FTSE Trading 600+ points per months (63 trades - 63 wins)

[vonkhanage]

hi there guys,
i am currently in the middle of trying to put together a sort of "road map" for beginner traders.
most of the posts i see on here carry an underlying doubt as to whether it is possible to make money from trading. what i have is not a "holy grail system" it is simply a trading style and money management blueprint whereby someone who is very new to trading can start with very little capital (£250-£500) and consistently make money and build over time up to a point where they can choose to take a small regular income for their trading or compound their profits and trade on a much, much larger scale.

i am just throwing this out there to see if there is any interest. if there is i will compile it into a book for circulation.

the main reason for doing this is that there are no "hand holding" Guides out there. this is simply a method of start with very very small stakes and growing consistently.

please let me know if this is for you.

 

[vonkhanage]

also, as a little bit of a back up (because they are big claims) if anyone would like to see live trading account history etc. please just let me know

 

[trendie]

hi there guys,
i am currently in the middle of trying to put together a sort of "road map" for beginner traders.
most of the posts i see on here carry an underlying doubt as to whether it is possible to make money from trading. what i have is not a "holy grail system" it is simply a trading style and money management blueprint whereby someone who is very new to trading can start with very little capital (£250-£500) and consistently make money and build over time up to a point where they can choose to take a small regular income for their trading or compound their profits and trade on a much, much larger scale.

i am just throwing this out there to see if there is any interest. if there is i will compile it into a book for circulation.

the main reason for doing this is that there are no "hand holding" Guides out there. this is simply a method of start with very very small stakes and growing consistently.

please let me know if this is for you.

Is there any reason why you cant reveal the system here? Is it only for purchase?

What critical mass of interest do you need to write the book? Will it be for sale?
If so, the level of interest may fluctuate dependent on the price; so its best for you to clarify the level of interest you seek.

we cant make an informed decision whether this is for us or not, as you have not given any meaningful information with which to make such a decision.

I also think that you have misjudged the situation, and I believe that making money is achievable, its just that its very hard work.

is your method more profitable than the 3-Ducks?

 

[vonkhanage]

Is there any reason why you cant reveal the system here? Is it only for purchase?

What critical mass of interest do you need to write the book? Will it be for sale?
If so, the level of interest may fluctuate dependent on the price; so its best for you to clarify the level of interest you seek.

we cant make an informed decision whether this is for us or not, as you have not given any meaningful information with which to make such a decision.

I also think that you have misjudged the situation, and I believe that making money is achievable, its just that its very hard work.

is your method more profitable than the 3-Ducks?

ok valid point.

your questions answered in order.
no it is not for purchase, i would happily circulate this for everyones benefit.

so, at no cost, i would like to know whether or not people would be interested in this. so as i can format it in such a way that it is easily accesible and useful for the novices amongst us.

the title of the post should indicate the level of success, and screenshots, statements and account history etc can quantify this.

having tried the three ducks system and many other "unbranded" sma crossover systems i would have to say that is hard to justify either way as it is out of context.
(three ducks systme is a forex system, this is solely a FTSE strategy)

but at 600+ points a month. you can insert the figures yourself and draw your own conclusions based upon your own money management.

the reason for asking for a registered interest was simply to define whether i continue with this excercise for my own benefit or for every other novice trader out there.

thank you for a constructive reply Trendie.

 

[trendie]

count me in, then!
thats one.

re: its a FTSE index system, not FX; sorry, utterly fixated with FX, but curious about indices.

 

[Trader333]

Sounds great when can we start ?


Paul

 

[gamma]

someone who is very new to trading can start with very little capital (£250-£500) and consistently make money

It is wrong to encourage people to think that one can start trading with such a small amount.
This is what the bucket shops do tell people they can start trading today with a small amounts like this knowing very well that they will lose their money.
Anyone starting to trade with such a small amount is asking for trouble or gambling and depending on luck in which case you might as well go down to the nearest bookies and place your bet on willy nilly at 100 to 1.

 

[Directional]

100% winners is setting the expectations quite high. Can I ask if 63 trades is the maximum "sample" you have available to base your performace summary on?

Is there reason to believe that such a win rate is sustainable and duplicateable? 600 points divded by 63 trades works out at just over 19 ticks per trade (FTSE future is half ticks).

That sort of performance by any standard is exceptional,if its likely to continue.

are the trading rules fairly mechanical, or is there an element of skill, discretion or judgement in them?

What sort of risk reward ratio are you working with (ie: are the stops extremely large?).

I hope you can appreciate a post with such performance claims may attract some (un)healty scepticism from some.

I for one would give my left b0llock to trade like that. You seem to have found the holy grail.

 

[belflan]

I for one would give my left b0llock.

is this what you pro traders use as currency..

 

[Directional]

is this what you pro traders use as currency..

its worth its weight in gold. Thats a lot of gold. :whistling

 

[Hoggums]

wow 100% accuracy and 27+pnts per day on the FTSE.

I'm in.

I'm not sceptical at all.

 

[vonkhanage]

hi guys,

thank you for the interest and comments,
in first reply, {gamma} i understand your point about the initial capital. but lets not lose sight of the bigger picture. if you can consistently trade and be in positive profits it really doesnt matter what you start with. all i am trying to do here is offer something firm to novices without making things too difficult.

the main thing to focus on here is the points and the percentage increases, if you have more money to start with then the points and percentages will stay the same but the physical proift will incease.

please dont think i am infallable. as it happens i am expecting to take a loss trade on the 16th may. but lets face it. if we could all trade at an 80-90% success rate. the world would be a better place

Thus far all the trades have been winners. i am at work at the mo' but when i get home tomorrow i will grab a account history screenshot to post for you.

hopefully i can give some newbies a solid grounding in the science of being succesful. yes this is sustainable. the guy who originally mentored me through this has been doing it since 1978 (when you had to check the prices on teletext and place your orders by fax. Jeezuz!)

but its all to play for.

second question {arbitraguer}
there are no stop losses, i dont use them unless i am that far into profit that i am locking it in. the rick reward ratios are somewhat different to what you would be used to but the money management element takes care of that.


now you guys have shown an interest i will get my **** into gear and try and finish this book asap so you can try it for your selves.

kind regards.-=VK=-

 

[Directional]

Any expansion on the first question: are the trading rules fairly mechanical, or is there an element of skill, discretion or judgement in them?

 

[gamma]

I commend your generosity and altruistic manner sir
its nice to see a seasoned trader giving something without expecting anything in return
Please be aware and ready to get a lot of stick as people on this forum are very skeptical and we always look a gift horse in the.
But good luck with the task and lets hope we all learn something from it.

 

[trader_dante]

No stops? Oh God, here we go...

If you trade without stops its possible to have a 100% track record over an infinite number of trades. It's easy - positions don't show in your P&L until they are closed, so if a position is losing, open a new one and run the old until it comes back...if it doesn't come back no problem...just keep using the few winning trades to increase the account...

I've seen only one person claim both a 100% track record and a no stop strategy and, with all due respect MP6140, you haven't "proved" it yet either.

 

[grantx]

Arbitrageur,

Your "left"? You mean your "only".

We had a guy at school who was rumoured to be so afflicted. While not totally baseless, it was a case of conveniently ignoring the medical reality for the sake of humour. We called him Solo.

Hitler has only got one ball,
the other is in the Albert Hall.
Himmler has something similar" etc

Grant.

 

[new_trader]

Arbitrageur,

Your "left"? You mean your "only".

We had a guy at school who was rumoured to be so afflicted. While not totally baseless, it was a case of conveniently ignoring the medical reality for the sake of humour. We called him Solo.

Hitler has only got one ball,
the other is in the Albert Hall.
Himmler has something similar" etc

Grant.

Great. This all we need...another thread where people are talking b0ll0cks!

 

[vonkhanage]

No stops? Oh God, here we go...

If you trade without stops its possible to have a 100% track record over an infinite number of trades. It's easy - positions don't show in your P&L until they are closed, so if a position is losing, open a new one and run the old until it comes back...if it doesn't come back no problem...just keep using the few winning trades to increase the account...

I've seen only one person claim both a 100% track record and a no stop strategy and, with all due respect MP6140, you haven't "proved" it yet either.

agreed, no one said anything about a proven strategy. but you cannot deny the win/lose ratio is very interesting.

you are nearly right, as i said i am expecting a loss trade on the 16th may, for that very reason. but since it is all based on historical and fundamental projections, there are no "signal" or indicators. lets look at it this way.

the FTSE was trading at about 550 in 1970 it is now trading around 6220. historically that is a solid uptrend (save 9/11) all you are doing is buying (predominantly) at preset levels, with the occaisional sell here and there. the market may take dip but (like house prices they always rally and increase. such has been the way of things since the mid 70's.

so by using very rudimentary support and resistance you have a huge channel in what is pobably one of the biggest long term uptrends going. and yes you do carry some "open losses" but they come good. remeber a loss is nor a loss until you have closed the position or had it closed for you..

i understand skepticism (being party to it myself) but i used to trading forex with about a 63% success rate, but only nominal gains.

without losing sight of what we are trying to achieve here, this is something that gives new/novice traders a great opportunity to start small and build up wwithout the pressure of trying to gain too much too quickly, (which as we all know) would detsroy most of them in terms of morale, confidence and trading capital.

-=VK=-

 

[rocky mtn trader]

Show us your method VK. I for one am new to trading and would appreciate more information about something different.

 

[trendie]

....
a loss is nor a loss until you have closed the position or had it closed for you..
....

-=VK=-

oh dear.

carrying a loss means margin capital tied up and unavailable for other trades, and the psychological pain until/if it "comes right".

I think your 100% track record may reflect your desire to be "right", rather than being "profitable".

As a trader, I have evolved beyond needing to be right, and accept my losses quickly; one of the best things I ever learnt. I get to sleep soundly at night.

you have lost my interest.
sorry.