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  • #101
  • Feb 28, 2020 12:57pm Feb 28, 2020 12:57pm
Quoting HeyYou
{quote} absolutely, f**k stop losses. start small, make it big... if you can!

btw I don't mean to make a million.. I just need a new PC!
  • #102
  • Feb 28, 2020 2:25pm Feb 28, 2020 2:25pm
Quoting HeyYou
{quote} btw I don't mean to make a million.. I just need a new PC!
You will not make money from trading with this mindset
  • #103
  • Feb 28, 2020 2:39pm Feb 28, 2020 2:39pm
Quoting W1llbam
{quote} You will not make money from trading with this mindset
we'll see!
  • #104
  • Feb 28, 2020 6:20pm Feb 28, 2020 6:20pm
Quoting HeyYou
{quote} btw I don't mean to make a million.. I just need a new PC!
Man, glad you brought it up, was just talking about this yesterday... My server(s) reached the limits yesterday, were lagging and almost missed some trade (exit)...
Glad had backup for this... Anyway, would like to join the idea somewhat.. I would re-invest quite some of the profits to seriously GEAR up.. BTW do you know any THREAD where people discuss hardware/software for trading? I mean either for REAL cpu power or just for the FEEL for it... I do not want to make any commercials here but I really love some comp solutions.... BTW, if you want to be mobile, would recommend one very light laptop, weights around 1kg... I tried all sorts of things but still can't see a full picture on my mobile, not even if I remotely connect to desktop/server... I still prefer to have at least laptop view at me, otherwise I trade with at least one eye closed, when trading manually

So would love to re-invest some profits in some MOBILE equipment, super-light laptop, light mobile phone (but capable)... found that above 150g, wrist can be stressed to much if you use it to much... Where if are talking about desktops/servers, now we are talking. Would basically chose from one of the top brands, reliability to be the most important thing.. And then to set it up in a good load balancing way, with 3-5 internet connection fail-overs, mirror VPS/DPSs around "world" and "death hand" closing strategy in case something happens and need to close positions in case of connection lost, just in case something happens and could not get from the market(s)... BTW it can happen and it did to some... were locked in positions and could not close it due to some serious tech problems... need alternate solutions... Well yeah mobile but still...
Can you afford to take that chance?
  • #105
  • Feb 28, 2020 7:19pm Feb 28, 2020 7:19pm
Quoting auricforecas
{quote} Man, glad you brought it up, was just talking about this yesterday... My server(s) reached the limits yesterday, were lagging and almost missed some trade (exit)... Glad had backup for this... Anyway, would like to join the idea somewhat.. I would re-invest quite some of the profits to seriously GEAR up.. BTW do you know any THREAD where people discuss hardware/software for trading? I mean either for REAL cpu power or just for the FEEL for it... I do not want to make any commercials here but I really love some comp solutions.... BTW, if...
If the server lags I assume you have a lot of charts opened and use a lot of indicators.

What I do to get around this high cpu usage is to set the lookback limit to 200. Also set the platform max input to 1500, solve this problem nicely.
Know what you trade
  • #106
  • Feb 29, 2020 1:42am Feb 29, 2020 1:42am
Quoting auricforecas
{quote} Man, glad you brought it up, was just talking about this yesterday... My server(s) reached the limits yesterday, were lagging and almost missed some trade (exit)... Glad had backup for this... Anyway, would like to join the idea somewhat.. I would re-invest quite some of the profits to seriously GEAR up.. BTW do you know any THREAD where people discuss hardware/software for trading? I mean either for REAL cpu power or just for the FEEL for it... I do not want to make any commercials here but I really love some comp solutions.... BTW, if...

Well I trade very low frequency, I'm going to hold those positions for a long time (unless I get stopped out ofc).

buy the dips kind of stuff.. little bit of backtesting just to measure the average volatility, no martingale, no pyramiding etc. simplicity in its purest form.. all I need is time not a fast PC. I need it for gaming lol
  • #107
  • Feb 29, 2020 7:04am Feb 29, 2020 7:04am
Quoting HeyYou
{quote} Well I trade very low frequency, I'm going to hold those positions for a long time (unless I get stopped out ofc). buy the dips kind of stuff.. little bit of backtesting just to measure the average volatility, no martingale, no pyramiding etc. simplicity in its purest form.. all I need is time not a fast PC. I need it for gaming lol
Still, it is nice to have RELIABLE comp... Portable, lightweight... And also good internet connection with fail-overs etc.) But if your comp is good enough for trading, as is, even better. I can say that most of the trading can be done even on most basic comp, even on mobile, with limited (over)views.. But the fine-tuning, micro details that can be done with better comp, more monitors etc... reliable speed, with backups etc... makes some difference also, increasing, sharpening the edge
Can you afford to take that chance?
  • #108
  • Mar 4, 2020 1:37pm Mar 4, 2020 1:37pm
Wow, I didn't calculate SWAPS.. 4.25 dollars in 3 days

Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 5 KB

is it normal !? if yes I'm going to give up already.
  • #109
  • Mar 4, 2020 2:28pm Mar 4, 2020 2:28pm
My name is Tetis

I'm an addict!

