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  • #83,941
  • Apr 7, 2009 5:48pm Apr 7, 2009 5:48pm
Good Evening everyone!

One quick question: What is the best way to lose in this market?
The Thief of Wall Street
  • #83,942
  • Apr 7, 2009 5:57pm Apr 7, 2009 5:57pm
Quoting Chicky
Good Evening everyone!

One quick question: What is the best way to lose in this market?
Let this guy manage your account from prison.
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  • #83,943
  • Apr 7, 2009 5:57pm Apr 7, 2009 5:57pm
Bring me your computing device with the platform open and you wont be dissapointed

but is there a reason for....


Quoting Chicky
Good Evening everyone!

One quick question: What is the best way to lose in this market?
  • #83,944
  • Apr 7, 2009 6:00pm Apr 7, 2009 6:00pm
Quoting FXSurfer
Let this guy manage your account from prison.
  • #83,945
  • Apr 7, 2009 6:04pm Apr 7, 2009 6:04pm
Quoting Chicky
Good Evening everyone!

One quick question: What is the best way to lose in this market?

  1. Following Trend or Lagging Oscillator Indicators
  2. Trade during LOW volatile periods
  3. Trade during HIGH volatile periods
  4. Limiting Losses and Watching Money Management
  5. Trading Against the Trend
  6. Following the Advice of Others
  7. Equity Exposure by Not Place STOP Orders

... and the list goes on.

  • #83,946
  • Apr 7, 2009 6:07pm Apr 7, 2009 6:07pm
Quoting FXSurfer
Let this guy manage your account from prison.
I doubt it won't work. Fist few investors will always get their money back plus some profit. Its the last few and "lasting ones" who will lose. This is one good thing about a ponzi scheme. Even those scheme require some initial capital (or bait)
The Thief of Wall Street
  • #83,947
  • Apr 7, 2009 6:09pm Apr 7, 2009 6:09pm
no offence but if your "list" goes on then how can I make money in this market?

I have done all of the below and still made some moolah, just thought will let you know.

Quoting Jhig

  1. Following Trend or Lagging Oscillator Indicators
  2. Trade during LOW volatile periods
  3. Trade during HIGH volatile periods
  4. Limiting Losses and Watching Money Management
  5. Trading Against the Trend
  6. Following the Advice of Others
  7. Equity Exposure by Not Place STOP Orders

... and the list goes on.

  • #83,948
  • Apr 7, 2009 6:10pm Apr 7, 2009 6:10pm
Quoting Sandhu
Bring me your computing device with the platform open and you wont be dissapointed

but is there a reason for....
No matter how great and consistent loser you may be, but it won't work. You would play differently with my money and will gain instead. It won't work.
The Thief of Wall Street
  • #83,949
  • Apr 7, 2009 6:11pm Apr 7, 2009 6:11pm
Quoting Chicky
Good Evening everyone!

One quick question: What is the best way to lose in this market?
Use maximum leverage without stops.
"The markets are the greatest chess match ever played."
  • #83,950
  • Apr 7, 2009 6:14pm Apr 7, 2009 6:14pm
Quoting Jhig

  1. Following Trend or Lagging Oscillator Indicators
  2. Trade during LOW volatile periods
  3. Trade during HIGH volatile periods
  4. Limiting Losses and Watching Money Management
  5. Trading Against the Trend
  6. Following the Advice of Others
  7. Equity Exposure by Not Place STOP Orders

... and the list goes on.

Indeed it goes on. However, it will be much appreciated if you could kindly help me out with picking the BEST way of acheiving that objective.
The Thief of Wall Street
  • #83,951
  • Apr 7, 2009 6:16pm Apr 7, 2009 6:16pm
Quoting Tradester
Use maximum leverage without stops.
Tradester, I really appreciate your help. This sounds a good one.
The Thief of Wall Street
  • #83,952
  • Apr 7, 2009 6:23pm Apr 7, 2009 6:23pm
Quoting Chicky
help me out with picking the BEST way
After thinking about it I would say: Vengeful Over-Trading.
  • #83,953
  • Apr 7, 2009 6:23pm Apr 7, 2009 6:23pm
Quoting Tradester
Use maximum leverage without stops.
Use maximum leverage WITH stops......

You DO realize, don't you, that there is no such thing as a "limit" order in the forex marketplace? A SL order has as the "limit" portion, WHEN the order to close the trade is "officially" processed.....from that moment on, the order is a MARKET order, and will get filled whenever, at whatever price!
  • #83,954
  • Apr 7, 2009 6:30pm Apr 7, 2009 6:30pm
Quoting FXSurfer
After thinking about it I would say: Vengeful Over-Trading.
This seems acceptable. How do you define over-trading? In its original context it means working with very high leverage. Some people here refer to it as trading continuously; some people say it is entering into the market with just one or two big-lot positions; and, some say it is betting the whole farm on one move.
The Thief of Wall Street
  • #83,955
  • Apr 7, 2009 6:40pm Apr 7, 2009 6:40pm
Quoting traderathome
Use maximum leverage WITH stops......

You DO realize, don't you, that there is no such thing as a "limit" order in the forex marketplace? A SL order has as the "limit" portion, WHEN the order to close the trade is "officially" processed.....from that moment on, the order is a MARKET order, and will get filled whenever, at whatever price!
Traderathome, does this mean you are concurring with this recipe for disaster?
The Thief of Wall Street
  • #83,956
  • Apr 7, 2009 6:41pm Apr 7, 2009 6:41pm
I'd class over trading as trading for so long each day that you get tired and start losing money, it's never over trading if your making

Others seem to have a Arbitrary number attached to how many trades is allowed before your " Over Trading ", this seems to be @6!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #83,957
  • Apr 7, 2009 6:50pm Apr 7, 2009 6:50pm
Quoting Chicky
Traderathome, does this mean you are concurring with this recipe for disaster?
I was just responding to the comment that using maximum leverage without a SL was a recipe for disaster, by adding it is also a disaster WITH a SL! Once the PA hits the "limit" for a SL order, that order goes into the system as a Market Order. Now, depending upon the shenanegans going on at the time, the actual fill may be at the limit price (lucky), some pips away, even DOZENS of pips away if something causing a lot of volatility just happened and your broker wants to take advantage of you!
  • #83,958
  • Apr 7, 2009 7:02pm Apr 7, 2009 7:02pm
I think the best way of losing money in this market is to be afraid of making a fortune and also losing a fortune (or vice versa). Winning is attached to losing and losing is attached to winning. No one can achieve one without taking a risk on the other. Therefore winning combination would be: hope to win and don't be afraid of losing. This thinking will automatically lead to proper money management.
The Thief of Wall Street
  • #83,959
  • Edited 7:54pm Apr 7, 2009 7:09pm | Edited 7:54pm
EJ M15 Chart: If PA breaks below triangle, then looks like S2 is target because it is the required distance away from breakout based on maximum height of triangle ("H").
Edit: Add second chart showing PA already down 100+ pips in 26 minutes from previous initial post regarding possible breakout. If not in, don't chase....
Edit: After low of 132.31, it was spike manipulated up to 133.33....high volatility, which in regards to larger TFs showing this transitioning from trend up to trend down, means to me that the big players are using every play in the playbook to drive prices high in order to encourage people to buy while they take the short side of the trades!
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  • #83,960
  • Apr 7, 2009 7:23pm Apr 7, 2009 7:23pm
Quoting Chicky
Good Evening everyone!

One quick question: What is the best way to lose in this market?
Chicky that's just to easy-- click Buy/sell--- chicken out as soon as your losing
repeat as often as needed
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