Ok, unless you wear turtlenecks and a beret, stop saying "cat".
new record 2300 % in one month
- Thread starter ssss
- Start date
Ok, unless you wear turtlenecks and a beret, stop saying "cat".
okay...how bout "one cool cat"...hey you brought up "string art"...how is the EUR/AUD trading going?Quote from davidmaria1:
Ok, unless you wear turtlenecks and a beret, stop saying "cat".
share the weath!
A discussion about $500 micro accounts contests @ the forum named "Elitetrader".... ROFLMAO...
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thread named about 2300% on 500$ account
This person ,which won fxcm 500 $ contest
expected to have more qualification to perform
good win with 10 000 $ account ( 100-700% per year)
Person which won FXCM with 2800$ start balance
and 1600% (in august 2008) expected to have better chance to perform good win with 50 000 $ per year( 100-400%)
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thread named about 2300% on 500$ account
This person ,which won fxcm 500 $ contest
expected to have more qualification to perform
good win with 10 000 $ account ( 100-700% per year)
Person which won FXCM with 2800$ start balance
and 1600% (in august 2008) expected to have better chance to perform good win with 50 000 $ per year( 100-400%)
There is no difference, 2400% on $500 or 24000% on $500, because all these amateur contests are absolutely irrelevant to real professional consistent trading day in day out...
Any idiot can nearly randomly open positions on max leverage, eventually catch a strong trend, multiply $500 account in a very short time and show it to impress fools about how much profit he/she made.
But it is not even nearly called trading in a business sense of the word.
Any idiot can nearly randomly open positions on max leverage, eventually catch a strong trend, multiply $500 account in a very short time and show it to impress fools about how much profit he/she made.
But it is not even nearly called trading in a business sense of the word.
Another real money contest with 250$ start balance
and approx 900-1000 participants
(FXCM more as 10 000 )
You can see not only winner but looser for multiple months
https://secure.ibfx.com/contest/contestresults.aspx
! .Most corrupt software metatrader
and approx 900-1000 participants
(FXCM more as 10 000 )
You can see not only winner but looser for multiple months
https://secure.ibfx.com/contest/contestresults.aspx
! .Most corrupt software metatrader
There is no difference, 2400% on $500 or 24000% on $500, because all these amateur contests are absolutely irrelevant to real professional consistent trading day in day out...
No doubt . Market maker have advantage ,
slightly more as 50%
Observe ,how make profit Oanda , gret quantity of small clients with great quantities of operations
Shannon/Kelly form is relevant ,if operator have advantage
Retail have not
##################
If exist not advantage ,best strategy
to win ,limited quantities of operations
with heavy beat (100 % Risk)
Montecarlo roullete have advantage 51.60
to 48.40 . (with event game)
Retail in Montecarlo have only 48.60
Retail clients in forex very possible lower
as 48.60
......
Any idiot can nearly randomly open positions on max leverage, eventually catch a strong trend, multiply $500 account in a very short time and show it to impress fools about how much profit he/she made.
It is no different ,more of them randomly open
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can be better ,as fundamental and technical
##################################
indicators,news broadly used from professional as
########################################
desinformation ( Buy on on rumour ,sell on news
################################
on example)
To end of the year 90% of retail would loss ,5% would have zero ,4.9% average win and only
0.1% very good win
Average retail account life expectancy by forex
60 days.
....................................................
But it is not even nearly called trading in a business sense of the word.
Nonsense . All operations ,1000 per day
or one per year .with risk 0.1 % of capital or
100% of capital related
to
1.Edge
2. Game theory -Shannon,Kelly ,Morgenstern,Puancare
Author point of view -retail have not any edge
#######################################
full correlated with industry statistic
No doubt . Market maker have advantage ,
slightly more as 50%
Observe ,how make profit Oanda , gret quantity of small clients with great quantities of operations
Shannon/Kelly form is relevant ,if operator have advantage
Retail have not
##################
If exist not advantage ,best strategy
to win ,limited quantities of operations
with heavy beat (100 % Risk)
Montecarlo roullete have advantage 51.60
to 48.40 . (with event game)
Retail in Montecarlo have only 48.60
Retail clients in forex very possible lower
as 48.60
......
Any idiot can nearly randomly open positions on max leverage, eventually catch a strong trend, multiply $500 account in a very short time and show it to impress fools about how much profit he/she made.
It is no different ,more of them randomly open
#######################################
can be better ,as fundamental and technical
##################################
indicators,news broadly used from professional as
########################################
desinformation ( Buy on on rumour ,sell on news
################################
on example)
To end of the year 90% of retail would loss ,5% would have zero ,4.9% average win and only
0.1% very good win
Average retail account life expectancy by forex
60 days.
....................................................
But it is not even nearly called trading in a business sense of the word.
Nonsense . All operations ,1000 per day
or one per year .with risk 0.1 % of capital or
100% of capital related
to
1.Edge
2. Game theory -Shannon,Kelly ,Morgenstern,Puancare
Author point of view -retail have not any edge
#######################################
full correlated with industry statistic