What i currently understand is:
1. These rules don't kill the retail trader ,especially the old one. They may decrease the participation of new traders. But for those that truly want to learn ,it will actually be a blessing of some kind ,since they will be more carefull not to lose money faster ,because of the low leverage-high margin-big first deposit.
2. Our trading doesn't get very affected. There will only be a change of position trading timing. Scalpers are ok ,Intraday are ok ,longterm are ok. It is my opinion that the best ,most safe ,most accurate and most manageable money management is always FIFO type.
3. These rules will "force" people to learn how to read the market better.
Better entry timing = less stoploss stress ,better exit analysis = FIFO order management. It is what the behaviour of the markets accept better anyway.
4. People will look at multiple timeframes and will trade more styles from shortterm to longterm ,which is always a FIFO type of trading. They will not open positions from reading a few timeframes ,messing up the timing ,but every position will have it's specific lifespan and identity. More accurate trading.
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If they want to make people poorer ,they will only manage to make people more disciplined. And they will never ever totally kick off the retail trader ,for they will lose ,except if the plan is extreme poverty in every sector ,to make us all slaves. They have money anyway.
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And a stupid question:
If we can not close orders from the open positions window ,how do we close them?
1. These rules don't kill the retail trader ,especially the old one. They may decrease the participation of new traders. But for those that truly want to learn ,it will actually be a blessing of some kind ,since they will be more carefull not to lose money faster ,because of the low leverage-high margin-big first deposit.
2. Our trading doesn't get very affected. There will only be a change of position trading timing. Scalpers are ok ,Intraday are ok ,longterm are ok. It is my opinion that the best ,most safe ,most accurate and most manageable money management is always FIFO type.
3. These rules will "force" people to learn how to read the market better.
Better entry timing = less stoploss stress ,better exit analysis = FIFO order management. It is what the behaviour of the markets accept better anyway.
4. People will look at multiple timeframes and will trade more styles from shortterm to longterm ,which is always a FIFO type of trading. They will not open positions from reading a few timeframes ,messing up the timing ,but every position will have it's specific lifespan and identity. More accurate trading.
-----------
If they want to make people poorer ,they will only manage to make people more disciplined. And they will never ever totally kick off the retail trader ,for they will lose ,except if the plan is extreme poverty in every sector ,to make us all slaves. They have money anyway.
-----------
And a stupid question:
If we can not close orders from the open positions window ,how do we close them?