Pailin's Trading Corner

With short-term trading and especially trading futures the only way I know to do it well is to pick a great entry point, buy twice as much as I actually want, and sell half on the first bounce (or parts across multiple levels) when it "looks" right.  Nothing scientific about it for me, but when I do it that way it takes the emotion out of the trade because I've already made some money.  Then I take off the rest using either a trailing stop or when the move has obviously exhausted itself.  Sometimes I'll set a stop on the rest at break even but in these markets lately I almost always get stopped out.  Once a trade is very much in the green I take profits much more quickly on the theory that I can jump back in if I'm wrong.    Unless it's a strong momentum move that's usually the right decision.  If you saw my trades during the big move in silver in Q1/Q2, you'd be aghast at how many times I jumped in and out.  Sure I would have done a little bit better had I stayed in one position the entire move, but like you said, can't always be looking for the big one... But at the same time can't rule it out.  On the other hand jumping in and out of things when you're not in the middle of a momentum move can be disastrous over time (been there, done that).  Now I realize 50% of the game is understanding what sort of move you're in so you know whether to stay out when you get out.

You have to be especially careful with shorts because markets LOVE screwing over short sellers.  Taking profits early and often is the only way I've ever been able to make any money shorting. 

I have some UVXY for next week but no way in hell will I sit on a 25% profit should it materialize!  Shorting the market is fighting the Fed and every other money printing central bank around the world.  Fighting the money printers is fine as long as you can dodge bullets like Neo.

I feel pretty offended. I came on here like most trading U.S. equities. I made ok gains pigging back the trades of others, but I SIMPLY DID NOT KNOW better existed. I It does. Even if I had never discovered the algorithm, I discovered Forex, which is far superior.

Dude Pailin, come on man, we BOTH know that is BULLSHIT. If you don't, then I seriously overestimated your knowledge of FX. Even if 10,000 people traded this algo with 1 mil firepower each on average, we wouldn't dent the gold market. The algo gets in when big money buys and that's why it is a winner.

Yes I realize someone else loses. That someone is someone who made a bad trade, obviously.  Not my fucking fault.

Trillionaire in 5 weeks! NO SIR. Maybe if you started with 1 billion. I'm not going to do the simple math for you. Take whatever you want to start with, multiply by 1.07 and count the days go by. 1.05 is my goal, but you get the point.

However, if you started with $10,000 I can promise you would be at least $500 mil after one year with 5% per day. I'm sorry, but after having the algo, I realized that it actually does make $7 / oz per day. So I came on here explaining what you could expect by using it. Just because you don't consisntely m ake those gains doesn't mean others don't. Just saying you need to look at it from that perspective. You do realize that bankers have much more powerful algos PLUS they have HFTR trade for them the entire time the FX is open. That's one of the many reasons they are so rich, but that is another topic.

People actually can't believe the algo only loses money 6% of trading days (1 day per month). The losses are tiny as well ($1-4 / oz )

I wasn't trying to pitch anything. I was just trying to say to those who don't understand that Forex is allowed for U.S. residents.

I didn't bad mouth anyone. I'm simply saying that if you are skeptical, it is your loss. I got lucky. I met a professional commodities trader who created his own algo, tried it out, and it works.

Then I come on here and share with you how I have pulled this shit out of nowhere. You guys make great trades and all but do you use 17x leverage? Do you have no trade anxiety like with the algo? I only lost 1% this week, and that was my own fault not the algos. I gained 50%.

I think it is absolutely hilarious that Vegas sets this up in the most risk free way possible and it actually caused people to be more skeptical. It's like people WANT to pay 5k for the algo so they can feel more confident it will work and it is not a scam. Odd.

$5 account opening? Not thinking to themselves "No risk in this"

$7 / oz per day? Liar. Liar. Liar! Just look at MT4s 15,000 bar history with the algo laid on top.

Only loses 6% of trading days? $1-4 you say (out signal or stopped out)? Liar.

Also Pailin, just calling you out where you are wrong, this is not a paid service. That alone just goes to show that you haven't even looked into anything.

People are skeptical because a) its extremely consistent gains and b) its risk free

Haha Pailin, you crack me up. Hedgies (the real ones, not the ones made to fleece people) and banks have more powerful algos than this. That is why they haven't latched on to some random traders algorithm. Their algos get in at the very, very bottom and out at the very top. We get in somewhat near the bottom and usually pretty close to the top.

I only posted about it again because it was the week end, and I wanted to give more people a chance to see it who didn't see it before.

It's just funny, I was only trying to help people. I have helped some already though and the thank yous have been rolling in.

Whatever. I'll stop posting about it. I only posted the link so people who didn't see what I'm talking about before, could see. And to give them a powerful algo to help them first) minimize risk and losses second) profit

I'll keep posting my trades so you know it's legitimate though. However, this is your thread, ban me if you wish.

You took the words right out of my mouth.

It is possible that he's just very green and very naive.  If that's the case, then we need to help him understand why what he is claiming is too good to be true.  Smart people fall for this type of stuff all the time.  Remember, lots of people do actually make money in scams like this.  That's how they get people to pony up REAL money, then they get taken.

OTOH, if you are shilling, it's probably best for you to just walk away at this point.

Might be too late, but Constantine is below .10c a share now, so I set up a limit order for a few on Monday.

The guy has been posting his trades.  They are always in the middle of the night, so I am not around.  Has anybody here bothered to check out those trades, because from what I have seen they have been pretty darn consistent and on the money thus far.  The proof is in the pudding, so I am curious to see if the trades posted do in fact live up to the numbers stated or not, and whether or not they have been posted in real time.      

I agree that 5% daily is absurd and I thought that when he posted that the first time that it was a joke.  I am seeing now that he was serious.  You couldn't pay me enough money to convince me to send funds to some island off the coast of Africa.  I also get the feeling that if he is sincere (read: naive) that something very unpleasant will arrive soon enough in this wonderful new experience of his.  Seems like some sort of pyramid ponzi scenario where the first in to be using this algo get the winnings and it gets dilutes further and further down the chain until the whole thing blows up.  Logic dictates that as more and more people try to use a functional system, that the entries and exits become more and more difficult to time. 

Or maybe he has stumbled on something legit and generous and all of us are too damn cynical and jaded to even consider the possibility of something like this existing.  Unlikely, but not impossible.  The 'tell' for me is the fact that you have to mention that this guy was who got you to open the account.  Free is free.  Everything else is not.