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Finally some movement
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Free registration at the forum removes this block.I get that thought process actually, although your margin is your stop I'm playing around with wider stops which works. But I've margined too many account using no stops. It work well for a while but then BAM Although if you use super low leverage you can ride a lot of things out.Yeah no. I don't do stops... I have done immensely better without them. Even if I get stuck in trades
Yeah no. I don't do stops... I have done immensely better without them. Even if I get stuck in trades
Not yet. I do want to look at other trading I just haven't had time.
Not to brag. But I said this on December 29, 2014. See how the economy in the USA and the EUR/USD have gone since then???I haven't put any analysis in to that. All I know is when the federal reserve have cut the bond buying people started after a while to put trust in the USD again. And USD have become stronger and stronger.
So, I guess, I am more of a fundamental analysis guy.
Why anyway wants to guess how the market are going to go on a daily basis is beyond me.
Not to brag. But I said this on December 29, 2014. See how the economy in the USA and the EUR/USD have gone since then???
EUR/USD then: 1.2180564678
EUR/USD now: 1,07245
I really don't see why more people look for long term trading. Sure I could have sold the USD at 7,4. But if I had gone in on December 29. I could have made some good profits up to now. With EUR/USD.
Why anyway wants to guess how the market are going to go on a daily basis is beyond me. All you need to do is go with the flow. If there there seems to be any. And it was loud and clear with the USA economy. Jobs where getting better and the federal reserve was cutting the bond buying.
All it takes is one trade. Watch the trade for say 15 minutes a day. Then, you can do what the F*ck you want with the rest of your time. But of course. The market conditions are not always like this. Or I mean. How it was. Because I am pretty sure things are going to change now. And it will probably get harder to see these kind of insane long term spikes on a currency against another.
But if you trade the "day candles sticks". Aren't you then trading daily and guesses how the market goes on a daily basis? Maybe you were sarcastic? Or I am missing something here?I agree so much! Day trading is a one way journey to an empty account. I like trading the day candles sticks and above.
If you can time all that. Then you will of course make more money than someone who just sit with a trade for 2 months and then closes it. But you will sit glued to a computer screen much more I guess too. I rather work like 15 minutes a day. Checking trades and make 2000 pips a month. Than to work 4-8 hours a day and make 3000 pips a month. Just me though.Another reason for short term trading is the compounding effect. I shorted 100k of EUR and GBP in May, had I held it all the way to the lows I would have made $60000 give or take but instead I would short take profits, wait for another large move, increase bet short, take profit, increase bet short, take profit , repeat, in an endless money making cycle avoiding pullbacks and mental stress and the agony of watching position go heavily against me.
I don't agree with this. Had I got an investor that could put in maybe $50 million. Then I/we had made $7,280,300 from December 29, 2014. To yesterdays exchange rate. That would be around a week from a 4 months holding time. With a return on investment of 14.5606%. According to my calculations by using a profit calculator. But I'm not sure they include broker fees? So maybe $10,000 deduction for broker fee?Long term trading becomes investing and investing will never yield fastlane type money unless you invested in an apple, google or Microsoft before anyone heard of them, unless you are levered and in that case you will most likely get wiped out due to the long holding time and exposure to timing risk.
If you can time all that. Then you will of course make more money than someone who just sit with a trade for 2 months and then closes it. But you will sit glued to a computer screen much more I guess too. I rather work like 15 minutes a day. Checking trades and make 2000 pips a month. Than to work 4-8 hours a day and make 3000 pips a month. Just me though.
I don't agree with this. Had I got an investor that could put in maybe $50 million. Then I/we had made $7,280,300 from December 29, 2014. To yesterdays exchange rate. That would be around a week from a 4 months holding time. With a return on investment of 14.5606%. According to my calculations by using a profit calculator. But I'm not sure they include broker fees? So maybe $10,000 deduction for broker fee?
But I guess. You maybe mean long term. As in several years? Yes. Then it's hard to trade currency pairs that way. But a couple months could be very profitable in my opinion. If you got some capital and knows what you are doing.
How successful are you?? Just wondering. Nah. I am not that successful. But I will be. So it doesn't F*cking matters.You talk a lot on this forum. How successful are you in real life? Not trying to come off as a dick.
How successful are you?? Just wondering. Nah. I am not that successful. But I will be. So it doesn't F*cking matters.
And what do you mean with "talk a lot"? I have around 300 posts since 2011.
Had to edit my post. To what I really feel like it should be like.
How successful are you?? Just wondering. Nah. I am not that successful. But I will be. So it doesn't F*cking matters.
And what do you mean with "talk a lot"? I have around 300 posts since 2011.
Had to edit my post. To what I really feel like it should be like.
The reason for day trading over swing trading or position trading, is because you can have more of a salary. It's not a guaranteed 9-5er slave worker salary, but your "average" daily profits can add up to for example $1000 per day to a fixed amount, if you learn to be consistent (which most people don't ever become for several reasons.) At the same time compounding means that as your account size grows, the risk you can accept becomes larger, and therefore your expected returns do as well. When you swing trade, position trade or buy and hold for the long term, you don't have any sort of salary so to speak.
On top of this as another person said, when you don't have thousands of dollars on the line, it's much easier to sleep at night. Also a strategy has to suit a person personality. Some people will never be successful at day trading, but when they don't have to look at the screen all the time they will thrive due to their patience. Other's will be successful in the short term taking profits quickly, due to extreme discipline (like myself), but in the long term they will want to take profits to fast and swing trading just won't work for them due to the fact you must let profits run for days weeks or months.
And yes I am a full time professional trader with 12 years experience so I am not just pulling this out of my @ss like some people here who have no experience and are just regurgitating what they read online.
Technically yeah. Unless a snb Move happens haha. I am at very low leverage. Stops are for sissies lol. Just kidding, but I don't like them...
Nah. I don't feel it's my thing. Morally. I think it's too rigged for me. I wouldn't feel good knowing how many people lose their money.I mean that you seem like you know all the right things to say, but do you take any action? If you're so positive you know how currencies will perform then you would have to be a dumb a$$ to not invest.
What do you mean, trading is simple? Do you mean trading is simple but making money is hard?My problem with you is that you seem to be all talk. You talk about trading as if it is easy, yet you have no money on the line. Trading is simple, not easy.
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