55000 % in ONE month !

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/d...pielstand.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.

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

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.

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.