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The brutal truth of day trading

  • #1,441
  • Jun 21, 2021 5:40pm Jun 21, 2021 5:40pm
I don't even feel like commenting on this topic. Too vague and shallow. The guy just opened his mouth to speak his mind about short-term operations.
  • #1,442
  • Edited 7:47pm Jun 21, 2021 6:38pm | Edited 7:47pm
Quoting TraderTim125
{quote} {quote} I think the offer is pretty reasonable. $100K or thereabouts for doing nothing other than their normal trading. Absolutely no risk. with a fairly high likelihood of winning. Anyway everything is negotiable but obviously not to the extent of 120% of the winnings. Perhaps you misunderstood the concept behind the proposal. {quote} The infrastructure is already set up and works fine. {quote} I don't think that would be prudent at all. It is our money so we will manage it thank you very much. There will of course be...
If you are agreeable to put money in future options, and willing to code a scanner to mimick options selection on MT4 , and trade on any broker offering CME and Eurex options, I can do it for you : 100 pc return in a year with me charging 25 pc trading fee. It is purely manual trading. Maximum 40 trades in a year. Investment required us$10,000. If you look around in FF, you don't have to pay me - you can do yourselves - because I have shared my experience of making money by buying options on FF already.
Practice makes a person perfect
  • #1,443
  • Jun 21, 2021 7:10pm Jun 21, 2021 7:10pm
Quoting TraderTim125
{quote} {quote} I think the offer is pretty reasonable. $100K or thereabouts for doing nothing other than their normal trading. Absolutely no risk. with a fairly high likelihood of winning. Anyway everything is negotiable but obviously not to the extent of 120% of the winnings. Perhaps you misunderstood the concept behind the proposal. {quote} The infrastructure is already set up and works fine. {quote} I don't think that would be prudent at all. It is our money so we will manage it thank you very much. There will of course be...
"All we need is just one reasonably good trader". You're just trolling for a decent trader so you can run a signal service or something similar. I knew I smelled something rotten. Your venture is commercial in nature and should be in the "commercial" section.
  • #1,444
  • Jun 21, 2021 7:18pm Jun 21, 2021 7:18pm
==========================================

Seeing as the rules are the same for all of us .... That means all of you AND me.

My suggestion to someone who wants to learn to trade would be this ...

* Usually there is no reason to join any site to be able to access the information and knowledge found on the site. Trading sites are known for changing the way people think. It's important to understand that opinions are not going to help you learn how you can trade. Only what you can do is important.

* Know that you are alone. Trading is an activity best done on you own without any influences from other people. Everything you do needs to be done independent of everyone. You need to know that no other trader cares about your trading more than you. You will need to be neutral and objective and do all the research you can to create a blueprint on...

- About Trading

- How to trade

... And it is best for you to do it as thoroughly as you can, without interference from anyone.

* It's a good idea not to follow anyone.

* It's a good idea not to get involved in all the talk from people. There's a reason why they say the crowd is wrong most of the time.

* When doing research online, remember that people online are not your friends and you need to protect yourself. When possible, do not join or participate in any site or apparent socializing as it is not real and will distract you from your research and learning.

* Most people congregate on trading sites to feel that they belong. However fake relationships won't help someone learn as you simply do not know who you are talking to and therefore will never know if the information is real and true until you do your own private research.

* Retail traders are not well respected in the financial world and this is not an accident. Most people never do quality research about the industry.

* It is your future so you need to do the work.

* Most retail traders look to their peers to help them. You need to learn they cannot teach what they do not know. And usually that is why their trading has not advanced any further.

* You need to maintain your self respect when doing your research. There will be many who will test you.

* I don't want you to follow me. You won't trade as I do. You need to find out how you see everything.

* People are easily coralled like sheep and this makes them easier to manipulate, particularly on trading sites. Your job is to be better than them and do better than them. But this won't happen if you become one of them.

Have Fun and Good Luck.


