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prtrader
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I've watched him trade, and you do need a six figure or maybe even 7 figure account to trade with him. In a webinar he took a long trade in the ES, and it immediately went against him, he started with one contract, then added 4 as price went against him. Price continued to fall, so he added 8, price continued to fall and added some more....fell again, so he added some more. Until finally, with 60+ contracts, price bounced and he took partial profits at 1 tick and the rest at 2 ticks. So he managed to end up with a gross profit of around $1500. At one point he had an unrealized loss of over $4500, before price finally bounced. That's probably why he hasn't lost since January. If you have a big account, scale in on losers and take profits at 1-4 ticks, you could probably enjoy a winning streak like that as well.
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Introduce Yourself Here - Don't Be Shy!!
prtrader replied to trading4life's topic in Beginners Forum
Hi everyone, I am new to this forum. I have traded forex and am currently trading futures. I hope to learn a lot from others in this forum.