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Where do all your forex profits go to?

  • #41
  • May 24, 2009 12:00pm May 24, 2009 12:00pm
Leon, is that Le Grand Bleu? I rode a jet ski around Big Blue in Patong, Thailand. That's about as close as I'll probably get to a super yacht.
  • #42
  • Edited May 25, 2009 1:46am May 24, 2009 10:57pm | Edited May 25, 2009 1:46am
Quoting Dopey
Leon, is that Le Grand Bleu? I rode a jet ski around Big Blue in Patong, Thailand. That's about as close as I'll probably get to a super yacht.
Hey Dopey,

That pic was quoted from Welshguy. Dopey? I think so! lol.

Still Dreaming about a visit to Thailand here...

Leon
Living the adventure in my head.
  • #43
  • May 24, 2009 11:30pm May 24, 2009 11:30pm
Taxes are greatest expenditure points for me
  • #44
  • May 25, 2009 1:25am May 25, 2009 1:25am
Quoting Robot
I personally believe 5-10% of the people that voted and wrote comments here are profitable its just the same ratio of overall winner and losers (95-5%)
It is not that easy. If I am still in the game and lately did some good trades, I feel profitable. I do not know that I am whiped out of the market next week, so I feel to have the right to write here.

This way we could leverage the amount of winners about 1:10 or so...
  • #45
  • May 25, 2009 3:54am May 25, 2009 3:54am
Quoting aediaz1

I believe you have an healthy portion of sceptism but don't lock out every option to become profitable. If you want I can send you a name, a book (pdf) and locate you to a thread here on FF. I even bet 100$ you haven't heard neither his name, book or thread before :=) (I wouldn't say yes to this inquiry unless you have at least 6 months with a lot of time to study)
aed,
can you post this name, book and link here for us to have a look?

Cheers

Kingie
  • #46
  • May 25, 2009 4:24am May 25, 2009 4:24am
Quoting kingie_d
aed,
can you post this name, book and link here for us to have a look?

Cheers

Kingie
Just checkout where aediaz1 usually post his ideas.
That is the thread.. lol !
The future depends on what we do in the present.
  • #47
  • May 25, 2009 6:58am May 25, 2009 6:58am
Wow.. 1st time i got back here & to summarize my reaction: i feel like this thread had an initial "breakout"!!

Seriously, i appreciate all the replies. This is 1 of few threads i intend to keep alive for as long as i can. The thread topic has been in my mind for about 2-3+ years now, so it's really great for me to see replies here.

For those who have replied, i hope more details will be unveiled here.... anytime u are comfortable to say so.
For those who have not replied, keep them coming!
  • #48
  • May 25, 2009 7:04am May 25, 2009 7:04am
Quote
Food and household expenses... for now.

doblece,
Hmmmmm... i wonder what's next on your list?
  • #49
  • May 25, 2009 7:07am May 25, 2009 7:07am
Quote
Wine, Women and Song. Not necessarily in that order

PipStar,
Hmmm.. let me guess.... this is the correct order, first to last:
Song, Wine, women

by the way, what exactly do u mean by "Song"? do u buy tons of music cd's or do u go & buy the record companies?
  • #50
  • May 25, 2009 7:11am May 25, 2009 7:11am
Quote
I ticked all of them ...

fxdanny4x,
that's perfectly ok.
But can u be more specific. Like, in percentages & more details, where your profits specifically go? How is your profits allocated? Is there like a monthly allocation?


same goes for BBPI_fxtrader.
  • #51
  • Edited 8:50am May 25, 2009 7:32am | Edited 8:50am
Quote
My hobby is to eat luxury food
First/Earliest "creative answer award" goes to you, Tjpld!

It seems that u prefer French cuisine...

In my place, the Philippines, at present FX rates (say $1 = 47-47.50+ Philippines peso ---huge broker/interbank spreads ), Couquilles St. Jacques would only cost u about $12, at a posh place to boot --- Champagne room @ the Manila Hotel
(i just chanced upon this as i looked up your dish)

cheaper luxury here, almost everywhere u go.
U should try your luxury food trips (& even travel/vacation) here.
Food, furniture, travel, adventure, u name it....
check a sample of places to visit if ever u decide to go, i posted some here:
Photos from home thread by smjones
  • #52
  • May 25, 2009 8:04am May 25, 2009 8:04am
Quote
I Love travelling. Thats why most of my income spend on that.

Hey PipHacker,
excellent hobby.
So where have been, using your fx profits?
Care to share details of your travelscapades?
  • #53
  • May 25, 2009 8:08am May 25, 2009 8:08am
Quote
Some of the money gets spent on good quality porn and scotch.

toshi,
im not into it, but curious.... what specific scotch?
I could understand that scotch can get a bit pricey, but isn't porn easily available? what do u mean by good quality?

by the way, since u have the money, i suggest u go for whole wheat loaves of bread from now on. a lot Healthier
  • #54
  • May 25, 2009 8:13am May 25, 2009 8:13am
Quote
working on the capital to build a new home...the (nearly) ex wife got the other one...(I still own it - but she gets to live there as long as she likes...)

coscorp,
new home, in what price range if u dont mind? or u can just spill out the house specs/details (floor/lot area, # of bedrooms, amenties etc)

doesn't ex-wifey know about your FX profits & your profitability?
Bet she'd regret living her life without u, specially with the new house u are planning to have....
  • #55
  • Edited 9:03am May 25, 2009 8:16am | Edited 9:03am
Quote
That looks really good too, what is that in the background?

traderjai_inhi,
it's a scallop-based dish. looks very delicious, huh?
or are u referring to the other dish slightly seen on that picture?
  • #56
  • May 25, 2009 8:57am May 25, 2009 8:57am
Leonlorenzo,
glad u brought up the issue of profitability.
Coincidentally, i had a PM about the same issue.

