Best Thread 55000 % in ONE month !

BSD

BSD

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OK, this was admittedly on a demo account, but that is still what Magellan achieved over 3000 trades in one month at ABNAMRO's shyly named Heroes become Legends trading challenge:

1 Magellan 54.905,52 %
https://www.abnamromarketindex.com/de/TurnierSpielstand.aspx

And it's no fluke either, he is also in real life with real accounts an extremely successful short termscalper who has been around several other trading boards for quite some time.

You can have a look at some of his trades here that he did outside of the challenge.

Click on his pics to open them up bigger.

SR Trading - Forum - Börsenforum • Thema anzeigen - Der heilige Gral ?

Like I said earlier, anybody who is daytrading or scalping with less than say a hundred mill or so is really doing something wrong if they don't average out at around .5 or 1% / trading day.
 
BSD said:
OK, this was admittedly on a demo account, but that is still what Magellan achieved over 3000 trades in one month at ABNAMRO's shyly named Heroes become Legends trading challenge:

1 Magellan 54.905,52 %
https://www.abnamromarketindex.com/de/TurnierSpielstand.aspx

And it's no fluke either, he is also in real life with real accounts an extremely successful short termscalper who has been around several other trading boards for quite some time.

You can have a look at some of his trades here that he did outside of the challenge.

Click on his pics to open them up bigger.

SR Trading - Forum - Börsenforum • Thema anzeigen - Der heilige Gral ?

Like I said earlier, anybody who is daytrading or scalping with less than say a hundred mill or so is really doing something wrong if they don't average out at around .5 or 1% / trading day.
Click to expand...



I wouldn't mind giving this guy $1,000 of my money to trade with! (a much better return than 0.77%, hey?)
 
Nice one hehe UK :D

Btw, just to clarify, returns like this are possible, but an ultra short term scalping style like his is obviously NOT compoundable for eventual liquidity reasons.

He is actually a student at Uni still, but because he's spening the whole day trading and not doing enough for his studies any longer they've cut his study grants.

;-)

Not that he's too bothered by that.
 
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10 sec charts

The arrows are how Oanda and ABN who use their platform signals trade entries and exits.
 
That's all very impressive. But alot of competent traders can be Supermen/Women when they're trading a sim account. I do agree that 5,000% + returns a month is possible depending on account equity. The critical point to consider is how much risk are you taking if you want to achieve 5,000% + returns a month?

I know one thing, I wouldn't adopt this style of trading because it's too much like pinball for me and ultimately I'd get slaughtered. I think this thread highlights how important it is to adopt a specific style of trading that suits you as an individual rather than look at how much imaginary money somebody is making.

LT
 
That is all very true what you say Lote.

But to be fair to Magellan, he posted his real account somewhere also, and he is also several thousand percent up on that in a rather short time.

He also described his trading journey that is only 2 years young - he is a bit of a whiz kid -, he started out trading with € 3000,- lost the lot doing longer term stuff, went back to a demo account, trading that the whole day, trying out different things, and eventually it clicked for him that he is a natural born scalper, he can't hold trades for any length of time, but lots of very fast in and outs are what works for him.

That is absolutely one of the most important aspects to trading as you say, finding out waht works for you.

After his scalping was successful on a consistent basis in his demo acct it so coincided that his student grants were cancelled as he wasn't doing enough for Uni any more, so he had quite a lot of added financial anxiety to contend with, but he went ahead, put up the very last 800,- that he had saved, and within a few months was up and away, in positive territory by several thousand percent.

Btw, shall I delete the pics of his trading again, they are making this a bit hard to read, and I posted the link where you can find them in my first post anway.

Edit, now I can read perfectly again, the width is restored, anybody else OK or not OK with the pics ?
 
Good for him. It just goes to show that hard work and effort do pay off in trading and that people aren't successful in this game immediately. It also proves that luck had nothing to do with it - with such a large sample size of trades, the luck variance should even itself out somewhat. I was concerned that it was a demo account - when you have nothing to lose it's always easier - but I will take your word for it, Markus, that the boy is good when trading his live account too.
 
