{quote} fardeen bro I'm not interested in talking to you ,would you please don't poke your nose in betweenand btw good luck with your shit fundamentals posts which no one cares of
More time in the market, does not mean you trade better!
Cable Update (GBPUSD)
- #772,481
- Sep 4, 2023 12:19pm Sep 4, 2023 12:19pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
- #772,483
- Sep 4, 2023 12:24pm Sep 4, 2023 12:24pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
Play Up some EW for Overnight Longs 
Hope i count the EW correctly
Hope i count the EW correctly
More time in the market, does not mean you trade better!
- #772,484
- Sep 4, 2023 12:29pm Sep 4, 2023 12:29pm
- Joined May 2022 | Status: Trader | 8,031 Posts
this isnt a prop firm post cause im done with that...let them get screwed over by the the companies and regulators...the world needs ditch diggers too like nthe judge said in caddyshack 
this post is about leverage
most beginners myself included go for the most leverage brokers and promptly lose their money.... the dreams of high leverage increasing the chances and shortening the time of becoming rich is a fantasy LOL...usually most people never learn that lesson
i didnt start getting better till traded contrarian that is reversals and banished indicators and used the least amount of margin i could...it let me stay in the game longer without blowing myself up too quickly so i can build up confidence
in stock trading the leverage is just 2 to 1..the broker will just double what your allowed to buy
im sure you all know warren buffet...he doesnt use full 2 to 1 margin he likes paying for his stock in cash
Buffett Warns Investors To Avoid Borrowing Money To Buy Stocks
somebody figgered out he uses 1.7 to 1
We estimate that Buffett applies a leverage of about 1.7-to-1, boosting both his risk and excess return in that proportion. Thus, his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over a number of decades.
so the guy got to so rich using the least leverage he could
so in futures even tho i can trade a boatload of shit i dont..i scale up contracts incrementally only when my balance goes up the same
learn from the winners like buffet and let the posers keep chasing their dreams
this post is about leverage
most beginners myself included go for the most leverage brokers and promptly lose their money.... the dreams of high leverage increasing the chances and shortening the time of becoming rich is a fantasy LOL...usually most people never learn that lesson
i didnt start getting better till traded contrarian that is reversals and banished indicators and used the least amount of margin i could...it let me stay in the game longer without blowing myself up too quickly so i can build up confidence
in stock trading the leverage is just 2 to 1..the broker will just double what your allowed to buy
im sure you all know warren buffet...he doesnt use full 2 to 1 margin he likes paying for his stock in cash
Buffett Warns Investors To Avoid Borrowing Money To Buy Stocks
somebody figgered out he uses 1.7 to 1
We estimate that Buffett applies a leverage of about 1.7-to-1, boosting both his risk and excess return in that proportion. Thus, his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over a number of decades.
so the guy got to so rich using the least leverage he could
so in futures even tho i can trade a boatload of shit i dont..i scale up contracts incrementally only when my balance goes up the same
learn from the winners like buffet and let the posers keep chasing their dreams
short trump and go long the deepstate
- #772,485
- Sep 4, 2023 12:30pm Sep 4, 2023 12:30pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
Good morning one and all.....GU to go down massively....only joking I don't know...
- #772,486
- Sep 4, 2023 12:38pm Sep 4, 2023 12:38pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
anyone know why my post #772296 is hidden please take a look and let me know, many thanks in advance...
- #772,487
- Sep 4, 2023 12:40pm Sep 4, 2023 12:40pm
- Joined Oct 2009 | Status: Trader | 5,639 Posts
{quote} im with AMP futures, thinkorswim which was ameritrade but is schwab nowfor stocks and options , usa oanda and still have a interactivebrokers account but switched majority trading to AMP since they have day margins on ES and all mini contracts so its cheaper to trade cable futures than pay the huge spread on oanda https://www.ampfutures.com/ its safer than any stupid ass propfirm https://www.ampfutures.com/trading-info/margins 40 dollar margin on indexes which is safer and probably cheaper than the prop firms
Oanda for forex, AMP for futures (I'm an old customer so I'm allowed to keep the NT platform), TD Ameritrade (Datek, Ameritrade), with ToS software for options, and anything else, Vanguard for 401(k). There is no way I will ever trade with Bucket Shop.
