Brewski's Leverage Abuse

[EnlightenedJoe]

I go all in because big risk = big reward.

That's what they say and what you hope. But the evidence so far suggests otherwise. It's more like: big risk = money gone.

 

[brewski1984]

To be fair though I haven't done bad. When you consider the amount of trades I've done and the value of them along with all the guaranteed stop premiums, the majority have been the right way and I actually haven't lost that much money (relatively).

 

[EnlightenedJoe]

Maybe you should give me your money. You may not even notice they are gone.

So you have plenty of hot money to get rid of ? Why not accidentally send me a stack and I accidentally do something with it ?

 

[brewski1984]

No

 

[EnlightenedJoe]

No

Tightfisted.

I am beginning to suspect you are in the employ of the bucketshops to entice other punters to follow.

 

[brewski1984]

If any bucketshops want to offer me a job I'll take it as long as I can work from home.

On that note I hope nobody is copying me unless they fully understand the risk of ruin is basically near 100%.

 

[EnlightenedJoe]

If any bucketshops want to offer me a job I'll take it as long as I can work from home.

On that note I hope nobody is copying me unless they fully understand the risk of ruin is basically near 100%.

As you see, I don't copy you. You are long dax, I am short.

 

[brewski1984]

I would be long DAX if I had enough to cover the margin lol

 

[EnlightenedJoe]

I would be long DAX if I had enough to cover the margin lol

Just pull out another 200 from under your mattress should do the trick.

I still reckon this is not about gambling.

 

[brewski1984]

What else could it be about? All I'm trying to do is get a winner go for a few grand

 

[Lee Shepherd]

Nice one Brewski,

Now show em your real account if you dare. haha.

See you soon. You're welcome to come driving in my second hand fiat in the meantime.

Lee

 

[EnlightenedJoe]

What else could it be about? All I'm trying to do is get a winner go for a few grand

Probably to impress the ladies. Same as lighting up a cigarette with a £50 note.

 

[EnlightenedJoe]

I am curious of your reasoning. When I asked for a stack of the hot money you are trying to get rid of, you said no. Quite understandable: tightfistedness. What causes you to believe other people will give you a stack of cash just like that when you yourself would not entertain such an idea ?

Is the belief that money coming out the the market grew on a tree, therefor you can just pluck it off ?

 

[brewski1984]

Nice one Brewski,

Now show em your real account if you dare. haha.

See you soon. You're welcome to come driving in my second hand fiat in the meantime.

Lee

Which casino do you hit?

 

[brewski1984]

I am curious of your reasoning. When I asked for a stack of the hot money you are trying to get rid of, you said no. Quite understandable: tightfistedness. What causes you to believe other people will give you a stack of cash just like that when you yourself would not entertain such an idea ?

Is the belief that money coming out the the market grew on a tree, therefor you can just pluck it off ?

You understand my reasoning, I am a gambler looking for the thrill of a big win. I want to put £200 on 34 red and watch it roll in.

 

[tomorton]

At least you're still trading and still posting brewski.

For interest, would you have used the same set-ups (not necessarily taken the same trades) for long-term trades as for your day-trades with this account?

 

[EnlightenedJoe]

You understand my reasoning, I am a gambler looking for the thrill of a big win. I want to put £200 on 34 red and watch it roll in.

Yes, I understand what you are doing. Imagine I run the casino, what reason do I have for not pushing the special switch so that it doesn't land on 34 red, especially when I see you go big and try to ruin my business ?

 

[brewski1984]

At least you're still trading and still posting brewski.

For interest, would you have used the same set-ups (not necessarily taken the same trades) for long-term trades as for your day-trades with this account?

I literally have no set-up at all for anything other than go with the trend, for example this week usd has been a sell. I look at a few charts, decide which one I think is the most likely to go in to a profit and just enter. One trade takes me out and I just go straight into another.

As I said earlier, considering the amount of trades and value of them, I've actually not lost that much money considering what the reward will be. I've probably lost 25% of it just paying guaranteed stop premiums.

 

[brewski1984]

Yes, I understand what you are doing. Imagine I run the casino, what reason do I have for not pushing the special switch so that it doesn't land on 34 red, especially when I see you go big and try to ruin my business ?

Then all the other guys that haven't bet on 34 red have the edge.

 

[EnlightenedJoe]

Then all the other guys that haven't bet on 34 red have the edge.

True. But it would make sense to land the ball on a small bet. The casino's winners will then pay for the small loser. Market is a bit like that I think. In order for you to win, you have to be the small bet compared to all other bets. Going with the crowd aka trend will cause you to lose because then you are part of the big bet.The market must land on the small bet or it will go bankrupt.