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  • #81,161
  • Mar 30, 2009 4:58am Mar 30, 2009 4:58am
yea, not much...only you lose REAL money
  • #81,162
  • Mar 30, 2009 4:59am Mar 30, 2009 4:59am
big speeches usually mean crazy pa ! be careful
  • #81,163
  • Mar 30, 2009 5:02am Mar 30, 2009 5:02am
Quoting albchr
....Wish I could say that....

I've doubled demos in a month and wiped them out in a month....LOL

The past 3 months I've come out ahead so I only hope there isn't "too" much difference between demo and live...

Ahhhhh but when you lose on a Demo, it's not real you where obviously just messing around at the time, just click on the open new demo account button, flip a couple of random trades and retire to demo world.

I pretty much can't fail on Demo account, or above maybe dunno hard to be objective about this kind thing
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #81,164
  • Mar 30, 2009 5:04am Mar 30, 2009 5:04am
Quoting SerpentDove
not much difference, kinda like the difference between Pluto and the Sun.
technically it shouldn't be much difference at all. If you have really defined rules for entry and exit it should be pretty much the same thing.

Key is not to be developing a system while you are trading a live account. Must be able to be profitable on demo account for serveral months before going live.

I've been live and demo. I feel pretty much the same now between accounts. Risk management is the most important factor in calming me down.

Also if you have proven your system to be profitable for several months on demo then that also should give you a lot of confidence.
  • #81,165
  • Mar 30, 2009 5:08am Mar 30, 2009 5:08am
good morning all
  • #81,166
  • Mar 30, 2009 5:08am Mar 30, 2009 5:08am
Hey altrader, is it too soon to say or does it look like a rebounce in the north direction is possible ?
  • #81,167
  • Mar 30, 2009 5:14am Mar 30, 2009 5:14am
Quoting Turveyd
Ahhhhh but when you lose on a Demo, it's not real you where obviously just messing around at the time, just click on the open new demo account button, flip a couple of random trades and retire to demo world.

I pretty much can't fail on Demo account, or above maybe dunno hard to be objective about this kind thing
I hear what you're saying but this is how serious I take the demo.

Self employed contractor for 35 years. Back collapsed in November 07 and haven't worked since. Now in a wheelchair. This is the ONLY thing I can see to make a living.

Breaking two MAJOR rules of engagement. First, the money I have to start a live account is all I have left. Second, I MUST average $500 a day to live and slowly add to the account.

Believe me, I'm taking this demo learning VERY seriously...LOL When I loose, it HURTS BIG TIME...LOL
Ghost Rider - WWTBMD?
  • #81,168
  • Mar 30, 2009 5:16am Mar 30, 2009 5:16am
Quoting albchr
I hear what you're saying but this is how serious I take the demo.

Self employed contractor for 35 years. Back collapsed in November 07 and haven't worked since. Now in a wheelchair. This is the ONLY thing I can see to make a living.

Breaking two MAJOR rules of engagement. First, the money I have to start a live account is all I have left. Second, I MUST average $500 a day to live and slowly add to the account.

Believe me, I'm taking this demo learning VERY seriously...LOL When I loose, it HURTS BIG TIME...LOL
i also did constuction for awhile and when the reccession started all work diappeared trust me investing all u have isnt smart the market is very tricky i suggest u save some
  • #81,169
  • Mar 30, 2009 5:16am Mar 30, 2009 5:16am
Quoting thegman
Hey altrader, is it too soon to say or does it look like a rebounce in the north direction is possible ?
well first thing. I'm still not yet profitable, so take what i say with a grain of salt.

having said that, i think it is too soon to go short now. I'm already short. If I were you i'd wait for a breach of the most recent low. So if we go lower than 3161...then that should be a good trigger for going short.

OR you should wait for a close under the s1 pivot point.

It all depends on your system as well.
  • #81,170
  • Mar 30, 2009 5:22am Mar 30, 2009 5:22am
I'm back out for pips. Will play rebound of breakout. Until then I'm not getting back in.
  • #81,171
  • Mar 30, 2009 5:26am Mar 30, 2009 5:26am
Quoting CAnthonyMVE
i also did constuction for awhile and when the reccession started all work diappeared trust me investing all u have isnt smart the market is very tricky i suggest u save some
I have a really great reputation building high end custom homes and doing top notch custom woodwork. If my Freaking back would let me, I'd still be working even in this economy. To this day I get calls to do work.

I understand and agree with what you say but I'm kind of against a wall here. The Forex is tricky even in good times but now...whew...it's nuts. Hell, if all the talk about the dollar failing comes to pass, there might not even be a Forex anymore.

I thought about taking only half of what I have to start an account but if the dollar keeps getting weaker, saving the other half will cost me as well...no?

