You are here too? Give it a rest and seek help! You are obsessed with "busting vendors" due to yourself being burned so many times cause of you being naive in the past. In addition, Ihave been told you are a failed vendor yourself Ross. A FAILED VENDOR so you now go on the attack against those you see as succesful. You are one twisted person. Seek help Your friends at elite.
Money management isn't ONLY for swing trades with something like 1:4 risk / reward ratios. Scalping volitility is a valid trading style and can still work - it just has different parameters.
Exactly. these Elite Traders just don't get it. Most don't trade and are cubicle jockeys reading books and pretending. Lots of fantasy out there, and even more angry burned people.
Here is the summary of THE TRADING SYSTEM of our vendor :TheExchange October 2009 November 2009 December 2009 : January 2010 : Summary october profit 5,554.6 november profit 1,378.80 december loss 2,012.90 january loss 12,811.10 TOTAL LOSS ONLY $7,890.6 Damn, I forgot to add the $305 coming from your 27k sqft "trading" office today, that's $ 0.0112/sqft , it is clear you don't pay the rent from your trading profits Exactly, most of those vendors don't have a PROFITABLE system, that's why they need to sell the magic trading system to make money
Hmmm, OK, since you are going all Van Tharp on me. Give us, the potential client, a maximum draw down percentage based on this system. The Even More Skeptical VIPER
Refusing to listen to the facts is a sign of mental illness. Have you considered joining forces with ross can't trade field Trader Zones? You too make quite the pare. ONCE AGAIN: and I dont know this Vendor from Atom, THE LOSS IS FROM A ROGUE TRADE BY A NOOB TRADR. IT HAS NOTHING TO DO WITH THE SYSTEM. WHAT IS IT THAT YOU CANT UNDERSTAND?? MR> ROSS CAN"t TRADE?
When you leave the possition trades that were NOT part of our scalping, here are the results. If anyone finds any errors, please let me know. These are the numbers as I see em from the brokerage statements. News Release Scalp Trade Journal (daily results are rounded downward) Trade Journal October 2009 1) Oct 7 = +.75 pts ES 2) Oct 8 = +1.0 3) Oct 9 = +.25 4) Oct 13= +.5 5) Oct 14= +.75 6) Oct 15= +.75 7) Oct 16= +.5 8) Oct 20= +.5 9) Oct 21= +.5 10)Oct 22= +.75 11)Oct 23= +.75 12)Oct 27= +.75 13)Oct 28= +.75 14)Oct 29= +2.5 15)Oct 29= +.25 16)Oct 30= +.75 ================ 16 of 16 wins, +12 pts November Trades 1) Nov 5= +.75 2) Nov 6= +.75 3) Nov 10= +.5 4) Nov 12= +1.5 5) Nov 12= -.75 6) Nov 13= -.5 7) Nov 17= +.75 8) Nov 18= +.5 9) Nov 19= $45/contract Natural Gas = apx +.5 ES 10)Nov 19= +.5 ================ 8 of 10 Winners +4.5 pts ES 24 of 26 for +16.5 total December 2009 1) Dec 02= +1.5 2) Dec 03= -1.0 3) Dec 04= +.25 4) Dec 10= +.25 5) Dec 11= -3.0 6) Dec 15= +.75 7) Dec 16= -3.0 ================ 4 of 7 winners -4.25pts ES 28 of 33 winners +12.25 total January 2010 1) Jan 05= -4.0 2) Jan 06= -1.25 3) Jan 07= +.25 4) Jan 08= +1.25 5) Jan 13= +1.75 6) Jan 14= +1.00 7) Jan 15= +1.25 8) Jan 27= +$50/contract Mini Crude Oil = Apx .5 ES 9) Jan 27= +2.0 10)Jan 28= +2.5 11)Jan 29= +1.25 =============== 9 of 11 winners for +6.5 pts 37 of 44 winners +18.75pts ES February 2010 Trade Journal (brokerage statement not in yet,subject to revision) 1) Feb 01= +.75 2) Feb 03= +.75 3) Feb 03= +1.25 4) Feb 03= +45/Emini Crude =apx +.5 ES 5) Feb 04= +1.5 6) Feb 05= +1.75 7) Feb 12= +.75 8) Feb 12= +1.0 9) ??? 10) Feb 23= +1.5 11) Feb 24= +1.5 12) Feb 25= +.5 13) Feb 26= +1.25 14) Feb 27= +.25 15) Feb 27= +1.0 ============== 14 of 14 winner for 14.25 pts 51 of 58 for 33.00 pts
The worst draw down so far (using this one trader) is 5.75 pts ES per contract traded... In December. If ya trade one contract per $3000 in equity, that's about a little less than a 10% draw down. I've seen worse draw downs.