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Technical Analysis Fallacy

  • #62,061
  • May 19, 2020 4:41am May 19, 2020 4:41am
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  • #62,062
  • May 19, 2020 6:16am May 19, 2020 6:16am
Quoting fti
{quote} Hi Zoran, when I said "smart", I meant the traders that thinks too highly of themselves, for their own good. That was why the smart was in quotes. The kind of traders that knows all, except how to be consistently profitable. And there are many such traders, they consistently lose money, but they seems to be very knowledgable about markets and technical analysis. The context , that it was used was to describe those traders who uses stops orders for entries on breakouts, have rigid stoploss orders and consistently gets stopped out, but insist...
Hi fti,

This post you made ages ago really resonated with me because i happen to be one of those traders that doesn't necessarily believe i am smart but i do trade on breakouts and i do get stopped out quiet often and i believe that my mindset has become pretty rigid which i know is a bad thing. I know you mentioned there is no right or wrong way to trade but do you have advice for me to get out of this mindset or shall i just continue reading this thread all the way through until the end? Also you talk a lot about traders being under capitalised in your opinion if you are starting out as a retail trader how much would capital would you start with?

Thanks
  • #62,063
  • May 19, 2020 6:32am May 19, 2020 6:32am
Quoting fti
https://youtu.be/1yuOLpNlD8c
nice harping ... just found a perfect instrument for social distancing ...

Theremin ... no physical contact

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Regards,
  • #62,064
  • May 19, 2020 7:33am May 19, 2020 7:33am
Oh
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  • #62,065
  • Edited 11:30am May 19, 2020 10:12am | Edited 11:30am
There is wrong way and right way to trade.
Right way is called best practises.
There is just no necessity be right or wrong in position or analysis.
there are strategies for damage control.

Undercapitalisation is relative to value at risk.
Is not how much capital a trader needs to have.
But how much of that caoital is exposed to risk.
If you have 77,000 and have overloss of 9 million, then tell me how much was enough.
No leverage would be deciplined books. But that would mean none of you can trade retail forex.

No finiancial intitutions trades with leverage.
One who tried was laidmen bros. and where are they now?
But of course all dealers trade the instruments.
Guess whats the job of treasury managers. The risk management is invisible to stupid peeps. Some knows.

Trading is a capitals game.
I used to use a billion usd make few thousand dollars daily. Somedays i can pickup +- a mio.
Here have traders aspiring use thousand make a billion.
Good luck.

Regards

Not forgetting some who makw couple thousands a month selling books and algos, want teach the grandcastards how suck eggs.

Disciplined minds.
https://m.facebook.com/story.php?sto...56&d=null&vh=e
  • #62,066
  • May 19, 2020 11:40am May 19, 2020 11:40am
. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring plan under bankruptcy protection.

https://www.cbsnews.com/news/jcpenne...40-stores/#app
  • #62,067
  • Edited 7:35am May 20, 2020 7:23am | Edited 7:35am
Wah
Clever.

'If you’re riding a dead horse, the best strategy is to dismount': Veteran Kremlin insider Chubais says oil is DONE https://www.rt.com/russia/489196-bus...-oil-finished/

Hahahaha if horse is lame.
i akready dismount. Not wait for it to be dead.
hahahahaNo want cripple my legs.
  • #62,068
  • May 20, 2020 9:43am May 20, 2020 9:43am
OM goose

Farm worker caught coronavirus strain circulating in mink.

https://www.bloomberg.com/news/artic...=postr_story_1

Batwoman, humans, Cats, now mink.
T REX??
  • #62,069
  • Edited 10:28pm May 20, 2020 11:02am | Edited 10:28pm
Capitalism 101
https://www.facebook.com/12722591065...sn=mo&d=n&vh=e

Smelly ass.
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  • #62,070
  • May 20, 2020 10:25pm May 20, 2020 10:25pm
Ass.
https://www.facebook.com/teamcoco/vi...0/?d=null&vh=e

Sun bing fa translation.

Know your ass.
  • #62,071
  • Edited 7:40am May 21, 2020 4:57am | Edited 7:40am
Hi FTI,

As many of us have limited capital and Retail forex trading need Capital. I would be grateful if you help.

How much leverage we should use without overkill?
I am planing to have army of 150 Troops. with Zero leverage it will be huge amount. ~ 15 million USD. (Assuming standard lot size).

Now the dilemma is if i use leverage, chances are very high that book will be in negative in very short time. But without leverage it will be difficult to trade as have no such money.

Even for mini lot size need 1.5 million $, that itself is huge.

