2 parts lemonade concentrate. 2 strawberries. 2 parts milk. 1/2 water. teaspoon of sugar. 10 ice cubes. 2 parts captain, jack, any vodka, any tequila. Magic bullet.
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Magical time
Your right, I do not know your systems. My definition of a system and your definition could be very different. Also we never discussed the time frame viewed from. Over a long enough time line, I'd bet your systems will become unprofitable.
You make a good point about using leverage properly. Your argument about the psychology of trading real money is flawed though. With a $100 you have MUCH less fear with trading even IF it controls a leveraged amount. I guarantee no matter how much you trade this $100 and get comfortable with...
If you can't trade you shouldn't be trading with ANY amount of real money, even $100. And how is learning how to trade with an EXTREMELY leveraged account going to help you in the future when your account value is $100,000? Then a black swan happens and your back to square 1, with $100
If your going to move from 1 minute to 5, you might as well keep going higher. To me 5 minute charts don't offer as much action (obviously) which can leave you sitting around for quite awhile everyday. Yet you have to sit there to catch the setup. Might get a little boring for you. Just a thought.
Your nervousness will go away once you see a stock shoot higher after you tell yourself not to sell after it's popped however much percent. The only way to see this happen is to let it happen. It's all about discipline.
Although herd mentality and group psychology are prevalent in the market, you must realize how many people are actually in the market at a given time. Old strategies really only work in "old" market environments.
As far as actual day to day setups go, I would say some have lasted but are far...
Yeah I've been following forex for a year or so now. Mostly the EUR/USD. The only problem is the lack of transparency for me. I don't like how the quote you get is from the bucket shop, and thats what you have to go off of.
I don't have much advice into breaking into a different part of the business. It good though, that you realized being a FA isn't necessarily the way to break into exciting world of trading and what not.