Once I get my EA coded correctly, it totally takes out the mental preparation problems… My system works, its just my mind wonders… Take into account I have a 4 month old baby I have been looking after since birth, EVERYDAY ( 6am-4pm), AND, get up EVERY NIGHT for night feedings… Its not easy to say the least… ANd, Im just turning in for the night… Got to have the passion and desire to succeed in this business…
O, and Yeah, I am “turning a corner”, and Me and a few others here will make traders heads spin when the dealing is done…
There are 4 traders on this forum that I feel have the desire to not be rich, but be freakin stinkin wealthy…
Haters will hate… I will explain it all in my book…
So… What do you not sure how to react to that… What do you define as motivated Money? Writing a book sounds cool. should share. Right now i’m focused on consistency and honing my methods. Wealthy is a great idea but to me it means more than money… right now I would be happy with having enough. and from there I know how to get to where i want to be in life. Guess this stuff brings out the philosophy of life huh?
“”“Soros went off on his own in 1973, founding the hedge fund company of Soros Fund Management, which eventually evolved into the well-known and respected Quantum Fund. For almost two decades, he ran this aggressive and successful hedge fund, reportedly racking up returns in excess of 30% per year and, on two occasions, posting annual returns of more than 100%.”""
Even my arguments out of ignorance are better than your “informed opinions”. That’s because I’m smarter than you…Quit arguing with me!
Relax
“”“Soros went off on his own in 1973, founding the hedge fund company of Soros Fund Management, which eventually evolved into the well-known and respected Quantum Fund. For almost two decades, he ran this aggressive and successful hedge fund, reportedly racking up returns in excess of 30% per year and, on two occasions, posting annual returns of more than 100%.”""
Even my arguments out of ignorance are better than your “informed opinions”. That’s because I’m smarter than you…Quit arguing with me![/QUOTE]
2 of the best years out of 40… And still not even 10% a month… You must be blissful as your ignorance is great
Now go back to my original comment…!!! 10 % monthly roi would be and is excellent for a hedge fund! Next time you try and correct me, better check yoself first! Google ur sht
[QUOTE=“konan;493216”]
Now go back to my original comment…!!! 10 % monthly roi would be and is excellent for a hedge fund! Next time you try and correct me, better check yoself first! Google ur sht[/QUOTE]
Actually I made an error… 10% a month would be 213% annually… So yeh… Show me a hedgefund that has made 213% annually… Of course that’s excellent… It’s also unheard of.
Actually according to barclay hedgefund index. these are the stats for currency funds
At a Glance from Jan 1987
Compound Annual Return 7.09%
Sharpe Ratio 0.32
Worst Drawdown 15.26%
Correlation vs S&P 500 -0.02
Correlation vs US Bonds 0.12
Correlation vs World Bonds -0.02
Consider that they have huge amounts of capital under management and they only return 7.09% per YEAR. They can afford the best educated, the most high tech infrastructure, direct interbank access, and well experienced management. Or to put it another way, everything that a retailer can not afford or get access to.
Forget about hedge funds…they take almost no risk after all, that’s the hedge part in their name. There are aggressive managers and traders out there that make great sums of money in short periods of time…like 1 or 2 years and then they can retire…If you think to take forex as a daily job, u got another thing coming…U gotta be aggressive at the right time and take risk, but try to minimize it too as much as possible by hedging…