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  • #576,041
  • Dec 17, 2011 12:03am Dec 17, 2011 12:03am
Quoting pkimnyc
Are you sure?

Well who knows about you... probably on the forbes list or something lol... just talking about general traders like us
  • #576,042
  • Dec 17, 2011 12:04am Dec 17, 2011 12:04am
Quoting the redlion
from my personal experience that sounds about accurate, other traders here might have different stories to tell
Don't the top funds in US make max 20 percent per year and call that a wild success? Talking about year over year consistency, exception 2007 and 2008.

Not sure I heard of one doing 10% a month?
  • #576,043
  • Dec 17, 2011 12:06am Dec 17, 2011 12:06am
Quoting the redlion
if are good enough and you been consistent enough and they trust you with the max trading lines you are looking at

105k profit after you meet their 2-3%, their premise is that their clients expect bigger returns since it's implied that the risk is bigger 2-3% would be satisfactory but you wont make shit from it. so 10% if you can achieve it, monthly you are making 105k risk free, i hardly call that a rip off
you mean 2-3% a month? I think that is high, that means you earn 30%-40% a year, it is very very good for a large money account.
  • #576,044
  • Dec 17, 2011 12:07am Dec 17, 2011 12:07am
Quoting sidhujag
Don't the top funds in US make max 20 percent per year and call that a wild success? Talking about year over year consistency, exception 2007 and 2008.

Not sure I heard of one doing 10% a month?

exactly why i did not take the job lol

i work in the medical field and i see patients day and night sometimes, i have to be in the office every once in a while.... so it was way too much pressure.

i rather trade my own account..............honestly i myself have targets of 3% a month, so i would be incredible pressure, and the numbers would be a lot larger than what i am used to.

so i decided to trade my account and grow that.
AVT INVENIAM VIAM AVT FACIAM
  • #576,045
  • Dec 17, 2011 12:10am Dec 17, 2011 12:10am
Quoting the redlion
exactly why i did not take the job lol

i work in the medical field and i see patients day and night sometimes, i have to be in the office every once in a while.... so it was way too much pressure.

i rather trade my own account..............honestly i myself have targets of 3% a month, so i would be incredible pressure, and the numbers would be a lot larger than what i am used to.

so i decided to trade my account and grow that.

Yea I would imagine trading your own hard earned money would bring about additional satisfaction on success. Although more headache on losses you will appreciate your work more and overall be a happier person (personal belief)... You also have your day job in case things go downhill (regulatory changes force you to change the way you trade or something)
  • #576,046
  • Dec 17, 2011 12:10am Dec 17, 2011 12:10am
i would have had to devote myself entirely to trading as i would not feel comfortable leaving positions unattended when i get a call from a hospital that requires me to see a patient in the middle of my trading night, i get interrupted by facilities, board and care, hospitals on my on call nights.

i would have died
AVT INVENIAM VIAM AVT FACIAM
  • #576,047
  • Dec 17, 2011 12:13am Dec 17, 2011 12:13am
Quoting the redlion
i would have had to devote myself entirely to trading as i would not feel comfortable leaving positions unattended when i get a call from a hospital that requires me to see a patient in the middle of my trading night, i get interrupted by facilities, board and care, hospitals on my on call nights.

i would have died
That sucks....
  • #576,048
  • Dec 17, 2011 12:13am Dec 17, 2011 12:13am
btw are you guys setting up R:R long trades on EC upcoming week or waiting until it drops a bit?
  • #576,049
  • Dec 17, 2011 12:16am Dec 17, 2011 12:16am
Quoting sidhujag
btw are you guys setting up R:R long trades on EC upcoming week or waiting until it drops a bit?
Done for the year here. Not looking at anything til Jan next year.
  • #576,050
  • Dec 17, 2011 12:17am Dec 17, 2011 12:17am
Quoting sidhujag
btw are you guys setting up R:R long trades on EC upcoming week or waiting until it drops a bit?
i dont know because i cannot predict the future

i have been profiting from long positions so far, but i am not sure how much fuel this move has so i'll trade it as i see it
AVT INVENIAM VIAM AVT FACIAM
  • #576,051
  • Dec 17, 2011 12:19am Dec 17, 2011 12:19am
Quoting the redlion
i dont know because i cannot predict the future

i have been profiting from long positions so far, but i am not sure how much fuel this move has so i'll trade it as i see it
You don't see SNB stepping in any time soon?

