Nov 30 2017 at 12:59
togr posted:
Guys,
IMHO this is getting offtopic.
My 2 cents.
You can be millionaire without placing a single trade, as you get money another way.
I believe for trader it is not the most important to be millionaire but to trade with good risk/reward ratio for long term period.
Achieving this should lead to become a millionaire :)
Well said risk/reward is the essence of a good trader, you nail that and your on your way.
"They mistook leverage with genius".
Nov 30 2017 at 15:31
TO me I BELIEVE
The definition of a millionaire trader will be someone who was consistent,who his consistent and someone who makes profit from the market monthly ,because such person can handle any account given to him to manage.so friend look not for a millionaire mentor ,why not look for someone who will teach you to be consistent in your profit.😄😄😄
The definition of a millionaire trader will be someone who was consistent,who his consistent and someone who makes profit from the market monthly ,because such person can handle any account given to him to manage.so friend look not for a millionaire mentor ,why not look for someone who will teach you to be consistent in your profit.😄😄😄
Plan your trade and TRADE your plan in agreement with the MARKET.
Nov 30 2017 at 15:41
Wildbill posted:
Anyone who is good at mentoring and training a trader is going to want a legitimate payment for their services. You can't expect much for free beyond what some email gurus want to put out on the internet as advertisements for their paid service. Much of that free email advice is not worth much.
I tried to tough it out for years by myself because I thought I was too intelligent to need mentoring. I finally surrendered my ego and became successful by going through a mentoring program that I attend every morning. I found myself making thousands of pips per month and the cost is worth every penny.
Are you millionaire from trading ???
Dec 01 2017 at 12:41
killaogbobby posted:Wildbill posted:
Anyone who is good at mentoring and training a trader is going to want a legitimate payment for their services. You can't expect much for free beyond what some email gurus want to put out on the internet as advertisements for their paid service. Much of that free email advice is not worth much.
I tried to tough it out for years by myself because I thought I was too intelligent to need mentoring. I finally surrendered my ego and became successful by going through a mentoring program that I attend every morning. I found myself making thousands of pips per month and the cost is worth every penny.
Are you millionaire from trading ???
If someone were millionaire from trading why on earth would he waste time to train you for couple of bucks?
Why would millionaire from trading ever work for you?
You are so funny :)
Dec 03 2017 at 07:38
togr posted:killaogbobby posted:Wildbill posted:
Anyone who is good at mentoring and training a trader is going to want a legitimate payment for their services. You can't expect much for free beyond what some email gurus want to put out on the internet as advertisements for their paid service. Much of that free email advice is not worth much.
I tried to tough it out for years by myself because I thought I was too intelligent to need mentoring. I finally surrendered my ego and became successful by going through a mentoring program that I attend every morning. I found myself making thousands of pips per month and the cost is worth every penny.
Are you millionaire from trading ???
If someone were millionaire from trading why on earth would he waste time to train you for couple of bucks?
Why would millionaire from trading ever work for you?
You are so funny :)
WAS I TALKING TO YOU????
Dec 04 2017 at 15:45
The only person a millionaire would mentor is a billionaire...so he gets something off it.
Dec 05 2017 at 15:39
mmltd posted:I like that :)
The only person a millionaire would mentor is a billionaire...so he gets something off it.
Dec 25 2017 at 08:00
mmltd posted:
The only person a millionaire would mentor is a billionaire...so he gets something off it.
makes not sense thus the reason your neither
Jan 10 2018 at 06:28
peterfxpunctual posted:
Read trading in the zone. Mark Douglas
Bang on the buck. Thats what helped me. Still on the process of correcting my physcholigical side of trading.
Jan 25 2018 at 07:08
So how's that so called millionaire search coming for you?? Lol
😎
Fortis Fortuna Aduivat
Jan 29 2018 at 06:38
FXTrader1983 posted:
So how's that so called millionaire search coming for you?? Lol
it went get ... still looking for more information from millionaire and since you not one lol
Jan 30 2018 at 07:03
Oh...'it went get' huh? Might be why you're still looking lmao. Like I said...I don't have to be a millionaire to know what I'm doing(this is in less than 2 months) lol
Attachments:
Jan 30 2018 at 07:14
FXTrader1983 posted:
Oh...'it went get' huh? Might be why you're still looking lmao. Like I said...I don't have to be a millionaire to know what I'm doing(this is in less than 2 months) lol
oh wow .. your super awesome and super cool .... Everything about you is cool ....Can i be like you ? When can i start ??
Jan 30 2018 at 08:42
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.
Example.
Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.
9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000
That's a net loss of -$100.
In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.
Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.
Example.
Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.
9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000
That's a net loss of -$100.
In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.
Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.
Mythsphinx posted:
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.
Example.
Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.
9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000
That's a net loss of -$100.
In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.
Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.
If the risk : reward is 1:1 then this system could be the best.
Mythsphinx posted:GREAT TRUTH
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.
