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Gambler trading (with some MM), who says it can't be done?

  • #41
  • Dec 17, 2013 3:52pm Dec 17, 2013 3:52pm
Quoting claudia1
{quote} http://www.forexfactory.com/showthre...00#post7161500 100% on broker account and growing lol.
damn you'r goood!
  • #42
  • Dec 17, 2013 3:59pm Dec 17, 2013 3:59pm
Quoting Vitez
{quote} damn you'r goood!
Maybe just lucky lol
  • #43
  • Dec 18, 2013 8:00am Dec 18, 2013 8:00am
Quoting claudia1
{quote} Maybe just lucky lol
I'd say cute..
  • #44
  • Dec 18, 2013 8:31am Dec 18, 2013 8:31am
Quoting Vitez
{quote} I'd say cute..
Well thank you!
  • #45
  • Dec 18, 2013 10:25am Dec 18, 2013 10:25am
Quoting claudia1
{quote} Well thank you!
That's it?
  • #46
  • Dec 18, 2013 11:22am Dec 18, 2013 11:22am
Quoting 60minuteman
the interesting point is none of the believers here can answer the simple obvious question... why is it better to risk all than to work out maximum risk? if your current results say you will never blow your account when risking 10% per trade, then risk 10% per trade. compound your profits and reach your goal. There can be only 1 upside of what is proposed here and that is the slim possibility you will make it rich quicker, the downsides are obvious to any seasoned traders (sucessful or otherwise) p.s what is the obsession with my age? FFS im 40......
Sorry 60, I thought you were 60ish

At any rate, everyone wants to get rich quick, it is what draws many to forex trading. It will take them some time get to the actual business aspect of it. I think Owl knows these threads get a lot of hits, and it is more fun to roll the dice!
If you are good at something, never do it for free--Joker
  • #47
  • Dec 18, 2013 11:49am Dec 18, 2013 11:49am
I think it's the only sensible approach for most of the forex factory clientele who seem to be trading demos or accounts with less than $1,000. They seem to come here for trash talk and arguments. What a waste of time.

Seriously it is the only way forward if you have a small account which you can afford to lose. With luck and some good judgement and money management (not the sensible kind) you could make a small fortune very quickly. Then the possibilities open up for running an account properly and actually making a living.
Gone to a better place
  • #48
  • Dec 18, 2013 2:06pm Dec 18, 2013 2:06pm
Bad post. To say you can make big money very quickly from a small account is way out of order. Most people here haven't a clue as you implied and I agree. I trade for a living and know you need 20k to 50k minimum if you thinking of making money from fx using sensible leverage. Depends how you want to live I guess.
  • #49
  • Dec 18, 2013 2:14pm Dec 18, 2013 2:14pm
Before Claudia gets bashed, I hope the bashers understand that Claudia made her statement and included the words "using sensible leverage" you would need that kind of scratch.

I admit it... I'm not sensible....

Quoting claudia1
Bad post. To say you can make big money very quickly from a small account is way out of order. Most people here haven't a clue as you implied and I agree. I trade for a living and know you need 20k to 50k minimum if you thinking of making money from fx using sensible leverage. Depends how you want to live I guess.
SPC * Swollen PocketZ Crew!
  • #50
  • Dec 18, 2013 2:23pm Dec 18, 2013 2:23pm
Quoting JoeNY
Before Claudia gets bashed, I hope the bashers understand that Claudia made her statement and included the words "using sensible leverage" you would need that kind of scratch. I admit it... I'm not sensible.... {quote}
lol Joe - expecting some bashing for sure.
  • #51
  • Dec 18, 2013 2:25pm Dec 18, 2013 2:25pm
I just hope they are polite....

Quoting claudia1
{quote} lol Joe - expecting some bashing for sure.
SPC * Swollen PocketZ Crew!
  • #52
  • Dec 18, 2013 2:27pm Dec 18, 2013 2:27pm
Quoting smikester
I think it's the only sensible approach for most of the forex factory clientele who seem to be trading demos or accounts with less than $1,000. They seem to come here for trash talk and arguments. What a waste of time. Seriously it is the only way forward if you have a small account which you can afford to lose. With luck and some good judgement and money management (not the sensible kind) you could make a small fortune very quickly. Then the possibilities open up for running an account properly and actually making a living.
Problem is if and when someone is able to make a small fortune quickly, Why would he stop doing whats regardless if it right or wrong and eventually blowup.

