Disliked{quote} absolutely, f**k stop losses. start small, make it big... if you can!Ignored
btw I don't mean to make a million.. I just need a new PC!
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- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
{quote} btw I don't mean to make a million.. I just need a new PC!
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?
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
{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
Can you afford to take that chance?
- Joined Apr 2015 | Status: Member | 1,754 Posts
Wow, I didn't calculate SWAPS.. 4.25 dollars in 3 days 
is it normal !? if yes I'm going to give up already.
is it normal !? if yes I'm going to give up already.
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
Wow, I didn't calculate SWAPS.. 4.25 dollars in 3 days
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?
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
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.
Some nice links for you on the ADDICT topic...
Interesting book title... "Be obsessed or be average"...
Addicts have PERSISTENCE by DEFAULT
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Also, the successful addicts are the ones that CHANNEL this addiction/persistence into something "creative"
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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?
- Joined Apr 2015 | Status: Member | 1,754 Posts
{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
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
{quote} Intersting. But for position trading on major indices (which is what I intended to do), they just kill profits.
Can you afford to take that chance?
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
{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.
Can you afford to take that chance?
{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
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
{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.
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?
- Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
{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...
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?