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  1. xelite777

    First P&F algo strategy on ET

    Hi TexasTeaTrader, In my humble opinion, the only potential problem I see with your live trades is that the snapshots you post do not seem to be related to any particular and specific trading account, like account # FX-3120-7420 for example (demo or real). Experience shows that these type of...
  2. xelite777

    First P&F algo strategy on ET

    Imagine the following scenario: A trader opens two different demo accounts (or even real accounts). One of the account will trade position A while the second account will trade the exact opposite of position A, at the same moment. So he is always short and long at the same time, on the same...
  3. xelite777

    Million Dollar Traders

    I assume you are talking about the successful ones?
  4. xelite777

    Million Dollar Traders

    Who told you that? :confused:
  5. xelite777

    Million Dollar Traders

    "Million Dollar Traders" is a three part series that aired on the BBC about hedge fund manager Lex Van Dam who tries to teach ordinary people to become successful traders. The series is particularly interesting because none of the traders understand what they are doing, but they all trade as...
  6. xelite777

    Question about selling a strategy

    I suggest you post 10 or 20 live trades here on ET, with specific entry/exit/stop levels, this would at least give some immediate credibility to your trading system.
  7. xelite777

    Question about selling a strategy

    Not if this one trade triples your trading account, Kut2k2 :D Just kidding.
  8. xelite777

    Question about selling a strategy

    No necessarily, Eyez. A trader could design 10 or 20 so-so trading systems that generate, let's say 15% a year and a maximum drawdown of 10% (still a nice return on investment) and sell them quickly for a nice profit (100K for example). And with that money he could trade his own 35% a year...
  9. xelite777

    THE Super Ultra Wealthy Man can see the future, he sees horror ahead

    All the problems on this planet come from a simple fact: a small but extremely powerful elite controls every freaking aspect of our life. And this control will become bigger and bigger in the future, until we are totally enslaved by the coming so-called "New World Order". Please, please, stop...
  10. xelite777

    Exit methods for trend-traders

    No, random entries work because there is something called "trend" in every freely traded financial market, and with the right exit strategy you can capture a good portion of that trend, even if the entries are totally random. This non-randomness of the market is what allows the traders to make...
  11. xelite777

    UCan'tEatBonds says the USA and Europe is doomed

    Revolution you said? Highly unlikely, the enemy is way too powerful. Economic collapse? Yes, of course, you bet, the Illuminati are counting on it, so that they can propose a "solution" to solve the "problem" THEY created. And the "solution" is the evil and satanic so-called "New World...
  12. xelite777

    Question about selling a strategy

    If your trading system is profitable you could sell the trading signals (not the system itself) on trading websites like Collective2 and collect monthly subscriptions fees. After a year and with only 50 subscribers (each paying you $100 per month for the trading signals) you would have 60K to...
  13. xelite777

    Short selling drops to lowest level since Lehman

    Yes, but the option writer could sell naked puts. Anyway, that's not the point, all I am saying is that the pros use options to make large bearish bets, instead of shorting the stock/index itself.
  14. xelite777

    Exit methods for trend-traders

    No it is not a waste of time, the exit point is THE most important element of a trading system (after money management of course). In fact it is so important that you can make money trading even if the entry points are completely random, assuming you have the right exit strategy! ?? What is...
  15. xelite777

    Short selling drops to lowest level since Lehman

    Remember that the biggest short sellers use options (put options in this case), not the stock itself. They use options to "cover" their activity...
  16. xelite777

    THE Super Ultra Wealthy Man can see the future, he sees horror ahead

    You are 100% correct. http://www.youtube.com/watch?v=iFDe5kUUyT0
  17. xelite777

    Head of IMF gives speech about MAGIC, Occult, Numerology, Manifest Destiny

    I mean the real deal, the exorcism itself. And trust me on this one, do NOT attend such an event!!!!!!
  18. xelite777

    Head of IMF gives speech about MAGIC, Occult, Numerology, Manifest Destiny

    What are you laughing about exactly, SmallStops? And by the way, have you actually ever witnessed an exorcism? I did (while in Haiti for vacations) , and believe me you shit on your pants and don't sleep for months...
  19. xelite777

    Backlash stirs in US against foreign worker visas

    Please don't even try to lecture me about H1 Visa, my brother is a lawyer and an expert in that field, he knows everything about it. Now, Mister "I Know It All", ask yourself this simple question: Why would the all mighty US grant that kind of visa to foreigners?
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