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Forex Made Millionaire Thread for Blog Swing Trades

  • #1,261
  • Feb 22, 2016 3:28pm Feb 22, 2016 3:28pm
Quoting Evilzim
{quote} Geppy, would you rather not prefer your stop loss @ 161.40 (previous candle) that way you giving the market some space "room" to move should it come up there. Its a resistance line and you have bearish engulfing pattern confirming. Just my thoughts:0
Wouldn't make sense to do that for me.

Like I said, I stand to lose one pip on my position as things are now. Yet, my reward is unlimited. That's a great place to be.

I also have a rather large position on relative to my account size due to my pyramiding more shorts on. I'm simply not willing to give up a 60 pips loss on 14 minis (or ~$739 USD) especially having been ~$1,500 USD in profit. It's one thing to have a winner turn into a wash, but why let it turn into a substantial lose?
check out my blog: forexmademillionaire dot com
  • #1,262
  • Feb 22, 2016 3:41pm Feb 22, 2016 3:41pm
Great thread here, Geppy et al. I'm glad to have found it. I'm trading out of Cape Town, sunny South Africa. Trading full time. Let's smash 'em
  • #1,263
  • Feb 22, 2016 3:42pm Feb 22, 2016 3:42pm
Quoting BGETrading
London, UK! Do we have any traders who have left their jobs and gone full time? Are you full time Geppy? would be very interested to hear your stories! Thats the aim for me one day. Love what you're doing on this thread Geppy, keep up the good work. On another note, USDJPY moving nicely. I missed getting in yesterday so i'll take it when she breaks.
I'm a pro trader full time , more due to the high unemployment rate, but make double swing trading and I was in It..
  • #1,264
  • Feb 22, 2016 3:53pm Feb 22, 2016 3:53pm
Quoting lancedes
Great thread here, Geppy et al. I'm glad to have found it. I'm trading out of Cape Town, sunny South Africa. Trading full time. Let's smash 'em
Quoting Pip-Miner
{quote} I'm a pro trader full time , more due to the high unemployment rate, but make double swing trading and I was in It..

Never knew we had so many full-time traders lurking here. Very cool!

I tried going full-time years ago, well before I had any business trying to do so. I failed pretty miserably and haven't had the chance to give it a go full-time since then.

Started a company and have employees and investors, otherwise I probably would. But I feel too much commitment to those folks. So a hobbyist I am for now.
check out my blog: forexmademillionaire dot com
  • #1,265
  • Feb 22, 2016 3:58pm Feb 22, 2016 3:58pm
London England, just inside the M25 (which you will understand if you're from UK).

Currently just watching from the sidelines as I am trying to get my head around a new platform and broker that will let me do micro trades following earlier sage advice regarding risk management in this thread. Doing larger lots is fun when things are going your way...but I have limited capital and don't want to get wiped out. It happened once when I first started. Nearly happened twice. Ain't happening again.
  • #1,266
  • Feb 22, 2016 4:02pm Feb 22, 2016 4:02pm
Quoting Geppy
{quote} {quote} Never knew we had so many full-time traders lurking here. Very cool! I tried going full-time years ago, well before I had any business trying to do so. I failed pretty miserably and haven't had the chance to give it a go full-time since then. Started a company and have employees and investors, otherwise I probably would. But I feel too much commitment to those folks. So a hobbyist I am for now.
Sounds like you're doing very well Geppy and its worked out well for you in the end. What line of business are you in if you don't mind me asking? Apologies for going off the subject of the forum slightly, I enjoy hearing the stories of forex traders as they are often very interesting people who come from all sorts of backgrounds and locations as we are seeing!
  • #1,267
  • Feb 22, 2016 4:26pm Feb 22, 2016 4:26pm
Quoting Geppy
{quote} {quote} Never knew we had so many full-time traders lurking here. Very cool! I tried going full-time years ago, well before I had any business trying to do so. I failed pretty miserably and haven't had the chance to give it a go full-time since then. Started a company and have employees and investors, otherwise I probably would. But I feel too much commitment to those folks. So a hobbyist I am for now.
...And some wannabe Full-time Traders. LoL!

Cheers.
  • #1,268
  • Feb 22, 2016 4:27pm Feb 22, 2016 4:27pm
I represent Nigeria here. Proudly Africa
  • #1,269
  • Feb 22, 2016 4:29pm Feb 22, 2016 4:29pm
Quoting JampelD
London England, just inside the M25 (which you will understand if you're from UK). Currently just watching from the sidelines as I am trying to get my head around a new platform and broker that will let me do micro trades following earlier sage advice regarding risk management in this thread. Doing larger lots is fun when things are going your way...but I have limited capital and don't want to get wiped out. It happened once when I first started. Nearly happened twice. Ain't happening again.
Welcome to the club. I have been there before , and lots of successful traders did get wiped out before they make it.
Learning the hard way , but if you can be patient and learn from your mistakes , it is definitely the best way to learn.
Keep doing it with mini contracts till you feel confident about your trading strategies and techniques.
  • #1,270
  • Feb 22, 2016 4:36pm Feb 22, 2016 4:36pm
Quoting BGETrading
{quote} Sounds like you're doing very well Geppy and its worked out well for you in the end. What line of business are you in if you don't mind me asking? Apologies for going off the subject of the forum slightly, I enjoy hearing the stories of forex traders as they are often very interesting people who come from all sorts of backgrounds and locations as we are seeing!
I founded an EdTech startup here in the bay area (short for educational technology).

