Great Returns!

[frugal]

http://www.myfxbook.com/members/FxGridT ... -fx/294047

What do you think of these returns?

Scam or real?

[TripleB]

http://www.myfxbook.com/members/FxGridT ... -fx/294047

What do you think of these returns?

Scam or real?

Impressive! He broke 2,000% returns over the last year. The most I've ever done in one year was 1,700%. I wonder what his secret is?

[Bean]

Forex trading sounds dangerous

Any suggestions on where to start? 

[frugal]

I think you can open one account there...

True or not? Someone told me that it is true, by experience.

[MachineGhost]

http://www.myfxbook.com/members/FxGridT ... -fx/294047

What do you think of these returns?

Scam or real?

More like naivety.  These systems will eventually blow up from excessive use of leverage (400:1) because inexperienced system developers or hucksters are behind it.

A grid trading system is especially prone to blowing up.  Such fades any trend by staggering a grid of trades above and below, so when a "fat tail" Black Swan event occurs due to a trend that never reverses: gigantic losses.  It is similar to option writing.

[frugal]

http://www.youtube.com/user/timothysyke ... ture=watch

do you know this american guy?


What do you think?

http://www.timothysykes.com/

[Pointedstick]

LOL!

Just Follow These Simple Steps:

1 Find The Best Stocks to Trade
2 Learn My Niche Strategy and Profit BIG
3 Make a Full-time Living From Part-Time Trading

Something tells me that #2 is "sell a bunch of subscriptions to an investing newsletter."

Beware the stock pickers! Their special trading strategy works right up to the point where it doesn't… if it ever did at all. If you look at the details he does offer, it seems like his strategy resolves around day-trading penny stocks. If you have a life or career, day-trading isn't for you, let alone day-trading penny stocks.

Stay away!

[frugal]

There are people making big money with trading.

I like to be updated, and maybe one day do it...

[Pointedstick]

There are people making big money with trading.

I like to be updated, and maybe one day do it...

https://en.wikipedia.org/wiki/Survivorship_bias

For everyone who made a million, there are a million who lost thousands before they wised up and realized they needed to get out before they dug themselves even deeper.

[MachineGhost]

http://www.youtube.com/user/timothysyke ... ture=watch

do you know this american guy?


What do you think?

http://www.timothysykes.com/

I have to admit hes one of the rare breeds that walks the talk.  But his approach is basically riding the pump n' dump.  Thats a different beast than investing via fundmentals or trading via technical analysis.

[MachineGhost]

There are people making big money with trading.

I like to be updated, and maybe one day do it...

Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

[frugal]

There are people making big money with trading.

I like to be updated, and maybe one day do it...

Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

I read many years ago.

http://www.youtube.com/user/timothysyke ... ture=watch

do you know this american guy?


What do you think?

http://www.timothysykes.com/

I have to admit hes one of the rare breeds that walks the talk.  But his approach is basically riding the pump n' dump.  Thats a different beast than investing via fundmentals or trading via technical analysis.

yes he is a dynamic guy

I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic



Regards

[Pointedstick]

I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic

Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

[MediumTex]

I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic

Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

There are also apparently people who make a nice living playing poker.

Any means of livelihood that depends upon being right in a speculative game often enough to make a living is IMHO an inherently stressful way to support yourself.

Many people who are attracted to the PP are attracted to the idea of reducing financial risk in their lives as much as possible.  It makes sense that such a group would be skeptical of day trading and the notion of easy profits in general.

[frugal]

I know that +90% loses

but I want to find the way to be on the other 10%

it is possible, I don't understand why you are all so ceptic

Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

There are also apparently people who make a nice living playing poker.

Any means of livelihood that depends upon being right in a speculative game often enough to make a living is IMHO an inherently stressful way to support yourself.

Many people who are attracted to the PP are attracted to the idea of reducing financial risk in their lives as much as possible.  It makes sense that such a group would be skeptical of day trading and the notion of easy profits in general.

MT,

it is not easy profits.

If someone find an edge in the market and can explore it taking profits, thats a good work.

It may not work forever, but there are plenty Trend following traders (for example) with excellent results.

[MediumTex]

Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth.

We are skeptical because the bankruptcy courts are filled with people who at one point said, "I bet I could do that; if 10% of people make it, what's stopping me from being one of them?"

There are some among us, such as Slotine and I believe TripleB, who have achieved this at points in time but realize just how risky it is and only do it with a fraction of their money.

There are also apparently people who make a nice living playing poker.

