Day trading is losers game
- Thread starter oilfxpro
- Start date
cdcaveman
Quote from cornixforex:
ssss's premise is that trades performed by traders are random. In this case of course this game is a negative sum one.
But who said, that entries can only be random and different edges cannot be gained by performing analysis of various aspects of markets?
Patterns in Randomness.. the more you fall back on the fact that everything is random..
###########
Napoleon ,Machiavelli and another ... stated about Fortune
1. Is possible to win game with dissadvantage ?
yes - exist limited quantities (approx 10+)
of Operator`s in lotto which won 50 mln $
2. How many operator's exist ,which loosed in lotto ?
--multiple 10 000 000
3. Calculate your chance ....
Quote from cornixforex:
ssss's premise is that trades performed by traders are random. In this case of course this game is a negative sum one.
But who said, that entries can only be random and different edges cannot be gained by performing analysis of various aspects of markets?
Patterns in Randomness.. the more you fall back on the fact that everything is random..
###########
Napoleon ,Machiavelli and another ... stated about Fortune
1. Is possible to win game with dissadvantage ?
yes - exist limited quantities (approx 10+)
of Operator`s in lotto which won 50 mln $
2. How many operator's exist ,which loosed in lotto ?
--multiple 10 000 000
3. Calculate your chance ....
cornixforex
Registered: Jan 2011
Posts: 1236
07-30-12 09:49 AM
Are these numbers supposed to impress me?
------------------
It is the best result with real money ,which author observed to date ...
12700 % = 128 time's in one month
Result is performed in Contest ,is public ,possibile controled from CFTC
and/or related national authority
Registered: Jan 2011
Posts: 1236
07-30-12 09:49 AM
Are these numbers supposed to impress me?
------------------
It is the best result with real money ,which author observed to date ...
12700 % = 128 time's in one month
Result is performed in Contest ,is public ,possibile controled from CFTC
and/or related national authority
cornixforex
Are these numbers supposed to impress me?
------------------
It is the best result with real money ,which author observed to date ...
12700 % = 128 time's in one month
Result is performed in Contest ,is public ,possibile controled from CFTC
and/or related national authority
Meaningless figure without other parameters included, such as % risk per trade, # of trades to achieve that result etc.
###############
You must check trading record ...
####################
Maximum margin 400:1 -it is liquidation margin
Start balance 1296 %
Time of which operation ,position value - all present in record
http://media.dailyfx.com/sales/micro/kom_docs/OCT2011/octtradereport1st.pdf
Example
first operation ,start balanse 1296$
3 oct 2011 ,0.23 short 70 000 AUD/USD 0.96657
1.41 close with 70 000 AUD/USD 0.96884 loss =-158.90 $
Summary First operation performed with low risk
Start balanse 1296$
Margin used 0.9688 *1000$:400 =242 $
free margin in time of position opening 1296 $- 242 $ = 1054$
stop loss AUD/USD 0.96884-0.96657 =0.0227
or approx 22.7 pip of AUD/USD ,or loss 158.9 $ for 70 000 AUD/USD
2 operation ...
3 operation ...
4 operation ...
&
Are these numbers supposed to impress me?
------------------
It is the best result with real money ,which author observed to date ...
12700 % = 128 time's in one month
Result is performed in Contest ,is public ,possibile controled from CFTC
and/or related national authority
Meaningless figure without other parameters included, such as % risk per trade, # of trades to achieve that result etc.
###############
You must check trading record ...
####################
Maximum margin 400:1 -it is liquidation margin
Start balance 1296 %
Time of which operation ,position value - all present in record
http://media.dailyfx.com/sales/micro/kom_docs/OCT2011/octtradereport1st.pdf
Example
first operation ,start balanse 1296$
3 oct 2011 ,0.23 short 70 000 AUD/USD 0.96657
1.41 close with 70 000 AUD/USD 0.96884 loss =-158.90 $
Summary First operation performed with low risk
Start balanse 1296$
Margin used 0.9688 *1000$:400 =242 $
free margin in time of position opening 1296 $- 242 $ = 1054$
stop loss AUD/USD 0.96884-0.96657 =0.0227
or approx 22.7 pip of AUD/USD ,or loss 158.9 $ for 70 000 AUD/USD
2 operation ...
