10 Pips Per Day - Everyday

[Acs]

Quote from giles117:

ROFL Laughing. The only dif between cable trader and myself is the length I hold a trade....

I saw small losses and reasonable gains.. Keep it up.....

And notice how as his account balance increased so did his trade size and gain size.. Isnt that just how this business works????

Last I checked... YES....

I started with $300 and traded stocks up to $3100 then switched to futures. Took small measure trades, with careful mental stops. and watched it fly past 20K in 3 months. Then I heard about Tradestation and IB... I Picked IB and the rest has been gravy.....

If anything trading futures changed how I saw the stock trading business. I love IB's SSF's.

I traded in a vacuum. I just woke up one day while out on the road touring and said it's time to start trading again. I bought one book and that book taught me the one thing I didnt know before. Money Management. and that is exclusively how I look at my trading. Strictly from a money management perspective.

Then I found ET... I heard about Tradestation, did a google search and found ET.

You guys have been fun. LOL. I find this a nice place to blow off steam and pass the quiet boring trading days away. LOL. It also helps me keep focused on the screen.

You say you look at trading from the money management perspective yet you claim that 10 pips a day is a feasble model.

again 3,000 going to 20,000 in 3 months?

you also must have all the banks knocking at your door. Some of the worlds best investors manage to make returns of 20% in a year.

Yet you guys claim to make over 600% in 3 months?

you are turely the worlds best traders.

 

[giles117]

so what does ( - ) mean on a statement. is that another symbol for + ???

I SO CONFOOSED....

 

[Acs]

Quote from giles117:

ROFL Laughing. The only dif between cable trader and myself is the length I hold a trade....

I saw small losses and reasonable gains.. Keep it up.....

And notice how as his account balance increased so did his trade size and gain size.. Isnt that just how this business works????

Last I checked... YES....

I started with $300 and traded stocks up to $3100 then switched to futures. Took small measure trades, with careful mental stops. and watched it fly past 20K in 3 months. Then I heard about Tradestation and IB... I Picked IB and the rest has been gravy.....

If anything trading futures changed how I saw the stock trading business. I love IB's SSF's.

I traded in a vacuum. I just woke up one day while out on the road touring and said it's time to start trading again. I bought one book and that book taught me the one thing I didnt know before. Money Management. and that is exclusively how I look at my trading. Strictly from a money management perspective.

Then I found ET... I heard about Tradestation, did a google search and found ET.

You guys have been fun. LOL. I find this a nice place to blow off steam and pass the quiet boring trading days away. LOL. It also helps me keep focused on the screen.

You say you look at trading from the money management perspective yet you claim that 10 pips a day is a feasble model.

again 3,000 going to 20,000 in 3 months?

you also must have all the banks knocking at your door. Some of the worlds best investors manage to make returns of 20% in a year.

Yet you guys claim to make over 600% in 3 months?

you are turely the worlds best traders. or should i say "gamblers" and we all know what happens to them in the long run eh?

 

[giles117]

No Gambling.

3k to 20k isnt that hard. Just have to be in a market that will give it to you. if not, it will take longer.

And watch your leverage...

This was in futures...

 

[cabletrader]

Quote from Icarus5:

See, now you've gone and proved my point!

He's going to re-read all of your posts and desperately try to figure-out how you made all that loot, while it's pretty obvious to giles and myself what you did.

I

Just time for a quickie.

Don't tell him, he'll probably never notice!

This is what I love about these types of people (Acs or forex-forex or whatever he's called today), they come in a forum firing at everyone else's strategy telling them they're gamblers, losers, they've got unsustainable strategies, blah blah blah. There's probably some deep psychological reason for it but I'm not qualified to even begin to unravel it!

Me, I don't care if someone says their only indicator is next door's black cat and they trade 400:1 swinging from the chandeliers whistling dixie, if they're consistently profitable then their strategy works, period. The most I'll do is say they may want to rethink something if I don't think it's right but at the end of the day if they make money then what the hey.

 

[Esteban]

I have been watching FOREX for the past few weeks and find it very interesting.
I have been using Oanda's free site to do my observations and I noticed in the past two hours the spreads on all pairs have skyrocked. Would someone please tell my why?
Thanks,
Steve

 

[cabletrader]

Quote from Acs:

This trading statement is a load of rubbish.

130 or so winning trades without a single loss?

balance going from 500 to 6,000 in 1 month???

get real please, that is not sustainable. If you can sustain this kind of trading you would be a billionaire by now, and probably a legend in the trading world, with every major bank begging you to work for them.

500 to 6k in just over a week, not a month, get it right!

I'm not a billionaire, no, there's a limit to what can be made due to liquidity. And banks, now why in the world would I want to trade for a bank, have you ever worked in the City, it's gruesome!

I've got to ask and I don't mean to be offensive but are you learning impaired by any chance?

Right, now I really do have to go or I am seriously in the poop!

 

[cabletrader]

Quote from Esteban:

I have been watching FOREX for the past few weeks and find it very interesting.
I have been using Oanda's free site to do my observations and I noticed in the past two hours the spreads on all pairs have skyrocked. Would someone please tell my why?
Thanks,
Steve

Hi Steve

Weekend spreads, plus they're a bucketshop!

Gotta dash, cheerio

 

[bugscoe]

Interesting thread so far. It amazes me how rigid some people are in their approach to trading.

I aim for small scalps each day - 3pips, 5, 10, whatever. I don't like to give back so I cash in as often as possible.

To me all that matters is that I make money at the end of the day. Like I said earlier, if you're smart with your MM, you can be in the hole with your pip count for the day but still show a profit.

You just need to be a little creative and be able to recognize simple areas of S/R.

 

[Acs]

Quote from cabletrader:

500 to 6k in just over a week, not a month, get it right!

I'm not a billionaire, no, there's a limit to what can be made due to liquidity. And banks, now why in the world would I want to trade for a bank, have you ever worked in the City, it's gruesome!

I've got to ask and I don't mean to be offensive but are you learning impaired by any chance?

Right, now I really do have to go or I am seriously in the poop!

500 to 6k in a week. The idea is to make money with as little risk as possible. 1200% in 1 week is exposing yourself to HUGE risk.

No other question about it other then GAMBLING.

If you are making 1200% in a week you are destined to fail. Its not even up for discussion its an abolsutley absurd claim.

Its a matter of luck that you achieve this and nothing more. It can not be repeated on a consistant basis over time, and with that its USELESS.

And if you proove me wrong then without a dout you are the greatest trader the world has ever seen.

1200% in 1 week. = Luck + Gambling.

George sorros better watch out, cabletrader is about.