't understand the basics is laughable man.
Lol. As I noted previously, I didn't take the course but what I do remember him emphasizing about account size relative to trades in his articles is that it's better to have one or two set ups (which follow the price action cycle) you are comfortable and confident with and only trade those set ups. Don't be all over the map (i.e. session) looking for isolated set ups. Once your comfortable with how your one or two set ups work then just add contracts gradually until you reach your maximum risk tolerance level. As far as percentage return relative to account size, I'm not sure how that works. Would you care to expound on that point, algo?
I've indicated before I don't trade SIM and I believe I understand the basics and more of futures trading very well. And I brought it up as an aside. Look at my first post, I said I "may" conduct a "trading futures in a nutshell" seminar, not that I was necessarily going to. Depended on interest. You don't have to be in the car "business" to consider selling a spare vehicle you have at home. Sorry if you don't understand that. God willing, I'll be laughing all the way to the bank, thank you very much.
If you have a 1000 account and utilizing full day trade margin and go on a nice run and make 5000, you just had a 500% run. If you have 1 billion, you're not going to be able to buy enough ES contracts to get a 500% return. Liquidity influences % return potential. Maybe you should take a beginning futures seminar instead of leading one
Okay, I read through the thread and it sure looks like the majority of veteran posters must be busy or bored to let the thread meander without stating the obvious, so I'll bite: You say you've spent a 2.5 years trading, took a seminar, then read Al Brooks, and now have a system that gives you 5-10 pts daily with just 1 pt risk. You emphasize that it took you 1.5 years to come up with your current system. A time span of 2.5 years is not much at all when it comes to the time it takes to become proficient in trading, but certainly is enough time for you to already know the basics of what the trading success and failure rates are. So to start an entry that you have this "system" that nets 5-10 pts daily with just 1 pt of risk per trade and then ask how does it compare is beyond ludicrous and reeks of troll bait. You may as well say you have a system that guarantees lottery jackpots monthly, and "wonder" if that's any good compared to the results of other lottery players. You claim you read Al Brooks- and he clearly states that if you can get 1-2 pts solid per day, you are doing great because you can always adjust leverage, but somehow that escapes you so you have "no idea" of whether "5-10 pts daily" is good or not. Algofy responds sarcastically, and now you're forced to play along as if you have no idea about what a good return is, but strangely enough, you know all about the returns of major hedge funds and "wonder" why that can't match your "performance". The kicker is you haven't even started your system, have no long term performance results to discuss/post as evidence or proof, yet feel okay to criticize the "poor" hedge funds who can't match the 100% return of your system, which you have no long term data on, if any. Yeah, this is a legit thread - no troll bait at all.....
Thanks for saying this. I didn't want to waste my words as its so obvious. 80% of new posters lately, if not more, are all troll bait. The guy is either going to blow up, or post fake trades. Given how he started with something so controversial, its obvious he is already another alias troll. Its all getting really old. Seeing as he is in Florida, or so he states, he probably knows surf, or is surf, or wishes he was surf, etc.
My strategy which I've tested with live market data will yield between 5-10 points daily (a.m. and p.m. sessions) on the ES with a one-point stop on each trade. None of you have to believe it. I don't care. I'm over the snide, I'll mannered, pseudo-intelligent comments. Good luck with your trading endeavors.
Gotcha's here! GET prepare to get your teeth picked on every trade. Make haste and come up with good documentation for every trade. And don't forget losers too. Stop losses too. AND not too many winners. Apparently, Gotcha gets heart palpitations if too many winners and not enough losers. Bty.....under Gotcha's careful eye no moving SL. He will bust you for that too. Let the games begin! ROFLMAO. Can i get a front row seat? Dang i hope you are wildly successful GET and can show undeniable proof of such. But wait. What if you don't report ALL your losing trades but just enough to make it believable. Oh dear what shall we do? Never mind Gotcha will figure out something. Are you starting bright and early tomm morning at 8:30 chicago time? Don't worry about the implied Surf connection. Surely you cannot be him??? For some reason Gotcha is suspicious........ PS we are a bunch of incorrigibles here at ET. But don't let ANY of us hinder your advancement. Just do your job...follow your system to the tee (as you say) and report your trades honestly and faithfully and let the tree fall where it may. When can we expect the first trade? No pressure...just a question. PPSS Golden Eagle this song may help lift you and inspire you!