Odd

tomorton

Well-known member
Feb 28, 2002
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#31
Wow, no need to be like that.

I thought this forum was for people to come share ideas and discussion topics on trading. When i joined it didnt require experience in the field.

Whats your background then.

When you joined a year ago you asked for help and you got loads of it, from me and others, all completely respectfully and freely given. Now you're already giving out advice and warnings on something you have literally and self-admittedly no experience in.

On my experience with SB, I have had SB accounts with UK-based and regulated firms since March 2003. I have run SB's continuously since that date, I have SB'ed indices, stocks, commodities and forex, I have a 5-figure account with my preferred firm and am profitable.
 
Jan 15, 2017
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#33
When you joined a year ago you asked for help and you got loads of it, from me and others, all completely respectfully and freely given. Now you're already giving out advice and warnings on something you have literally and self-admittedly no experience in.

On my experience with SB, I have had SB accounts with UK-based and regulated firms since March 2003. I have run SB's continuously since that date, I have SB'ed indices, stocks, commodities and forex, I have a 5-figure account with my preferred firm and am profitable.

Respect. I am looking for a mentor how much do you charge.
 

brewski1984

Well-known member
Sep 9, 2010
2,027
343
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#36
You’re sounding like a guy who loaded up big stakes and got burned regulator? Do you feel it was the bucketshops fault you lost because they allowed you to lose it or do you feel it’s your fault you lost it?
 

FXX

Well-known member
Oct 12, 2017
1,130
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#37
Everyone has commented on brokers but not a single post about the obvious. You are just a drop of water in a very big ocean.

What is the reason you are entering the trade and what is your trade plan?

If you are entering a trade based off charts alone then ask yourself this. Can everyone else see what I am seeing without requiring a special configuration of indicators and or price structure? My point is you need to align your expectations with the way you are trading. If you want to be in a position where the trades you enter have a better chance of success then you need to operate in a framework like the professional traders.


Sent from my SM-G950F using Tapatalk
 
Jan 15, 2017
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#38
You’re sounding like a guy who loaded up big stakes and got burned regulator? Do you feel it was the bucketshops fault you lost because they allowed you to lose it or do you feel it’s your fault you lost it?
I think everyone posting here has got burned first no? No one immediately become professional and before transitioning to be profitable. Even your self I imagine. You didnt get burned ?

It might take me a few good years before people get profitable depends how much your willing to take a hit before giving up or continuing, so in the mean time I feel its okay for me to bitch about the losing and take it out on the provider and market.

The SB provider is at fault to some extent, allowing a noobie to use high leverage. What kind of responsible provider is that?

I am also at fault for being inticed by the great promotional ads about SB. Were all consumers when it comes to marketing products. You see it and you like it, you go and buy in to it.
 
Jan 15, 2017
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#39
You’re sounding like a guy who loaded up big stakes and got burned regulator? Do you feel it was the bucketshops fault you lost because they allowed you to lose it or do you feel it’s your fault you lost it?
Lets not forget bucketshop is like your William hill bookies. They are there to take your money and not the other way around.
 

tomorton

Well-known member
Feb 28, 2002
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#40
I think everyone posting here has got burned first no? No one immediately become professional and before transitioning to be profitable. Even your self I imagine. You didnt get burned ?

It might take me a few good years before people get profitable depends how much your willing to take a hit before giving up or continuing, so in the mean time I feel its okay for me to bitch about the losing and take it out on the provider and market.

The SB provider is at fault to some extent, allowing a noobie to use high leverage. What kind of responsible provider is that?

I am also at fault for being inticed by the great promotional ads about SB. Were all consumers when it comes to marketing products. You see it and you like it, you go and buy in to it.

Personally, I never got burned, but I did used to be a poor trader.

I actually agree the SB firms could do so much more to guide new clients, and said as much in my response to ESMA on proposed regulation. There's a lot of options they have open to help new traders and guide them past dangerous mistakes, and they could do these things cheaply and easily and should do so without the need for legal compulsion if they valued the long-term relationship. But, I suppose they're short-termists.

Then again, when I drive away from Majestic with another 2 dozen bottles of wine, or Sainsburys with half a dozen pork pies, they don't say to me, oh that's perhaps enough for this year don't you think? So maybe the SB firms aren't really worse than anyone else trying to make money from us.
 
Jan 15, 2017
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#41
Personally, I never got burned, but I did used to be a poor trader.

I actually agree the SB firms could do so much more to guide new clients, and said as much in my response to ESMA on proposed regulation. There's a lot of options they have open to help new traders and guide them past dangerous mistakes, and they could do these things cheaply and easily and should do so without the need for legal compulsion if they valued the long-term relationship. But, I suppose they're short-termists.

Then again, when I drive away from Majestic with another 2 dozen bottles of wine, or Sainsburys with half a dozen pork pies, they don't say to me, oh that's perhaps enough for this year don't you think? So maybe the SB firms aren't really worse than anyone else trying to make money from us.
Fair point.

Although, I dont think we can compare SB with food stores. You need food to live so its pretty important you visit your majestic or sainsbury regularly/frequently. But you dont need to trade to live, so nothing wrong in limiting the number of visits or use of SB platform.
 
Jan 15, 2017
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#42
Hi All

Just a quick one like many others I see the market move quickly against you the second a trade is placed.

Happens all the time and never in my favour, however today as usual the same happened and seeing a move happen on the AUS/USD I placed a trade both sell and forced buy to have 2 positions in opposite directions and guess what no movement for the last hour just a tick 1 way then the other. Is it me or are IG Index playing silly buggers something I have thought fro a long while ...... Just a thought
No movement for last hour. Might be the case of you trading during low volatility. Where nothing moves for a long period. Markets are slow if your trading late at night.
 

tomorton

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Feb 28, 2002
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#43
Fair point.

Although, I dont think we can compare SB with food stores. You need food to live so its pretty important you visit your majestic or sainsbury regularly/frequently. But you dont need to trade to live, so nothing wrong in limiting the number of visits or use of SB platform.

On that basis, why shouldn't golf be subject to government regulation?
 
Jan 15, 2017
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#44
On that basis, why shouldn't golf be subject to government regulation?
I don't know what you mean. Why should we regulate golf or marketing of its product, is it bad for people. Its a sport as far as I am aware.

But trading/gambling and marketing is neither a sport but can be harmful to vulnerable people so regulation is highly needed.
 

tomorton

Well-known member
Feb 28, 2002
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#45
I don't know what you mean. Why should we regulate golf or marketing of its product, is it bad for people. Its a sport as far as I am aware.

But trading/gambling and marketing is neither a sport but can be harmful to vulnerable people so regulation is highly needed.

They're both used as pastimes by thousands of people, they can both be addictive, neither does anything for society as a whole, both can be very very expensive.

At least trading offers the possibility for the individual to create their own wealth. This enables them to use the money for worthy purposes in the community if they wish, it certainly means they have more to spend which enriches the economy, and it might even mean they are less likely to be a burden on state support.