Question about position sizing when taking a short position

Ok, I think you guys cleared everything up for me. Thanks a lot for the help!

For long position or short position, position size calculation done. This could be possible manually or by the trading calculator. I prefer automatic process rather than manual calculation. In forex position sizing calculator trader do not need to provide the information of their trading size whether small or big. It’s really important for every trader to know about their position sizing for making profit. Otherwise you cannot differentiate the profit and loss.

You’re welcome mate
glad i could hlep

Don’t know what your speculating on but the rest of us use CFD’s. We’re not buying or selling anything but profiting on the change in price of the underlying instruments according to our bookies (sorry I mean brokers) terms and conditions.

Clint’s right you’re wrong but you are to emotional to admit that. Emotional, failure to admit mistakes, the need to be right, three qualities not fit for this game.

Love to start a poll on this one. Take note robot elders +1 here on that

2 Likes

Stop answering questions with over loaded answers which are never clear or correct in most instances - people are apparently here to learn and you’re not helping? You need to learn how to be direct and state when you’re not sure if your answer is correct in the first instance.

You were wrong with your above reply to Clint. So take it on the chin and have a think about why so many people are tired of your comments here… Numbers don’t lie

5 Likes

I know that your intentions are good, Martin.

But sadly that doesn’t help, and I’m afraid Bob’s totally right: the combination of being over-emotional, failing to admit that you’re completely mistaken, and needing to be right, really is one that rings loud alarm-bells for trading, and perhaps just as loudly for forum-posting, too.

We can’t go on like this, Martin. Surely you can see that?

As a sensitive person, you can surely see that 7 or 8 of us, each acting independently, are regularly intervening in threads to warn people that in spite of being well-intentioned, you’ve actually posted entirely mistaken information?

You surely can’t imagine that that’s just a coincidence?

It must occur to you that for so many people, on so many occasions, to be acting that way, there must be some kind of reason behind it?

Does it occur to you that apart from the complete beginners you’re trying to help, sometimes with wildly inaccurate information, there are also still some long-experienced traders here, ALL of whom feel that you’re really not helping.

3 Likes

Now you see… this is something i can work with as opposed to the useless stuff i usually get

so…

ok, I’ll work on clarity… ok
as for Correctness ITS’ DEBATEABLE… right ?
i mean… who’s to say i’m not correct
who’s to say i’m wrong

so it would help if the person who is saying i am wrong would clarify HOW i am wrong,
especially since in this case, it was such a basic concept

and i’ve been trading succesfully for years now… so , i can’t be all that wrong
facts are facts.

i don’t mind being proven wrong
but if i traded like this for years… then hey… that’s proof

now… if after all these years. I ACTUALLY GOT IT WRONG about 2 trades occuring when a trade is opened
OK… fair enough
but… has it affected how i trade or my success… NO
so should it be a major warning to newbies… NO IT SHOUDLN’T BE

all that should happen is… someone should correct me and explain why
especially since… i learned this stuff from babypips education tab around 7 years ago… so… yeah…
what can i say

if i’m wrong i’m wrong
if i misunderstood babypips, i misunderstood them
but i am still trading profitably regardless

so… there’s no need for rudeness from clint, but instead clarification would have been more helpful.

I accept this … 100%
and i’m aware of it and i’m working on it
I have no complaints here… ok
and i thank you for saying it

so… that’s my fault… i accept that
and for the record
my issue is
if i am direct and to the point. i find people keep asking more questions
so
what i then do is i answer them fully and correctly in the one question so that they don’t ask more

but, people don’t seem to know what they want
so if i answer briefly they say its’ not enough
if i expand they say its’ too much
i’m still trying to find the mid point

but, i am working on it… ok

ok, fair enough
but let’s take this instance
I WAS DAMN SURE i was correct

i still don’t know how i’m wrong about this point

so let me ask you this
how can i , or anyone know that we are MIGHT NOT BE CORRECT if we believe that we are ?
you can’t right

that’s why if someone’s finds an error with someone, they should point it out and explain why

like you said
we are here to learn, not to be abused

i accept that i may be
but clint was rude and didn’t explain anything

i can take it on the chin… not a problem
this is not a pride thing… i assure you
and have i thought about why so many people are tired of my comment YES I HAVE
but mate, in truth
so many others thank me for it as well
so… yeah

to me, it would appear that some people are tired of them and the length
others actually thank me for the time taken to write walls of text to explain stuff to them

so… how do you make everyone happy… YOU CAN’T.

