Forexmospherian
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Just out of interest, who is it you trade with where you withdraw up to 5 time per month and how much do they charge you for each withdrawal?
It is unlikely I will ever discover all of my strengths and weaknesses - but it is also extremely unlikely anyone else will either. I'm delighted that you have such obvious comfort in feeling complete in this respect. However there is a downside in believing to have achieved closure on a topic in that typically you will not bother to continue to do research. Even if you're perfect, stagnation is never good news.
On a separate note, with such success in the field, perhaps you can show us one or two of your live trades tomorrow in the live trading thread? I can provide you the link if you like. We typically state an asset, direction, entry level stop and finally exit. All posted in real time with the actual prices achieved. Don't feel obliged but it would be good to get a feel for your MO.
I trade multi accounts all now with ECN Brokers - UK regulated and all offering negative balance cover. Its amazing what you can negotiate when you are a good client paying thousands in spread and commission fees per month. I normally withdraw by bacs which is free ( up to a certain number per month) and rarely pay for instant wire transfer. Its fairly irrelevant in the big picture anyway - just like a paying an extra 2 or 3 spread costs per month - so of no great concern when withdrawing over $5k.
The older you get the more info you have on your own SWOT analysis - especially after you have been married over 20 yrs - you will never know how you will react in every situation you may face - but you have a good idea. With regards to trading - its a never ending journey - Of course I know more now that I did 5 years ago - and maybe before I retire in the next few years I am sure i will discover more.
With regards to live trades - I have had the question asked over the last 16 month whilst I have been running my live intraday FX thread
During that time I have made over 3000 calls - and I would easily say 10% of them have been within 3 mins either side of when I have entered - trouble is - there is a 30 second delay on the threads and in busy periods it can take another few minutes - before they appear to all members
Being a short term intraday FX trader - I might know my levels I am looking at entering a new trade 15 - 30 mins or longer - but I will only know my actual price that meets my criteria and agrees with multiple clues approx 1 to 5 mins before I enter
Some of my winning trades with RR's of 2 or 3 can be over with 5 -10 mins - mainly because my stop can be under 3/ 4 pips when a pair as a spread cost under 0 7 of a pip.
I am going away on holiday this week - but rather than you joining me in the thread for just an hour or so - wait until I am back and then you are welcome to come and spend a few hours or days or weeks etc - just for you to see how good I am.
I am nowhere perfect - no trader is - bad weeks I might only have a 65% win ratio - and then other good weeks on 100 trades I will get over 85 correct.
The thing is - I will not burn out in just a year or a few like pro's under massive pressure trading multi million pounds capital accounts - simply because I am not compounding and putting myself under immense pressure - ie I take 10 -20 trades a day - my daily target is 50 pips - and many days I will double or treble it
Just to rub more salt into the commercial traders methods - In the 16 months I have been running a daily thread here - I have not had 1 losing day - repeat not had 1 losing day
OK - i have had over 40 days when I have not reached my daily target - but out the 250 trading days plus I have traded - hundreds have been 30% + above that target
If I am rare - OK - i am rare - but during this next year I will be joined by another member here - Major Magnum - who has been learning my method for 6 -8 months before he went with it on a small live account. He is not full time - but when he can have a 4 hrs plus session - he is achieving some great results - with very low drawdowns ( similar tight stops ) and high win ratios - ie over 80 %.
You may say all what I am saying is impossible - simply because commercial traders etc cannot do these type of results. The trouble is - they are never shown and so many dumped over the last 6 years with the emergence and success of HFT etc.
Regards
F