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  • #570,521
  • Dec 6, 2011 10:19am Dec 6, 2011 10:19am
Quoting Yuchen
Yeah, i have high risk aversion and trade very carefully now. I started with 2000 dollars in July and traded 0.01-0.02 lots most time. I have 2665 dollars now so I will start trading 0.025 lots now until it reach to 3000, but if it drops back to lower than 2400 then i will trade 0.02 lots again...

I dont know why they call people muppets or why some other traders think people who trade 0.01 lots are bad traders. I will keep trading my safe money and risk styles and see what happend after 20 years.
I think that's an excellent strategy and very similar to my own.

Good trading to you.
  • #570,522
  • Dec 6, 2011 10:24am Dec 6, 2011 10:24am
Quoting Yuchen
Yeah, i have high risk aversion and trade very carefully now. I started with 2000 dollars in July and traded 0.01-0.02 lots most time. I have 2665 dollars now so I will start trading 0.025 lots now until it reach to 3000, but if it drops back to lower than 2400 then i will trade 0.02 lots again.

I will keep trading my safe money and risk styles and see what happend after 20 years.
Itīs all about consistency. Keep this pace and after 20 years youīll have approx. $72M
Quant Hedge Fund CEO
  • #570,523
  • Dec 6, 2011 10:28am Dec 6, 2011 10:28am
Quoting Geppy
Are you kidding? You can't buy that kind of entertainment! Lucky for me, you pay for it all... I just consume it.

Something tells me though your account isn't much more than a couple hundred dollars at best. I try not to think about that though, it ruins some of the enjoyment for me.
I think if he aimed a super-long term trade for USD/JPY (5-10 years), if he longed at 77.XX with small capital, it should be fine..
I will use 1% of my account to long USD/JPY once we can get a positive rollover (probably by that time USD/JPY already break 80.40 or even 85).
  • #570,524
  • Dec 6, 2011 10:30am Dec 6, 2011 10:30am
Quoting Yuchen
I think if he aimed a super-long term trade for USD/JPY (5-10 years), if he longed at 77.XX with small capital, it should be fine..
I will use 1% of my account to long USD/JPY once we can get a positive rollover (probably by that time USD/JPY already break 80.40 or even 85).
Have you looked at his trade history? The dude is severely over-leveraged on every trade. He's risking a little over 1% per PIP on just about every trade.

I wasn't commenting on whether or not the trade was a good or bad idea... just the fact that he probably took a loser cause it moved more than 10 pips against him lol.
check out my blog: forexmademillionaire dot com
  • #570,525
  • Dec 6, 2011 10:33am Dec 6, 2011 10:33am
Quoting Geppy
Have you looked at his trade history? The dude is severely over-leveraged on every trade. He's risking a little over 1% per PIP on just about every trade.

I wasn't commenting on whether or not the trade was a good or bad idea... just the fact that he probably took a loser cause it moved more than 10 pips against him lol.
how can you look other member's trade history?
  • #570,526
  • Dec 6, 2011 10:39am Dec 6, 2011 10:39am
Tax Cheat Tiny tim gueitiner does not have a set of BALLS!!!
  • #570,527
  • Dec 6, 2011 10:41am Dec 6, 2011 10:41am
http://www.bbc.co.uk/news/science-environment-16040655

At least this explains where some of these mupepts come from, the gravity must be all screwed up over there and they see everything upside down, hence their lack of success in trading. They can't help themselves, it is genetic.
  • #570,528
  • Dec 6, 2011 10:44am Dec 6, 2011 10:44am
after the USDCAD gets its charts in line with my short, then we will see my gift rapped short on EURUSD, untill then just scraps GOOD DAY Trumpet sounded
  • #570,529
  • Dec 6, 2011 10:49am Dec 6, 2011 10:49am
That'll do for me. seen the European close and had some entertainment to boot, what else could a trader ask for in life nowadays.





l8r kids, keep providing that liquidity.
  • #570,530
  • Dec 6, 2011 10:50am Dec 6, 2011 10:50am
Well, cable's taken a good pasting this afternoon. C'mon Euro, follow your sister. You know you want to.
  • #570,531
  • Dec 6, 2011 10:59am Dec 6, 2011 10:59am
Hi Magix,

I can see you down there. Have you been on vacation or just tired with this thread?

