Search results

Yep. Can't spend the money they've got. But they love the lottery.

Any indications of how much trading by e.g. his bank, Deutsche, is at their discretion? i.e. how much of their capital deployed is in trades DB select and how much as directed by their clients?

paul, you're a naughty naughty boy.

Wikipedia - Top 10 currency traders % of overall volume, May 2016 Rank Name Market share 1 Citi 12.9 % 2 JP Morgan 8.8% 3 UBS 8.8% 4 Deutsche Bank 7.9% 5 Bank of America Merrill Lynch 6.4% 6 Barclays 5.7% 7 Goldman Sachs 4.7% 8 HSBC 4.6% 9 XTX Markets 3.9% 10 Morgan Stanley 3.2%...

Sad. I guess it was his time.

I'd be afraid they would want to "help" me. I don't need their help.

I am supportive of any religious group that helps the weak, needy and poor. But firstly, its not necessary to belong to a religion in order to help the weak, needy and poor. Secondly, when a religious group does help the weak, needy and poor, there is inevitably a bias within their efforts...

No. I would be happy to have say 20 positions open on one index or forex pair and no other trading on-going, though its unlikely to ever happen. With the stop on all trades set at one "grid" below the last trade's entry, 18 would close in profit, one in a small loss and one break even. The r:r...

Yes. I trade off the dailies only and also use the weeklies for gauging set-ups. Never open a chart labelled with hours or minutes (or ticks).

You've got an advantage over me if you do that. Trading exotics long-term, with a stop-loss 2 ATR's from entry would cost me a big bite of the account. Shame though.

You're in a class of your own Xela. :thumbsup:

Yes, the stuff you list are data, and the primary source for data is always least lagging and best quality. But secondary data (price:EMA's over time) can be turned into metadata which allows two different trends on two different charts to be compared at least somewhat objectively. This is how...

According to research quoted fairly often by Ben Shapiro, there are 3 steps to ensuring you will be poor and will remain poor in the US - 1 - don't get a job 2 - become a single parent 3 - drop out of high school He quotes that 98% of people who don't do these 3 things go on to improve their...

OK, happy to come back to you on these points. First off, I don't scale in, I add. The first trade is to the full amount my risk plan allows: for many people this will be 2% of capital. So my first trade has a stop risking 2% of capital: the ones that follow are all of this same size. The...

They're useful (not essential) as a yardstick in gauging one trend against another. So e.g. you can tally how many consecutive weekly bars have been unbroken by the 50EMA, how many consecutive weekly closes have been above the 50EMA, how many weekly H/L/C's have been above the 50EMA in the last...

Well done. Profit is the only metric that really counts. The losing trades arising from following your strategy rules are not bad luck or errors, they are baked in by your strategy so if you followed your own rules just forget them and focus on the winners. In this regard, profit can be...

Exits are the most interesting problem in trading. As they say, its the exits that make the money, so random exits mean random profit. Its my tactic to never leave a trade while its still trending. In fact, I pyramid all the trending positions as soon as they make a profit equal to my initial...

I'd forgotten this one. Thank you.

All true. Many retail traders take the view that only a successful trader can teach trading. But they also complain that a teacher with a strong trading history shouldn't need to teach trading if they really are such a good trader. I think this ambivalent attitude says more about trader egos...

I'd love to understand how they managed it. Quite an achievement.