Give a yell when you reach capacity and I can set up a trading room for you on this side of the world and you can trade the US during normal hours
Draw up the contract, you have 12 months to do it
no the deal is I put up the money.
You open an account in your name with that money.
If I cannot make $500 average per week for the period I will pay you $5000.
If I make more than $500 per week average you have to pay me that amount as well as me keeping the profit.
So if over 8 weeks I make anything less than $4000. You get $5000
IF I make over $4000 I keep all the profit but you MUST also match that profit. For example if I turn the account into $50,000 I keep that as well as you also paying me $50,000.
I think that's only fair. What have you got to lose ??apparently I cannot even make 2% per month I'm giving you a huge advantage I am willing to start with a mere $1000.
Come on it will be interesting to make a fool of me surely?? (and make $5000)
...money talks, bullsh*t walks
Trembling Hand,
Why don't you use your trading strategy on actual futures instead of CFD's.
On a 2 contract trade because of the spread, you are potentially $100 bucks worse off per trade. ie SPI
Haha!
I have said somewhere here recently that at the end of the month I always get out the calculator and do the figures on transferring my results to the ES(S&P500) where there is probably always 500 contracts on the bid/ask. Instead of the 3 to 20 on the SPI.
We all need to dream
Being that active, i'm sure we exchange hands a few times in the trading day
TH, can I nitpick ... 500 on the bid/ask is a bit optimistic ... on the ES reliably a 100 or so either side (reliably in the sense that there is until you need there to be...) but of course widly variable.
I think you should consider asxgorrila's idea... I am sure there is a city in Europe/US that can match Melbourne's charms ...
Trading 1 contract is different to trading 5 contracts, is different to 20 contracts, 100 contract and so on.
I've done 76 round trips on the SPI so far this morning. (the real thing not CFDs)
I do. I hate the CFDs they are rubbish. But it was just an excise to help friends with little $ outlay from me. Instead of having to put up $10,000 in a futs account.
I've done 76 round trips on the SPI so far this morning. (the real thing not CFDs)
Would it be the case that more traders would be confident of making $26000 profit for a twelve month period rather than $500 per week from a starting capital of 50K in either scenario?
Haha!
I have said somewhere here recently that at the end of the month I always get out the calculator and do the figures on transferring my results to the ES(S&P500) where there is probably always 500 contracts on the bid/ask. Instead of the 3 to 20 on the SPI.
We all need to dream
ie if you could win 10 times and lose 2 times - consistently...
TH, have you traded the YM, and if so, how do you compare it to the SPI? With 3 to 20 contracts on the bid/ask it sounds about a quarter to a tenth the size on the YM. Just interested to know, as long term I'd like to consider markets other than the US, simply for my lifestyle, if nothing else.
I have had more success trading the YM than the ES(but absolutely nothing to get excited about) I think because it moves a a bit more similar to the HSI. that is a bit more oscillation around the bid/ask. The SPI compared to anything else is pretty slow. I mean it does 20,000 contracts a day the YM will do that before the cash opens.
But still I think it probably doesn't matter we still get the same types of daily ranges and there plenty of volume there for 99% of people and price patterns.
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