What Do You Think of a Commodity Trading Pool That Returns 1.35% Average Daily Returns?
Friday, November 28th, 2008 at
1:26 am
Marky Mark asked:
1.35 to 1.5 % DAILY! with 60% going in your pocket and 40% going to the house.
1.35 to 1.5 % DAILY! with 60% going in your pocket and 40% going to the house.
Is this possible?
Based on anywhere between 300 to 1000 scalping trades per day with no more than 10% of your money at risk with a stop-loss of 2.5%
No of course, one would have to have a computer server and highly advanced program written specifically to take advantage of these 100s of tiny increases from different commodities throughout the day.
Tagged with: Computer Server • Money • Risk
Filed under: Commodity Trading
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sounds like a get rich quick scheme. What about the days where there is a loss, and the average is 1.5% to 2% negative? What they dont have down days?
Hmmm good luck with that
Things that sound too good to be true usually are.
At that rate you would be the first trillionaire before you die.
I think its a great way to lose a lot of money. If it really worked, don’t you think a whole bunch of people would be doing it instead of trying to make a profit by selling it.
Realize that commodity trading is much different than the stock market. Its possible to lose significant amounts in the commodity market, while it is possible to do that in the stock market, holding long term (10 years plus) usually results in an average return of approx. 10%.
Run, run fast!
So 80-90 basis points of performance per day, over 225 or so trading days per year? We’re compounding at well over 200% pa?
Right…ever hear the old saying, “If it sounds too good to be true, it’s too good to be true”? This is a ponzi scheme, at best…D
I do not believe it, it is too good to be true. If they could make that kind of profit reliably, they would not need your money. Tell them they are crooks.