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Its a v. long journal . so if you can write it here :)

Where is your stop B1S2 ?? Thanks.

Best comment so far simply because its giving you a well documented story about very successful traders. Read this book: "Way of the Turtle" from Curtis Faith.

No you are not professional. You will be considered a professional if you work for a financial institution, or you operate through a LLC/LP. If you are operating as a private individual trader, you are not a professional. All the above is true but there is one point that you should cross...

Update for week 3 ending Aug 20, 2011 : 3rd consecutive losing week. Lost 160$ for the week - so dollar wise, it was the smallest loss for the last three weeks: 1st wk being 4k, 2nd wk being 2k and 3rd being 160$. However, I am dangerously close to falling under 2000$ minimum trading...

Thanks HB for taking the time to explain the reasons and thought process behind your decision. I completely empathize with you especially having two kids and a much more intense job and managing markets along with that. Basically, time you will be able to devote to market going forward will be...

Best of Luck for your future HuggieBear! Just wondering what life changes have really forced you to stop your trading - an endeavor on which you worked so hard for so many years!

HFstartup if you can please give more details of some numbers and calc. methodology, it will be much easier to explain the mathematical reasoning behind it. Thanks

Highly improbably that other jurisdictions will be able to enforce anything. only places which have a chance is probably UK which might be able to enforce something against fxcm. Happy customer etc. is fine - but the bottomline is these guys just got fined 2 million dollars :))))) They are a...

yes, the random choosing makes it all the different. Not saying this product is going to be a hit one, but some of the best innovations have happened as a result of serendipity or mindless ramblings of learned men! :cool:

Exotics, Exotics - chooser -- hedge your deltas and play cross-gammas :) hahaha ...Good example Martin.

Update for week 2 ending Aug 13, 2011 : Biggest losing trade was the massive drop in crude oil, which caused me to lose 2k (40% drop) on Monday. I could trade only one contract because of small margin, and so I couldn't average in and make money on so many small rallies that happened within...

Thanks Shortie, yes even though vol is sticky, but vix should be dropping by now. Does anyone has an explanation for this ?

If you are referring to me, yes I managed to eek out a profit from that one. Cheers

There was some talk of a hf selling swisse today in the interbank mkt. Maybe that alongwith pegging to euro talk has caused massive short covering rally now. With the hindsight, Looking at the price action, the whole day swiss franc was basing for a breakout to the upside. Does this imply a...

It was hell of a ride - but finally out with an eek of profit on this trade. What caused this sudden selling of franc ? Any one knows.

1. Maybe you are correct, but a short term bounce 'has to happen'. It has gone parabolic - on daily charts, weekly charts. There has to be atleast some kind of bounce before down trend begins again. 2. People said same thing for eurusd when it reached 1.20 that it is going to parity, and I...

I hope I am witnessing capitulation in eurchf before my eyes. If this is not capitulation, what is !!! I also hope that barrier writers would buy tons of eurchf to defend 1.0000 barrier options they would have sold !!!

yes provide details. what size, entered where, profit booked ? then it will make it more interesting.

yes :) probably i should have entered half size. Remember from a week ago, i was going long e/c around 1.08/9 and it seemed v. good price....had cut loss then also before SNB intervened. e/c has caused me to lose a lot in 2 weeks. I hope GoC call will bring good luck to me this time.