Jaydee said:
Good for him. It just goes to show that hard work and effort do pay off in trading and that people aren't successful in this game immediately. It also proves that luck had nothing to do with it - with such a large sample size of trades, the luck variance should even itself out somewhat. I was concerned that it was a demo account - when you have nothing to lose it's always easier - but I will take your word for it, Markus, that the boy is good when trading his live account too.
Click to expand...

Absolutely good points Jay.

Another thing that is rather amazing about Magellan - just like another very successful trader who is a member here :) -, he has never read a book about trading in his life, all he has done is read up on some generic chart patterns in various places on the web, and then just sit behind his monitor the whole day until he found something that made him more money over time than it lost him.

Do actually most start out as scalpers I wonder. Trading of tick or like him 10 sec charts is definitely a great way to learn to read the waves and cycles in which markets move as it gives so many opportunities during a day, provided you choose instruments that have enough movements on those time frames.

He said somewhere that he does between 50 to 200 trades / day.

In the challenge he did 3000, divided by the 20 trading days thats 150 / day.

That does create the opportunity for a steep learning curve.
 
BSD said:
Another thing that is rather amazing about Magellan - just like another very successful trader who is a member here :) -, he has never read a book about trading in his life, all he has done is read up on some generic chart patterns in various places on the web, and then just sit behind his monitor the whole day until he found something that made him more money over time than it lost him.
Click to expand...

Exactly, books can only help so much. It's all about getting to the point where you find a method that works for you and are comfortable executing this flawlessly and objectively - no book can give you that kind of insight or confidence.

Do actually most start out as scalpers I wonder.
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Initially, I think everyone looks more short-term. It's one of those human nature traits where new traders can't run their profits. They see a few ticks onside and panic because they may lose them.

He said somewhere that he does between 50 to 200 trades / day.

In the challenge he did 3000, divided by the 20 trading days thats 150 / day.

That does create the opportunity for a steep learning curve.
Click to expand...

That's a lot. I've always felt that I learn more when I have a trade on, though. You take more notice of the race when you have a bet on the horse in the Grand National. Therefore, Magellan may have developed quickly as a trader because he traded a great deal and learnt a lot from each trade. In poker, generally speaking, the more hands you have played, the more experience you have and the more information you have aquired to apply to future situations/experiences thereby improving your judgement. Obviously, overtrading is a common pitfall here - but this is less of a scalping problem and more of a longer-term style issue. So, Magellan will have probably have benefitted more from this evil than he suffered. Obviously, I can't say for sure though...
 
Great points again Jay.

He actually explained quite a lot about his trading method in various places, this is just one example:

SR Trading - Forum - Börsenforum • Thema anzeigen - scalping

Scroll down to about the middle of the page, to Magellans post at 14:52 there with pics and text, unfortunately it's only in German though, but then the charts do speak for themselves quite well too.
 
My deutsche isn't so good these days. Looking at the charts, I can see his entries and exits but can't see how he makes them. He has developed his own perception to the market over many tedious hours of hard work and, consequently, even if the explanation was in english, I would still struggle to grasp what he sees without doing the work myself. It's nice to hear about a success story of this magnitude in the World of blowouts and blowups, though.
 
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Jaydee said:
My deutsche isn't so good these days. Looking at the charts, I can see his entries and exits but can't see how he makes them. He has developed his own perception to the market over many tedious hours of hard work and, consequently, even if the explanation was in english, I would still struggle to grasp what he sees without doing the work myself. It's nice to hear about a success story of this magnitude in the World of blowouts and blowups, though.
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I agree.

It's also very nice and refreshing to see your and others positive reactions here, that's the way I see it also, success is something to be seen not with jealousy and ill will, but with the respect it deserves.

Too often someone like him gets shot down by lesser people which imo is simply very immature and defeatist, outstanding success like his should be seen as a shining and inspiring example of what is possible.

I think one major problem many new traders just starting out and without the benefit of peers around them have is that they simply have absolutely no idea what is possible, which simply adds to the rest of the problems they have.

