I’m reminded of my first winning trade. I made $10,000 in
demo money in a matter of minutes, it was great I thought I had it all figured out. Over the next few weeks I managed to wipe all of it away pulse some of my initial deposit. I didn’t have good money management, among other things. A return of 2,400% in two days is not good money management, period.
The market is a wild crazy place anything can and dose happen. The only hard and fast rules that you have that will save your ass is your money management. Your strategy has to constantly evolve to the changing market conditions.
Anyhow two days of a strategy is hardly enough to call it a success. You need to see how this strategy functions in different market conditions before you can call this anything but dumb luck.
My gut tells me the same as nonpiker, I think this guy was pip sniping and got shut down after two days.
Whatever the case Never forget the old stock market adage, “Bulls make money, bears make money but, pigs just get slaughtered”, Wise words from wise old traders.
-Frank