Recent content by mogul

This is not for IB but interest rates should be similar: http://fxtrade.oanda.com/account/interest-calculator USD/MXN is a good carry trade as a SHORT, so your long trade would understandably cost significant interest.

That would be the a logical next step in retail evolution, but how does it account for stores e.g. Apple that keep popping up in more and more places (and expensive locales often with significant development costs). Apple may be a niche player, but if they are able to turn out a profit with...

Nitro, nice place indeed. I am walking distance to the Gardens. The evening hours now until 9pm are great, not much of a crowd and the lights come on.

A couple of things I noticed: 1. You are most likely overtrading with an average of 10 trades per day on the 5 min. Try to limit this down to 3-4 per day, concentrating on the very best setups. If you analyzed a log of 100+ trades, you'd be amazed at how much small losses add up trying to...

I routinely experience 20 losses in a row (or more frequently, a 20 loss drawdown). I set my pain level at a 50 net loss drawdown, so I have some room to breath. However, this is because of trading multiple instruments simultaneously that may have losses across the board (currencies that...

Are you serious? So the average investor should instead spend time and effort and possibly financial advisor fees to try to pick the top hedge funds to invest in (of which the overwhelming majority don't outperform even the s&p500.) And to top it off, once you are underwater, the fund...

Yes, the second and possibly 3rd trade would still be in at 793. It's not the easiest way to trade, and you do have an argument for smaller more consistent profits. I traded this way on the ER2 a few years ago, which would have monster moves now and then. I also held overnight, where it...

Good luck to you in this journal. One note: I have traded similar to this way (trend retracement trading), and found that in order to be profitable in the long run you have to sit on those trades. Move the stops up to under the swing lows, and you would still be in 3 of those trades at the...

I second that. Your base salary is nothing to be unhappy about. If you really want to make the swicth, finish that PhD you started (assuming it's in math or theoretical physics), that would be the base level. An Ms in Finance will get you nowhere.

As long as they leave Chicago speculators out of it, it's ok :)

For what you get for the money (still despite the correcton), you might as well do your daytrading in Bahamas or Costa Rica and take advantage of the expat tax advantage. Miami is just as third world (possibly more) than those places anyway. btw, I've lived in Miami (south beach) since 1994.

Chuck Norris scalps the old fashioned way: with a tomahawk.

Chuck Norris once came upon a black swan and promptly roundhouse kicked it in the face. Now there are only white swans. Unless you are on the other side of one of Chuck's trades. Then Chuck Norris is your black swan. Corrollary: A black swan once came upon Chuck Norris and got the shit...

When the market goes lock limit down, Chuck Norris is still selling. Chuck doesn't have limits.

Chuck Norris doesn't sell options, he gives options: your money or a roundhouse kick to the face.