Search results

Let's imagine that I am your broker and I am taking the other side of all your trades. What do you think I would want you to do?

neveralOne, In my experience, the psychological problems of fear and greed are strongest when your bets are too big for your account. Try this, half your size and observe how you feel about putting on a trade, cutting your losses and letting a winner run. If you are still not calm and...

All the other selloffs were either led by unwinding of the yen carry trade or at least accompanied by it. That doesn't appear to be the case this time. Anyone know what's going on here?

Ever thought about taking partial losses as the trade goes against you after entry? For example. you buy 2 lots at 20, you decide that if it price violates support at 16 you want out. So after getting in at 20, price falls to 18, you let go of 1 lot, if it continues down, you cut the second...

Everything you need to know is out there, it's been written over and over. If you survive in the game long enough to become consistently profitable, you will no doubt look back and realise that you had it all there in front of you. For most traders, you need to re-invent the wheels on your...

Look at it this way. Winning trades are not created equal. There is the kind that will move in your direction but they chop around on the way, requiring you to use a loose stop if you want to stay in for the ride. There is also the kind that moves quickly in your direction and doesn't look...

Ok so what you are saying is that other than a trader cutting their losers and letting winners run, using proper position sizing, being properly capitalized and having the right mindset there is another key ingredient missing (as you say, the obvious) that is required to be profitable? As...

Good show even if it is not realistic. They are unlikely to hang on to their losers or even double down on a loser (even though their instincts tell them to do it) with Anton (the superisor) shouting at them to cut their loses. I'm sure a few would have blown up buy the third week with no...

No, I'm merely saying what I wrote. That is, the british government has been and continues to following the rhetoric; to the letter; that Hitler used to take away civil liberties and impose facism on the germany society. That's scary I think.

Hitler got into power because he promissed to fight (in his words btw) "the war on terror" and to weed out "terror cells" living in germany, everyone was forced to carry their "papers". Just coincidence or something more?

Identity theft still happens in Europe btw. I.D cards can be faked. Anything can be faked which is why I.D cards will eventually evolve to include D.N.A data. All the problems I.D cards were said to prevent in Europe still continue today, so why should I pay for this useless card that forces...

I am not a slave, why should I carry around identification at all times. Europe got on just fine before I.D cards. The madrid bombers had I.D cards, ETA have I.D cards. So what, it doesn't stop terrorism. It takes away the civil liberties of everyone to achieve nothing.

The brits are the frog in the water. If you put a frog into a pan of boiling water it will immediately leap out. If you put it in a pan of nice warm water and slowly raise the temperature it will adjust and recognise the new temperature as the norm. If you continue to raise the temperature...

Previous post should read "I live in the U.K ..."

I like in the U.K so I think I am qualified to say that he is correct. The U.K (especially London) is a police state. On the average round trip into the centre of london and back you are captured on average 300 times on CCTV. If you are putting too much in your bins some local councils are...

IMHO averaging up is a great way to approach trading. It's not the holy grail though. Your bottom line will depend far more on your discipline and position sizing than anything else.

Nice post! I don't think that a strong trend can be anticipated. I always enter half size and hope that this trade will turn out to be a strong winner that I can add to several times along the way. There was a FTSE trade in 2008 that stood out for me, I managed to capture 300+ points over a 5...

He might be a moron but he is still light years ahead of the majority of americans. He knows that Listuania, gulf of tonkin, pearl harbour and 911 all have something in common, and he knows what that is and how profit from it. Now, that's not something you can say of the average american (or...

Probably you can achieve your goal. The problem is you won't be at that stage for several years. If you trade as small as possible in the meantime and try to keep your expenses to a minimum you have a chance. Work very hard at it. Best of luck.

You are asking for advice on how to be disciplined. Probably if you are shitting yourself about the prospect of being homeless somewhere down the line if you cannot sort your trading/yourself out then that should be enough motivation. Don't you think?