I'm done trading. I FAILED

sure. why not?

Its just at 400 leverage the market has to fall 0.19% before liquidation. And the market does that every 10 minutes. at 200 leverage, its not that susceptible to liquidation and a trailing stop would be sufficient.

Check out what the currencies did against NZD at 17:08 today (11/13/07) ...

went down 117 pips, and then went up 117 pips in the space of 60 seconds.

234 PIPS OF MOVEMENT IN 60 SECONDS.

A 400 leveraged trailing stop at that rate of movement would be doomed.

I dont know why the market does that. But I rather not stomach that..


hey anyone in LA?
 
this is the toughest racket going. it took me years to master trading. along the way i've seen guys fall into deep depression,failed marriages,bankruptcy and anything else you can think of. this can be a very destructive game and i do not want my son ever doing this. i love it and have a passion and most of all am good at it. i am not smart but persisitent and intuitive.i hit em quick and walk away. believe me,i have taken my lumps over the years and i still have some battle scars.
 
it is and always will be the biggest playing field for those of us who were not born 6'7" 245lbs...I played baseball up until AA...I then realized I had to work for a living...now I am basically retired...all from Wall St. For every 5k poster here, there all real people who make real profits day after day, year after year....
 
You must log in or register to reply here.
Back
Top