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Really? Making 60% a year is easy then, eh? You guys live in Fantasy Island or what? No wonder most traders lose, with that kind of silly expectation! Listen, Warren Buffet will pay you billions to make 60% a year ROI for him. Heck, he would be thrilled if you could make just 30% a year...

You are kidding, right? My friend, 4% a month = 60% a year compounded, more than 6 times the average annual return of the S&P 500!! The overwhelming majority of hedge funds cannot even beat the freaking S&P 500 (9.77% average yearly return) and you are talking about making 60% a year...

There is a good reason the Market is always closed on January 1: try to short 50,000 bushels of soybeans when your head is about to explode and you have been throwing up all night and see what happens... :D Happy new year!

Well, there are hundreds of ways to make money trading but only one way to lose. Thinking for yourself is a good start, but don't try to re-invent the wheel either, trading does not have to be complicated.

I keep forgetting, shame on me :p

Don't bother, in college they will only teach you the so called Efficient Market Hypothesis (a stupid investment theory that states it is impossible to "beat the market") and that's it. The rest you will have to figure out for yourself. So pull out those charts and start "digging", that's...

The Gold standard was abolished for one reason and one reason only: Gold cannot be created out of thin air, something that the banksters and the Elite do not want. Abolish paper money and let people buy stuff (and be paid) with gold (and other precious metals like silver) and inflation will...

http://theeconomiccollapseblog.com/archives/a-cashless-society-may-be-closer-than-most-people-would-ever-dare-to-imagine

Absolutely, the Elite (Illuminati) will make sure of that. They want a cashless society, so they can store all your money in digital form in microchip implants and make you a slave for life.

I doubt it. The CAD/JPY is highly correlated to oil, however. Quite frankly I do not have a clue, I do not trade with fundamentals.

Well, I hope so! :p Here is the situation: the breakout on the EUR/NZD was good for over 250 pips, but unfortunately I did not initiate a trade immediately, I wanted to buy on the pullback at 1.6780 but was stopped 30 pips later. Now the EUR/NZD has touched the support line, if it bounces...

Stopped at 1.6750 (minus 30 pips). Possible long re-entry later if the trade is still valid. Never argue with the market.

Long EUR/NZD at 1.6780 Now get up there boy and show me the money! :cool:

True. In fact Jack Hershey is taking 3X ATR even when the market is closed. Yep.

True. And the Bible says that the LOVE of money is the root of all kinds of evil (Timothy 6:10), not money (or gold) itself.

I couldn't agree more on that one HarbingerQ, well said my friend.

Backtesting will reveal if your trading system has at least some kind of statistical edge. Do not ever trade unless you are confident that your system can at least beat the spread and/or the commissions. My friend, if your "system" goes into a 80% drawdown, throw it in the garbage. Quickly.

I said it a million times already in this forum and other forums, your optimal stop and target must be determined IN ADVANCE through intensive backtesting, this is not a value that you now must choose after you initiate a trade. Your stop and exit strategy must be clearly defined right from...

EUR/NZD is almost near my buying point (1.6780), come on boy, keep moving down, you are almost there, kitty kitty kitty... :p

Gold is also a blessed currency in the Holy Bible. Now we understand why...