It is interesting that Traderzones and Blowoutski have got into such a tizz about this to the extent that that have thrown insults and accusations without even letting the OP get on and show us if he can walk the talk.
I wonder if it is down the the fact that they treat profits differently to the OP. If I understand the OP correctly (and I would love a bit more clarification on the MM before he disappears) he is extremely aggressive with leverage but only in terms of being prepared to risk profits he has made. I see it much like an entrepreneur being prepared to re-invest every penny he/she makes back into growing the business. If he starts taking losses my understanding is that he will scale back the contracts just as rapidly until he is back to just one contract if and when all the profits have gone.
I really don't understand why this is considered suicide by Zones and Blowoutski. Maybe, however, as wannabe hedge fundies they come from a different perspective where they see account funds as just what they are at any moment with no sense of original capital and profits. They will therefore not be able to see how it is ok for the private trader to be so much more aggressive with profits in the account. I don't know if this is the case or not, I'm just trying to understand why they got into such a hissy fit about this with no apparent justification whatsoever.
Fwiw, the OP's system does not seem so radical anyway. I was reading about an organisation someone posted on here that lets you trade their funds once you have made $1,500 profit on 1 contract on a simulator. The deal is that once you go live and have made your first real $800 on one contract you can trade a second contract. At +$1600 you add a third and so on. Almost identical to the OP's method. Of course, if you go back below one of these levels you drop straight back down on the next trade. You are highly leveraged, but only on realized profits. If you lose you drop right back down and if all the profit goes you are back on 1 contract or the simulator. I don't know anything more about this organisation but they (apparently) let people trade their money using this approach. Doesn't sound that mad to me and nor does the OP's approach.
Sick - just in case you vanish before demonstrating, can you explain exactly how you scale back down when you take losers - it is similar to how I described above? Also, can you tell us how you start off with a larger sum than just the $700 for one contract (let's say a $7,000 pot) and what you do then if you take losers off the get go?
Many thanks.
I wonder if it is down the the fact that they treat profits differently to the OP. If I understand the OP correctly (and I would love a bit more clarification on the MM before he disappears) he is extremely aggressive with leverage but only in terms of being prepared to risk profits he has made. I see it much like an entrepreneur being prepared to re-invest every penny he/she makes back into growing the business. If he starts taking losses my understanding is that he will scale back the contracts just as rapidly until he is back to just one contract if and when all the profits have gone.
I really don't understand why this is considered suicide by Zones and Blowoutski. Maybe, however, as wannabe hedge fundies they come from a different perspective where they see account funds as just what they are at any moment with no sense of original capital and profits. They will therefore not be able to see how it is ok for the private trader to be so much more aggressive with profits in the account. I don't know if this is the case or not, I'm just trying to understand why they got into such a hissy fit about this with no apparent justification whatsoever.
Fwiw, the OP's system does not seem so radical anyway. I was reading about an organisation someone posted on here that lets you trade their funds once you have made $1,500 profit on 1 contract on a simulator. The deal is that once you go live and have made your first real $800 on one contract you can trade a second contract. At +$1600 you add a third and so on. Almost identical to the OP's method. Of course, if you go back below one of these levels you drop straight back down on the next trade. You are highly leveraged, but only on realized profits. If you lose you drop right back down and if all the profit goes you are back on 1 contract or the simulator. I don't know anything more about this organisation but they (apparently) let people trade their money using this approach. Doesn't sound that mad to me and nor does the OP's approach.
Sick - just in case you vanish before demonstrating, can you explain exactly how you scale back down when you take losers - it is similar to how I described above? Also, can you tell us how you start off with a larger sum than just the $700 for one contract (let's say a $7,000 pot) and what you do then if you take losers off the get go?
Many thanks.
