Search results

  1. A

    Yesss keep cutting those rates...Bank of England cuts rates to 0.25%

    Mark Carney has been a Central Banker for near enough 10 years now and he's never raised rates once. I wouldn't be surprised if some of the CB jackasses are thinking about abolishing rates altogether. I'm sure if they adjust their models enough the models will say that's fine.
  2. A

    Am I my own worst enemy?

    This guy is running a trading psychology course sometime in August, cost $30. He's written a few books and seems to be getting a pretty good name for himself. Some people might want to check it out - http://tradingcomposure.com/
  3. A

    Am I my own worst enemy?

    That's my point. You don't need any psychological help because you have full trust in your method. Work on finding a similar edge for the markets, obviously it can't be as precise, and you will again need no psychological help. No trust in your method/strategy = you need help with psychology...
  4. A

    Am I my own worst enemy?

    The Casino analogy may seem silly but the concept is correct - if you do not have a deep seated trust in your method/strategy/edge then all the psychological help in the world will not do you too much good as deep down you know you're blagging. We can trick the mind a lot of the time but not...
  5. A

    Am I my own worst enemy?

    I believe it is as simple as that (for discretionary traders). But to get to simple in this game is normally always very hard. Good traders don't worry about their losses because they know their strategy will make money overtime. Good/great sports teams don't worry about being down at half...
  6. A

    Am I my own worst enemy?

    Why do Casino owners take every trade (bet placed on the table)? Because they have full confidence in their strategy. They know it's just a game of numbers and they have the edge whether they win or lose today or even this week/month. Ever heard of seminars/books/blogs to help casino owners...
  7. A

    Musk's Master Plan

    The batteries charged up via solar for your home is an excellent idea, but not Musk's, other people are already selling the concept. I'm going to give the market 2-3 years to settle down and then am defiantly going to head this way for my home. Power cuts will be a thing of the past (assuming...
  8. A

    How to bring Hangland to its knees?

    As to your question, you can't bring a country down legally. But if you want to bring it down illegally then just figure out a way to stop the TV and internet being broadcast, then you'd have the politicians begging for your help as the population would probably start to riot within 24-48...
  9. A

    My goal is to make at least 30% per month

    Thanks Jack. But assume a trader is just trading stocks or FX, standard longs and shorts (not options etc), but is really nailing it, raking in the cash. Would a broker like IB take notice and then start tracking his trades for its own account? Thanks
  10. A

    My goal is to make at least 30% per month

    Just out of interest, and in regards the broker IB. If Mars can do as he says, would IB pick up on his excellent trading skills and then copy them? Or is a broker not allowed to piggyback his clients? I'm not saying they would front run his orders (but I'm sure some brokers do) but perhaps tag...
  11. A

    My goal is to make at least 30% per month

    But will the market let you do what you want to do? Or will the market let you do what you want to do at the price you think you can do it?
  12. A

    Nice, France = Reap what you Sow.

    9/11 was an attack against the western powers for meddling in the Middle East Holy Lands. If the Japanese were the meddlers they would have been attacked. Nobody seems to want to connect the terrorism towards this point. This is why there is no terrorism in Latin America, in the Far East etc...
  13. A

    IB traders

    If you ask the right person the worst they can say is 'no'. So why not write a nice letter with a proposition to Mr IB himself, Mr Peterffy. Long shot perhaps, but if you're that good a client he at least will take you seriously.
  14. A

    Advice

    You're good for a laugh I'll give you that Smith.
  15. A

    Advice

    Kia, I appreciate what you're saying although I don't really understand it! Best to keep it all very simple. Just focus on areas on the chart where 'everyone wants it' and then a small stop can be used. That brings 2 massive advantages, 1) the small stop as mentioned, and as important 2) the...
  16. A

    Advice

    Didn't take long for the 'you don't trade', or 'you don't make money' lines to come along. You missed one though 'you still live in your Mum's basement'. Think what you like, but this is not about what I do (or don't) it's about what I say - highlighting a serious problem for traders and a way...
  17. A

    Advice

    Sorry but it's none of your business so I'm not posting anything. Focus on what I'm saying, the problem. That is what I'm trying to do here, get people to be better traders and they can do that if they solve the problem.
  18. A

    Advice

    Get near to an average of 4:1 on your winning trades and there are no psychological problems and there never will be. (There might be one though, getting too cocky and spunking money so do something about that problem which may well emerge). The psychological aspect of this game is a load of...
  19. A

    Advice

    Warren Buffet is very relevant for traders to take note of because he solved the problem even though his holding period if often many years. Buffet takes losses, no doubt about that but when he makes he makes huge. That is the problem most traders battle with, their profits are never far larger...
  20. A

    Advice

    If you want any long time success in this business you have to solve one critical problem - your collective profits must be much larger than your collective losses. That question relates to the size of the stop you use. This is why some of the best profiteers in the trading business use the...
Back
Top