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How to become a profitable or full-time trader

Discussion in 'Forex and Cryptocurrencies' started by rogblack, Sep 7, 2017.

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  1. cynic

    cynic

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    No you most certainly won't be showing anything to me "one on one"!

    (I am quite confident that the moderators will be able to assist with any genuine technical difficulty obstructing your posting of images.)

    Many traders (i.e. those possessed of actual live trading experience), know all too well, that sensational results achieved on demo accounts, seldom (if ever) translate into reality!

    I seem to encounter so terribly many self acclaimed trading "educators" (i.e. mentors, coaches etc.) these days.

    And yet I encounter so precious few (if any), consistently profitable traders, of the leveraged OTC derivative products which are typically recommended by such "educators".

    This gives rise to the questions:

    Where are all the successful past graduates?

    Presumably there exists a growing populace of graduates issuing from the multitudes of trading "educators", so how is it that there are so few members of the general public (if any) personally acquainted with successful (i.e. consistently profitable) past graduates?
     
  2. rogblack

    rogblack

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    Food for thought. I'll try and post a link for you to consider. There is nothing for you to lose. Only experience which is invaluable. Negativity achieves very little other than convincing you of your beliefs. Considering possibilities with an open mind can often open new doors. Maybe don't shoot the messenger but focus on the subject which is 30% profit weekly in a trend.
     
    Last edited: Sep 8, 2017
  3. McLovin

    McLovin

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    Do you know what 30% compounding over 29 weeks is? You're $10k would be ~$20m, and you wouldn't be spruiking your coaching skillz on an internet forum.
     
  4. tech/a

    tech/a No Ordinary Duck

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    Focus on subject.

    Posting a chart which demonstrates a beginning and an end of trade.

    Your attempting to sell the sizzle.
     
  5. rogblack

    rogblack

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    Sure do. I can use Excel
     
  6. tech/a

    tech/a No Ordinary Duck

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    Leveraged at 100:1
    a 2% move on margin looks fantastic.---if your on the right side. (Example only).

    Anyway get the picture.
     
  7. McLovin

    McLovin

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    But with 30%/week you'll be a billionaire in under a year. Why bother with leverage?! ;)
     
  8. rogblack

    rogblack

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    Ok. With a 10k balance one buy lot placed two weeks ago would give you a profit of $6800 or 30% a week. Your margin% would be 400 which imho is a safe level for trading gold.
     

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  9. rogblack

    rogblack

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    I've had this posed to me so many times. The answer is Yes. That level of return will make you as wealthy as you want to be. The power of compounding is unbelievable and never taught in school. It's all relative and personal. Some people are happy with a mill. Some want more. Personally at $5mill I would buy bonds AND there is a limit to lots sizes with brokers You can only trade up to 40.00. I demo traded a $5mill account up to $13m in 4 weeks.
     
  10. cynic

    cynic

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    Exactly how many hours, of your "one on one" coaching, can an aspiring trader purchase with the "money" in their demo account?

    And, even more importantly, can that demo "money" be used to meet margin calls on live accounts or prevent foreclosure by financiers due to repayment arrears?
     
  11. rogblack

    rogblack

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    Lol. You're negativity is killing me. You approached me re 30% a week and I've sent you a link to show you 30% a week. I don't think I can do anymore.
     
  12. Trembling Hand

    Trembling Hand Can be found on the bid

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    Rog can you tell us what you consider you can expect with your system as far as win/loss % and win/loss ratio? And over how many trades you have derived that data from?
     
    captain black likes this.
  13. rogblack

    rogblack

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    I guess I may not be like a lot of traders as I don't pull my strategy apart. I don't even regard it as a system. I'm not analytical but visual. I just want to know I'm in the trend until it ends and then get out. Start again if the direction changes. Sometimes it will restart after it gains support from an ma. Look back at 2008 when gold went from 700 to 1900 over 36 months. All that mattered was you were in for the ride and could call the massive trend change and then sell down. We then had a 50 week sell down. One trade would have made $120k. As the equity increased you could add more trades. I've learnt that sometimes analysis can cause dumb assumptions and poorly placed trades. I still do it if I ignore my trading signals. There are really only a few important aspects to trading. Having great signals, staying in the trend and not overtrading. Over trading can include trading retracements instead of staying out. Money management and risk is pretty is easy trading gold. There are few shocks like other pairs.
     
  14. Trembling Hand

    Trembling Hand Can be found on the bid

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    So, to sum up, you are full of sh!t?
     
  15. rogblack

    rogblack

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    And I thought we were having an adult conversation.
     
  16. Trembling Hand

    Trembling Hand Can be found on the bid

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    Nah it hasn't mate as you haven't offered anything other than BS. As soon as you can give something solid along the lines of what you recommend you should risk per trade to achieve a 30% increase per week we can get started. Until then you are not worth anything more than ridicule.
     
    lindsayf, Cam019, cynic and 1 other person like this.
  17. rogblack

    rogblack

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    But very profitable.
     
  18. Trembling Hand

    Trembling Hand Can be found on the bid

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    Really? Why have you put out your hat and gone full nickel'n'dime then? Cannot afford that tacky condo in Noosa off your 30% per week?
    Screen Shot 09-08-17 at 03.08 PM.PNG
     
    lindsayf likes this.
  19. McLovin

    McLovin

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    Your website says you charge $1250 for 9 hours of coaching. My golf coach charges more, and he's not making me a billionaire.
     
  20. rogblack

    rogblack

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    So I'm too cheap or he's too expensive haha. As I said, everything is relative.
     
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