Any means of livelihood that depends upon being right in a speculative game often enough to make a living is IMHO an inherently stressful way to support yourself.

Many people who are attracted to the PP are attracted to the idea of reducing financial risk in their lives as much as possible.  It makes sense that such a group would be skeptical of day trading and the notion of easy profits in general.

MT,

it is not easy profits.

If someone find an edge in the market and can explore it taking profits, thats a good work.

It may not work forever, but there are plenty Trend following traders (for example) with excellent results.

Have you read Where Are the Customers' Yachts?

The people making a nice living in the trend following arena are the people selling trend following books, seminars and DVDs.

Everyone has to figure this stuff out for themselves, but I would just say that making a living following a trading system is more fantasy than fact (though I am certain that there is a tiny population of people who are succeeding at it, just like there is a tiny population of lottery winners).

Have you ever actually met someone who makes a living as a day trader using a trend following system?  I haven't, though I have met many hopeful people who would like to be rich.

[frugal]

MT,

I don't know any but I am far from that industry/ business zones.

In the meantime I'll continue to search an active way of trading. I hope to find it.


Slotine,


TF is for long and short trades.

The perfection is to have a system with trend indicators + non trending stochastic indicators working together.

[MachineGhost]

The perfection is to have a system with trend indicators + non trending stochastic indicators working together.

Doesn't exist.  You can, however, combine a trending and a mean reversion system together in a portfolio.

[k9]

Index investing IS a trend following strategy. The more AAPL's price grows, the heavier it is in your stock allocation. So the PP is both about trend following & mean reversion.

[MachineGhost]

Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

I read many years ago.

You may want to re-read it with benefit of your new wannabe-trader perspective.  How about Trade your Way to Financial Freedom by Van Tharp?  Between those two, you should be ready to trade.

[frugal]

Then you should learn how properly, because the odds are stacked against you.  I suggest starting out by reading the book, Trading in the Zone by Mark Douglas.

I read many years ago.

You may want to re-read it with benefit of your new wannabe-trader perspective.  How about Trade your Way to Financial Freedom by Van Tharp?  Between those two, you should be ready to trade.

I did a quick read as I remember. I watched many seminars, listened several Mp3 and I don't remember nothing wrong about trading for a living on their approach.

Mark Douglas is about psychology of trading not aboout the system itself. Theories of mind.

VTharp is psychology and statistics.

I read dozens of books, but none is totaly helpful, you have to find your way and system.

[MachineGhost]

Well, systems are a dime a dozen.  Psychology is 90% of winning and that includes the "grass is always greener" syndrome that you may be experiencing trying to find a "perfect" system.  Just sayin'...

[Thomas Hoog]

Funny, we discuss daytrading during X-mas dinner, because one brother-in-law will start daytrading because he has lost his job, something in the financial world. The other brother-in-law know really one couple who makes a living out of daytrading and more. figures about 500 k a year.
And they fitted in the discription of pointedstick:
"Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth."
So it exist, but you have to be build out of some unique qualities.

[MachineGhost]

I read dozens of books, but none is totaly helpful, you have to find your way and system.

It occured to me that you would really benefit from stockbee's private membership site.  He has about two handfuls of semi-quantitative strategies that you can learn from, as well as market timing.  If you don't like his breakout approach, then you can wipe that off your list of tactics to consider.

[frugal]

Funny, we discuss daytrading during X-mas dinner, because one brother-in-law will start daytrading because he has lost his job, something in the financial world. The other brother-in-law know really one couple who makes a living out of daytrading and more. figures about 500 k a year.
And they fitted in the discription of pointedstick:
"Being in that 10% requires basically making it your full-time job, first to truly understand the foundations of the macroeconomy (divorcing it from your political views, especially), then get a rigorous education in finance, then learn to analyze domestic stocks and bonds to learn how they react to events so you can truly predict how a new event will affect them, then learn to do the same for the FOREX and commodity markets, and so on and so forth."
So it exist, but you have to be build out of some unique qualities.

Hi,

they must have a trading system, it is not guess work.

It must be a real solid trading system, with well defined rules.

Yes?

I read dozens of books, but none is totaly helpful, you have to find your way and system.

It occured to me that you would really benefit from stockbee's private membership site.  He has about two handfuls of semi-quantitative strategies that you can learn from, as well as market timing.  If you don't like his breakout approach, then you can wipe that off your list of tactics to consider.

Hi,

if they sell systems online, maybe they will stop to be profitable.

Do you have any experience with it?

Please send me link.


REGARDS!