Quote of the day

[tar]

It's listed under spreadbetting on the hmrc site! Nothing I am thinking just facts.

If people can't understand english or hmrc rules then you better hope your stupidity is taken into consideration when hmrc come knocking. Given that you are able to make any money in the first place

.

 

[darktone]

If trader X is buying and averaging down in fixed size and in equal distances for example buy 1 lot every 100 pips , then it is impossible to always have the average entry price near the bottom , it will be exactly in the middle between the first entry and the last one , one would need 50% retracement just to get back to BE .

Ofcourse there could be another version of averaging down , for example first buy every 100 pips then buy every 50 and so on, while increasing size more aggressively all the way down just to try to make the average entry near the bottom , but that wont work every time , at some point you will run out of fuel before seeing the bottom , which will keep your average entry hanging up there way off the bottom . Not to mention the steep drawdowns you will suffer just to get back to BE .

Which brings me to the old saying : martingale works if you have unlimited money .

All of this is just to avoid taking a loss of few pips in the first place while being ok with taking the same amount as profits .

 

[Atilla]

got this on twitter from Paul Bratby

.

 

[tar]

I am trying to figure out , he was sounding intelligent on T2W zoo

Tell us why it is funny!

Self Sabotage for traders

Self Sabotage for traders

A post today from ET forums it was about an old member .

 

[Atilla]

Your new avatar pic... is that a blinkered dummy or just a dummy with a horse face?

 

[tar]

Your new avatar pic... is that a blinkered dummy or just a dummy with a horse face?

The former ...

 

[darktone]

I think so too.

You don't want to be trading with the herd but against them.

You want to be buying when they are selling and selling when they are buying.

You should be picking off their stop losses so you can profit and not trying to hide behind them by a few paces. This just puts you at the wrong end of the firing range.

yep

 

[tar]

MY Favorite:

33. You will not make money long term until you know enough about your
personality to find a trading style that is compatible.

Same my thinking

 

[darktone]

to many ego wrestling on those boards always holding constantly absolute truths which in my humble perception translates in absolute bs.

Many healthy discussion are killed by those strong opinion/beliefs, here the egos can get very aggressive (fear) in defending something that exist only in their mind, showing a luck of maturity as a trader and as a person.

(of course here i am not referring to anyone in particular...)

aaa

 

[Atilla]

If you weren't joking, then you must be wandering in an alternate reality.

:cheesy:

 

[Pat494]

The new " alternative reality " is the Trump supporters speak for downright lies.
Disgraceful.

 

[Atilla]

The new " alternative reality " is the Trump supporters speak for downright lies.
Disgraceful.

Not lies!!!

Alternative Facts!!! :cheesy:

 

[Atilla]

......

enjoy your life dude....the food you eat doesn't make me 5hit

 

[Atilla]

...

you will hear my name and you will not sleep from the stress,just like the hedge funds who panicked after my shorts,so be careful how you talk to me

...

 

[Dowser]

^^^Classic! lol, the guy's delusional

 

[Pat494]

Quo vadis

 

[Dowser]

Romam eo iterum crucifigi

 

[darktone]

I am not going to do any live trades,i dont want to show more of what i know,i have showed enough.Not targets nothing.
You cannot beat me in nothing of these with what i know,not even hedge funds can.

Quality like this doesnt come along often :cheesy:

 

[Pat494]

Ve haff ways of making you talk ya ?

Adolph Smuck.

 

[Atilla]

dear pretentious effeminate dbphoenix/mr. charts fanboy, however was used in contrast to the implied change of mind, that your first impression was that of an idiot, he changed his mind, however you have restored the original state of perceived idiocy.