So Mr TradeSMART - when do you reveal the name of your website & fees for this amazing system ?
When you sprout wings and start flying like a bird. And, not a day sooner.
No more countries looming into defaults
No country announcing a suprise interest rate change
No central bank intervention of any type
etc.
Wow. No wonder 90+% fail. If this is all you know about trading, then you only confirm the Sine Wave - no Transform necessary, lol! Each one of these is mathematically canceled (or, did you not already learn that in school) by the very same premise that you use to assert them, lol!
I mean, at the very least, think aloud your own premise before you use it. The exact mathematical inverse of each one of these elements has a 50% chance of occurring - therefore, canceling the weight of the probability that any of them will have a negative impact on positions already taken. You assume the negative inverse relationship on something that has an equal chance of never happening in the first place. That is the very definition of the word: MOOT.
I thought you said you understood mathematics.
I would be most interested to hear how the correlations you mathematically calculate manage to cater for what's happening in all of those central banks in all of the countries whose currencies you trade.
Wow. With each post, you expose your true knowledge after feigning to be in the know about how things work in this business.
Take another look then do your own homework. How many trades do you see open. If you saw only one trade open THEN then negative inverse relationship becomes 'meaningful' and the probability for adverse impact increased geometrically. However, Risk Mitigation is my middle name and Risk Mitigation is my FIRST responsibility as a Trader, profiting is a distant SECOND.
Until you learn that you must protect your capital FIRST, you will never graduate from Novice Trader, to Professional Trader or Expert Trader. Defend your turf FIRST, then figure out how to generate a profit, SECOND. I will let you learn the rest, since you know so much about my system.
As it is - the most likely explanation is as follows:
1 - you are here selling something
Yes, you got me.
I have been caught red handed selling you something. I am selling you Common Sense with an immediate (at the time of purchase) 100% cash back rebate. Now, given your mathematical prowess, can you calculate exactly how much my offer of Common Sense will cost you at the time of purchase?
Correct. I am not a Trader. I am a Private Money Manager of my own Funds and I don't want the responsibility of managing anyone else's. When you graduate, you will begin to see the distinction between being a pure Trader and a pure Money Manager. I manage positions 5 days per week. I only trade, 1 day per week for less than 30 minutes. I make strategic decisions about which position "stays" and which position "goes home earlier" for Easter Vacation. I hire positions and I fire positions every week.
I've hired 17 positions last Friday and all of them have been posted here. If two of them continue to fail to perform, I'm going to fire them. Why? Because I am their "Manager." Not their "Trader." I don't trade them - I manage their careers. If they want to make it in this business under my management, then they have to perform according to my expectations, else - they hear these words before the end of the week:
You Are Fired.
And, they know I mean business.
Now, what exactly do you do?
3 - your $9K->$14 million in 6.75 months is just newbie baiting
And, what were my posts BEFORE you asked me to post trades - newbie bating, too? You seem to have a selective memory. When I post jewels that smart newbies can use to accelerate their learning curve, you ignore it. When I post trades and discuss my own performance, you call it newbie bating. You seemed a bit confused - is there a reason why?
Is it your fear that all Newbies of the world, will run right out and open up accounts, each with $9k and start trading at a feverish pitch? Are you concerned that Newbies of the world will unite under one $9k roof? Again, your entire premise seems a bit confused and a bit odd. You assert bizarre commentary having absolute nothing to do with the topic: "Has anyone traded the forex market and made money?"
Why not get back on topic, post YOUR trades here and show the OP how YOU have engaged the forex and actually made real money. Where are your trades - I don't see them here?
Interestingly, I note that despite you being an expert in this field, that you only have $470k equity in trade yet you say that someone should have $5.5M equity in trade after 6.75 months.
Wow, again. As if every single trade comes with the exact same probability for success. You really do have a lot to learn, here.
Part of Risk Mitigation, is knowing WHAT to trade, not just knowing HOW to trade. You should have learned that in the University of Hard Knocks. Apparently, you never graduated from this Trading University. Quite possibly still in the High School of Hard Knocks, which just about explains the level of your rebuttal thus far. I risk what the system tells me to risk. That's why I use a system to begin with. If you are going to ignore your own system, why spend years developing one.
It is called Discipline. A Thesaurus might help you here.
You have already assumed yourself directly into a Black Hole, so why not just quite while you are behind, instead of putting your self even further in the rear with the gear.
The word is: Experienced. YOU need to get smart and learn the differential.
...here's a bonus puzzle. Seeing as I am nought more than a collection of subatomic material and you are so smart. Perhaps you'd like to tell the crowd what colour underpants I'm wearing right now.
In your case (LOL!) you probably don't wear them at all. :cheesy:
Now, show your work and stop stalling. Post your 10 trades. You don't get to call someone else out, have them slap you with a 17 pair profile, while walk (run) into the sunset. You've had ample time now to get the job done. Or, maybe, you are neither a Trader nor a Money Manager? Of course, this would explain everything you've written thus far.
Your biggest problem is that you are an arrogant, overly assuming novice, unable to recognize the core essentials that allows one to graduate from mediocrity to genuine market level resourcefulness. Once you get beyond the arrogant assumptive stage in your career, you will see the need to take the subject matter of Risk Mitigation seriously enough to understand the wisdom of what has been written here.
Attacking someone you don't know, out of the clear blue, based on things you can't possibly understand, is foolish at the very least. I can tell from what you have written here, that you do not yet fully understand what consistency in this business means, yet. However, there is hope, but not for the blind and certainly not for the one unwilling to lay down the hard core time, energy and effort into this business, necessary to be truly successful.
And true success by definition means the ability to walk into the market and extract from it precisely what your target goal requires over time. If you can do that, THEN you are truly successful, regardless of how much money you make here. The point is not how much you make, the point is whether or not you are sustaining the goals that YOU set for yourself.
If you are not making that kind of progress, then I respectfully submit to you that you are still a novice in need of more education about how this thing works. And, to that end, I truly hope you have learned something here.
TradeSMART by systematically Managing your positions. :smart:
