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- wadewade replied Jun 5, 2012
Obviously its different for everyone. For me knowing i have enough cash sitting in a non trading, high interest account to last me atleast 2 years of my current standard of living does the trick. Although when i started out i didnt have this luxury ...
- wadewade replied Jun 4, 2012
25. If you were granted a wish to be able to instantaneously acquire one trading skill, what skill would you choose? I think i would take supermans spinning the earth to turn back time, that would be handy.
- wadewade replied Jun 4, 2012
Agreed, I got through it years ago thinking only 10% of it was worth reading. I usually read trading books a few times to get the most out of them. Just picked this one off the shelf bookmark is on page 24 shows how much i care for reading it! ha! ...
- wadewade replied Jun 4, 2012
Yeah its a horrible read he really drags on and on about irrelevant stuff. A few good points in there though, like the observe youself chapter hit home for me.
- wadewade replied Jun 4, 2012
No, I'm not looking into forex im quite happy in fixed income but like you said I find trading forums relevant even if its different markets. As far as different markets go some behave completely different to others, execution in more/less liquid ...
- wadewade replied Jun 4, 2012
Mate i take my yearly trip to Fiji to reflect on my trading and get a tan/burn. I wasn't much of a fan of 'trading in the zone' I prefer the old blank piece of paper full of new ideas/plans.
- wadewade replied Jun 4, 2012
To clarify i was trading equity futures at the same firm
- wadewade replied Jun 4, 2012
Yes I started trading full time equity futures and then moved to bond futures at a prop shop. whats your point? Some people suit different markets.
- wadewade replied Jun 4, 2012
Well personally i dont have experience in spot forex but i have friends who have and are very keen on prop positions because of lack of capital. Also don't forget you can have more of a crack at a prop firm knowing if you lose a fortune you aren't ...
- wadewade replied Jun 4, 2012
Why not trade another market on a simulator? too many traders end their careers early without trying different markets/ strategies. I started out trading a volatile market (equity futures) i lost money everyday for 6 months untill i gave myself ...
- wadewade replied Jun 4, 2012
I'm in fixed income futures, the firm offers pretty much any futures contract and australian equities. There are a few Forex traders here mostly trade currency futures. Not going to get into profit split details but its fairly reasonable and gets ...
- wadewade replied Jun 4, 2012
I agree it should be simply based on what you're willing to lose, using these account calculations can be dangerous. If your not feeling the market and you're not performing well then you really shouldnt be trading with much size at all. Any trading ...
- wadewade replied Jun 4, 2012
Hey mate moving to a prop firm can be a good option but its not for everyone, its alot more intense and you will be consistently under pressure untill you prove yourself. Im working for a prop firm in sydney your best bet would be to move here or to ...
- wadewade replied Jun 4, 2012
Started with a dead stop on my career at 10k never got close to it. Decided i would never size up untill i was in the green and that was a very simple rule to avoid blowing up. I think its fair to say by having such a small initial account it will ...
- Posts by Member Search: 'wadewade'