YM Magic!

Discussion in 'Journals' started by TheTrue1, Mar 7, 2017.

  1. Overnight

    Overnight

    Ahh, that is what I was missing. Thanks!
     
    #381     Apr 3, 2017
  2. jl1575

    jl1575

    One thing I don't understand: since you have a good system and you are confident and you showed making quite some good calls, why don't you just open an account with AMP with even $2000 and start making real cash, instead of hoping to get some subscription fee. I am pretty sure you are aware of the low margin requirement from AMP ($500 per contract for emini), so for $2000 you can comfortably trade 1-2 cars, if you system is solid, and apparently you are quite experienced to avoid big draw down based on the recent data. Do you worry you can't get this kind of performance when trading live account? But even you get 50% of this performance, a 50% monthly return is still great.
     
    Last edited: Apr 3, 2017
    #382     Apr 3, 2017
  3. TheTrue1

    TheTrue1

    When I do, it will be for more than 2000 dollars. Add to that, I like helping others make money as much as I like making for myself. What's wrong with both? Times are hard. People need ways to better their financial status.
     
    #383     Apr 3, 2017
  4. TheTrue1

    TheTrue1

    A gift is not a gift until its shared with others.
     
    #384     Apr 3, 2017
  5. algofy

    algofy

    Laying it on a little thick here my friend???
     
    #385     Apr 3, 2017
  6. JackRab

    JackRab

    You know the answer to that ;)

    As @southall points out, it's easy to call out trades and 'make' money when at the time of posting there's already a 5 point move underway. That's a big advantage and from that 5 point lead you can steadily make money. It's like having a 5 point insurance...

    So, the reason OP wants subscribers is because he doesn't have any cash and a lot of free time...
     
    #386     Apr 3, 2017
  7. Buy1Sell2

    Buy1Sell2

    So here is the rub--- Trading 5 contracts means you are controlling roughly $514,000 with just $10,000. That is leverage of 51.4 to 1.---Doesn't sound like a real good plan does it?
     
    #387     Apr 4, 2017
  8. Buy1Sell2

    Buy1Sell2

    Here is a second example of having a profit target of 30 pts($750) but giving credit for 60 pts ($1500) profit. I think you need to rectify this in your study and make appropriate changes going forth.
     
    #388     Apr 4, 2017
  9. Buy1Sell2

    Buy1Sell2

    --and a further example of crediting more gain than initial trade.
     
    #389     Apr 4, 2017
  10. southall

    southall

    Its a great plan for a fake paper trader who has no real money on the line, he gets to show off huge rates of return.

    Not a good plan for his followers who will blowup pretty quick when using 50:1 leverage.
     
    #390     Apr 4, 2017
    JackRab likes this.