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14 Year Old Forex Trader's Lessons

  • #5,321
  • Dec 30, 2011 10:15am Dec 30, 2011 10:15am
Quoting bumapatria
no harm taken

i got risk management mentoring from the best. Trading with minimalized risk, and maximized profit potential. Getting out of a rut with many strategies, looking for opps in other pairs/insrtuments, averaging in on retracement (if i am wrong) proper lot siizng. failures are minimized. i have a 1% target daily, i think i made around 11% today MUST STOP. twas the GU trade that made that. 3 longs each was 3% profit each. yes, its a lot, but i dont leverage a lot MAx is 1:10 if i see the best setups like that one just now.

there...
Hi Buma, teach us step by step how to analyze like you
  • #5,322
  • Dec 30, 2011 10:47am Dec 30, 2011 10:47am
Quoting bumapatria
niec analysis appreciate it being posted here

its okay better missed than loss i would say.

(unlikey when i saw my setup )

take care islander happy new year all the best for the comin year
A Happy and Prosperous 2012 to you too - and I look forward to exploring some ideas on market timing with you ......now its party time
Trading Levels with WRBs
  • #5,323
  • Dec 30, 2011 11:33am Dec 30, 2011 11:33am
Quoting richmux
Hi Buma, teach us step by step how to analyze like you
that would take months... and months.

u do realize im a beginner? JR97 Orionsway, ILP are the gann pros.

but ill see what i can do to help

i can help with the square... my way of doing cycles... lunar cycles and planets (im not pro with this, contact ILP / ilovepippin) but this shite is not easy. it takes time when dealing with time. dotn expect results to happen in a second
Have I got something on my face, SOLDIER?
  • #5,324
  • Dec 30, 2011 1:33pm Dec 30, 2011 1:33pm
SHITE it did reach on chf jpy?

might carry a long



damn yeah..
risk is really low.
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Have I got something on my face, SOLDIER?
  • #5,325
  • Dec 30, 2011 5:39pm Dec 30, 2011 5:39pm
great call my friend on cable,i closed out ,goodfortune for the new year
  • #5,326
  • Dec 30, 2011 8:49pm Dec 30, 2011 8:49pm
Hi Taigen,

Great goal!

This is the last day of 2011 today. And I can see on forexfactory's leaderboard, the highest yearly return is 139.1%. Now, your goal is 5000%. You will very likely be the top by the end of 2012. I look forward to seeing your trade explorer performance!

Best wishes,

kk007


Quoting Taigen
Why should I have vouchers? All I have are my words. First off, I'm not sure what vouchers are anyway. This January, it is my intention to set up a 2k account on Trade Explorer. Then anyone can see my successes and failures. My goal is to break 100k within the year. We'll see what happens.

I certainly do not mean to be harsh. It would be interesting to see your outcomes based on your strategies whether they are working or working well or are they achieving what is expected. Are your failures minimized? What have you learned on a particular...
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  • #5,327
  • Dec 31, 2011 3:39am Dec 31, 2011 3:39am
hey little buddy, i showed you everything i know regarding analysis of price, and factors to take into account.

i think you are confusing my latest rants lol


one day you will figure out that, no matter how good you are at reading the charts, there is the other 50% that is missing from your edge, and that is the, methodical, strategic risk management.

just as good as much time as you took learning to read price, is equally important to learn to analyse risk.

all those probabilities and calculations, are not meant to be indicators for opening positions, it is my Money management strategy based on mathematics, and Risk assessment.

why so complicated? because being the ONLY thing i can control in the markets, i can do it as precise as i want, founded upon objective historical statistical data.
AVT INVENIAM VIAM AVT FACIAM
  • #5,328
  • Dec 31, 2011 9:29am Dec 31, 2011 9:29am
SELAMAT TAHUN BARU...wellcome 2012
  • #5,329
  • Dec 31, 2011 10:07am Dec 31, 2011 10:07am
Quoting the redlion
hey little buddy, i showed you everything i know regarding analysis of price, and factors to take into account.

i think you are confusing my latest rants lol


one day you will figure out that, no matter how good you are at reading the charts, there is the other 50% that is missing from your edge, and that is the, methodical, strategic risk management.

just as good as much time as you took learning to read price, is equally important to learn to analyse risk.

all those probabilities and calculations, are not meant to be indicators for opening...

Red, i honestly appreciate your comments in full but i swear i cannot analyze money management the way you do with the open price and close... i use ATR to help me to keep it safe and not have too much exposure as well. i have a exposure % max of 2.5% using trades. yes i analyze risk, theres always the chance as u say on going on the other side of the 50. one can minimize such a chance if one does analyze what the fugga is happening in whatever way one can. I tend to look at all timeframes and see what is best for each, i jot them down on notepad, then analyze on each tf my usual analysis. which analysis overrules all logically is my "bias" although i tend to not have bias. i jsut watch and play with her as i go.

i manage risk not as well as you do for sure, but i try my best. i know i have wild gains in % like a 11% gain on that GU trade, but guess my risk? was 2.5%. was a r/r of about... (if we put it in that ratio) 5:1. ilook for the high probability setups.as u call it, lowest risk.

i know u care for me red, i care for u too, ur words and ur help.

keep on caring for me in 2012 will ya?


Happy new year everyone!
Have I got something on my face, SOLDIER?
  • #5,330
  • Dec 31, 2011 12:18pm Dec 31, 2011 12:18pm
Hellow,

First of all i would say Happy new year.
I am 16 and yet I trade on live account and demo
i started forex when I was 14 (same as u)

By the way.... Are u really 14 ? Are u going to school ??

