Search results

  1. P

    If you lost money trading in 2016 here is my xmas gift to you

    This is going to be short and sweet. I will lay it out in 10 posts and why this and nothing else will work for 90%+ people. I am a trader and I fully expect people to troll the hell out of this thread. Do I trade like this? No. but is a component in price I watch for and in addition I am not...
  2. P

    Do narcissists make good traders?

    Narcissism covers a wide spectrum of behaviours. I dont mind admitting that I have some narcissitic traits, personally I believe narcissistic behaviour is much more prevalent than the experts tell us and its on the rise. Some of the nuances of narcissism can help the trader but many of them...
  3. P

    Successful trader's personality

    an interesting post and I partly agree. The best I have seen do have big egos and self confidence but don't show it openly, they prove it with the PnL. I also think a lot of this 'zen' is BS, winners have a very different mindset. I will give an example. A true winner in the market will often...
  4. P

    Recommend to trade for a living ?

    Just an observation but when you say 'look around' do you mean on trading forums and social media. If so you will rarely find anyone admit to being a losing trader. The majority of traders at these venues claim to be consistently profitable. My own view is that the vast majority of them are not...
  5. P

    Looking for the Grey Area Trading peoples Money

    Gotta love trading forums. Lol
  6. P

    Recommend to trade for a living ?

    Seriously I don't understand and I have been trading a long time. The brokers I use cannot change exchange market data prices apart from one dealer based broker for spread betting. I have never once had an issue with price.
  7. P

    Looking for the Grey Area Trading peoples Money

    He is broke, read his OP he is looking for start up costs. I told you I work in the industry. Compliance consultants will charge £25k to set up a basic collective vehicle.
  8. P

    Recommend to trade for a living ?

    Which brokers are cheating? Not the brokers I have used.
  9. P

    Looking for the Grey Area Trading peoples Money

    The OP said he needed the money to get it off the ground. This implies start up expenses. Nothing wrong with trading OPM (I work in the industry). I am just saying when you start managing OPM and set up the vehicle you will be expected to have some money not be flat broke. If someone is a...
  10. P

    Looking for the Grey Area Trading peoples Money

    You have been trading for 4 years and are 'very good' and you need funding to get it off the ground? This doesn't wash, if you are very good you would have been able to have banked plenty of profits for the last 4 years.
  11. P

    UK Spreadbet firms to be investigated by the FCA

    fo sure nothing is cut and dry in trading.
  12. P

    UK Spreadbet firms to be investigated by the FCA

    I think it depends on the strategy. My main strategy targets taking out the bulk of the average daily range as profit and typical stop will be 1/3rd of ADR, that doesn't mean I am shit or bust, I get out when I think I am wrong. I do see evidence in price of traders playing strategies without...
  13. P

    UK Spreadbet firms to be investigated by the FCA

    the largest CFD and spreadbet provider IG have contacted customers. they have said the FCA are proposing to cut leverage to 50:1 for FX for traders who have more than 12 months 'experience'. The insane leverage available may be getting trimmed. 50:1 is still more than enough for any trader using...
  14. P

    Trading FOREX at home and winning big!

    not having to trade at any given time is an advantage over some of the larger participants. Yes losing retail traders will typically over trade, go off plan and become the markets emotional bitch. GL.
  15. P

    Trading FOREX at home and winning big!

    trust me thats horsecrap. You can get retail trades up to 5m and higher executed superbly at IB, LMAX, Duka. Futures FX liquidity is thin for a reason.
  16. P

    Trading FOREX at home and winning big!

    alright 777, I have been around the blocks. The two main advantages you have over the larger market participants are: (i) you dont have to trade at any given time and can be very selective. MMs and banks generally have to trade. (ii) you are trading such small size that you are able to secure...
  17. P

    Self Sabotage for traders

    the few winning traders i know dont self sabotage themselves. Sure they take losses but they believe in themselves, they trust themselves to protect their account.
  18. P

    Self Sabotage for traders

    Call it what you want but most people cannot stick to their own plan. The winning traders I know (and I don't know many) do not try to be disciplined and stay on plan. They don't show any outward signs of frustration following a plan. They simply follow it and refine their edge. 90%+ of...
  19. P

    sclapers GET SCALPED

    its ok to not know what you are doing it the shitting on the whole forum that annoys people.
  20. P

    sclapers GET SCALPED

    Trade Education Buyer you are everything I hate about trading forums. Pure mental illness which should be insta banned. Trading is the wrong profession for you. Get a job.
Back
Top