I've been at it for about 5 years and things are finally getting to a really fun point for us.
check out my blog: forexmademillionaire dot com
  • #1,271
  • Feb 22, 2016 4:41pm Feb 22, 2016 4:41pm
Evening chaps, I am from Accrington (Lancashire) UK, Aerospace Engineer, just starting out on my Forex adventure, what more can I say so much to learn, but what an amazing bunch of people here all offering out factual sound advice!!
Thoroughly appreciating everyone's input.
  • #1,272
  • Feb 22, 2016 4:57pm Feb 22, 2016 4:57pm
wish you all the best Gep with your biz.

What a diversified community we have here, it is really an interesting group with different backgrounds and origins.
Proud to be a member of this thread and wish you all a lot of fun and a lot of money. Trading is one of the most interesting jobs one can have.

I hope one day , we can all schedule an annual meeting , meet in a nice place and get to know each other more. Hopefully that time we are all millionaires to afford such a meeting.

Goodluck for all of us and keep the hard work.
  • #1,273
  • Feb 22, 2016 5:11pm Feb 22, 2016 5:11pm
Quoting Forex147
wish you all the best Gep with your biz. What a diversified community we have here, it is really an interesting group with different backgrounds and origins. Proud to be a member of this thread and wish you all a lot of fun and a lot of money. Trading is one of the most interesting jobs one can have. I hope one day , we can all schedule an annual meeting , meet in a nice place and get to know each other more. Hopefully that time we are all millionaires to afford such a meeting. Goodluck for all of us and keep the hard work.
Thanks, man!

I'm also really digging the community we're building here. I hope to some day turn FMM into my next potential venture, but that's years out. For now I'm just focused on building out the community you see here and on the blog.
check out my blog: forexmademillionaire dot com
  • #1,274
  • Feb 22, 2016 5:24pm Feb 22, 2016 5:24pm
Quoting Geppy
{quote} Thanks, man! I'm also really digging the community we're building here. I hope to some day turn FMM into my next potential venture, but that's years out. For now I'm just focused on building out the community you see here and on the blog.
Here u have ur first co-founder.
  • #1,275
  • Feb 22, 2016 5:33pm Feb 22, 2016 5:33pm
Quoting Geppy
{quote} Thanks, man! I'm also really digging the community we're building here. I hope to some day turn FMM into my next potential venture, but that's years out. For now I'm just focused on building out the community you see here and on the blog.
Well said. Step 1 then Step 2.

Cheers.
  • #1,276
  • Feb 22, 2016 5:36pm Feb 22, 2016 5:36pm
Jess, rule one....don't let a positive trade go negative....

re-enter if ya have to
  • #1,277
  • Feb 22, 2016 5:42pm Feb 22, 2016 5:42pm
Quoting Geppy
{quote} Thanks, man! I'm also really digging the community we're building here. I hope to some day turn FMM into my next potential venture, but that's years out. For now I'm just focused on building out the community you see here and on the blog.
nothing better then having a sounding board and sharing ideas with other traders, certainly helps with decisive decisions
  • #1,278
  • Feb 22, 2016 5:50pm Feb 22, 2016 5:50pm
Quoting Pip-Miner
{quote} nothing better then having a sounding board and sharing ideas with other traders, certainly helps with decisive decisions
Yep, nailed it. Now the key is making sure we keep the thread high-quality... always a challenge around here it seems.
check out my blog: forexmademillionaire dot com
  • #1,279
  • Feb 22, 2016 5:55pm Feb 22, 2016 5:55pm
Quoting Geppy
{quote} {quote} Never knew we had so many full-time traders lurking here. Very cool! I tried going full-time years ago, well before I had any business trying to do so. I failed pretty miserably and haven't had the chance to give it a go full-time since then. Started a company and have employees and investors, otherwise I probably would. But I feel too much commitment to those folks. So a hobbyist I am for now.
Hate to toot my own horn but I'm also a full time trader. Difficult but very rewarding career!
L.S./M.F.T.
  • #1,280
  • Feb 22, 2016 6:00pm Feb 22, 2016 6:00pm
Philippines here! Enjoying the thread.
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