Specht
October 16, 2010, 2:03pm
308
it is great reading what you have to say. very interesting and educational. thanks
TalonD
October 16, 2010, 2:48pm
309
dpaterso:
HAY!!!
Iām feeling a bit āleft outā here!!! LOL!!!
What is the link to the āOPāsā (thanks TalonD for explaining it to me) blog??? Iāve just gone through this thread again and I cannot find it (I know it WAS here somewhere but I cannot find it)???
This thread never ceases to amaze!!! LOL!!! Look at how it started out, where it went, and where itās ended up now??? LOL!!! Geez: we even have R Carter posting here now!!! Who knows: this could end up being one of the āgreatā threads you know!!! Iāll tell yaāll this much: thereās a whole BUNCH of people (myself included) who are going to have a whole LOT of āegg on our facesā if this guy actually succeeds you know!!! LOL!!!
Regards,
Dale.
hey DaleMichael A Bacarella
egg or not Iād like to see the guy make that goal but I still think itās a very long shot.
RCarter has mentioned someone who made it to a mill in 3 years. Even that is a remarkable accomplishment I think.
Possible, not possible? Yes itās possible. Even my EA would make 23 million bucks out of 1600 in 10 months if i tweak the lot size by factor 6. Thats under 6% risk per trade. Maximum drawdown below 20%. Thatās less than most systems have with so called ālow riskā. Would I do it that way? Definitely not! But itās possible ā¦
TalonD:
Why donāt you ?
Good question!
Because I want to grow my account and not shrink it. I mean, if I am above 1000% ROI and my system shows it will work like it looks like now, I might slowly increase my risk. But not that much. I want to survive and not get killed by a heart attack. If I imagine I would be at the magic 1 million usd and then it runs down 200k. Oh, oh ā¦
kummi90
October 16, 2010, 4:47pm
315
ruilima22:
what means ROI:confused:
Rate of teturn i.e. how much you get back from how much you initially invest.
bnjnson
October 16, 2010, 5:05pm
316
To be more specific ROI stands for Return on Investment.
mizuki
October 17, 2010, 1:55am
317
after some research I found out that there is a series 3 and 7 licensed michael barcerela and he is in fact a commodity tradingadviser that worked for Barclays in the state of Florida and the dude might be legit. Barclays wouldnt tell me anything when I called them but im definatly going to watch his blog to see if he can pull it off. Kudos to him if he does but if he is as rich as he says he is then $1,000,000 in a year doesnt really affect his bankroll that much
TalonD
October 17, 2010, 10:14am
318
mizuki:
after some research I found out that there is a series 3 and 7 licensed michael barcerela and he is in fact a commodity tradingadviser that worked for Barclays in the state of Florida and the dude might be legit. Barclays wouldnt tell me anything when I called them but im definatly going to watch his blog to see if he can pull it off. Kudos to him if he does but if he is as rich as he says he is then $1,000,000 in a year doesnt really affect his bankroll that much
So there is somewhere that you can find a list of who is licensed? where did you find that?
Oskar
October 17, 2010, 10:29am
319
Maybe so, but the one from this thread, his name is Michael A Bacarella.
Well whatever his nameā¦ heās made a bold claim. Iām a poet and didnāt even know it! OK Iāll stop now.
I for one will be following his blog. To my knowledge if he achieves this he will be the first to have done so.
kummi90
October 18, 2010, 1:59am
323
Where do you guys get this info about him? Seems semi-illegal. Lol
subane
October 18, 2010, 3:42am
324
mizuki:
after some research I found out that there is a series 3 and 7 licensed michael barcerela and he is in fact a commodity tradingadviser that worked for Barclays in the state of Florida and the dude might be legit. Barclays wouldnt tell me anything when I called them but im definatly going to watch his blog to see if he can pull it off. Kudos to him if he does but if he is as rich as he says he is then $1,000,000 in a year doesnt really affect his bankroll that much
Another reason why one should never use their real name on the internet. Some of you guys should work for the CIA
TalonD
October 18, 2010, 6:52am
325
Itās only illegal if you get caughtā¦
oh an update on the GBP/USD tade that I mentioned back a few postsā¦
Yes, same as a tree doesnāt make any noise when it falls down in the forest when no one is listening
bnjnson
November 3, 2010, 8:42pm
327
Heās gone. No updates on his blog since the 21th of Oct. Heās not getting any closer to his $1M goal.
Hm I really really hope its really just bronchitis and not traderitis.
Laime
November 7, 2010, 11:39am
331
mikeanthonyb:
Iāve been on this forum for about a week now and I am seeing alot of you guys are complete newbies who have no direction whatsoever, or you arent a newbie and you think you know what you are doing, no offense - alot of you donāt. If you are doing something to make a consistant 10%+ a week on your account balance then continue to do what you are doing - this post is not intended for you. If you earn half a million a year or more trading forex - this post is not intended for you. If you dont have to work and you are happy with where you are at right now with your trading - this post is not intended for you. If you know how to take $1000 to $230,000 in 52 weeks - then this post isnt for you. (this this without spending any money in your account.)
Iām not going to sell you guys anything. Iām not going to ask you to believe me or do what I tell you. If you want to learn what I am going to post on here then by all means listen. If you donāt agree with what I am teaching you its probably because you donāt know
I went through the entire babypips.com school just to see what kind of information is being offered. It is an excellent foundation for newbies, but thats just what it isā¦a foundation.
Whenever I have time I will post some value on here that will help you become better with your trading. Feel free to ask me any questions do so in this post so others can see your question and the answer because I am sure you guys will have the same questions. Try not to ask the same questions. I am a CTA hedge fund manager and have been into forex for several years.
The information referenced in this post arefor educational purpose only, and are not intended to replace individual research or licensed investment advice. Unique experiences and past performances do not guarantee future results. Certain accounts may have worse performance than those indicated or alluded to. Trading currencies involves substantial risk, and there is always the potential for loss. Your trading results may vary. No representation is being made that the information provided in my writings, will guarantee profits, or not result in losses from trading. No information I provide should be construed as providing a trade recommendation or the giving of investment advice. Aregarding a currency can only be performed by a licensed Broker/Dealer. I am not a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All users of the information I provide are suggested strongly to consult with a licensed representative of their choice regarding any particular trade or trading strategy.
Broker belives that customer should be aware of the risks associated with over-the-counter, spot Forex. Forex trading is highly speculative in nature which can mean currency prices may become extremely volatile. Forex trading is highly leveraged, since low margin deposits normally are required, an extremely high degree of leverage is obtainable in foreign exchange trading. A relatively small market movement will have a proportionately larger impact on the funds you have deposited. You may sustain a total loss of your funds. Since the possibility of losing your entire cash balance does exist, speculation in the Forex market should only be conducted with risk capital you can afford to lose which will not dramatically impact your lifestyle.
Currency trading has large potential reward, but also large potential risks. All information posted by myself should not be construed as representing results everybody can achieve.
That being said, I will post one extremely detailed lessons each weekend. I spend most of my time travelling to foreign countries with my girlfriend, learning how to fly my cessna plane, snowboarding, surfing, training mixed martial arts and learning russian. I promise one post a week of detailed information. Take what you want disreguard what you do not want and feel free to ask ANY questions wheter forex related or anything else you feel the need to ask
Sincerely,
MikeAnthonyB
Hi mikeanthonyb,
