Not a bad start. Hmm, I never made more then 600 pips a month. Good luck with your endeavour. Anybody bet $10 on the outcome? Can he make it? Just please, bet only if you're still here in 6 months time. I've won the bet on Vassiliios but the guy who said Vass would blow his account has disappeared like a fart in a windstorm. Shame.
There is big difference between trading $150 and $150 000. Similar experiments are very misleading due to completely different emotional status of the trader. When 1 pip is 1 cent you can risk much more and much easier, but if 1 pip is 1k... different story. That's why demo and small account do not represent the reality.
This is not so true if trade using EA. EA has no emotion at all. No matter 1pip = 1cent or 1pip = 10 dollars it will be totally same for computer (EA).
I 95% agree on that but I have the impression this is manual trading. 5% is against it because even though the EA is w/o emotions, there's always a man with emotions behind every EA out there. I've been trading my account with EA and fairly large lot sizes and all I can say is I didn't sleep well. Anyway, emotions due to trade size could vary a lot depending on the general wealth conditions of the trader but you know what I'm talking about. 0.5 trade lot size could be much to me but it could be nothing to someone with $1 000 000 account. But come on, $58.5 is $58.5, close to nothing. No matter how much you risk the most you can lose is $58.5(close to nothing). Therefore the trader's behaviour could very risky due to the negligible ammount of money that can be lost. That's why I consider these results do not represent the true capabilities(both technical and emotional) of the trader.
goliat1980 posted: but if I go from $ 58 to $ 1000
If this, if that.. Even if you can do it that doesn't mean you can perform the same way with let's say $58 500 to $1 000 000. My point is that $58.5 is pocket money. Even if you lose it the single consequece is that you're out of money for the day, therefore you could trade much riskier because you don't care. BUT let's presume that $58 500 is all the money you have and if you lose it, you lose your house, your family's good life ecc. WOULD YOU TRADE THE SAME WAY IN THAT CASE?
Good going indeed. May I have a question. Why do you want to run a PAMM system if you intend to double the dough every month? Clients can be such a pain in the ass. You have to create reports, they ask stupid questions like why is it only 99% this month, and so on and so on. Not to mention the tax office. You, as a manager, provide service which could be taxed differently than the standard Capital Gains Tax. A lot of headache, you see. If you start with $100, and if (I said if) you can produce 100 % a month then you will have money to burrrrn in less than a year ... and no fuss with the customers.
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