A very powerful fut's strategy

Quote from thomfergu:

just tell me how in the hell u know that third.....,forth .....,fifth....... setup will be profitable maybe its sixth or eleventh
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also, I only use this strategy in the AM, never in the PM. If it goes badly I have the entire day to fix it. If it goes badly in the PM time works against me. In the PM I go back to normal wins and losses, no DD at all!
 
Quote from ProfitTakgFool:

That's amazing! Nice work! The biggest I ever had to go was 5x and that was early in my trading career when I didn't have the timing down that I have now. I rarely have to go over 3x nowadays.
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Thanks!

Unfortunately only my 12th account is up 9473%. My 17th account is down 12058% and my 3rd account is down 29%. All my other accounts are down 300-900% except my 8th account which is at break even.
 
Quote from notouch:

Thanks!

Unfortunately only my 12th account is up 9473%. My 17th account is down 1058% and my 3rd account is down 29%. All my other accounts are down 300-900% except my 8th account which is at break even.
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:D :D :D
 
it would be logical if you are super trader as you say u are with a lot of experience you would just use STOPS and don't come here with this crap
 
uhh...why all the accounts.

progress the numbers...1-2-4 then just add ur second set of what ever you were gonna add to the second and third account etc...

kinda lame to have all those accounts dude.

:cool:
 
Quote from saxon22:

I have to tell you I am using a somewhat similar approach, and it does generate nice returns. The soft side of this approach is that you have to have deep pockets. Also this way of trading is very unorthodox, out of synch with what is generally considered good profitable trading and therefore will encounter some degree of hostility and ridicule from the senior posters here.

My question is why do you need 3 different accounts? Is it because of the limitation of the $500 margin? Namely, the amount of contracts one is allowed to purchase with $500 margin. Or is there another reason?
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I only use 2 accounts for this, not the 3rd but I could. The reason....let's say I lose on 1 contract, then 2, and win on 4. I could easily convert that 4 to an 8 lot and complete the task with 1 account but if I lose on that one then I have to go extremely deep to get it right. If I have a second account I can start that account with just 1 contract. There is a psychological reason as well. There are a ton of times I'll take triggers only to find the market just need to go sideways a little longer when I see that, "yeah, this is what I was looking for." If I'm starting from scratch on that look then I have a huge psychological edge.

I'm not surprised by the neg responses I've received. This is very unorthodox to say the least but it works, and works well. My approach to trading....you don't have to have to time the market perfectly to make money. That's only a small piece of the puzzle.
 
Quote from thomfergu:

it would be logical if you are super trader as you say u are with a lot of experience you would just use STOPS and don't come here with this crap
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I do use stops! I take my losses quickly and double my contracts on the next trade. It's very profitable crap, backed by verifiable records
 
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