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Originally Posted by naz9403
yes, trading that many lots will give you a nice return in the eyes of traders who have accounts under 100k. But to someone who actually trades 20 million, i.e. 100k = 1 full lot, do the math. This guys account size is far far to small for trading that many lots. I'd say with 200k total position size could be 20 lots but to jump right off the bat with 20 lots is crazy. For a position trade it would be smart to start with 5 lots, then 5 more, then 10 more etc during a big trend. When you start playing with the big boys over 200k, trading on a 1 hour time frame is irrelevent.
Moral of the story is..Moneytec is famous for stellar backtesting but in the real world it just doesnt happen that often for a variety of reasons and those educated traders know what im talking about.
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Well, while I do believe there are phenomenal systems, I tend to agree with naz9403's view.
10-days worth of trading isn't enough to even begin to analyze the guy's system.
Whether it was good or not depends on what happened after this snapshot was taken, or in the next 10 days, or next 10 months for that matter.
Don't stats indicate that most guys bite the dust within 30 days, the rest within 3 to 6 months?
If you can make it a year trading live I think you've crossed some kind of major threshold.
fx