Someone made 2400% in 2 days in REAL account! Is that possible?

[TraderABC]

Originally Posted by eternalfuture

TraderABC,

If you ask the person who made such feat to do it one more time, with real money, in front of your nose, and succeed, and can do it again and again, well the answer should be a big "YES!", and I'd be excited to see it myself!

Cheers!

PS. Let me know if the guy can do it again and again without limit, and with real money.

As long as a person keeps his head cool, as long as the person doesn't get greedy and wait for the right time, I am sure something like this is possible to repeat. These are not single occurances. Some people have been earning high % returns for a long while...

If 90-99%% of people loose, that meant that 1-10% win in this 1.9-3 trillion per day market. Guess how much winners win?

[rhan101277]

Well whats the secret to this..

[eternalfuture]

TraderABC,
I was referring not to general traders, I was referring to that someone who made 2400% in 2 days in real account just like what you wrote on the title of this thread. Can that particular person repeat the same feat again? Was it a sheer luck or skill?

EF

[TraderABC]

I don't know, but it seems that there was a system used there. If that is so, then it CAN be repeated.

[eternalfuture]

TraderABC,

I believe that at some times, some people are capable of doing such thing as winning big-time. But perhaps only a few could do it over and over again consistently. There are two kinds of market: trending and non-trending. In a trending market, most indicators work superbly, but when faced with a non-trending market, all these trend-following system have their performance downgraded.

I advise caution if anyone trying to sell you a system that he/she said to be profitable. Ask for a proof by having the person trade live using his/her own money. Seeing is believing.

[BullMarket]

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

[MrMee]

Generally its not that hard to make lots of money once or even on several occasions; but its all about being consistant and doing that over and over and staying with some sort of profit over many trades.

So yes...luck does help unless you are trading a lot then you make your own luck.

[narafa]

So what, someone made 2400% in 2 days in a REAL account in 2 days. Can he/she be consistent?? I don't know...Was it just luck??? I don't know...Only time will prove it...So why rush...?

My opinion, trading is about consistency, and not about lottery huge wins..So if he can be consistent making 2400% every 2 days for the next 6 months, which I doubt, he would become the richest man on earth before these 6 months pass, and we will all probably see his photos everywhere in TV, magazines and newspapers.

Thanks,

Nader