Brewski's Leverage Abuse

This is a discussion on Brewski's Leverage Abuse within the Trading Journals forums, part of the Reception category; Some how this gambling is turning into trading....

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Old Aug 3, 2017, 8:59pm   #61
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Some how this gambling is turning into trading.
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Old Aug 4, 2017, 4:16am   #62
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brewski1984 started this thread Disappointing to see that I've been taken out of the trade I really thought that was going to be at least 2k but now my account stands at a profit since the start of the journal. I will leave usd/jpy alone now and see how big of a position I can accumulate on gbp/usd but I don't think there will be much movement before NFP so I doubt it will be a lot. Guaranteed stops also have their minimum distances increased around news releases so I will be limited today. I completely understand why they do this but to me it seems unfair to make you pay a premium and then also force a large minimum stop distance.

Just put in a cheeky little £2 a point buy on gbp/usd.
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Old Aug 4, 2017, 8:24am   #63
 
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Disappointing to see that I've been taken out of the trade I really thought that was going to be at least 2k but now my account stands at a profit since the start of the journal. I will leave usd/jpy alone now and see how big of a position I can accumulate on gbp/usd but I don't think there will be much movement before NFP so I doubt it will be a lot. Guaranteed stops also have their minimum distances increased around news releases so I will be limited today. I completely understand why they do this but to me it seems unfair to make you pay a premium and then also force a large minimum stop distance.

Just put in a cheeky little £2 a point buy on gbp/usd.
Go on Brewski, us gamblers gonna make those bucks today.
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Old Aug 4, 2017, 9:49am   #64
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brewski1984 started this thread Up to £10 a point gbp/usd now but stop is quite close, just need to sit around and wait for NFP to work its magic later on then the milky bars will be on me

Once I get a few grand in my account I'll be increasing risk/stake sizes, I'm sure £10 a point is literally chump change to some of you guys out there
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Old Aug 4, 2017, 10:04am   #65
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I'm sure £10 a point is literally chump change to some of you guys out there
I am not on your level. £1-£2 is the best I can manage until I feel like gambling.

You swing it big.
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Old Aug 4, 2017, 10:05am   #66
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brewski1984 started this thread You're just scared Joe you need to man up
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Old Aug 4, 2017, 10:10am   #67
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Obviously I am man'ed up in a different way. I prefer great freedom for manoeuvring.
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Old Aug 4, 2017, 10:19am   #68
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brewski1984 started this thread You might be able to play forever but you don't make millions by grinding 1p a point, you enjoy your kebab I'm going for the Ferrari and massive yacht
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Old Aug 4, 2017, 10:20am   #69
 
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Up to £10 a point gbp/usd now but stop is quite close, just need to sit around and wait for NFP to work its magic later on then the milky bars will be on me


Pinkies crossed for ya mate
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Old Aug 4, 2017, 10:25am   #70
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You might be able to play forever but you don't make millions by grinding 1p a point, you enjoy your kebab I'm going for the Ferrari and massive yacht
Actually, I make 5.6k yesterday, double the 2k you are seeking. I don't need ferrari. I am content to have a fair salary.
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Old Aug 4, 2017, 10:31am   #71
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brewski1984 started this thread You obviously already have a lot more money than me
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Old Aug 4, 2017, 10:35am   #72
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You obviously already have a lot more money than me
No, I started with less. It was persistent work that allowed me to build. Trading is unusual in one respect, once you get it. There's no more work after. After 5+ years of 24/7 hard work, now I need to do no more work and I still make money.
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Old Aug 4, 2017, 10:37am   #73
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brewski1984 started this thread so you made 5.6k from less than a £200 account?
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Old Aug 4, 2017, 10:39am   #74
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so you made 5.6k from less than a £200 account?
No, the account came from small amount originally. Now it's bigger. I did say I wasn't a gambler. The size could only grow if there was minimal gambling.

The point is that doing trading may have greater potential than gambling. As the size grows so will the profit.
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Old Aug 4, 2017, 1:28pm   #75
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brewski1984 started this thread Here we go, I'll be cleaned out by 13:30:02pm
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