Peter


==========================================
Real Trading is not gambling.
  • #1,445
  • Jun 21, 2021 7:37pm Jun 21, 2021 7:37pm
I heard a rumour that the thread is due to be moved to the commercial section.
Would be a shame, it’s a great read while blowing the steam off my morning coffee.
Not to be taken seriously obviously, but the cock dangling at the bar has increased over the last few days. Whether that’s because of a hot chick at the bar or a mark with an open wallet remains to be seen.
  • #1,446
  • Jun 21, 2021 8:46pm Jun 21, 2021 8:46pm
Well would you Adam and Eve it, developments..
  • #1,447
  • Jun 21, 2021 11:14pm Jun 21, 2021 11:14pm
Quoting PeterCaleb
========================================== Seeing as the rules are the same for all of us .... That means all of you AND me. My suggestion to someone who wants to learn to trade would be this ... * Usually there is no reason to join any site to be able to access the information and knowledge found on the site. Trading sites are known for changing the way people think. It's important to understand that opinions are not going to help you learn how you can trade. Only what you can do is important. * Know that you are alone. Trading is an activity best...
The major problem is by paying you are reposing faith in the ability of the online mentor and that will not help any learner. Financial trading is like a sport and only and only practice will help.
A mentor who teaches not expecting any money is safe. Why he/she does it without expecting a monetary reward is something related to own motive of improving trading or analysis or utilising spare time for a creative activity, etc.
I have found a few mentors who teach not expecting to get any financial rewards but do expect to get your time for a financial trading-related activity like becoming their course co-instructors etc. which again enhances the learner's knowledge.
Practice makes a person perfect
  • #1,448
  • Jun 22, 2021 12:43am Jun 22, 2021 12:43am
Quoting Winston Reed
{quote} "All we need is just one reasonably good trader". You're just trolling for a decent trader so you can run a signal service or something similar. I knew I smelled something rotten. Your venture is commercial in nature and should be in the "commercial" section.
See links to learning site in Tims profile.

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20210622_083326.jpg Size: 631 KB

Service price is "hidden" and at the same time "exposed"... No big deal to ask here money for "special sections" after trial period X day's ends.

Why people avoid to be commercial members and play games with ff rules and people? Be honest... If want money say it. Now looks like "free but not free". Not trustable.
  • #1,449
  • Jun 22, 2021 2:31am Jun 22, 2021 2:31am
Quoting joyny
{quote} See links to learning site in Tims profile. {image} Service price is "hidden" and at the same time "exposed"... No big deal to ask here money for "special sections" after trial period X day's ends. Why people avoid to be commercial members and play games with ff rules and people? Be honest... If want money say it. Now looks like "free but not free". Not trustable.
It is fishy since he wants the hire traders from FF, I mean why would someone risk their savings like that? That's up to him and that's his business but i can tell that something is not right and suspicious.
You have to have an IQ higher than 90 to interact with this user.
  • #1,450
  • Jun 22, 2021 2:39am Jun 22, 2021 2:39am
Quoting PeterCaleb
In a class of assets and instruments where the "details" of orders are not made public knowledge, I see many people hoping that "their order" will be filled. So, after all the prep work you've done, all the research and testing, the day arrives to go live and you send your first order to market and ....... wait. And while you sit there waiting, did it ever pop in your mind, who/what is filling your order? For people who are learning, you will find that most people are a slave to their research and methodology. The final step is to place that order....
Interesting Peter.

Maybe its better you focus on conceptual posts like this instead of quarrelling with who ever spokes you.

There is always something to learn folks if peace reigns.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #1,451
  • Jun 22, 2021 2:53am Jun 22, 2021 2:53am
Quoting RickM
{quote} Hi ryuryu That was a great post on the MT5 use of the DOM. Its just to impress users but offers no value. If anybody has a spare hour or two this weekend, and want to see the footprint or DOM in use, I recommend you download “Quantower” and watch it on the free live data feed on Bitcoin. Bewared, it moves so fast on the 1 minute footprint or DOM, you will need a strong drink nearby. Cheers
Thanks Riĉky.
Will check it out but being thät i'm not interested in crypto at all should i be rather looking at EURUSD or AUDUSD?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #1,452
  • Jun 22, 2021 5:23am Jun 22, 2021 5:23am
Quoting TraderTim125
{quote} That is a really smart piece of advice. Go to an investment advisor who wouldn't have a clue about this sort of thing and tell them I wanted to take a high risk gamble on a self managed forex scheme with a couple of grand. I can just imagine the look on his face.
Lol
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #1,453
  • Jun 22, 2021 5:43am Jun 22, 2021 5:43am
That’s one into the commercial bin….
  • #1,454
  • Edited 10:58am Jun 22, 2021 8:12am | Edited 10:58am
Quoting TraderTim125
{quote} [i]{quote} Some of us are reputable, experienced business people so there is no basis for the trader to be concerned about not getting paid if the project is successful
Famous last words. Anyone care to confess to being among the "us" group noted above? I recognized a few names that Tim is following...
  • #1,455
  • Jun 22, 2021 8:28am Jun 22, 2021 8:28am
Quoting GEfx
{quote} Famous last words. Anyone care to confess to being among the "us" group noted above? I recognized some of Tim's followers...
I thought he wanted FF to employ him as a blog writer or something similar.
A trade should be based on an assumption based on facts
  • #1,456
  • Jun 22, 2021 10:59am Jun 22, 2021 10:59am
Quoting moodybot
That’s one into the commercial bin….
It's suddenly gone very quiet on this thread...
  • #1,457
  • Jun 22, 2021 2:12pm Jun 22, 2021 2:12pm
Quoting GEfx
{quote} It's suddenly gone very quiet on this thread...
One protagonist destroyed his credibility with an extraordinary claim that he could not prove.
The other protagonist was sent to the Commercial section for being a sloppy stealth vendor.
If you are good at something, never do it for free--Joker
  • #1,458
  • Jun 22, 2021 2:24pm Jun 22, 2021 2:24pm
Seeing as the rules are the same for all of us .... That means all of you AND me.

