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DislikedSince I know pipEASY (aka Sun Woo Lex Kim) personally in real life,
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Go check user "kppfinance" and "LexKim" in this forum. You may find further gems of insight in their posts coming from the same person who founded this thread. Infact my intuition tells me that "Calculus" is also the very same person. North Korea lol. I remember telling him once that I was going to apply Calculus in my trading.
Happy Trading.
YonIgnored
Disliked1. With respect to high school, We went to Sydney Boys High School since 1995. Feel free to verify. If your lucky, he may be kind enough to share a picture his mum took of us when we were in year 7. Our photo is too cute to be shared in the forum.
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Happy trading.
YonIgnored
DislikedHe is hard to reach since he is also a highly sucessful enterprenuer in other departments such as real estate and "hostile takeovers".
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DislikedHi Vee,
Last time I met him was around late April this year and that was like a little over 10 years the last time I saw him in person. He is hard to reach since he is also a highly successful enterprenuer in other departments such as real estate and "hostile takeovers".
In another words he doesnt need to trade. That his ultimate edge in FOREX in my humble opinion.
As for how he feels I would not know until he shows up here. I'm only encouraging him to get his balls out and just be himself such like other REAL pro traders like gregwilson,...Ignored
DislikedUse common sense.
A wise investor always moves on to higher profitability opportunities based on their current capital. Thats capitalism. The more you have, the easier it is even when it comes to lowering risk for higher rewards. I am sure you can discern which has better R:R when your capital is growing.
FOREX on the other hand is a false hope vehicle for undercapitalized traders due to the availability of increased lotsize allowed by leverages of up to 2000:1. Of course it does bring success to the slow and steady.
YonIgnored
DislikedI see, so I should assume that his import/export business was his first venture?Ignored
DislikedI do no think that there is such a degree of potential profit differential between the real estate and import/export business to delineate via common sense which came first in his career.Ignored
DislikedThanks Yon. I appreciate your response and able to relate why someone who is quite successful in other areas of life would want to protect their privacy and true identity. I guess we just have to respect that and wait for PipEasy to come back if he ever chooses to.
I agree with your comment about his real edge. Not having the need to withdraw or generate income from trading is a tremendeous mental edge. He also has the immense trading skills to limit the drawdown.Ignored
DislikedEXACTLY.
Imagine having a cash flow of 6~7 figures in other ventures that do not share the risks that FOREX carries when one chooses to trade with a leverage of 2000:1 on a standard lotsize of 1.0
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Therefore YOU (Trader A) is playing a different game to Sun Woo (Trader B) in the realm of capitalism.
YonIgnored
DislikedIt's great that you mentioned the golden phrase "CASH FLOW" highlighted in bold above. I am still researching but almost turning into a believer that there is no need to diversify at all with this approach. If you have a decent cash flow coming in from different ventures (heck/ one could use a revolving business line of credit if your trading skills are at a decent level but let's not go there!).
I see absolutely no need to close a long/short leg upon retrace on daily/weekly/monthly TF. If all we are doing is going with the flow and...Ignored