but also
of those that are not happy

WHEN I ASK… WHY
they almost never reply

so… how do i fix it

YOU DID
THAT’S GREAT

but so many don’t
and then they complain as to why it continues

well… DUHH

so thank you for the input
ill work on it… ok

be cool
thank you

2 Likes

Without wishing to appear inflamatory @anon81929759, I think it may be wise to ponder a while on the QUALITY of the posters in this thread, who appear to be frustrated and critical and perhaps to understand that most of us now merely scan your posts and move on to the next one.

Also whilst yes you do get likes on around 1 in 4 of your posts, the QUALITY of those “liking” the posts is basically restricted to the veriest “Newbies” as a rule.

I do appreciate that the sheer Volume of your submissions, in both numbers and “wordage” significantly add to the chance of keeping input to the forum above “critical mass” - I’m really quite unsure as to whether that is the sole purpose of your submissions or not.

I can readily appreciate the criticism levelled at your postings by @Clint, @_bob, @LaughingCharlie, @RISKonFX etc who are all seasoned posters, whose opinions are highly regarded.

Really, unless you are only out to “Up the word count at any cost”, You really do need to address (by changing your attitude to) their concerns.

3 Likes

Increasingly many of us, when you very regularly make objectively, factually incorrect statements.

When you say things like “It makes no difference at all whether and where your broker’s regulated”, it makes my blood boil, and it makes me shudder, and I think it’s desperately bad advice, and extremely ill-informed and frankly pretty stupid, but I don’t even bother to debate it, because I know you’ll say it’s “opinion” and you’ll come back with a 5,000-word reply which just pisses everyone off even more, and helps nobody. I’m a realist and I know that there’s no mileage or benefit in trying to correct your ill-informed perspectives on issues like that.

I only correct your objective, factual misinformation.

There’s certainly enough of that about to keep a large number of us busy.

3 Likes

@LaughingCharlie
ok, i’ll try to keep this as short as possible

and did you read the fact that i approached ASIC and they did nothing.
so… it’s not opinion. it’s a fact
it means nothing when the regulators do not act
so why is your blood boiling
do you think i wasn’t upset when they did nothing ?

it’s not ill informed
it’s a factual experience that actually happened

it’s not opinion… it’s fact

i apologise for that , and I’M NOT TRYING TO PISS ANYONE OFF ok
i’m working on shortening my posts as much as possible,but sometimes it’s hard when people keep asking questions
ok

as am i

Mate, if you don’t share your knowledge , what’s the point of us being here ?

so in conclusion
i haven’t actually provided facutally incorrect information
it’s the opinion of you and a few others that it’s incorrect
that’s it

but i’m not trying to piss anyone off … ok
but i can’t force you guys to read the posts
but if you don’t then you won’t understand what i’m trying to say … will you

we need a solution here
and it’s certainly not rudeness
but so many of you seem to be rude
and i’m not being rude by saying this… I"m being factual ok

so if you have a solution… let me know

@Clint
you need to relax and get your attitude in check.

No one was being rude to you and you just came out and started with that crap
YOU’RE WRONG HERE MATE… accept it

@Falstaff

that’s ok… no problem, speak your mind

Fair enough, and i have, you can be sure of that
but mate, when those same posters seem to be nothing but rude, WHERE IS THE QUALITY

you said this…

Now the first 2
clint and [i won’t mention his name because i said in the past that i won’t for the sake of keeping the peace]
Mate, as experienced as they may be
they are just bloody rude… ok
and it has been my extensive experience that you will go nowhere with rude people
so those 2 are not credible
as for Charlie and Riskon FX

Charlie (i find hard to deal with , but i put up with charlie and sometimes the experience is good ) and other times i’ll ask him stuff and he won’t respond (which is pretty useless)
or he will be rude in a very subtle way… and WHY DO WE NEED THAT
so… i ignore it and put it aside
so… i don’t really have a major problem with charlie
but of late, he has been getting worse, i’m hoping it can be fixed

but those first 2… NO. it won’t happen

don’t really understand what you meant to say here
i’m sensing sarcasm , but i’m not understanding what you are trying to say.

