(binned per thread starter’s request) 29yrs Trading & Still Here | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

One trade per daily bar, or per X bars on current timeframe 0 replies

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: (binned per thread starter’s request) 29yrs Trading & Still Here
Exit Attachments

(binned per thread starter’s request) 29yrs Trading & Still Here

  • #41
  • Jul 28, 2022 4:41pm Jul 28, 2022 4:41pm
YOUR MISSION should you choose to accept it is pull up 20pairs of more over the weekend and put Red Daily Liquidity points. HINT -- look for them at EXTREMES.

Now go do some FUCKINGWORK
  • #42
  • Jul 28, 2022 9:41pm Jul 28, 2022 9:41pm
Quoting T721
YOUR MISSION should you choose to accept it is pull up 20pairs of more over the weekend and put Red Daily Liquidity points. HINT -- look for them at EXTREMES. Now go do some FUCKINGWORK

its the work that gets people, people get sold this idea that fx is going to make them overnight millionaires and nobody is prepared for many years of hard work and lots of failure, but from that hard work and hopefully lessons learned people can create very nice lives for themselves. I can remember entire weekends I spent staring at charts and marking them up etc trying to figure out entries and systems and myself only to go apply those new things I thought I learned only to ring up dizzying amounts of failure, this happened alot with every 'system' I tried until I realized that I was the issue and not the system(S).
  • #43
  • Jul 28, 2022 9:50pm Jul 28, 2022 9:50pm
Quoting endroute
{quote} its the work that gets people, people get sold this idea that fx is going to make them overnight millionaires and nobody is prepared for many years of hard work and lots of failure, but from that hard work and hopefully lessons learned people can create very nice lives for themselves. I can remember entire weekends I spent staring at charts and marking them up etc trying to figure out entries and systems and myself only to go apply those new things I thought I learned only to ring up dizzying amounts of failure, this happened alot with every...
Excellent reply and thankyou for taking the time tp post it, much appreciated endroute

Its in Failure we find Success even if its eventually. Took me 4yrs before i started to understand the markets more clearly and really understood myself. Again great post and Thanks for the contribution
  • #44
  • Jul 28, 2022 9:55pm Jul 28, 2022 9:55pm
Quoting T721
{quote} Excellent reply and thankyou for taking the time tp post it, much appreciatedhttps://assets.faireconomy.media/nfs/customavatars/thumbs/medium/avatar50532_4.gif endroute Its in Failure we find Success even if its eventually. Took me 4yrs before i started to understand the markets more clearly and really understood myself. Again great post and Thanks for the contribution

Going to bed, its 4am in Edinburgh and need to be ready for market open
  • #45
  • Jul 29, 2022 8:19am Jul 29, 2022 8:19am
Quoting T721
{quote} Excellent reply and thankyou for taking the time tp post it, much appreciated endroute Its in Failure we find Success even if its eventually. Took me 4yrs before i started to understand the markets more clearly and really understood myself. Again great post and Thanks for the contribution

So you were a much quicker learner than I was . Great thread you have started, looking forward to hearing more about your journey and trading.
  • #46
  • Edited 7:53am Jul 31, 2022 6:59am | Edited 7:53am
SEMINARS --- Ohfuck !!!!

Has anyone been to a Seminar. Back in 2006ish, + or - a year, my memory is a bit foggy. Anyway i had been trading aprox 13yrs by this point and a friend who had just been trading for 1yr calls me up to see if i would go with him. He paid £2150 for the 2 day event and could take someone for free. You probably have heard of this type of thing ie turn up at a hotel free for 2hrs and then they try to lure you in to the paid event.

Anyway i was in London this weekend and rather than get dragged round Harrods, Selfridges etc by my wife i said i would go. My thinking was -- maybe i will learn something new.

It was held in a swanky hotel and must have been 250 - 300 people attend. Of course it was held on a Sat n Sun (markets closed) so you wouldnt be shown any live trades. The presenter and his entourage all suited up looking smart. This group was Win Investing by Darren Winters, not sure if hes still around but the format is unchanged today AKA Secker and co.

So to cut a long story short and save you reading the rest of this post -- I left after 3hrs during the first break... What a loada Bollocks

The whole premise of the £2150 weekend was to get people signed upto the Advanced Course. price range 5k to 16k wtf. If Your prepared to do the work and study the pdfs i drop you will learn a helluva lot more and you get it free. DONT BE FOOLED BY THESE PEOPLE -- you would be better funding your account with the £2150 they were charging and blow it all trading. You will learn your own psychology and lean the markets at the same time.

