v8power wrote: v8power wrote:
From a retail account you aren't - and definitely not consistently. Stay in the weeds...
With out getting into my personal details. What don't you believe you aren't doing and not consistently. Withdrawing large sums of money? I know I said 500,000. But how about lets say 100,000. That's only 20 lots per trade making 100 pips a day. Seems very doable. Now lets say you put each trade on 3 parts each. Now you at lets say 250,000 a week. 2 accounts puts you at 500,000.
Or maybe 30 lots, 3 parts but only 50 pips a day, but 3 accounts. But who knows. Right now Im only risking .1% per position, so my gains aren't what they use to be.
And I wasn't trying to sound like a dick or anything. You know I love when you share your insider knowledge with my green ass
You only know the limits of your broker once you've found them, and you only know how true of an ECN they are once you've tested those limits. I have found that every single broker is less of an ECN than they say they are, and that you are "allowed" a certain amount of profit in absolute terms as well as in relative terms if you are placing lots of limit orders and providing liquidity. The exception was CitiFX, which is now only available to ECP's and up.
Without naming brokers, those limits can be as small as 30K per week or as large as 300K per week, with the avg broker somewhere around the 50-100K/wk mark. This is mostly using relatively high frequency trading, so you may have different limits trading few big trades instead of 500K small trades in a week. One-offs like SNB or Brexit are different - you can hammer some cool cash during those times as they are supposed to be very careful to hedge - worst that can happen is they go bankrupt and don't pay (like FXCM almost did after SNB). But if you consistently take too much out of them, you will get poor fills, slippage, "no connection", "off quotes", "invalid login", etc.
So don't just assume you can make more money without having to pay the piper. Increase little by little once you're above the 25K/wk mark. If you find anything weird while making bigger money, throw them a few losses and trade small for a week or two out of that account. Don't get flagged.