grrrrrr the TP of our last trade has been hit b4 our SL
BE still not bad
however, it gives my scalp new setup a green point.
I don’t have to read any posts of anybody to know that higher lotsize with same risk/profit decreases margin, because it increases the effect of the spread, which means higher expenses. Which means it decreases the edge. Which could mean: No edge - no profit.
And btw.: Your account leverage is completely irrelevant if your lotsize is not higher.
Party? Where is a party to enjoy? I can just see another attempt to blow an account, which is really boring. Because 99% or so blow accounts. What’s so exciting with it? That was regarding money. If it’s regarding you I do not even read what you trade, so please bear with me if I just reply to some things which YOU replied to my math and logic. Anyways, don’t feel to get hindered by my math and logic, lol. As I said - good LUCK! :57:
i think you miss again the all idea.
the party is just about the trial, nothing to lose, any trial will enrich you and me and our trading skills.
newbies are reading, and hopefully they will get some great knowledge out of this post, from me and you and from all of us.
anyway thank you and have a nice day.
best wishes
trade #2
short eur/usd at market price 1.954 SL 10 pips+spread PT 10 pips+spread
spread is 2.4 pips
risking 5% of a demo account
typing mistake the price is 1.2954, sorry
OOOOOOOOOOOOOoo, wooowowowoooo, Whats going on in here, ??
Thanks Coder, I really mean it,
I will take care of my people, Im very giving, getting set to hand out gloves to the homeless in my city, but I wait ill its
snowing really bad, but havent had snow yet) YEAHHHHHH)
I do this once or twice a year. I buy $50 in gloves, like the brown working gloves, and hand them out as I drive around to
people I think could be gratefull for them. Its just something I do, I enjoy doing, and it lights up people, maybe giving them a moral boost.
I also have 4 business plans for my city, Including a 35 story office building, JUST FOR ME, LOL.
And also, have plans for indoor electic go-cart track, best in country. AND, a Drive-in movie joint, 4 sides, with mini golf with retractable roof,
3 stories, Sports bar, Bowling, Family entertainment type stuff, and things I enjoy.
I also have an invention, that I need to get going, and I plan to open my own Manufactory to produce it, and produce jobs.
ALSO, I plan a gated GREEN community. No Outside utlity venders…
AND, I also have plans for a Self Storage facility, all size, from 5*5, to Boats, with boat washing stations, high security.
I have alot of plans… Im young, ( 37 ) and have some time, but its running out.
Why would I help THEM, I already pay taxes 3 times before I spend the money.
They dont need help, they are doing this on purpose, but thats a whole differant forum,
The Price for EVERYTHING is horrible…
For instance, I just got a Durango, and had to get it inspected today because its from a differant state.
Sat there for 3 hours, needed brakes, but the charge is an automatic $60 per half hour labor…
$120 an HOUR, ARE YOU F’in kidden me? Mannnn, anyways, its in the past… But, thats all it needed…
Then, food shoppin, just dinner for 4 averages out to be around $23 a day, just dinner. Thats not including other meals.
O, need gas, $60 right there…
I smoke, as you know, but I roll my own, and cant believe I didnt start at least rolling them years ago, can you
believe, people pay basicly to have them rolled. I save $4.20 a Pack, just by taking the time and
doing it myself… So, went from $85 a week, to $18 a week now… Because I roll them myself…
By the way, Im sick of rolling them, its a pain… Arms already sore from typing and clicking, then have to roll that crap,
I cant wait o be done… Tommorow, Im waking up, and not smoking, till i really need one.
I did quit 2 years ago, on newyears, for 6 months, till i got drunks, and was like, " Commmon man, just let me hit it once",
That was the end of that streak,… But now, I dont really drink, or go out for that matter.
Probaby drink Newyears day, seeing my Browns are in order for a a$$whoppin from the Steelers,
Anyways, the moral of this rant, is, Money is the second most important thing in life, If you dont have it,
your ass out… End Of story…
Thanks akeakamai, *Hat Tip to ya,
I just want folks to know, Im not doing this for “wind in my sail”, or some sort of “Look at Me”…
Im doing this for ME, and maybe others, when this pans out, any type of benifit to traders.
Im not saying Im a master, theres thing I dont know, but there are things that I do know, and I know how to add, and count money,
Bear in mind, if done correctly, there is really no other chance on EARTH to make the money that can be made,
and that in itself, says alot. Yes, Granted, you can lose everything, but then, whos fault is that?
Good call, but what was your TP? 2-3 pips? Very Low volume, I cant trade in this, I dont hunt for the trade, thats to risky.
If your using the 1M charts, My rule, is Volume must be above 50, and that is counting last 3 bars. For each minute, must be 50, for 5M, it has to be 250, and so on…
When it gets real, it gets real, there is a fine line betwen great and OSh8T, Im looking for PERFECT setups, I need 40-50 pips a day, and picked right, day over in 10 mintes. I sure the heck didnt expect that big move yesterday, I mean, If it was going to do anything, It was going to fall. Thats why I try to only short, or only Long. But, really, if Im wrong, *cough, O-o,
I only limit myself to 1/2 of my last days profits. So, If Im in a trade, and its wrong, I can only afford to lose 1/2 of yesterdays profits. Its better then a months worth, and still, didnt make yesterday a total washout…
well, nothing will stop me taking a valid setup, not volume, not the news, not the sentiment.
i am one of those who think that everything is there in the chart, everything is reflected in it, so any other thing but the chart will only cause me a little of headache.
by the way our PT has been hit and we are a 5% richer of course demo rich:cool:
i think we must add a rule here any draw-down bigger than 25% of our account will kill our getting rich soon plan.
That with the tax is unfortunately right. Anyways, do you know that in Europe they pay 2-3x the gas price you pay?
Well I smoked as well in the past, money. Now since almost 30 years clean. Which saved a lot of money, time and health. Ya know how I stopped?
I worked in a store and how it is smokers often offer cigarettes to others. So then my strategy was to stop buying cigarettes. I had enough customers around which usually offered me a cigarette. Albeit when I didn’t buy any for myself I couldn’t offer some to them in return. So after a while they got that I won’t offer them in return and they stopped their “supply” as well. So, that was the reason I became clean with a fading out strategy, which even did not have the goal to stop smoking. I just had the goal to not buy any cigarettes anymore. As I said. Clean since almost 30 years.
trade #3
short eur/usd at market price 1.2951 PT 10 pips+spread, SL 10 pips + spread
spread is 1.2 pips
nice, you should really try to get real funds together,
i think i still need a couple of month on a demo before getting real account.
remember at least need 2 years experience for become good trader
hogwash,
post your statement here
soon enough, sooooon enough,
well i think my relation to forex start 5 years ago but i do agree of what you have said, i am a graduate of pipsology since 2007.
i have quit and return so many times b4 my last year.
the PT of our trade #3 have been hit.
we have done the job of tomorrow hehe
our demo account balance is 110%
trade # 4 has been taken
short eur/usd at market price 1.2942
PT 10 pips +spread SL 10 pips +spread
spread is 1.2 pips
risking 5 % of our demo account.
Stay disciplined and you can do it… best of luck. I’m shooting for 2% a day in a small account I have. Going to start next week…