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Great thread as I am working on my risk management as well. Everyone talks about risk and money management, but rarely anyone talks about learning the craft First, then go risk and make bets.

PoopyDeek, You absolutely right. I do not have an edge.

Yes, I agree. I am very bless. I get to wake everyday and use my own brain to make money. I am responsbile for getting it done. No manager, no workers, no women, no nothing. All work.

Thanks ironchef for the comments. Appreciate it. It actually will take the same amount of courage to say I am unprofitable trader as it will to say I am profitable trader. No courage needed, I am just speaking the truth. Seems simple to me.

LMFAO hahahahahah hahahah yes, I agree with you.

Thanks for the explanation. I get it.

Yes, I can agree with that. Teaching me the fundamentals, mindset, and skills on what to do and what not to do, I can accept that. But if you selling me a strategy/system, i need proof.

My point Exactly!! Finally someones says what I been wanting to say for awhile. I been trading 4 years unprofitable, and lets say now I am profitable, trading 10 ES contracts making $10k a week. What is the point in me mentoring someone now to show them how to make money? My fee would be like...

ironchef, I hear that phrase "trade small"alot. Can you explain a bit with some examples what you mean? Meaning risking 1% of account per trade, or something else?

Yes, that is the book.

Thank you KCalhoun for the clarification. Yes, without a doubt, trade sim first. Atleast all money goes to trading education and sim fees, and not losing to making mistakes and lack confidence and knowledge and lack of skills and bad habits.

Thanks for the response. Correct me if I am wrong, but compliance regulators does not require trading service or vendors to show proof making money or 3rd party verification to their customers that they actually make money?

Hello KCalhoun, How do you prove to your members you actually make consistent money the past 5 years? Tax records or 3rd party verification service?

Hello trader2713, I do not make money trading,., yet. So takes this for what it is worth. 1. DO NOT trade real money until you have 1 year of consistent real sim profits. 2. Whoever you hire, ask to see 5 years of tax trading broker records. Have them screen share into their broker account...

KCalhoun, So in other words, keep reward greater than risk over time?

Thanks smallfil, I appreciate it and good to see other traders who embrace risk management. The way I see it, if I risk only 1-2% of my account per trade, it allows me to grow my money over time. And get better over time. If I have a $30K account and only risk 1%, that is $300 per trade. As the...

smallfil, You are correct about this. I started trading with $13K real money about 5 years ago and lost all of it because I did not keep my risk small and I did not fully comprehend what risk management. I did not take the time to ready quality trading books and seek good mentors or ask the...

You or I do not know what GS is doing with it's billion of dollars.

padutrader, If you or anyone else was certain without doubt what the market will do next within the next minute/hour/day/week/month AND you have proof of this certainty and guarantees, PLEASE PM so I can give you some money ($200) to invest for me. Otherwise man, I do no think it is good idea...

Good to read. So what is the problem that is happening to you?