How to double a 50k trade account, or make 10k on a 25k account in less than 24 hours.
fast answer: MINUTE TRADING. HIGH VOLUME,SHORT TIME. trade on a minute chart- picking up as many contracts as your money will allow-and close them when it reaches the other side- grab more for the ride back. Grab max amount in direction market is moving( market moving up- buy heavy, sell lite) Only hold contracts for the few minutes it takes to reach the other side of the chart- scalping between $150-$2000 per turnaround. In a crashing market- jump in- let it slide till you reach $2000- close those contracts and jump back in with a new set. This way- the profit is protected. Because your holding as much as your margin will allow- trading as safe as possible is required. When you make a mistake- be sure to jump out before it reaches a $1200 loss. Anything under 1200 can be made right back- and a Swing over 1200 usually isn’t coming back any time soon.
This is the method my brain figured out by it’s self on the first test account I ever trading on. Using the method- I turned 50k into 2 million in 2 days. To prove to the friend that introduced me to trading- he had me open new test accounts and do it again. I achieved the same outcome on 8 test accounts in a row over the next few weeks- abandoning each test account once I hit 2million. Only on the 8th account did I keep going. By the 4th day I had cleared 10 million and was attempting to close an additional 30 sets of 30 lots for 17 mil more (27mil total) and the transaction crashed PFG’s server. They called me to ask me to please stop trading like I was. Their system wasnt programmed to process the volume I was trading because they never even considered it possible. They said they had been following what I was doing from the first test account I’d opened. I went on to try my methods on test accounts for all the trade brokerages and the method works. PFG said I was a trading prodigy. And while it was my weird intelligence that came up with the method- its based entirely on logic. Thinking it up was the hard part- using it is simple.
Why am I telling everyone how to do it for free? As smart as I am- part of me must be stupid because I don’t know how to set up the whole marketing side for making money off intellectual property. Am I a millionaire from using this method? No. I’ve never made even 1 cent trading. Why? Takes lots of money to make money trading. Once I figured out that all accounts with less than 150k are ALL online games- opening an account with less was not an option. I did have investors who heard about me ask me to trade their million dollar accounts. I was all signed up to do it when a conversation with the head ceo for FXCM (who I was going to trade thru) revealed that only by special request were any accounts traded on exchange. Even the million dollar accounts were being traded on the on line games. – the CEO leveled with me that I’d loose the guys money- no matter how good I was. He said”no one walks away with their money. No one.” So we can canceled. Later FXCM was busted for pre programming the accounts to loose everything and sued for over 14 million.
I put trading big money on hold and started researching every trade company there was- trying to find one I could trust to trade the investors money on. I settled on a over seas company -but the rules were suddenly changed that ban US from having foreign accounts. Then they took away our ability to hedge- which makes it much harder to make big money fast (hitting a million went from over night to taking a week to achieve) My last hope was to make money trading test account contests. They knew about what I can do- and went and put lot size limits on the contest accounts.(yes- just because of me- I called and asked!) So- unless I move out of the country or get hired to trade a multimillion dollar account on Knight Hot Spot (big accounts are real with them- and only them in the US) I’ll never get to make any money from trading- unless I get known for the method it’s self. Maybe by telling everyone how to do it- I’ll get a little recognition for my achievements. According to PFG- no one in the world has ever traded the kind of numbers I was trading. 27 million in 4 days off of 50k. I challenge anyone to even clear 2 million in 2 days.
Disclaimer: This method is only to be used for fun. It will not make you make money on ANY real account in the USA because they are programed to take back any winnings before you can withdraw any money from your account. Use it to have fun on test accounts. I will not be held liable for any losses to anyone who uses it. Use at your own risk. My brain functions above the whole IQ range- so while the system seems super simple to me-I was never able to teach my friend how to do it. Please leave comments about your results with it.
DO NOT USE THIS METHOD TO TRADE ON A REAL ACCOUNT UNLESS IT’S WITH KNIGHT HOT SPOT And during normal trade times. After hour trading is done on a gaming system.
