Trading for a Living - Cliff Notes | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Living in China, trading for a living 18 replies

Forex Trading for a living... anyone? 143 replies

Trading for a Living 29 replies

Trading for a living 10 replies

Book Wanted: Trading For A Living 43 replies

Attachments: Trading for a Living - Cliff Notes
Exit Attachments

Trading for a Living - Cliff Notes

  • #421
  • Aug 7, 2009 3:04am Aug 7, 2009 3:04am
Quoting acumen
I have my pivot at .4371 and price has bounced off it already this evening 3 times.

m

5 times now...

and i can't ignore anyone on this forum especially good contributors like yrself
  • #422
  • Aug 7, 2009 7:09am Aug 7, 2009 7:09am
Quoting jennajameson
5 times now...

and i can't ignore anyone on this forum especially good contributors like yrself
Yes... a great scalping evening... I missed it... counting those damn sheep.

m
  • #423
  • Aug 7, 2009 7:09am Aug 7, 2009 7:09am
Quoting pipmyride
Hi acumen,

Great thread - appreciated by many.

I'm wondering if its within the scope of the thread for you to add tips or lessons about planning to trade for a living, ie, before one embarks on trading for a living, and exiting the rat race, what pearls of wisdom could you teach them in order to make the transition a less risky one ?

Thx for listening
Just thinking on this one.

m
  • #424
  • Aug 7, 2009 1:32pm Aug 7, 2009 1:32pm
Quoting acumen
Use the one on my site and watch how price reacts.

m
Thank you, I'll have a watch on them.
  • #425
  • Aug 7, 2009 4:42pm Aug 7, 2009 4:42pm
Quoting pipmyride
Hi acumen,

Great thread - appreciated by many.

I'm wondering if its within the scope of the thread for you to add tips or lessons about planning to trade for a living, ie, before one embarks on trading for a living, and exiting the rat race, what pearls of wisdom could you teach them in order to make the transition a less risky one ?

Thx for listening
acu said one needs at least 40/50k in order to survive and spare some money to provide account growth.

i may add i read something on these forums regarding a side account that holds sufficient capital in order to survive at least 3/4 months... as a buffer for your trading, so you don't take money from the trading account for living...

i dunno if this rule may apply if you are managing a fund though, but if u switched to full time trader i think it's rare that one start out managing a fund...

right?
  • #426
  • Aug 7, 2009 7:09pm Aug 7, 2009 7:09pm
Hi, I've just finished reading the whole thread in one sit, and wanted to say:
Thank you acumen & everyone else for this wonderful thread

Have a nice day

PS: If you continue to achieve this results maybe some day you can date Giselle...
3rd World Trading
  • #427
  • Aug 7, 2009 9:37pm Aug 7, 2009 9:37pm
Quoting adesalambrar
Hi, I've just finished reading the whole thread in one sit, and wanted to say:
Thank you acumen & everyone else for this wonderful thread

Have a nice day

PS: If you continue to achieve this results maybe some day you can date Giselle...
Small wins day in and day out... nothing more.

Giselle's with Tommy now... It's time for dumby Megan Fox.

Appreciate the kind words.

Mike
  • #428
  • Aug 8, 2009 1:00am Aug 8, 2009 1:00am
Quoting jennajameson
i may add i read something on these forums regarding a side account that holds sufficient capital in order to survive at least 3/4 months... as a buffer for your trading, so you don't take money from the trading account for living...
right?
perhaps for a young single person. it really depends.
  • #429
  • Aug 8, 2009 6:13am Aug 8, 2009 6:13am
Are you saying futures new york market close ? or other
what GMT are you using


Quoting acumen
Based on the NY close.

m
  • #430
  • Aug 8, 2009 9:57am Aug 8, 2009 9:57am
Quoting acumen
Just thinking on this one.

