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sonofcablemonster
Hopefully traderboi ( or another ) may return sometime and let us know how he is getting on.
Scared of being sued probably ?
i suspect I know the answer but yes hope he will return.
Hopefully traderboi ( or another ) may return sometime and let us know how he is getting on.
Scared of being sued probably ?
i suspect I know the answer but yes hope he will return.
Little do small short-term retail investors know......they will soon become the raw materials for the creatures of the lagoon! I have honestly never known of a small retail trader (without extensive insider training/knowledge and on-going access to these resources e.g. Anton Kreil) who 'sustainably' made the kind of money we would all be attracted to short-term trading for in the first place (i.e. 250k annually or a lot more).
Well i'm still here after doing the course and still trading as an independent through amplify. i'm just curious as to how many of the nay sayers here have actually done the course? And if so what month did you join? chances are we would've exchanged some ideas in the hotcomm room
Well i'm still here after doing the course and still trading as an independent through amplify. i'm just curious as to how many of the nay sayers here have actually done the course? And if so what month did you join? chances are we would've exchanged some ideas in the hotcomm room
Tempted to sign up for the Amplify training course but still not sure. Is there anyone here who has been backed by Amplify post-training?
Just a couple of questions if you will :-
1. Are you profitable now thanks to the amplify course ?
2. Is there some pressure to give amplify a good mention ?
I shall quite understand if you would rather not answer either or both questions and be forced to make the obvious conclusions.
@Pid: Good post. I'd say most people will need longer than 2 years to become proficient tho - it took me longer than that. Hope it goes well.
Edit: Just one addition, let's not disparage the wanting to "be surrounded by hookers" ;-)
As for the hookers, thats the ideas you get after watching wolf of wall street....
Yes i am extremely profitable. in fact so profitable that only last week me and the missus went shopping for private jets. We'd picked 1 we were really happy with until an argument broke out over if we should go for the synthetic upholstery or the real animal skin. naturally i opted for the rare extinct tiger print fur with the big brown baby seal eyes for landing lights which is when my wife had a massive go at me for becoming totally materialistic and how i never listen to her. at least i think it was something along those lines i wasn't really much attention to what she was saying.
needless to say i intend to have the jet painted with the amplify logo and colours and have the head traders portraits plastered on the wings because i feel so obliged.
Guys wake up. give up this dream of making your millions through trading. I am a full time independent trader and it is the hardest most miserable job there is. There are weeks where im up, and weeks where i am down. looking back i make more than i lose and the weeks where i am up are great. last week i traded all week and ended up at a loss of over $400. i literally would've been better off financially if i sat in front of the sofa watching tv then trying to trade the markets from 8 - 5 every day. How many of you are willing to work for free some weeks or at a loss? Because unless you are lucky to get a job in a bank thats what you'll end up doing.
To be a trader you need 2 things
1. A very high threshold to pain
2. the willingness to work for free while you learn this business. (Which will take most up to 2 years. if you're really good you can do it in 1.)
you really believe you can do it in under a year? congrats to being the 95%.
Why do you hardly hear of any REAL traders on this forum? or any forum? Because trading quickly churns up and spits those out only looking to drive the lambo's and be surrounded by hookers enjoying copious amounts of pork sausage. And all you're left with are those that want to fight through the pain, learn to trade first and make money second. There are no ego's left by the end of it. just the knowledge that there will be weeks where the market gives, the market taketh, and when it decides to will give you a sore ass.
Amplify can teach you to trade, they cannot teach you to be profitable. There are many traders far better than me who even though were being backed left because they needed a wage, and they realized that the time needed to invest in order to become consistently profitable was gonna take too long so they took the job route instead and quit trading.
March 4th will be my 1 year anniversary since i started the course and it has taken me this long to build up the consistency and confidence needed to trade real size. And i have yet to take a penny out! I'm reinvesting all the money i make back into my trading account so i can increase my size but still keep my risk the same. im hoping that by the summer i might take my first wage from this entire trading venture.
So lets add this up shall we -
£5000 course fees + $4000 trading margin (so as to trade real size on both e-mini SP and eur$) + all your expenses needed to survive 18 months on no wage while you learn this business. (by business i mean until the market has broken down your ego, instilled discipline and gives you the confidence to fight through the pain barrier and take every trade that is in line with your strategy regardless if you win or lose) and then maybe, just maybe you might make it as an independent trader.
Hows that for an promo for getting into this business!
Amplify are genuine, you will be taught by successful traders who are widely respected within the industry. They have been doing this job a long time. but they can't make you profitable. that is purely down to you and how realistic your expectations are when it comes to learning this as a career.
Wow apologies for this long rant. Anyone would think ive had another loser today.....thank God ive got Amplify paying me to keep posting on these forums.....
there are many veteran traders in the Amplify chat room, I don't know about them all but yes 1 of them started the course before me and is still definitely backed by them. I consider him an exceptional trader.
Yeah I agree, it's just when they only offer some kind of remote service with no in house presence at all that you know you're being fleeced.
Incredibly few genuine props in what is supposed to be the financial capital of Europe. We've got, what, Marex, Futex (tough to really say they're in London...), Pyne and a few US props that have a base in London along with the micro cap remainder. Honestly struggling to think of many others of note.
Marex have a total freeze on new traders at their physical location and we've discussed they've diversified so heavily outside of prop trading that their profit split with traders makes up a tiny amount of their income (and outright, a tiny absolute amount). Futex seem relatively active, but their lack of any major growth would concern me a bit and Pyne, well, I saw an advert on efinancial where they were charging 7 grand for the new trader programme, which is a shame they went that way.
I think something needs to be done about this stuff. It prays on the vulnerable who have a City dream and they pitch it at just about the right amount of money anyone can scrape together. Every other job with a desk in EC or Canary Wharf demands a very good postgrad and significant intern experience, but suddenly you find one that says if you have an O-level in woodwork and are willing to pony up 5-10 grand, well, come on board. You'll have a genuine chance of being funded too. Oh rly? How come you only have 20 people in your cheapo office and each intake is 15 people a month eh? Doesn't mention that in the ad :whistling
Anyone in their trading room? I was in there for a trial and thought it was very good,
live calls, great education and analysis but I cant justify the fee as I am likely to only be able to use the room once or twice a week.