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4% A Day Forever

  • #1,281
  • Aug 19, 2010 9:53am Aug 19, 2010 9:53am
Heres two of todays trades
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Annoying Precision
  • #1,282
  • Aug 19, 2010 2:40pm Aug 19, 2010 2:40pm
Good to see you back on your page

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,283
  • Aug 19, 2010 2:53pm Aug 19, 2010 2:53pm
Fool, I'll look to add money when / if I get a few months worth of solid gains until then keeping it hobby money, no point wasting over that.

Good to have you back in the game, atleast until work takes over again.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,284
  • Aug 19, 2010 3:14pm Aug 19, 2010 3:14pm
Glad to see an update TF.

Let me know when you need a second trader to join your (near-future) Seattle firm, alright?

Cheers man, take care.
  • #1,285
  • Aug 19, 2010 6:04pm Aug 19, 2010 6:04pm
Quoting sam0182
Glad to see an update TF.

Let me know when you need a second trader to join your (near-future) Seattle firm, alright?

Cheers man, take care.
Hey man. You bet. Only $100k to get in too, snap for a perfessional engineer. You know, I have been to Kennewick about 4 times this summer, but every time I'm driving in around 2200 and heading back home by noon the next day. One of these times Ima call you & we will get that beer. You probably know of a place where they aint rolled the sidewalks up by 8 o'clock I bet....

If I can tie up all loose ends I am going on a camping trip in September - Canyonlands, Mesa Verde, etc - & will be driving thru then on a more leisurely pace.

Anyway, hope you are doing well & staying out of trouble.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,286
  • Aug 19, 2010 10:23pm Aug 19, 2010 10:23pm
Quoting The Fool

You probably know of a place where they aint rolled the sidewalks up by 8 o'clock I bet....
Ha, yeah, the damn casino.

I'll be in Seattle in a few weeks, will get in touch.

Newbies, read this thread and then go read it again. It's gold.
  • #1,287
  • Aug 22, 2010 5:26am Aug 22, 2010 5:26am
thanks for journal, been a great read, refreshing and honest - has instilled in me the will to get on with ironing out my personal trading glitches...

Good luck, wishing you all you wish for on your trading journey. cheers
  • #1,288
  • Edited 3:12pm Aug 23, 2010 8:01am | Edited 3:12pm
Quoting The Fool
I have been to Kennewick about 4 times this summer, but every time I'm driving in around 2200 and heading back home by noon the next day.
I live across the river from Kennewick.

Great thread.

Good Luck with everything
  • #1,289
  • Sep 2, 2010 11:50am Sep 2, 2010 11:50am
http://www.bis.org/publ/rpfx10.htm
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,290
  • Oct 15, 2010 7:25pm Oct 15, 2010 7:25pm
OK, I am working on this construction job now. We're doing a lot of microtunneling to install utility conduit. The boring rigs work from pit to pit. I kept saying stuff like: "OK, let's excavate and set up at Pip No. 3." ..."Meet me at Pip No. 1." People kinda looked at me funny.

Then, somebody said something about China and I launched into a whole long spiel about China's yuan peg to the USD, the global currency wars, the Federal Reserve....I'm not sure how long I went on. People looked at me even funnier, scratching hard hats....

Then, out of the blue, somebody cut in over the radio and said, "...dude, I been beating off in the shower so long I get a hard-on every time it starts to rain." We all laffed and laffed. They still look at me funny though....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,291
  • Oct 15, 2010 7:34pm Oct 15, 2010 7:34pm
Quoting The Fool
OK, I am working on this construction job now. We're doing a lot of microtunneling to install utility conduit. The boring rigs work from pit to pit. I kept saying stuff like: "OK, let's excavate and set up at Pip No. 3." ..."Meet me at Pip No. 1." People kinda looked at me funny.

Then, somebody said something about China and I launched into a whole long spiel about China's yuan peg to the USD, the global currency wars, the Federal Reserve....I'm not sure how long I went on. People looked at me even funnier, scratching hard hats....

Then,...
I guess we are our own little club. Everything comes down to charts, pips and pairs. If ever I ran into someone talking forex lingo on a construction site I'd be speachless. Then talk his ear off.

The guys there uderstood the shower extrcuricular activities mores so then pips. Sounds familure.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,292
  • Oct 15, 2010 7:43pm Oct 15, 2010 7:43pm
Quoting Rufus
The guys there uderstood the shower extrcuricular activities mores so then pips. Sounds familure.
Yeah they're half of em functionally illiterate but pulling in 6-figure incomes risking their lives running huge machinery. They should let me have some of that 401k money to trade for them....hmmm...

How's biz with you, Rufus? Hope you're in the pips. I am holding steady with short hours til after T'giving - pretty much just the FO/LO and maybe a half hour around the NYO if there is a news play. Not sure what fate the winter holds. I keep nudging up the trade size though and I can leverage myself out of the slowdown for good. I should be at about 5-lots by the new year....

