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- 405 Results (1 Thread , 404 Replies )
- riclater211 replied Jul 24, 2021
Hey here2there, In general this forum is trash. Most don't listen or are to lazy to do the actual work. The ones that do listen in the beginning end up asking the same questions over and over and even more argue because what they have been lead to ...
- riclater211 replied Jul 21, 2021
Hey RickM, I would say if you want to try and make a good portion of your living with day trading, any trading really, you will need a sizable account. In my early years of trading I was working a couple of part time jobs. I downsized my life and ...
- riclater211 replied Jul 21, 2021
Hey RickM, Position size is very important indeed. It was one of the main reasons I stayed with Oanda for so long. Oanda has its issues but one thing that remains is the ability to fully customize lot size. I found that very important in my early ...
- riclater211 replied Jul 21, 2021
Hey ryuryu, Longer term trading in no way sucks. Just so you know. - Ric
- riclater211 replied Jul 21, 2021
Hey All, It seems to me that a major issue that is still going in this thread is day traders and scalpers are trying to defend the fact that they day trade/scalp from traders who don't. I said it once and I will say it again. There is no wrong way ...
- riclater211 replied Jul 17, 2021
Hey RickM, I get what you are saying now. Makes more sense. You can not trade all vehicles the same. Stocks trade differently than FX or futures. Corn and Wheat are different from Crude and the Euro. Day trading and scalping is different from swing ...
- riclater211 replied Jul 17, 2021
Hey ryuryu, Real estate is a good investment but it is longer term. It is hard to make money on real estate instantly because of the huge costs and ongoing costs. Tax treatment is great in real estate because of all the write offs you can get, in ...
- riclater211 replied Jul 17, 2021
Hey BW, I feel like I must chime in and say that I do not know anybody, including myself who solely makes a living on trading Forex. The 1st rule of making money is never place all your eggs in one basket. I will tell you a quick story. In 2010 CFTC ...
- riclater211 replied Jul 17, 2021
Hey ryuryu, I love your honesty. I myself have no formal training. I have never worked in any type of finance or bank other than being a a telemarketing wank for half a summer at a mortgage broker. What a dreadful job. Everything I learned was from ...
- riclater211 replied Jul 17, 2021
Hey RickM, I do agree with you that trading is lonely. My family still does not fully understand what I do. Neither to my closest friends. I just tell people I am an financial analyst, which isn't untrue. That is the main reason I come and go on ...
- riclater211 replied Jul 17, 2021
Hey BW, I am re-reading what I posted. What did I see to cause him to react like that? I 100% agree with you. The internet is not safe. This is not a secure site. - Ric
- riclater211 replied Jul 17, 2021
Hey RickM, I know I am typing in English. Why do feel that you need to brag about the accounts you have. That is not very safe. I am not asking for anything. I said you are doing a good job day trading and good luck. Is English not your first ...
- riclater211 replied Jul 16, 2021
Hey DojiSan, Ever since CVC has taken over it has gone done hill. I use TradingView for all my Forex Trading. You can connect Oanda alive and demo through it. Since you are not talking about MT4. - Ric
- riclater211 replied Jul 16, 2021
Hey BW, I have been eating crap for it for years my friend. The people I personally know also give me crap for trading longer term. However we know and respect each other because we all proved to each other we are F.O.S. - Ric
- riclater211 replied Jul 16, 2021
Hey BW, Very well said. I think it is also hard to convey what we are saying since it is in text form. No tone or facial expressions. Mix that with ego and you get a lot of folks getting feelings hurt. Which is silly. Very few of us personally know ...
- riclater211 replied Jul 16, 2021
Hey RickM, You do understand I am not trying to slight you or go against you. No need to defend yourself. I was stating that you are under estimating yourself. You are doing good. I mentioned before that I have more than a few colleagues and friends ...
- riclater211 replied Jul 15, 2021
Hey RickM, I did say 2% OR LESS. That 35% was an example. If you risk $250 like you say and collect $50 you just returned 20% on your risk. If you make $5 you just returned 2% on your risk. Get what i am saying? Also I am not a day trader. Have not ...
- riclater211 replied Jul 15, 2021
Hey BWiliam, Great post. While a agree with most of what you say, I also want to add that I did have to start small on the lower time frames. I continued to work and add funds from jobs and any profits that I made. As time went on and I got older ...
- riclater211 replied Jul 15, 2021
Hey RickM & ryuyryu, Risk to reward ratios are under the same category as win loss/ratios. Junk. It means nothing. They only thing you can control with a good amount of certainty is risk. Sure you can risk 50 and want to get 100 for a 2 to 1 ratio, ...
- riclater211 replied Jul 15, 2021
Hey cuchuflito, Great post. It is disgusting how much a trader loses if they decide to hold a trade. I swear, this whole retail trading, FOREX, FUTURES or otherwise is designed around convincing people that day trading and scalping is the best way. ...