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50k dollars a month - page 2

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Felipe Ponce Aragon
1089
Felipe Ponce Aragon  

Guys I do know someone who has done it, and I saw him withdraw the profits. He's a member of the forum but unwilling to share his EAs, methods, etc, and when he posts a signal he removes it about 3 months later. But yes, that is real. 


BUT he has traded with market makers that offer instant execution, and he told me his scalping method was not good with slippage from brokers like Roboforex and IC Markets ECN accounts. So he knew brokers would eventually block him or something, that's why he withdraws profit regularly. I've been looking for the "Exponential" system but haven't figured it out.

SafMoseSteve
273
SafMoseSteve  
Felipe Ponce Aragon:

Guys I do know someone who has done it, and I saw him withdraw the profits. He's a member of the forum but unwilling to share his EAs, methods, etc, and when he posts a signal he removes it about 3 months later. But yes, that is real. 


BUT he has traded with market makers that offer instant execution, and he told me his scalping method was not good with slippage from brokers like Roboforex and IC Markets ECN accounts. So he knew brokers would eventually block him or something, that's why he withdraws profit regularly. I've been looking for the "Exponential" system but haven't figured it out.

Could you elaborate what you mean by slippage from IC Markets ECN account? i get positive slippage lots of times with them and negative too

SafMoseSteve
273
SafMoseSteve  
Carmine Pinto:

You're welcome.

It's funny as the sentence "the risk you are willing to take" is so obvious but at the same time very few people really understand its deep meaning.

Of course it can be possible to trade and make "job level money" but you still need to define how much capital you need to reach that.

Also, it take years to build up a consistent business plan that work for you and that allow you to reach consistent returns every month. Not impossible but very challenging.

Be skeptical when someone tells you that you can make 10-20-30% every month with low risk. 30% on yearly basis it's already a veery nice performance!

There are people who think that is possible to make 5% per day with low risk forever. It is a suicide.

Carmine Pinto so far im at 8% since September never got 5% a day but something between 1-2% sometimes 0.7% would make me satisfied, i would be happy to DM and have a more open stress free discussion if you have time

Carmine Pinto
5937
Carmine Pinto  
Felipe Ponce Aragon:

Guys I do know someone who has done it, and I saw him withdraw the profits. He's a member of the forum but unwilling to share his EAs, methods, etc, and when he posts a signal he removes it about 3 months later. But yes, that is real. 


BUT he has traded with market makers that offer instant execution, and he told me his scalping method was not good with slippage from brokers like Roboforex and IC Markets ECN accounts. So he knew brokers would eventually block him or something, that's why he withdraws profit regularly. I've been looking for the "Exponential" system but haven't figured it out.

In my humble vision, I saw a lot of things in the trading sector. Really a lot.

I can assure you that market is so fair that sooner or later punishes those who try to cheat it with those "unfair method" and I should admit that it is one of the concepts about Mr. Market that fascinating me so much!

Most of the cheating are punished sooner or later. It can be the market, technical issues, authorities. Take the case of insider trading, is not it another "holy grail"?

Now, If you are able to capitalize with those methods (that you mentioned) and if luck is on your side in specific and particular market conditions and if you feel in advance "time when it is necessary to stop the cheating" and if you don't meet any sudden technical difficulty in the meanwhile...maybe you can put aside a small fortune. But do you see how many "IF" to be respected?I

Why astronomers have so many difficulties to find planets similar to the earth? Because the planet need  to satisfy many "IF"--->Right distance from a star that need to have the right dimension based on that distance in a way that the atmosphere is suitable for life and so on and so on.. It is all about probabilities! The same in trading.

This is not the right way to be professional in my opinion because you want consistency over an entire career (if you want to be a trader in your life) instead if you want to be just a speculator of the moment, (a star that sets) so you can try those " cheat venture" but I see that similar to "casino-venture"

Its all about perspectives.