Example.
Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.
9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000
That's a net loss of -$100.
In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.
Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.
Fortis Fortuna Aduivat
Jan 31 2018 at 07:39
killaogbobby posted:
Hello
I been trading for 5 years and I was full time. I learned everything on my own but I realize I need a mentor someone to help me be more consistent and take me to the next level. I can not learn from someone who is not a multi millionaire from trading. My belief is -- you can only lead someone as far as you have gone yourself. I believe I need to be tweeked .... not trading 101 ground zone, unless my mentor deems it necessary . I'm looking for someone who is really passionate about help someone succeed. If your mentor does want or believes in you then you won't succeed. Anybody who is making money and has time to spare to screen share have a few trading conversations and help me get to the next level. It is much appreciated ..
...I Really Need a Mentor That is Making Money...
Do you understand that
such guy does not need you :)
Jan 31 2018 at 07:55
Mythsphinx posted:
Hmmm.. Not trying to be rude or anything, but winning percentage doesn't mean a system is profitable.
Example.
Say someone have a 90% win rate. But the Risk: Reward is 10:1.
What this means is every time that person wins, he wins say $100 but every time he looses, he loose $1000. So with a win rate of 90% that person should win on average 9 times out of 10 and loose 1 time out of 10. So let's do the maths.
9 wins = 9 x $100 = $900
1 loss = 1 x $1000 = $1000
That's a net loss of -$100.
In this scenario, even though that person had a 90% win rate, the system was still a losing system because of the Risk:Reward ratio. I'm only saying that so people are aware that win rate isn't enough information to buy into a system. Also, you didn't include the average loss, draw down and risk per trade. All of which are very important.
Placing 2697 trades in less than 2 months, that's more than 67 trades per day. I'm guessing you're a scalper.
This is true. However, my expectancy is currently 9.4 pips at .99 cents. You can see the pips that have been accumulated thus far. Do a little math and their you have it.
Feb 01 2018 at 08:43
That's great. Keep it up. Hope you keep on improving on your trading and making more profit.
Another thing I wish to pass on to new traders is that pips doesn't tell you if a system is profitable or not. My expectancy is currently -10.7 pips with +$0.98. So I'm expected to lose pips but make profit. So be careful if someone just post how many pips they make per week but doesn't tell you if they've made profit or not.
Also, My gain is -60%+ but absolute gain is +9%. Again, gain alone doesn't tell you the true story of whether someone is profitable or not. In my case, I think the reason I have negative pips and gain is because I lost for the first 5months. But I was able to recover in the last 5 months and somehow my stats are messed up. But I'm leaving it like that so other traders can see for themselves and hopefully learn not to follow blindly into +gain accounts that doesn't show absolute gain, drawdown, etc... I've seen accounts with 1mil%+ gains but doesn't show the rest of their stats.
If you are following the progress on my account, there is a chance you might see the account blown in the next couple of months because I'm testing increasing the risk 5x to test how I handle it (psychology). Basically to see if I'm ready to invest more money into trading.
The way I'm trading is simple. I have $5k but I will trade as if I have $25k in my trading account. In truth, I do have $25k, but $20k is in the bank and $5k is in the trading account. This is my way of risk management in case my broker goes broke or something. I'm still risking 2% of my total trading cash which is $500 (for $25k), but on my account it will look like 10%. I've placed one trade so far and already the bigger number is making second guess myself a little. I plan to power through and either swim or sink. So in a month or 2 you will either see a bigger account or a blown account.
Another thing I wish to pass on to new traders is that pips doesn't tell you if a system is profitable or not. My expectancy is currently -10.7 pips with +$0.98. So I'm expected to lose pips but make profit. So be careful if someone just post how many pips they make per week but doesn't tell you if they've made profit or not.
Also, My gain is -60%+ but absolute gain is +9%. Again, gain alone doesn't tell you the true story of whether someone is profitable or not. In my case, I think the reason I have negative pips and gain is because I lost for the first 5months. But I was able to recover in the last 5 months and somehow my stats are messed up. But I'm leaving it like that so other traders can see for themselves and hopefully learn not to follow blindly into +gain accounts that doesn't show absolute gain, drawdown, etc... I've seen accounts with 1mil%+ gains but doesn't show the rest of their stats.
If you are following the progress on my account, there is a chance you might see the account blown in the next couple of months because I'm testing increasing the risk 5x to test how I handle it (psychology). Basically to see if I'm ready to invest more money into trading.
The way I'm trading is simple. I have $5k but I will trade as if I have $25k in my trading account. In truth, I do have $25k, but $20k is in the bank and $5k is in the trading account. This is my way of risk management in case my broker goes broke or something. I'm still risking 2% of my total trading cash which is $500 (for $25k), but on my account it will look like 10%. I've placed one trade so far and already the bigger number is making second guess myself a little. I plan to power through and either swim or sink. So in a month or 2 you will either see a bigger account or a blown account.
