Respect???
You got lucky in a fit of rage. Now you've lost more than 30% in 4 months.
Whereas I am risking small amounts, profitable and building up capital! Old time, take a break. You're a good guy but you seem to have lost it.
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Do full-time forex traders exist or is it just make believe?
- Thread starter zbojnik
- Start date
Respect???
You got lucky in a fit of rage. Now you've lost more than 30% in 4 months.
Whereas I am risking small amounts, profitable and building up capital! Old time, take a break. You're a good guy but you seem to have lost it.
well, first of all, I lost 25% in just ten days in FEBQuote from SimpleTrades:
Respect???
You got lucky in a fit of rage. Now you've lost more than 30% in 4 months.
Whereas I am risking small amounts, profitable and building up capital! Old time, take a break. You're a good guy but you seem to have lost it.
and secondly of all, I need to see a plan from you that doesn't require a constant refunding of your account based on nothing more than when you need it
wouldn't it be nice if we could all refund our accounts when we need it?
Every spring I start betting on baseball, some years I'm up, some years I'm down. If I'm down, no problem, I just add more money next spring. But I'd hardly call that a plan.
so that is your plan, bet it until it is all gone, then add more
the op topic is could you make it as a fulltime forex trader?
I can tell you right now, not the way you are trading
at the moment I am, but I haven't been doing it that long, so I don't know if I just got lucky in 2012
everytime I tweak, I give up a little bit of my profit potential, and returns start looking more like the S&P
But I get a good laugh when they say trading is nothing like owning a business
Old time, job allows $1000 month savings. I chose to filter through forex account and transfer profits into longer term savings. This is the first step to trading for a living: generating capital. I doubt anyone on ET is profitably supporting themselves through forex.
Quote from SimpleTrades:
Old time, job allows $1000 month savings. I chose to filter through forex account and transfer profits into longer term savings. This is the first step to trading for a living: generating capital. I doubt anyone on ET is profitably supporting themselves through forex.
There are three guys on here that I know personally (drink with, socialize) that earn mid six-figures to low-seven by trading FX and/or FX vol (exotics). I've made money in FX nearly every year (one ot two net down years in FX) for the past 15, but not as a sole source of income.
There are guys here, albeit few, that are on FX desks.
Atticus, I wish those people would step up. So far we have only heard from dreamers who have destroyed their own credibility.
And I should have said through only forex. Im sure many grab some income from forex
And I should have said through only forex. Im sure many grab some income from forex
Quote from SimpleTrades:
Atticus, I wish those people would step up. So far we have only heard from dreamers who have destroyed their own credibility.
And I should have said through only forex. Im sure many grab some income from forex
I know two other guys at ET making millions in futures. They don't talk because they don't want to draw attention to their niche. It would serve no purpose other than to stroke their ego.
I've been around long enough and worked in certain capacities to know that FX is w/o a doubt the toughest mkt with which to make a living. I am referring to spot/fwds and not vol-mkts. Treasuries probably come in at #2.
I also believe, from what I've seen, that the vast majority of retail and pros (buy-side) trade at a very poor R/R. This includes the profitable guys. It wasn't always this way. Prior to the EU you had a huge number of crosses and consistent MR earning on swaps. Much tougher in the days of 50bp LIBOR.
FX is easily manipulated by govt talking heads. Draghi is a criminal, IMO. While it's exceedingly liquid it's also massively manipped. You simply cannot get away with this kind of manipulation in regulated mkts (equities, for example).
whatever, 90% is money management, 10% is guessing right
no mattter what you are trading
doesn't do you me or anybody good to brag about the times you guess right
money management is interesting to discusss
at the moment, mine is pretty impressive, considering what a piss poor job I have done at guessing
no mattter what you are trading
doesn't do you me or anybody good to brag about the times you guess right
money management is interesting to discusss
at the moment, mine is pretty impressive, considering what a piss poor job I have done at guessing
Quote from oldtime:
whatever, 90% is money management, 10% is guessing right
no mattter what you are trading
doesn't do you me or anybody good to brag about the times you guesss right
money management is interesting to discusss
at the moment, mine is pretty impressive, considering what a piss poor job I have done at guessing
I'm confused. What are you replying to with this post.
Thanks Atticus. I guessed as much about the forex market being manipulated. Stop fighting the FED, Old time. For now the EURUSD is being propped up. Go long on every pull back..