Wiseguy my good fellow, what a load of poppycock, I cannot believe a word that you say for example;
in 45 mins. I usually make over 50% on my winners never mind a piddly 7 %
You only need to make just 1.2% per day over 250 trading days to achieve 300% per annun which is the same you said that you made, so why do you say that 7% is piddly.
7% daily over the same period is 1,700%, if this is piddly what is your 300%p.a. then. Oh but I forgot you make 50% in 45 minutes that's 12,500% p.a., so why did you make just 300%, I am confused.
if scraping was so great , do you all not think the MW's would have been talking about it ?
OF COURSE . the fact is they do NOT because they have no use for it .
If you can show me one of your gurus that have made more than 5400% return on total capital invested in 4 weeks then you may have a point. If you do show genuine results and prove me wrong I will leave trade2win forever, if you cannot you should do the same.
if you want to trade 10 lots then jolly well have the margins for such , otherwise , you will face the damaging psychological fact of having wins but no way to withdraw and enjoy the money , as it will be left in your trading account . very bad , since , whatever you win to day could be all whipped away by losses tommorrow .
I did not say reinvest all of your winnings, if you go back and read you will see that I like to take money out every month and took OUT 20x my original capital over 4 weeks.
It could take you forvever to increase your stake . the market never behaves the way you want and never moves consistently whether you want it to trend or go sideways .
It could take forever or it may not, depends on the system. I don't think roughly £200 to £11,000 in for weeks is that long unless you can make the fictional amount of 50% in 45 minutes that you pretend.
[QUOTE3) low W:Ls + high Rew:Risks vs. the vice versa :
I believe and have acheived large gains over time using the above . How ? very simple - if I make 10 trades and 3 are winners that make 100 pts each but lose 7 trades of 15 each , then my overall Rew : risk = 300 / 105 which just less than 3:1.
but if I have 7 wins of 15 and 3 loses of 20 , then my R:R is 105/60 just less than 2:1 .
3:1 beats 2:1 , simple . [/QUOTE]
I notice how you have to twist the figures to make you look good, this is a common trick of these banking/ivestment sorts. I received a flyer from my my pension provider the PRU saying how they have out performed the FTSE by 40% in the last 5 years, then why did my fund drop 10% 2 years ago. If you read closer it said the FTSE dropped 16% and they made 24% over the same period, this is less than 5% per year. But WG say's 7% in one day is piddly?????
To remind you WG you said
So now we come to the fool's gold part . we see a lot of " systems " hyped as giving 90% winning trades , and usually they advocate scraping as the method of choice.
If you use your original figure of 90% you will have 9 wins of 15 and 1 loser of 20 (you have increased this also to make it look worse.) then your R:R is 135/20 6.75:1
6.75:1 beats 2:1 oooh and is more than twice the return of 3:1
in scraping , X will have a max. stop of 17 pts , but his $ losses are usually less than this , why ? because he " manages " it , he will exit the trade before it gets hit . why ? why have a SL and not use it ?
Not so, I trade a system and get an exit signal, this is usually profitable but can be a loss. I would rather have 3 losers of 1,5 and 11 points than 3 stops at 17 each.
the reason is that short term volatility can be severe. just becasue you think you have entered a good set up don't mean much especially in forex . it can whip around 20/30 tics no sweat . thus , with a 17 pt SL , he cannot afford to have this happen too many times . if it happens 4x in a row he is down some 70+ pts ( comms inclsve) , that's a lot in a short space of time
Don't know who this is about, I trade the Dow.
So if there are any replies to specific issues or new observations then I will continue to respond but otherwise I am done as I think we do not want any of the repetitous drone that seems to have palgued us so far .
. I do not engage in word master#$tion , if you wish to do so , then do it on your own .
thank you and good bye .
Is that why you will not tell what your win ratio, there is no need to be embarassed and run away but if you are not will to answer any questions please be a gentleman wiseguy and keep to your word.
Do you never have anything positive to say or is your life's mission to try and convince everyone with interminable repetition that most traders lose money? We know this already, so perhaps it's time to move on? BTW I'd stake a lot of money on Chris not being among them, far from it in fact.
