Disliked{quote} Because profit must be considered on a consistent long term basis, never on low spreads.Ignored
Is it Possible to Hide Main chart/Main Window? 6 replies
Do you believe tight stop-losses cause losses in the long run? 76 replies
Do you believe fixed stop-losses cause losses in the long run? 16 replies
Survey: Reason for Trading 6 replies
The REAL reason why nearly every trader fails. Can you solve this trading dilemma? 85 replies
Disliked{quote} The premise of this thread is that trading costs are the reason for trading losses. I think it's clear that this is a false claim. As far as trading efficiency, if a 2 pip spread going into and out of a position impacts your trading efficiency, you trade very differently from me. I reach for no less than 50 pips per trade. That's 50 pips for me, and 4 for the broker (2 going in and 2 coming out). If someone requires 25 trades to capture the same 50 pips, then that's 50 for them 100 for the broker (25 trades time 2 pips to enter and 2 pips...Ignored
Disliked{quote} The premise of this thread is that trading costs are the reason for trading losses. I think it's clear that this is a false claim. As far as trading efficiency, if a 2 pip spread going into and out of a position impacts your trading efficiency, you trade very differently from me. I reach for no less than 50 pips per trade. That's 50 pips for me, and 4 for the broker (2 going in and 2 coming out). If someone requires 25 trades to capture the same 50 pips, then that's 50 for them 100 for the broker (25 trades time 2 pips to enter and 2 pips...Ignored
Disliked{quote} you don't pay the spread twice. You pay it when offer gets triggered (opening a position if buying, closing a position if selling).Ignored
Disliked{quote} You must not be paying attention. If your broker has a 2 pip spread, you pay that spread when you enter the trade, and you pay the spread when you exit your trade. Your entry is a trade, Your exit is another trade. The GA right now is (bid/ask) 1.8053/1.8057. You buy at 1.8057. You are down/pay 4 pips. Later, your position is 1.8125. You decide to close the position. To close that buy position, you actually are selling a position. The spread at that time will likely be something like (bid/ask) 1.8125/1.8129. You close/sell, get 1.8125, and...Ignored
Disliked{quote} i dont have time to hash this out with you. to answer the question asked in the title of this thread; no, and thinking this is stupid. On the topuc of trade efficiency, costs only matter if you enter a lot of trades to capture the territory that should take a single trade. And yes you pay the spread taking the trade and exiting the trade. If you dont get that then you are a broker's dream client. Good trading everyone.Ignored
Disliked{quote} Wrong, you only pay the spread once. Have you ever heard of traders earning the spread? This is basically what HF algos do all day on the futures market. They place and pull orders constantly, not to get orders filled, but to gain optimal book placement so they can earn the spread. Do trading costs matter? Of course they matter. If you run any business, are you going to keep track of your overheads and keep them as low as possible. It is a little disturbing that a so called "high impact" poster fails to comprehend basic market mechanics....Ignored
Disliked{quote} From my trading today: I entered a trade on the G$ at 1.2522, with a spread of approximately 2 pips. When PA hit 1.2485, I moved my stop to 1.2492. PA moved to 1.2492, at which point my broker executed a buy order at 1.2492, which is what happens when a stop is hit, which cost me 2 pips. Hope that clears it up for you and BubaYaga. And regarding your smart ass derisive comments, go fuck yourself. Both of you.Ignored
Disliked{quote} Bro, i am having a great week so i am gonna share you a link, it's really basic forex 101 that you only pay spread once. Seriously, paying twice is the first time i heard it and coming from a red badge member. yea totally agree on the blind leading blind here. https://www.babypips.com/learn/forex...-forex-trading I think i understand where you are coming from if you are only trading the larger timeframe as you won't notice the small difference of the spread. Using G$ as an example is really bad, try to think using...Ignored
Disliked{quote} You must not be paying attention. If your broker has a 2 pip spread, you pay that spread when you enter the trade, and you pay the spread when you exit your trade. Your entry is a trade, Your exit is another trade. The GA right now is (bid/ask) 1.8053/1.8057. You buy at 1.8057. You are down/pay 4 pips. Later, your position is 1.8125. You decide to close the position. To close that buy position, you actually are selling a position. The spread at that time will likely be something like (bid/ask) 1.8125/1.8129. You close/sell, get 1.8125, and...Ignored
Disliked{quote} Ok, let's price is 1.8053/1.8057. If you buy at 1.8057 and immidiately close position at 1.8053, where is second spread you're talking about? Actually, we don't "pay the spread", even one. We just can't close position at the same price we opened it In this case we should analyze average spread on instrument / average execution spread for order types we use / or average spread during hours we trade. Just to know how much we will pay in average for each deal. Plus commission and slippage, of course.Ignored
Disliked{quote} I buy at 1.8057 only if there is room for the trade to go 50 or 60 pips. Buying at 1.8057 with a 2 pip spread costs 2 pips. When the trade hits, for example, 1.8117, I move my stop to, say 1.8105, using a software tool that works with my broker station. If PA moves back to my stop, I lose 2 pips relative to just clicking out or setting a limit order. A real life example is with the GA. Last night I bought at 1.7919, with targets at 1.7956, 1.7966, and 1.7986 (if you understand fib levels, that makes sense to you). My trading tool moved my...Ignored
Disliked{quote} If you enter with spread 2 pips and exit with spread 4 pips, your average execution spread is 3 pips. If you trade 100 times with such spreads, your avg. exec. spread will be again 3 pips. So, you know your estimate cost of each trade. Of course, market can be different, and next trade can be closed with spread 10 or 50 pips on news. But it has not sense to sum up open and close spread to calculate estimates. Hope, I put it quite clearly.Ignored
Disliked{quote} Of course, you should pay. But why you should pay more? You can take coffe for $5 or for $4.5. If you drink it every 5 minutes, you see the difference at the end of day. This topic is about how to analyze trading costs and how to select broker with low costs.Ignored
Disliked{quote} You are still wrong. Whether you trade with stops or not you still only pay the spread once. I am sorry I called you a clown as it is becoming clear you actually have some sort of intellectual disability. And now I feel bad for you.Ignored