Recent content by boskop

"no mistakes"

+1

:confused:

Right, for the last years going long equities proved to be a great rule too!

Right.. what I mean is, once you decide for your stop-loss to be at a certain level, and then put the order there, it should be carved in stone and unless something absolutely special happens, like Big AAPL indicated, it's a no-go to close the position prematurely based on anything price action...

yes, indeed we could, and unfortunately we both could also lose money, which is the other side of the .. magic :D

funny.. your stop is almost where my buy order is at :D -> 86.76

..with the RBNZ on tap tomorrow. Taking 0.5 % risk on a short NZD/USD, with another 0.5 % on a news spike. Let's roll :cool:

If you set a stop-loss, do not close the position without that very stop-loss hit first. I tattoo that one onto my forehead right now. And then I mount a mirror in front of my face so I see it all the time. What rule have you got tattooed on you?

Swing trading should be fine as long as you can trade in 1k units (if you're trading forex). I started with a 5k account and I usually had a maximum effective leverage of 5-8. I was able to swing trade comfortably with stops about 100 pips away (fx markets). If you have 1k available then this...

if he doesn't figure it out in 10 years then better stop or change course completely... break-even in 1-2 years is realistic.

Sounds good. Expect to loose your initial deposit, so make it 1k maximum to start off with. It needs to be a number that hurts to loose, otherwise it's like demo trading. Then see how it goes after you refunded the account with the second k :) Yes, your first goal should be to trade break-even...

fx all the way. spectacular liquidity.

yea, but against CHF and EUR with major, major event risk on thursday? well ok.. might be a trade on the 5 min timeframe :p