guys, except for Jankovski, what do you think of these guys: i find them intersing to follow:
f8 and OSTRICH GBP........ :idea::idea:
Dear robbert,
It's very simple: no trader would ever open 5 or more fixed-size positions in the same direction for the same currency pair (or a very highly correlated one). So 99% of the
perceived successful traders on Zulutrade have such a standing because they take advantage of the most important flaw of the platform which is the absence of equity.
Therefore, traders like f8, OSTRICH GBP, and countless others can accumulate positions and by doing so accumulate pips regardless of margin requirements and downside risk.
After a while they have so many pips that it becomes mathematically impossible for them to appear reckless: for example after these guys have accumulated 20000 pips by just opening tens of positions and wait for the market to turn in their favor, 10 positions running 400 pips losses would just mean a drawdown of 20% which then would seem reasonable to most followers. However, what kind of live account must you have to reasonably have 10 positions running 400 pips losses? Or if you do, what kind of ridiculously small size would you have to trade?
Another advantage of the platform is that If they get caught by the market and bust up they can just open another account with another alias and start again (OSTRICH has busted 4 out 6 accounts).
So at the end of the day, if you want to trade microlots and switch between providers every week, you really can pick anybody from the top 100 more or less at random.
What you can also do is shut down Zulutrade, open two live accounts instead, and start trading using a coin flip strategy with 30 open positions, stop loss 500 pips, and profit target 20 pips. I can guarantee you that at least one of these two accounts will provide you with exactly the same performance.
Now on the other hand if you want to find some people who can really call themselves traders, you will need to completely forget about the Zulutrade rankings and start looking for other metrics than total pips and "drawdown".
That, of course, is only my opinion.
