YM Magic!

TheTrue1 said:
Let me be honest. All my entries were legit. I don't lie too myself. What would be the point. I challenged myself to do this at elite trader because after becoming a member, it appeared to be a site with professional traders. And it is. Very well informed traders. I wanted to see how I measured up in a sense. In the process I became a fan of ET. Read all the threads I could. Still do.

More honesty...I don't have 10,000 dollars to place in a broker account. I make $14 an hour as a machine operator. I am in my 50's. The success I once had in trading financially got snatched away in a divorce. Add to that I have a daughter with serious and expensive medical requirements. So when I did have money my money went to that cause. I don't owe anyone these explanations. But it is what it is.
There is a sight where traders are providing signals in the same manner I posted this month. Millions of dollars are being traded on this site. 95% of the signal providers do not trade live brokerage accounts. The traders are producing a measly 10 to 30% monthly. And subscribers are paying for their service. I have daughters and grandchildren. It is incumbent upon me that I leave them more than my parents did myself. Trading is how I have chosen to do that.
So I am nothing near a fake. Or a scam. I am a trader who has put in a lot of work to get to this level of trading. It took years.
Go back through the post. All my post. I never said or even insinuated I was trading live. Mr. 888 did not either. If you were tuned in from the beginning, you would know he requested I make realtime calls. And I did.
A signal posted cannot be pulled back. Any trader knows this.
In closing...you may want to ponder this. Fear and greed are two huge factors in trading. Though I have did well too remove them in my live trading. I have always traded demo as it were live. But, if a guy is a good trader and has conquered fear and greed. And he's posting signals for others. The fear and greed in their entries are also removed. Whether he's trading live or memorex. The bottom line in the signal receivers account will grow. Period. There may be a benefit to having a good trader posting signals as such.

I may just come back and do this in April. But I must admit that I will be somewhat tied up performing the same feat at Collective2. Also, if I do come back to repeat it. I would like for Southall, Mr. Scalper, buy1sell2, to do the same. A challenge to you three.
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Furthermore, I will give the 3 of you I extended the challenge too, a head start. I will produce 100% before you produce 75%.
 
TheTrue1 said:
Thank you buy1sell2. You should do what you just described this month. Your hindsight trading expressed above sounds good. Predict ahead of the market please.
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Uncalled for. I place live trades on the board all the time. -----Just trying to help you and readers---
 
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TheTrue1 said:
what is a 0.24R?
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For every dollar risked you earn 24 cents, this is your expectancy.
This is a good number,gives confidence.

Will get more stats when you go on C2 we get them in a month time.
You doing good.From statistical point of view,80% of traders lose money,no point to react to negativity.
The remaining 20% will not give you opinion,you have to do it all on your own.
Same with good strategy with very likely be overlooked at first,initial bias is to be skeptical.
It's for you to prove them wrong,simple as that.
 
Van_der_Voort_4 said:
For every dollar risked you earn 24 cents, this is your expectancy.
This is a good number,gives confidence.

Will get more stats when you go on C2 we get them in a month time.
You doing good.From statistical point of view,80% of traders lose money,no point to react to negativity.
The remaining 20% will not give you opinion,you have to do it all on your own.
Same with good strategy with very likely be overlooked at first,initial bias is to be skeptical.
It's for you to prove them wrong,simple as that.
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Great advice! And I will prove them wrong. With trading. NO MORE WORDS!
 
TheTrue1 said:
Good Morning my ET friends!
Collective 2 Update
Day 1. Trade 1
+$1,750
+70 ticks
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Is that a 25ct position? That is insanity. Not to mention that generally it would take more than $10,000 to even enter a position that large.

And if it IS a 25 contract position, you get caught in the overnight before closing, you'd need $100,000 just to cover the maintenance.

I must be missing something here.
 
Overnight said:
Is that a 25ct position? That is insanity. Not to mention that generally it would take more than $10,000 to even enter a position that large.

And if it IS a 25 contract position, you get caught in the overnight before closing, you'd need $100,000 just to cover the maintenance.

I must be missing something here.
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5 contracts= $25 per tick
70ticks × 25=1750
 
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