Full time trading does it really pay

This is a discussion on Full time trading does it really pay within the General Trading Chat forums, part of the Reception category; Originally Posted by pazienza well you started it. You got very uppity unnecessarily over someone using a very common colloquial ...

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Old Jan 22, 2011, 5:03pm   #226
 
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Re: Full time trading does it really pay

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Originally Posted by pazienza View Post
well you started it. You got very uppity unnecessarily over someone using a very common colloquial name for the usa. Since you wanted to be absolutely correct in terms of terminology, i thought i'd be correct in terms the real world facts.

Mexico has a lot of illegal aliens rather than the usa? Are you sure?

Who's heading south of the rio grande for a shot at a better life? Drug dealers?
yes, mexico concentrates one of the highest rates of illegal alliens in the world, who is heading to the south?, its easy to talk when you dont know but you are rigth in one thing, since the worlds most important drug production fields are in south america and the worlds highest drug market - most consumers - are in the usa and the only connection among drug addicts and drug sellers is mexico because there is no other border, you are rigth.
If the usa attack their drug consumption our problem will decrease, but their policemen work hard at day to fight drug dealers and go to rest at night with some cocaine or grass or whatever.
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Old Jan 22, 2011, 5:14pm   #227
 
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Re: Full time trading does it really pay

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Originally Posted by Pazienza View Post
If the US keeps going as it is, that will be true one day, sooner than people think. But at the moment, America is definitely still a country rather than a continent.
It's a bit like the way people think of Europe. They are a band.
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Old Jan 22, 2011, 5:22pm   #228
 
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Re: Full time trading does it really pay

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Originally Posted by new_trader View Post
it's a bit like the way people think of europe. They are a band.
i am sorry if i tried to be correct in my therms and i created some confussion, the thrut is that we are in america but we are not part of usa.
I said i was in europe last autumn, the thrut is that i was in england and ucraine, those are different countries not a band.
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Old Jan 22, 2011, 5:26pm   #229
 
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Re: Full time trading does it really pay

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Originally Posted by DionysusToast View Post
You haven't ever asked HC.

He's a flake, although it is interesting to see you haven't quite come to that conclusion yet.
What a convenient memory you have, my dear. I've accused you repeatedly of flying a false flag.

Whether I believe him to be a flake or not is not possibly known by you. Just because I treat someone with respect, or defend him when I believe he is being unfairly attacked, or I give him some blowback tools, is not correlated with my belief in his veracity.

There should be absolutely no doubt in your mind who I consider a flake on this forum.
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Old Jan 22, 2011, 5:36pm   #230
 
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Re: Full time trading does it really pay

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Originally Posted by howardcohodas View Post
what a convenient memory you have, my dear. I've accused you repeatedly of flying a false flag.

Whether i believe him to be a flake or not is not possibly known by you. Just because i treat someone with respect, or defend him when i believe he is being unfairly attacked, or i give him some blowback tools, is not correlated with my belief in his veracity.

There should be absolutely no doubt in your mind who i consider a flake on this forum.
i thank you for such words, but 1) he is a flake, not me, i am not trying to prove anything here, i just answered someones question. 2) if i win or not it is my account where i can see it not in that jerkīs understanding. 3) he never answered the questions i made, he focussed on attacking my words, i understand he is only trying to justify the fact that he is a looser and doesnt know a **** about trading, the only way he can do it - a very human reaction - is to probe everyone else is a looser too.
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Old Jan 22, 2011, 6:03pm   #231
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Re: Full time trading does it really pay

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Originally Posted by fayalac View Post
Well...., why dont you explain to me?
If you're risking 0.3%, thats means on that trade you're max loss is 0.3% of your account balance. This guy went to Howard's school of Risk:Reward. If i risk 0.3% which is actually 18%, but if its a winner, i actually risked 100%.