well… yeah. of course it is, because the majority of people that i help are newbies
so… that makes sense
and if they like the response, then… what’s wrong with that

that’s the point isn’t it
to HELP THEM and so they APPRECIATE the help

tha’ts what i’m doing

Ok Martin, what I meant to say was ;

I thought the final paragraph, which you forgot to address in your post, should have helped with trying to assess my meaning. Why do you think I was attempting humour ?

thank you for the clarification
but if i can offer some advice…

Why attempt humour when it’s already confusing
that would only confuse it further which it has

so basically you said CHANGE MY ATTITUDE
and (respectfully) that means what ???

i mean i could take a guess and then you guys could say , No matin not that… right

can you see where this is confusing
i mean MY ATTITUDE is… I want to help
You want me to change that attitude
so… to what ???

you stated the posts are too long
you want me to change that.
I AGREED to work on it
it’s not like i’m not trying here after all the abuse i’ve received.

now what else could you mean ??
ok, maybe attitude towards HOW THE POSTS ARE ADDRESSED
ok.
but , common sense would say that , thus far i address every post in the way I BELIEVE it should be addressed
so saying “change your attitude” on this is not really helpful unless you get more specific

i mean let’s take the last one… right

the newbie asked about buy and sell on a currency pair
Now… that’s a pretty basic subject… right

now. i’m being told to change my attitude
YET… NO ONE AS YET HAS TOLD ME WHY I WAS WRONG hehe… see the problem

I’ve stated very clearly
i don’t mind being told i’m wrong
if i am it’s because of what i learned orginally on baby pips or it’s a misunderstanding somewhere

and what have i got in return…

  • Abuse
  • No Clarification

so… Not very helpful

Mate, i’m trying ok
I"m trying to make you guys happy so that this works out well
but you can’t ask me to do something when it’s not clear on what you want
I’m not a mind reader

so… a little help… if you could.

Is that what this means ?

You will note the lack of commas in that sentence.

If it meant what you have taken it to mean, there would have been !

[Edit - before any response - Oh and the “I” and the “Was” would have been reversed in order.]

What makes you think it was an attempt at humour ?

All my attitudes are completely “in check”.

On the other hand, you and your personality disorder are something else, altogether.

You have succeeded in disrupting this thread – like so many other threads on this forum – with your misinformation and your childish complaining.

Do us all a favor. Say goodbye to Babypips, and go bother some other forum.

2 Likes

@Clint
mate, what we are discucssing here was SINGLEHANDEDLY created by you

i merely repsonded to a post
you came out with rudeness
you are being disruptive , not me

why don’t you just understand that
why don’t you also tell me why i was wrong
and then just stop doing all this arguing

you’ll notice then, that the fight will stop (that’s because you are causing it)

Why would i do you a favour? that’s stupid.
you’ve been nothing but rude

Now… i will say this
if you had not been, i would have happilly complied

but No mate
you don’t get to be rude , then get to tell someone to leave
you are the one that should be leaving , if anyone is going to leave

I’m sure you were upset, as any of us would have been.

The problem (for other members here) is that what you did over that issue, was wrongly assume that because that because that was one person’s experience on one occasion, it’s necessarily and universally going to be true for all traders under all circumstances, too, and it isn’t. That’s just wrong.

Unfortunately, you also did exactly the same thing when responding to the member who asked about demo accounts, when you wrongly told him that a demo account will expire in two weeks, “no matter what” (your exact words). This was totally wrong, as many members who have a lot more experience than you promptly pointed out. But you continued to insist that you were right, and kept on posting at huge length, mistakenly insisting that you were right and everyone else was wrong.

In both these instances were simply misinforming people by generalising one individual circumstance to the whole world.

You’ve also done exactly the same thing over a range of other incidents and misinformation.

Unfortunately, your habit is to extrapolate your own experience on a single occasion to all other members in all other circumstances, and often this is just wrong.

The reason it’s such a problem is that when people with a lot more experience than you point out that it’s wrong, and that what happened to you isn’t typical, and that there are many other possibilities as well, and that what you’ve described in absolute terms (“no matter what”!) rather than simply acknowledging your mistake, you continue to post at great length defending your position. That’s what causes the arguments.

