50k dollars a month - page 16
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Misunderstanding is almost always guaranteed when people initially discuss different ways of doing the same thing.
Your statement: It means you have a demo account where you multiplied the initial deposit thousands or not millions of times, means you assume I already got it right some time ago. No. It is not like that.
I have been trading 17 hours per day on my demo account for the last 30 months. I use the demo trading to develop my trading plan. Then to refine and reduce the number of rules. That is where I am now after 11 000 hours on the demo.
I have published "Holy Grail" prints of my charts many times on this forum. A number of them are permanently available on here. I call them "Holy Grail" charts because it is clear on the chart that the customized MACD and/or customized Stochastic correctly indicated all the entry and exit points for that trading day correctly. It is possible on those charts permanently available on the forum to calculate the profit percentage for that day at 50 leverage and compounding 100% for that day. Normally those profit percentages range from 10% to 50% per day. Now and then reaching 100% in one day. I did not indicate these high daily profit percentages on the published charts because I realized that it would infuriate many people on this forum to suggest that it is possible to achieve those daily percentages. But, it is the simplest thing in the world to go to those published charts and calculate the daily profit percentages.
My trading plan consists of the customized MACD, the customized Stochastic and the 10 crossing 50 EMA pair.
I do not use just one time frame. I start on the M3 at any time after 5 am my time, 7am platform time. I could follow a long move all the way to the H1, going to an always longer time frame to keep my MACD daylight free.
I see it every day, but on a combination of various charts starting on the M3 that could go all the way to the H1. I will have to publish 10 charts for you every day so you can see how I have to often go from M3 to H1 to keep the MACD Daylight free.
Next time I publish a chart I will ping you in some way and I will start indicating the possible profit percentages for you. But, it is only with 50 leverage and 100% compounding.
I do see it on the charts every day.
I have to concentrate to improve my discipline to follow the rules strictly. I am almost there. I plan to go back to live trading within the next two weeks. I now have to lock in the discipline in my mind.
I don't need a chart, just show us that you multiplied an account 10 thousand times.
What you are trying to say is that "I see that I could do it every day in many charts, but I did not do it." - if that's the case, then I rest my case.
Otherwise, show the final balance and the history of deals.
I don't need a chart, just show us that you multiplied an account 10 thousand times.
What you are trying to say is that "I see that I could do it every day in many charts, but I did not do it." - if that's the case, then I rest my case.
Otherwise, show the final balance and the history of deals.
I read your previous answer to Icham.
You make not answering you feel good.
I read your previous answer to Icham.
You make not answering you feel good.
Well, you just admit that you see oppurtunities on chart, never did it for a period of even 30 days, not speaking of more.
Oppurtunities on charts, this is what you have.
This is why you don't answer and instead pass the question to Icham.
I told you, with one deal you can do 3000 % - it means nothing on the long run if you don't consider the risks taken.
Yes indeed that one is a "bot allowed" contest. But all aren't :
it's 3 000 % without EA :] In 1 week.
My opinion you're jealous, and it's legitimate, because they are very strong.
The third one there is lebanese ...
It's those claiming it's not possible whose are virgins, childish.
Icham, tell me, why do people participate in online trading contests? Are there hard cash money prizes involved?
When I know how to make money trading forex, I am not going to worry to participate in online contests. I will trade and make the money in the market.
Or is it just a case of: there is a lot going on in the world?
Or do they use the contests to test their trading strategies?
Icham, tell me, why do people participate in online trading contests? Are there hard cash money prizes involved?
When I know how to make money trading forex, I am not going to worry to participate in online contests. I will trade and make the money in the market.
Or is it just a case of: there is a lot going on in the world?
Or do they use the contests to test their trading strategies?
Usually it's on demo accounts and it is for a prize.
I saw the code, it was just one very wide period indicator like ma (about 1500 periods) and all it could do is either be in long or be In short depending on that indicator.There were contests on MT4 and later one or two on MT5 organized by metaquotes.
They were also starting from 10K demo account and made about 150K in a month or two.
Some of the winners later sold their robots on the market, and they were failures.
One of them even published the code - and it was a failure with a great luck.
It somehow succeeded in the contest period, but no one would have use it on live account.
This is why you don't answer and instead pass the question to Icham.
I told you, with one deal you can do 3000 % - it means nothing on the long run if you don't consider the risks taken.
Amir, this is exactly what I tried to explain up to this moment and if you keep to think in these terms I can see that you learned the lesson in your trading venture and you can surely be much more aware in your trading now---> you have much more good chances to survive in this business.