That is one advantage of prop firms, you start there, and sit next to a person regularly making 20 or 50% / month on a non-compounding basis, so you have the confidence that hey, if they can do that, why not me.

I wouldn't know if nobody does it better, but I must admit that Magellan is one of the very best performances on a non-compounding basis I've ever come across.

Total Respect.

YouTube - Carly Simon's "Nobody Does It Better"
 
BSD said:
OK, this was admittedly on a demo account, but that is still what Magellan achieved over 3000 trades in one month at ABNAMRO's shyly named Heroes become Legends trading challenge:

1 Magellan 54.905,52 %
https://www.abnamromarketindex.com/de/TurnierSpielstand.aspx

And it's no fluke either, he is also in real life with real accounts an extremely successful short termscalper who has been around several other trading boards for quite some time.

You can have a look at some of his trades here that he did outside of the challenge.

Click on his pics to open them up bigger.

SR Trading - Forum - Börsenforum • Thema anzeigen - Der heilige Gral ?

Like I said earlier, anybody who is daytrading or scalping with less than say a hundred mill or so is really doing something wrong if they don't average out at around .5 or 1% / trading day.
Click to expand...


Super post, Markus. There's a style for everyone, out there.:cool:
 
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Hi Guys :)

BSD asked me to visit this Forum.
My english isnt very well but i try to answer some Questions you have.
Anyway i like ur Comments. I was on other forums where people just started to hate me in a way and i stopped posting there.
I will take a hour now to read some threads you have here

Thanks for the nice thread BSD

greetz (y)
Maggi
 
Hi, welcome Maggi, glad you decided to come visit :)

I think you'll find this is a very friendly forum here with lots of professionals trading for a living, some from home, others at banks or hedge funds, and yet others at prop firms where they trade either the firms money for a cut of the profits or are self funded and get 100% payouts, so all in all one of the best trading communities out there I find, where you have many members that don't just talk, but actually walk the walk.

Re the negativity you experienced in some other forums, well, success in others is something that many less successful people often have a hard time coping with, so instead of working on improving themselves and achieving their own objectives and maximising their own lifes potential with positive energy they instead concentrate on directing all the negative energy they have on trying to pull those more successful down.

Shame and a total waste of time, but to a degree human nature I suppose, so I wouldn't take it too seriously let alone personally.

But anyway, glad you came by, looking forward to having some discussions with you here :)

Good trading
 
BSD said:
That is all very true what you say Lote.

But to be fair to Magellan, he posted his real account somewhere also, and he is also several thousand percent up on that in a rather short time.

He also described his trading journey that is only 2 years young - he is a bit of a whiz kid -, he started out trading with € 3000,- lost the lot doing longer term stuff, went back to a demo account, trading that the whole day, trying out different things, and eventually it clicked for him that he is a natural born scalper, he can't hold trades for any length of time, but lots of very fast in and outs are what works for him.

That is absolutely one of the most important aspects to trading as you say, finding out waht works for you.

After his scalping was successful on a consistent basis in his demo acct it so coincided that his student grants were cancelled as he wasn't doing enough for Uni any more, so he had quite a lot of added financial anxiety to contend with, but he went ahead, put up the very last 800,- that he had saved, and within a few months was up and away, in positive territory by several thousand percent.

Btw, shall I delete the pics of his trading again, they are making this a bit hard to read, and I posted the link where you can find them in my first post anway.

Edit, now I can read perfectly again, the width is restored, anybody else OK or not OK with the pics ?
Click to expand...

Do you have any details on his methodology? how does he decide to enter/exit? I'm guessing its one of feel & high intuition based on momentum etc.
I am trying to move the same way based on candles & S/R, so that i have a good idea where the market might go next on any moment, so as to have a complete a plan as possible so that i can be involved in the market for as much as possible. but on slightly longer timeframes right now.

Cheers.

EDIT: just seen he has joined T2W. Wilkommen Magellan :)
 
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J, probably best to let Maggi explain, as my understanding might be totally wrong anyway.
 
ABN AMRO have a 3 pip spread on UJ, so would find it difficult to see how anyone could make a profit on a 10 second timeframe trading UJ with them.
 
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