$73650 in 10 Days!! See the attachment

[Mark66]

This is not mine, I got it from someone, the question is what is his strategy?

see for yourself

[Trevman]

....

[graemenash]

The large gains are more to do with position size than pips...

[ForExTractor]

Basically all the profit comes from one insanely overleveraged trade of 20 Million Euros. If one plays at around 100:1 (!!? ) effective leverage with a 200K account, the account must be only play money for the particular person.

I heard a superb quote recently -

Originally posted by Matt NZ:

The problem is that if you keep playing double or nothing, it eventually comes up "nothing".

[autofx]

There are old traders.

There are bold traders.

There are no old, bold traders.

Guess which one this guy is!

[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.

[fxscalper90]

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.

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

[naz9403]

One huge problem that i've learned since my days as a newbie is money management. Highly highly underestimated. If you have an account under 1k, there is no way you should be trading with any other broker than . Simply because with $500 bucks, taking a few losses with trading 1 full mini lot, your on your way to ruin.
500 bucks i would enter 5000 units with for my first position trade, which equates to .5 of 1 full mini lot. Small yes, but if your analysis is wrong then you are only out a small amount and you can re adjust your analysis.
As far as robust systems, i too believe there are some but the true essence of being a speculator is pulling the trigger and looking back after you've made money and say, i've won and i've overcome fear and greed, used my knowledge and succeeded. To me that is the best feeling. After all money is not 100% of the game, the love to trade and to beat the market on a trade has to be there or speculating is not your thing.