Wunder J $1,000,000.00 in 30 days
- Thread starter romik
- Start date
Come to think of it, i wonder if your returns are based on that method?
I cant divulge info on it, after it was modified and became proprietary.
It might still be on the net in original form, it was known as "SUPER G", after giant slalom.
It only worked on cash markets though, so, maybe do a google for
"Super G-Spot".
I cant divulge info on it, after it was modified and became proprietary.
It might still be on the net in original form, it was known as "SUPER G", after giant slalom.
It only worked on cash markets though, so, maybe do a google for
"Super G-Spot".
Dear Romik:
I see from your posts that you are up to trading a 52-lot. That's mighty impressive for a 4-day run. I don't think you are grasping the magnitude of the risk you are taking with this geometric parlay you are attempting. All experienced traders know that it is much harder to keep your money than earn it. The true professional is more concerned with reducing his risk rather than maximizing his profit. As one who traded the S&P's when they first debued I realized that they can be subject to violent price reversals with little or no warning. You may have a great trading system with 90% + accuracy but that cannot guarantee you will not have a sudden catastrophic loss from some sudden, violent reveresal in the market. Only good money management can do that. I know you think you are invincible right now after several days of huge profits but that can change in a matter of minutes. When the S&P's go into panic mode, they can move 2 or 300 points very rapidly with no chance for your to get out where you would like. If you are trading several hundred lots you could see your account balance suffer a huge drawdown. Just when you think you are right the market can reverse on you and bury you. Going from $1,000 to $1,000,000 in 30 days means a 26% rate of return per day. Trust me, that cannot continue forever. When you take the risk necessay for that rate of return there will come a day when it all breaks down. If your system is as good as it appears I would slow down and not attempt to do it in 30 days just to prove a point; I would take 6 to 12 months to be safe. The most dangerous mindset for a trader to have is the King Kong feeling you have right now. It gives you a false sense of security that can cause you to hang on to a bad trade or take too much risk by overtrading. When it comes to amassing your fortune it is better to be late than "the late."
I see from your posts that you are up to trading a 52-lot. That's mighty impressive for a 4-day run. I don't think you are grasping the magnitude of the risk you are taking with this geometric parlay you are attempting. All experienced traders know that it is much harder to keep your money than earn it. The true professional is more concerned with reducing his risk rather than maximizing his profit. As one who traded the S&P's when they first debued I realized that they can be subject to violent price reversals with little or no warning. You may have a great trading system with 90% + accuracy but that cannot guarantee you will not have a sudden catastrophic loss from some sudden, violent reveresal in the market. Only good money management can do that. I know you think you are invincible right now after several days of huge profits but that can change in a matter of minutes. When the S&P's go into panic mode, they can move 2 or 300 points very rapidly with no chance for your to get out where you would like. If you are trading several hundred lots you could see your account balance suffer a huge drawdown. Just when you think you are right the market can reverse on you and bury you. Going from $1,000 to $1,000,000 in 30 days means a 26% rate of return per day. Trust me, that cannot continue forever. When you take the risk necessay for that rate of return there will come a day when it all breaks down. If your system is as good as it appears I would slow down and not attempt to do it in 30 days just to prove a point; I would take 6 to 12 months to be safe. The most dangerous mindset for a trader to have is the King Kong feeling you have right now. It gives you a false sense of security that can cause you to hang on to a bad trade or take too much risk by overtrading. When it comes to amassing your fortune it is better to be late than "the late."
I'll only believe them if he scans and posts a copy of his monthly P&S statement for all of us to see. Otherwise I credit it as total BS. I do believe it is possible to amass a fortune by geometrically parlaying one's profits, but only with strict money management but certainly not in 30 day's time. It also requires an extreme level of skill and experience not available to a beginner. I am enjoying this thread as entertainment but also realize that a rare number of traders can actually get rich in short order. Keeping that money, however, is a much bigger question. I am posting my coments more to ET than Romik in case anyone wants to try to duplicate his foolhardy approach. I am having a hard time figuring out what kind of clearing firm would let a customer trade in such a reckless manner. It doesn't compute. 52 contracts of e-minis would require a good part of the $200,000 overnight margin for a daytrade. Go figure.