Last edited by brettus; Jan 22, 2011 at 6:15pm.
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Old Jan 22, 2011, 6:20pm   #232
 
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Re: Full time trading does it really pay

No, in fact it works on a different way.
I risk max 0.3% of my equity at each trade ( 3 usd out from each 1000 usd ).
I use no stop or limit, and not because of the nfa rules, because my account is in england i can use both of them, but i dont do it because i dont care if i have some pips against me while my trend is still lined into my direction.
If the trend change then i can 1) close that position with whatever a profit of loss it can have, 2) start my plan b or c - in such case -.
Basically i am trend chaser, i have had positions loosing 300 or more pips but since my trend hasnt changed i stick to it and eventually profit from that position.
Anyway at a previous post i said i closed a couple of positions loosing about 600 pips three weeks ago, with my rule (0.3%) i lost only 18% of my account but that same week i had a lot of winning positions so i closed the week winning 620 pips, if my invstment were higher than what i do i could be margin called.
Anyway, its not often that i have such situations, for example last week at some time i had won about 600 pips but i had some loosing positions with a total of -780 pips my net effect was -180 pips ( 5.4% of my equity - a small drawdown -), that was wednesday, i reviewed all graphs and decided there was no need to implment plan b so i sticked, thursday evening i had won 1,060 pips without open positions, it was friday when i decided to enter into a couple of positions, the first one was closed with 12 pips (very small but the trendline was starting to show signs that it would change) and the other one is actually loosing 98 pips but my trend is basically the same so i stick to it.
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Old Jan 22, 2011, 6:23pm   #233
 
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Re: Full time trading does it really pay

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Originally Posted by brettus View Post
If you're risking 0.3%, thats means on that trade you're max loss is 0.3% of your account balance. This guy went to Howard's school of Risk:Reward. If i risk 0.3% which is actually 18%, but if its a winner, i actually risked 100%.
Please show me where I said that. I'll then correlate it with what I was on at the time.
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Old Jan 22, 2011, 6:23pm   #234
 
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Re: Full time trading does it really pay

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Originally Posted by HowardCohodas View Post
What a convenient memory you have, my dear. I've accused you repeatedly of flying a false flag.

Whether I believe him to be a flake or not is not possibly known by you. Just because I treat someone with respect, or defend him when I believe he is being unfairly attacked, or I give him some blowback tools, is not correlated with my belief in his veracity.

There should be absolutely no doubt in your mind who I consider a flake on this forum.
Howard - like I said - you've never asked me where I am from. You still haven't.

What flags the T2W software puts against my name is beyond my control.

You still know so little about trading that you are actually considering the guy in question might be genuine.

This makes you a fool, Howard. Plain and simple.
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Old Jan 22, 2011, 6:25pm   #235
 
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Re: Full time trading does it really pay

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Originally Posted by dionysustoast View Post
howard - like i said - you've never asked me where i am from. You still haven't.

What flags the t2w software puts against my name is beyond my control.

You still know so little about trading that you are actually considering the guy in question might be genuine.

This makes you a fool, howard. Plain and simple.
fool?, you ****ing idiot?, why dont you explain us what you do to pīrofit, in case you do?
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Old Jan 22, 2011, 6:27pm   #236
 
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Re: Full time trading does it really pay

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Originally Posted by brettus View Post
If you're risking 0.3%, thats means on that trade you're max loss is 0.3% of your account balance. This guy went to Howard's school of Risk:Reward. If i risk 0.3% which is actually 18%, but if its a winner, i actually risked 100%.
SO, IF MY METHOD IS SO BAD, WHY ARE YOU WORRIED?, IF YOU HAVE RISKED A 100% (I DONT THINK SO) THEN YOUR METHOD IS SO GOOD THAT YOU SHOULD BE SIPPING PIŅAS COLADAS AT SOME CARIBBEAN BEACH INSTEAD TRYING TO FIND IF I AM DOING WHAT I SAY I DO, DONT YOU THINK SO?
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Old Jan 22, 2011, 6:31pm   #237
 
