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Well something like 300 can occur although its usually some ridiculously drastic move (like the CHina Yuan valuation on the yen). However, you have had HUGE moves like 1992 when Soros shorted the pound. Ridiculous move. Moves of 100 pips can be expected during NFP release (you should generally...

Yea you apply Junior year there. But no I am not going to be doing an MBA. Really dont need management degrees to get into S&T or at quant funds. (more for the private equity guys and ibankers). I personally plan on going into trading after completing BA (hopefully in finance/economics and...

I am in high school myself. Been trading for my personal accounts since 12 (fudging a lil 12 and a half was around the exact time ;)). Anyways, it is possible to get solid internships at ibanks and hedge funds out there. Tell him to search around. I personally will be starting work at a quant...

I am going to do some part discretionary trading. Entering a sell stop for GBPUSD at 1.7995 with a stop at 1.8025 when FXDD opens trading. The current support on the major daily timeframe sits at 1.8018-1.8023 while on the intermediate timeframe it sits at around the 1.8015-1.8030. The reversal...

Electric> Nope I saved myself from execution grunt work. Automation is a beautiful thing :). Especially in FX when your position can basically blow you up while you sleep. But you have the right idea about trading system development. When an idea is validated its a great feeling.

When I am winning I always tend not to fiddle with the models in fear that it will cause harm to the results in which case I will always blame myself. I know that everything can be improved which is why on any given week I will probably spend quite a few hours on development and research. Its...

I dont personally follow markets from open to close (school takes up the trading day). But research on trading models is something I love to do. The thrill of your work being proven right is incredible. Many people think that trading based on models is boring. Well in the words of Larry Hite: "I...

FX is a field where you either have to trade this market almost exclusively or design quantitative methods to follow the market. Its just incredibly dynamic and very sudden in nature. FX is affected by so many geopolitical factors that it really is hard to just put in a trade and move away...

There are many ways that lead to successful trading. There are people making money by trading horizons of 3 seconds while others make money holding onto their positions for years. It depends on your style. I believe the reason why on communities like ET and others people talk about and support...

Lost a few dollars on FX as well as in equities. Nothing really major. Have a good weekend! Total P/L FX: $830.32 Total P/L Equities: $1262.18

Okay at last some time to present an update. Got all funds transferred into one FX account to begin trading. All equity positions were liquidated manually as well as through stop executions. Currently holding 1600 MUSAW warrants with a very good profit level. After this is liquidated I am pretty...

Hey guys, Really dont have much time today as I have a bunch of other work lying around that needs to be attended to. Equities, a losing day. I have also entered another position on MUSAW. I have basically liquidated out most positions at the market open. Going to keep the MUSAW, TKO...

Thanks! I sure hope so :D

Jaysus H Christ. 30 mill gains, 40 mill losses. I just wanna get my account into that size lol let alone the P/L.

That is correct not because of experience, not because of anything anyone SAYS! Its because this is how the game is MADE. There can ONLY be a SMALL group of profitable traders fed by a VERY LARGE group of losers. Among this SMALL group are the hedge funds and other very large entities which form...

Update Equities: Nothing big going on. Actually held steady on this down trend day on the broad markets. A small slip today. Return Equities: +10.06% FX: Nothing too big. A position on GBPJPY was taken which went deep positive but then fell back to the negative zone now. Still holding...

Equities Interesting day with equities today. WFSI, which I held a position in and was stopped out after a downgrade by some wall street broker, was just announced to be taken over by Wachovia and now sits some 5 dollar above my previous entry. CBH a position I hold NOW was just downgraded by...

Indeed I go to school. And no I do not pretend to be a trader. I suggest you figure out what the word pretend means. And then you use that definition to find some evidence in context to what is being said. Interestingly, I have still not been given an answer to my straightforward query.

I have a question for you. Not accusing you or anything: Have you made money trading FX? You seem to be going from one thing to another. First you tried scalping then you quit. Then I saw you involved in cash and carry then you stopped. And now you are trying positional trading after...

LoL. 100 pips is below the daily average range for the EURUSD.