Half a year after they introduced micro ES, I switched from minis YM, and minis ES to micro ES when the volume picked up. Allows me to take partial profit. Also traded GB futures. Good choice.
Always trade your own plan...I don't provide trading signals.
- #772,488
- Sep 4, 2023 12:40pm Sep 4, 2023 12:40pm
- Joined Feb 2012 | Status: Devour of Dream | 1,020 Posts
Intraday Trading is an Art _ hoda
- #772,489
- Sep 4, 2023 12:56pm Sep 4, 2023 12:56pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #772,490
- Sep 4, 2023 12:58pm Sep 4, 2023 12:58pm
- Joined May 2022 | Status: Trader | 8,031 Posts
{quote} Zebi, we rarely agree on anything, but we have the same brokers.
with micros theres no need to screw with forex brokers unless someone cant trade cme in their countries
short trump and go long the deepstate
- #772,491
- Sep 4, 2023 1:08pm Sep 4, 2023 1:08pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
anyone know why my post #772296 is hidden please take a look and let me know, many thanks in advance...
Bible Belt viewer must have spotted it
every Saint has a past. Every Sinner has a Future
- #772,492
- Sep 4, 2023 1:14pm Sep 4, 2023 1:14pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} Politics or religeon label I guess. ? Bible Belt viewer must have spotted it
- #772,493
- Edited 1:56pm Sep 4, 2023 1:18pm | Edited 1:56pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} Politics or religeon label I guess. ? Bible Belt viewer must have spotted it
- #772,494
- Sep 4, 2023 1:21pm Sep 4, 2023 1:21pm
- Joined Oct 2009 | Status: Trader | 5,639 Posts
{quote} with micros theres no need to screw with forex brokers unless someone cant trade cme in their countries
Always trade your own plan...I don't provide trading signals.
- #772,495
- Sep 4, 2023 1:28pm Sep 4, 2023 1:28pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
he started ignoring me but didn't gave the answer{image}
...genius... - #772,496
- Sep 4, 2023 1:30pm Sep 4, 2023 1:30pm
- Joined Aug 2021 | Status: Trader | 2,506 Posts
{quote} I don't mind it being hidden the more likely otjers will be interested at looking at it, always has the reverse effect thanks to the Mods....
btw, Where is Chiko Pat? I haven't seen him lately
https://breakpullback.com- #772,497
- Sep 4, 2023 1:30pm Sep 4, 2023 1:30pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
{quote} 0.94% total risk I take for the three short tortoises{image}
same view
MY OPINION NOT FINANCIAL ADVISE
- #772,498
- Sep 4, 2023 1:32pm Sep 4, 2023 1:32pm
- Joined Aug 2021 | Status: Trader | 2,506 Posts
https://breakpullback.com- #772,499
- Sep 4, 2023 1:35pm Sep 4, 2023 1:35pm
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} You 're under the supervision of a moderator lol btw, Where is Chiko Pat? I haven't seen him lately
......don't you know me and Pat are the same Patski...
only joking Leon before you get too excited, hopefully Pat's out spending all his money...
- #772,500
- Edited 1:52pm Sep 4, 2023 1:35pm | Edited 1:52pm
- Joined May 2022 | Status: Trader | 8,031 Posts
{quote} Zebi, I agree. It all depends on personality too. I love fast markets with decent volume, that's why I trade micro ES futures and forex when NY opens. I don't avoid times when data is released. I tend to do stupid things in dull markets out of boredom. Thanks for Cable Update (GBPUSD) thread, otherwise I might lose the shirt.
what most people dont realize about daytrade margins at deep discount futures brokers is theyre in effect for 23 hours and 50 minutes LOL..not just for the u.s. session
i shouldnt be saying that but most here are foreigners and may not be able to swamp AMP and ruin our broker with new accounts LOL
short trump and go long the deepstate