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  • #332,281
  • Nov 24, 2010 12:26pm Nov 24, 2010 12:26pm
Quoting gatorinla
Naipaul?

in LA ?

R & S , That Is All !...
  • #332,282
  • Nov 24, 2010 12:27pm Nov 24, 2010 12:27pm
Quoting gatorinla
3304 are looks probable soon
certainly feels like a test of .33 is in the works.

stan
  • #332,283
  • Nov 24, 2010 12:29pm Nov 24, 2010 12:29pm
Quoting druckenmillr
when i'm down 40 pips i'm out... i was wrong.

on my equity curve the draw down occurred because i had too many lots on the table... over leveraged... i still closed down those trades at 50.

that's my nemesis... patience. i want to be constantly in the game... that's counter to successful day trading.

stan

How many accounts have you blown if you have blown any and what size?

I blew one account, Working on 2nd now (this time not blowing it up though. Learned my lesson)

How long till you found success?
Know when to hold em, Know when to fold em!
  • #332,284
  • Nov 24, 2010 12:29pm Nov 24, 2010 12:29pm
Quoting druckenmillr
finding a mechanical system that fits your personality.

look at the successful traders here... different styles, timeframes, pairs, sessions... but there are some common rules.

leverage... stops... profit targets.. etc.

additionally... it takes time... so many here want to earn what a surgeon makes and yet they want to put in the time it takes to become a ditch digger.

what's your "trading personality" type?

are you a day trader?

stan
I am a day trader, i do not put stoploss ever! I wish to know what is this 14 stand for in sma 14?/ is it 14 days moving average? if so on what timeframe it suits best??
Thanks
  • #332,285
  • Nov 24, 2010 12:35pm Nov 24, 2010 12:35pm
Quoting goods
How many accounts have you blown if you have blown any and what size?

I blew one account, Working on 2nd now (this time not blowing it up though. Learned my lesson)

How long till you found success?
forex, equity or other?

about a decade worth of trading... probably blew up 5 accounts... that's a guess... i don't think the total was more than 50k or 60k

i made money during the internet equity bubble then gave it all back.

forex now for about 6 years... winning for the last 4.

i was way too arrogant and didn't want to follow the "rules".

when that happens... just a matter of time... doesn't matter how good you are... there are rules and you must abide by them if you want to survive this game.
  • #332,286
  • Nov 24, 2010 12:36pm Nov 24, 2010 12:36pm
Best advice ever in terms of stop losses.

Put the stop loss at a point where if it reaches it, you were WRONG in your trade. Not where you have exercised your maximum loss on any one trade, which is what so many people do for some very strange, odd reason.
  • #332,287
  • Nov 24, 2010 12:37pm Nov 24, 2010 12:37pm
Quoting cloggie
You posted a general question whether to close your longs, we are now 55 pips from the top here. That is a lot of dosh to leave on the table.

Here are my earlier posts:
Still Long
  • #332,288
  • Nov 24, 2010 12:38pm Nov 24, 2010 12:38pm
Quoting behman8850
I am a day trader, i do not put stoploss ever! I wish to know what is this 14 stand for in sma 14?/ is it 14 days moving average? if so on what timeframe it suits best??
Thanks
not following you.

did i mention the number 14?

if you don't use stops then your broker will.

i trade off a 15 minute chart.

stan
  • #332,289
  • Nov 24, 2010 12:39pm Nov 24, 2010 12:39pm
Quoting druckenmillr
forex, equity or other?

about a decade worth of trading... probably blew up 5 accounts... that's a guess... i don't think the total was more than 50k or 60k

i made money during the internet equity bubble then gave it all back.

forex now for about 6 years... winning for the last 4.

i was way too arrogant and didn't want to follow the "rules".

when that happens... just a matter of time... doesn't matter how good you are... there are rules and you must abide by them if you want to survive this game.
Well started forex this year March I think so I had some trading background via equities but realized this was a whole new ballgame.

