Ahh, that is what I was missing. Thanks!
YM Magic!
- Thread starter TheTrue1
- Start date
Ahh, that is what I was missing. Thanks!
One thing I don't understand: since you have a good system and you are confident and you showed making quite some good calls, why don't you just open an account with AMP with even $2000 and start making real cash, instead of hoping to get some subscription fee. I am pretty sure you are aware of the low margin requirement from AMP ($500 per contract for emini), so for $2000 you can comfortably trade 1-2 cars, if you system is solid, and apparently you are quite experienced to avoid big draw down based on the recent data. Do you worry you can't get this kind of performance when trading live account? But even you get 50% of this performance, a 50% monthly return is still great.
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When I do, it will be for more than 2000 dollars. Add to that, I like helping others make money as much as I like making for myself. What's wrong with both? Times are hard. People need ways to better their financial status.
Laying it on a little thick here my friend???
You know the answer to that
As @southall points out, it's easy to call out trades and 'make' money when at the time of posting there's already a 5 point move underway. That's a big advantage and from that 5 point lead you can steadily make money. It's like having a 5 point insurance...
So, the reason OP wants subscribers is because he doesn't have any cash and a lot of free time...
So here is the rub--- Trading 5 contracts means you are controlling roughly $514,000 with just $10,000. That is leverage of 51.4 to 1.---Doesn't sound like a real good plan does it?
Here is a second example of having a profit target of 30 pts($750) but giving credit for 60 pts ($1500) profit. I think you need to rectify this in your study and make appropriate changes going forth.
--and a further example of crediting more gain than initial trade.
Its a great plan for a fake paper trader who has no real money on the line, he gets to show off huge rates of return.
Not a good plan for his followers who will blowup pretty quick when using 50:1 leverage.