Question for those who believe everything is 50/50 always...

Mtrader said:
Who said that trader A makes only 2 points a day? Where did you read that?

Read what is posted, not what would be convenient for your posting and your calculations.
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Sorry, but I assumed you were trader A. Most people will not let others watch so closely how they trade, so as not to give up their strategy. You claimed to have intimate knowledge of trader A's method, so I assumed you were talking about yourself. And you claimed your goal was 2 points, which led me to the question.
 
USDJPY said:
To make over 100% a week trading the ES, you would need to make more than 2 points a day. That comes out to 10 points a week. You would need over 200 X leverage to accomplish this, which is crazy.
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ROFL...maybe he means 100% of what he actually invest for that week..not 100% of his entire account??? Did you consider that? ...:rolleyes:
 
pinabetal said:
ROFL...maybe he means 100% of what he actually invest for that week..not 100% of his entire account???:rolleyes:
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We'll if that were the case, then trader A would not be on the way to becoming a billionaire, which his post implied.
 
Mtrader said:
Well Einstein,

read my posting again or ask somebody to explain you what I posted. Your calculations proof that you cannot even read plain English correctly.
I will give you 1 hint: after four weeks (1 month) I reset my account to the starting capital. This means that in your calculations after you hit $32,000 you should put away $30,000 and trade again starting from $2,000. Your yearly profit will never exceed 12 times $30,000, or $360,000.

I doubt if you understand this. Maybe first follow English language for beginners and after that basic math.
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Fair enough, I'll be doing the same @20K area.

But still 10pts, 100% account growth, Forex account and 400:1 margin ??

How many months out of the year, trading at that level do you get a fast move against you wiping out all your profits that month ?? I'd bet 90% of them.

No need to be bitchy, it's a forum I really don't care about correct english crappola, I'll leave that for spelling Bee moron's, who are out to prove something.
 
USDJPY said:
Page 6, last paragraph of his post. He says he has the chance to become a billionaire, but holds back, choosing a less aggressive strategy to avoid a substantial drawdown.
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I never took it that way. An example of how i took that statement is: say i have $300,00O I could play the lotto and get lucky or may play for 40 years and win nothing and lose what I invested or i could choose to put my 300,000 to work making a regular stream of income. To me that is what he was saying.
 
pinabetal said:
I never took it that way. An example of how i took that statement is: say i have $300,00O I could play the lotto and get lucky or may play for 40 years and win nothing and lose what I invested or i could choose to put my 300,000 to work making a regular stream of income. To me that is what he was saying.
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I guess so. But most successful sources of trading profits provide a regular stream of income. The exception to this and what could be compared to a lottery ticket like trade would be CDS during the housing bubble. Anyway, I thought we were talking about currencies and futures.
 
fairly interesting conversation and appreciate everyone being mostly civil. think i am going to be bowing out, as everyone in the conversation has made it pretty clear of their reality and stance and I don't really have anything else to add.
 
USDJPY said:
Sorry, but I assumed you were trader A. Most people will not let others watch so closely how they trade, so as not to give up their strategy. You claimed to have intimate knowledge of trader A's method, so I assumed you were talking about yourself. And you claimed your goal was 2 points, which led me to the question.
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My goal was 2 points but I past that point already a long time ago. Make much more than 2 points.
But for me the discussion is over. Too many people tell or nonsense (Turveyd and you), or don't follow themselves the rules they post (Maverick74).
Serious discussions on ET are impossible. I drew my conclusions.
 
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