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  1. galvinlee888

    Am I doing something wrong? Making money can't be this easy...

    Very good call, you definitely better than 99% of the "expert" in ET :D
  2. galvinlee888

    Why do 95% of retail traders lose?

    The chance still higher than you are playing lottery, right ? :D The main killer for most traders is that they think they can improve their chance to win by overtrading, not realised that this will incur more slippage and commission. Encourage more people to trade is the main source of...
  3. galvinlee888

    Am I doing something wrong? Making money can't be this easy...

    You won't blow up $5000 if you have a stop loss and trade in the liquid instrument like ES during active market hour (7am - 4pm EST time) Something is not right here - you said you are making $200 - $300 in one contract after one to two hours. For ES with one contract to make $200-$300, it...
  4. galvinlee888

    Why do 95% of retail traders lose?

    you got it. :D
  5. galvinlee888

    Why do 95% of retail traders lose?

    Agreed. No one (repeat again - NO ONE even the most advanced HFT) can predict market in the next few mins, hours or days. Those claim they can do this based on some text book price pattern is not any better than reading the tea leaf or crystal ball.
  6. galvinlee888

    Why do 95% of retail traders lose?

    +1, deep pocket always in the advance side.
  7. galvinlee888

    Why do 95% of retail traders lose?

    This is the hypothesis for perfect world, the side of the trader than has 5% better edge than other side will end up to be in the top 5% winning camp. Look at the roulette, house only have 3-4% edge (due to green/zero) but they will win more than 95% in long term. This is much more...
  8. galvinlee888

    Why do 95% of retail traders lose?

    ++1, especially for the last two statement
  9. galvinlee888

    what should I look at to earn 3K in a month?

    Most "profitable" trader here can't even show they are profitable in 10 trade in row, most of the them will tell the whole world when they have one winning trade (with small profit), and keep the head down for the next two big losing trade
  10. galvinlee888

    what should I look at to earn 3K in a month?

    A monthly P/L won't tell anything and is still can be faked. To show your system is profitable, you have to posted your trade in REAL time - if you posted 10 trade in row in REAL time and you are profit (after commision and slippage, then the fact will speak by itself.
  11. galvinlee888

    Why do 95% of retail traders lose?

    I agreed time frame is a key, but to make money in long term, you definitely need a very long term time frame for your trade which this approach is no longer treat as day trade or swing trade. Anyone try to shot for 30-40 ticks in ES or CL is equal to suicide in long term. I did make money on...
  12. galvinlee888

    Why do 95% of retail traders lose?

    The day trade is one of the main source of income to all the broker and market making in recent years. The only way they can continue to make money (and get their fat bonus) is to lure more and more amatuer to trade. 5K for one amatuer account is nothing but 10 000 new accounts a month is a...
  13. galvinlee888

    Why do 95% of retail traders lose?

    Really ? After you pay for the slippage and commision ? :D
  14. galvinlee888

    Why do 95% of retail traders lose?

    Yup. Brokatage & Exchange, market maker (or HFT in thhis day) always in the odd side to win. Same as the owner of the casino. Recall for ES - you loss immediately TWO ticks PLUS commision when you enter any trade, if you are aiming of 30 ticks win/loss ratio, you are actually in the worse...
  15. galvinlee888

    Why do 95% of retail traders lose?

    The 10% winner include broker and market maker (or HFT in this day). The "actual" winner for retail is < 1%, and most of them trade using some kind of "edge" - and believe or not, most of those edge are either a market loop hole (which will not last long)or illegal stuff ..
  16. galvinlee888

    Why do 95% of retail traders lose?

    You either never trade ES or you attend too many seminars or BS trading course organised by losers type of traders, or you are from broker or market making business where your sole of purpose is to coach as many people as possible to trade(aka owner for the casino ) You can't win in SHORT...
  17. galvinlee888

    How many Trades?

    If you can make 35% in three months, you are better than anyone in here. You no need to be here to ask any question as none of us are qualify to give you any advice.
  18. galvinlee888

    what should I look at to earn 3K in a month?

    Over the years I have developed an automatic trading system that have 100% return in each month. It is a x-code program that will run in all window based pc and will directly connected to your broker platform. The system will pick the right strategy for you every month and do all the entry/exit...
  19. galvinlee888

    what should I look at to earn 3K in a month?

    You can make average 3k/month if you have 100K capital, even in this case, you has to be experience enough. 6K ? Better invest to buy and read some good trading books, and hopefully you can get a job in any pro. form.
  20. galvinlee888

    Themis Trading: The HFT Whistleblower

    I agreed, most of the replies here just try to attack the Themis Trading. I won't said Themis Trading is a good broker/ The main purpose of the attack is to divert the attention of the the HFT front running issue :D This site is sponsor by Broker. :p
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