[aediaz1]

• Other/new strategies doesn't interest you at all
• You don't care about other's point of view regarding the market
• What you see/interpret from a chart/macroeconomics successfully, cannot be explained nor understood by any others than yourself
• You rarely need more than a few seconds to decide if you have a scenario or not
• You get more picky (and conservative) about trading-scenarios
• You can't understand why people need more than 1:10 gearing
• You understand that you cannot be short and long at the same time on a currency-pair (hedging)
• Not even slightly concerned about the fact that most participants lose money in the long run
• "Getting it" have been the slowest yet some of the most exciting process in your life

Feel free to add =)

[PeterFM]

You looking at me...

[silverheat]

• being profitable
• not caring about winning or losing trades
• no need to be in the market all the time, no anger if missed a trade
• seeing ones former errors in other newbie posts, and smiling about it ... eventually trying to help them
• knowing oneself, ones reaction to certain environments and having optimized ones response to it - i.e. knowing what to do and when to do it

[jtrade]

* no interest in reading retail fx forums...

[silverheat]

in one sentence:

if trading feels like brushing your teeth in the morning

[aediaz1]

Originally Posted by PeterFM

You looking at me..

...."then you're looking at trouble"

[Agro]

Very nice. Although there are reasons as to why one would want to use greater than 1:10 gearing

[aediaz1]

Originally Posted by Agro

Very nice. Although there are reasons as to why one would want to use greater than 1:10 gearing

There is, but most likely with an negative outcome

[Agro]

Originally Posted by aediaz1

There is, but most likely with an negative outcome

lol

Well, depends on the reasons I guess. For me, I like to have as little money in my brokers account as posible. Generally I will only keep 20-30% of my bankroll with my broker. This is where higher leverage comes in very handy in my mind. I see forex brokers as a risky option compared to a big established bank. Also, I recieve a higher interest rate with my institution, which adds to my return. High leverage equals less risk as far as I am concerned. This is what annoys me about the new regulations regarding leverage, they are trying to nanny us into reducing risk, where in actuall fact they are increasing it for the sensible trader.

Guess I am just nit picking your post though, I see the point you are trying to make. Even though I am relatively short term in my outlook and use quite tight stops, I rarely find myself more than 5:1 on my entire bankroll, and have never been more than 10:1. Cannot fathem how people will use 400:1 leverage on their entire bankroll and expect to be in the game more than a couple of days.

[aediaz1]

Originally Posted by Agro

lol

Well, depends on the reasons I guess. For me, I like to have as little money in my brokers account as posible. Generally I will only keep 20-30% of my bankroll with my broker. This is where higher leverage comes in very handy in my mind. I see forex brokers as a risky option compared to a big established bank. Also, I recieve a higher interest rate with my institution, which adds to my return. High leverage equals less risk as far as I am concerned. This is what annoys me about the new regulations regarding leverage, they are trying to nanny...

That's some of the best ways to exploit leverage in your favor, IMO. I do it myself :=)

[>Apocalypto<]

Originally Posted by aediaz1

[list][*]Other/new strategies doesn't interest you at all[*]You don't care about other's point of view regarding the market[*]What you see/interpret from a chart/macroeconomics successfully, cannot be explained nor understood by any others than yourself[*]You rarely need more than a few seconds to decide if you have a scenario or not[*]You get more picky (and conservative) about trading-scenarios[*]You can't understand why people need more than 1:10 gearing[*]You understand that you cannot be short and long at the same time on a currency-pair...

great post, agree with it all!

[mikkom]

Originally Posted by aediaz1

• Other/new strategies doesn't interest you at all

That's a bad sign IMHO.

[>Apocalypto<]

Originally Posted by mikkom

[/list]That's a bad sign IMHO.

if you had a system/set of rules that fitted you perfectly and you made consistent pips that exceeded your idea of a target on most weeks. Why would you muddle up your mind with greed to try and make more???

i see your point of always keep an open mind, but at some point you need to have your way and if it's working to near perfection for you, why muck around with ideas that could set you back in your development?

cheers,

[mikkom]

Originally Posted by >Apocalypto<

if you had a system/set of rules that fitted you perfectly and you made consistent pips that exceeded your idea of a target on most weeks. Why would you muddle up your mind with greed to try and make more???

i see your point of always keep an open mind, but at some point you need to have your way and if it's working to near perfection for you, why muck around with ideas that could set you back in your development?

cheers,

Because you can divide the risk between your portfolio strategies and get smoother curve.

I trade 26 strategies simultaneously myself and I'm always looking for new non-correlated strategies.

[>Apocalypto<]

Originally Posted by mikkom

Because you can divide the risk between your portfolio strategies and get smoother curve.

I trade 26 strategies simultaneously myself and I'm always looking for new non-correlated strategies.

Fair point, as I stated that's what works for you, that may not work for me or another trader.

I suck eggs on any method above 1min! My personality is set to trade 1min times.... If I don't concentrate on my method and muck around with other things my trading suffers as I need to be in the zone and at one with my rules. but that's me, we're all different as you have pointed out in your post.

based on my experience the original point has a lot of merit.

Cheers,