To set things straight, this thread is indeed for those who are already reaping their profits & allocating them to some other aspects of their lives.

To be honest, i too am not qualified to answer in my own thread as i am not yet consistently profitable. But, traders like u & me are not prohibited from joining discussions & posting here. Somehow u sparked a healthy discussion & that's fine with me.

I opened this thread out of a long-held curiosity & i expect people to reply in good faith. Having said that, i still exercise, & i expect others do too, caution when reading replies here & throughout the rest of FF. Read & take posts, as always, with a grain of salt.


Quote
You're partly wrong on both your statements here Leon. I know of 1 thread the author started as addition to a book he wrote where he shares everything needed to trade profitable (system-wise). Sadly, the worst part of any trading-system are you as a trader. Math-freaks would probably not agree on that statement but thats ok.
Let's say you have a system thats profitable and you have 50 people trading it. Firstly, no matter what, people will not take the same entries. Some....

Quote
...But when It comes to 'chart patterns', my guess Is that nobody but the retail crowd gives a damn about them because they are random occurences with next to zero predictive value.
Just my opinion ofcourse, but I wont believe otherwise untill I can prove it to myself or someone else proves It to me....

aediaz1 & pipmutt have made valid points.
& before i've read the above post of aediaz1 (the 1st quote), i was gonna say that he (& subsequently belekas responded) is 1 of those who'll prove to u otherwise, that there are some predictability within these "random occurences" ; that chart patterns do repeat themselves; & that there are profitable traders here/out there.

Having some skepticism inside u Leon is healthy. but don't let it consume u. add some those of open-mindedness too.
& if indeed u believe, there's not even 1 trader profitable, it's pointless for us to be continuing on trading, isn't it? Think about it. I'm sure u know in your heart that this can be done, that success is within our reach, no matter how far that is




Quote
I forgot to say that I visited England few weeks ago and had the time of my life! You English folks are so polite and friendly I got almost scared. Not only that, everything was so freakin' cheap. 2£ for a drink, 100£ for those mini-computers ! Felt like I was in Spain before they got €.

Hey, have u already forgotten about the BigMac index?
In our country, u'd be deemed as very rich
  • #57
  • May 25, 2009 9:01am May 25, 2009 9:01am
Quote
For me, it all goes back into other investments.
The long term goal is to buy one of these and trade on that!
WOW welshguy2000, that is massive. That's what i call dreaming BIG.
How much would that cost??
Trading on that would entail an internet via satellite, right?
By the way, what are your short-term & medium-term goals?
  • #58
  • Edited 9:24am May 25, 2009 9:05am | Edited 9:24am
Quoting supremeChaos
In our country, u'd be deemed as very rich
How much money could I live on for 6months? Thats eating fresh and nutritious food and renting a Flat of reasonable quality in a good area.
Good area = somewhere I dont have to watch my back for fear of being robbed.

Just interested.

Leon

Ps. Im talking about living In the Philippines.
Living the adventure in my head.
  • #59
  • May 25, 2009 9:18am May 25, 2009 9:18am
Quote
You forgot Savings as an option!...


Jhig,
I would say Savings is part of the Investments category, albeit a small part of it.

I'm not familiar with US-based available investments/asset classes, but i guess u know that Savings account yield small interests.

Health/life insurance--- i'm not sure if it's possible to live 100% without these. (I'm thinking: just eat healthy foods & probably allocate money for each of your dependents or better yet just teach "them how to fish")

credit cards: useful IF u know how to use it & if u have discipline. i use it as much as i can. & when i do use it, i make sure i pay IN FULL, so i don't incur interest. so in effect, i'm using the credit card for free; or in other words, i use it to delay payments (on whatever i use credit cards for) by 1 month. There are certain perks/privileges/freebies; sometimes u can use it to buy (slightly to heavily) big-ticket items & be able yo pay it in small chunks (installments, at 0% interest most of the time) INSTEAD of paying in cash THE FULL AMOUNT. I'm pretty sure u are aware of these.

On apartment leasing: i'm not privy to your exact circumstance, but i guess owning a home would probably better than leasing an apartment? what u could do, as part of your investment portfolio, is lease several apartments yourself. that way, u are the lease collector, not the collectee
  • #60
  • May 25, 2009 9:23am May 25, 2009 9:23am
Quote
Leon, is that Le Grand Bleu? I rode a jet ski around Big Blue in Patong, Thailand. That's about as close as I'll probably get to a super yacht.

Dopey,
if u like Thailand... i think u will love the Philippines!
possibly cheaper/similar to Thailand, but people are equally/more friendlier, very hospitable.... plus English is very much part of our people's language toolbox.
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