Pat494
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Commuting would now turn my stomach.
One of the great things about this game is there is no commute.
7.15am-8am : set ups & possible position placement
8am-11am : place positions (usually after 8.15/8.30)
11.30am-1pm complete break & try to close out morning positions, then gym etc
1pm-4pm place positions (taking care around US open)
4pm-5.30pm'ish : watch the close & if in open position will do usual trade maintenance.
Usually open flat close flat on the day with no overnights, revision of the day & done.
I've come to the conclusion that I will never want to spend all my time in front of monitors & constantly worrying about markets, this is a good gig, but can easily zap your time at home
You have obviously worked out your routine and therefore it should suit your circumstances. Good one.
other threads covered this BBC programme at the time. Fascinating feedback and if you read them some people are not what they seem
Hope you guys are faring better than some of the people that were included on this series
N
The Millions By The Minute mini-series had a section on social trading, which I'd never heard of - as I'm fairly new to the trading game as a whole.
However I ignored social trading as I thought I was going to be better, plus having seen lots of poor feedback about signal generators not using stops, opening multiple trades just to get more commission, etc etc...
Then about 14 days ago (after a bad days trading) I thought f**k it and I stuck £1k into a Zulutrade account on micro-lots and figured I'd see what a couple of these *star traders* did with it. I was up £50 in the first 24 hours, but now I have shut down/unfollowed the traders as my account is down £250 - running trades with stops 400 points away, really, wtf??
In short I thought I was a poor trader, but looking at the trades these "winners" opened and then let run I've realised I'm actually not that bad!
Having said all that, there *must* be a decent PAMM elsewhere or signal generator on Zulutrade? Any suggestions... as I've a whole £750 left to rinse omg![]()
Why let others waste your money ? Are you too short on patience to even try to improve your own trading and perhaps be profitable ?
I am (like most?) looking for the highest return on my capital and so my curiosity led me to see what social trading was all about - and if it could get me extra pips for minimal effort. I thought I'd share my discoveries on it given the content of this thread.
My patience needs working on but my trading is improving daily thank you, although not yet profitable I anticipate breaking even within a month or two.
Plus for myself risking £1k (a fraction of my trading capital) is neither here nor there in the grand scheme of things. It was a punt. It didn't work. Now I know. And I'm pretty happy with that outcome.
I am (like most?) looking for the highest return on my capital and so my curiosity led me to see what social trading was all about - and if it could get me extra pips for minimal effort. I thought I'd share my discoveries on it given the content of this thread.
My patience needs working on but my trading is improving daily thank you, although not yet profitable I anticipate breaking even within a month or two.
Plus for myself risking £1k (a fraction of my trading capital) is neither here nor there in the grand scheme of things. It was a punt. It didn't work. Now I know. And I'm pretty happy with that outcome.
Sounds like you have worked it out too Pat, I've spent hours & hours in front of the screens over the last few years & I do feel that although I don't aspire to be the next 'flash boys' competition, I do have enough knowledge & experience now to not let this rule my life & take each session as it comes.
I hope people coming into this will not think this is the holy grail to life (I don't imagine most switched on guys will be naive enough to think "oooh I'll sit at home in my office & make a killing doing the markets" that is defo not the reality IMHO, it takes ages to get a handle on all aspects of the game.
I still love it & perhaps I do because I have gradually made sure that I try & take advantage of certain times of the day, doesn't always work out, I often miss a move & am left staring at the runner I should be on, but these days I just think about the next opportunity, I never ever chase.
Have a good weekend
Commuting would now turn my stomach.
One of the great things about this game is there is no commute.
7.15am-8am : set ups & possible position placement
8am-11am : place positions (usually after 8.15/8.30)
11.30am-1pm complete break & try to close out morning positions, then gym etc
1pm-4pm place positions (taking care around US open)
4pm-5.30pm'ish : watch the close & if in open position will do usual trade maintenance.
Usually open flat close flat on the day with no overnights, revision of the day & done.
I've come to the conclusion that I will never want to spend all my time in front of monitors & constantly worrying about markets, this is a good gig, but can easily zap your time at home