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Hi Chief n All,
Just want 2 say thanks for everything ur teachings in this wonderful thread has had a positive impact in my life. You have taught me d act of generousity n free given and that I will never forget. One of the many lessons my father taught me was a good name is better than all d money one can acquire, and thats one of your many teachings throughout of this thread bout Honour. The many sharing of personal life stories on this thread inspires me greatly n makes this thread the best on FF. Thanks Chief n all TAF family may d good Lord bless n strengthen us all.
Quoting imjscn
Thanks for sharing your story Phil.
It's my fault to have an emotion burst. I will learn to live with the situation.
Sorry for disturbing the thread.
Do not be sorry for disturbing the thread. We are enriched by your presence and concern for others. Ray
Quoting zerosum
Hi Chief n All,
Just want 2 say thanks for everything ur teachings in this wonderful thread has had a positive impact in my life. You have taught me d act of generousity n free given and that I will never forget. One of the many lessons my father taught me was a good name is better than all d money one can acquire, and thats one of your many teachings throughout of this thread bout Honour. The many sharing of personal life stories on this thread inspires me greatly n makes this thread the best on FF. Thanks Chief n all TAF family may d good Lord...
zerosum
blessings

regards
Quoting 1234
Do not be sorry for disturbing the thread. We are enriched by your presence and concern for others. Ray
1234


Thanks all my friends for being around with your strengths.
now i just try to rest.
God Bless all,

regards
N Trader


thanks for your kind words.


Regards


Phil.
-be careful about what you allow to be put in your mind-
Hey, traders....
Im a Neurosurgeon, if I can help in any way, please feel free to contact with me at any time.
My english is not so good, but we can deal with that.
Hello Chief fti and everyone, back from holidays and see euro at 132 which I left at 127 almost three weeks ago. Will start trading in a day or two, hope everyone is doing fine.

Regards
I like to know if im right with this............
Image Im ready for start dance, I check the enemy and the territory.
I decide enter my fisrt scout.
Litle later my first scout is traped.
"where" in the territory is traped make any diferent to plans some rescue.?
Like, if he is trap close to my enemy have strong force ... dont make sense.
Or if he is traped close to my big force then, go head to rescue.
Thanks in advance for your time
Quoting imjscn
Hi, guys,
Sorry for the mess. I'm not ok. but fti mistaken my words.
My eye problem become permenent. A few months ago I had eye infection, it recovered but now I have a thing on left eye, it's going to be permenent. I think I'm f..ked up, fnished. But didn't mean to die.
Don't worry about me, turn your eyes to see something else more pleasant. Thanks for caring.
Good to know you are doing fine.... It's good to see all TAF, members healthy... And IA ms ure whatever you want are going through you will find solutions god willing

V
Quoting imjscn
Hi, guys,
Sorry for the mess. I'm not ok. but fti mistaken my words.
My eye problem become permenent. A few months ago I had eye infection, it recovered but now I have a thing on left eye, it's going to be permenent. I think I'm f..ked up, fnished. But didn't mean to die.
Don't worry about me, turn your eyes to see something else more pleasant. Thanks for caring.
Glad to hear that you haven't done anything drastic. I'm sure Fti is breathing a sigh of relief as well.

Your not finished. Press on and find another way to do what you want.

Never say never. It's just a set back and not an end.

I wish you well and hope that you find a way to keep moving forward.

Good luck and prayers
Mike
http://www.zerohedge.com/news/its-of...t-first-many-s

whats difference between slavery and this???


V
Quoting indianguyinny24
http://www.zerohedge.com/news/its-of...t-first-many-s

whats difference between slavery and this???


V
Thanks for sharing, V.

Some wars were fought and won by tanks and missiles... Others by....

regards
We are only as good as our last trade -fti
imjscn,

I hope you get trough this "curveball" that life threw you and I'm glad that fti misinterpreted you.

Fti, I just want to mention that, like everyone else, I've been trough my peak and valleys and this thread has helped me out a lot in sorting out some of those periods. You should feel a lot of pride in what you have accomplished with this thread and the effort put on passing your knowledge. It's been very generous and I'm sure you have influenced most of the people here in a positive way.

Regards,
Quoting fti
This is going to be the saddest day of my life.