"Someone" in this topic said one of the very few common sense things that he/she ever said: "that I really haven't something to prove "
In fact, in this activity you really have nothing to prove to others, trading is not a childhood challenge where you say: "I can make 1000% per month (or I can gain 50K per month) and you can't" (with grimace included). It is a serious customized business (based on the risk that you are willing to take for your assets) that has nothing special, it is just like any other business.
Have you ever heard some farmers or grain traders bragging themsleves each versus another in this way? No, because behind that activity there is a serious effort to make the best from their business and bragging is not a costructive point--->It does not make any sense.
As the moderator Marco said, if you have such attitude you will never ever just dream about to go even close to that goal.
A last note from behavioral finance: We are maked up with two "computers"
-conscious mind
-unconscious mind
This last "computer" is about 1 million of times much more powerful than the first one but it have a lot of "inertia" this mean that you will trade with the second "computer" all the time even if you reject this concept that is reality.
Let's assume that your "unconscious mind" have a particular make up such that in your life you are programed to fail (maybe because you've always experienced unpleasant events in your life or it was transmitted to you from your family environment) in this case you are trading with a very dangerous environment inside of you; in fact someone said that "everyone takes what he/she want from the market, someone have a deep desire to lose while others a deep desire to win" of course he was talking about "unconscious mind" instead in "conscious mind" terms it is logical that everyone want to win all the time.
Now, the funny thing is that those two "computers" are very very often against each other: if you have a "failure attitude" in your "unconscious mind" the "conscious mind" is ready to contraddict the powerfull computer in these terms "I will show you that I'm not a failure" (maybe you will say that to other people but you are saying it to your "unconscious mind") but who control your trading is the powerful computer of course.
On the other hand, if your "unconscious mind" have a "winning attitude" the conscious mind is ready to contraddict the first one in these terms: "okay but let me see better if I can really do it" (it mean: humble attitude that "someone" with rude and silly attitude here would define "virgin childish")
Ed Seykota after doing extraordinary performances (when the market had a much more simple behavior as just trading a breakout and win most time than not) near to the end of his career said: "I'm still insicure if my succes is based on my cleverness or just on luck" Do you see how much humility? Do you see the winning attitude of his "unconscious mind"?
The "unconscious mind" is not easily "reprogrammable" but, on the other hand, the task is surely possible after a lot of self-criticism, internation etc...(it take years: psychiatrists know that very well) this is just because it have a lot of "inertia" and it is a lot more powerful than "conscious mind" which instead can change opinion is two seconds.
Maybe "someone" here, wants to be told that it is possible to reach those "science-fiction returns" and so what I can say is: go there and prove it to yourself (not to us) and if you will come to reach that goal you can even choose to give away to us (just for humiliation) 1 million dollar to each partecipants of this topic or even better to found a philanthropic activity to help disadvantaged people.
I think it is useless, while very hard, try to convince what is trading reality and what is fiction (if we talk about a long term and serious career); of course our discussions here are like seeds and who read can choose what is the seed that he/she want to cultivate and protect, based on that everyone will collect the fruits that those seeds will produce. In this process, I can see, natural selection definitely have a role.
Good luck to everyone and enjoy your trading guys!
Maybe "someone" here, wants to be told that it is possible to reach those "science-fiction returns" and so what I can say is: go there and prove it to yourself (not to us) and if you will come to reach that goal you can even choose to give away to us (just for humiliation) 1 million dollar to each partecipants of this topic or even better to found a philanthropic activity to help disadvantaged people.
I think it is useless try to convince what is trading reality and what is fiction (if we talk about a long term and serious career); of course our discussions here are like seeds and who read can choose what is the seeds that he/she want to cultivate and protect, based on that everyone will collect the fruits that those seeds will produce. In this process, I can see, natural selection definitely have a role.
CP, I know very well that it is useless discussion, but I go on because of inertia :)
I like the psychological view of the market you focus on. I was interested to read your interview in your profile.
Is that by the way the "inner zone" you spoke about in the interview in your page?
CP, I know very well that it is useless discussion, but I go on because of inertia :)
I like the psychological view of the market you focus on. I was interested to read your interview in your profile.
Is that by the way the "inner zone" you spoke about in the interview in your page?
Thanks for your time first of all.
Indeed "the zone", translated in simple terms, is simply your business plan which is comprehensive of all the ingredients of your whole business activity starting from trade management to money management passing through daily routines, rules to prevent "something" etc..the matter is complex and veeeery personalized.
The funny thing is that this "zone" will reflected and will become expression of your character in life.
You should say what is the account capital.
Then we can discuss