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I am not sure why people make a big deal on this. He is using a high win rate & super high risk/reward strategy (martingale). A big drawdown is something expected after a series of small wins in martingale. The question is how many small wins he has before this big drawdown? The question...

Bone, I think the main question from most people in this forum to you is: If your system is so good and profitable, why you bother to teach ? If I recalled correctly, you are charging something around 7K for a new student, and 7K is nothing for a profitable trader (exclude those novice with...

Lol

Buy low sell high ;)

The risk for trading using the info from inside the wall is too high, you are history when you get caught, not worth the risk.

I mean why you think they may do "insider trading " ? Hint: The easy money is not from trading .. Too much risk.

Grow up, this is real world. Dogs ? At least they make more money than you.

Can't wait for your next pick, i will follow..... in the opposite side.

Why should someone tell you their secret sources? It is aka you go to the top restaurant in the town and asking them to show you their recipes so that you can open another similar restaurant across the street, and with the risk that you may share this recipe with your wife, best friend, school...

When is your next call to Vegas again ? I will just do the opposite ;)

The reason is I am not taking BIG money. Big reward come with big risk, bro .. :)

To me, my system is a boring , I just repeat and repeat the same processes, squeeze monies out from the novice that trade on TA, chart, indicators, mentor advice, news, MA cross over day to day, year to year. I hate to wake up every day to do the same thing, money is no longer an issue, but I...

Too many people though that they can go to any free internet forum, put in a thread and expect someone to spoon feed them with profitable strategies, and then trade their 5K account and retire young. If the trading is so easy, we will not have > 90% failure rate.

Do I ever see you in Vegas ?

"income trades" is always the best seller for the mentor and guru :) The catching part is they even promote that you can adjust the loser so that it eventually become profit. This is music to the novice. The truth for this strategy is you just risk more dollar, and digging bigger hole by kicking...

To me, "luck" is too generic, it is more on if you are in the right time with the right strategies. For example, if you are bullish in nature, you will be most likely become a profitable trader if you begin to trade from 2009 to present, and you will go south if you begin to trade in 2007/8...

Non of the institutional trader ever aim for 50% (don't think any risk manager will allow someone to take this kind of risk), however, a 20 to 30% return is good enough due to their account size. I posted here before to remind for retail traders to trade full time, you need at least 250 to 350K...

They never trade iron condor. My commission with TOS is $1 (TOS will give you this discount if your account size reach certain size). However, $1 is good enough for me. the reason is I only trade SPX options. Same reason, the % of commission paid is much smaller vs those SPY . I never trade IC...

No positive expectancy in plain iron condor. Indeed, you are in worst situation after taking into accout your commission and slippage. Just a hint, institutional never trade iron condor.

It is actually after ~ 2008 Jun. Iron condor will make your broker and MM happy.