$5 loss with 10k shares. Wiped out $50k in a few hours. On a leveraged account trading CFDs. Would suck, although it was just paper trades anyway.
Well done Alvin. Let's see what you come up with next.
His trades might not be real, but if they were and he was trading with 500k of CFDs for an interest of 5 million, if you assume someone did proper risk management, their trading account size would be quite large (you would think at least 20 million). In such a case 50k loss in one night would be negligible relative to the account. It would be like someone putting $500 on a CFD for a 10k exposure losing 50 bucks. Not a big deal.
I would like to be at the point where 50k is the same as 50 bucks though
This was his past trade apparently. In 4 months he went from making trades with share value of $54 830 to $54 800 000. Very believable.
Getting stopped out in a few hours right after trade entry, very good (paper) trading system.
Lets assume alvins trade went into positive on the apple trade so same positive % as it went in negative, how much would he have profited? 54k?
Alvin is such a great trade he never ever lose money, even on a paper trade.
He will come back and say something like he saw the intraday breakdown and moved his stop to breakeven. He also sold some options and collected the premium.
Don't you guys get it?! Alvin NEVER loses on any trade.
P.S. You might question the fact that he went to bed and couldn't have done that... but he only went to bed in "sim" as well.
Prepare to suspend reality folks
$0.02
No, I never said that I never lose money. I said that I have never had a losing month. And even though I am down a little bit in January, I am sure that I will end the month with a profit.
No, I didn't see the intraday breakdown because I was fast asleep at 5.50 a.m. Even if I had been awake, I couldn't have done anything to avoid a loss. There was no "breakeven" possible because I hadn't sold any call options yet.
Don't you guys get it? Alvin sometimes loses on a trade, but he has never had a losing month.
And I don't do anything in "sim", especially in bed.
OK, pre-market trading opened a few minutes ago and I bought 10000 AAPL CFDs at $542.00, S/L is set at $537.00
Now we just have to wait and see.
Same but i purchased 50000 AAPL CFDS.:
Same, and if I lose, I will just buy double that on the next trade. Martingale works because I have unlimited money.
Oh and here's the "proof", just like Alvin's.
__________________________________________________ _________________________________
This message is to confirm that you have placed the following trade:
Date: 21 JAN 2013
Reference: AAPLAAASDRETWYT
Size: Buy 50000.0000 shares to open
Market: Apple Inc. CFD
Level: 542.00
If you have any questions, please contact our Helpdesk on the details below.
__________________________________________________ __________________________________
I wonder if the moderators of this forum will take notice of your obvious fake broker's statement. I think there are some rules about posting bogus statements, aren't there?
Finally Alvin admits that imitations of bogus broker's statements and unsubstantiated claims are direct copies of what he's been doing here.Oh minwa!!! This is too funny for quids.
Your "BROKER'S Statement" is obviously a fake. What an idiot!!!
If you are going to fabricate a statement, get at least the date right!!! This is 2014, not 2013
ROTFLMBO
It just goes to show how screwed up you are. Proof positive. Hahahahahahahahahahahahahahahahahahaha
I can't stop laughing.
Apart from that, the code is wrong.
So, to all of you who are now claiming to have bought AAPL CFDs in varying numbers, all I can say is that imitation is the most sincere kind of flattery.
And, no, Martingale does not work, and I don't have unlimited amounts of money. But I can stand a loss of $51k, but not too often, of course.
I wonder if the moderators of this forum will take notice of your obvious fake broker's statement. I think there are some rules about posting bogus statements, aren't there?
OK, pre-market trading opened a few minutes ago and I bought 10000 AAPL CFDs at $542.00, S/L is set at $537.00
Now we just have to wait and see.
Have just moved the S/L to $547.50 which is slightly better than B/E, allowing for a bit of slippage just in case. Pre-Market AAPL is at $550.80 and rising.
How much you in profit $ now?
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