As a full-time trader I have been here almost every day for the past 13 years
Every day of the week even on weekends and holidays
between 12- 16 hours

Trading is my only occupation as well as my hobby, and this site is the hub of world traders gathering, and even Being on this site as a viewer seems to me a must.
  • #110
  • Mar 4, 2020 3:04pm Mar 4, 2020 3:04pm
Quoting HeyYou
Wow, I didn't calculate SWAPS.. 4.25 dollars in 3 days {image} is it normal !? if yes I'm going to give up already.
There are strategies, few understand that ZERO PIPs trading could be GOLD (or OIL) also. The key is in SWAPS, specially high leveraged trades
I used to make rather good money with swaps alone, but are now focusing in more "real" trading, but the though... Just have to find right pair and direction..
Certain (popular) markets offer exactly that.. good swaps.. it is nice to earn over weekend
Can you afford to take that chance?
  • #111
  • Mar 4, 2020 3:11pm Mar 4, 2020 3:11pm
Quoting tetis
My name is Tetis I'm an addict! As a full-time trader I have been here almost every day for the past 13 years Every day of the week even on weekends and holidays between 12- 16 hours Trading is my only occupation as well as my hobby, and this site is the hub of world traders gathering, and even Being on this site as a viewer seems to me a must.
Nice... Addicts have the natural motivation to STAY.. to be persistance.. Many successfull people are ADDICTS that just couldn't stop and there lied their STRENGHT!

Some nice links for you on the ADDICT topic...

Interesting book title... "Be obsessed or be average"...

Addicts have PERSISTENCE by DEFAULT
Inserted Video



Also, the successful addicts are the ones that CHANNEL this addiction/persistence into something "creative"

Inserted Video


And btw, few know that ADDICTIONS can (very likely) not be cured... only "taken care of"... or best, CHANNELED into something GLORIOUS, right?
Can you afford to take that chance?
  • #112
  • Edited 2:59am Mar 5, 2020 1:43am | Edited 2:59am
Quoting auricforecas
{quote} There are strategies, few understand that ZERO PIPs trading could be GOLD (or OIL) also. The key is in SWAPS, specially high leveraged trades I used to make rather good money with swaps alone, but are now focusing in more "real" trading, but the though... Just have to find right pair and direction.. Certain (popular) markets offer exactly that.. good swaps.. it is nice to earn over weekend
Intersting. But for position trading on major indices (which is what I intended to do), they just kill profits.
  • #113
  • Mar 5, 2020 1:45pm Mar 5, 2020 1:45pm
Quoting HeyYou
{quote} Intersting. But for position trading on major indices (which is what I intended to do), they just kill profits.
Sure, it very much depends on the pair... for example if you SHORT eurusd, you could make some nice swap profits at high leverage
Can you afford to take that chance?
  • #114
  • Mar 5, 2020 2:16pm Mar 5, 2020 2:16pm
Quoting auricforecas
{quote} Sure, it very much depends on the pair... for example if you SHORT eurusd, you could make some nice swap profits at high leverage
Collecting swaps are really more of a retail thing, you should focus on actually trading, if you're gonna spend time on it anyways.
  • #115
  • Mar 5, 2020 3:11pm Mar 5, 2020 3:11pm
Quoting W1llbam
{quote} Collecting swaps are really more of a retail thing, you should focus on actually trading, if you're gonna spend time on it anyways.
Maybe you are not aware of the ADDITIONAL profits (apart of the "actual trading") that lies in SWAPS... In fact it is part of the strategy.. for example selling eurusd brings additional profits due to swaps... Specially at high(er) leverages... But to each its own, if you do not like it, great
Can you afford to take that chance?
  • #116
  • Mar 6, 2020 6:32am Mar 6, 2020 6:32am
Quoting auricforecas
{quote} Maybe you are not aware of the ADDITIONAL profits (apart of the "actual trading") that lies in SWAPS... In fact it is part of the strategy.. for example selling eurusd brings additional profits due to swaps... Specially at high(er) leverages... But to each its own, if you do not like it, great
Obviously it's better to make swaps than not to make swaps, but if you make a strategy relying on swaps, personally I believe that profits will be much greater trading rather than swap profits, you can do it like that, but then it will essentially be more of managing a portfolio, rather than actually trading.
  • #117
  • Mar 6, 2020 10:01am Mar 6, 2020 10:01am
Quoting W1llbam
{quote} Obviously it's better to make swaps than not to make swaps, but if you make a strategy relying on swaps, personally I believe that profits will be much greater trading rather than swap profits, you can do it like that, but then it will essentially be more of managing a portfolio, rather than actually trading.
Found this to might be some temp strategy, when markets are either swinging or if one could position himself in some peak.. You do know you can increase account by up to 1%/DAY (or more) just with swaps? How much that brings per month you can do your own conclusions... But if your goal is at least 100%/month (or less), then yes, you would not be satisfied with this. Take care man.. BTW I do not post here what is so popular/widespread, I TRY to bring some additional views, edge that haven't been though before, aka "to expand your mind". Each one has the freedom to either try/accept/reject, that makes the market!

