FxPuls - Val Constantini will double your money every 3 months

A

Ash1972

https://www.facebook.com/Fxpuls

Amusing, I know. In fact I just randomly chatted to this guy in Starbucks (an hour ago) and he seemed pretty excited.

Now, my question is: what is the most POLITE reason you could give for why you would not try this? (Obviously there are lots of good rude ones).

Mine was: "whatever technical indicator(s) you have developed, they will sometimes work and sometimes fail. You may indeed have a prolonged good run during which time you do double your money a handful of times. But market conditions inevitably change and whatever win/loss ratio you have calculated will no longer matter. The end result is that you will 1% yourself down to zero eventually, or take bigger risks and speed the process up".

Any other ideas?
 
Why consider trading as a possibility.

You have beliefs which are incompatible with trading.

It is impossible to erase the beliefs you you tell us that you have embedded in your mind.

Look up the process of "erasing" that the mind uses. It is much more complex than trading or learning to trade.
 
Quote from Ash1972:

The end result is that you will 1% yourself down to zero eventually, or take bigger risks and speed the process up".
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"You will 1% yourself down to zero"? What does that mean?
 
Quote from jack hershey:

Why consider trading as a possibility.

You have beliefs which are incompatible with trading.

It is impossible to erase the beliefs you you tell us that you have embedded in your mind.

Look up the process of "erasing" that the mind uses. It is much more complex than trading or learning to trade.
More...

Trading is a possibility without a doubt. But setting unrealistic goals will guarantee your failure.
 
Quote from Ash1972:

1% risk per trade and you stop out several times in a row.
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It depends on the stop-loss. Risk of 1% is not necessarily a stop of 1%.
 
Quote from jack hershey:

Why consider trading as a possibility.

You have beliefs which are incompatible with trading.

It is impossible to erase the beliefs you you tell us that you have embedded in your mind.

Look up the process of "erasing" that the mind uses. It is much more complex than trading or learning to trade.
More...

+1
 
Quote from Sergio77:

It depends on the stop-loss. Risk of 1% is not necessarily a stop of 1%.
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True, multiple positions + stop losses can be combined to give a total risk limit of x%.

Losses can be cumulative, causing (sometimes deep and prolonged) drawdowns. Since I have seen no actual discussion of drawdowns, only gains, I'm inclined to be suspicious.

You believe doubling your money every 3-4 months is a realistic proposition? Well, good luck.
 
Quote from jack hershey:

Why consider trading as a possibility.

You have beliefs which are incompatible with trading.

It is impossible to erase the beliefs you you tell us that you have embedded in your mind.

Look up the process of "erasing" that the mind uses. It is much more complex than trading or learning to trade.
More...


I see the King of the Dipshits decided to weigh in
 
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