T
"I know one thing, that I know nothing." Sokrates
  • #570,532
  • Dec 6, 2011 11:00am Dec 6, 2011 11:00am
Was hanging around a bit to see if this ESM brief would give us decent fundie boost, but no, hardly any traders left on their desks this time of night.



Now I am outta here.
  • #570,533
  • Dec 6, 2011 11:00am Dec 6, 2011 11:00am
Quoting cloggie
You missed an "i" there, and they really are two words.


See, I am helping.
I tell them all my signature isnīt neither made up nor exaggeration.

They didnīt believe.
Quant Hedge Fund CEO
  • #570,534
  • Dec 6, 2011 11:01am Dec 6, 2011 11:01am
Quoting cloggie
95% of people in Dubai make less then 100 dollars a month, so based on his ability, I would say he more then likely fits into that category.

BTW he has been trading for 3 years.


You would think that after blowing up 5 accounts he would have figured that trading is not for him, but no:
omg... that's so low... even lower than China.. (but i assume they have free food, education, health care, etc). Where did you get that statistics?? Still unbelivable... i helped 3 students from Dubai to finish their very simple first year micro-economics assignment, i was thinking to charge them 20 dollars per hour (i am sure it will maximumly take 2 hours to finish it), but they gave me 100 dollars and asked me just write the assignment for them, so i was so surprised...

for incredible, that's really incredible, but if looked careful to his money management, it makes sense because he had a trade that gave him 226% return with 115 pips (so on the other hand, if he was losing 50 pips, he would blow his account, he may not always leverage that high, but i believe he leveaged farily high and over-trade a lot, it is normal for people have 35 times with 50-100 pips floating loss in the last 3 years, therefore with his money management, he would blow his account)
  • #570,535
  • Dec 6, 2011 11:03am Dec 6, 2011 11:03am
Quoting cloggie
Was hanging around a bit to see if this ESM brief would give us decent fundie boost, but no, hardly any traders left on their desks this time of night.



Now I am outta here.
Nah, not really, I just used it to scalp a few easy ones.

Btw you didnīt miss my skiing resort recommendation post, did you?
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Quant Hedge Fund CEO
  • #570,536
  • Dec 6, 2011 11:05am Dec 6, 2011 11:05am
Quoting FXMastermind
Nah, not really, I just used it to scalp a few easy ones.

Btw you didnīt miss my skiing resort recommendation post, did you?
covered for 15 and I am outta here, cheers folks.
Quant Hedge Fund CEO
  • #570,537
  • Dec 6, 2011 11:06am Dec 6, 2011 11:06am
Quoting Tom_D_Trader
Hi Magix,

I can see you down there. Have you been on vacation or just tired with this thread?

T
I haven't been well, been sick for just over a year and have had to limit my screen time, both trading and forum related. Not much loss, typically I have never much fancied Christmas Season trading, but will be looking forward to another Happy New Year!


If I miss ya in the rest of the days leading up to it...

Best of the Festive Season to ya Tom, and well, to the rest of you pouch licks too....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #570,538
  • Dec 6, 2011 11:08am Dec 6, 2011 11:08am
Quoting FXMastermind
Nah, not really, I just used it to scalp a few easy ones.

Btw you didnīt miss my skiing resort recommendation post, did you?

Seen that, I have a place I go to all the time for logistics reasons and they still have no snow to speak of, so gotta hang tight for another week or so.

That's the only reason I am posting here really.
  • #570,539
  • Dec 6, 2011 11:11am Dec 6, 2011 11:11am
Quoting Geppy
eeeeeeek
Geppy my friend, you should have a little more confidence when I call a trade in EG. I live and breathe this pair and of course it showed.
40 pips up with 2 full standard lots and closed.

Oh and I am short now from 0.86
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,540
  • Dec 6, 2011 11:13am Dec 6, 2011 11:13am
Quoting Magix
I haven't been well, been sick for just over a year and have had to limit my screen time, both trading and forum related.
Douse everything in fresh garlic and heaps of cayenne, you'll be right as rain by new year. Do it, and have a merry Christmas while you're at it too!
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