Day traders pls quit while you can

Quote from Bob111:

start at fx..yep...why fx? go brave and start with options..nah..start with options on futures!

---Fund it with whatever you are comfortable with losing.---

do it once and lose it all..stop..learn(or think\pretend that you learn something)then lose it all again..then over and over again! :p

s**t..this place is full of knowledge! and everyone making 400K a day every day!
More...

There is a very good reason for starting with FX. You get the benefit of playing with small amounts of money without having to risk thousands. For $50 you can start trading micro lots, and I assure you, this is far more beneficial that trading a sim account.
 
one can apply same rationale for my recommendation above about options. but i'm just kidding and looks like you are not..imo-it's a really BAD to advise ANYTHING in this business in first place. specially to the people you don't know. their risk tolerance.,financial situation.. etc..#2-imo it 's a bad idea\advise to start with ANY highly leveraged instrument.#3 it's a bad idea to advise anything that involves ridiculous amount of variables. and that's exactly what you are suggesting to noob...

micro lots doesn't mean micro bets and that's exactly why 90%(i would say 99% on fx trading) lose..cause they are under capitalized.
and they threat this $50 bet exactly as it is.. a BET. like in casino. good luck with this approach
 
Quote from Bob111:

one can apply same rationale for my recommendation above about options. but i'm just kidding and looks like you are not..imo-it's a really BAD to advise ANYTHING in this business in first place. specially to the people you don't know. their risk tolerance.,financial situation.. etc..#2-imo it 's a bad idea\advise to start with ANY highly leveraged instrument.#3 it's a bad idea to advise anything that involves ridiculous amount of variables. and that's exactly what you are suggesting to noob...
More...

Joking or not, I will make the point that as a relatively new trader, I don't give a damn about the signficance of leverage! I care only about the impact of a unit of change in the price. When I trade an ounce of gold with a deposit of $2, I know that each dollar change in the price of gold is a dollar change in my equity. This is all that matters to me. The fact that I have just leveraged a $50 account 1590/50 times is irrelevant.

Trouble is, most new traders don't get this and instead try to buy $50/2 = 25 units of gold, and suddenly their money disappears.
 
Quote from Bob111:

start at fx..yep...why fx? go brave and start with options..nah..start with options on futures!

---Fund it with whatever you are comfortable with losing.---

do it once and lose it all..stop..learn(or think\pretend that you learn something)then lose it all again..then over and over again! :p

s**t..this place is full of knowledge! and everyone making 400K a day every day!
More...

Bob.

Starting with fx, means a rookie trader cannot blow up. He can trade until he gets it right.

Do you have a problem with that?
 
Quote from Bob111:

one can apply same rationale for my recommendation above about options. but i'm just kidding and looks like you are not..imo-it's a really BAD to advise ANYTHING in this business in first place. specially to the people you don't know. their risk tolerance.,financial situation.. etc..#2-imo it 's a bad idea\advise to start with ANY highly leveraged instrument.#3 it's a bad idea to advise anything that involves ridiculous amount of variables. and that's exactly what you are suggesting to noob...

micro lots doesn't mean micro bets and that's exactly why 90%(i would say 99% on fx trading) lose..cause they are under capitalized.
and they threat this $50 bet exactly as it is.. a BET. like in casino. good luck with this approach
More...

So a person start with a buck. With Oanda he can trade that buck. This is how one learns.

You can work out all those variables, and you don't even have to risk what it cost to get a Big Mac.
 
Quote from Bob111:

i can sing 100 times better than little wayne...probably you too..i'm failed singer..singing is BS!!!! 99% of singers just lose!
More...

:D
 
While I'm happy Nodoji is having a winning streak.

However, I'll bet Nodoji would be having the same winning streak had he simply guessed at direction for each entry.

Junkbonds
 
micro lots doesn't mean micro bets and that's exactly why 90%(i would say 99% on fx trading) lose..cause they are under capitalized. And they threat this $50 bet exactly as it is.. a BET. like in casino. good luck with this approach
More...

So they should save $100,000, then go live eh?They wouldt lose then
:)
 
Quote from Bear Trader:

I cant see any day trader making and end of the year profit for the next 3 years. It is going to be brutal quit day trading, HFT and the unstable markets is going to kill you all. There are going to be more chops than a Chefs knife. More swings and bounces than a Tennis match. Pls dont say I did not warn you. The only people who are going to make money are the swing and long term traders. Day trading is dead!!
More...

You just suck ass as a trader. :p

You have a potential to make money everyday in the market.
 
You must log in or register to reply here.
Back
Top