Because no one knows what the market is going to do tomorrow.
What I'd like to see Ivant do is to put $398,700 in to the bank/buy gold bullion/whatever and start again. If you get to $400k again, then its time crack open the Dom Perignon.
I must say, hard to believe, but if it's all true you have obviously found the trading plan we wish we all had. I recently finished a course and still losing money so well done.
If I were you I'd go all out. You obviously have a great win/loss ratio so I'd keep trading the way you are. Like you said, at your age it's the best time to go bankrupt
Well done Ivan. You may have a bit of my money there which I have given to IG over the year.
George Soros says he knows. He was interviewed on tech ticker and he said I know exactly which way the USD is going to go, but he wouldn't elaborate.
Hello Ivant,
I've gone overnight many times on the SPI without any stops , only slept well when pi**ed , sometimes there was a nice surprise the next morning & some horror shows
Lucky it's balanced out in my favor so far ..
Just like to know how you handled that sort of pressure ?
i reckon Ivan is smart enuff to answer for himself, but just a couple of points to ponder ----
i questioned this trade a few posts back and was given a perfectly logical answer to explain it ---- ie rogue spike --- IG reversed the trade etc etc
DEAL Closing trades 23/12/08 BSWQ77AC Australia 200 Cash (A$5 Mini Contract) - 3500 A$ +5 3791.5 A$7,287.50
This is the reversed trade on the same date ----
DEAL Closing trades 23/12/08 GQ54GD Australia 200 Cash (A$5 Mini Contract) - 3791.5 A$ +5 3580 A$-5,287.50
NB. You dont get reversed trades on IG Demo accounts !
Next --- the screen shot ---- stay with me here folks
last trade done on 08/04/09
the third fourth and sixth trades all closed on the 02/04/09 were Oz cash trades entered at either 3171.5 or 3184.5
Those entry levels could not have been entered any later than 10 March
that is 18 Trading days till the 02/04/09 and 21 Trading days up till the last trade date (and doesnt include weekends)
IG Demo accounts are 14 Days only ----
on face value the accounts look real
did he make half a mill?? --- who knows --- but there is over 30 grand of closed profit on the screenshot alone
are the accounts real?? --- they could well be, and if not ----- its a bludy good hoax
i hope Ivan sends a couple of statements in and put us all out of our misery so we can get back to milking the goats !!:sheep: (the goats on holidays ---- thats his mate "Shawn" who thinks he's really Skippy --- is it too early to be drinking !!lol --- only caffeine of course !!
Ivan if you have a tendency to gamble big - nothing wrong with that.
here's my advice. take out everything except $20,000 and do it again. will satisfy your urge to push things, you can still leverage up but if you blow your account you start again with another $20,000. After you blow it 5 times you will start to think a little differently about your process. And you will still have $300,000 left.
You are a smart man Cartman. Good detective work there
Lol --- for craps sake dont tell anyone that A/L --- you'll ruin my reputation
Hats off to Ivan ---- he is the smart one ---- believing in his ability enuff to keep putting the cash on the line ----
Both him and TH are rare commodities !!
Ballzy --- Brilliant --- Brazen ---
I had some of those qualities once but then i added another B word --- "Boofhead" and lost the lot lol----
Inspirational stuff Ivan ---- cant stop smiling for ya
interesting point. i usually go to bed at 3-5 am so i get a good understanding of what is happening. then i have an alarm going off by the hour if its important. i love to be in the know. i usually miss the open unless i need to do something. at the moment (since around july) we have been more active at night then in the day. i dont know when that will stop, but at the moment i just stay though the night. i theoretically trade the FTSE and DOW too, because overnight prices move on their moves. usually they are pretty well correlated though.
Ivant, I must admit I have enjoyed reading this entire thread and like most other here are quite impressed with your returns....congrats!
I have wondered though why don't you try out Direct Market Access (DMA) on Igmarkets (referred to as PureDMA)? The key thing here is that you won't be struggling against a Market Maker, hence your spreads will be those set by the actual buyers/sellers in the market. I also have an IG account and am looking to upgrade soon. If you've already tried DMA out I'd be keen to hear what you think of it? Otherwise give it a shot and see if it helps with slippage problems.
Anyone else use DMA? If so, what your thoughts...
thanks.
cheers
Sag
Ha Ha ! Now I know how you did it
And as for that DOW correlation at night , I do agree ,.
Notice it turned up quick tonight , I had some shorts on but escaped just before , the DOW Futs didn't give the warning but gut feel said close them now
Ivant, I must admit I have enjoyed reading this entire thread and like most other here are quite impressed with your returns....congrats!
I have wondered though why don't you try out Direct Market Access (DMA) on Igmarkets (referred to as PureDMA)? The key thing here is that you won't be struggling against a Market Maker, hence your spreads will be those set by the actual buyers/sellers in the market. I also have an IG account and am looking to upgrade soon. If you've already tried DMA out I'd be keen to hear what you think of it? Otherwise give it a shot and see if it helps with slippage problems.
Anyone else use DMA? If so, what your thoughts...
thanks.
cheers
Sag
Ha Ha ! Now I know how you did it
And as for that DOW correlation at night , I do agree ,.
Notice it turned up quick tonight , I had some shorts on but escaped just before , the DOW Futs didn't give the warning but gut feel said close them now
Just a quick note, before I answer the past posts, I have sent Prawn my statements, as I really don't want to disclose them publically. Nothing personal, it is not for everyone to see.
On reflection here is what I have noted, and I WILL say this to the public, I have made 400K (395 + 5K that was reversed) and not 550, from a starting stake of 1300. I do apologise about this, but I have not looked at my statements since October. This equates to 307 fold. Sorry for approximations and the mistake in what I did say.
That is a major difference, I realise, and I will blame human tendency to overinflate what one has. Remember the last time you looked at your bank statement. As Dylan Moran said, "You always get disappointed when you do that".
I am glad this post has provided satisfaction to the readers. Hopefully someone has learned something out of it, and hopefully after this is all done and dusted, we can start a post about all the mistakes I have done and advise for no one to follow. Beamstas will have a ball, since he seems to be in the wrong game.
I've gone overnight many times on the SPI without any stops , only slept well when pi**ed , sometimes there was a nice surprise the next morning & some horror shows
Lucky it's balanced out in my favor so far ..
Just like to know how you handled that sort of pressure
Hi,
Ballsy, Gutsy, Brazen....
Don't do this at home etc... are what everyone seems to be implying. Yet what is the downside?? $1300 and time (and not much of that).
Perhaps this is the way we all should be trading. Take a small starting account, pony it up with huge risk, and stop at a predetermined time, withdraw 95% of balance, and do the same again.
If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.
This thread is making me think about my entire trading philosophy, and I've only been doing it on and off for 29 years.
brty
Hi,
Ballsy, Gutsy, Brazen....
Don't do this at home etc... are what everyone seems to be implying. Yet what is the downside?? $1300 and time (and not much of that).
Perhaps this is the way we all should be trading. Take a small starting account, pony it up with huge risk, and stop at a predetermined time, withdraw 95% of balance, and do the same again.
If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.
This thread is making me think about my entire trading philosophy, and I've only been doing it on and off for 29 years.
brty
If you blow up So What??? it is only small starting amount and "market money".
If it works, rinse, repeat.
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