darktone
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I noticed that from your performance ...
what do you think you notice from my performance?
I noticed that from your performance ...
Well ok,you buy greek national bank at 7 euro it fells to 6 and keeps falling without stop,you keep buying and in 2 months it goes to 1 euro,what will you do?Hard work? You lost me
In the pro world, many consider 4 - 5x quite warm tar. lets think on it another way. an active stop using trader makes 10% for the year but, he uses magic stops that only have to be paid at the end of the year. he was up 100% but after his account is adjusted for the effect of his stops, hes given back 90% of his profits.
is that hobby trading?
Hard work? You lost me
In the pro world, many consider 4 - 5x quite warm tar. lets think on it another way. an active stop using trader makes 10% for the year but, he uses magic stops that only have to be paid at the end of the year. he was up 100% but after his account is adjusted for the effect of his stops, hes given back 90% of his profits.
is that hobby trading?
what do you think you notice from my performance?
I understood nothing of what you said,whatever strategy you use if you dont know what you are doing you will lose your money,so the mambo jambo strategy stuff,is a discussion you can discuss with other newbies and not here.
Leveraged
Why do you think that you can tell that?
Well i imagine in this example if you were short you would keep sorting for two years to get your money back.:cheesy:
Guess what, greeks did the same with you back then,in the opposite direction and they believed they were pros like you believe (i doubt that you believe that of course).
The only difference you have is that you are lucky you live in uk and you are not bankruped yet.
Well i dont understand what you say,i am just an average guy to understand your genius explanations ,those who understand what you say could answer thatOk, in nero simple terms.
You are short FTSE25 right, each full point it moves results in profit or loss.
So youre short at 1694, it goes to 1695. You see how much money you are down.
for example. an account is $10000, the move from 1694 - 1695 sets it back $100
10000 / 100 = 100
so if the market were to move to up to 1794 and the tarder sat and did nothing, the account would be busted.
What would your bust out price be in your current position?
i deleted, becouse i tought i replied to darktoneYa shorting is tougher ....
Well i imagine in this example if you were short you would keep sorting for two years to get your money back.:cheesy:
Guess what, greeks did the same with you back then,in the opposite direction and they believed they were pros like you believe (i doubt that you believe that of course).
The only difference you have is that you are lucky you live in uk and you are not bankruped yet.
That you dont know sh!t is pretty obvious others have not realised it yetLets get one thing straight! I see myself as just another chump in the market who doesnt know sh!t . You my friend the one who thinks a bit of a pro, a bit special,,, which you are tbh, in some ways
I hate to break to ya, but i couldve been a short only player in that market and made money, i wouldnt have just sat there, and I wouldnt have had to wait two years either.
Now lets have a look at this bank chart you been banging on about, if its anything other than a straight line down i will laugh. lots! :cheesy:
You just said you were ...
yeah max 4x (only cos i said so) but thats nothin in retail land. babyjake is/was rockin 63x. Doomy was 500zillionx,, but you said you could tell something from pic dude , comon, what do think you can tell from the curvy line?
Well i dont understand what you say,i am just an average guy to understand your genius explanations ,those who understand what you say could answer that
That you dont know sh!t is pretty obvious others have not realised it yet
Ok, let me try an even simpler way.
you have a $10000 acc
you buy a market at that is priced at $10000, for $1 per point. Ie 1x
(with no other benefits / costs considered) if this market goes to zero, you have no funds left in your acc
does this help? no pressure but most 10year olds would nod their head
Ya 4X is good , noticed you had deeper drawdowns than the benchmark itself which indicates leverage being used .