We all know this is risky and some people are thinking it might blow some day. Today i was thinking about an idea.
Follow Silent at 0.1 risk, meaning if he enters a 0.1 lot for a 1k account, followers get 0.01 lot.
This way, the maximum a follower can lose is 10%. And also your returns will be 10 times lesser than his returns. Still the numbers are awesome. Consider this as the following
Would you follow a trader who gives you more than 50% per month and the DD is assured less than or equal to 10%?
Its more than you can expect. Then it is silent. Go for it.
an example.
say follower A is following Silent with 1k at 0.1 risk.
Silent gives 700% in the first month (he actually did in the first month)
A will get 70% profit as he is taking 0.1% of risk. so the total will be 1700.
Next month Silent gets 500, now follower A's total capital is 1700+1350=3050.
Say next month Silent account blows, that means 100% loss (not wishing for, just taking as an example, dont think me wrong)
Follower gets only 10% loss, i.e 10% of 3050=305. So the total capital will be 2745. which is still a lot for a capital of 1k.
If you had followed at 1x and not withdrawn anything, you would have lost it all. including your investment 1k.
I know you can think why should we do all this why cant we just take 1x risk. You can do that, but can you do that with a 10k amount or bigger than that? Mind losing 10k or just 1k for a guy like silent? Decision is yours.
If you can go with 1x risk, this approach is not for you
. Ignore this post.am not sure if what i said makes any sense. Comments welcome.
And Silent, wishing you best of luck. Hope you will achieve your target sooner than expected and make all the followers happy and especially Nick.
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