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"AUSSI" my thread and anything I want to put here

  • #3,321
  • Jan 24, 2020 5:02am Jan 24, 2020 5:02am
Quoting Ll1979
{quote} {image}
so true mate
people leave, but this thread will go on for ever
  • #3,322
  • Jan 24, 2020 5:03am Jan 24, 2020 5:03am
I am still practising ...
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  • #3,323
  • Jan 24, 2020 5:04am Jan 24, 2020 5:04am
Quoting Aussi
{quote} so true mate
those who think they can't and those who think they can usually are both right.

Go inspire m8!
persistence and determination alone are omnipotent
  • #3,324
  • Jan 24, 2020 12:05pm Jan 24, 2020 12:05pm
This destroys the salespeople who say only 5% of traders are profitable in any given month.
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  • #3,325
  • Jan 24, 2020 2:20pm Jan 24, 2020 2:20pm
[quote=CashBox;12720196]This destroys the salespeople who say only 5% of traders are profitable in any given month. {image}[/quo

yep mate the forex brokers making a killing , however the premise of the 5% is about losing mate i would like to see the breakdown of the losers and how long they are profitable
people leave, but this thread will go on for ever
  • #3,326
  • Jan 24, 2020 2:42pm Jan 24, 2020 2:42pm
[quote=Aussi;12720413]
Quoting CashBox
This destroys the salespeople who say only 5% of traders are profitable in any given month. {image}[/quo yep mate the forex brokers making a killing , however the premise of the 5% is about losing mate i would like to see the breakdown of the losers and how long they are profitable
Three of the top six on that list offer trade copier systems. (I didn't research past the top 6.) So that may be the difference as to why their winning account % is higher for a given month than others...successful traders are being copied.
Yes, it would be interesting to see how many traders are successful month after month also. Consistency of a system is hard to come by, but the stats should be encouraging to those who think only 5% of traders make money. The bottom line is there can be more suffering, err, I mean success, than the ea, indicator, and system sales people state in their sales pitch.
  • #3,327
  • Jan 24, 2020 3:25pm Jan 24, 2020 3:25pm
interesting tweet:
https://twitter.com/Special12435547/...19240766332930
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  • #3,328
  • Jan 24, 2020 3:37pm Jan 24, 2020 3:37pm
Quoting CashBox
This destroys the salespeople who say only 5% of traders are profitable in any given month. {image}
I think the sales people say that because they want traders to join their firms promising that they will make more money with them.
I'm in the 23% group on the chart but only with a 40% win ratio
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  • #3,329
  • Jan 24, 2020 10:07pm Jan 24, 2020 10:07pm
️
just for a cup of coffee...
  • #3,330
  • Jan 25, 2020 12:22am Jan 25, 2020 12:22am
[quote=Aussi;12720413]
Quoting CashBox
This destroys the salespeople who say only 5% of traders are profitable in any given month. {image}[/quo yep mate the forex brokers making a killing , however the premise of the 5% is about losing mate i would like to see the breakdown of the losers and how long they are profitable
I read a year back that the joke amougst Brokers was their most profitable retail traders on their books were often traders that had DIED.
As it can take months, even a year before their relatives find / close the accounts, the fact they didn't touch their open trades enabled the profits to grow more than traders who were still BREATHING
Trading thin liquidity at the boundary of the charts
  • #3,331
  • Jan 25, 2020 1:09am Jan 25, 2020 1:09am
Quoting akim0895
️
people leave, but this thread will go on for ever
  • #3,332
  • Jan 25, 2020 1:10am Jan 25, 2020 1:10am
[quote=RickM;12720737]
Quoting Aussi
{quote} I read a year back that the joke amougst Brokers was their most profitable retail traders on their books were often traders that had DIED. As it can take months, even a year before their relatives find / close the accounts, the fact they didn't touch their open trades enabled the profits to grow more than traders who were still BREATHING
people leave, but this thread will go on for ever
  • #3,333
  • Jan 25, 2020 2:31am Jan 25, 2020 2:31am
[quote=RickM;12720737]
Quoting Aussi
{quote} I read a year back that the joke amougst Brokers was their most profitable retail traders on their books were often traders that had DIED. As it can take months, even a year before their relatives find / close the accounts, the fact they didn't touch their open trades enabled the profits to grow more than traders who were still BREATHING
You've just found The Holy Grail!!!

A bit extreme, mind you...though I bet you'd be able to find a couple who'd be willing to give it a go
  • #3,334
  • Jan 25, 2020 3:28am Jan 25, 2020 3:28am
[quote=lemercenaire;12720774]
Quoting RickM
{quote} You've just found The Holy Grail!!! A bit extreme, mind you...though I bet you'd be able to find a couple who'd be willing to give it a go

Yes....

but if you posted that strategy here on FF in the systems thread.....

it wouldn't be too long before a few punters would be asking if it could be made into an EA.

Empty your mind and let the market guide you
  • #3,335
  • Jan 25, 2020 4:45am Jan 25, 2020 4:45am
[quote=SunnyCoast;12720796]
Quoting lemercenaire
{quote} Yes.... but if you posted that strategy here on FF in the systems thread..... it wouldn't be too long before a few punters would be asking if it could be made into an EA.
people leave, but this thread will go on for ever
  • #3,336
  • Jan 25, 2020 4:45am Jan 25, 2020 4:45am
[quote=lemercenaire;12720774]
Quoting RickM
{quote} You've just found The Holy Grail!!! A bit extreme, mind you...though I bet you'd be able to find a couple who'd be willing to give it a go
people leave, but this thread will go on for ever
  • #3,337
  • Jan 26, 2020 2:27am Jan 26, 2020 2:27am
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people leave, but this thread will go on for ever
  • #3,338
  • Jan 26, 2020 3:36am Jan 26, 2020 3:36am
Quoting Aussi
{image}
Aussi...THE MAN on a mission. Well done!
  • #3,339
  • Jan 26, 2020 3:42am Jan 26, 2020 3:42am
Quoting CashBox
{quote} Aussi...THE MAN on a mission. Well done!
thanks mate
people leave, but this thread will go on for ever
  • #3,340
  • Jan 26, 2020 4:27pm Jan 26, 2020 4:27pm
[quote=RickM;12720737]
Quoting Aussi
{quote} I read a year back that the joke amougst Brokers was their most profitable retail traders on their books were often traders that had DIED. As it can take months, even a year before their relatives find / close the accounts, the fact they didn't touch their open trades enabled the profits to grow more than traders who were still BREATHING
I would call that extortion since brokers are exploiting the relatives of traders who might need the money. Of course the best thing for brokers is that the trader had running losing trades so the account would be closed only when it reached zero. Shame on them.
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