I mean if people get 3 winners in a row they think have got it and start formulating their retirement, when some makes a fortune on a small account very quickly (overleverged/overtrading, its implied that something was wrong) they'll never change until they hit the wall and realize whats up.
.
  • #53
  • Dec 18, 2013 2:27pm Dec 18, 2013 2:27pm
Quoting JoeNY
I just hope they are polite.... {quote}
Who cares I know who is right. Check my thread out http://www.forexfactory.com/showthre...56#post7164256 my last post here.
  • #54
  • Dec 18, 2013 3:37pm Dec 18, 2013 3:37pm
Quoting claudia1
Bad post. To say you can make big money very quickly from a small account is way out of order. Most people here haven't a clue as you implied and I agree. I trade for a living and know you need 20k to 50k minimum if you thinking of making money from fx using sensible leverage. Depends how you want to live I guess.
Looks like you could though?
Gone to a better place
  • #55
  • Dec 18, 2013 3:44pm Dec 18, 2013 3:44pm
Quoting nasir.khan
{quote} Problem is if and when someone is able to make a small fortune quickly, Why would he stop doing whats regardless if it right or wrong and eventually blowup. I mean if people get 3 winners in a row they think have got it and start formulating their retirement, when some makes a fortune on a small account very quickly (overleverged/overtrading, its implied that something was wrong) they'll never change until they hit the wall and realize whats up. .
Hey Nasir, great to hear from you, and thanks for your reply. Just as long as we know what we're doing anyway. I've done gambling, with gambling cash in my gambling pocket and I've enjoyed it. Knowing when to stop is key. Forex isn't gambling and if someone can get more than 10 - 20 straight wins and knows it, then they could turn $100 from their "gambling pocket" into several thousand in short order, maybe 20 trades? Surely worth a try once in a while?
Gone to a better place
  • #56
  • Dec 18, 2013 4:12pm Dec 18, 2013 4:12pm
Quoting smikester
{quote} Hey Nasir, great to hear from you, and thanks for your reply. Just as long as we know what we're doing anyway. I've done gambling, with gambling cash in my gambling pocket and I've enjoyed it. Knowing when to stop is key. Forex isn't gambling and if someone can get more than 10 - 20 straight wins and knows it, then they could turn $100 from their "gambling pocket" into several thousand in short order, maybe 20 trades? Surely worth a try once in a while?
Of course fx is gambling when can predicting the future not be gambling? Hey didn't mean to be offish in the last post just way I write sometimes.
  • #57
  • Dec 18, 2013 5:04pm Dec 18, 2013 5:04pm
Quoting claudia1
{quote} Of course fx is gambling when can predicting the future not be gambling?
IMHO..... there's a difference between gambling and risk. Ever notice a meteorologist "predicting" the
weather. They don't always get it right but they use their known knowledge to make a forecast
with a reasonable degree of accuracy. That's all we, as traders, can do.

BTW...... I did look at your "trade journal". You're excellent.
On the other hand, it seems like a very long and very stressful journey
to prosperity.

Just a thought.

Best......
When the Joker is in the deck.. fear not and play it well
  • #58
  • Dec 18, 2013 9:16pm Dec 18, 2013 9:16pm
Quoting claudia1
making money from fx using sensible leverage.
BTW......... after all these years most still don't get the difference from using "high" leverage
or a highly leveraged account in FX trading as opposed to say, using high leverage in real estate investing.

They are not the same. Apparently the US government cant understand that either. Or they want to give
the "edge" to the banks/themselves ?
Conspiracy theory of course which must mean that they're just silly.
When the Joker is in the deck.. fear not and play it well
  • #59
  • Dec 18, 2013 10:41pm Dec 18, 2013 10:41pm
Quoting smikester
{quote} Hey Nasir, great to hear from you, and thanks for your reply. Just as long as we know what we're doing anyway. I've done gambling, with gambling cash in my gambling pocket and I've enjoyed it. Knowing when to stop is key. Forex isn't gambling and if someone can get more than 10 - 20 straight wins and knows it, then they could turn $100 from their "gambling pocket" into several thousand in short order, maybe 20 trades? Surely worth a try once in a while?
Hey whats up.

I totally agree on what one can do in small period of time and/or in small number of trades, but the hard part is to stop. Also you can mess around with a smaller secondry account to if you can handle it mentally and not effect your main trading.
.
  • #60
  • Dec 18, 2013 11:00pm Dec 18, 2013 11:00pm
Quoting claudia1
{quote} Of course fx is gambling when can predicting the future not be gambling? Hey didn't mean to be offish in the last post just way I write sometimes.
Im sorry but that's a very uninformed way of looking at it. You cannot classify Forex or any speculative business as gambling.

What you classify is the people who take part in. There are 4 main categories.

1) Investors, People who invest in long-term fundamentals etc
2) Commercials, People/Companies who use the market as a service/utility to hedge against the fluctuation in the future prices.
3) Speculators, People who speculate on future prices with the market information they have researched,tipped, came across etc.
4) Gamblers, People who trade to, trade, entertainment, thrill etc.

When you classify the whole business as gambling you just put every one in the same basket which is very wrong.

Every time a traders takes a trade its his action that classify what group he is in, every time we trade we should ask ourself if we are speculating or gambling?
.
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