How to never get an account wiped out?
- Thread starter gg12
- Start date
Gentlemen
Author observed by www.fxcm.com monthly result
more as 600% for small capital (king of the mini contest)
Do you think ,that this kind of result can be performed with low risk ?
Any person from ET have this kind of record for small account ?
(FX,future or options 1000$-2000$ start of the month)
If yes ,author would interessed to hear from this operator
some about risk by 600% month perfomance.
Your respectfully
Author point of view ,that for small account month perfomance
500-600% ,100 % of risk must be accepted .
All another can be ,but very rare ,for case free from insider
information speculation .
Author observed by www.fxcm.com monthly result
more as 600% for small capital (king of the mini contest)
Do you think ,that this kind of result can be performed with low risk ?
Any person from ET have this kind of record for small account ?
(FX,future or options 1000$-2000$ start of the month)
If yes ,author would interessed to hear from this operator
some about risk by 600% month perfomance.
Your respectfully
Author point of view ,that for small account month perfomance
500-600% ,100 % of risk must be accepted .
All another can be ,but very rare ,for case free from insider
information speculation .
gg12 wrote-
need to work to improve my behavior radically and suppress EGO and massive GREED; bad habits for trading.
Depend from objective,if any operator performed with small account 100% per month ,great chance that with more capital
profitability would go lower.
It is way to be average operator ,if that is suited from you -than okay.
Your statements ( EGO ,GREED) are from different book's,
objective of authors of this books -
1.Propaganda
2.Related to 1 p rivat economical benefit for author's
of this books.
You can simple check folloving relation
For 100 books about sucessfull investment(Winning on Wall street,How i made 20 mln $ &) you find no more as one with "How i losed 1 million $..."
In realy life 90% of retail sector losed money after first year.
Clear ,that they readed this author's as M.Zweig,N.Darvas,W.
O.Neil,B.Baruch,G.Loeb &
Most successfull relevant recorder as Mark D.Cook and
Martin Sdchwartz (in modern price from 1 mln$ 9 mln$ for one
year) have had excessive loss in multiple years .
need to work to improve my behavior radically and suppress EGO and massive GREED; bad habits for trading.
Depend from objective,if any operator performed with small account 100% per month ,great chance that with more capital
profitability would go lower.
It is way to be average operator ,if that is suited from you -than okay.
Your statements ( EGO ,GREED) are from different book's,
objective of authors of this books -
1.Propaganda
2.Related to 1 p rivat economical benefit for author's
of this books.
You can simple check folloving relation
For 100 books about sucessfull investment(Winning on Wall street,How i made 20 mln $ &) you find no more as one with "How i losed 1 million $..."
In realy life 90% of retail sector losed money after first year.
Clear ,that they readed this author's as M.Zweig,N.Darvas,W.
O.Neil,B.Baruch,G.Loeb &
Most successfull relevant recorder as Mark D.Cook and
Martin Sdchwartz (in modern price from 1 mln$ 9 mln$ for one
year) have had excessive loss in multiple years .
600% per month, trading high leverage vehicles is not that diffucult. As long as you have a profitable method of trading.
Assuming 20 (trading) days per month, starting with $1000, only 8% profit per day based on total portfolio value, yields 366% per month. 10% profit per day yields 573% per month.
There is nothing tricky. Attached is an XL workbook to play with.
Osorico [when I started I used an 8% daily target. Still do.
Doesn't mean its always hit.]Dear Sir
You wrote -
600% per month, trading high leverage vehicles is not that diffucult. As long as you have a profitable method of trading.
Did you perform this result with real or paper money account with real quote by contest ,which controlled from goverment authority as SEC,CFTC ?
Author performed with paper money account ,real quote
by contest's which controlled from goverment authority.
Folloving experience -
1.Multiple weeks loss,after that with DAX was performed week with 539.39% ,339 operations against 20000 competitors .
Intraweek loss until 50-60% .
After this week loss ,but week price won
Controlled from Germany SEC
Best result for DAX for 4 years. Best result for Currency
in this contest for 4 week was performed from another
operator 556%
2. After first week loss -53% ,performed second week
in FX contest with more as 600% .End result 292.44%
Promouter shut down system for 8 hours ,account going to "0"
Result is best for the month and suited for price 5000 euro
Promouter FX company accepted techical error
,but will not pay. Case in Swiss court
For real money small account 500-600% per month is
true top perfomance ,and suspect can not be performed
without multiple attempt's and 100% loss .
Author to date can not perform that and not clear
would this result performed from author ...
Your respectfully
You wrote -
600% per month, trading high leverage vehicles is not that diffucult. As long as you have a profitable method of trading.
Did you perform this result with real or paper money account with real quote by contest ,which controlled from goverment authority as SEC,CFTC ?
Author performed with paper money account ,real quote
by contest's which controlled from goverment authority.