No easy answer for sure.
Ghost Rider - WWTBMD?
  • #81,172
  • Mar 30, 2009 5:29am Mar 30, 2009 5:29am
Quoting albchr
I have a really great reputation building high end custom homes and doing top notch custom woodwork. If my Freaking back would let me, I'd still be working even in this economy. To this day I get calls to do work.

I understand and agree with what you say but I'm kind of against a wall here. The Forex is tricky even in good times but now...whew...it's nuts. Hell, if all the talk about the dollar failing comes to pass, there might not even be a Forex anymore.

I thought about taking only half of what I have to start an account but if the dollar...

insider tip buy gold and silver with the other half there is going to be massive inflation and the dollor wont be worth shit but gold and silver will appreciate big time and just cuz u cant do the work u can hire people to do it and u just supervise
  • #81,173
  • Mar 30, 2009 5:34am Mar 30, 2009 5:34am
Quoting albchr
I thought about taking only half of what I have to start an account but if the dollar keeps getting weaker, saving the other half will cost me as well...no?
If you don't plan on buying overseas you shouldn't worry too much about the weakness of the dollar, you will keep your purchasing power no matter what. On the other hand, in the forex market you can actually lose it all, and really quickly.

I am sure you know it but I would be careful. Just my two cents.
  • #81,174
  • Mar 30, 2009 5:35am Mar 30, 2009 5:35am
Quoting albchr
I hear what you're saying but this is how serious I take the demo.

Self employed contractor for 35 years. Back collapsed in November 07 and haven't worked since. Now in a wheelchair. This is the ONLY thing I can see to make a living.

Breaking two MAJOR rules of engagement. First, the money I have to start a live account is all I have left. Second, I MUST average $500 a day to live and slowly add to the account.

Believe me, I'm taking this demo learning VERY seriously...LOL When I loose, it HURTS BIG TIME...LOL
Bummer on the back dude, running outta work here so 3 - 4 months to get Forex paying my way, on the bright side for me $500 per week would do nicely $500 per day sounds like hard work.

All in, although I'm all in it's only $300 area so no biggy, could add $100 I guess so ECCCKKSSS!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #81,175
  • Mar 30, 2009 5:38am Mar 30, 2009 5:38am
Quoting CAnthonyMVE
insider tip buy gold and silver with the other half there is going to be massive inflation and the dollor wont be worth shit but gold and silver will appreciate big time and just cuz u cant do the work u can hire people to do it and u just supervise
Yep, been thinking that way myself on the gold and silver. I can't afford much of it but I'm pretty sure it will still be worth more than the paper that buys it.

On the work, not to sound "too" arrogant but, it's MY hands that do the level of work my contractors have come to expect and well, GOOD help is hard to find. Plus, being in a wheelchair makes supervising rather difficult since I don't have, and can't afford one of those fancy cripple cars to get around in...LOL
Ghost Rider - WWTBMD?
  • #81,176
  • Mar 30, 2009 5:40am Mar 30, 2009 5:40am
Quoting albchr
Yep, been thinking that way myself on the gold and silver. I can't afford much of it but I'm pretty sure it will still be worth more than the paper that buys it.

On the work, not to sound "too" arrogant but, it's MY hands that do the level of work my contractors have come to expect and well, GOOD help is hard to find. Plus, being in a wheelchair makes supervising rather difficult since I don't have, and can't afford one of those fancy cripple cars to get around in...LOL

lol well i hope all goes well for u as for me im dyin lol
  • #81,177
  • Mar 30, 2009 5:41am Mar 30, 2009 5:41am
Gm and Chrysler May Be Forced To File Bankruptcy Is This Bad News For The Dollar????
  • #81,178
  • Mar 30, 2009 5:44am Mar 30, 2009 5:44am
Quoting Turveyd
Bummer on the back dude, running outta work here so 3 - 4 months to get Forex paying my way, on the bright side for me $500 per week would do nicely $500 per day sounds like hard work.

All in, although I'm all in it's only $300 area so no biggy, could add $100 I guess so ECCCKKSSS!!!
$500 a week? Brother I envy you. Pretty hefty mortgage payment (no, not one of those STUPID ones so many took) My house is still worth more than the loan. 2 kids in collage now and one wanting to go next year. Yep, sweating here..LOL
Ghost Rider - WWTBMD?
  • #81,179
  • Mar 30, 2009 5:45am Mar 30, 2009 5:45am
Quoting albchr
$500 a week? Brother I envy you. Pretty hefty mortgage payment (no, not one of those STUPID ones so many took) My house is still worth more than the loan. 2 kids in collage now and one wanting to go next year. Yep, sweating here..LOL

wow is your strategy working??
  • #81,180
  • Mar 30, 2009 5:47am Mar 30, 2009 5:47am
Quoting CAnthonyMVE
Gm and Chrysler May Be Forced To File Bankruptcy Is This Bad News For The Dollar????
It is probably good news for the USD and bad news for the EURO.

'probably'.

It means that the stock market will likely get hammered if and when chrysler and GM go backrupt.
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