A very large number of us keep on asking you to STOP doing this, but unfortunately you just ignore us.

Everyone knows that you mean well, and are posting because you want to try to help beginning traders and new members. Nobody’s complaining about your motivation at all.

What we’re all complaining about is the reality that the words “Ok, sorry - thanks: I didn’t know that” seem to be missing from your vocabulary over and over and over again.

Please try to learn something from this, Martin, so that we can all move forward together in this community without these endelss arguments, and in a more amicable spirit of cooperation, and without misinforming people who ask questions.

Thanks in advance for understanding.

2 Likes

@LaughingCharlie
charlie, i appreciate you putting in the time to work this out… ok
that being said
i will also try to make this as short as possible

but regarding this comment
i’m sorry i have to disagree
You guys keep sticking to this story that i said 2 weeks
i didn’t say that
i said 1 Month
i would never say 2 weeks

and also (i can’t remember if i actually said NO MATTER WHAT) i doubt it, but maybe… i don’t know
but. if i did say that
it’s because that’s what I BELIEVED TO BE TRUE because i have only had the experience of demos’ ALWAYS EXPIRING after 30 days

Now. what i remember from that post was that people over reacted in a big way.
i mean… why was it a big deal to just say “hey martin not all demo’s expire in 30 days”

simple as that
since that post i have learned that OBVIOUSLY not all demo’s expire in 30 days. some are permanent
now
since that post i have also had people say to me i’m wrong, Demo’s don’t expire in 30 days.
Now… that is nothing short of stupid because if i have already stated that I HAVE DEMOS THAT HAVE ALWAYS EXPIRED AFTER 30 DAYS it means IT’S POSSIBLE and it’s common because lots of other people have that as well

so… even though i can concede to the fact that i didn’t know that demos could be permanent
why can’t the other people understand THIS WAS MY EXPERIENCE

in my opinion
None of us here need to argue
We just need to discuss and clarify

so… THE PROBLEM AS YOU ARE STATING IS…
RE that demo thing
my point was they expire after 30 days
you guys claim i told a newbie it expires after 2 weeks NO MATTER WHAT

Now

  1. i didn’t say 2 weeks (i’ve never had a demo expire after 2 weeks for hte record)
    i think the 2 week thing came from someone saying it incorrectly and then you probably latched onto that
    but… it’s not true

so i would chalk that accusation on me as a MISUNDERSTANDING
and a misunderstanding that can be worked out… simple…

Moving forward
re this

No…
You guys keep saying this
I’TS NOT TRUE

i do not assume that what is true for me is UNIVERSALLY TRUE FOR ALL… No, not at all

but, in saying that
of course i will give my persona experience, as everyone does

it was you guys that turned it from

  • Me saying what my experience was
    to
  • you guys assuming that I MEANT IT WAS A UNIVERSAL TRUTH
    that was words being put in my mouth so to speak

and i’m not pissed about it, for the record
but… obviously it has caused all this problems

again, this is a misunderstanding that can easily be fixed IF YOU GUYS ACCEPT THAT I GENUINELY DO NOT BELIEVE THAT MY OWN EXPERIENCES ARE UNIVERSALLY TRUE FOR EVERYONE

of course when i respond to a newbie (as i do most of the time)
i will give my own input
and then others will give theirs
then the newbie decides who they want to believe

now. you commonly refer to ACCURACY OF INFORMATION on the site
and i agree with that mentality … fair enough

but mate, if i state my experience it is an accurate opinion of what i have experienced
now
it may not be ACCURATE FACT because it is possible to learn something incorrectly
but… I CAN ONLY STATE IT THE WAY I LEARNED IT AND EXPERIENCED IT… right
so… I’m doing my best to ensure accuracy
but if i learned something wrong, then that’s that
and i’m sure i’m not the only one to put up a post of their experience and that the information in the post is not TECHNICALLY CORRECT AS PER INSTITUTIONAL STANDARDS

but all that aside mate
i still do trade profitably and want to help newbies who want to listen

but clint was rude, Plain and simple
even if was wrong and i still don’t see how i am because no one has explained it
THERE IS NO NEED FOR RUDENESS
we should respect each other , not piss each other off
don’t you agree ?

