Does anyone have any experience of Dubai Strategies? The cashmaster link(http://www.cash-master.com/dubaistrategies.htm) claims 40% per month and 2300% per year!!! Just the normal hype or any merit to the systems? I'm sure there used to be a myfxbook link to the live results on the blog but this seems to have gone now.
missionary
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Yes, every day and profitable. Take a look at his blog. A lot of Net Trappers use his strategies too.
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A combination of NT and Dubai Strats made me just over 70% in September. I am not bothered at working out exact percentages of each trade. I also trade in ££'s a pip not pence. Someone somewhere else wrote that the claim was not made by DB but by A.N.Other. DB is a quiet modest kind of fellow, he does the hard work putting the strats together and proving them, and then running a daily live chatroom for his clients - unique in my experience. Others who do the marketing you may find are beyond his control. So why not now write to him via his blog? He will give you all the info that you request I am sure.
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70% in one month. Wow! I suspect that you're risking quite a lot on each trade (5%???).
Beware the drawdown months. Congratulations to you though. Keep up the good work!
missionary
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Don't recall asking for your advice Mr I, you asked for mine.
As a professional economist with a lot of grey hair I think I can look after my bank account thanks. Now go and buy DB's ebook.
As a professional economist with a lot of grey hair I think I can look after my bank account thanks. Now go and buy DB's ebook.
No, I don't think it's hype and the results are almost certainly legit.
I mean it would be outragous to think that for an investment of £97 you wouldn't be able to get some of the best trading returns on the planet.
No need to get angry over someone congratulating you. Just trying to find out if you're taking greater than average risk (2%??) to get your great results. I know from the old net trap thread that even the best variants were not getting those results unless people were taking higher risks, hence my question. At least now I know that as a professional economist that your money management will be tight and that I can believe that 40% per month is an achievable figure on the dubai strategies based on your results.
I'm brand new to trading and reading as much as I can about everything, but surely if a system averages 40% per month as claimed in the advert then this would make it the best system in the city let alone in a forum. All very confusing to a newcomer. Can I believe anyone's claims?
missionary
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Mr I.
Although we regular traders may have liquid assets that represent our 'pot', we don't keep it open for trading, we put most of it somewhere safe earning interest. Like most others I have a proportion in a 'fighting fund' of several thousand which is that which I keep in the broker account to fund trades. That is the fund which increased by that percentage. Several thousand multiplied by 70% in one month is a tad more than pocket money. Now go and buy DB's ebook.
Although we regular traders may have liquid assets that represent our 'pot', we don't keep it open for trading, we put most of it somewhere safe earning interest. Like most others I have a proportion in a 'fighting fund' of several thousand which is that which I keep in the broker account to fund trades. That is the fund which increased by that percentage. Several thousand multiplied by 70% in one month is a tad more than pocket money. Now go and buy DB's ebook.
Get used to these claims poppygirl. The internet is full of bullsh1tters trying to offload their curve-fitted strategies on green members like yourself. There's no easy way to become profitable in trading, certainly not by spending £50/100 on a system. Hard graft, self evaluation, consistent execution of a method which has a positive expectancy, and determination is the only way you make money in this game.
Thanks for the advice jrp. I'll do my home work.
I wasn't going to reply to any comments on this thread but just thought I'd step in here.
I suggest you do your homework before you start calling me a bull****ter. I honestly couldn't give two hoots if you believe what you read or not, if you want to have your opinion, awesome.
Who said my strategies are curve fitted? You? Have you used my strategies? Erm, no.
The ebook was sold with a guarantee period, if people didn't like it, they could have returned it. Less than 20% did.
Forgive my ignorance, missionary, but is this the way gains are reported then? Surely if you have a larger account and trade your risk according to this, then should you not then report your gains from that total "pot" rather than just counting the gain of the smaller amount you actually have in your trading account. Forgive me if I'm understanding this wrong, but it's a bit confusing to a newcomer.
No, because i'm not gullible enough to fall for this cr@p. I've been trading for 5 years and have seen many like you, so trust me when i say this...you are a ten-a-penny vendor spouting utter ********.
Wow, 5 years, you must be amazing then? Keep trying, son, keep trying.
Brilliant! You really have faith in your trading system then, preferring to get a 0.5% return on your money with someone like the Co-op bank. I, like most serious traders have 90% of my liquid net worth in my trading account, as that's where it'll do best and i also have ultimate faith in myself and my ability to execute my method.
What? You've spoken to all 'serious traders' then have you? And you found out from speaking to them all that they have 90% of their net worth in play? LMAO.
As hard as you find that to believe, which highlights the lack of trust you have in your systems and ability, yes most serious traders do as they trade with a proven statistical edge, and have worked tirelessly to perfect the execution of their methods. This makes their trading account the safest, as well as the highest yielding place for their money. The fact you actually say you keep most of your money in a "safe place earning interest" (negligible in today's environment), just goes to show all those members you're trying to suck in what a joke you really are.
missionary
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Well, you try to be helpful and you still get shot down by people who cannot understand that there are many ways to approach a challenge. So I think it time to call a halt to my contribution on this thread. However, I am happy to continue any rational conversation on the T2W net trap private forum where I am a regular - and profitable contributor.
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