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retail trading and gambling are almost identical. What marks the difference is the luck factor which is unquestioned in gambling but denied or misinterpreted in trading. Now if you just could admit that you are gambling when trading and apply the appropriate approach you would have much higher...

Dear SSI, now please tell where is the top in the AUD? Thank you

More blood and sweat than money in the markets. Start from there before considering consulting to a topic that you did not master:)

buddy why don't you swap over to Phuket?

if you would prefer to get negative slippage instead of positive then just omit the limit for your entry stop:p joke aside your entry is not good that's all, nobody ever will complain about positive slippage. You are apparently a (too) safe player or perfectionist while both approaches...

There is actually only one thing to be said and that is keep your fingers off the ES because you cannot afford to trade it. In your initial post you have declared being undercapitalized and thats even an understatement with 2k in the account. You have to trade the market and not the...

MightyOne is very right:)

The hardest but most valuable thing in trading is the ability to reverse your position. If you have learned to distinguish trend from congestion it does not matter whether the market goes into your direction or the other side but you know that it will move and you gonna be on board regardless...

We trade Forex (managed accounts + our own companies funds). I have set up a trading desk with prime brokerage and an institutional platform to execute.

Hi guys, I am looking for 2 - 3 experienced traders already living in Thailand or willing to relocate. Details after your questions. Thx, Pita

Why not simply say what it is and that's there is no BB on this graph/chart. :p

Averaging up/down takes a proper exit plan. The sample with the stock moving from 90,100,110 to 120 and averaging up is as stupid (unless it is a daytrade not held over night) as averaging down without a predetermined price where you give up on the complete trade (Having determined an...

Hot thread, hehehe. Off/On topic I have set up a trading desk with forex prime brokerage and am looking for 3 or 4 traders with experience in currency trading willed to move to Phuket/Bangkok and help me to expand further. PS: in the evenings you can check out for yourself that there is...

Very good point.

of course it is working. Take seasonal, corellation and/or other fundamental studies to create an entry time window and then wait for a confirming chart signal/pattern to finally enter the spread. How otherwise would you be able to manage those trades effectively? Energies nevertheless are not...

Good enough, lets say that.:p

How can you know that? There are probably many winning trades where he averaged down as well first and that assumingly is the reason why he cannot stop doing it. Entries are bad I guess. Inability to accept being wrong and accordingly no proper risk planning in terms of position- and account...

since this post was critisized I do fully agree and second every point mentioned as true and valuable. Buy low and sell high however is not on my list unless I consider an investment.

First of all what you describe is showing that you are already very advanced and questioning trading in your situation is definitely the wrong advise. You are already miles ahead of the very majority posting on this forum. Your problem is that you are too fearful. Security is probably your most...

1. What's more important for a winner - Love or the power to Hate? 2. Does an inflated ego create a winning trader or is it the other way around? 3. In the military do you agree that polishing shoes was one of the most remarkable lessons? 4. I can trade a ?k account to ?k within 3...