3 operation ...
4 operation ...
&
For cornixforex
SHORT SUMMARY ( you can perform more detailed analysis)
October 2011
1. Canada - 12,725.31% Survey / Trade Report (.xls version)
http://forexforums.dailyfx.com/king...er-archive.html
http://media.dailyfx.com/sales/micr...dereport1st.pdf
----------------------------------------------
Start Balanse - 1296 $
Ending Balanse -39745 $
Floating P/L -126481 $
Equity -166266 $
Month profit - 12,725.31% ( 128 time's )
1.aud/usd 3 oct 2011 Short 70000 -159$
0.96657 -0.96884
2. aud/usd 3 oct Long 70000 0.96870 -0.96658 -148 $
--------------------------------------------------
Balanse lower as 1000 $
3.aud/usd 3 oct short 80000 0.96656 -0.96370 +229 $
4.aud/usd 3 oct -4 oct ,short 100000 0.96341 -0.94387 +1937$
5. aud/usd 4 oct ,short 50000 0.95174 -0.94387 + 393 $
-------------------------------------------------------------
Balanse approx - 3548 $
...........................
6. aud/usd 4 oct 14.16 -15.31 long 200 000 0.94395 -0.94319 - 152 $
7. aud/usd 4 oct 15.31-16.12 short 200 000 0.94317 -0.94743 -852 $
------------------------------------------------------------------------
Balanse approx 2545 $
MOST IMPORTANT OPERATION -Multiple averaging UP AUD/USD
#################################################################
8.1 aud/usd 4 oct long 40000 16.12-18.15 0.94735 -0.94187 -219 $
-----------------------------------------------------------------------
20% of aud/usd position is closed with loss -219 $
Balanse approx -2325$
---------------------------------
8.2 . aud/usd 4 oct long 160 000 16.12 ---- 0.94735
31 oct 1.05290 +17248 $
80 % of AUD/USD ,which was open 4 oct 16.12
hold until end of the month with profit + 17248 $
-------------
8.3 - 8.xx
After that AUD/USD averaging up from 5 oct untill 27 oct
multiple time from 0.94735 untill 1.04754 and all closed by 1.05290
with profit 145 000 $
##############################
and after 27 october until 31 october 4 time aud/usd with loss -15000 $
------------------------------------------------------------------------
(open 1.07 -closed 1.0529 )
Summary 145000 -15000 $ = +130 000 $
+
9. eur/usd 5-9 oct long in 5 part's 210 000 1.33038-1.33895 +781 $
10.aud/usd 7-7 oct in 3 part's long 300 000 0.97564 -0.97735 +401 $
11. eur/usd 7 -9 oct long 20000 1.35139 -1.33898 -248 $
-------------------------------------------------------------------
12. eur/usd 10-14 oct long in 4 part 4*130 000 = 520 000
1.34139 -1.37863 +18300 $
#####################################
SHORT SUMMARY ( you can perform more detailed analysis)
October 2011
1. Canada - 12,725.31% Survey / Trade Report (.xls version)
http://forexforums.dailyfx.com/king...er-archive.html
http://media.dailyfx.com/sales/micr...dereport1st.pdf
----------------------------------------------
Start Balanse - 1296 $
Ending Balanse -39745 $
Floating P/L -126481 $
Equity -166266 $
Month profit - 12,725.31% ( 128 time's )
1.aud/usd 3 oct 2011 Short 70000 -159$
0.96657 -0.96884
2. aud/usd 3 oct Long 70000 0.96870 -0.96658 -148 $
--------------------------------------------------
Balanse lower as 1000 $
3.aud/usd 3 oct short 80000 0.96656 -0.96370 +229 $
4.aud/usd 3 oct -4 oct ,short 100000 0.96341 -0.94387 +1937$
5. aud/usd 4 oct ,short 50000 0.95174 -0.94387 + 393 $
-------------------------------------------------------------
Balanse approx - 3548 $
...........................
