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There is no good Trader in the World .......

Gary Sharp myfxpt com
myfxpt
Jan 02 2013 at 02:14
345 posts
biosko posted:
Just trust people with atleast 1-2 year live performance. Track like from mr Gary Sharp is not enough to prove that his system is stable. But when someone will prove you with track where its like 5% per month for 30 months it will be great. I just not understand why there are people presenting with their 6 months tracks which are not prove of success.


Great point. Can you give us a few examples?

biosko
Jan 03 2013 at 00:10
65 posts
myfxpt posted:
biosko posted:
Just trust people with atleast 1-2 year live performance. Track like from mr Gary Sharp is not enough to prove that his system is stable. But when someone will prove you with track where its like 5% per month for 30 months it will be great. I just not understand why there are people presenting with their 6 months tracks which are not prove of success.


Great point. Can you give us a few examples?


I have just 1 year live track here on myfxbook thats why I am not telling you look at me because I am not meeting yet my requirements BUT I am not advertising myself and my system here even I made 5% per month for 11 months.
I just dont understand people that they advertising their new accounts with few months of performance luring new investors into it and guest what? After few month they disappear because their trading is based on luck. They were lucky for few months but their system will not work for 2 years with constant income. Thats why majority of users here advertising here only new accounts or account with 6 month history. Just do research for yourself.
Or put track on some account of advertisers here. They will be all closed soon or later. Or just open topic with name FX Manager board and tell how many accounts are still live from this topic with 40 pages.

Mike Yap
mikeyap9
Jan 04 2013 at 06:30
65 posts
biosko posted:
I just dont understand people that they advertising their new accounts with few months of performance luring new investors into it and guest what? After few month they disappear because their trading is based on luck. They were lucky for few months but their system will not work for 2 years with constant income. Thats why majority of users here advertising here only new accounts or account with 6 month history. Just do research for yourself.
Or put track on some account of advertisers here. They will be all closed soon or later. Or just open topic with name FX Manager board and tell how many accounts are still live from this topic with 40 pages.

It's the trader's mindset biosko. When we are successful in the short run, we think it's going forever. I want a long record too but, I rather have a hot streak now than 2 years ago. Look at last 3 month of some of the high return systems with 30 months record that you like, they are flat or going down. If you follow them now, you'll probably lose. So why not follow someone with a short record but going up.

supertrader91
Jan 06 2013 at 02:05
82 posts
Hi there godfather,

I agree with that if a trader can't trade a 100usd they surely can't trade bigger account. Well its about risk percentage.

Track my account for some months and let me know what you think 😄

https://www.myfxbook.com/members/supertrader91/superb/450775

If you work hard consistently eventually you will get it.
madeeasyfunds (madeeasyfunds)
Jan 06 2013 at 17:02
10 posts
excellent point Mike Yap

Keep the Equity That's the best profit
biosko
Jan 07 2013 at 00:39
65 posts
Mike, you should have hot streak for 2-3 years to be successful, trading is not gambling or luck.

Gary Sharp myfxpt com
myfxpt
Jan 07 2013 at 06:36
345 posts
Does anyone remember Nylex corporation during the 1980s? It was reported in the press that 'had you invested $1,000 and re-invested the dividends, you would have turned your initial $1,000 investment into $10,000.' Of course, this article was printed after the fact, but that did not stop naive investors from jumping on the wagon with the expectation that Nylex would continue to rise in value. Meanwhile, seasoned investors were liquidating their positions. Shortly thereafter along came the 1987 stockmarket crash.

It's really difficult to determine in advance which system, strategy, or manager will provide the greater reward (or loss!), just as it is difficult (maybe impossible) to determine in advance if a trend will continue, and how far it will go. So why waste your time trying to figure it out?

Just focus on what DOES happen!

madeeasyfunds (madeeasyfunds)
Jan 07 2013 at 07:26
10 posts
2-3 years trading isn't guarantee for trading success.we musn't get overly speculative.simple

Keep the Equity That's the best profit
Mike Yap
mikeyap9
Jan 07 2013 at 07:27
65 posts
I hope I'm building up to that biosko. I learned how to figure out my losing streak based on current win/loss probability. Now I know how long to wait out a losing streak before changing to yet another system.

madeeasyfunds (madeeasyfunds)
Jan 07 2013 at 09:01
10 posts
@Mike Yap yet again another sound contribution.How i wished most folks that posted in this thread would relate with your opinion.Anyways i had 170 trades 2losses manually within 3months at a time and another time my losses equaled my wins.it's Life.Guess we have to give some space for some few wrongs

Keep the Equity That's the best profit
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