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backwardation

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About backwardation

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  1. Let me chime in and add more pepper to this discussion. I'm consistently profitable (on a weekly basis) and I have some incredible wins. I use a very 'bold' system that breaks every single risk management rule out there. I use guaranteed stops to gain insane leverage in specific times I deem right. I keep my accounts small because of constant blow ups. Here's is what I did in a few hours on Friday using guaranteed stops on an account that had about $1,200 in it: I’m not stating this to show off (well maybe a little). Took many hard years to get to this level, and its still not even a little easy. There are many ways play this game, don't let the gurus and trade books shackle your imagination. My mentor was a bold pit trader who told me about a saying crude traders have: You can be a bold trader or an old trader (meaning you can grow old trading and making bits every day, or you can be bold and retire early). I spend little time in forums because I don't like them, but I'm constantly on twitter and discord. So yes, profitable traders do use forums and social media on a regular basis. I'd say probably more so than most, but they have their circle of traders.
  2. Will we ever get PRT 11? Should I just return this potentially amazing gadget? PS> This is the streamdeck https://www.prorealtime.com/en/streamdeck
  3. Its easy to switch your app store to another country (UK in this case). After you are done downloading IG switch back to your regular app store account from your own country. IG will continue to work and update. So simple. https://www.cnet.com/how-to/create-a-second-apple-id-for-downloading-apps-in-other-countries/.
  4. Its exceptionally easy to switch your app store to another country (UK in this case). After you are done downloading IG switch back to your regular app store account from your country. IG will continue to work and update. So simple. https://www.cnet.com/how-to/create-a-second-apple-id-for-downloading-apps-in-other-countries/.
  5. How come I can't find this on my account's most popular list? I can't find it when I search for TicTock or search for ByteDance. Is this not available on all accounts?
  6. Gann fans work nicely on PRT, but on the web platform they move around as you zoom in and out or change time frames. It makes no sense, there must be something I'm doing wrong. For example if I draw a Gann fan from the lowest point to the next low candle, then zoom or change time frame the lines completely move around. Also if I set a specific angle (45) and then zoom or change time frame all the fan lines move significantly..
  7. There is probably a custom indicator for this. Make an account at prorealcode.com and check their indicators and ask in the very active forum. Amazing community for PRT related questions.
  8. @CharlotteIG You absolutely should test internally and make sure things are fine, but this is taking way too long. It's been released for months, and your competitor has it working on their system from day 1. Also adding to the confusion, is that you can get PRT11 with IG if you sign up from the PRT site, so obviously it does 'work'. I like IG a lot, having come here after 10 years of Aussie FX bucket shops, but please start taking platforms more seriously. PRT is nice, but only having the outdated version, and not having access to other advanced platforms like Sierra Chart or ThinkorSwim or Ninjatrader or Jigsaw is becoming annoying. Thanks.
  9. @tehka yes absolutely this isn't a strategy for new traders, or even good traders. Its a variation of reverse double martingale which is a betting strategy. After 7 years of trading this method is what worked for me best, once I learned to control risk while still not using stops. I used to let my accounts grow, only to see a 17k account crushed to almost 0 in a matter of minutes.
  10. Fair enough, although all I wanted to do was mute an email, I'm now on the defensive. Here's today so far. I've withdrawn most of my account yesterday and I've turned $539 into $1141.10. thats more than double only during this morning (Dubai time). And pit session hasn't even started. This is where most profits are made. You forced me to brag, so yeah I'M **** GOOD. Although to be honest you are right to be doubtful, tons of BS out there. Only difference is I'm not trying to sell you anything and I'm telling you my way takes a lot of losses to learn. notice my position size increasing to the max I possible can with my leverage with each trade. That on CL is the secret sauce if you are good and have the psychology to withstand huge MAEs. Probably can be used with other scalping systems, not just my BB.
  11. @guesttraderjoe the ironic thing is my system got more profitable since start of the year. I think the big tightening wedge CL has been in all year might have something to do with that. I could never trade stocks, because my ability to screen is consistently worse than random selection (which is an achievement on its own). Have a wonderful profitable day!
  12. I regret posting this. People are DM'ing me thinking I'm trying to sell them something. I realized that most people probably don't understand the leverage already built into the CL contract (1000 barrels). So here's an example from yesterday: This trade took 11 mins. If your account had a tiny $150 balance and you took this trade with 1pound contract (margin $147), you would have made $315. Conversely, being on the wrong side of this will rip your face off. A more tropical trade involves 30-40 points, and you get so many of those during pit session.
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