The Really Useless Thread

5. pc game...

im blastin fools on teh game

view on euro after nfp data...

euro swiss after market struggle on 1.2 lvl....

yentervention history..... &

view on yen after nfp rebound it from 76y...

hello?

..... is it me you're looking for ???

junkies
dari the bar is open 24/7

i know its the weekend but i did remember those rules, its posted at the grave yard read and pic the ones u feel its will help u with u trading

save this darn thing on u screen and read it every day befor u start trading

10 GOLDEN TRADING RULES FOR SUCCESS IN FUTURES & FOREX TRADING


It is a well known fact that 90 percent of investors lose money in futures and forex trading, 5-7 percent break even and only 3-5 percent make money. Given the high casualty rate, it is all the more important for investors to approach futures and forex trading in the correct manner. Below are some of the rules that traders should consider following if he is to make money consistently in the futures and forex market:

RULE 1 : USE MONEY THAT YOU CAN AFFORD TO LOSE

Trade only with "extra" money, i.e, money that is not earmarked to pay bank loans, car installments, housing loans, telephone and electricity bills, etc. One of the major reasons for investing only with extra funds is that your trading judgment will remain objective.

RULE 2 : DON’T OVERTRADE

Inexperienced traders can easily become overconfident after a number of winning trades. This can lead to overtrading – which is dangerous. One can be right 7 times out of 10 but the three times that you are wrong can wipe you out if you had overgeared yourself because of overconfidence. Success comes from prudence in money management. Never overtrade.

RULE 3 : CUT YOUR LOSSES SHORT, LET YOUR PROFITS RUN

Learn to be very impatient with losing positions. Learn to resist the temptation of taking your profits too early. Success comes from holding on to profitable positions and riding with the trend for maximum gains while keeping losses small by getting out quickly when you are wrong. One way to protect you from suffering catastrophic losses is to place stop loss orders for every trade entered.

RULE 4 : IF YOU GET INTO A LOSING STREAK, TAKE A BREATHER

When things don’t work out right, when your best forecasts fail you – get away from the market and take a trading break. A period away from the market can be refreshing and will recharge you.

RULE 5 : BUILD A PYRAMID WHEN ADDING TO A PROFITABLE TRADE


As the market moves up and you are long much earlier, you must learn not to double up your positions. Instead, reduce your positions each time you add to a position. If at first you had 10 contracts, the second should not be more than 5-6 contracts and the third should be 50% of your second (i.e. 3 contracts). An upside down pyramid will be top heavy and could wipe out all your hard-earned profits should the market reverse.

RULE 6 : NEVER ADD TO A LOSING POSITION

Adding to a losing position by averaging is very dangerous. Remember you are investing with "margin" and did not pick up scrips. The contract is not yours; you merely paid a percentage of the total value. Averaging a losing position is equivalent to not admitting your mistakes, that you were wrong in the first place. Successful traders cut their losses short.

RULE 7 : DON’T RISK YOUR ENTIRE CAPITAL ON ONE TRADE

Divide your trading capital into 10 equal parts and never lose more than 10 percent on one trade. If you lost the first trade, you still have nine more opportunities to be right. Putting all your capital on one trade is suicidal.

RULE 8 : NEVER MEET MARGIN CALLS

When you are wrong about the market, get out. Once you start procrastinating, very often prices will go against your position, further triggering a margin call from your broker. A margin call simply means that you are wrong in the market and your position should be closed out. Margin calls are made because people do not want to admit being wrong and take a loss; they hope the market will eventually go in their direction. To avoid this mistake, you should never meet margin calls. Just cut your losses and "get the hell out".

RULE 9 : REMOVE PROFITS FROM YOUR ACCOUNT

Probably no more than 1% of traders have a rule to take profits out of their trading account. The few wise investors I know have bought a house, a car or simply put part of their winnings into a fixed deposit account, otherwise the chances are high that they may lose them all back.

RULE 10 : HAVE A GAME PLAN

Lack of a game plan is not knowing what to do when you are wrong – and not knowing what to do even when you are right.