It is nice to see young traders


Good luck
I am the one and only profitable forex trader, but not the only one
  • #5,331
  • Dec 31, 2011 3:17pm Dec 31, 2011 3:17pm
Quoting fx learner1
Hellow,

First of all i would say Happy new year.
I am 16 and yet I trade on live account and demo
i started forex when I was 14 (same as u)

By the way.... Are u really 14 ? Are u going to school ??

It is nice to see young traders


Good luck
14, and yes i am going to school. talked bout it many times lol.

anyways the skype Id is FXCalibur.welcome to add

Have I got something on my face, SOLDIER?
  • #5,332
  • Dec 31, 2011 5:32pm Dec 31, 2011 5:32pm
Quoting kk007
Hi Taigen,

Great goal!

This is the last day of 2011 today. And I can see on forexfactory's leaderboard, the highest yearly return is 139.1%. Now, your goal is 5000%. You will very likely be the top by the end of 2012. I look forward to seeing your trade explorer performance!

Best wishes,

kk007
I know that it sounds aggressive and that I only have a three month record averaging 54% per month but, at the same time, I feel that it is a reasonable goal. Maybe I'm looney tunes. October I was at $1072 to $1708. November I was $1708 to $3050 and December I was at $3050 to $3600. I'm ready for the challenge. I first have to make 2k from one of my accounts in order to set up a meta trader account. I'll then have to figure out how to use it.

Anyway, have a Happy New Year!
Taigen Profit This Month: na
  • #5,333
  • Jan 2, 2012 11:52am Jan 2, 2012 11:52am
Sounds like excellent returns here!

Really what it all comes down to is one simple word - FEAR

On my demo account I started with $600 on 29th November last year and now has a balance of $3723

On my live account I started with same amount and now has a balance of $15
  • #5,334
  • Jan 2, 2012 2:49pm Jan 2, 2012 2:49pm
Quoting jmtini
Sounds like excellent returns here!

Really what it all comes down to is one simple word - FEAR

On my demo account I started with $600 on 29th November last year and now has a balance of $3723

On my live account I started with same amount and now has a balance of $15
That is why I always say to trade using a live account... whether micro or standard a live account will be a live account ... i trade on both demo and live ... demo is used to evaluate brokers .... (requotes, SL hunting and other problems )

Have faith in your trading...
I am the one and only profitable forex trader, but not the only one
  • #5,335
  • Jan 2, 2012 3:25pm Jan 2, 2012 3:25pm
Just want to add these two things:

1. I am several years younger than my son, and

2. If crazy consistent returns were possible with whatever level of expertise and technology ............... ! . Trust me, they simply don't exist.


No. They don't..................................................................... Shut-up! They don't.
The Thief of Wall Street
  • #5,336
  • Jan 2, 2012 3:49pm Jan 2, 2012 3:49pm
Quoting Chicky
Just want to add these two things:

1. I am several years younger than my son, and

2. If crazy consistent returns were possible with whatever level of expertise and technology ............... ! . Trust me, they simply don't exist.


No. They don't..................................................................... Shut-up! They don't.

Doesn't make sense to me !!!! Am i missing something ..... or are you Drunk ???
How can you be younger than your son ??? ..
Do you regard your father as "my son " ??

..

What are you trying to say ???
I am the one and only profitable forex trader, but not the only one
  • #5,337
  • Jan 2, 2012 4:31pm Jan 2, 2012 4:31pm
Quoting fx learner1
Doesn't make sense to me !!!! Am i missing something ..... or are you Drunk ???
How can you be younger than your son ??? ..
Do you regard your father as "my son " ??

..

What are you trying to say ???
I am 12 and my son is 14. Now do the math.
The Thief of Wall Street
  • #5,338
  • Jan 2, 2012 4:44pm Jan 2, 2012 4:44pm
Quoting fx learner1
That is why I always say to trade using a live account... whether micro or standard a live account will be a live account ... i trade on both demo and live ... demo is used to evaluate brokers .... (requotes, SL hunting and other problems )

Have faith in your trading...
Yes I think that you are right. Even if one just trades micro lots. Really my big problem has been trying to get back at the market and over leveraging. It's actually amazing - I've now found that one can make much money just trading micro and mini lots.
  • #5,339
  • Jan 2, 2012 10:02pm Jan 2, 2012 10:02pm
Quoting Chicky
Just want to add these two things:

1. I am several years younger than my son, and

2. If crazy consistent returns were possible with whatever level of expertise and technology ............... ! . Trust me, they simply don't exist.


No. They don't..................................................................... Shut-up! They don't.
im just checking my thread and im confuuuused

and i dont make crazy returns like those mofus at the trade explorers "TOP 10" who mkae 500% in a month or some crap like that lol
Have I got something on my face, SOLDIER?
  • #5,340
  • Jan 2, 2012 10:53pm Jan 2, 2012 10:53pm
Quoting bumapatria
im just checking my thread and im confuuuused

and i dont make crazy returns like those mofus at the trade explorers "TOP 10" who mkae 500% in a month or some crap like that lol
I am not talking about you Buma. If I correctly remember Jeorge Soros had a target of 5% per month that he could never achieve but even with less than that he became Soros.

http://1.bp.blogspot.com/_NE-72ZXux-...orge-soros.jpg

Quoting Taigen
I know that it sounds aggressive and that I only have a three month record averaging 54% per month but, at the same time, I feel that it is a reasonable goal. Maybe I'm looney tunes. October I was at $1072 to $1708. November I was $1708 to $3050 and December I was at $3050 to $3600. I'm ready for the challenge. I first have to make 2k from one of my accounts in order to set up a meta trader account. I'll then have to figure out how to use it.

Anyway, have a Happy New Year!
The Thief of Wall Street
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