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14 Year Old Forex Trader's Lessons

  • #2,381
  • Oct 12, 2011 10:15pm Oct 12, 2011 10:15pm
Quoting mla
So I was right then the difference is $50000.

Is point is irrelevant to the discussion, his point is only relevant to his showing off and to his ego.

mla
if you want to get all cut up about being wrong, then go for it. keep going around in circles trying to figure out flawed math. be my guest
Congratulations ScalaFX for coming out of the closet!
  • #2,382
  • Oct 12, 2011 10:16pm Oct 12, 2011 10:16pm
Quoting mla
So I was right then the difference is $50000.

Is point is irrelevant to the discussion, his point is only relevant to his showing off and to his ego.

mla
ok im confused what?

whos showing off?
Have I got something on my face, SOLDIER?
  • #2,383
  • Oct 12, 2011 10:17pm Oct 12, 2011 10:17pm
Quoting nubcake
if you want to get all cut up about being wrong, then go for it. keep going around in circles trying to figure out flawed math. be my guest
... Off the topic. If you are that intelligent.. You would have noticed that saying something like that is not productive.

Red lion's words were the wisest... SL moved to BE, let's focus on trading.
  • #2,384
  • Oct 12, 2011 10:17pm Oct 12, 2011 10:17pm
this is some irrelevant spread discussion

yes mathematically it is irrelevant, but higher spread is higher cost

yes both netted 5000 however taxes will be paid as well.
AVT INVENIAM VIAM AVT FACIAM
  • #2,385
  • Oct 12, 2011 10:20pm Oct 12, 2011 10:20pm
meh.

you guys just can't see it. yes 5000 pips is 5000 pips. that's the only thing that is equal in the original question.

bye kids.
Congratulations ScalaFX for coming out of the closet!
  • #2,386
  • Oct 12, 2011 10:20pm Oct 12, 2011 10:20pm
Quoting nubcake
if you want to get all cut up about being wrong, then go for it. keep going around in circles trying to figure out flawed math. be my guest
lets keep it nice nubcake
i try to keep it positive here in my thread.

or ill call my lion....
make u jump of the cliff again...
http://www.conservatismlives.com/wp-..._off_cliff.jpg

lol, there can be arguments but healthy ones.

no swearing in arguing, no insults, and uhm yeah.

mla, same here, as long as there are no insults and its healthy arguing its okay.

Have I got something on my face, SOLDIER?
  • #2,387
  • Oct 12, 2011 10:21pm Oct 12, 2011 10:21pm
Quoting Pbh
now I think about it, if you both made 5 thousands pips of profit. There's no difference at all. The spread is paid behind the profits... But having a lower spread is much better.

Pbh
So what you saying is this: if you broker charges you 10 pips spread and mine charges me 1 pip spread and we both make 5000 pips each, we make the same amount of money. Mah, I think I heard a lot of crap for one today, I am taking a break.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,388
  • Oct 12, 2011 10:22pm Oct 12, 2011 10:22pm
Quoting nubcake
meh.

you guys just can't see it. yes 5000 pips is 5000 pips. that's the only thing that is equal in the original question.

bye kids.
lol, only me and pedro are kids, rest are adults.
Have I got something on my face, SOLDIER?
  • #2,389
  • Oct 12, 2011 10:26pm Oct 12, 2011 10:26pm
Quoting bumapatria
lol, only me and pedro are kids, rest are adults.
nubcake, yoou cutiee ... you just made us recall that we are starting at the right side, this young those are the kind of comments we all want to see.

Eurusd, I think price is holding. A sell would be wise

Pbh
  • #2,390
  • Oct 12, 2011 10:28pm Oct 12, 2011 10:28pm
Quoting nubcake
meh.

you guys just can't see it. yes 5000 pips is 5000 pips. that's the only thing that is equal in the original question.

bye kids.
Bye Big man, thanks for spitting on us. Big head, little testicles.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,391
  • Oct 12, 2011 10:30pm Oct 12, 2011 10:30pm
boom keche koo wow.

all i needed was a little setting in place by our good friend red here, to good fatherland (lol, inside joke me and red

and mla as well put me in knowledge with whats going on in fore

thanx dudes i hope this is the 2nd roll i go profit bound for about today and tommorow at least.
Attached Image
Have I got something on my face, SOLDIER?
  • #2,392
  • Oct 12, 2011 10:31pm Oct 12, 2011 10:31pm
not too wise, but if quickly implemented it could work

re entered short 3785 , however possibility of upside breakthrough is great,

price flooring strongly at 3770 no downside pressure by asia, so a possible bullsh formation can be in play. look for a break on 3790, not a spike but a real break. then bail if short
AVT INVENIAM VIAM AVT FACIAM
  • #2,393
  • Oct 12, 2011 10:31pm Oct 12, 2011 10:31pm
Quoting nubcake
if you want to get all cut up about being wrong, then go for it. keep going around in circles trying to figure out flawed math. be my guest
Math is not an opinion. Looser.

