Ahhh I see, those numbers are psuedo random, generated by a human brain obviously.
Just total BS!!
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What is the average can a day trader manage and earn on wall street?
- Thread starter tonyzhou
- Start date
Ahhh I see, those numbers are psuedo random, generated by a human brain obviously.
Just total BS!!
Ahhh I see, those numbers are psuedo random, generated by a human brain obviously.
Just total BS!!
Since you don't even understand the basic concept of an order, this further proves you are a gambler. Everything to you is just a bet. You'd see a bet even when none exists.
Since you don't even understand the basic concept of an order, this further proves you are a gambler. Everything to you is just a bet. You'd see a bet even when none exists.
SQUIRM!!!!
BS ALERT
BS ALERT
BS ALERT!!
SQUIRM!!!!
BS ALERT
BS ALERT
BS ALERT!!
You give him too much credit.
Joe, there are lots of people on YouTube who post their trades right after they happened. Forex4noobs does this and they also post resistances on their website.
I can agree with you that some short term scalping strategies are like gambling. There is too much noise that it requires too much luck and not enough skill, making it not reproducible. But I think if done correctly it most certainly is profitable. Especially in Forex which seem to be manipulated a lot less than equities and options.
You want a trade call? Well I bought AUDJPY 2 days ago when it was at 100 and Im not planning on selling anytime soon. I have a stop at breakeven, I may raise it overtime, but I doubt it will ever retrace. I will close the trade when /if Abe gets voted out. Im up by $1700
I guess technically not a day trade since im holding but most my forex trades are open for 8-16 hours.
I can agree with you that some short term scalping strategies are like gambling. There is too much noise that it requires too much luck and not enough skill, making it not reproducible. But I think if done correctly it most certainly is profitable. Especially in Forex which seem to be manipulated a lot less than equities and options.
You want a trade call? Well I bought AUDJPY 2 days ago when it was at 100 and Im not planning on selling anytime soon. I have a stop at breakeven, I may raise it overtime, but I doubt it will ever retrace. I will close the trade when /if Abe gets voted out. Im up by $1700
I guess technically not a day trade since im holding but most my forex trades are open for 8-16 hours.
Joe, there are lots of people on YouTube who post their trades right after they happened. Forex4noobs does this and they also post resistances on their website.
I can agree with you that some short term scalping strategies are like gambling. There is too much noise that it requires too much luck and not enough skill, making it not reproducible. But I think if done correctly it most certainly is profitable. Especially in Forex which seem to be manipulated a lot less than equities and options.
You want a trade call? Well I bought AUDJPY 2 days ago when it was at 100 and Im not planning on selling anytime soon. I have a stop at breakeven, I may raise it overtime, but I doubt it will ever retrace. I will close the trade when /if Abe gets voted out. Im up by $1700
I guess technically not a day trade since im holding but most my forex trades are open for 8-16 hours.
Well done for making a call. I did say it wouldn't matter if people called it out after the trade has gone into profit. Some people don't even dare to do that. My asking for a call out is not so much as to see if they make profit or loss, rather if they know what to do as events unfold.
You can certainly feel confident of holding while you are in profit. But profits have a way of evaporating rather quickly. If you don't take it, they will. AUD being one of the weaker currencies at the moment, the chance of evaporation is rather high.
So are people making money from these youtube call outs ? Where did you get your "correctly" way from, youtube ?
I took a couple of gambles myself earlier. short GBP/CAD, long CAD/JPY. Both are in small profit. But not much of the day left. So they will break even or close out for small profit.
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remember, forex is unregulated and i wouldn't believe any shill from one of those places. that entire business is a scam. so many forex shops just close, or have stale quotes, or just rob you......
anyhow, we are talking wall street. they get a bonus based on how the group does, and that usually means one or two guys control the group. i knew a guy his bonus was 800k, and i have no idea his salary. i also knew a guy who lost 1 million and have no idea if anyone got a bonus that year. i would guess the beginner guy makes 100-150k a year and the head guy does over 1 million. if you want to figure that out per day, whatever....doesn't matter. some trade all year, break even, make 500k. plus they get good benefits, 401k, etc....and paid time off.
anyhow, we are talking wall street. they get a bonus based on how the group does, and that usually means one or two guys control the group. i knew a guy his bonus was 800k, and i have no idea his salary. i also knew a guy who lost 1 million and have no idea if anyone got a bonus that year. i would guess the beginner guy makes 100-150k a year and the head guy does over 1 million. if you want to figure that out per day, whatever....doesn't matter. some trade all year, break even, make 500k. plus they get good benefits, 401k, etc....and paid time off.
Well done for making a call. I did say it wouldn't matter if people called it out after the trade has gone into profit. Some people don't even dare to do that. My asking for a call out is not so much as to see if they make profit or loss, rather if they know what to do as events unfold.
You can certainly feel confident of holding while you are in profit. But profits have a way of evaporating rather quickly. If you don't take it, they will. AUD being one of the weaker currencies at the moment, the chance of evaporation is rather high.
So are people making money from these youtube call outs ? Where did you get your "correctly" way from, youtube ?
I took a couple of gambles myself earlier. short GBP/CAD, long CAD/JPY. Both are in small profit. But not much of the day left. So they will break even or close out for small profit.
Knowing when to close can be difficult. I normally have a target in mind. The next resistance level or psych level. For this trade I admit I dont. Heres why: USDJPY 120 is a multi-decade resistance level that was just breached. I think now that its breached the devaluation will really pick up. If it goes nowhere the next few weeks, or if the BoJ talks up the currency like they did 1-2 weeks ago, I'll admit Im wrong and may close out my position.
The yen is so whipsaw-y it is hard to enter so I hate to close now that I have a comfortable gain from my entry. The volatility was part of the reason for choosing AUDJPY which to me (and this is completely subjective) seems a little less erratic than USDJPY. Also it recently bounced off of the 100 support level, so I seen that as a good entry and took it. I agree though USDJPY would be better.
The forex4noobs videos helped me a lot. He does all technical analysis though. I like to keep fundamentals in mind as well.