Is it really possible to make money in this trading lark?

has any one on here closed a spread bet postion for say 1 m ?

I doubt it

juanbyte, I know you say it's not recommended but how you can even state that 'if you risk 40% of your account on a trade you can make 400% in a day' is beyond me. And you sell a book or course don't you? So irresponsible.

And if I see people (especially new traders) risking 1% on a trade I'd pat them on the back and congratulate them on their intelligent approach to risk management, not call them wimps........

I was just pointing out the maximum that could be gained via spreadbetting and see no problem in advising that it is not recommended, offering low 50:1 margins and you being undercapitalised is a sure way for the spreadbet firms to win and you to lose.

What is wrong with calculating mathematically the optimum amount to risk based on ones current performance, I can risk 79% without ruin but I do not, I will risk about 10% of my risk which means that I will make 8 times more than someone risking 1%.

There are many methods of trading and each will have a different risk value, I cannot see how one fits all.

How do you arrive at the 1% figure you keep quoting?

My book has nothing to do with this thread, all information was given free, I have just shown a simple method that yesterday produced over 200 points profit on the Dow with minimal downside. What is wrong with that, what can you show me that was as profitable?

It's always about winning and how much one can make with a lot of people and those are the ones that tend to lose overtime, in fact some would suggest that they never had a chance to begin with. Of course there are aways exceptions to the rule.

Want to stand a chance in this game? Forget about winning and how much you can make, instead focus on how much you're risking.

Without proper risk control (and fully understanding why it's so important) you might as well stoke your winter fires with £50 notes.

Like I said, I can show you 100 systems that look good like that in hindsight for one whole day. Does this mean they are worth anything? No.

Your so called "method" has been around forever, and ive already run tons of backtests on methods like that and they are not worth trading. I didnt look at 5 whole signals either, I looked at thousands of signals across many markets. I need objectively quantifiable numbers, not silly subjective squiggles someone throws on a chart and proclaims WA LAA! Behold!


But here is my favorite part:
Gee, now this guy thinks I have a crap system? He thinks im making it difficult? Wow, more amazing mind reading powers. Just because I shoot down the obvious, doesnt say a thing about my systems. Got that? You have no idea how my systems perform, and they are certainly statistically siginificant, unlike the silly hindsight chart you threw up.


You claim divergence works on many different markets, but when someone points out your data is not statistically significant, not even remotely, you cry and tell them to do their own research?? Thank you for verifying you didnt actually provide anything useful at all

Chump? The only chumps around here are people ignorant enough to believe your "system" works because you threw up one chart. Ignorance is bliss I guess. People get mad when you point on the truth of the matter. A sign of a true neophyte trader.

Anyone who believes they can risk 79% without an extremely extremely high probability of ruin doesn't know the first thing about trading. I know, im stating the obvious, but it seems some people dont event know the obvious. You might want to look into some risk of ruin formula's, and plug in your numbers before making more outrageous claims like this.

Longshot,
i have analysed your posts and all I can truly take from them in a verifiable manner is that you have absolutely confirmed that there is indeed an awful lot of BULL in Texas .....LOL...regards to George

That's a shame, because what you should have walked away with is that there is an awful lot of BULL in the markets, filled with shysters who claim magnificent returns, filled with internet wannabee traders who talk and talk and provide horrible information to newbies containing absolutely no value, and worse, misleads them into believing dangerous trading myths.

Instead of claiming there is bull, why not specifically point to something I said WAS bull???
I just love people who constantly make claims and never attempt to back them up.

Then again, its understandable, people who are new to trading WANT to believe these silly little myths. The cold hard truth is not nearly as romantic. Trading is very difficult, and takes a ton of hard work to accomplish. If you want to believe the nonsense about risking huge percentages of your account on single positions, or that people make 400,000% returns in 6 months, be my gullible, ignorant guest. The traders who know better will take all your money until you are wiped out.