How to trade like a retarded genius - an actual strategy that works

This is so helpful

  • Yes

    Votes: 9 40.9%

  • Of course

    Votes: 0 0.0%

  • Why are you gay

    Votes: 14 63.6%
  • Total voters
    22
Sprout said:
Yeah, great threads!
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this guy in 2013 throwing out his paper trading gains...o_O

Rorschach_test said:
just go and borrow $200K...yeah,no frekn shoiet bro:D

your very funny guy!why then not just go and borrow a couple of mil,huh?it`s not all that simple.

i`ve been watching and trading FDAX futures for more then two years in demo mode,while i was trading small GC and CL on my live account.

the max size with FDAX futures was 40 contracts,it`s approx $850K to $1M account,to hold it overnight when needed.i was making $250K-$300K per month with almost no DD and the only day i had - $140K loss,was on August 27 or 28 this year,though i got it all back during the next 2 days.so,i`d break the $1M threshold for the year easily,with $1M account.
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MrMuppet said:
you. are. not. a. multi. billion. fund.

Repeat that every time you switch on your computer. Write that down and stick it to the wall where you can see it when you're trading.

A multi billion fund employs a horde of the best analysts and has their ears everywhere, you have not and that's why you cannot compete in these markets.

They trade through venues you don't have access to, they execute by using tech you cannot afford. There is no way you outtrade them on a consistent basis.

So for retail cash FX is an absolute no go
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The advantage of the small trader is, you can take trades the real big players can not. With your 1-10 lots, you can hopp on every small breaktout, even on the 5m chart, and scalp a few ticks out of it. Cant do that if you try to move huge size, no matter which market.

Thats one of the reasons why the small retail trader can achieve returns of >100%, which seems so hard to believe for many members here. Retail trading/ scalping is different from the huge money move operations the big institutions are doing.
 
CALLumbus said:
The advantage of the small trader is, you can take trades the real big players can not. With your 1-10 lots, you can hopp on every small breaktout, even on the 5m chart, and scalp a few ticks out of it. Cant do that if you try to move huge size, no matter which market.

Thats one of the reasons why the small retail trader can achieve returns of >100%, which seems so hard to believe for many members here. Retail trading/ scalping is different from the huge money move operations the big institutions are doing.
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Good Morning CALLumbus,

I agree with you. Getting a few ticks alot times, is mentally better than getting alot of ticks less times.
 
MacBookProHo said:
Numbers are designed to appeal to the small-minded, just like Ken Calhoun showing he traded 41 million in stock volume, but had no actual profits/or very secretive little profit.
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Hello MacBookProHo,

I agree with you on this. I always thought the goal of retail trading was to get to $1 Million dollars as fast as possible.

Fast meaning 1 - 2 years.
 
SimpleMeLike said:
Good Morning CALLumbus,

I agree with you. Getting a few ticks alot times, is mentally better than getting alot of ticks less times.
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Always made more sense to me. Like an insurance company, you collect the "premiums", many of them. Once in a while, an "insurance event" happens and you have to give back a bit. The challenge is to keep the losses from these rare events less than the cash that you collect regularly with your small scalps.
It is no rocket science. With practice you get better, and after a while you are able to avoid most of that bad events that cost you money.

But this is a very personal stuff. I feel better with a high win rate, and somewhat low reward/risk. Others dont care about the win rate but want the big winner once in a while. Both can be profitable. Risk reward ratios, win rates say absolutely nothing about the profitability of a trader/ system. Everything can work if you do it right.
 
CALLumbus said:
Always made more sense to me. Like an insurance company, you collect the "premiums", many of them. Once in a while, an "insurance event" happens and you have to give back a bit. The challenge is to keep the losses from these rare events less than the cash that you collect regularly with your small scalps.
It is no rocket science. With practice you get better, and after a while you are able to avoid most of that bad events that cost you money.

But this is a very personal stuff. I feel better with a high win rate, and somewhat low reward/risk. Others dont care about the win rate but want the big winner once in a while. Both can be profitable. Risk reward ratios, win rates say absolutely nothing about the profitability of a trader/ system. Everything can work if you do it right.
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Grab that money! “A bird in the hand is worth two in the bush.” “A live dog is better than a dead lion.”
 
CALLumbus said:
Always made more sense to me. Like an insurance company, you collect the "premiums", many of them. Once in a while, an "insurance event" happens and you have to give back a bit. The challenge is to keep the losses from these rare events less than the cash that you collect regularly with your small scalps.
It is no rocket science. With practice you get better, and after a while you are able to avoid most of that bad events that cost you money.

But this is a very personal stuff. I feel better with a high win rate, and somewhat low reward/risk. Others dont care about the win rate but want the big winner once in a while. Both can be profitable. Risk reward ratios, win rates say absolutely nothing about the profitability of a trader/ system. Everything can work if you do it right.
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Hello CALLumbus,

Either way, takes ALOT of practice and effort. Especially scalping.

Getting out of drawdown is the biggest challenge.
 
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