Tottenham Riots

[jthetrader]

I hope that they appreciate that the UK helped over this latest financial crisis that they had, to the tune of several billions. After all, it was a Euro zone problem and the UK is not in it. Not much help from the Boston clique that time.

I'm sure that this has little to do with Tottenham-

True, I said that and I was shouted down by classmates (many of whom have Irish blood). I said, they wanted their independence so badly and now they have it, let them lie in the bed they made for themselves, or let their American brothers bail them out. They were too good for England 90 years ago and now they come begging for a bailout.

 

[Pazienza]

I'm sure that this has little to do with Tottenham-

Neither does this, but ***** it is easy money out there today.

4 trades, 3 win 1 loose, up 8.9% of my account.

 

[jthetrader]

Neither does this, but Jesus H Motherf***ing Christ it is easy money out there today.

4 trades, 3 win 1 loose, up 8.9% of my account.

Can I ask how big your account is (or how big it was prior to going up 8.9%)? I just want to gauge how much most people are trading with?

 

[Pazienza]

Can I ask how big your account is (or how big it was prior to going up 8.9%)?

Sure you can ask. Doesn't hurt to ask, right?

This is my first year trading for a living. As I pass certain milestones I'm feeding in more capital gradually.

I was intending to fully commit by the end of the year, although it's going so well I might be all in some way before that if things continue the way they're going.

I'm still doing this part time, with the plan being to go full time in January 2012.

 

[the hare]

I suppose they used all the cats for target practice.

There's definatly no shortage of feral cats, birds are still mainly used for target practice although theres a few people been shot too recently.

 

[jthetrader]

Sure you can ask. Doesn't hurt to ask, right?

Shouldda seen that coming shouldn't I?

This is my first year trading for a living. As I pass certain milestones I'm feeding in more capital gradually.

Well good luck. I notice you joined in January, wasn't a New years resolution was it lol?

I was intending to fully commit by the end of the year, although it's going so well I might be all in some way before that if things continue the way they're going.

I'm still doing this part time, with the plan being to go full time in January 2012.

Yeah so is the pay-off considerably greater if you do it full-time? I mean your finger is on the pulse if you can monitor things second-by-second and there are no additional work commitments.

What, in very general terms, is the kind of return you aim for in a week or a month? I'm presuming once you cease feeding capital in from elsewhere (e.g. savings or other earnings) you will try to make enough to grow your capital base above the rate of inflation and be able to withdraw enough to live on? E.G. try to make £4 grand a month, £2,500 to live on and £1,500 to add to your capital?

Do you think, with a small amount of capital (less than £50gs) 1% a week at least 3 weeks out of 4 is doable (assuming an equal loss a 3% a month return?).

 

[pboyles]

And eat potatoes, of course. That's why they emigrated. I wonder where we would be today if Jack Kennedy had been the president of Ireland in 1964?

Tell me if I'm getting off topic.

Well if Joseph Kennedy had been president of Ireland in 1940 they'd have joined the war on the side of the Nazis. Of course as it was many of them co-operated with the Nazis, though many others fought in the British army. The IRA spent the war seeking assistance from the Nazis whilst carrying out a largely unsuccessful terrorist campaign.

 

[Pazienza]

Shouldda seen that coming shouldn't I?

Probably

Well good luck. I notice you joined in January, wasn't a New years resolution was it lol?

Moving swiftly on...


Yeah so is the pay-off considerably greater if you do it full-time? I mean your finger is on the pulse if you can monitor things second-by-second and there are no additional work commitments.

I suppose so. Work is something of a distraction, although most of the time monitoring the market is not really a problem.

What, in very general terms, is the kind of return you aim for in a week or a month? I'm presuming once you cease feeding capital in from elsewhere (e.g. savings or other earnings) you will try to make enough to grow your capital base above the rate of inflation and be able to withdraw enough to live on? E.G. try to make £4 grand a month, £2,500 to live on and £1,500 to add to your capital?

I don't have targets, particularly for short periods like a week or a month. But just for the sake of putting a number on it, I'd be happy with a weekly average of 2.5%, and over the moon with 5%. I have been averaging 6% per week.

I'm intending to split it into three: part of my profits would be for living, part for compounding, and part for investment for future income. So it's quite a tall order.



Do you think, with a small amount of capital (less than £50gs) 1% a week at least 3 weeks out of 4 is doable (assuming an equal loss a 3% a month return?).

1% net a week should be more than doable. Assume you risk 1% per trade, that's just one or two good trades per week.

 

[jthetrader]

1% net a week should be more than doable. Assume you risk 1% per trade, that's just one or two good trades per week.

Really? As in it is not newsworthy for someone to make a 1% return doing this? Why doesn't everyone do it then? Obviously there has to be a loss to every gain, but....1% a week sounds mad.

So I can tell my dad he can retire now, he just has to sit and stare at a computer screen all day; which is what his job is anyway.

Do you make use of any kind of credit? If you had £50k to start with and you are risking £50k per trade (i.e. £500 down @ 100 fold leverage), so you go down £500 (assuming your stop loss isn't exceeded). Now 1% of your portfolio is just £495; so you would either have to break your own rule (admittedly by a tiny amount here) or top up by £500?