MY METHOD OF CURRENCY TRADING
Trade when market is most active. It doesn’t mater which way the market is moving- just that it’s very active. Pick currency pairs with low pip spreads. Nothing over 3. Open 5 minute candlestick charts for the 4 lowest spread pairs. Pict the 2 most active pairs and switch to 1 minute charts.
On the minute chart- the candles will reach a max high and a max low -every few minutes. The max high and low need to be at least 5 pips apart. Now use your chart reading functions to compress the screen so it shows more and more history. Notice that the highs and lows every few minutes start to look like a solid line that also makes a wave across the screen. So little waves are part of a bigger wave. This continues to be true with bigger chunks of time.
Switch the view to a 30 minute chart. In the box that says how many periods to show- type in 2,000. This should compress the chart enough to see a full year on the chart. If not- compress it until you see a full year.
HYPER TRADING (aka human Cheeta trading) Big lots- very short amount of time for profit in chunks of $150- $2,000. Its effective. Controllable. And it easily adds up to about 10k on a non-agressive day of trading.
The way to make money fast is to trade big and very fast – scalping small amounts of money- as many times in a row as you can. Trade “sessions” of very focused trading where you remain in front of your computer with no distractions allowed.
Trade using a minute chart- once you determine market direction. Jump in and out at the max swing point. Loading as much as allowed in the direction the market is moving- and only a few on the swing back. If the market is unstable- dont be greedy- be willing to make only 100. As long as you are doubling what you will loose to commission- your making enough. Attempt to at least make 250 per transaction. When your moving 5 lots at a time- holding for 2 minutes for a profit of around 250 each adds up to over $1200 profit in 3 minutes.
The goal is to trade as many contracts as your margin allows- buying/selling in “lots” of contracts at a time- A lot is a set of contracts grouped into one transaction. In reality- when leveraging with a margin- each contract you buy is already a set of 10 contracts. So if you trade a lot of 3- your really holding 30 contracts. With a 50k account- you will only be able to trade 1 or 2 lots at a time for the first hour or so.
The market can move up or down from 4 to 30 pips in a few seconds. I open the trade- then sit there with my pointer on the “close” button and watch- It starts out (-200) cuz the service takes their cut upfront (2 pips) And I watch….(-200)…( 0)… (400) (800) (400) (800) – I call it bouncing- getting ready to make a jump- up or down,Then it dips(-400) (-800) then it shoots (-400) (800) (1600) (2,000) I know it will drop back down right after – so- click- I close the trade.
$288k = 8 sets of 40 = $3,200 per pip ($1,200 more profit per pip is now possible by only 30 minutes later)
It drops another 51 pips in the next 10 minutes
51 pips($3,200) x 51 = $163,200
combine with what was already in account….
444k+163,200k = Account total of $607,200
you doubled the original 300k in 38 minutes!
You can safely make millions in a matter of hours of you have $300k If the trading is on exchange!
PFG Best was the site I first was introduced to trading on. The test account where – on my first attempt ever at trading- I turned a 50k test account into 2 million in 2 days- then over the next couple weeks did it again on 7 more test accounts in a row. I crashed their server trying to close 17 million on the 4th day of using my 8th test account. If the server had not crashed- I would have made 27 million in 4 days.
These guys knew me by name. They are the ones who declared me a trading prodigy. They said what I’m able to do is something no one considered possible. I was asked to stop trading their test accounts because their system wasn’t designed to process the volume I was trading. I crashed it closing 30 sets of 30 lots.
I’d read about all this and out of curiosity- today I googled PFGBest and it brought up their website link. I clicked it – expecting to see a “notice to customers/no longer in business” or something to that effect.
There was none.
In fact- the site is still fully functional. I signed up for a test account and even was able to fill out an application for a live account.
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This download was last updated on – 7/9/2012 1:58:06 PM
According to the article below- by that same day the whole place was already frozen and filed for bankruptcy!