Micro lot is doable, but brokerage will eat everything, and opportunity cost is very high.

My question dear Friend is What is optimum leverage i can use to trade so as to minimize overkill and still manage book, for account size of 200K USD.

my humble request to you sir.

Thank you,
Ant

Dear FTI
Something has changed.

I started reading The thread for the first time since jan 2019. In 2-3 month after reading 200-300 pages, i was thinking wow that's the way to be rich.
But now when i am reading those post of mine, i am just reading that is that me? A guy who think that this MO is just martingale 2x,3x after every drop. and bingo homerun. Poor me.

I was aggressive before i am honest, but learnt many lessons in Demo trade in few months along with life lessons from FTI. Honor and Moral.
Now i am humble human being. Who respect everything.

Something has changed at a level i dont know. May be brain related fart.

May be in couple of months my knowledge will still expand and i become monk. lol after that i just need to be a really good monk.

Thank you FTI for everything. God bless you. Stay strong and healthy.

Best regards,
Grasshopper
  • #62,072
  • Edited 6:55am May 22, 2020 6:27am | Edited 6:55am
Quoting antmindset
Hi FTI, As many of us have limited capital and Retail forex trading need Capital. I would be grateful if you help. How much leverage we should use without overkill? I am planing to have army of 150 Troops. with Zero leverage it will be huge amount. ~ 15 million USD. (Assuming standard lot size). Now the dilemma is if i use leverage, chances are very high that book will be in negative in very short time. But without leverage it will be difficult to trade as have no such money. Even for mini lot size need 1.5 million $, that itself is huge. Micro...
Noted.
Ok since you have so much time doing nothing.
heres something for you think about.
in fact is nothing for you to think about.
but it can be something useful for you jogging your mind.
Make something from nothing.
Ok nothing is everything.

Regards

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  • #62,073
  • Edited 7:34am May 22, 2020 7:02am | Edited 7:34am
Ok now here have men thinking something of nothing.

Some of us eat something.
Some eat nothing.
Everyone's eating.
madmen. .


No farting nothing while eating.

Ok now everyone knows how make money from nothing?
Make something.

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E=mc2
  • #62,074
  • Edited 7:52am May 22, 2020 7:39am | Edited 7:52am
Matter vs antimatter.

Loan vs repayment.

Borrow fron pete pay paul?
Ultimate technical analysis.
As above, so below.
  • #62,075
  • May 22, 2020 10:04am May 22, 2020 10:04am
hi friends,

how is everyone doing? and thanks for video on capitalism. i think even capitalism is not the solution. the principle may be in good faith. but during implementation.... every man has a little greed and the environment is gone. solution is to return to god.
THE ALL is MIND; The Universe is Mental
  • #62,076
  • May 22, 2020 12:12pm May 22, 2020 12:12pm
Quoting Jacque
hi friends, how is everyone doing? and thanks for video on capitalism. i think even capitalism is not the solution. the principle may be in good faith. but during implementation.... every man has a little greed and the environment is gone. solution is to return to god.
return to god may not be a solution. there is only one way to return actually.

before that, need to stay here and fight everyday may be that's the lesson we need to learn before returning. experience of everything.

life is what u make of it. Seeing is what you want to see. and believing is what you want to believe.
  • #62,077
  • May 22, 2020 1:19pm May 22, 2020 1:19pm
Quoting antmindset
{quote} return to god may not be a solution. there is only one way to return actually. before that, need to stay here and fight everyday may be that's the lesson we need to learn before returning. experience of everything. life is what u make of it. Seeing is what you want to see. and believing is what you want to believe.
Hahahahahaha.
Dicussing nothing?
Discussing everything?
Wait till i show you string theory.
the answer fir everything.

Regards.
  • #62,078
  • May 22, 2020 2:43pm May 22, 2020 2:43pm
Quoting fti
{quote} Hahahahahaha. Dicussing nothing? Discussing everything? Wait till i show you string theory. the answer fir everything. Regards.
hehe theory of everything?.

Human mind, want to trap sea in well.

I just love your quote "life is there to LIVE, not exist". Why worry about exist when know it is not possible. Why not Live.


Thank you for video. I am watching it now. something out of nothing.
  • #62,079
  • May 22, 2020 9:54pm May 22, 2020 9:54pm
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  • #62,080
  • May 22, 2020 10:49pm May 22, 2020 10:49pm
Quoting trad8
https://www.youtube.com/watch?v=ogoIxkPjRts

Making love with nothing at all.
hahahaha.

Regards
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