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Re: Could you increase your balance by 500% within one month??
whatever.
Stunning refutation!
if you can do it once, it can be replicated. doing it once means it DOABLE, friend....
I never said it wasn't possible. I said it wasn't advisable. The person in this contest that made over 500% also blew the account. He had to re-fund. I'd say that proves that while possible, it isn't a good idea to risk that much.
nobody could run the 4 minute mile until someone RAN it. Then everyone started running it. Now, it's not considered anything to run the 4 -minute mile.
But no one is going to run the one minute mile. I certainly agree that we are capable or more than we generally think, but some things just are simply beyond possibility.
And how do you know he didn't have significantly more funds in his personal bank account earmarked for forex.
He very well may have. But that doesn't change the size of his account.
Perhaps he was taking almost no risk
We can look at the risk he took by inferring from his losses.
Your statements are narrow minded and ridiculous. I could use silly, but that would;t give credence to boxed in view you espouse.
Yes, because I think one shouldn't expose themselves to account-destroying risk, that makes me closed minded. Well, in my narrow view, one shouldn't trade in such a way that a half dozen losses empty your account.
Money management is completely personal. If you know what you're doing, you could wager a much larger percentage of your account.
I agreed with that, moron!
The big boys who have become millionaires many times over used considerable leverage to get there.
Considerable, yes. High enough to blow the account? Probably not.
Read up, friend. And I mean, between the lines. Most who are masters don't bother writing books and making money TEACHING how to trade, they are trading....
Why would I read up? You just stated they don't write books!
You have to grow some balls and put them on the line if you want the rewards. Or, you can be conservative like, you probably are, etc...
There is a difference between "balls" and "crazy". The size of my balls is just fine, thanks.
It;s completely up to you. But don't go around telling people the mistakes they have made by increasing their accounts by over 500% in one month. Just some good advice..
But it isn't good advice. Making 500% in a contest is an accomplishment, yes. But it isn't the sort of trading that most of us do. This guy is risking his whole account trying to win a contest. He has no consideration for staying power. Most of us do.
You can sit in your narrow minded box forever. That's your choice. And spew BS about money management and so on.
Please point out my BS. I said that most of us wouldn't and shouldn't risk as much as this person did. That's BS?
While silly people like you stand on soap-boxes and espouse what can't be done, the one's who know, are out there doing it.
It was a FLUKE! My god man, are you so totally without insight as to not see that?
Hats off to the Chinese Gentleman who increased his account over 500% in one month.
Agreed. He does it for six months and he's got something. But let's not forget that at first he lost 100% of his account. And let me just add that I doubt that outside of this trading contest, that he really trades this way. I will bet you he is much more conservative outside a contest setting.
Respond as much as you like to this post, I wont be coming back to it. I need to get trading......
Clearly that's true. If you think that one contest winner's amazing win is an example of "everyday performance", then you clearly do need to get trading.
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