This represents a thread, spurred on by the "generosity" of someone who claims they will increase their acont from $700 to $200,000 in 65 days. Ignoring the fact that it will and cannot be done, and involves insane risk that only newbies and paper traders desire and dream about. But since for some reason, some paper-trading wellwishers are cheering it on...
To take away the temptation of commercializing their venture, we will be publishing here every published rapid-account technique known to trading humanity. So you don't need to buy anything before taking a chance to lose all your money also...
And in reality, if it is making "progress" for any length of time, then you are not getting the real account statements. Without "I am going long/short" now posts on ET (time stamped) - then the experiment will be all trickery...
Now, Trading Tricks of the Insane
Hold&Hope (aka Hold&Pray) - not really a rapid account growth method, it is where the trader/vendor refuses to take a loss (against every sane industry advice - cut your losses short). These work for brief periods of time, and then blow up in your face. Auditing sites are gathering places for such disasters in waiting. Provides no edge, and refuses to take the competent loss. Eventually, probability catches up and will blow out the trade and possibly the account. This is a very common method.
Averaging Down/Up - The trader keeps adding to an existing position, hoping to cause the average entry price to be better. Provides no edge. The price is much more leverage and much larger per-trade drawdowns. Does not work for long. In leveraged trading, only newbie traders, con artists and madmen do this. There is no such thing as a free lunch.
Scaling Up/Down - supposedly, a smaller variant on averaging up/down. It make the entry and exit price look better, at the price of more leverage and larger per-trade drawdowns. There is no such thing as a free lunch.
Pyramid Your Profits - THIS is likely the method of our "make your account 20X (2000%) bigger in 65 days". This DEFINITELY in leveraged trading, is the realm of newbie traders, delusionals, con artists and madmen. Looks fine EXCEPT, you are adding phenomenal leverage. Imagine holding 1 ES emini with $700. At a level of 1,000, this represents $50,000. That is about 71 leverage factor. For ONE contract.
The gimmick? When you make $700 in profit, get another contract! THIS is likely how this will work (even though it won't). Except again, you still have 71 leverage factor. A margin of 1.4%. A housecat controlling a grizzly bear.
So you need to be right, almost every time. No margin for error, on each and every of the many trades that are about to happen. If you don't have perhaps the best edge in human history (even then no guarantee), the odds of 2000% increase in 65 days against you are likely trillions to one or higher.
Expect a website, blog "PM me for details" or other method to try and sell it, but best guess is this is likely all you are going to get - "Add on another contract with each $700 (or other level) in profit". And since this attempt won't work, ANY sign that it is going profitable will bring the come-on. And when it fails, there will be a new thread and new alias(es) to try again.
The problem is, these are all Smoke-and-Mirrors Tricks. They MAY work, until they crash and burn. Traders who actually make money run in the other dirrection, because they know it is more important to keep your money than to make money.
FUTURE POSTS: Martingale/Anti-Martingale strategies, Fixed Ratio, Fixed Fractional, Optimal f, Kelly Criterion
To take away the temptation of commercializing their venture, we will be publishing here every published rapid-account technique known to trading humanity. So you don't need to buy anything before taking a chance to lose all your money also...
And in reality, if it is making "progress" for any length of time, then you are not getting the real account statements. Without "I am going long/short" now posts on ET (time stamped) - then the experiment will be all trickery...
Now, Trading Tricks of the Insane
Hold&Hope (aka Hold&Pray) - not really a rapid account growth method, it is where the trader/vendor refuses to take a loss (against every sane industry advice - cut your losses short). These work for brief periods of time, and then blow up in your face. Auditing sites are gathering places for such disasters in waiting. Provides no edge, and refuses to take the competent loss. Eventually, probability catches up and will blow out the trade and possibly the account. This is a very common method.
Averaging Down/Up - The trader keeps adding to an existing position, hoping to cause the average entry price to be better. Provides no edge. The price is much more leverage and much larger per-trade drawdowns. Does not work for long. In leveraged trading, only newbie traders, con artists and madmen do this. There is no such thing as a free lunch.
Scaling Up/Down - supposedly, a smaller variant on averaging up/down. It make the entry and exit price look better, at the price of more leverage and larger per-trade drawdowns. There is no such thing as a free lunch.
Pyramid Your Profits - THIS is likely the method of our "make your account 20X (2000%) bigger in 65 days". This DEFINITELY in leveraged trading, is the realm of newbie traders, delusionals, con artists and madmen. Looks fine EXCEPT, you are adding phenomenal leverage. Imagine holding 1 ES emini with $700. At a level of 1,000, this represents $50,000. That is about 71 leverage factor. For ONE contract.
The gimmick? When you make $700 in profit, get another contract! THIS is likely how this will work (even though it won't). Except again, you still have 71 leverage factor. A margin of 1.4%. A housecat controlling a grizzly bear.
So you need to be right, almost every time. No margin for error, on each and every of the many trades that are about to happen. If you don't have perhaps the best edge in human history (even then no guarantee), the odds of 2000% increase in 65 days against you are likely trillions to one or higher.
Expect a website, blog "PM me for details" or other method to try and sell it, but best guess is this is likely all you are going to get - "Add on another contract with each $700 (or other level) in profit". And since this attempt won't work, ANY sign that it is going profitable will bring the come-on. And when it fails, there will be a new thread and new alias(es) to try again.
The problem is, these are all Smoke-and-Mirrors Tricks. They MAY work, until they crash and burn. Traders who actually make money run in the other dirrection, because they know it is more important to keep your money than to make money.
FUTURE POSTS: Martingale/Anti-Martingale strategies, Fixed Ratio, Fixed Fractional, Optimal f, Kelly Criterion
