Thank you for sharing. Do you mind if I ask you how did you learn trading in the first place? Are you self-taught?
- #779,081
- Mar 27, 2013 11:37am Mar 27, 2013 11:37am
- | Commercial User | Joined Mar 2012 | 1,646 Posts
- #779,082
- Mar 27, 2013 11:40am Mar 27, 2013 11:40am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Yes, self-taught. A lot of reading, hit and miss, going through different strategies, learning about a typical trading day. Also I had the opportunity to mingle with City traders when I lived in Canary Wharf. Amazing what sort of strategies and info you can get when you get them a little tipsy
I get most market intel for my day job by taking people for drinks too
- #779,084
- Mar 27, 2013 11:42am Mar 27, 2013 11:42am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
Yes, self-taught. A lot of reading, hit and miss, going through different strategies, learning about a typical trading day. Also I had the opportunity to mingle with City traders when I lived in Canary Wharf. Amazing what sort of strategies and info you can get when you get them a little tipsy
I drink tequila as if I am drinking diet-coke , you are warned ( I just lied)
- #779,085
- Mar 27, 2013 11:43am Mar 27, 2013 11:43am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #779,087
- Mar 27, 2013 11:43am Mar 27, 2013 11:43am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
^^^ Truthiness!!!
I get most market intel for my day job by taking people for drinks too
- #779,090
- Mar 27, 2013 11:47am Mar 27, 2013 11:47am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
mr. tom, you know your fundies, so what´s your opinion on slovenia? I´m hearing they have some issues lately.
- Every state but Germany, who has joined EMU had artificially overvalued currency. Therefore, in past decade, most of export made growth went to Germany and rest of EMU ended up with slowing growth and rising unemployment. And so did Slovenia. So Slovenia was already slowed down thanks to this and now their export gets more hits. From the other side, Slovenia as new country still doesnt have much debt/GDP. It is in fact simmilar here in Czech, although we dont have Euro. Since our new age democracy aint lasting long, politicians were a) privatizing everything they started with b) didnt have enough time to get in more debt. So in effect although growth is slowing, I cant see this state coming into some debt spiral. In fact I expect western Europe to come out as winners from this whole crisis as we can, and I hope we will, diversify our exports between east and west. So far both Czech and Slovenia are too fixed on exporting to Germany.Hope it helped a bit,
T
"I know one thing, that I know nothing." Sokrates
I will let you know of my dirty secrets if you can handle a night-out with me
I drink tequila as if I am drinking diet-coke , you are warned ( I just lied)
- #779,092
- Mar 27, 2013 11:48am Mar 27, 2013 11:48am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
- #779,095
- Mar 27, 2013 11:51am Mar 27, 2013 11:51am
Yes, self-taught. A lot of reading, hit and miss, going through different strategies, learning about a typical trading day. Also I had the opportunity to mingle with City traders when I lived in Canary Wharf. Amazing what sort of strategies and info you can get when you get them a little tipsy
The rest was learned through reading and hard experience gained while building up my accounts from an initial £1000 to over £100,000 during the last 3 years. I am constantly working on my own strategies based on some of the best techniques that I learned from Clive, in combination with other methods that I have personally trialled.
The most important rules that I learned are 1) never trade against the daily trend; 2) if there is no identifiable trend, STAY AWAY; 3) Keep a reward to risk ratio of at least 1:1; 4) Never risk more than 2% of available capital on any one individual trade.
"The trend is your friend until the bend in the end"
- #779,096
- Mar 27, 2013 11:51am Mar 27, 2013 11:51am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
I love the Desperados beer with tequila. Anyone can overdo it on that me thinks
My wife loves that...!
- #779,097
- Mar 27, 2013 11:51am Mar 27, 2013 11:51am
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Not all sins are created equal
- #779,100
- Mar 27, 2013 11:55am Mar 27, 2013 11:55am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
Male-whore...
If you pay me and ask me to "jump", I'll reply with "how high...and after which height do I get a bonus fee?".