User Power
Value/Post Ratio
38%
- Mar 26, 2011
- 538
- 204
- 40
Hehe.Clarify that he was an expert sideliner? I think I got it
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.Hehe.Clarify that he was an expert sideliner? I think I got it
I know it's unconventional thinking. And that's the point. Because what all the systems preaches and all that is "day trading". Trading every day, sometimes with sveral trades a day. While infact you can sort of trade like Warren Buffett in the Forex market too. My goal was to give value. Not make people uneasy in some kind of way.
Yes. It's different for different personality types. Personally, I don't think I am suited to doing many trades a day. At least if I look back on my demo trading days in authum last year. My long-term trades was more profitable.But the timid guy can either give up or create his own strategy, like using 3x leverage and going long over 3 weeks etc. Hell be able to manage his mental state a lot better and have a much higher probability of a winning trade. Whereas if I were to hold a trade longer than 10 days I would be sweating every night, thinking about some statement from some government official somewhere that will ruin my trade.
True or false? Whether I go long or short, price will eventually come back in your direction after weeks or months??
Its just a matter of whether your equity & emotions can withstand the price movements?
True or false? Whether I go long or short, price will eventually come back in your direction after weeks or months??
Its just a matter of whether your equity & emotions can withstand the price movements?
Wasn't sure on making another thread, so I'll just post it in here. I'm interested in algorithmic trading, is there a way to craft a fastlane business out of algorithmic trading? Other than maybe a "Make money using algorithmic trading -- easy!" ebook type deal?
Wasn't sure on making another thread, so I'll just post it in here. I'm interested in algorithmic trading, is there a way to craft a fastlane business out of algorithmic trading? Other than maybe a "Make money using algorithmic trading -- easy!" ebook type deal?
True or false? Whether I go long or short, price will eventually come back in your direction after weeks or months??
Its just a matter of whether your equity & emotions can withstand the price movements?
If you mean HFT, no you don't have a chance.
Your competing against companies which spend billions per year to get the fastest connection possible to the exchange, order flow feeds etc.
If you mean a trading system which executes trades like human would based on a criteria, then yes if its a well devised system that has good risk management you could make money. It will also take all the emotions out of trading if you struggle with that.
No, I dont mean HFT.
who's making that cash baby?
this is my week so far
i was just wondering if there are any here. i didnt see any obvious threads on forex when i skimmed here.
i am studying (still) the currency market and would love to have someone to bounce ideas off.
How has everyone's week been going so far?
dude i remeber this trade when i was 100+ pips flying high, you know it was going up man so fast and it was late.i feel like i break into a candy shop man just eating candies everything clicking.greed kicks in and i woke up -500 pips. i felt so frickin messed up man it almost destroyed my psychology but now i am continuing to progress day by day getting better for sure.I agree, I had a short EUR/USD, I woke upto and it was 70 pips against me, I would have got stopped out if i had my usual 50-75 pip stop or had some fearful response, instead I traded around the position and waited for Eur to fall 100 pips in my favour for a $3000 profit
I could have been -$2100 but instead I profited $3000, a difference of $5100 in my pocket.
When I first started trading I realised more often than not I was right at calling the market direction but usually I was a day or 2 early and would get stopped out.
When I stopped using hard stops it changed my equity curve dramatically.
The only exception is when I am highly leveraged on a short term <12 hour position.
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.
Join Fastlane Insiders.