Here are a few guidelines:

1. Know when and at what price you are going to enter the market.
2. Know how much money you are going to risk on each and every trade.
3. Know when and at what price you are going to get out when you are wrong.
4. Know when and at what price you are going to take your profits if you are right.
5. Know how much money you are going to make if you are right.
6. Have a safety stop in case the market does the unexpected.
7. Have an approximate idea of when the market should meet your objectives or when it should begin to make a move; and if it has not done so, get out.

SUMMARY:

You will note that none out of the ten rules of trading mentioned above are on money management. Only Rule 10 describes the importance of having a trading system to determine "when to enter and exit". This just goes to show that good money management is the key to your success in making money in the stocks, futures and currency markets. A good trading system comes second. Nick Leeson, the rogue trader for Barings in Singapore, got into trouble because he did not respect some of the 10 golden trading rules.

SUMMARY

You will note that none out of the ten rules of trading mentioned above are on money management. Only Rule 10 describes the importance of having a trading system to determine "when to enter and exit". This just goes to show that good money management is the key to your success in making money in the stocks, futures and currency markets. A good trading system comes second. Nick Leeson, the rogue trader for Barings in Singapore, got into trouble because he did not respect some of the 10 golden trading rules.

same, same, reckon 3250 is the clincher, either fake above for a major reversal and resumption of downtrend, or accelerate gains above for confirmation of new uptrend...

my opinion only, lets c. hopefully greece finally gets the nod this week and we can eliminate some of the uncertainty attached to the situation...

good post..

most important thing is having the discipline to stick to your rules..

if u have time to post here. then you have time to have another job. btw can you sell your blood there? maybe you can milk the love muscle, and sell its milk for research. collect cans or something Greece needs your help. quit whining and do your part for the fatherland. being in a good research trail for a cabbage based anal lubricant will do you some good. bend over and take it like a man. your country needs you.

p.s. i heard bmw is looking for crash dummies. i hear some of the plastic ones cost a million +. so they are looking for people who need a second income. but its short term work.

thaks gator, i'm not worried about loosing my job anymore. so many options

so true...

fuck discipline

here's a whole week of lost pips. wadauthink? haaa, i see, gotta grow a brain, right?

RULE 1 : USE MONEY THAT YOU CAN AFFORD TO LOSE
no prob.
RULE 2 : DON’T OVERTRADE
eeeeerrr, ok.
RULE 3 : CUT YOUR LOSSES SHORT, LET YOUR PROFITS RUN

sometimes i cut cut them losses a little more... as V says hope is not an option, so if it goes against me i shouldn't hope for it to turn.
RULE 4 : IF YOU GET INTO A LOSING STREAK, TAKE A BREATHER

maybe, but i am completely unable to do this.

RULE 5 : BUILD A PYRAMID WHEN ADDING TO A PROFITABLE TRADE

hu, hu. that's what fucked me. look at the weeks. always trying to build positions to get my ass handed over on a silver plate.
RULE 6 : NEVER ADD TO A LOSING POSITION

i try not to. fail ocasionally here.

RULE 7 : DON’T RISK YOUR ENTIRE CAPITAL ON ONE TRADE

never.
RULE 8 : NEVER MEET MARGIN CALLS

haven't seen one i quite some time... still...

RULE 9 : REMOVE PROFITS FROM YOUR ACCOUNT

rofl: i have NEVER EVER done this. hope u guys still regard me after knowing this

RULE 10 : HAVE A GAME PLAN

always. sometimes i do change it and i shouldn't, but i always have one.

Kill, fuck the guy who wrote the other set of rules. this is far better advice for me at the time being. no kidd. hashoo brings u wisdom! cooool. LOL

nope...

really good post man. maybe i should not be upset that my plan didn't happen. cause no big damage was done and i did do some green to compensate for some of the bad entries (yeah, no one's perfect).

so the market ranged for a whole week. so i was better off banking. doesn't mean i won't get my swing next week. so why doubt my work? my entries weren't so bad and betting on a bigger swing (of the daily) isn't necessarily a bad bet. just didn't happen... yet!

thanks for ur view, mate

u did mess one important thingy

hatch is handsome he could strip in the street dam he will have a lot of pussy and shitt load of marks sorry eur

love greece G a lot of sexy memories we need to save their ass