And now he has removed his live trading account:
How NOT To Trade
Moderator: moderators
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
-
- rank: 150+ posts
- Posts: 157
- Joined: Sun Aug 23, 2009 7:01 pm
- Reputation: 0
- Gender:
PebbleTrader wrote:His stats aren't available anymore, but isn't that like -20% over like a 7 day period?!...hence the title of this topic "How NOT To Trade"
A supposed pro trader for over 14 yrs
I traded better than -20% in 7 days in my early years.....i lost it over a longer period of time,so you could say i was a better loser back then,than ICT is after trading professionally for 14 yrs
- TygerKrane
- rank: 1000+ posts
- Posts: 1733
- Joined: Mon Jan 25, 2010 3:36 pm
- Reputation: 297
- Location: Long Island, NY
- Gender:
Imagine how many more retail traders would've FLOCKED into Forex, had he demonstrated something a bit more successful...
(and there I was hoping for a quick way to move up from the bottom of the totem pole for dumb money, LOL )
(and there I was hoping for a quick way to move up from the bottom of the totem pole for dumb money, LOL )
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
aliassmith wrote:MightyOne wrote:http://www.pipsalacarte.com/blog/2011/11/22/the-inner-musings-of-innercircletrader/
Highlights:
UNCLE STAN's ADVISE:
"I hit my teens and while I was in the eleventh grade my Uncle Stan sat with me one Sunday afternoon at the kitchen table and told me? ?Michael, when you grow up and graduate? get a career learn a trade? save money and learn to trade options and futures?. I recall him saying, ?The richest people in the world trade futures and options?. That was the seed that started it all."
$17,000 PER WEEK AS IN $884,000 PER YEAR?:
"I was(<---) able to see price making tops and bottoms with consistency and trends I was able to ride these moves for seventy to eighty percent of their duration. I couldn?t believe it? what started out, as a plan to save a thousand dollars per month for an early retirement? became a seventeen thousand dollar per week adventure!"
NOTE: it is far more likely that he had explosive gains ('glory days'), over a period of weeks/months, the average of which being 17k per week.
YEAH WE KNOW THE TYPES:
"I was humored by some of the characters we see on these mediums? you know they types...
Or how about this character...?Watch me run my $500 account up to $100,000.00 in 3 months? and they blow it up all right. You never see them post again? and their thread fades away."
WHAT IS A REALLY BIG NUMBER?:
"should I make a net $20,000,000.00? I will retire. Until I reach that goal or I can no longer profitably trade I can?t see myself stopping what I enjoy doing so much."
MONEY MANAGEMENT IS THE KEY!
"I (--->)consistently made solid returns but I wasn?t where I knew I could be. There was something missing? one piece of the puzzle that eluded me. It was money management?(--->)and when I understood this principle? things went from good to ridiculous.
He must have took Mightyone's life and made some edits to the story.
Although I think it went more like:
When i was a teen i studies Ken Roberts and paper traded my A$$ off.
When I thought I was ready my dad helped me set-up a Futures account for $2000.
I traded options and never had a losing year for the past 13 years.
Now I "try" to teach people how to be profitable trading, while pulling all my hair out.
It was like reading my life story. It is amazing how two people can have similar life experiences & radically different results.
I am certain that had I continued to trade naked Futures contracts we would not be chatting today...
naked anything is generally a bad idea.
Despite popular belief, I am not a 'Forex Guy'
I have made all of my money trading options; Forex is more of a hobby.
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
- aliassmith
- rank: 5000+ posts
- Posts: 5057
- Joined: Tue Jul 28, 2009 9:50 pm
- Reputation: 2847
- Gender:
- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.