Carmine Pinto
5937
Carmine Pinto  
SafMoseSteve:

Carmine Pinto so far im at 8% since September never got 5% a day but something between 1-2% sometimes 0.7% would make me satisfied, i would be happy to DM and have a more open stress free discussion if you have time

It is not that bad 8% since september, of course the question is spontaneous: what about drawdown?

If you make 8% with a 12% drawdown (i.e.) it is not that good; if you made this 8% with a 3-4% drawdown, instead, you are going well! Keep the good job but never stop to study and improve strategy details!

Here we come to define the strategy type etc... discussion is a bit complex because it is based on a lot of personal things that you need to write in your personal business plan

Enjoy your trading!

Carmine Pinto
5937
Carmine Pinto  

This is a call for moderators (that maybe will be deleted but I don't mind): if there are censorships even on fair speeches, it is better for me to shut up and devote myself just to my business, given the average writing time that costs me a lot in terms of contents scrupulousness.

I think that the main purpose of the forums is to enrich community as long as partecipation is fair and aimed at improving the mql5 quality; on the other hand there are a lot of uselessness that are not deleted rather they damage the forum quality.

Hope this community will improve the evaluation of the things mentioned above.

Thanks.

Carmine Pinto
5937
Carmine Pinto  
Carmine Pinto:

This is a call for moderators (that maybe will be deleted but I don't mind): if there are censorships even on fair speeches, it is better for me to shut up and devote myself just to my business, given the average writing time that costs me a lot in terms of contents scrupulousness.

I think that the main purpose of the forums is to enrich community as long as partecipation is fair and aimed at improving the mql5 quality; on the other hand there are a lot of uselessness that are not deleted rather they damage the forum quality.

Hope this community will improve the evaluation of the things mentioned above.

Thanks.

Thanks.

Chris Mukengeshayi
1094
Chris Mukengeshayi  
SafMoseSteve:

Hello forum


Has anyone met or contacted those successful scalpers who make fictional figures of profit per month? im starting to think its a myth, haven't met anyone real who can scalp for those high profits, using a small account as a start!

Yes, there are many good manual traders on this forum and I know a few, whether its scalping or long time investment.

There is a guy I know who has turn a $ 5.00 into a $ 1 000.00 in just 6 to 7 of weeks. The same guy has turn before a $ 250.00 into a $ 58 000.00 in just two weeks and even withdrawn $ 42K on the 3rd week.

But in regard to the forum's rules, I can not mentions names because it will look like an advertisement.

Chris Mukengeshayi
1094
Chris Mukengeshayi  
Felipe Ponce Aragon:

Guys I do know someone who has done it, and I saw him withdraw the profits. He's a member of the forum but unwilling to share his EAs, methods, etc, and when he posts a signal he removes it about 3 months later. But yes, that is real. 


BUT he has traded with market makers that offer instant execution, and he told me his scalping method was not good with slippage from brokers like Roboforex and IC Markets ECN accounts. So he knew brokers would eventually block him or something, that's why he withdraws profit regularly. I've been looking for the "Exponential" system but haven't figured it out.

I agree with you, that its very important to withdraw profit much regularly when one is successful trader who make consistent profit everyday, I have experience before that at some point when we are too successful in out own style of making good profit, after some time like 3 month, the market kinder get a bit taught, but if you trust in your own method of trading event the broker will understand that you are an experienced trader, fear nothing. There got to be a trick to hide from being counter trader :-) some people in this forum know!

Felipe Ponce Aragon
1089
Felipe Ponce Aragon  
SafMoseSteve:

Could you elaborate what you mean by slippage from IC Markets ECN account? i get positive slippage lots of times with them and negative too

Hi, sorry but I cannot elaborate more. This person was unwilling to share his EA or strategy with me, that's just what he said. But he trades high impact news, and negative slippage in ECN accounts during those news is normal, I have had it too. Sometimes it happens, sometimes not.
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