Instead on vomiting crap, why you do not show us you trades. Then you are welcome. If not go back were you coming from.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,394
  • Oct 12, 2011 10:31pm Oct 12, 2011 10:31pm
Quoting mla
By Big man, thanks for spitting on us. Big head, little testicles.

mla
He has testicles?!

No....

lol mla, at least for now he is gne, but i dont really like insulting others.

ill let u off, because i know how you hate people hating others.

Have I got something on my face, SOLDIER?
  • #2,395
  • Oct 12, 2011 10:36pm Oct 12, 2011 10:36pm
Attached Image (click to enlarge)
Click to Enlarge Name: short.png Size: 47 KB



initial scout in, no big attack till comfirmed
AVT INVENIAM VIAM AVT FACIAM
  • #2,396
  • Oct 12, 2011 10:37pm Oct 12, 2011 10:37pm
Quoting mla
Math is not an opinion. Looser.

Instead on vomiting crap, why you do not show us you trades. Then you are welcome. If not go back were you coming from.

mla
no one messes with mla, really..

its like standing up straight and mla is a blue whale who can stand up straight on LAND, and can really squish people he dont like lol.

well dude i told the other dude to not do that... so yeah.
cause and effect lol.
Attached Image (click to enlarge)
Click to Enlarge Name: mla.png Size: 29 KB
Have I got something on my face, SOLDIER?
  • #2,397
  • Oct 12, 2011 10:38pm Oct 12, 2011 10:38pm
Quoting the redlion
Attachment


initial scout in, no big attack till comfirmed

how do you use a scout red?
isnt it sorta risky if ur scout is dead? how does one put it to full potential use?
Have I got something on my face, SOLDIER?
  • #2,398
  • Oct 12, 2011 10:41pm Oct 12, 2011 10:41pm
Quoting bumapatria
He has testicles?!

No....

lol mla, at least for now he is gne, but i dont really like insulting others.

ill let u off, because i know how you hate people hating others.

I just cannot stand people like that, they come in with such an arrogance that makes me feel sick, f... them, mother f......

If I had him in front of me, I would probably hit him, mother f....

mla
"The Heart is the hub of all dances; go there and chill out"
  • #2,399
  • Oct 12, 2011 10:42pm Oct 12, 2011 10:42pm
Quoting mla
I just cannot stand people like that, they come in with such an arrogance that makes me feel sick, f... them, mother f......

If I had him in front of me, I would probably hit him, mother f....

mla
i got you bud, dont worry

hence the whale
Have I got something on my face, SOLDIER?
  • #2,400
  • Oct 12, 2011 10:43pm Oct 12, 2011 10:43pm
Quoting mla
Math is not an opinion. Looser.

Instead on vomiting crap, why you do not show us you trades. Then you are welcome. If not go back were you coming from.

mla
oh mla, i like your fire!

Quoting mla
mine at the moment is 1.2, during the London Time is about 0.8. Now you do math.
Let say mine is 1.

If we make 5000 pips each in a year, trading standard lots. what will be the difference in money between 1 and 2 pips?

wait for your calc.

mla
the answer is that 5000 pips is 5000 pips and trading standard lots the entire time the resulting profit in money terms will be the exact same....

that's like asking if 1 = 1, what is 1?

but your question was not about profit. your question was "what will be the difference in money between 1 and 2 pips". we just covered that profits will obviously be the same, but everything else will not be.

the spread doesn't even matter (edit : i mean "isn't the whole story". spread matters) for the other aspects of "money" involved because even if 2 different traders had the exact same spread it could take trader A 1 trade to reach 5000 pips on 1 lot, yet take trader 2 (with the same spread as trader 1, remember) 100 trades or 1000 trades or a million trades to reach 5000 pips.

so.... what is the difference in money (not just profits)? well, how about you keep in consideration that the amount of trades is a factor that determines all costs involved with trading. 5000 pips is 5000 pips, but that's the only constant. all other aspects are variable until you make further definitions. the funds lost just on losing the spread each trade will differ depending on the spread, and depending on how many trades.

if you want to have a whine because your question was not well-formed, if not pointless, then so be it.
Congratulations ScalaFX for coming out of the closet!
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