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Re: Full time trading does it really pay

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Originally Posted by fayalac View Post
No, in fact it works on a different way.
I risk max 0.3% of my equity at each trade ( 3 usd out from each 1000 usd ).
I use no stop or limit, and not because of the nfa rules, because my account is in england i can use both of them, but i dont do it because i dont care if i have some pips against me while my trend is still lined into my direction.
If the trend change then i can 1) close that position with whatever a profit of loss it can have, 2) start my plan b or c - in such case -.
Basically i am trend chaser, i have had positions loosing 300 or more pips but since my trend hasnt changed i stick to it and eventually profit from that position.
Anyway at a previous post i said i closed a couple of positions loosing about 600 pips three weeks ago, with my rule (0.3%) i lost only 18% of my account but that same week i had a lot of winning positions so i closed the week winning 620 pips, if my invstment were higher than what i do i could be margin called.
Anyway, its not often that i have such situations, for example last week at some time i had won about 600 pips but i had some loosing positions with a total of -780 pips my net effect was -180 pips ( 5.4% of my equity - a small drawdown -), that was wednesday, i reviewed all graphs and decided there was no need to implment plan b so i sticked, thursday evening i had won 1,060 pips without open positions, it was friday when i decided to enter into a couple of positions, the first one was closed with 12 pips (very small but the trendline was starting to show signs that it would change) and the other one is actually loosing 98 pips but my trend is basically the same so i stick to it.
fayalac, I hate to be a part of any 'mob' and you probably are profitable but I can't figure out the 0.3% risk either. If you don't have a stop (mental or fixed) then in my book you are risking your entire account. If you are closing a trade with "whatever" loss it has accrued then your risk isn't a predetermined 0.3% as you imply.
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Old Jan 22, 2011, 6:38pm   #238
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Re: Full time trading does it really pay

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Originally Posted by fayalac View Post
so, if my method is so bad, why are you worried?, if you have risked a 100% (i dont think so) then your method is so good that you should be sipping piņas coladas at some caribbean beach instead trying to find if i am doing what i say i do, dont you think so?
what are you on about!???? Can i take some of whatever you're taking????
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Old Jan 22, 2011, 6:41pm   #239
 
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Re: Full time trading does it really pay

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Originally Posted by fayalac View Post
fool?, you ****ing idiot?, why dont you explain us what you do to pīrofit, in case you do?
Compliments, eh?

Actually, I'd say a good first step would be to manage the risks you take.

Your type of system has been done a thousand times before and always the end result is the same - an account balance of zero or below.

Please carry on though, it's entertaining.
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Old Jan 22, 2011, 6:42pm   #240
 
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Re: Full time trading does it really pay

These is for everyone.
Without two or three exceptions in these forum, you guys have no idea at all what these is all about.
If, as i know, most of you are looking for a trading system or method that really works, then you are aiming to the wrong direction.
When i want to know, i ask and i listen, when i have done that, then i analyze what i was told, i conclude what i can use of that and get rid of the rest, none of you have done that.
I have teached some guys - succesfull guys - to trade, and i really dont need your approval to my trading methodology, it simply works because it has a plan, it has a trigger, it has contingent measures, it pays back far than a thousand pips each week, and i know to trade, to analyze the markets, and apply technicals. Talking about pips each pip is worth 1/10 of your investment, my success rate - after plan b and c - is over 99% and that is enough for me to make a living, i went back to mexico from ukraine last december 2 and i will be in england in two months from now and i will stay there at least three months.
Its true, i have my auditing and counselling bussiness but i win a lot more at the markets than in my bussiness just because i can and i can because i know how to do it.
You can remain in fantasy island, or dreams field, or wherever you want to stay, i will be enjoying my profits and keep working at the markets.
I had a dream a lot of years ago, i used many years to find the real way to get there, i have it and that is what i am living.
So these will be my last post at these forum.
Good luck to you all.
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