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Lucias, I used the gold comparison for the following reason. Though 1 contract of oil may be 1000 barrels, 1 contract of gold for me is only 1 ounce of gold. In terms of unit change, the contrast is this: $10/$.01 change of oil, VS $1/$1 change of price of gold. I am telling you...

Yes, I understand that. The $10/unit (getting closer to 9$, now) change results as a consequence of the 1.000 barrels. 1000 barrels/Price per barrel. Or is it reasonable to think about it in this way?

Exactly, but no you aren't trading against FXCM. Lucias, If it is true that a standard oil contract pays, $10 per 1cent change, then the notional value of an oil contract is $10 X 100 X Current price of oil. Atleast, that's how I chose to think about. I really only care about the...

For fork sakes, would you please shutup??!!! I consider this whole ignore option to be childish, but in your case, you're nothing but spam. [You are my first ignore]

:D :D :D

That's like telling me I can only pull $2/day trading my mini gold contract. You don't know what your talking about. I'm averaging $15. That's $300/mnth. More than 200% annualized. And I've only been doing this since about last April. NoD has been at it a few years. The value of her...

However, that may explain why she limits herself to one contract. What is the margin requirement for a contract that size? With the CFD I could use ( I don't), this mini contract requires $100 of available margin. Extending that, a full size contract would require $1000. Oil can range...

LOL, fair enough. I certainly can't do that! This is actually a CFD. Didn't Jack H. claim he could get 3x the price range in a day?

Can't speak for NoD, but with my broker, a one cent change in the price of oil give me/costs me $1. Just glancing at this, I see oil's price ranging about $1.5 in a day. That's a $150 range using 1 contract. I could probably pull $75/day out of that. An experienced person, I can see pulling...

Lucias, This is not what she is stating. She is stating that she is drawing an INCOME of $90,000. This means that she is regularly withdrawing money from her account. She is NOT COMPOUNDING at at a rate of 900%. I must admit that 3.5%/day does sound high, but I've only been at this...

The whole idea that NoDoji might actually be telling the truth, scares the shite out of you, doesn't it? Why? Because it means you AREN'T the best of the best, not even close. Isn't that what you call yourself in your diary? Best of the best except those darn HFT who don't count cause...

In my case, its all Dino. When he wags his tail left to right, I go long. When he wags it right to left, I go short. When he goes racing around the room like a nut, double up on my current position. I have a few other rules too. :D :D

You will find in life that truly successful individuals at peace with themselves and with the world around them quietly feel victory within themselves. The victory is internal, not external. I just took 2K and turned it into 4K, gradually, over a period of 3.5 months. It took more than...

Ok Lucias, but you're always talking so big. I think you're doing yourself a huge disservice. Please reread my last post. I edited it.

Lucias, with all due respect, you're trading a SIM account. I am aware of your diary. I follow it from time to time. Get busy with some real money and show yourself what you can REALLY do. I've always traded with real money with the exception of a brief half day with a SWIFT copycat...

"If its so easy for someone to do 90k from 10k then you'd think a firm that has millions invested could get their traders to do as good or better within a year." It isn't easy. 95% of traders fail. So, do the math. .05 (90,000) + .95(-4,000) = $700. This is the average return of an...

"Going to be given"? Unless you've actually done it ( as I have ), your numbers don't mean very much. What you're describing is far from standard for a new trader with less than a year of experience. Well, first I've been able to predict/forecast the market in advance. I've never met anyone...

Lucias I have been a proprietary trader, and this statement is correct:" I was told that he had never met a first year trader to do more then 40k-45k." However, a first year trader starts with only 10,000 of capital and $50 daily stop loss. They are also trading stocks without any leverage...

Where do these sick, obsessed fools like EMG and GrandSuperCycle come from? EMG, your own psychosis is a primary reason why so many traders fail; you keep doing the same thing, and never learn.

Financial IQ: 106.1 Rational Risk Taking : 127.6 Rational Risk Avoidance : 84.7 Your loss premium is 3.2 Your Risk Aversion under gain is 100% Your Risk Aversion under loss is 58% Interesting. I can see where I need to improve