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Anyone know of this service-

  #70 (permalink)

Elite Member
Fairbanks, Alaska
Trading Experience: Intermediate
Platform: Ninja Trader, Nexgen T-3 Fibs Pro Trader (Love Them!)
Broker/Data: AMP/CQG & Kinetic
Favorite Futures: CL
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Posts: 65 since Jun 2010
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bluemele View Post
Oh, and the returns he was promising were a bit out of this world. 10% per month compounding.... Sound familiar?

10% per month is not impressive. Isn't that only 2 tics per day? If you have a $5,000 account, trade the EC with 1 contract and make 40 tics in the market, you will make $500. That is a 10% return. In the futures market this is absolutely possible to do in a month. But there are some that average that much each day. To me 40 tics per day is like a 280 yard drive in golf. Most amatuers can't do that, but the pros do it all the time and some average that much. We know it's possible in golf because we can watch it on TV. But in trading, it isn't so easy to witness that kind of success. In some trading chat rooms, you see it. But if you look at the charts and apply a good trading strategy, you can see it. There is no need to look at someone else's P&L to prove it. You can see it in the charts.

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