The date the article was posted:
July 9 2012.
PFGBest, Brokerage Firm, Missing Over $200 Million In Customer Funds As Founder Attempts Suicide
Reuters | Posted: 07/09/2012 8:33 pm Updated: 07/10/2012 1:09 pm
By Tom Polansek and David Sheppard
CHICAGO/NEW YORK, July 9 (Reuters) – More than $200 million in customer funds appears to be missing from the accounts of U.S. futures broker PFGBest, regulators said on Monday just hours after the firm’s founder attempted suicide outside the company’s Iowa headquarters.
The suicide attempt and missing money renewed anxiety over the stability of the brokerage industry less than a year after the collapse of much larger MF Global. PFGBest told customers their funds had been frozen and clients would be allowed to liquidate open trading positions, but would not be able to withdraw funds or make new trades until further notice.
The National Futures Association (NFA), an industry group that also plays a regulatory role, said it had issued an emergency order to effectively freeze PFGBest’s operations after finding that a U.S. bank account the broker said contained $225 million in customer funds actually held only $5 million.
“It appears that PFG does not have sufficient assets to meet its obligations to its customers,” the NFA said.
The disclosure came hours after owner Russell Wasendorf Sr., a 40-year veteran of futures markets, was found in his car near the company’s new headquarters, having apparently attempted suicide. He is in critical condition at the University of Iowa Hospitals, according to local news reports.
PFGBest, which has brokered trades in U.S. commodity and forex futures and options for 20 years, told clients it was in liquidation-only status as “some accounting irregularities are being investigated regarding company accounts.”
“What this means is no customers are able to trade except to liquidate positions. Until further notice, PFGBEST is not authorized to release any funds,” the note said.
PFGBest officials were not immediately available to comment. Local law enforcement officials said the investigation would soon likely pass to the U.S. Attorney’s Office.
With about $400 million in segregated customer accounts, less than a tenth the amount MF Global had when it filed for bankruptcy, the fallout will be less severe. But the news still sent shockwaves through the futures industry and added new agony for some traders still missing money from MF Global.
“For the futures market, it’s horrible,” said James Koutoulas, a commodities trader and president of hedge fund Typhon Capital, who has led a campaign among former MF Global customers to recoup their funds. “It’s a crisis of confidence.”
Koutoulas said he had nine accounts at PFGBest. His initial instructions to traders were not to liquidate the accounts. Instead, he will keep them open as long as he wants to be in the trades. He will liquidate if he does not like the positions before they are bulk transferred somewhere.
One broker at PFGBest said that Wasendorf’s son, Russ Wasendorf Jr., briefed employees about the events earlier in the day, saying that a suicide note had been found alluding to some kind of financial troubles with the company. The younger Wasendorf “sounded like he was in another world.”
“Everybody here is obviously in shock,” said the broker, adding that some employees had begun packing up shortly after the announcements. “Pretty much everybody around here said we’re doomed.”
One former employee of the firm said he had grown concerned that Wasendorf did not do more to distance the company from a massive $194 million forex-trading Ponzi scheme run by Trevor Cook in Minnesota, who admitted defrauding more than 700 investors. Cook is serving 25 years in prison.
In February PFGBest, which had acted as Cook’s broker, was fined $700,000 by the NFA for failing to notice the scheme. The company was subsequently sued for $48 million by the receiver rounding up the assets from Cook’s scheme.
The NFA said on Monday that on June 29, PFGBest clearing unit Peregrine Financial Group (PFG) told the NFA that it held $400 million in customer segregated funds, of which more than $225 million was on deposit at an unnamed U.S. bank.
But on Monday, after receiving information that PFG’s founder and owner may have falsified bank records, the NFA said that only $5 million was on account at the bank days earlier. It also said that previous bank balances from February 2010 and March 2011, reported in excess of $200 million, may in fact have held less than $10 million at those times.
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