I was not the OP, I think you have me confused with him but what I said was pretty arrogant, so apologies but I expected there to be a lot more people here making more than 500 quid a week.
fayalac I read this whole thread. I think you answered pretty well even though you got a lot of questions. One thing that stick out though is your stop loss strategy. Could you please explain? You say you can even hold on for weeks? That seems pretty risky to me.
I do not really like using stop...
50-100 usd per pip. 2+ trades per day.
Target is 2k per day, 10k usd per week. Total blocked margin is 117k now . I have 4* that in reserve that I use for equities. I actually buy equities with zero leverage, do not spread bet. Although I am out of equities almost totally for now.
I still do...
Interesting thread, I was googling how much people trade per pip and came across this thread. I also found an indian thread where people bet like 30 cents or something :) Not belittling people who bet small amounts but I think it is better to bet a decent amount per pip for the following.
I...
Also I seem the reocurring theme in the OP post about trying to time the market. It is a mistake to do what you feel rather than trade what you see. I would like to short gold, the DOW and almost anything now but I know the old addage that the markets can stay irrarional longer than you can stay...
Trading is pretty addictive, I am neglecting my business now but hey it is between Xmas and NY now so everyone is in zombie mode and I am also rather quiet so my employees must be wondering what is going on :)
I have vowed to trade the daily charts in the future because I do not want to neglect...
From what I heard and read swing traders make more money than day traders. Buy low sell high. Say you were to get in long on the USD/CHF, or the USD/JPY sometime soon you could just leave that trade on and check it once a day for 1 or 2 months and potentially make some nice profit of a few...
I hated taking small change, especially after paying for the spread. My bets got bigger and bigger and today I got stopped out and lost 10k on oil.
I am going back to a more conservative approach now but still hate taking small bits here and there. You can never make it big like that IMO.