Can the real traders please stand up

Feb 20, 2010 at 00:49
10,819 Visa
95 Replies
pearlo
forex_trader_8864
Medlem sedan Mar 18, 2010   127 inlägg
Apr 12, 2010 at 05:54
50% monthly is very possible. someday i will be doing it. hopefully. 😎
Medlem sedan Oct 28, 2009   1424 inlägg
Apr 12, 2010 at 07:48
The problem with trading with more equity is getting filled. If you're playing with a fund of millions or billions your entry to the market is very different than buying one mini lot from an MT4 broker. For example you can forget trying to scalp the Asian session.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
forex_trader_7
Medlem sedan Aug 01, 2009   941 inlägg
Apr 12, 2010 at 10:40
No fund will scalp on thinks, but there was one on BBC recently that turned it's entire portfolio 22 times for the month. Liquidity is not an issue...



Medlem sedan Oct 28, 2009   1424 inlägg
Apr 12, 2010 at 12:10
You don't think? I reckon if I wanted to enter the market at say 10,000 standard lots then I'd have trouble getting filled all at the same price.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
forex_trader_7
Medlem sedan Aug 01, 2009   941 inlägg
Apr 12, 2010 at 12:37
But they'll trade positional. Working your way in a few hundred pips won't be a problem. Juts look at the COT reports vs daily ranges. How big was that change this morning on a 160 pip move on Friday....

One big trade might cause a spike, but scale it in during a hour or so.
Medlem sedan Oct 17, 2009   10 inlägg
Apr 30, 2010 at 10:49

Elkart posted:
    I'm a global hillbilly. I do two things. I trade and I dive. If I'm not trading it's because I'm on a ship and if I'm not on a ship I'm trading. In fact now days I trade even when I'm on the ship. But ironically the ships happen less and less. Yet the traveling is more and more. Haven't been home for over a year now. I write to my car every month.

This lifestyle has taken me around the world, as far as I can tell, at least twice. Over the years I've met many people that I got to know on forums. I make a point of meeting up with traders I speak to when I'm in their area. And that's how I ended up once in the Singapore library staring at a Bloomberg terminal with a real trader. Only a poor trader would know there's a Bloomberg terminal in a library in Singapore. Cause that's the trader who made a plan to get what he needs.

He's not a wealthy guy. Has about a 10k account I think. Every month he does about 50% on that. Covers his bills. Keeps the family alive. Singapore is expensive, so ends just meet. Not much work for an aspiring trader due to the global crisis. And every month, he does 50% again and again and again. I can't do that. Practically no one can.

Then there's my German friend. Same thing. Every month it's hand to mouth in fx. And then there's......the list goes on.

So last night I have a 'fund manager' who can't make 1% in three months, try justify his existence by saying 'you don't know how macro funds work'. He talks down to me. Because I know 'less' and use stupid Metatrader. Somehow having a 'fund' makes it's acceptable to not perform? Not only acceptable, but desirable. And then 'people' complain because I'm being belligerent.

I know about funds. Madoff had one. LTC was one. Enron had some. All wealthy outstanding citizens and corporations.

Metatrader might have bad rep. But it has done one thing. We no longer have to hand over our money. We can keep it in our hands. Out of the hands of those who will take it and stick enough of it in trust funds so they can live rich while the fund goes bust.

I'm a wild card. But I'm a real trader. I make my money from trading and diving. Not from taking advantage of other people. And I am proud of that.

The best traders in the world no one hears about. It's the guy in the Singapore library (walk in there any time of day and you'll see one or two hanging around waiting for the terminal), it's my german friend. It's the guy who pays his bills every month, the guy that has to take the trade to eat. It's that Malaysian dude trading $100 to $200 and the Indian dude that heard he can make $100 a month using forex and struggles for 5 years to do it.

Those are the guys I respect. Not Mr. give me your money so I can take advantage of you. I call it the way it is. A spade is a spade. And with a little bit of luck, a lot of practice and good old stupid metatrader we might just be able to change a few things.

Elkart,
I would be pleased to meet you anytime you are in the UK.
Darren
Low risk, low emotion.
Elkart
forex_trader_7
Medlem sedan Aug 01, 2009   941 inlägg
Apr 30, 2010 at 11:27
Darren

It's the one place I haven't been to. The big smoke. Always like the idea of going to Ireland as well.