m
  • #431
  • Aug 8, 2009 9:59am Aug 8, 2009 9:59am
Quoting jennajameson
i may add i read something on these forums regarding a side account that holds sufficient capital in order to survive at least 3/4 months... as a buffer for your trading, so you don't take money from the trading account for living...


right?
Absolutely agree with this one
  • #432
  • Aug 8, 2009 12:27pm Aug 8, 2009 12:27pm
Quoting dunningduke
perhaps for a young single person. it really depends.

ye i know... the guy that wrote that said that one needs to include just the basic needs, and leave out the entertainment costs... and cadeaux...
  • #433
  • Aug 8, 2009 2:13pm Aug 8, 2009 2:13pm
Want to hear a funny one?

I heard about a guy who has a red flashing light in his living room. He turns it on when he enters a trade to warn his wife and kids not to interrupt him. . . . what a moron!!

Shakey
  • #434
  • Aug 10, 2009 2:34am Aug 10, 2009 2:34am
Thanks for the postings - good value.

I must have missed it but you refer to your site a number of times - what is the address of your site??

Thanks
  • #435
  • Aug 10, 2009 2:49am Aug 10, 2009 2:49am
Quoting Pvj
Thanks for the postings - good value.

I must have missed it but you refer to your site a number of times - what is the address of your site??

Thanks
thefxpivotpoint.com

Not selling anything but the videos take forever to download.

m
  • #436
  • Edited 4:13pm Aug 10, 2009 12:37pm | Edited 4:13pm
Acumen - Keep up the good work. I have read the all thread, and apreciate the very few post - The Lessons. Cobraforex definitely does a good job by converting those into pdf.
JJ - No demo will give you the thrill of a blown up live account. Hints about that are all over the thread. Acumen, Islander, Cobraforex, Tradewell they mentioned that at the very beginning. The faster you'll start live the faster you'll learn. No demo will give you the joy of a successful live trade
Regards, Credos
  • #437
  • Aug 11, 2009 3:13am Aug 11, 2009 3:13am
Hi credos,

already blown 1k of my 5k usd account. won't go live again without good confidence about my new strategy...

i used to do 3% risk trades, lol... thinking about that now makes me feel really guilty... it's wonderful i didn't blow everything up...

thanks for advice.

jj.
  • #438
  • Aug 11, 2009 3:39am Aug 11, 2009 3:39am
Just pass by here to say thanks to acumen and the valuable information that we are getting here.

I'm only at page 3 but I hope that in 2-3 hour to read the hole thread and digest all the information

and after that i'll reded again because so I'm doing when I find such great information

I'm like others never stop to learn the basic stuff, because every time I did this I have put me in the right direction

cheers all!!!
  • #439
  • Aug 11, 2009 7:50am Aug 11, 2009 7:50am
Quoting jennajameson
Hi credos,

already blown 1k of my 5k usd account. won't go live again without good confidence about my new strategy...

i used to do 3% risk trades, lol... thinking about that now makes me feel really guilty... it's wonderful i didn't blow everything up...

thanks for advice.

jj.
JJ,

Maybe your poor results had less to do with your trading strategy, and more to do with your character weaknesses... those character weaknesses tend not to show themselves until real money is on the line, no matter how small the amount.

And I'm not trying to put you down, I am working through character weaknesses right now myself, until I fix them it's not going to matter what strategy I try to use to get into the market.
  • #440
  • Aug 11, 2009 7:39pm Aug 11, 2009 7:39pm
Quoting Jimmy Jones
JJ,

Maybe your poor results had less to do with your trading strategy, and more to do with your character weaknesses... those character weaknesses tend not to show themselves until real money is on the line, no matter how small the amount.

And I'm not trying to put you down, I am working through character weaknesses right now myself, until I fix them it's not going to matter what strategy I try to use to get into the market.
Trading is not difficult. Enter the trade and enter your stop. You will win or lose. What is so difficult about that? Character has nothing to do with this.
0 traders viewing now