When I look at the graph the large volume dump usually precedes SNB, or it fuels the start of a fresh new wave of down trend action, so looks like the later to me because of new lows tday, guess we'll wait and see. I may use some supports to set something up as it comes down...
  • #576,052
  • Dec 17, 2011 12:21am Dec 17, 2011 12:21am
Quoting sidhujag
You don't see SNB stepping in any time soon?
Would you take the trade solely based on that expectation?
  • #576,053
  • Dec 17, 2011 12:26am Dec 17, 2011 12:26am
why would SNB want to devalue the EURO if anything they would like to prop it up, a devalued Euro means CHF takes bullish pressure, and exports fall, the reason for the floor as i understand it was the overvaluation of the CHF.

bringing the EURO down doesnt sound like a good idea neither for the BOJ the FED nor the SNB
AVT INVENIAM VIAM AVT FACIAM
  • #576,054
  • Dec 17, 2011 12:29am Dec 17, 2011 12:29am
Quoting the redlion
why would SNB want to devalue the EURO if anything they would like to prop it up, a devalued Euro means CHF takes bullish pressure, and exports fall, the reason for the floor as i understand it was the overvaluation of the CHF.

bringing the EURO down doesnt sound like a good idea neither for the BOJ the FED nor the SNB

Yes yes, sorry if I wasn't clear but I understand CHF is kind of a safe haven. I'm not placing EC shorts, but longs near support (for better R:R). I meant to say that SNB would step in to devalue CHF. Thought I made that clear lol maybe not.
  • #576,055
  • Dec 17, 2011 12:31am Dec 17, 2011 12:31am
you might be right, i however do not know the reliability of the rumors i mean they have to be careful with that policy, they need to sterilize and be aware of inflationary pressures, you cannot take interventions lightly.

that is a lot of money they are throwing against the market, like the BOJ
AVT INVENIAM VIAM AVT FACIAM
  • #576,056
  • Dec 17, 2011 12:33am Dec 17, 2011 12:33am
Quoting pkimnyc
Would you take the trade solely based on that expectation?
NoI actually don't trade it much, but you gotta hand it to the swiss for how they handled it. There truely is a form of art/science called "market intervention" that they perfected here lol, BOJ obviously has different tactics and it shows on the chart.

But I think even with the manipulation the trend shows bull now on daily so why not set something on on supports as we generally are counter traders aren't we? Counter to the immediate trend which is bearish ofcourse on smaller timeframes.
  • #576,057
  • Dec 17, 2011 12:36am Dec 17, 2011 12:36am
Quoting the redlion
you might be right, i however do not know the reliability of the rumors i mean they have to be careful with that policy, they need to sterilize and be aware of inflationary pressures, you cannot take interventions lightly.

that is a lot of money they are throwing against the market, like the BOJ
I actually think we're on the way to 88 on UJ... big players aren't bullish the JPY so much anymore, I guess after the earthquake the picture changed a bit. Also the tech that they invented maybe is shifting towards China and maybe the states since they understand now that you can't survive forever being an import/consumption based country.
  • #576,058
  • Dec 17, 2011 12:38am Dec 17, 2011 12:38am
Quoting sidhujag
NoI actually don't trade it much, but you gotta hand it to the swiss for how they handled it. There truely is a form of art/science called "market intervention" that they perfected here lol, BOJ obviously has different tactics and it shows on the chart.

But I think even with the manipulation the trend shows bull now on daily so why not set something on on supports as we generally are counter traders aren't we? Counter to the immediate trend which is bearish ofcourse on smaller timeframes.
I don't know about that...
  • #576,059
  • Dec 17, 2011 12:41am Dec 17, 2011 12:41am
Quoting pkimnyc
I don't know about that...
cmon are you kidding me? It's in our gene's as a retailer! HAHAH well I do visit the useless thread you guys got going on there and most of you are usually trying to pick bottom/tops on reactions based on either G's numbers or some fibs/confluence/trendlines against the immediate trend for resumption of the bigger trend.

In general the hopium of trying to get a 20:1 reward:risk trade trumps a 1:1 trade with higher chance of success everytime. Hard to let go of that, and maybe is something needed to overcome on a regular basis to get over the hump.
  • #576,060
  • Dec 17, 2011 12:44am Dec 17, 2011 12:44am
Quoting sidhujag
cmon are you kidding me? It's in our gene's as a retailer! HAHAH well I do visit the useless thread you guys got going on there and most of you are usually trying to pick bottom/tops on reactions based on either G's numbers or some fibs/confluence/trendlines against the immediate trend for resumption of the bigger trend.

In general the hopium of trying to get a 20:1 reward:risk trade trumps a 1:1 trade with higher chance of success everytime. Hard to let go of that, and maybe is something needed to overcome on a regular basis to get over the...
That's them trading. Some of us has nothing to do with what they do. 20:1 sometimes, depending on the Target that's given the market condition.
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