OK LET ME BE REALLY REALLY CLEAR HERE … OK

  1. I APOLOGIZE FOR THE ARGUMENTS

  2. i do not apologize for what i have said to people who have been rude to me initially… No
    but i do apologize for any argument that was caused by me as a result of a misunderstanding

  3. I do respect the experience of you institutional traders. just like i am an expert in I.T. and i am an engineer and i know what that means to have that level of knowledge,
    I CAN RESPECT THE LEVEL THAT YOU GUYS ARE ON… No problem
    Now i won’t tolerate rudeness…
    but rudeness of no rudeness i still respect the experience and knowledge that you guys have

  4. when you guys point out something i’m doing wrong
    you said this

No mate
LET ME EXPLAIN
and i think this is the root of the problem
and i think we can easily resolve this… ok

this is text , not words, so … Confusing is going to occur
Please genuinely understand me on this… ok
I am acknowledging there is a possibility that i am wrong when you guys say i am
take this… trade thing where i said something like When you buy a pair,
you are buying Base and Selling the other pair

Now… on one hand, i can’t see how i’m wrong, based on what i was taught and bassed on how simple a topic it is.
on the other hand you guys are saying i’m wrong… OK, I ACCEPT THAT
I accept that IT’S POSSIBLE that i am because you’re saying it

but, no one has yet told me the explanation to why i am wrong
and… it’s not arrogance on my part (Even though i understand how you may see it that way)
it’s just me asking PLEASE EXPLAIN BECAUSE I DON’T UNDERSTAND… simple as that.

so. IF THIS IS WHAT CAUSES THE ARGUMENTS (most of them anyway)
maybe you guys needs to UNDERSTAND MY INTENTIONS

My intention is not to be argumentative or disruptive
My INTENTION IS LEARN

Even though i am succesful at trading , I PRIDE MYSELF (even in I.T.) on knowing the finer details in things
and i would pride myself on knowing the finer details in trading… ok

i think arrogance it stupid personally and that’s why i won’t be arrogant
but CLEARLY THIS WAS ALL A MISUNDERSTANDING

AND AGAIN… I APOLOGIZE FOR BEING THE CAUSE OF THAT MISUNDERSTANDING… OK

I’M SORRY MATE if there was a miusnderstanding
these worlds are not striken from my vcab not at all

but i have found most times… HONESTLY that if i asked one of you guys, You don’t respond

now… this response you have given me to clarify I GENUINELY THANK YOU FOR THIS and for your patience because i know long posts piss you off.

becuase it gives me the opportunity to fix things
and i’m prepared to fix them

so ok… I’ll be more attentive to this and i’ll say that more often… NO PROBLEM, that’s easy.

MATE… ABSOLUTELY FIRETRUCKING CORRECT… ok
i want to move forward with the community

i want to be cool with you guys… No question about it.
from the beginning (and let me be honest since we are talking like this… ok)
i felt a lot of hate and a lot of cold shoulder and i just chalked it up to… that’s who you guys are and i should just put up with it
take what happened with bob for example
look what happened, i had to stop talking to him because there was no way that i could calm things down with him.
and i have not responded to him in a month or so
and he still hasn’t drop things
i don’t like flagging him every time he responds to my post, but it’s the only way to keep the peace isn’t it

after bob there was you , there was falstaff there was a few others
viper seemed to be cool (i had no problem with viper)
and basically i just tried to work with you guys

i found that i could work with falstaff and yourself and occassionaly there was crap to be put up with and i put up with it because at least we had a dialogue going

but again. what clint did was BS
i don’t care what his experience is… that was just rubbish

i wouldn’t do something like that to him
so maybe someone needs to talk to clint as well

i’m willing to patch things up
but clint was just being silly and clearly he was just out to insult someone as opposed to actually rectify something.

so moving on…

definitely i want to co operatre

so…

LET’S DO THIS
HERE IS WHAT I PROPOSE

  • I’LL FOCUS ON SHORTENING MY POSTS WHERE POSSIBLE OK

  • YOU TRY AND GIVE ME MORE POSTS LIKE THIS that provide explanations if you think i’m doing something wrong
    and don’t be afraid to tell me
    and i will listen… ok

  • PLEASE DON’T ASSUME THINGS ABOUT ME - i think this is where most of the arguments came from

i think if we start there we might be ok
what do you say ?

be cool
thank you for this post ok

have a nice day mate

1 Like