Gee, thanks for focusing on and ridiculing that part of my comments rather than focusing on my acknowledgement that I was uncertain:
"Anyway, maybe the experts will chime in and give you a better answer."
Tough to learn from you so called experts because you are overwhelmingly arrogant and...
Blah blah blah! So you have a big account and I have a little account. So what. We are all starting from somewhere and attemptingto find success in the markets. Sure I could get a $20/hr job, and maybe sell mutual funds for a living. What a bore!
I understand. I'm just being playful.
... but we are talking apples and oranges here. Your trading style naturally is quite different from what I must do. If the best return I hope to achieve is 20% on $4000, I am investing far more effort than I am receiving benefit.
Realize that...
95% of you are failures or will be failures. Will I be one of them? Maybe. However, I will NOT simply take advice blindly from any of you. I will think and argue and debate until I reach the conclusion myself. Blindly following advice from unknown posters on ET doesn't get me anywhere...
There is no edge by using "hedge".
I acknowledged this many many posts ago, but you and others keep pushing this same issue. I realized this soon after I opened this thread.
I repeat: it is nothing but a different way of handling a stop or limit.
This difference may be an advantage for...
The difficulty I have with many of you who reply is that your response is incredibly condescending. I'm sorry, but I have great difficulty taking advice from such individuals.
You've made my point with your last paragraph. If you are what you say you are, then you should have great...
Wow, are you two insulting me?
Given that 95% of you are failures, I guess I should only be a weenie, teenie bit insulted by this.
Go stick it where the "son" don't shine!
And what do you guys trade with, $1,000,000 on a demo account?
:p :p :p
Snake oil bucket shop? I really don't know what that is supposed to mean. Oh, I get it now. FXCM is a bucket shop. Is that your excuse? Come on you can do better than that!
If you have done your homework, you already know that I trade with about $4000.
I guess this places me among...
This may be true with certain brokers. With FXCM the margin is returned to you. There is no margin requirement if you are short and long on the same instrument.
This is precisely why I like it. In theory, you can enter a much larger position. If you set a traditional stop, and the price...
That's what I (You and I) tried to explain earlier but we got a bunch of arguments about losses and more fees, but there are no losses or additional fees unless you close both branches at the same time.
I think you guys are really missing the point.
The hedge that I am talking about is no different than a stop or limit. By going long at price, p, when you are currently short at p, you are simply stopped or limited at p. The difference however is that you haven't closed the trade. As a...