And in my book, if one is in ANY position, specially max on and specially with (high) leverage, that is trading in my book, even though the price might be swinging aka making zero PIP returns... but SWAPS can make the difference...
Can you afford to take that chance?
  • #118
  • Mar 6, 2020 11:40am Mar 6, 2020 11:40am
Quoting auricforecas
...about WHY ARE YOU HERE...
I'm 50+ years, 35 years of work experience, own a private business and in public service, and that includes serving in the Army in peace for 15 months and 40 months in a brutal war, front line.
Love life, from the stars to the bottom ...

My other passion besides trading is psychology-philosophy.
All I can say about this topic is that almost no one will ever reveal all their motives for doing something (or not doing). Of course there are always rare exceptions.

In real life, everyone will have an explanation, but it will always be and remain a rationalization of https://en.wikipedia.org/wiki/Ration...on_(psychology).
That's why I can't say the real reason why I'm here and I don't think anyone will even make it. We are guided by subconscious motives.

The assumption is that it is due to earnings, intellectual challenge and fun.

Good luck to everyone here.
  • #119
  • Mar 6, 2020 11:51am Mar 6, 2020 11:51am
Quoting Breza
{quote} I have 50+ years, 35 years of work experience, own a private business and in public service, and that includes serving in the Army in peace for 15 months and 40 months in a brutal war, front line. Love life, from the stars to the bottom ... My other passion besides trading is psychology-philosophy. All I can say about this topic is that almost no one will ever reveal all their motives for doing something (or not doing). Of course there are always rare exceptions. In real life, everyone will have an explanation, but it will always be and...
Much tnx for this post man! Yeah, I absolutely agree... The main purpose was not to reveal people or to dig up their subsoncisoucsness etc... but to show some people that their internal "reason" to trade is fail... Because if one would be trading for MONEY, then it would make no sense to disregard some profitable signal, trader or whatever... I have seen many of this... I have seen profitable traders ignored, disregarded.. and some "opposite" followed like crazy... So it kept me wondering if people are really trading for money or not and if they do what does prevents them to actually harvest the profit when the opportunity is there...

This is what I love about "wall street" type people, business people (real ones) etc... Because it is maybe clear what the main purpose/objective is. For example, if I meet a certain "greedy" people that only cares of money I at least know what they want and know they will do anything that increases it. It is easier to know what I am dealing with than to work with some unknown or false motives... For example... in real trading (in my book anyway), people won't care what you do as long as you make the money. They do not have to like you, agree with you or whatever but as long as you bring "the juice", they pay/cherish you. What some of the most brutal people have over most is that they have CLEAR focus of what they want even if it is very simple. I noticed that people are often blocked by ego(trip), stubbornness, jealousness (you wouldn't believe deals I went south because of this, where ALL would make GOOD money..). I love financial world where the PARAMETER is CLEAR... RAINMAKING, that's it... As long as you deliver ALPHA, everything else is secondary.. You can be rude, impolite, cruel (not saying anything of this is ok) but just illustrating... AND if you deliver.. You are having everything...

I have personally seen many traders fail that were to stubborn to admit they might be wrong and that someone else was right... Real professional do not care about any of that bull... but takes the road that serves their purpose and if that is money, it makes things easier to follow right.

If the main objective would be money, some of the "worst" enemies in the forum would come together to make EPIC GROUP trade, they can still insult each other every step of the way, but the professional side of them would keep them in the game as long as they MAKE IT, together.. That was the whole point
Can you afford to take that chance?
  • #120
  • Mar 6, 2020 12:11pm Mar 6, 2020 12:11pm
Quoting auricforecas
{quote} ... This is what I love about "wall street" type people, business people (real ones) etc... Because it is maybe clear what the main purpose/objective is. For example, if I meet a certain "greedy" people that only cares of money I at least know what they want and know they will do anything that increases it. It is easier to know what I am dealing with than to work with some unknown or false motives... For example... in real trading (in my book anyway), people won't care what you do as long as you make the money. They do not have to like you,...
I agree and people like that probably don't come here.
They make a living and this is their main profession, and people in the forum generally have other incomes.
Maybe all of us would turn into the same if we were in their skin ?

Here's the end of my attempt at an answer: Intellectual challenge and Earnings, alike.
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