Have a good weekend. We are working straight through. Ugggh.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,293
  • Oct 15, 2010 9:58pm Oct 15, 2010 9:58pm
Quoting The Fool
Yeah they're half of em functionally illiterate but pulling in 6-figure incomes risking their lives running huge machinery. They should let me have some of that 401k money to trade for them....hmmm...

How's biz with you, Rufus? Hope you're in the pips. I am holding steady with short hours til after T'giving - pretty much just the FO/LO and maybe a half hour around the NYO if there is a news play. Not sure what fate the winter holds. I keep nudging up the trade size though and I can leverage myself out of the slowdown for good. I should be at about...

The pips are starting to come in more regularly, getting very comfortable with my trading style. As usual my bigest strugle is the ballancing act of work, sleep, and trading. Sleep of course is the one that suffers.
Thursday night at FO I could not even focus on the monitor, felt like I was going to crash my head into the space bar. Went to bed.

I have also been creeping up my equity, both with trading and where ever else I can find the cash. By Feburary or March I would like to see about half of my income come from trading.

My trading/work schedule has been mixed up at best. Sunday, Monday, Tuesday up till 2:00 am then up for work at 6:30. Back in my beer drinking days it was easy, but back then I did not have my mind so involved. There was only two things on it, beer and girls. As for Wed, Thur, nights it is hit and miss whether I have been able to catch a nap here and there to be able to function. I even tried that 5 hr energy drink...what a joke for me..Been better off with a $2.50 cup of coffee at a bikini barrista.

Oh well..I will be doing the same next week..It is nice to have the work coming in..But trading is good too.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #1,294
  • Oct 16, 2010 9:30am Oct 16, 2010 9:30am
Ah, construction. Yep.

Quoting The Fool
OK, I am working on this construction job now. We're doing a lot of microtunneling to install utility conduit. The boring rigs work from pit to pit. I kept saying stuff like: "OK, let's excavate and set up at Pip No. 3." ..."Meet me at Pip No. 1." People kinda looked at me funny.

Then, somebody said something about China and I launched into a whole long spiel about China's yuan peg to the USD, the global currency wars, the Federal Reserve....I'm not sure how long I went on. People looked at me even funnier, scratching hard hats....

Then,...
  • #1,295
  • Oct 16, 2010 9:37am Oct 16, 2010 9:37am
Quoting sam0182
Ah, construction. Yep.
Don't worry, buddy - you keep them wing-tip shoes shined. You will be out of your hard hat days sooner than I will, I expect.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,296
  • Oct 17, 2010 11:48am Oct 17, 2010 11:48am
I had 2 weeks with some trade time, bumped the account up 40% then ran out of time again and not even looked at a chart in 3 weeks


Shame it's a gold mine, but sadly 40% onto my account is nice but it's 1.5hours of work so not really worth it.

Need CASH injection
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,297
  • Oct 17, 2010 11:58am Oct 17, 2010 11:58am
wow this is a long time going thread. I read the beginning of it and was wondering how you two were doing (TurveyD and The Fool).

I know trading looks great in theoretical numbers haha, but when reality sets in it's a tad different. I switched over from stocks to forex about 6 months ago specifically for the fact that you can trade on percents because the market really has no personal trader limits.
  • #1,298
  • Oct 17, 2010 12:48pm Oct 17, 2010 12:48pm
Quoting DKallDAY
wow this is a long time going thread. I read the beginning of it and was wondering how you two were doing (TurveyD and The Fool).

I know trading looks great in theoretical numbers haha, but when reality sets in it's a tad different. I switched over from stocks to forex about 6 months ago specifically for the fact that you can trade on percents because the market really has no personal trader limits.
Agreed! That's what I love about forex, a pre-defined amount of money I'm willing to risk. No surprises that way. I used to trade options a lot but just like stocks, too easily manipulated.
  • #1,299
  • Oct 17, 2010 12:50pm Oct 17, 2010 12:50pm
Quoting The Fool
Don't worry, buddy - you keep them wing-tip shoes shined. You will be out of your hard hat days sooner than I will, I expect.
Hey Dude, how far are you from trading fulltime? I like the fact that you're not letting setbacks deter you from your goal. Forget the negativity. You can get there.
  • #1,300
  • Oct 17, 2010 2:02pm Oct 17, 2010 2:02pm
Quoting jdcompute
Agreed! That's what I love about forex, a pre-defined amount of money I'm willing to risk. No surprises that way. I used to trade options a lot but just like stocks, too easily manipulated.
Eh stop losses are stop losses, but the indicators in the stock market get messed up every time the market opens and closes, and there's also a lot more market manipulation by big firms.

Stocks were frustrating because to trade a larger amount of money, you have to change your timeframe and trading style. The same trades don't apply because the liquidity of the market isn't high enough.

Right now I'm still trading with set lot amounts and therefore practically a salary of gains. I'm trying to get into trading on percents so the gains become exponential such as these guys were mentioning.=)
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