{quote} I now know you are only 5 years older then me. So when i'm at you're age @ 2% a day, i should be a millionaire
udine
Sleep less, live fast, as it aint gonna last 
As simple as possible: 00 level trading
- #5,581
- Jun 25, 2014 8:17am Jun 25, 2014 8:17am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
udine
I am certainly not a seasoned trader, but there is something I would like to emphasize to the newer traders. It has already been mentioned a few times in this thread, but I think it so very important for those who want to trade this system to find a broker with low spreads. I ignored this issue and tried trading Udine's way with high spreads and zero commission and my results were HORRIBLE. My newbie thinking thought that the low spreads + commission would be the same as high spreads and no commission. Then it hit me the other day. It's not all about cost, it's also about when your trades are triggered in and out. 1 or 2 pips can make a HUGE difference between closing a trade in profit, or watching it almost hit your TP and then slide back down to the SL.
Since this realization hit my dumbass right up side my head, I have found a new broker with low spreads. I have only made 8 trades with the new broker, but I have 8 wins vs 0 losses. I know that I'm going to have my share of losing trades, and bad days overall, but the lower spreads are a giant improvement over the dismal results I was experiencing with higher spreads. LOL, I also know that for you experienced guys this is just common sense, but for us newbies sometimes simple things like this have to be explained MANY times before it finally sinks in to our newbie skulls. Just wanted to throw this out there for my fellow noobs!
My biggest problem now is I like to trade the London open, which is at 2:00 am where I live. Damn hard to get up at 2:00 in the morning when you have to be at work at 8:00 am. Hehe, sometimes I do it, sometimes I don't................
Since this realization hit my dumbass right up side my head, I have found a new broker with low spreads. I have only made 8 trades with the new broker, but I have 8 wins vs 0 losses. I know that I'm going to have my share of losing trades, and bad days overall, but the lower spreads are a giant improvement over the dismal results I was experiencing with higher spreads. LOL, I also know that for you experienced guys this is just common sense, but for us newbies sometimes simple things like this have to be explained MANY times before it finally sinks in to our newbie skulls. Just wanted to throw this out there for my fellow noobs!
My biggest problem now is I like to trade the London open, which is at 2:00 am where I live. Damn hard to get up at 2:00 in the morning when you have to be at work at 8:00 am. Hehe, sometimes I do it, sometimes I don't................
- #5,584
- Jun 25, 2014 8:23am Jun 25, 2014 8:23am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #5,586
- Jun 25, 2014 8:30am Jun 25, 2014 8:30am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
I apoligize to FXEmpire and to Udine for tainting his excellent thread
Udine
Sleep less, live fast, as it aint gonna last
- #5,587
- Jun 25, 2014 8:32am Jun 25, 2014 8:32am
- Joined May 2013 | Status: Trader | 1,997 Posts
Passion, Persist, Patience, Protect
- #5,588
- Jun 25, 2014 8:34am Jun 25, 2014 8:34am
- Joined May 2013 | Status: Trader | 1,997 Posts
{quote} forgiven
double
Passion, Persist, Patience, Protect
- #5,589
- Jun 25, 2014 8:38am Jun 25, 2014 8:38am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
A good trade once has said: "The good things in trading happen to those who bear through the bear market/times".. otherwise even my granny could make it in the good market/times. second part add by me, lol
Churchill once said "If your going through hell.... KEEP GOING !!!
This my friends is NOT EASY TRADING....
Udine
Sleep less, live fast, as it aint gonna last
- #5,591
- Jun 25, 2014 8:51am Jun 25, 2014 8:51am
- Joined May 2013 | Status: Trader | 1,997 Posts
Passion, Persist, Patience, Protect
{quote} Churchill once said "If your going through hell.... KEEP GOING !!! {image} This my friends is NOT EASY TRADING.... Udine
BTW, Churchill was right, if you are going through hell and you stop, then you are stuck there...
H
- #5,593
- Edited 9:09am Jun 25, 2014 8:53am | Edited 9:09am
- Joined May 2013 | Status: Trader | 1,997 Posts
{quote} Careful, Suares is on his way
it's tough to really grasp your humor..
.. nothing for nothing lacks positivity..
Passion, Persist, Patience, Protect
- #5,594
- Jun 25, 2014 8:54am Jun 25, 2014 8:54am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #5,597
- Jun 25, 2014 9:01am Jun 25, 2014 9:01am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
{quote} Lick your wounds and come back with force again tomorrow.. if it was easy and according to plan all the time, then everyone would have been doing it. take it easy brother..
Anyway,I can be everything but sure not person who will quite....I am just saying facts here,and i don't like some fact which i clarified in previous post.... Not saying that this cannot be profitable in longer run,but all people here must be aware what needs to be done to suceed and when days like today comes without bonus trade,it will burn your profit....and commissions + spread can be killer as well!
And the worse case you cannot know when those days will come....
Trade safe!!
It is just not for me
,and i am complicated when we talk about trading!How are you doing it today?
Regards!