6. aud/usd 4 oct 14.16 -15.31 long 200 000 0.94395 -0.94319 - 152 $
7. aud/usd 4 oct 15.31-16.12 short 200 000 0.94317 -0.94743 -852 $
------------------------------------------------------------------------
Balanse approx 2545 $
MOST IMPORTANT OPERATION -Multiple averaging UP AUD/USD
#################################################################
8.1 aud/usd 4 oct long 40000 16.12-18.15 0.94735 -0.94187 -219 $
-----------------------------------------------------------------------
20% of aud/usd position is closed with loss -219 $
Balanse approx -2325$
---------------------------------
8.2 . aud/usd 4 oct long 160 000 16.12 ---- 0.94735
31 oct 1.05290 +17248 $
80 % of AUD/USD ,which was open 4 oct 16.12
hold until end of the month with profit + 17248 $
-------------
8.3 - 8.xx
After that AUD/USD averaging up from 5 oct untill 27 oct
multiple time from 0.94735 untill 1.04754 and all closed by 1.05290
with profit 145 000 $
##############################
and after 27 october until 31 october 4 time aud/usd with loss -15000 $
------------------------------------------------------------------------
(open 1.07 -closed 1.0529 )
Summary 145000 -15000 $ = +130 000 $
+
9. eur/usd 5-9 oct long in 5 part's 210 000 1.33038-1.33895 +781 $
10.aud/usd 7-7 oct in 3 part's long 300 000 0.97564 -0.97735 +401 $
11. eur/usd 7 -9 oct long 20000 1.35139 -1.33898 -248 $
-------------------------------------------------------------------
12. eur/usd 10-14 oct long in 4 part 4*130 000 = 520 000
1.34139 -1.37863 +18300 $
#####################################
Just as I suspected... I called possible Euro short here today, well in advance of the actual move down: http://stocktwits.com/cornixforex
Was it taken on 400:1 margin it would yield about 100% yield by now in a couple of hours, not even days... Does it tell anyone how great trader I am?
Of course NOT!
This game is marathon, not sprint and furthermore not some lottery game (except for those who treat it like that and are, consequently just amateur gamblers, not professional speculators).
Those insane % winnings in contests have nothing to do with trading business.
Was it taken on 400:1 margin it would yield about 100% yield by now in a couple of hours, not even days... Does it tell anyone how great trader I am?
Of course NOT!
This game is marathon, not sprint and furthermore not some lottery game (except for those who treat it like that and are, consequently just amateur gamblers, not professional speculators).
Those insane % winnings in contests have nothing to do with trading business.
cornixforex
1.Those insane % winnings in contests have nothing to do with trading business.
##############
Business -it the task of professional's from Goldmans Sachs ,not retail
sector . the Goldman Sachs market -maker have advantage ,retail not
For retail it is gambling
#############
2.Just as I suspected... I called possible Euro short here today, well in advance of the actual move down: http://stocktwits.com/cornixforex
Was it taken on 400:1 margin it would yield about 100% yield by now in a couple of hours, not even days... Does it tell anyone how great trader I am?
You can reduce margin ... 10 time ,100 time's
1.Those insane % winnings in contests have nothing to do with trading business.
##############
Business -it the task of professional's from Goldmans Sachs ,not retail
sector . the Goldman Sachs market -maker have advantage ,retail not
For retail it is gambling
#############
2.Just as I suspected... I called possible Euro short here today, well in advance of the actual move down: http://stocktwits.com/cornixforex
Was it taken on 400:1 margin it would yield about 100% yield by now in a couple of hours, not even days... Does it tell anyone how great trader I am?
You can reduce margin ... 10 time ,100 time's
