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What Robert said is completely correct.

penalty is 10% on the total withdrawal(if earlier than 59.5), not on the capital gain. They don't care how much capital gain, the only thing that matters is how much is the distribution. Listen to Robert, he is the expert.

I have two accounts, one future and one option. The option account is always making money, as I place very few trades and wait for solid signals and the trades last longer from a few hours to a couple days. The future account, barely makes even, too many trades that cost huge commissions. and...

Hard to do option back test. Only thing you can do is back test your strategy/ entry-exit signals and do a rough calculations, as prices move is not the same in option compared to equity.

So that would be 120K contracts a year. then the math is if you made net $10/contract, you would make 1.2 million a year.

You are right. I just found it was amusing first, and then I realized that he probably meant one lot (A= one, 1). Just normally people would use one lot or 1 lot, and I didn't pay much attention as well. English is probably not his native language, and not mine either.

"First step, I bought a lot of QM " "I start with a very tiny account and 2 lots QM contracts is my buying power limit." LOL. However, Good luck to your compound from 1 , 2 lot to 100 lots.

People, relax. You won't have problem if you don't take anyone's posting at ET too serious. You won't have problem if you don't need to get everyone else to agree with yours.

I read a story that a guy bought 2 pizzas with Bitcoins (some of the very early usage of BTC in real transaction), and the amount of Bitcoins he paid for the pizzas worth at least 20 millions now. Anyway, there are plenty of stories that people are making a fortune when Bitcoins are exploding...

10 years is the length for a lot people to reach the stage of consistent profitability, especially for people who have regular jobs; though some people got it earlier and some others got delayed a few years.

1) How you measure it and monitor it, the so called electrons into your feet? 2) Antioxidant are not simply electrons, much more complex How can he make such assumptions, a MD?

Of course.

Losing multiple of $50000, or 10 times of it, doesn't guarantee consistent profitable. It is a tough fact. If losing a certain amount of fund and one can reach CP big time, a lot of people will be willing to lose even a couple millions, as they can afford, if there is any guarantee. Trading is...

luckily you got out of AMZN yesterday

way to go! 370% in 5 days! In this rate to compound your profit, you will reach your 1 million goal in less than 2 months.

You probably know that Goldman Sachs only has 1-3 losing days each year these few years. Of course they are in a different game level.

Larry Williams showed one of his systems during a workshop, reported by someone who attended the show, that reached almost 100% wining probability; and there were other evidences that people achieved that kind of performance. Of course you don't expect those people to broadcast their systems.

Lets put it in this way, if you have a system that gives you signals that are 95% probability to be winner, then if you enter 10 to 20 trades in a day with the same risk limit, you are surely to have a profitable day. For a single trade, there is only probability, that is correct.

When you confidence becomes permanent as what Nodoji said as surely as sun rise and sun set, is when you wake up every day and you are sure you are going to make some profits from the market no matter it turns out, or almost everyday, at least every week.

If the guy didn't have an idea how much he made, 7 million or 10 millions, you know how true the statement would be, that is the point I tried to make. NO idea about the HSBC logo though. Never mind.