HI Shakone
Sorry I could not answer all your points last night - but I have some time now so -
Point 1 - Facts - ie my past - I suppose I could get my records out and do a screenshot of when I was with FXCM in 2002. I had seen an advert in the Sunday Times from a company called Next 24hrs - promising to double you $2500 in three months - with them doing the work etc. Being a total forex novice - I sent my $2500 deposit to NY and this is the unbelievable bit - 3 months later it was not doubled ;-) - no nor trebled - but I still was able to exit with approx $3700 - so first experience was a nice one and that got me to take a course out with a Canadian company called I think FX Solutions ? - that was really $1750 down the drain but nothing compared to the next 18 months of losing small deposits and believing all the rubbish from marketeers. My first UK broker was CMC - that was another laugh - did I get stung ;-))
If you prefer not to believe I started forex trading 11 years ago and that I have been full time approx 6 years ago probably some of the points and tips I will gladly give out might then change your mind.
More 'history' about your trading that nobody requested.
Point 3 - yes agree - you cannot guarantee it 240+ days a year - as there can always be a "black swan " event for what ever reason . So far never had more than 7 bad trades in one day - and up to 5 bad trades a day - i can still get back in the black and profitable within 8 -10 hrs.
More 'history' about your trading that nobody requested.
Point 4 - 13000 live trades. Remember it grows between 50 and 90 extra trades - every week
Yes, that explains how it jumped from 7,000 to 13,000 in less than a month.
Even though I might be an expert at scalping ( ie within the top 10% of retail scalpers )- I still cannot get over 90% win ratio on batches of 100 trades. Bad periods - down to low 62% win ratio - extremely good week or two - 85% if I am really lucky -and I might be cutting part stake on any trade with a RR over 1 to keep my ratios high.
Oh, I hadn't heard that you were an expert before. Thanks for telling me, because I thought I was talking to a complete numpty.
So - I actually take offence on the silly "coin tossing analogue" - especially coming from an experienced trader - and please - any one reading this - just work out how many approximate live trades you have taken ? should be interesting ;-))
More than 13,000.
I'll bore you with some irrelevant trading history, but only because you asked. Some years ago, MB Trading decided to offer pay for limits. So rather than pay commission to trade you'd get paid $1.95 (I think) per 100k. So I decided as an experiment to do a form of market making separate from my normal trading. I knew it wasn't real market making of course, because I wasn't
in the real market, but I just wanted to gain some insight into that. So I would place the minimum order of 1,000 or about 6p per pip (so nothing really) at every few pips at first. Then at every pip as the experiment went on. Then at every half a pip. Surprisingly (for me) it wasn't as bad as one might think in terms of results. It was mostly about the exits you see. So if say EURUSD moved 100 pips+, which was quite common, and I had an order in at every half a pip, I'd end up making 200+ trades in a day on a single instrument. So, 13,000 does not seem a lot to me. I did learn something useful from that experiment but that's for another time.
My point though was that 13,000 trades on their own mean very little. Lets try another angle to see if you get the point. You have made nearly 2,000 posts here. You said that you posted a lot on another forum. Why is it that after these thousands of posts, you still can't write a good one? Either in terms of grammar, spelling and structure, or in terms of content. I'm not fussy, one of the two will do
. Why is it that people writing all their lives can't spell? Everyone makes occasional typos and mistakes, myself inclooded
, but I'm talking about consistent errors. Shouldn't all your thousands of posts have perfected the art of posting? Then again, I've seen vendors who are much worse.
Next point - re 20k hits and me and MM ( who I must clarify again - is not me) are not doing 700 comments a week - more likely 250 to 300 per week - so in a month say 1000 to max 1500 comments - where are all the others coming from - yes "invisible " members and hundreds of guests?.
I mentioned that you AND Major Magnum post 700-800 posts a week. I should have been clearer and stated that you and Major Magnum
combined post 700-800 posts a week. Which you do, because I can see it. At one point you had 500+ posts in a week just on your own.
Anyway - I have respect for you Shakone and your mates as you and the others have been here a long time. However I want you to be totally open and honest with me and if I do end up giving you any additional tips and clues to help you get more from your trading - ie more money, better results etc etc - please throw it back straight in my face ;-)
I respect most people, as long as you're not an animal like a few people in the UK news recently. So I don't get annoyed with you, just giving a bit of banter back.
Man U supporter - so looking forward to the game later on - but will be back on later tonight
Ok, now I've lost respect for you