If you carry out a trade and lose £500, do you just go in and do it again in the hope of getting back to evens and then quit once you're one trade (i.e. 1%) ahead? So if you make one winning trade you just chill for the remainder of the week?

 

[jthetrader]

If you're doing 6% a week, assuming you drop your at-risk amount as your capital grows you shouldn't suffer too much of a fall even when the market turns against you? 6% a week compounded over the year is almost a 2,000% return. Of course you can't go up by 6% a week every week (if you can I'd be utterly amazed).

In the end it seems like, so long as you have the capital to use (i.e. not trading everything all at once), if you can find a way to limit downside compared to upside you can't lose (i.e. never down by more than 3% and always up by at least 3%; assuming relatively even distribution of up weeks and down weeks+good credit facility). Options??? Unlimited upside with limited downside? It's just a little capital intensive.

 

[jthetrader]

Well if Joseph Kennedy had been president of Ireland in 1940 they'd have joined the war on the side of the Nazis. Of course as it was many of them co-operated with the Nazis, though many others fought in the British army. The IRA spent the war seeking assistance from the Nazis whilst carrying out a largely unsuccessful terrorist campaign.

Nazis were witth the IRA; you know the more I hear about the Nazis the less I think of them

 

[Pazienza]

Really? As in it is not newsworthy for someone to make a 1% return doing this? Why doesn't everyone do it then? Obviously there has to be a loss to every gain, but....1% a week sounds mad.

So I can tell my dad he can retire now, he just has to sit and stare at a computer screen all day; which is what his job is anyway.

Do you make use of any kind of credit? If you had £50k to start with and you are risking £50k per trade (i.e. £500 down @ 100 fold leverage), so you go down £500 (assuming your stop loss isn't exceeded). Now 1% of your portfolio is just £495; so you would either have to break your own rule (admittedly by a tiny amount here) or top up by £500?

If you carry out a trade and lose £500, do you just go in and do it again in the hope of getting back to evens and then quit once you're one trade (i.e. 1%) ahead? So if you make one winning trade you just chill for the remainder of the week?

1% a week on average isn't anything extraordinary, although it will certainly do. The larger you get the harder it becomes, but then again the cash return gets bigger, so who cares about percentages.

Yes, I reduce my position on the trade following a loss.It's always a set % of my account.

As to why everyone doesn't do it? It's very hard to do anything when it comes to trading, but once you can do something, you can do a lot. Millions come easier than hundreds I suppose, like the man said.

 

[Atilla]

Cameron v Clegg???

I'm confused. Why would they both be off on holiday at the same time? Bad management or simply poor planning?

I reckon Clegg has left this one on a plate for the big man him self.

Where is the labour leader or the opposition party? Rubbing his hands with glee perhaps?

Re: rioting on the streets and before someone says I'm a socialist - I'd be hiring some of Assad's snipers right now.

On one side of the world people simply have no rights and on the other so called civilised world with supreme human rights people simply have too much freaking rights.


Police have a job which is impossible to carry out. If it takes 4 officers to restrain these thugs humanely without damaging their fragile wrists - then they are clearly out numbered.

I'd send in the army - what's left in the UK and intern the lot of them anyway. Lockem up, beat the ****s out of their attitude - intern them. Give them some drill and tough love and then release them if they opt to do some community service returning to barracks for more drill and discipline until their attitude is more amiable.

I wouldn't bother with the judicial courst feeding fat freaking rich lawyers with tax payers money only for them to be given more state benefits at a time when we can't afford them.

I guess this will not happen but is no doubt another perfectly good solution amongts hundreds others...

I also wonder where the English Defence League is at these moments. One would think it would be a real vote winner for them to organise and go in for good bit of kicking. This is way OT but hey it's a dog eat dog world. I'm not a fascist.

Then we may see our leaders get a real wake up call.



Also I see nothing wrong with drugs or prostitution. Celebrities and leaders use these services everyday? By making it illegal we are pushing such people into the hands and protection of the unscroupules characters in society.

Authorities can supply the whole of UK need for approx £50m and alleviate all secondary crime and everything associated with the underworld but they choose not to.

 

[Hotch]

After Boris sent those muggers running, I have had my suspicions. If when he gets back the rioting stops it'll be confirmed. Boris is a super hero.

 

[scose-no-doubt]

riots have somehow spread to toxteth now lol.

 

[counter_violent]

riots have somehow spread to toxteth now lol.

No surprize there.

We could start a list of where next or likely.

Moss side:!:

 

[Jason101]

The kids always get a bit restless and over exited during the school holidays

 

[counter_violent]

The kids always get a bit restless and over exited during the school holidays

Clearly you don't live in or near any of these places.

 

[Jason101]

clearly you don't live in or near any of these places.

completely wrong!!!!!!!!!!!!.

 

[Pazienza]

Can't believe how out of hand this sh1t has got. It really is time to allow the forces of law and order to get on top of this now.