Thoughts on COMP/S.
I am thinking about this comp and comps in general. There is only one way to win and thats to push the boundaries, if you trade in a sensible manner and trade well increasing your account by 1% a day = 20% over the month you still have little to no chance of winning.
If you look at the past contests and the % increase of the winners you will see what Im on about, all the winners took risks OR got seriously lucky.
No 'sensible' trader wins (without some good luck) and the winners normally have huge drawdowns.
What are your thoughts? MINE = We need to take risks to win ANY comp OR be on the right end of a BREXIT type trade.
Not saying comp winners are bad traders just that Taking LARGE RISK and LUCK seem to be major factors.
No pain ... No gain 😎
i think you are right ...
i win before and get 2nd position in contest ,,,, can not say it was completely luke but you need alot of it .
good luke 😉
95% of Traders blow out their account and these are the Traders that Brokers are very interested in because that's where Brokers make their money.
Brokers are not interested in the other 5% Consistent Traders.
Check out the Broker in details before depositing your hard-earned money with them.
That´s kind of a fairytale ... lots of them are floating around in several forums and lots of other monkey buisness, but most of the time it is the individual who´s not having order in there own papers.
The brooker needs you to stay in buisness.
They make money if you make money. They make money of you loose money.
If they take positons against you, they probably loose their license or get a bit ticket. Google FXCM ....😎