Dislikedwhat PA ? ... a 40 pip range and you made a fortune ? you are obviously over leverage , and what is a fortune to you is just a small drop in the bucket to others. I would consider 1 million a fortune , I would consider 10 k just another day in the office.
1.4360 to 1.4410 is not a huge move for 13 hours ....
I am a gj trader but recentyl switched to eu and gu due to the easy traneds to play. GJ farts and she moves 50 pip on one 5 min candle.Ignored
Hi Malcomb,
You are so right when you say that "what is a fortune to you is just a small drop in the bucket to others". It is definitely a relative term. I am sure rattyo meant fortune relative to herself. (good job, rattyo). As for a move of 50 pips could be producing a "fortune" for any one? Well, a trader could very well be making 100 pips or even more from a "zero" pip net move, or am I wrong?
I was also doing some maths with the figure quoted by you. As I understand, any sensible long term trader, who is disciplined with respect to leveraging and overall money management is a happy camper if he makes 40% to 50% a year.
You say that you consider a 10K income per day "just another day in the office". Assuming you work 300 days, lets make it 250 days in the year, you will have an income of $2.5M. For any "sensible" trader, minimum working capital of $5M would be required.
Am I correct or am I missing something?
TF