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We Are The 1%

  • #101
  • May 24, 2012 11:55am May 24, 2012 11:55am
Why don't you google: "high speed trading" or "high frequency trading"

Big money stays with the big boys.
Always have been, always will.
  • #102
  • May 24, 2012 12:05pm May 24, 2012 12:05pm
Quoting luis borges
Why don't you google: "high speed trading" or "high frequency trading"

Big money stays with the big boys.
Always have been, always will.
Yes HFT is how the big boys make the money and stay ahead of the competition now. That's how it's all going now - smart computer algorithms trading micro gaps thousands of times per day for fractions of pips per trade. Trading by looking at 15M charts on Meta Trader and entering with your own finger on the mouse will soon be a pointless exercise. If you want to make it in this game long term, rent some property as close to the exchange as possible, invest $100,000 in high tech equipment, another $100,000 in smart programmer staff and start with HFT.
  • #103
  • May 24, 2012 6:35pm May 24, 2012 6:35pm
Quoting Roofx
Trading by looking at 15M charts on Meta Trader and entering with your own finger on the mouse will soon be a pointless exercise.
That's not realistic, that's apocalyptic.
Adapt your pattern-reading to the times, is all.
  • #104
  • May 24, 2012 9:13pm May 24, 2012 9:13pm
Quoting pinkiaiii
If you were one of those 1% youd be rich enough not to give a flying *u*k about FF.com and enjoy your life:surfing traveling and other extreme stuff that one could only imagine,instead you sit starring blankly into your screen and posting same rubbish as forexfactory news from twitter hope this makes sense.
Well said
  • #105
  • May 24, 2012 9:18pm May 24, 2012 9:18pm
Quoting PoundTrader
they say you can build a system around your losing system
nice quote.any elaboration on that please?
  • #106
  • May 24, 2012 10:01pm May 24, 2012 10:01pm
I want my money back
Come with me if you want to live....
  • #107
  • May 24, 2012 11:14pm May 24, 2012 11:14pm
Becoming the % that are winners of this negative sum game are the ones who put the probabilities in their favor through strategy MM proper position sizing mindset. This starts with a properly backtested system that you know makes pips over a period of time. KEY WORD here, consistency. You can never expect to have consistent winnings if you yourself are not consistent in the way you trade.
All posts are my personal opinion
  • #108
  • May 25, 2012 12:57am May 25, 2012 12:57am
Quoting SEDI
nice quote.any elaboration on that please?
K.I.S.S.
  • #109
  • Last Post: May 25, 2012 2:12am May 25, 2012 2:12am
Quoting Ill-b-back
Cannot agree with that broad statement, have been using MACD and 2 other custom indis for quite some time and doing very well.
Agree with you.

Well, maybe I'm not one of the 1%, but I have been trading since 2005 using stoch, CCI and Fib's and still making money. Not much, I must admit, because I am not a big investor and not a full time trader; but consistent.

To me, it's OK not to be an "ace trader". Being an "average trader" is enough as long as the money keeps flowing into my bank account.
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