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just what have you done? or are you planning? expect a knock at the door early tomorrow morning.

You are not comparing apples with apples. You cannot buy the bid and sell the ask at CMC. Your theory hypothesis is incorrect. CMC & IG make most of their money from losing traders and hence they want to encourage more of those customer types to trade. They offer the tightest spread in the most...

The vast majority lose money over time in this business due to: Having no EDGE. Not having the necessary understanding of the market they are trading, its participants and their various roles which are needed to find an EDGE. Poor Mindset & Discipline - unable to to design a plan and stick...

The dax future trades in 0.5 point ticks half that of the 1 point cfd, granted the bid/ask is normally 2 ticks wide.

CFD / spread bet is a competitive business in UK so I think its a commercial decision that is made to offer the tightest headline spreads on these instruments. The spread is only one way IG can make money there are plenty of other ways.

the vast majority of IG's customers are consistent losers therefore there is no need to hedge them at all, it's easy money for them, just check out their public accounts to see the solid profits they make. For the few % of customers who are profitable these are placed into a separate 'book' and...

I would have been more patient waiting for the higher probability trade opps during the FTP. Day 1 of FTP I was up around +$1500 at one stage, so instead of pushing hard to finish it off on Day 1 (and losing it all) I should have banked at least $1k and ground out the result. When I get to the...

Day 4 FTP update - I blew out and hit the -$4500 max drawdown. I am expecting the email from TST confirming I failed FTP and getting sent back to combine. As per my plan I will take up their offer of $1 for another 1 month combine allowing myself only 1 reset this time. (3 overall chances to get...

We have found something we agree on. I go along with the advice this BMT poster wrote. You need to make the most of the first 10 days.

Nothing has changed its just a drawdown. That said there is an argument to say I oversized from the outset of the FTP. I sized so aggressively as I was confident in my ability to turnover any drawdown. What you will see now is I will wait until what I think are ideal conditions for a trend day...

I have been called many things but a peanut in a gallery lol. My turn now you cashew from the cupboard.

man this is so dumb, do you know which end of a hammer to swing? lol TA is a set of tools FFS. It's not the tools that work or not it's how they are used you colossal turd. If a bricklayer cannot build a solid straight wall with his tools does that mean the tools don't work? Another bricklayer...

stop using faulty maths lol. you need to do ^x-1 for x years compound growth if you start with the end of year 1 growth figure.

You are talking 5hit mate. Poor logic here.

He isnt on vacation. He has headed to Belize to unload all his winnings from the price drivers.

hmmm yes. Mucho speculation can be hidden under the guise of hedging/market making. There are a lot of naive people on ET lol.

Oh come on surf.

A couple of the best traders I know play market neutral in uncompetitive markets. Unsurprisingly they are very disciplined people.

Day3 FTP took another beating balance now -$2985. $3k max draw per week so no more trades this week. Next week I will have another $1.5k draw available and thats it before I am sent back to the combine. The account balance must be positive day 10. My recovery strategy is going to be to be very...

I will check NQ out, never traded it before. The dollar strength was holding oil back from expansion, damn. I need to get busy with the 20-25 tick scalps on oil to nail this sucker. It aint over until the fat girl sings lol. If I drop another $1k I will have to hang up my mouse for the week. I...