I don't think I have ever seen anyone post a live statement before here on this site. I figured I would so that when I said what I do is real people would not be able to say what they normally do when someone says they have made money in the live market trading real money. It's something that can't be bluffed. Hell you can call the broker for all I care if that's what you feel you need to do to believe someone can have success in the live market with real money.
Anyone who wants to do that just let me know and I will be happy to give you his name and number.
Thanks for words of encouragement. The live market is not for the faint hearted. You either know what to do and can do it or you do not. Should the latter be the case it is prudent to hone your skills on sim until you can be consistently profitable everyday. It took me 4 years to do it. As said earlier though sim is just that. There is no one there except you. I feel that is a big reason why some people may not do well in this business in the live market.
There are 20 trading days in a month. I try to have but maybe 1 losing day in that time. When I say losing day I mean not making any money and giving them some of your profit you took from them let alone any of your own working capital. I'd rather eat broken glass than do that.
I'd say anyone who wants to be involved in this thread should be willing to back it up with live numbers. That would be real good. That's why I did it.
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As a observation, you seem a bit defensive about the whole process here. I would say this is not your typical trading website. For those of us who have been around a while on futures.io (formerly BMT) we have seen many traders come in with a gungho attitude with something to prove and ego to match only to end up failing. I should point out all of them have very similar posts to yours. So, if a long time member is giving what seems to be negative feedback its because we have seen too many traders blow up there accounts and are never heard from again. We are trying to help them not put them down. With that said, the one thing I would say about futures.io (formerly BMT) members is we are honest, sometimes brutally.. but in this business you have to be that way.
RE: posting account statements; There are many people on futures.io (formerly BMT) who have posted account results, myself included. In fact I posted my trades from my account page on Friday. Shodson posts his at times as well. I would say 99% of the reason why traders dont post results is because its personal and they dont want to share. (kinda like tax returns) Does that make their trading or posts invalid if they dont share? Of course not.. yet some people are of the opinion if you dont post results then you dont know how to trade and are a fraud for giving someone advice. This is total crap too.
There is an old saying; if you can do it then it aint braggin.. So keep doing what your doing! I wish you all the success in the world and hope you continue to post results. After all, thats why we are here.. to learn from others and become successful ourselves.
nosce te ipsum
Trade what the market is doing; NOT what you think its going to do.
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I'm lol right now because I just did my numbers from my other business. I worked 31 physical days and did 41k. I was lol and thinking I can't wait to make that in a week in the market. My mentor told me he has taken out 6 figures before so I know it's do able. He trades size though and size is earned not a given so I have a ways to go on that.
As to what I trade and why I trade it? CL GC and/or NG. I go with what's in play and what I can make money in in the shortest period of time.
I started with a small account on purpose. As I said earlier when trading sim money it's not real and you will do things that you would/could never do IRM. I was no different. I did all that crazy stuff and got it all out of my system in there. The acid test in the live market only takes 5 trading days or until your money is gone. LoL
Another beautiful thing about the live market is that it is there for you to make money so you do not need to be in any hurry to go in. It's always going to be there. The key or one of them anyway is to go to where the opportunity is and get paid THERE. Where is that? I like crude gold and Nat gas. If you take a hit you can for sure get it back in those fairly quick and in the same session. That's been what I have experienced so far. A couple of times I have been down like 200 and made right back and finished with 200-300. To me that's a win win. No pun intended.
It is really very simple -- you are new here, you appear to not have a lot of experience trading, but you post as though you are an excellent trader. You take huge risks on your trades by your own account, and you cite a track record of a week as evidence you are skilled. I am reaching these conclusions from what you have posted. If they are the wrong conclusions, it is because you haven't posted much else.
So you are naturally going to receive some constructive criticism from the members of the site who have been at this for a long time and have learned from their past mistakes, some of which they see you making.
As for posting live statements, there isn't any value when it's in a thread like this where you seem to be trying to prove to others how good of a trader you are. Statements can be faked or photoshopped or any other number of things.
Now, if you had created a journal and were documenting your progression as a trader, then it would be different. But as it stands today this thread reads more like a "look here, I am a great trader" than it does a journal. I would suggest you instead create a journal and get serious about documenting your progress as a trader, and that means journaling about trades and not about how much money you made.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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