The Thief of Wall Street
- #806,481
- Jun 9, 2013 11:37pm Jun 9, 2013 11:37pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
- #806,482
- Jun 9, 2013 11:39pm Jun 9, 2013 11:39pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #806,484
- Jun 9, 2013 11:41pm Jun 9, 2013 11:41pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #806,485
- Jun 9, 2013 11:43pm Jun 9, 2013 11:43pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #806,487
- Jun 9, 2013 11:46pm Jun 9, 2013 11:46pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #806,488
- Jun 9, 2013 11:51pm Jun 9, 2013 11:51pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #806,490
- Jun 10, 2013 12:51am Jun 10, 2013 12:51am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
Good afternoon fellow traders. So, what is on the docket for today?
I only got +43 pips in the last couple of hours with zero draw down. Still not a super pro like most of you excellent ones. Still a 5 year plus newbie here.. lol Waiting to see what I will learn on the thread today?
I only got +43 pips in the last couple of hours with zero draw down. Still not a super pro like most of you excellent ones. Still a 5 year plus newbie here.. lol Waiting to see what I will learn on the thread today?
Luck has no place in trading. Leave that for the poker table.
- #806,492
- Jun 10, 2013 12:59am Jun 10, 2013 12:59am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
Good afternoon fellow traders. So, what is on the docket for today? I only got +43 pips in the last couple of hours with zero draw down. Still not a super pro like most of you excellent ones. Still a 5 year plus newbie here.. lol Waiting to see what I will learn on the thread today?
The Thief of Wall Street
- #806,495
- Jun 10, 2013 1:25am Jun 10, 2013 1:25am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
{quote} its a "Im gonna eat your cash" monster
For some, it is measure of retrace size in percentage terms. Higher the percentage, lesser the ROI as it would require blocking more capital. Right or wrong but few also use it to measure the risk in investment. A stable retrace percentage also shows up on our chart as trend lines. When we extend a trend line, it is nothing but a retrace projection. You can also use a retrace projection as a Line of Least Resistance.
Others use it with reference to their account balance or trade profit/loss. Like a pa, profit/loss on a trade also fluctuates, giving highs and lows. A retrace below entry level is a drawdown. In other words, highest negative balance that a trade experiences (regardless of its ultimate outcome) is a draw-down. In all the cases, every trade shows a draw-down equal to the spread as soon as it is taken, then it goes from there.
The Thief of Wall Street
- #806,496
- Jun 10, 2013 1:43am Jun 10, 2013 1:43am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
{quote} I don't know about a monster, but a Draw-down is a very interesting thing for calculated trading. For some, it is measure of retrace size in percentage terms. Higher the percentage, lesser the ROI as it would require blocking more capital. Right or wrong but few also use it to measure the risk in investment. A stable retrace percentage also shows up on our chart as trend lines. When we extend a trend line, it is nothing but a retrace projection. You can also use a retrace projection as a Line of Least Resistance. Others use it with reference...
Luck has no place in trading. Leave that for the poker table.
- #806,497
- Jun 10, 2013 1:44am Jun 10, 2013 1:44am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
looking for investors . pm me
- #806,498
- Jun 10, 2013 1:46am Jun 10, 2013 1:46am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