I love a challenge so I have a passion for this. I will be trading indices. And yes I am done breaking the rules.
Know when to hold em, Know when to fold em!
  • #332,290
  • Nov 24, 2010 12:40pm Nov 24, 2010 12:40pm
Re. Stoodents vs. Old Bill... Good to see the youngsters standing up for their democratic right to protest - power to the people...
  • #332,291
  • Nov 24, 2010 12:42pm Nov 24, 2010 12:42pm
hi guys.
  • #332,292
  • Nov 24, 2010 12:42pm Nov 24, 2010 12:42pm
Quoting goods
Well started forex this year March I think so I had some trading background via equities but realized this was a whole new ballgame.

I love a challenge so I have a passion for this. I will be trading indices. And yes I am done breaking the rules.
Same here... I normally swing trade / 1m scalp ETF's over in the equities world, and boy oh boy was the transition to forex anything but smooth.

The fun part is, that my tiny adjustments in forex have made slight winning percentage increases over in my scalping. Who woulda thunk it.

Eventually, if I ever get this forex stuff squared away, i will be looking to run the 4h charts in forex and scalp in equities. Should be a nice balance for me.
  • #332,293
  • Nov 24, 2010 12:43pm Nov 24, 2010 12:43pm
Quoting Mr Hatch
hi guys.
did you trade today?

stan
  • #332,294
  • Nov 24, 2010 12:43pm Nov 24, 2010 12:43pm
Quoting druckenmillr
not following you.

did i mention the number 14?

if you don't use stops then your broker will.

i trade off a 15 minute chart.

stan
In simple English I have a SMA 14. Where should i put it, on what time frame chart!!! 15 minutes??
  • #332,295
  • Nov 24, 2010 12:46pm Nov 24, 2010 12:46pm
Quoting goods
How many accounts have you blown if you have blown any and what size?

I blew one account, Working on 2nd now (this time not blowing it up though. Learned my lesson)

How long till you found success?
Same question i was looking to an answer on it when i start trade
i didn't below my first live account till now and i didn't start with demo but i started with live and guess what i loss 75% of it in first 2 year then i stopped and told my self wait i have no other choice but must success since then i take back what i lost and got nice ++ all the last 14 months
any way
success in my view
50% your system (Do u have stable system or still test some indicators)??
50% Psychology (Grown up trader that u will get by time)

Hope that help
  • #332,296
  • Nov 24, 2010 12:48pm Nov 24, 2010 12:48pm
@egkid

you must have started with a large acc....since it took 2y to lose 75% of it

am i wrong ?
  • #332,297
  • Nov 24, 2010 12:49pm Nov 24, 2010 12:49pm
Quoting behman8850
In simple English I have a SMA 14. Where should i put it, on what time frame chart!!! 15 minutes??
sorry man.

i have no clue.

i've never used a 14 SMA do i really don't know what the best use for it would be.

might i suggest a mechanical approach?

stan
  • #332,298
  • Nov 24, 2010 12:49pm Nov 24, 2010 12:49pm
Quoting gatorinla
#331425
yup, i watch usdchf closely too but i can only see range trading and unsuccessful attempt to break above parity... mixed data on US and EZ problems.. and i should be careful if SNB intervene this pair. i love to trade on differential crosses. many thanks
  • #332,299
  • Nov 24, 2010 12:50pm Nov 24, 2010 12:50pm
Quoting druckenmillr
did you trade today?

stan
hi stan,

yes, like hell. shorted in asia at 3420 after a bit of tiny-scalping. shorted on the way up in london at 3340, 3380 and 3420 again, and i still have yesterday's position open (the rest of it).
  • #332,300
  • Nov 24, 2010 12:50pm Nov 24, 2010 12:50pm
Quoting bradu
@egkid

you must have started with a large acc....since it took 2y to lose 75% of it

am i wrong ?

It's always about the money isn't it?
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