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Free margin increases as unrealised gain increases. In theory this is endless but in reality all trends stall and weaken, that's when the profit comes out.

Only true in theory. As private retail traders collectively deploy such limited funds, this is a ludicrous conclusion.

Nevertheless, these are mistakes they seem to have made. These are mistakes we all know/ should know not to make. No doubt they made others too.

I have been watching Christopher Lewis's weekly TA summaries on forex and indices etc. on FXEmpire.com for a couple of years. They're very quick (around 1 minute each, nice) and just as a confirmation of my own trend TA very helpful.

Nice thread. I'd never heard of Amaranth before though LCTM is always the text-book case. Sounds like they made every critical mistake they possibly could - over-leveraging following a big star trader buying into a trendless market no stop-loss doubling down on a loser trusting in rational...

All my trades are with-trend but I accept I have no way of knowing which will turn out to be extended with high % price change. So when entering any such trade I set another equally sized ahead of price. The aim is to keep adding trades ad infinitum until the trend severely weakens. All...

Like I suggested, I'm in no position to prove this one way or the other. But the overwhelming majority of the world's scientists think one thing, and you think the opposite. I'm going to go with them for now. Cheers.

I have no beliefs as such, in that I cannot weight the evidence, nor can I do my own research into climate change and its causes, nor can I examine and assess all the scientific evidence pro and con. However, I am prepared to believe the consensus opinion from the scientific community. If you...

Despite the well worded critique from misterkel, the scientific community is virtually unanimous that human activity is causing global warming. My view is that the scientists know most about this and I can't argue with the overall weight of their evidence. Putting up one or two contrary...

The world is full of honest people. And lawyers.

And that's exactly my point - no trader knows it all. I've been doing some successful trading but can say I have definitely learned to trade better in proportion to my opening up about what I'm doing. Other traders come back and I don;t know how successful they are if at all but they do bring a...

If you're in a low liquidity environment, that's a really good reason to keep your cards close to your chest. I would only do the same.

Well that's just ignorant isnit?

If the successful trader wishes to keep his strategy secret, then he obviously won't be teaching it to anyone else. And if he doesn't disclose at least some parts of it, he won't be getting the benefit of other successful traders' criticisms and suggestions that might improve his performance...

How would a trader revealing their strategy damage their personal returns? I've never understood this argument.

Thank you Matt, I'm sure this is the voice of reason. There is a belief amongst a vocal group of traders that the world's exchanges, indices and state regulators are run and manipulated solely to take money away from private retail traders. Whereas I believe we are simply invisible on that scale.

Don't think I've got time to list all the wrong things I've done in trading. Plus, some of them were not wrong to try, else I wouldn't have known they were wrong for me personally.

It is possible to be profitable from a very early stage. I would advise multi-day trend-following for a new trader. Don't jump straight in to any form of day-trading with a live account. I have posted my trend-following set-up, can't remember if it was this forum or another but I use some of the...

To be comfortable with this tactic, within a trend-following strategy, you have to accept that retrace stops don't matter. What I mean is that lost capital is vitally important but lost unrealised gain is not the same thing and is worth exchanging for a chance of excess profits if the trend...

Yes, you could use trailing stops.