That seems to be common among people who have actually made it and now produce consistent returns, they lost big at the start but persevered and were determined to master the business and eventually it paid off, quitting was never an option.
I have yet to know a Forex Spot trader who doesn't lose big...
- Thread starter crgarcia
- Start date
That seems to be common among people who have actually made it and now produce consistent returns, they lost big at the start but persevered and were determined to master the business and eventually it paid off, quitting was never an option.
No you don't, it's about the most boring job you could imagine!
Pay's good but the office Christmas party sucks
bingo!
you really need to have other activitites as well, or else you're pretty fucked socially speaking
you really need to have other activitites as well, or else you're pretty fucked socially speaking
Yvan thank you for sharing with us these infos about you:
your trading profile:
Year 1 return:
year 2 return:
Year 3 return:
year 4 return:
year 5 return:
Trading style: day trader, swing trader etc:
Average number of trade per day, week, or month:
Money management rules: 3% max risk per trade or +- more or less:
Leverage max used? 2,5,10 more?
Stop loss use? y or n
thank you a lot for sharing this with us
You want his social security number and pants size too? lol
Sorry, my friend. I'm not going to answer a lot of that. A long time ago I gave specific info on my trading style and results and got all sorts of crap for it. Some folks claimed I was making crap up, others said it was impossible with the style of trading I did. So I made the decision not to say anything about it anymore.
I will tell you that I have 20:1 margin, and that I use stops about 50% of the time. The reason I don't use stops all the time (even though I wish I could - as it's the best practice) is because I'm not sure if Oanda (who I use) is hitting my stops when they get close or not. There's been a few times where I've seen...let's just say "quirky" examples of it. So I manually stop myself based on a predetermined spot price. It takes lots of effort and the removal of emotion, but it's worked for me.
I make several trades a week, but I'm not a day trader. I work for a large CPG/FMCG company. So trading income serves as a supplement to my regular compensation. Most of the time, the trading income just gets compounded, though my account is getting to be a bit too large for me to feel comfortable keeping with just one MM.
I will tell you that I have 20:1 margin, and that I use stops about 50% of the time. The reason I don't use stops all the time (even though I wish I could - as it's the best practice) is because I'm not sure if Oanda (who I use) is hitting my stops when they get close or not. There's been a few times where I've seen...let's just say "quirky" examples of it. So I manually stop myself based on a predetermined spot price. It takes lots of effort and the removal of emotion, but it's worked for me.
I make several trades a week, but I'm not a day trader. I work for a large CPG/FMCG company. So trading income serves as a supplement to my regular compensation. Most of the time, the trading income just gets compounded, though my account is getting to be a bit too large for me to feel comfortable keeping with just one MM.
Very fair answer, thank you Yvan
I ve been trading gold lately and i must say its been quiet easy to predict its trend and make good money out of it.
Do you trade metals?