It would be nice to get a reply from someone who is actually at level 2 so we all could get some clarification. I guess I will have to personally call some of the traders to get more definitive answers. I also asked to see Maverick's financial ...

Maverick Trading

I think we are getting our terminology mixed up. It appears to me that Maverick uses the term "Capital Contribution" when referring to the funds that they will give a trader. Maverick referrs to "Risk Capital" as the funds that you put into the ...

Maverick Trading

He means that the traders don't get any of Maverick's Capital until they make it to level 2. The only thing a trader gets when he deposits his 2K risk capital is 50:1 leverage on that 2K. Once a trader successfully makes it to level 2, that is when ...

Maverick Trading

Jon said that there is no capital contribution at level 1. The trader only gets leverage on the 2K of the traders' risk capital. So you are saying that the company gave you 5K of capital at level 1? If so, it appears that they are not doing it that ...

Maverick Trading

Answers — Ok everyone. Jon was kind enough to answer all of my questions. I will post them below. I am very impressed with how he responded, but a little nervous that they are not registered with CFTC or NFA. What recource would people have if ...

Maverick Trading

Ok, I forwarded all my questions along with some additional questions to Jon at Maverick. Hopefully I will hear back from him soon and let you know what he says.

Maverick Trading

Answers — Does anyone have the answers to the questions I asked above or will I need to forward them directly to Jon at Maverick?

Maverick Trading

Questions — 1. Where do they obtain the capital to give to individual traders? Is it individual accounts setup under one master account? 2. What happens when individual investors want to pull their funds out of the market? Will their funds be ...

Maverick Trading

You know what? That's ok. I'm not perfect either. I don't know anyone who has been successful the first time around in this market. Just keep with it. I'm sure you will make things work for you. Good Trading to you.

Zen Trading - $30 to $50,000 by 1 August 2010

Update — I have spent the past week or so going over more PA and candle formations to familiarize myself more with what I need to do. I am excited that things are starting to click for me. I am ready to start posting my trading again. I will ...

Naked and Blind Trading

Any Capital Traders? — Are there any traders who are trading Maverick's Capital that is following this thread? If so, can you send me a PM. I would like to ask you a few quesitons if you have time. Thanks.

Maverick Trading

Do you really have to ask? He stopped posting 2 days after he started. He probably blew up his account many times over trying to use too much leverage to get unrealistic returns.

Zen Trading - $30 to $50,000 by 1 August 2010

AUD/USD — I was correct on my analysis from yesterday. If I had take the trade as described, I would be positive by about 65 pips as of right now. Since I didn't place the entry order, the trade doesn't count.

Naked and Blind Trading

Almost stopped out — GBP/USD trade was about 3 pips from getting stopped out as a loss. Trade was manually closed as soon as I got to my computer a few minutes ago at 1.5905 for a loss. Trade was closed since swing high didn't hold up. I made ...

Naked and Blind Trading

Possible Trades — EUR/CHF is showing a BEOB, and BEEB. I will consider going short on this pair tomorrow if I have confirmation that the swing high price created on 10/4 holds. There is a Mild PPZ at 1.3465 where the swing high is located. ...

Naked and Blind Trading

Another IB — Ok, so my trade is still open and viable. Today posted an IB which continues to strengthen my position direction. Price is exhausing on the daily uptrend. I feel a little more confident that this trade will come out positive. For ...

Naked and Blind Trading

Candlestick formations — I am trying to study candlestick formations as much as possible since these formations are what will be giving me my trading signals instead of using indicators. I will be watching closely to determine which ones are ...

Naked and Blind Trading

Tempted to look at charts — I am tempted to watch the charts and see how my trade is doing, but every time I get ready to open the chart and look at it, I feel all kinds of anxiety. My rule is to not look at the chart until the candle prints, ...

Naked and Blind Trading

Trade #1 Short GBP/USD — First trade is short GBP/USD at 1.5813. Stop is above the swing high from 9/29 @ 1.5937. Short entry is taken because there was a BEOB on 9/28, an IB on 9/29 that closed lower then previous day, another BEOB on 9/30 ...

Naked and Blind Trading