From rags to riches, 700$ to 100k in 2013
- Thread starter dfantome
- Start date
nope Oanda is forex broker and you're stuck with 50:1 leverage. Yeah I will not lose a lot but I will not make a lot. Boring as fuck if you ask me. No offense!
But yes I do go for good pips. 25+ pips and with 5 pip SL.
But I olny lost because of my stupidity not because it can't be done.
No surprise
+1
Indeed.
I still hold out hope that someone will publically attempt "The Run," and follow it through to the end, whether the end is Boom or the more likely Bust.
Quote from justrading:
<<< What is obvious by now is that you are prejudiced against short-term trading, and as a consequence, rather than providing the best advice to the OP, you advise based on this prejudice. >>>
What a ridiculous thing to say.
I believe the shorter the trade the better.
I hope to close every single one of my trades early. The sooner the better, assuming i keep a sig % of the credit relative to that time frame.
Clearly you skimmed my rely post and did not actually read it for context.
<<< Your wonderful advice to look at LEAPS in the context of a 50% annual return will yield the OP the grand sum of $350. >>>
Again, if you think i was recommending LEAPS for the OP, it's another example of you skimming my reply post and not actually reading it for context.
<<< You can express your individuality by calling 'cats' 'dogs' if you wish, there is no law against that, but it is generally accepted that absolute dollar gains are a function of account size, and looking at absolute percentage gains minimises that factor somewhat. >>>
You really have no idea of the point I'm making. So I'm going to try this one last time:
Assume I initiate 4 naked puts via a 62 day trade, a 25 strike and a credit of $0.60..... = 14% annualized return.
Suppose I now close the trade the next day, keeping $0.07 profit.
I made $28. Less after commissions,.... but my annualized % return jumped to 102%.
What I'm saying is, ignore the 102% return and just focus on the $28 earned.
(Closer to $20 using just one commission.)
The 102 % return on such a S-T trade is meaningless, as you are NOT going to earn anything close to it at year end, using the same strategy thoughout the year.
WHY?
There will be too many gaps between trading days.
Count the $20. Ignore the % return.
Then quarterly, add up all your $20's and then annualized them, so you will have some idea as to what % return you are on track to earn by year end.
What is the point of earning a meaningless 100% per trade throughout the year, just to end the year earning 10, 15 or 20%???
As for my LEAPS comment, I was simply making the point,... that if one uses all their cash to initiate a 365 day LEAPS trade that earns 15%, they will actually end the year earning 15%,... as there are no gaps between trading days.
I was NOT suggesting anyone initiate a LEAPS.
<<< What is obvious by now is that you are prejudiced against short-term trading, and as a consequence, rather than providing the best advice to the OP, you advise based on this prejudice. >>>
What a ridiculous thing to say.
I believe the shorter the trade the better.
I hope to close every single one of my trades early. The sooner the better, assuming i keep a sig % of the credit relative to that time frame.
Clearly you skimmed my rely post and did not actually read it for context.
<<< Your wonderful advice to look at LEAPS in the context of a 50% annual return will yield the OP the grand sum of $350. >>>
Again, if you think i was recommending LEAPS for the OP, it's another example of you skimming my reply post and not actually reading it for context.
<<< You can express your individuality by calling 'cats' 'dogs' if you wish, there is no law against that, but it is generally accepted that absolute dollar gains are a function of account size, and looking at absolute percentage gains minimises that factor somewhat. >>>
You really have no idea of the point I'm making. So I'm going to try this one last time:
Assume I initiate 4 naked puts via a 62 day trade, a 25 strike and a credit of $0.60..... = 14% annualized return.
Suppose I now close the trade the next day, keeping $0.07 profit.
I made $28. Less after commissions,.... but my annualized % return jumped to 102%.
What I'm saying is, ignore the 102% return and just focus on the $28 earned.
(Closer to $20 using just one commission.)
The 102 % return on such a S-T trade is meaningless, as you are NOT going to earn anything close to it at year end, using the same strategy thoughout the year.
WHY?
There will be too many gaps between trading days.
Count the $20. Ignore the % return.
Then quarterly, add up all your $20's and then annualized them, so you will have some idea as to what % return you are on track to earn by year end.
What is the point of earning a meaningless 100% per trade throughout the year, just to end the year earning 10, 15 or 20%???
As for my LEAPS comment, I was simply making the point,... that if one uses all their cash to initiate a 365 day LEAPS trade that earns 15%, they will actually end the year earning 15%,... as there are no gaps between trading days.
I was NOT suggesting anyone initiate a LEAPS.
Quote from mm2mm:
nope Oanda is forex broker and you're stuck with 50:1 leverage. Yeah I will not lose a lot but I will not make a lot. Boring as fuck if you ask me. No offense!
But yes I do go for good pips. 25+ pips and with 5 pip SL.
But I olny lost because of my stupidity not because it can't be done.
Hey , some people trade for the thrill (not money) and if you're getting the entertainment you want out of it then more power to ya.
How many times can you go to the casino and blow 1k to keep your hobby going is the question.
When do you plan to start?