Trading Forex

[padutrader]

The initial 10k was income

that is important....do not put anything but income into market

then you are doing great.

until you go through a meltdown in the markets...until you see a drop of 50-60% you have not learnt anything at all
of course this will not hurt you if you do intraday and that is why i shifted to intraday

good you are among the few who have not lost their shirt trading intraday .....i lost my underwear too

 

[maxinger]

Luckily I don't try to change people's mind.

Because people's mind cannot be changed due to
- mental barrier / filter
- ego
- different experiences / culture / philosophy
- idiosyncrasy
or whatever.

so don't try to change padu's way of thinking.
eg I don't do counter trend trading (but i do reversal). he does counter trend trading. just leave it as it is.

 

[padutrader]

With the PDT rule

do forex
start with 200 usd
learn intraday forex it is good ..

forex is a little different but you have plenty of time to learn and trade.

and you are profitable

so try it out

 

[padutrader]

so don't try to change padu's way of thinking.

they are only commenting that is ok

i get a lot from my uncles cousins
i am used to it

 

[padutrader]

any way i have with drawn whatever profit and initial capital i had

i am now trading with my broker's rebate which incidentally is equal to my initial capital...and i will be aiming for 500 usd a day

 

[padutrader]

But having a decent account to work with will make keeping risk down to say 1% or 2% per trade, very realistic and practical.

that is 100% correct
you have a good head on your shoulders.
stick to your plan....i got adventurous but i also got lucky....you will enjoy your life..like i am now
doing something really worth while and soul satisfying

 

[padutrader]

think you can keep repeating the feat

many traders do repeat the feat....and many more say they do and teach others

if not i would stay out...i have my pension and it is enough

 

[padutrader]

I will not have time for it.

me neither or the energy it requires

even posting here requires a lot of energy

and that is why i am cutting down

trading requires 100% commitment i do not have time for anything else other than my dog

 

[padutrader]

i am reducing posting here.

there are always some who will conclude something about me ....cocky rash boaster...but i am me....accept me if you like WHAT YOU SEE ....IS WHAT YOU GET

i want to concentrate on my trading.....and repeat this again

those who want to contact me pm me

trading requires 100% commitment: i do not have time for anything else

i was always a loner......

 

[padutrader]

Paper traded a bit, read a bunch of books, and traded small and live.

i am impressed

i bought my first stock in 1984....intraday was not possible then.....

i think you have the foundation to be a good intra day trader.

go for it....intraday trading is a young man's game
let us show them we still have the balls