Folloving experience -
1.Multiple weeks loss,after that with DAX was performed week with 539.39% ,339 operations against 20000 competitors .
Intraweek loss until 50-60% .
After this week loss ,but week price won
Controlled from Germany SEC
Best result for DAX for 4 years. Best result for Currency
in this contest for 4 week was performed from another
operator 556%
2. After first week loss -53% ,performed second week
in FX contest with more as 600% .End result 292.44%
Promouter shut down system for 8 hours ,account going to "0"
Result is best for the month and suited for price 5000 euro
Promouter FX company accepted techical error
,but will not pay. Case in Swiss court
For real money small account 500-600% per month is
true top perfomance ,and suspect can not be performed
without multiple attempt's and 100% loss .
Author to date can not perform that and not clear
would this result performed from author ...
Your respectfully
1) I trade futures, not forex.
2) Yes, I have achieved 600% per month, trading REAL accounts, governed by the applicable laws of various agencies in the United States. Not contests.
3) Author has no interest in proving ANYTHING to ET members. Don't waste your time asking.
4) The mathematics for obtaining such results are irrefutable.
03/23/07 +10.7%
Risk on the account to achieve this success was 52.74%. I have been not afraid risking that high percentage today. I was more than 76% (see Kelly formular above) sure that it would work.
If I would have lowered exposure to make 2% the account risk would have been much lower than 52.74%. Would I do that with an order of magnitude higher than today's balance? I don't know...
Please comment!
Risk on the account to achieve this success was 52.74%. I have been not afraid risking that high percentage today. I was more than 76% (see Kelly formular above) sure that it would work.
If I would have lowered exposure to make 2% the account risk would have been much lower than 52.74%. Would I do that with an order of magnitude higher than today's balance? I don't know...
Please comment!
Dear Sir
You wrote ....
3) Author has no interest in proving ANYTHING to ET members. Don't waste your time asking.
##############################
Through you math recommendation with 8 % regulary per
day exist suspect that your statement is fictional .
Martin Schwartz,Mark D Cook ,B.Baruch all have multiple years
of excessive loss .
You wrote ....
3) Author has no interest in proving ANYTHING to ET members. Don't waste your time asking.
##############################
Through you math recommendation with 8 % regulary per
day exist suspect that your statement is fictional .
Martin Schwartz,Mark D Cook ,B.Baruch all have multiple years
of excessive loss .
gg12
03/23/07 +10.7%
Risk on the account to achieve this success was 52.74%. I have been not afraid risking that high percentage today. I was more than 76% (see Kelly formular above) sure that it would work.
If I would have lowered exposure to make 2% the account risk would have been much lower than 52.74%. Would I do that with an order of magnitude higher than today's balance? I don't know...
#################################
Your record is realistic . Problem is ,that with time your % point
expected to be lower.
Author suspect ,that no one operator can perform each
month in year with 100% profit ,alsov for case of small
account.
Best record ,which was observed in public real money contest
was some 21 time (2000%) for quartal .(3 month)
from 1000 $ untill 21000$ .Operator payed extra transaction
expense ( approx more as 5000$) ,but price money for first
place was more .
Your respectfully
Ex-Nord Vietnam poker player won more as 1mln $ .
Started with 40$ qualification through internet.
03/23/07 +10.7%
Risk on the account to achieve this success was 52.74%. I have been not afraid risking that high percentage today. I was more than 76% (see Kelly formular above) sure that it would work.
If I would have lowered exposure to make 2% the account risk would have been much lower than 52.74%. Would I do that with an order of magnitude higher than today's balance? I don't know...
#################################
Your record is realistic . Problem is ,that with time your % point
expected to be lower.
Author suspect ,that no one operator can perform each
month in year with 100% profit ,alsov for case of small
account.
Best record ,which was observed in public real money contest
was some 21 time (2000%) for quartal .(3 month)
from 1000 $ untill 21000$ .Operator payed extra transaction
expense ( approx more as 5000$) ,but price money for first
place was more .
Your respectfully
Ex-Nord Vietnam poker player won more as 1mln $ .
Started with 40$ qualification through internet.
I have made all mistakes a novice can make today.
Shorting options against an announcement. Where is my long years experience?
#######################################
Kelly/Shannon form related to great quantity
(take atleast 1000 operations)
If you are very good trader (but not biased from insider information) and would win 600 operation from 1000,
10-15 consecutive loss would very realistic .
(With your risk 52% ,you would not be at life ,as
your account is not very great)
Your respectfully
Shorting options against an announcement. Where is my long years experience?
#######################################
Kelly/Shannon form related to great quantity
(take atleast 1000 operations)
If you are very good trader (but not biased from insider information) and would win 600 operation from 1000,
10-15 consecutive loss would very realistic .
(With your risk 52% ,you would not be at life ,as
your account is not very great)
Your respectfully