One day...one day....
Medlem sedan Apr 13, 2010   83 inlägg
May 08, 2010 at 08:54
david tepper manages 12billion dollars. 1% of that is what?😉
winning isnt victory and losing isnt defeat.
Elkart
forex_trader_7
Medlem sedan Aug 01, 2009   941 inlägg
May 08, 2010 at 14:26
Doesn't matter how much david tepper makes, what can he make for me? 1% or 3% or 6% just won't cut it.
Medlem sedan Oct 30, 2009   35 inlägg
Jun 01, 2010 at 20:50

MIDASUser posted:
    I don't consider myself in anyway a very experienced trader, but even I'm getting almost 20% a month since October! Well the bot is in anyways! LOL

I looked at published track record. Robot seem to have taken a bit too much risk.
Trading should be boring otherwise you are losing money.
Medlem sedan Oct 30, 2009   35 inlägg
Jun 01, 2010 at 20:53
Have people scalped really big on this forum. I tried once a 12 lot on MT4 it is a nightmare, you do get slippage big time. As Metatrader is a dealing desk platform it can not do partial fills like a Currenex can. Eventually there is a limit to how much you can take with larger amounts of money.
Trading should be boring otherwise you are losing money.
Medlem sedan Jul 27, 2010   8 inlägg
Aug 01, 2010 at 05:11

klaatu posted:
    Its one thing to risk 1k - 10k and make 50%... it's another to risk a hundred million to make the same. Different worlds. Real Forex desks work in many different ways.. what is the point in claiming one is more 'real' than the other? Did the fund manager beat you up?

agree

he never really understand liquidity
Medlem sedan Jul 27, 2010   8 inlägg
Aug 01, 2010 at 05:18

fortenova posted:
    Have people scalped really big on this forum. I tried once a 12 lot on MT4 it is a nightmare, you do get slippage big time. As Metatrader is a dealing desk platform it can not do partial fills like a Currenex can. Eventually there is a limit to how much you can take with larger amounts of money.

some currenex users uses Oanda's charting

btw 12 lots is possible with Oanda
Medlem sedan Mar 12, 2011   36 inlägg
Mar 24, 2011 at 22:31
first i thougt im here in the new traders section of this forum. ...
you believe you can make 50% per month?!

cxalgo
forex_trader_10241
Medlem sedan Apr 15, 2010   35 inlägg
Mar 25, 2011 at 21:21
look on my real depot and you know and it´s in 98% simmilar with my demodepot, we will see in a few weeks and month, i have time 😁
Medlem sedan Mar 12, 2011   36 inlägg
Mar 25, 2011 at 21:52
a 1 month track record?... even if you had a 2 years statement i wouldnt believe you...
nevertheless, i wish you good look.

have a nice weekend
Medlem sedan Apr 27, 2010   47 inlägg
Apr 06, 2011 at 15:42
Low drawdown, Good Return

Live account statement https://www.myfxbook.com/portfolio/diamondfx-live-2011/100218

Our accounts are generating steady profits in all market condition using proper risk management .
Building a profitable portfolio for our clients worldwide.
Medlem sedan Sep 04, 2009   879 inlägg
Apr 06, 2011 at 15:47

diamondfx posted:
    Low drawdown, Good Return

Live account statement https://www.myfxbook.com/portfolio/diamondfx-live-2011/100218

Our accounts are generating steady profits in all market condition using proper risk management .


Account not verified, better you come back in a year or two
Medlem sedan Apr 27, 2010   47 inlägg
Apr 06, 2011 at 16:28
@pc8multifx - If you are interested in our result , you can request for Login and Investor Password and we would gladly provide you .
Also if you look carefully you will see its a live account still trading with $2,400 withdrawal made already and equity at $1,500 initial deposit within 3 months.

If you are not an investor kindly keep your comment to yourself.


Best Regards,

Diamond FX Group.
Building a profitable portfolio for our clients worldwide.
Medlem sedan Sep 04, 2009   879 inlägg
Apr 06, 2011 at 17:54
As long as you are not provide verified account on myfxbook kindly keep your promotion to yourself.

BTW why don't you answer your(ex)- client 'etrade-guru'??? 20K in less than 3 days blown? This is probabely new world record LOL
https://www.myfxbook.com/community/trading-systems/diamond-fx-2011/43341,1#?pt=2&p=3&o=43341
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