Anything they teach can be found on the internet for free. They pitch it as a Glamorous profession, You know -- Trade from the Beach, Trade when you want to and they show pictures of their cars, homes etc. The format doesnt change. They arent lying when they say you can trade on the Beach -- i have and do. Sometimes i make money sometimes i getfucked. And ive been trading a Helluva long time. They even told a story of a guy going to a wedding and needed a new suit so he placed a few trades and went off and bought the suit in the afternoon. AVOID THEM ALL, SAVE YOUR MONEY. Use the money to take your better half on holiday at least you will have a few good memories for your 2k.

Did i learn anything in the 3hrs i was there ---- Absofuckinlutely not, and to top it off after 2hrs when most attending were falling asleep they got everybugger to stand up jump about then massage the persons shoulders to the right of you FFS. Total Bollocks !!!

Summary --- Mentors can get you to the next level quicker but FFS choose wisely, Do your DD
  • #47
  • Jul 31, 2022 8:13am Jul 31, 2022 8:13am
If anyone has any questions please ask. Dont be shy, if i dont know the answer i dont know the answer but if i do it might make a good post
  • #48
  • Jul 31, 2022 8:54am Jul 31, 2022 8:54am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2022-07-26 at 21.29.12.png Size: 103 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2022-07-25 at 16.20.52.png Size: 114 KB
  • #49
  • Jul 31, 2022 9:07am Jul 31, 2022 9:07am
Quoting T721
If anyone has any questions please ask. Dont be shy, if i dont know the answer i dont know the answer but if i do it might make a good post
HI MrT, i have a question that's always been in mind but it might lead to a too much of a personal answer so please feel free to decline if you so wish, i would completely understand mate. The question is about the dreaded UK taxman, beings we're both in the UK, i wondered because your obviously a seasoned trader of many years with a lot more experience than me, how you go about your profit. I know you trade for a living (as i'm trying to do lol!), do you declare your profits as a buisness, a hobby etc, or just as an individual and capital gains etc, or do you have an accountant even to sort it out?. As i said mate, i know it might be bit too personal for an answer so no worries.
  • #50
  • Jul 31, 2022 9:18am Jul 31, 2022 9:18am
Quoting chipsngravey
{quote} HI MrT, i have a question that's always been in mind but it might lead to a too much of a personal answer so please feel free to decline if you so wish, i would completely understand mate. The question is about the dreaded UK taxman, beings we're both in the UK, i wondered because your obviously a seasoned trader of many years with a lot more experience than me, how you go about your profit. I know you trade for a living (as i'm trying to do lol!), do you declare your profits as a buisness, a hobby etc, or just as an individual and capital...
Hi Chips, i trade thru IG Spreadbet so there is no taxes to worry about. Obviously if your making millions (which im not) the tax man would come after me. But even if he does i would fight him in court. I have paid enough Taxes in my lifetime to keep parts of Edinburgh on the dole, im not doing it anymore. I used to have 8 Amusement arcades, Nightclub, Restaurant, Bar, Tanning salons and im not paying HMRC again.

