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Day Trading vs. Swing Trading vs. Position Trading 84 replies

Attachments: Clemmo's Trading Odyssey
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Clemmo's Trading Odyssey

Quoting clemmo17
Today I learned a lesson about swap rollovers. At least on one of my brokers, when you trade a CFD based on an underlying instrument like oil, or US indices, and most commodities, the future that the CFD is based upon will 'rollover' at a certain date in the future. I don't trade futures and don't know much about futures trading but a rollover is when you hold a position in the instrument and the front-month contract that expires is switched to another contract that is further out in time. Why does this matter? Well, it seems many brokers charge...
You can use any of two brokers who use futures and charge no swap fee. Best is FXflat. Second is FXpro.
Practice makes a person perfect
Quoting simnz
{quote} You can use any of two brokers who use futures and charge no swap fee. Best is FXflat. Second is FXpro.
Fxpro will not take me as a Canadian, but FXFlat seems interesting. I have asked if they will accept me as a client and am awaiting their response. I do wish they had more reviews online.
Quoting clemmo17
{quote} Fxpro will not take me as a Canadian, but FXFlat seems interesting. I have asked if they will accept me as a client and am awaiting their response. I do wish they had more reviews online.
Futures broker work for commission. So review is not important. Leverage and costing is.
Practice makes a person perfect
I'm reading the trading cartoons thread over at https://www.cryptocraft.com/thread/3...toons-and-pics
Most of them aren't very funny but they make you think about what was the popular 'zeitgeist' of the time, and you begin to see that many themes are recurring in history. This one stuck out for me.
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I probably would have laughed at this in 2012 but obviously this sentiment resulted in a bad trade. I've missed out on a lot of opportunities because of my skeptical nature. It's kept me safe sometimes, maybe even avoided a cycle of continual frustration by questioning things that don't work. But when it comes to understanding the madness of men I need to remember that I don't know ANYTHING and sometimes you just have to shut your logical mind up for long enough to make the trade. Get in early on trends, even ones that seem stupid, if they have clearly captured the mass imagination.
"it is critical to decouple the randomness used to probe a system from the randomness inherent in its (sic) system itself."
Vital to keep this in mind when backtesting.

from: https://www.argmin.net/2021/09/21/models-are-wrong/
Remember Borgesti? How's he doing amidst all this market volatility?
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Slowly but surely.

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Still only 3/5 for reliability says MetaQuotes.
*** RESPECT ***

This is definitely not the usual "trading journal" thread.
Thank you Clem for sharing such insightful thoughts and views on trading.

All the best in life and trading,
Khalil
No guts, no glory
Quoting abokwaik
*** RESPECT *** This is definitely not the usual "trading journal" thread. Thank you Clem for sharing such insightful thoughts and views on trading. All the best in life and trading, Khalil
Ah! Senpai has noticed me! Much respect to you too sir.
Have you ever noticed that brokers regularly organize trading competitions for humans trading manually, but contests for automated trading are much rarer? And what is rarest of all (as in nonexistent)? Contests for coding the best trading robot. Now what reason(s) could there be for that?
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