Average daily profit with $50K account?

[Now is Now]

Quote from inves200:

Friday trade 1
http://www.youtube.com/watch?v=01LfRjyw6FA

Friday trade 2
http://www.youtube.com/watch?v=01LfRjyw6FA

369.00 for the morning, that 5 of 5 winners, and up about 1000 for the week using 3-5 contracts ES

Just checked out your 2nd trade...SPONSER or no sponsor...this is BULLSHIT...your own numbers and edited comments give us the clue from your replay..

You had a positive balance of 91.40 for the morning...

You then BGT 4 @ 1101.25...no reason why, but not the point

You then mention your "target " price ..you DIDN'T know so you then skip qualifying the target price through editing...

You then exit the price at quote' at 2.5 on 3, which meant 3 @ 1102.50 , and 1 at 110325 'unquote ...total profit approx 275 ADD the "9140" earlier gain and YOU come up with 369.30 (should be 366.40)...great...only one thing you forgot to mention

YOU ARE SIM TRADING...like all you charlatans you keep slipping up on your misleading stanza...OR you conveniently forgot to tell us about ALL your trades as the numbers do not add up...period

You tell us that you have a profit of 369.40 for the morning as per your screen..fine...9140 and 27500 ( 3 x 125 1x 175) do not add up to 36940...

But as you should know, but overlooked it, SIM TRADING accounts DO NOT SHOW COMMISSIONS..oops

By legal definition ,and I am not a lawyer, charlatans are those that show some confidence trick to obtain money or through some advantages such as PRETENCE or deception...

You qualify for the reputation as a charlatan, as you do not state that YOU ARE SIMTRADING...

Everyone should listen closely to the 2nd video and note the trades and balance ...before it disappears...


NiN

 

[lurefo]

Quote from Now is Now:



Everyone should listen closely to the 2nd video and note the trades and balance ...before it disappears...


NiN

Nin what video are you refering to? None of the videos from Inves posted on page 30 talks about these trades. One link says the video was removed and the other two links point to the same one hundred bucks video...

 

[Now is Now]

Quote from lurefo:

Nin what video are you refering to? None of the videos from Inves posted on page 30 talks about these trades. One link says the video was removed and the other two links point to the same one hundred bucks video...

Hi Lurefo,

You are not going to believe it, but if you look closely trade 1 and trade 2 are NOW the SAME...#2 got switched...

Go to his you tube and hit his 100.0011...incidently you will see it as the same date FEB26...

If I knew how to download stuff I would post it here for you...get to it before it disappears...review ..if I am right...try and down load it to this forum..thanks

Good trading and weekend to you...

NiN

 

[1a2b3cppp]

Quote from Now is Now:

But as you should know, but overlooked it, SIM TRADING accounts DO NOT SHOW COMMISSIONS..oops

Not defending anyone, as I think most people on this forum are idiots and scammers, BUT, some SIM accounts do include commssions. Most do not. For example, OEC will, but you have to specifically tell them to add it to your account. But I recommend doing that, as it increases realism.

Remember, if you do like 10 trades a day, @ roughly $5 per round trip (I round up), that's an extra $50 that needs to be subtracted from your total PnL for the day. A lot of people forget this when evaluating their sim results.

 

[NYCMB]

Quote from jack hershey:

14. How to avoid entering a non dominant move and get into a DD by holding during the subsequent dominant.

[/B]

Hi Jack

Does DD stand for Decline Dominant? TIA

 

[jack hershey]

Quote from NYCMB:

Hi Jack

Does DD stand for Decline Dominant? TIA

The CW uses this term.


Draw Down.

check the traderzones measures and you will see DD is a direct, indirect or inferrred factor quite often.

timing in CW has two major considerations.

early exits and exits after breakeven.

Bt not having a timing element because volume is not used as a leading indicator of price AND by not knowing the triad grouping of trend components, CW traders are always in a quantry as to what are the two actual parts of what they think the cycle is.

as we saw traderzones commentary, he could be entering on a Dinant or a non dominant unknowingly. He also has NO idea what the second move is going to be in terms of dominance.

If a CW trader goes in at a given time he bets on profits.

the trade could go into DD immediately. It could move with his oposition to the retrace move of a trend. Here he may take the early exit and then on the sidelins watch the third move more than double his net.

A lot of CW also involves "hope" trading. Take the trade where the CW trader enters on the non dom second move of a trend. Here he holds through the dominant adverse move and has a major DD. where is he mentally when the next move is according to his prior bet? the move is dominant and he has been stopped out by he R/S or fib type measurement which doesn't work when a non dom is the criteria instead of the dominant, the only way fibs work.

The PVT and SCT trading uses the three part trend pattern. By doing so the trader is always in the trend on the side of the trend.

We saw T666 mess up the RNOW trade on the batting order by not knowing any of these things.

The short three part move ahead of RNOW coming to bat shows when the dom long is beginning anf how the 2R portion is a lateral on 3 Beta Universe stocks.

For SCT trading a person can trade and trend or all of the three parts of a trend by slipping to the next faster fractal.

There is no drawdown concept in the EP or its applications since "being on the correct side of the market" at all times replaces the DD considerations of CW type trading.

 

[konviction]

if you could make 3 to 5% a month, that aint bad..50k or not. Thats 1500 to 2500 a month, 18,000 to 30000 in a years time. Not enough for most to live from, but if your working a 2nd job thats a nice 2nd income, yes?

in 5 yrs you account would be... (assuming 5% growth)

1. 50,000
2. 80,000
3. 128,000
4. 204,800
5. 327,680!!!

after year 5, if you were to still make 5% (60% annual) a month, you're looking at 16,384 a month.

in 10 years..

yr 6. 524,288
7. 838,860
8. 1,342,176
9. 2,147,481
10. 3,435,970

 

[GG1972]

Quote from konviction:

if you could make 3 to 5% a month, that aint bad..50k or not. Thats 1500 to 2500 a month, 18,000 to 30000 in a years time. Not enough for most to live from, but if your working a 2nd job thats a nice 2nd income, yes?

in 5 yrs you account would be... (assuming 5% growth)

1. 50,000
2. 80,000
3. 128,000
4. 204,800
5. 327,680!!!

after year 5, if you were to still make 5% (60% annual) a month, you're looking at 16,384 a month.

in 10 years..

yr 6. 524,288
7. 838,860
8. 1,342,176
9. 2,147,481
10. 3,435,970

Well put -I think undercapitalization is a great part in trading failure--once your account is over 150,000 and you been consistent to some degree its much easier to extract your living expenses and put some towards growth. But making a 50,000 account grow is much harder if you are taking out living expenses

 

[GG1972]

Quote from jack hershey:

The guy you are complimenting is pure humor.

OMFG you did - you replied in one line
I knew an old dog can learn new tricks

 

[konviction]

Quote from GG1972:

But making a 50,000 account grow is much harder if you are taking out living expenses

true, and it probably isnt enough for most people to live off of. They would need to really leverage themselves.