Day Trading & Forex Forum

cofton

Unusual figure 12 years, why specifically 12 ? And I doubt anyone could sustain 18 hours per day at the pc. It would drive me nuts lol

Very impressive profile though Depth Trader, I take it you have another 7 years to go then as your trading experience is 5 years.

Let's hope you make it before then and I wish you luck.

__________________


The Possibilities Are Endless......

Loss Of Opportunity is Preferable To Loss Of Capital

The Market Will Always Provide You With Another Opportunity But It WILL NOT Provide You With More Capital !

Depth Trade

Hello cofton,
12 years is taking all variables into account. One can know what needs to be done to make money, but not be able to precisely apply it. Dealing with platforms, people and the problems that need to be worked out are endless. Hence 12 years.
This has also given you time to trade your system through more terrain.

__________________
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson)


OZ

cofton

Hi Depth Trade

I understand where you're coming from but I feel (for me anyway) that 12 years is far too long. As a system goes through more terrain then the system is constantly changing, there is never enough time.

I agree that the problems or issues that need to be worked out are endless and we should adapt ourselves as we go along as none of us can possibly foresee where the market is going to go. We can only speculate, calculate, guess, apply systems or methods or strategies or whatever it is that suits you as an individual trader but at the end of the day the market will do what the market will do and we are powerless to stop it. We are all trying to minimise risk and at the same time make as much as we can or reach our target exit.

Hence this is why I think 12 years is too long, most of us would give up if we ever thought it would take this long in my opinion.

But respect to you, it's a long road and I am sure to will go from success to more success.

I wish you the best in health, wealth and happiness.

Cofton

__________________


The Possibilities Are Endless......

Loss Of Opportunity is Preferable To Loss Of Capital

The Market Will Always Provide You With Another Opportunity But It WILL NOT Provide You With More Capital !

Depth Trade

It matters which path you want to take. If you want to be like Flipper, making thousands of trades a day, you have to be in front of the screen. You could trade over a phone into a pit, but you'd still probably be watching a screen, just because you can.

I personally am sick of the computer, would much rather have personal contact.

__________________
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson)


OZ

Depth Trade

12 years is specifically for Forex. Currency is a beast unlike anything ever seen before, only man could create it.

Cofton, what platform are you using? What are you trading and what is your leverage set at?

__________________
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson)


OZ

Depth Trade

The best advice I can give to you is, close your currency account. Then contact me.

__________________
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson)


OZ

Depth Trade

This above quote highlights all.

When trading on a leveraged account your minimul target parameters stay the same, but your risk tolerances increase.

This is the great unkown and why we lose. Murphy's law is increased by the same amount as your leverage. X20, x30, x40 , x50 Take your pick.

__________________
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." (Thomas Jefferson)


OZ

cofton

I have been trading the FTSE (which has been a nightmare of late lol)

I am at present trying to be involved in Forex (GBP/USD, EUR, YPN) but still trying to get me head round it. I keep hearing these great returns of 100 pips here and 150 pips there.

Scalping and/or small returns often suits my style of trading, in quickly and out quickly if possible but as you say this means spending all day at the pc.

I do not think spending all day at the pc is healthy.

Whatever you're doing sounds healthier to me

__________________


The Possibilities Are Endless......

Loss Of Opportunity is Preferable To Loss Of Capital

The Market Will Always Provide You With Another Opportunity But It WILL NOT Provide You With More Capital !