My suggestion to someone who wants to learn to trade would be this ...

* Usually there is no reason to join any site to be able to access the information and knowledge found on the site. Trading sites are known for changing the way people think. It's important to understand that opinions are not going to help you learn how you can trade. Only what you can do is important.

* Know that you are alone. Trading is an activity best done on you own without any influences from other people. Everything you do needs to be done independent of everyone. You need to know that no other trader cares about your trading more than you. You will need to be neutral and objective and do all the research you can to create a blueprint on...

- About Trading

- How to trade

... And it is best for you to do it as thoroughly as you can, without interference from anyone.

* It's a good idea not to follow anyone.

* It's a good idea not to get involved in all the talk from people. There's a reason why they say the crowd is wrong most of the time.

* When doing research online, remember that people online are not your friends and you need to protect yourself. When possible, do not join or participate in any site or apparent socializing as it is not real and will distract you from your research and learning.

* Most people congregate on trading sites to feel that they belong. However fake relationships won't help someone learn as you simply do not know who you are talking to and therefore will never know if the information is real and true until you do your own private research.

* Retail traders are not well respected in the financial world and this is not an accident. Most people never do quality research about the industry.

* It is your future so you need to do the work.

* Most retail traders look to their peers to help them. You need to learn they cannot teach what they do not know. And usually that is why their trading has not advanced any further.

* You need to maintain your self respect when doing your research. There will be many who will test you.

* I don't want you to follow me. You won't trade as I do. You need to find out how you see everything.

* People are easily coralled like sheep and this makes them easier to manipulate, particularly on trading sites. Your job is to be better than them and do better than them. But this won't happen if you become one of them.

Have Fun and Good Luck.


Peter
Real Trading is not gambling.
  • #1,459
  • Edited 3:30pm Jun 22, 2021 2:34pm | Edited 3:30pm
Quoting Nordling00
{quote} I hold my positions for several weeks generally. Sometimes even for months. So i take D1 swings. I don't think i am a position trader since they even hold their trades for a year or more.
Ok. Fine.

Can you keep your Drawn Down under 1%

This year mine is ~0.60


Can you calculate risk ?
I bang profit everyday. or at least 98% I cant calculate only 1 day when i had negative trade.

I am bored this go look those who do same. and much better than me. I watched them and I was amazed, and took some of they trades. never loss.
I am much lazier than them.

I would like to see whats happening now, because i saw rick and profitfarmer are animals
year ago and they were something what i never saw before, Like Bubinka told about farmer. He just forget mension Rick is too. If you are so sutpid and not listen or read, its your fault.

MY BRUTHAL TRUTH IS, listen those people, trust yourself and have a big wallet, it will go thin before its go bold.

Its funny how simple help are turned away, and critized person. who speak million lines without substance. (peter)
You can fix it.

Buddhist Traditions, those who speak, dont know nothing about awaken or satori, and those who speak so much about thing know nothing.

Can help but they dont help, like your Peter do, Please start talking, because you tell you have experience.
about reading all s&p500 companies queartely reporst and think how it will reflecting fx markets this week.
I cant read all quartely reports from japan and usa and think how it will affect my 10 pips or less movement.

I have to agree your earlier statement, when people want wait they wil hitt 10 pips or target, its fine . Give me something more.

Peter lot of respect, you allways hate verybody and how stupid they are and now nothing.
Please next time would you start everything, way you respect everyone.

Thank You,
It will help us Communicate, perphaps whe dont understand your language.
  • #1,460
  • Jun 22, 2021 2:35pm Jun 22, 2021 2:35pm
Quoting PeterCaleb
Seeing as the rules are the same for all of us .... That means all of you AND me. My suggestion to someone who wants to learn to trade would be this ... * Usually there is no reason to join any site to be able to access the information and knowledge found on the site. Trading sites are known for changing the way people think. It's important to understand that opinions are not going to help you learn how you can trade. Only what you can do is important. * Know that you are alone. Trading is an activity best done on you own without any influences...
One of the signs of dementia and mental decline is repeating the same story over and over again. You've posted this three times now, old fella. Whipe your chin and go take a nap.
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