Now maybe i can understand the dream i had.
The feeling are with me now.
I can feel the forces, only now is real.
Is not while i am sleeping.

It is so sad that i wish i never embarked this journey to teach about my profession.

Is only short story.
But is real life story.

As I started this thread to help leighsww, develop her trading skills.
The thread attracted a middleage woman, her callsign is imjncn.
According to what i know, she is a very educated chinese national in beijing from the Peking...
Another way of looking at it is that you had extended her life by 3 years since she had lost most of her capital then and you gave her hope to try and recover most of it. Maybe the tr...... got to her, assuming she did do what she said she would do. We are never ever responsible for someone else life unless its a baby's life. even then if the big man upstair wants to revoke ones licence to live no one else can intervien or stop it.
Without sounding heartless here is some of us sitting her wanting mentership but not wanting to ask and she got it and throwing it away. by the way I wonder what ever happen to leigh. her journal havn't been touch for a while.
I had Been thinking alot.
This the result.

AGAINST THE ODDS.
----------------

I seem now see another perspective to Forex trading.
One side of the coin I had not noticed.
Mainly because all career, I had been under the protection in Banks.
Banks paid me salaries, hardship allowance and some profit sharing.When things were slow, there's still income to go on.

For a person , taking on the markets, they are like enterpreneurs, who start their own trading companies.
When times are slow or difficult, they still have cost of living of their companies, rents, utilities,++++++.

What keeps them able sustain is to have reserves( savings) to carry the bad times until times are good when the profits starts rolling in. So to be able to trade with right mindset, massive capital is a prerequisite.

In other words one must have set a side a good nesting of life expenses segregated from the capitals for trading.
When trading , if the profits not roll in fast enough, they need fulfill living cost and these can eat into the capitals.
Most damaging is when it eats into the mindset making traders desperate.
If traders starts with losses. Is even more damning. If you look at the recovery table i gave much earlier in the thread, you may realise if you loss to 50% of your capitals you will need make quite a miracle to recover just to break even. Performance in excess of 100% ROIs, not withstanding the cost of trading and living. Not forgeting the time equation.Time wasted. Imagine spending 3 years, P&L is still flat due to expenditure. What a pain.

So this forex trading is really not for everyone.
Its a capital and skills learning curve of life.

For me retired old and sick, is an alternative to living, adjustment for the aged, if you like. For youths, is a risk of life. Mostly because they still have alternative productivity if they choosed otherwise. Most painful is also that they not have nested savings like me retirees have to sustain them until they matures in their learning curve of trading performance.

So if you are gainfully employed, and not old or sick. It is best you think very carefully before you embark on this journey.

The methodology i presented requires professional focus and may not be viable for those whose indulgement in trading is on investment or part time basis. Juggling between what you need do in your native professions and the stress and wear that professional trading will most certain be a drain on your energies & health.

imjscn, she gave a software on this thread , flux. Was her goodwill to this thread. This because she follows my advice of focus on markets very seriusly. I didn't realise that the requirements of focus on markets can actually damage, eyesight and computer moto sickness due to extended times watching and on computer system. I am old , so i feel the deterioration in eyesight and moto pains as things i have to accept because of ageing, but in fact if you are aware of these computer related sicknesses, it affects all who are on computers for excessive times. The recommended screen time on computer monitors is 10 mins. In 10 mins we can hardly get a feel of what markets are up to. So beware of this is also one of the professional hazards, the price we pay for our indulgence. May be i should title this "Get a life, Trading is hazzadous?"

Just thinking aloud,there's much noise in my mind, so i try organise the many thoughts, by write here about it. So pardon for it being in pieces here and there.

regards

Now thinking, What is the crtical mass of capital required? What does trading for peanuts do except for learning?
Quoting imjscn
Thanks for sharing your story Phil.
It's my fault to have an emotion burst. I will learn to live with the situation.
Sorry for disturbing the thread.
Just read that last few pages, sorry to hear about your injury. I'm confidently sure everything will be ok with some time.
Nevertheless, please let us know if there's anyway of helping.
Peking university huh? I know a few grads from there, mostly on the portfolio side.

