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    Finding an Edge

    Absolutely everybody in trading needs to be some sort of a quant? (I'm not a price action reader either, I just see trends and ride them)
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    Finding an Edge

    CTA's I'm not at all familiar with so I can't automatically draw what my performance will be from what their performance has been. I'm just a private retail trader but certainly not subject to the influences and pressures affecting CTA performance. I certainly will never have enough capital to...
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    Polythiests: How to god?

    Are you literally talking about divine entities with supra-normal powers? Or is "gods" some market slang for a mentor or coach or investor or something?
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    how to NOT take responsibilty

    Some regulatory jurisdictions have a restriction on brokers charging you for the losses beyond your original deposit, this is called negative equity protection. Check your broker and their regulator to see if this is in place for your account.
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    Finding an Edge

    Reverse the trade sounds aggressive, I never do it. Surely you'll agree there are only a handful of things that price in an uptrend can do next and the least likely is for it to move instantly into a downtrend.
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    Which instruments do you use to trade forex? Futures, CFDs or leveraged FX?

    Anyone reading this in the UK, don't ignore spreadbetting. Well regulated, low capital requirements, small position sizes available, broad range of markets accessible, no tax on profits. Just don't try to use it for scalping.
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    Finding an Edge

    I've never looked at CTA performances, I'm not sure how comparable their trading is to mine. But do you mean CTA's found that prices don't trend at all, or just that they do trend but they made a loss by following the trends?
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    Finding an Edge

    I seriously recommend reading as few books as possible on trading. I'd suggest one book on each of the following - chart patterns - Thomas Bulkowski / John Murphy candlestick patterns - Thomas Bulkowski / Steve Nison trading psychology - Mark Douglas example strategies - Linda Bradford Raschke...
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    Finding an Edge

    Haven't read any Brooks or Volman. I have read stuff by Michael Covel and Mark Fisher that seriously promotes trend-following. Youtube clips etc., by Alpesh Patel and Rayner Teo. But there must be dozens of others.
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    Finding an Edge

    See what price does and do the same. When its going up be long, when its going down be short. Get out when it isn't doing either. Having your trades follow price will also mean you are doing the contrary to most losing amateur traders, who look to profit by shorting against uptrends and buying...
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    What are the most conflicting things you've heard from ET?

    Call me cynical but I see a lot of trading hangers-on who are all competing for either business or at least attention, so they have to sound different to each other. Great way to drag people to your website / article / ebook / training course etc. is to put up a headline like, "Trend/Day/Swing...
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    What are the most conflicting things you've heard from ET?

    Its always white wine.
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    How much income do you need from trading?

    I like this. Maybe we all day-dream about having many cars and houses in different countries, and fast boats. But how do you keep track of all those keys? Imagine how peeved it would feel to land up at your Gold Coast beach-side bungalow and then find your Ferrari keys are still back in Dubai...
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    Trading for a living & taxes in EU

    Some good points of course. But England's still the best country to live in.
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    Trading for a living & taxes in EU

    Suffice to say when I'm hiking on Dartmoor I am respectful of the pixies.
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    Trading for a living & taxes in EU

    Anyway, if you're too depressed to trade because of the horrible place you live in, what's the point?
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    Trading for a living & taxes in EU

    Countries with strictest financial regulators and consumer-favourable legal systems significantly reduce risk. Flexible and large financial sectors mean more choice between brokers, less risk of a cartel operation and hopefully more financially sound firms in these markets so less risk of your...
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    The very BEST trading advice you have ever had.

    Trade what you see, not what you think.
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    Trading for a living & taxes in EU

    Not wishing to spoil the fun here but I can't help thinking that selecting a country of residence based on low taxation is letting the tail wag the dog. Isn't it better to live in the country that helps you to make most money? So you have a bigger pie rather than focus on giving away a smaller...
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    How much income do you need from trading?

    Enough income is absolutely never enough income. However, if you can make enough to pay all the unavoidable non-discretionary bills, that's a huge step towards a happy life.
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