Im not advocating IG, just letting you know who i use. What i dont like about IG is their algo, especially if trading from your phone which i do if im driving. And i dont like the fact they have 6 daily candles for the week. I look for Tells in the market so i also use Tradingview when im looking for tells. Tells = the man showing his hand, Kinda like a poker game. Hope this makes some sense
  • #51
  • Jul 31, 2022 9:24am Jul 31, 2022 9:24am
Quoting chipsngravey
{quote} HI MrT, i have a question that's always been in mind but it might lead to a too much of a personal answer so please feel free to decline if you so wish, i would completely understand mate. The question is about the dreaded UK taxman, beings we're both in the UK, i wondered because your obviously a seasoned trader of many years with a lot more experience than me, how you go about your profit. I know you trade for a living (as i'm trying to do lol!), do you declare your profits as a buisness, a hobby etc, or just as an individual and capital...
if you have any other ??s i can jump on zoom with you. Its easier chatting live than typing stuff and easier for you to know what im talking about. DM me if you like.
  • #52
  • Jul 31, 2022 9:27am Jul 31, 2022 9:27am
Quoting T721
{quote} Hi Chips, i trade thru IG Spreadbet so there is no taxes to worry about. Obviously if your making millions (which im not) the tax man would come after me. But even if he does i would fight him in court. I have paid enough Taxes in my lifetime to keep parts of Edinburgh on the dole, im not doing it anymore. I used to have 8 Amusement arcades, Nightclub, Restaurant, Bar, Tanning salons and im not paying HMRC again
Thanks Mr T, i did wonder about spread betting, but at the moment don't have the equity to be able trade profitably at 1:30 leverage, but it's certainly the best way to get around the tax issue, i had a spread betting account with ADSS, but they closed it saying i didn't have enough in the account with the new government rules, so they forced me to close it. But from your last post i must say mate, that's one hell of a line of business's you had, good on you.
  • #53
  • Jul 31, 2022 9:31am Jul 31, 2022 9:31am
Quoting T721
{quote} if you have any other ??s i can jump on zoom with you. Its easier chatting live than typing stuff and easier for you to know what im talking about. DM me if you like.
LOL,your obviously a lot better with computers than i am, the last thing i remember a ZOOM was an ice lolly from when i was a kid!, i do have a camera but it's not hooked up with the PC yet, i'll have to look at getting that sorted, cheers mate( and then ask the missus how zoom works!) lol
  • #54
  • Jul 31, 2022 9:32am Jul 31, 2022 9:32am
Quoting chipsngravey
{quote} Thanks Mr T, i did wonder about spread betting, but at the moment don't have the equity to be able trade profitably at 1:30 leverage, but it's certainly the best way to get around the tax issue, i had a spread betting account with ADSS, but they closed it saying i didn't have enough in the account with the new government rules, so they forced me to close it. But from your last post i must say mate, that's one hell of a line of business's you had, good on you.
Oanda or Pepperstone are quite good. I havent used them personally but a good friend does. I think she prefers Pepperstone
  • #55
  • Jul 31, 2022 9:37am Jul 31, 2022 9:37am
Quoting chipsngravey
{quote} LOL,your obviously a lot better with computers than i am, the last thing i remember a ZOOM was an ice lolly from when i was a kid!, i do have a camera but it's not hooked up with the PC yet, i'll have to look at getting that sorted, cheers mate( and then ask the missus how zoom works!) lol
Lmao i used to love those lollies. no idea if they are still made. Im actually not very good with tech, computers etc, my son had to walk me thru it. You dont need a camera for zoom and its probably better for privacy not having camera on
  • #56
  • Jul 31, 2022 9:38am Jul 31, 2022 9:38am
Quoting T721
{quote} Oanda or Pepperstone are quite good. I havent used them personally but a good friend does. I think she prefers Pepperstone
Thanks mate, i'll have to do some research into spread betting again.
  • #57
  • Jul 31, 2022 9:44am Jul 31, 2022 9:44am
Quoting T721
{quote} Lmao i used to love those lollies. no idea if they are still made. Im actually not very good with tech, computers etc, my son had to walk me thru it. You dont need a camera for zoom and its probably better for privacy not having camera on
Oh ok mate, just show's you much i know!, my missus use's zoom or microsoft team's or something similar for work so i'll ask her. Maybe we can chat sometime one weekend that'd be cool.
  • #58
  • Jul 31, 2022 9:58am Jul 31, 2022 9:58am
Quoting chipsngravey
{quote} Oh ok mate, just show's you much i know!, my missus use's zoom or microsoft team's or something similar for work so i'll ask her. Maybe we can chat sometime one weekend that'd be cool.
One more thing. I would use Pepperstone, you only need 1 or £200 pound and only trade at 0.01 let me explain ---

your job is to try and make 1000pips per quarter, trust me this isnt a lot. Think of it this way --- If you cant make 1000pips with £200 account you wont make 1000PIPS WITH 1MILL ACCOUNT

Trade for pips first 4get about the ££££, you need to have a profitable system b4 going for the money
  • #59
  • Jul 31, 2022 10:05am Jul 31, 2022 10:05am
Quoting T721
{quote} One more thing. I would use Pepperstone, you only need 1 or £200 pound and only trade at 0.01 let me explain --- your job is to try and make 1000pips per quarter, trust me this isnt a lot. Think of it this way --- If you cant make 1000pips with £200 account you wont make 1000PIPS WITH 1MILL ACCOUNT Trade for pips first 4get about the ££££, you need to have a profitable system b4 going for the money
Thanks MR T, this is why i like your posts, you always give a correct,logical and true answer to keep in mind about trading, understanding the risks not the profit, thank you.
  • #60
  • Jul 31, 2022 12:27pm Jul 31, 2022 12:27pm
Attached File(s)
File Type: pdf The_Big_Short__Inside_the_Doom.pdf   723 KB | 2,379 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2022-07-31 at 18.26.46.png Size: 16 KB
1 trader viewing now