@fti
The banks never pay their traders as much as they should as well.
Rgds
Quoting jacson101
Just read that last few pages, sorry to hear about your injury. I'm confidently sure everything will be ok with some time.
Nevertheless, please let us know if there's anyway of helping.
Peking university huh? I know a few grads from there, mostly on the portfolio side.

@fti
The banks never pay their traders as much as they should as well.
Rgds
jack,
no matter is still good living. no?

regards
Quoting jacson101
Just read that last few pages, sorry to hear about your injury. I'm confidently sure everything will be ok with some time.
Nevertheless, please let us know if there's anyway of helping.
Peking university huh? I know a few grads from there, mostly on the portfolio side.
Thanks Jack!
Shame on me. A combination of eye problem and low spirit made me a selfish creature. When fti scolded me for my trading mistake, all negative words automatically popped out from me, I didn't realize how negative I sounded.
Anyway, I'm now waiting for further steps on the eye treatment. There's nothing others can do. but your caring encourages my fighting spirit. Thanks!
I'm pround that I have classmates in top banks
Quoting fti
I had Been thinking alot.
This the result.

AGAINST THE ODDS.
----------------

I seem now see another perspective to Forex trading.
One side of the coin I had not noticed.
Mainly because all career, I had been under the protection in Banks.
Banks paid me salaries, hardship allowance and some profit sharing.When things were slow, there's still income to go on.

For a person , taking on the markets, they are like entrepreneurs, who start their own trading companies.
When times are slow or difficult, they still have cost of living of their companies,...
FTI,


IMHO,


When this discussion ends you need to ask Twee to move it, or at least copy it to the first few pages of your thread….. not only is it important to know the “how” as you have set out in this thread, but also one needs an accurate, honest assessment of the true cost and the ability to succeed, in that one can pay the bills, taxes and safely set aside for tomorrow. Your assessment or inferring that trading is like a business, and the trader as a entrepreneur, is correct. Every good business person, when entering a new business, putting their money to work, lays out a business plan in which all estimated costs are listed, projected profits are calculated (a subject for later discussions as this is truly an unknown in this business ) and the needed capital to at least give the new business a viable chance to succeed. From there one can determine if the risk is worth the possible reward.


There are many parallels that can be drawn from Business Failure Data:
US Gov. SBA, small business administration states 50% of businesses fail in the first year, 90% are out of business in 10 years……….. Do these percentages ring any bells to anyone?


The top 10 reasons:
1. Lack of experience
2. Insufficient capital (money)
3. Poor location
4. Poor inventory management
5. Over-investment in fixed assets
6. Poor credit arrangements
7. Personal use of business funds
8. Unexpected growth
9. Competition
10. Low sales


In your opening post you set out the recipe for success, one of the main ingredients was Capitalization. But how do you figure what is needed, what’s enough? First one needs to define their needs, their budget to determine that. Then one can start to put together a plan for success. But to add from personal experience, I’ve been in business for myself for the last 22 years,(non-trading) I would never put my business into a position that would jeopardize its future on one move. But as traders it seems we are all too often eager to do just that?


That’s not even getting into the psychology of waiting on the markets, as you suggested, having the ability to feed ourselves in the mean time, as the pressure to make profits are there regardless of current market activity. It was explained to me long ago that to trade effectively you need to be risking only a small part of what you have in your boot? ( a gamblers term, for your account). Trading as job, as your main source of income, has its own unique set of problems, mentally, emotionally, financially.


Just some random thoughts………

Regards,
Quoting fti
I had Been thinking alot.
This the result.

AGAINST THE ODDS.
----------------

I seem now see another perspective to Forex trading.
One side of the coin I had not noticed.
Mainly because all career, I had been under the protection in Banks.
Banks paid me salaries, hardship allowance and some profit sharing.When things were slow, there's still income to go on.

For a person , taking on the markets, they are like enterpreneurs, who start their own trading companies.
When times are slow or difficult, they still have cost of living of their companies,...
Chief,

Another prespective...

This thread is more then 4 years old...and many variations of people are there in this thread..e.g. Full time trader like you or Niels,another one who has full time job Like me...many others...ask all thee experience and what they got out of it...

Now i can share my prespective...if you want to this way you can take many prespectives...

V

PS: i think i shared with you some thoughts like year ago about same time when i put myself on full time trading shoes..
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