If you want to fail as a trader, study TA

[Fibbin-Archie]

Quote from Airwaves:

but you'll need to swing trade with such an account rather than daytrade wouldn't you? Big spreads and stuff would make short term trading near impossible, would it not?

Standard spreads on CFDs and 3 pips on Forex, that's about normal isn't it? & I've negotiated scalable commission... I scalp just fine, I don't understand what the problem is?

And before all the trolls crawl out of the woodwork, NO I'M NOT A BROKER AND DON'T WORK FOR THEM...

 

[LeeD]

Quote from Fibbin-Archie:

I use this great new invention called high speed fibre optic broadband to close it myself, why would I entrust my decisions to someone else?

If you hold a position for weeks at a time based on fundamentals you might want to pass the responsibility to close the position to someone more attuned to the market.... while you do your research to find new trades.

 

[Fibbin-Archie]

Quote from LeeD:

If you hold a position for weeks at a time based on fundamentals you might want to pass the responsibility to close the position to someone more attuned to the market.... while you do your research to find new trades.

Horses for courses Lee and point taken, I rarely hold a position overnight...

 

[Airwaves]

Quote from Fibbin-Archie:

Standard spreads on CFDs and 3 pips on Forex, that's about normal isn't it? & I've negotiated scalable commission... I scalp just fine, I don't understand what the problem is?

And before all the trolls crawl out of the woodwork, NO I'M NOT A BROKER AND DON'T WORK FOR THEM...

I thought the spreads on stocks are like 5c or so, whereas in the real market, they're often 1 or 2 c?
Im probably wrong. I dont trade stocks.
If you're able to scalp just fine, then obviously keep it up!

 

[Mysteron]

Quote from Dackster:

If you were anything but a novice trader you would know not to ask such a stupid question.

Dackster, you are obviously upset about something, and throwing your toys out of the pram doesn't impress adults! Sounds to me that you are in a bad mood and in need of a hug.

I was simply inviting you to say something constructive, about what information the chart tells you about the price, to see if your view coincides with mine, instead you choose to respond negatively, never mind.

BTW I've been swing trading on and off for several years, and started daytrading just recently.

Regards,
R

 

[The Expert]

Quote from Mysteron:

Dackster, you are obviously upset about something, and throwing your toys out of the pram doesn't impress adults! Sounds to me that you are in a bad mood and in need of a hug.

I was simply inviting you to say something constructive, about what information the chart tells you about the price, to see if your view coincides with mine, instead you choose to respond negatively, never mind.

BTW I've been swing trading on and off for several years, and started daytrading just recently.

Regards,
R

MN, never apologise to an idiot, for then there is a big chance you might become one

This fellow, and his like, is the reason why so many fail, as, it is idiots like him that put people off what they SHOULD be really concentrating on, and, I think it has been mentioned enough times already:eek:

As I KEEP SAYING, you MUST be able to quickly spot the difference between an idiot and one who knows what they are talking about.

Professional traders, now that is funny, they do not know one end of a chart from the other, and, what is more, even if they were shown, they are so thick they would NEVER understand, for, that is what trading other peoples money does to the idiots, throw them out on their own and they will lose every trade

Oops...I got it wrong, they are actually called Dumb Ass Traders

TE

 

[The Expert]

To Expand

Most people are influenced by others way too easily:eek:

Can you just see the idiots, sitting at their little desks, with their Bloomberg Terminal, and the latest streaming news, changing every fraction of a second

They are all a bunch of Dumb Ass Traders, and, if you think that any of them are going to show you how to make some real good money trading, with your own accounts, then FORGET IT:eek:

They are like the production line, little robots sitting there and hitting little buttons when they see what they have been shown to see

You need to get this so-called "Professional Trader" status out of your mind, for, there is no such thing, for, the majority are just like trained little puppies that do EXACTLY what they are told, and long may they continue

The Expert, and a very small few others, KNOW EXACTLY what is needed to be known, and, if we decided to trade other peoples money, like some of the BIG INSTITUTIONS , the markets would collapse in a few days, as we would have all the profits available sucked up from the idiots who THINK they actually know something.

And, I AM VERY SERIOUS, no kiddin

TE, aka, The Expert

 

[Fibbin-Archie]

Quote from Airwaves:

I thought the spreads on stocks are like 5c or so, whereas in the real market, they're often 1 or 2 c?
Im probably wrong. I dont trade stocks.
If you're able to scalp just fine, then obviously keep it up!

No straight up, when I used to trade on an iPhone I used to use a separate, independent feed for quotes and the prices on the dealer platform matched exactly.

That's on CFDs mind, I don't do any spread betting so don't know the first thing about it, but I've heard that price manipulation is a common practice...

Thanks, I intend to.

 

[Mysteron]

Ah well, a nice 3 day weekend for those of us who, unfortunately, have to work for a living. The public holidays may be a pain for those who trade for a living though.

I wonder how macattack is doing now, he seems to have stopped posting.

 

[Fibbin-Archie]

Update on IG quotes accuracy.

I took a small short last night on Cable around 6pm GMT just as volatility went totally flat. I covered half, then got taken out by just one basis point.

This got me a tad paranoid so I did some checking on independent charts today and it transpires that IG's chart matched exactly and I'd simply placed my stop way too tight, one tick above the reversal where I got in.

So hands up, I still can't fault them.