Dislikedwe all different and each have different threshold of emotion, i am more comfotable taking a long term trade than a short term trade...like the spike we had on euro, someone would have been long..and spiked and saying "bloody market"
market will give opportunity to every1 ..with a sense of randomness
it all depends on the individual
jacko is one of the best traders along with irgok...they have held positions for years..they are highly successfull
can u name a single scalper which has reached the same status?
but like i said..each to there...Ignored
Glad you have found a style that you are optimistic about. I foresee cable at 1.78 no problema in some kind of time frame so as long as your positions are small enough to ride the tsunamis in beteen now and then and as long as the % interest from the broker doesnt engulf you, then I can see this working
Its all about spreads, time frames (interest) and volatility in between now and the target
..and all this assumes the trend is as planned
I actually have a cash account at the BOE which is yielding 3.9% on 1 year - so if I get a 10% cable pop as well I will be doing 14% on cash in USD terms - that will be very nice with no shares to worry about either in that portfolio sector. Money for nuttin' and your chicks for free !
Borrowing to trade like we do in forex is interest/spread handicapped from the start so I am still scalping like geronimo on acid