Hahaha, probably not soon. I have been working on contrarian momentum scalper for a long time, so probably by the end of this year will it have 5+ EX, hopefully with decent capacity to boot. But who knows, trading and profiting is also very difficult.
Soldier on brother! Rewards outstrip the 10K hours under your belt…Sometimes I think all investors should also consider learning to trade as a backup strategy. But…
The trick is to have a clear road map on how to design a profitable trading algorithm. I recently stumbled onto a free resource that’s helped me put the final pieces of my system together. Just like you, I prefer scalping which would definitely make me a lousy investor for the same reasons you mention…
Anyway, google No Nonsense Forex. You may not agree with everything thing there due to your trading style, but the guide lines provided to design a manual trading system would have saved me years of screen time…cheers
I started investing on etoro on 2012, then I moved to the backup plan in 2015…
It’s probably the reason why you are so good a deciphering suspicious trading in a Darwin’s underlying strategy…
Spotting bad trading is just the beginning, it is entertaining and it is much easier than being a profitable trader or a profitable investor.
It is like the difference between a good analyst and a good trader, it requires knowledge but doesn’t require endurance.
Maybe I should start a post where I will post about my trading, ups and downs, losses/wins, lessons learned.
Currently I am looking at LVS and think that the current bleed is the main reason I cannot stomach purely technical trading. While I cannot discern the exact trade underneath, I think that it is some sort of short on AUD.
Recently some group indicated that their central bank might cut rates twice, and BAM, aussie fell. Then news came out that China might be blocking aussie coal imports, and double BAM, aussie fell even further -> double whammy in a day. Probably blew past all technical levels giving a clear directional indication.
But then we had new developments, mainly with trade talks, and those coal imports story being likely untrue, and aussie is completely reversing direction, but LVS is still bleeding money. A fundamental look at that short AUD trade would have clearly indicated that the time to bail has come.
I think that people who trade on technicals at least MUST be aware of fundamentals, otherwise such ouchies can probably happen a lot.
No pain no gain😨…Actually most ouchies can be traced back to ignoring one’s exit signals…and this can be further traced to risking too much…which is caused by reasons that have nothing to do with trading😭…
Note to self… I love stops. Stop orders are my friends
Talking about a prehistoric era ?
Rings a bell ? this is circa 2014 funny
Some interesting dinosaur findings around “Trading Slide Tech” debuts online are also waiting for the budding archaeologists / memories’ collectors / fans
about old stuff from top14 at that time (10/2015) 12 remain “open”, how about 10K invested on them?..
WOW only -1.7% , better than my live portfolio!
Look what Darwin was on the front page of that monitor screen … been around for a while
I hear you! I feel exactly the same.
I realize now that there is a journey, somehow and sometimes, from investor to trader… (CavaliereVerde already said something similar, moving to “backup plan” :D)
I have no idea what kind of brave souls have been trading GBP lately. I can’t wait for this brexit debacle to be over, I can’t get anywhere near GBP - it has been more volatile than an emerging market currency.
Also can anyone recommend a place for traders discussions?
I now feel so much better about my recent ouchie!.
My system is optimized for trading cable and whenever I look back at when I got creamed, 99% of time it was self inflicted .
Brexit’s a convenient cop out though should I choose to pretend I was right…Having said that, I totally agree with you. It’s been going on far too long and is exhausting
Who needs a casino when you can always trade pound at home. I fear this is far from over
But is the market getting exited at the prospect of MPs accepting the deal, or the prospect of them rejecting it and a possible Bremain.
Who Knows! Certainly not me.
I don’t think there’s a real chance that the deal will be accepted. The reaction of pound to the deal being rejected? Dunno. Last time, it went up, which was bizarre.
Edit: While pure speculation, i think everyone is tired of playing this game of hot n cold, thus there’s no real liquidity in the pound - thus wild swings. It’s getting worse day by day
Brexit is here to stay. I hope not for another 2 years. Also, deal rejected -> Pound rallies - What.
Pound goes up because the possibility of a second referendum increases after this - at least thats what I think from what I read.
So deal accepted - pound goes up, deal rejected, pound goes up - thus this is not an uncertain event? This is such a mess. It seems pound erased all of the post vote gains.