Trading with a Full time job!

[counter_violent]

Hi Steve,

There are 3 contributors on your thread that offer nothing. I'll leave you to work out which.

 

[volante5767]

Hi Steve,

There are 3 contributors on your thread that offer nothing. I'll leave you to work out which.

Thank you Counter Violent.

 

[hhiusa]

As you want to persist, here's the general principle of winning:

The shop conducts their business for profit. Therefore, in a wager that has 2 possible outcomes, it is necessary for the shop to "influence" the outcome that causes more customers to lose than those who win. If the business is not conducted this way, the shop will go bankrupt. If you have information on what most customers are betting on and bet against them, you are very likely to win, because your interest is then aligned with the shop.

For the bookie business, the customer betting information is very likely to be private. Therefore you are unlikely to ever win without the information.

For financial markets, the betting information on the customers, maybe are available or could be inferred. Therefore there is possibility of winning if you can reliably get that kind of information. It should be obvious such valuable information would not be available easily and likely to be well hidden. If you eventually find such information, you might have a chance to succeed.

Chinese Joe how goes the lulz?

 

[EnlightenedJoe]

Chinese Joe how goes the lulz?

Going good. I think I was black on another thread. Before I know it, I could be a muslim, no ? I know, I must be a starving north korean. There, that's a tiny country. Perhaps b52's would be effective there. Then again maybe not. According to cnn my only source of news, trump will have to talk to kim instead of bombing him.

 

[hhiusa]

Going good. I think I was black on another thread. Before I know it, I could be a muslim, no ? I know, I must be a starving north korean. There, that's a tiny country. Perhaps b52's would be effective there. Then again maybe not. According to cnn my only source of news, trump will have to talk to kim instead of bombing him.

Nope, you're a Commie.

But I am far more lazy than you

The straitjacket doesn't suite me

go show us some shock-and-all

 

[foroom lluzers]

A welder eh. Mig tig stick?

On youtube its about 99% dross. Don miller's pretty good tho you might not like what you see.

Have you shown him your secret weekly options strategy ?He can just buy the options on Mondays every week , then dis spear to his day job.This way he can keep his day job and trade .


Equally you can do the same !

 

[EnlightenedJoe]

Nope, you're a Commie.

Ok Chinese hhiusa, whatever you say.

 

[wisefoolx]

Why not get away from ' shops ' and go direct to the market ? In this country I find a real reluctance to trade direct into the market away from these SB type shops, I just can't fathom why.

 

[Quantt]

Hi People.
Im Steve 49, just come for the hideous world of Binary [lost about a grand] now
to the real world of trading and CFD's!
Been studying Forex and commodities for some time now and have been recently studying CFD's too, which i really like. Probably leaning towards CFD Commodities as less volatile maybe more predictable than Forex!
Im a full time Welder in a Factory and obviously have no use of a PC or even a Mobile/ cell.
So its obvious to me any Tech Analysis is a waste of time, that luxury only afforded to people who can watch candlestick charts all day, which rules me out
I 'thought' i had found a way but seem to have lost out miserably.
My idea/strategy was this....
I found an Australian Guy on Youtube who would plot Forex pairs for the coming week on Sunday night, giving predictions and Strike rates based on His chart analysis, mainly using S and R.
I followed this for a few weeks put in my orders on Sunday night, all set up with stop loss and take profit, but it really seemed very hit and miss, some of the trades being killed by the stop loss, other orders never started because the predicted rate was nowhere near my order rate, so a failure.
Im a bit down in the dumps as ive been trying lots with no result at all.
Im not a greedy Guy and am certainly not after a get rich scheme that does not exist.
I love trading, just need a little help or idea's please.
Thank you for reading.

Hi Steve, I have 0 experience with Forex, but why not look into the stock market instead and start working on longer term strategies instead of day trading - this would be my idea if I am in your shoes...

 

[darktone]

Why not get away from ' shops ' and go direct to the market ? In this country I find a real reluctance to trade direct into the market away from these SB type shops, I just can't fathom why.

Well theres divisibility for small accounts, you can adjust your size per unit down to pennies. Favourable fills on limit orders (positive slippage). Tax-free for the vast most part. Easy to open an account and get going.

 

[wisefoolx]

Well theres divisibility for small accounts, you can adjust your size per unit down to pennies. Favourable fills on limit orders (positive slippage). Tax-free for the vast most part. Easy to open an account and get going.

Then these people can't complain about the negative shannaigans that SB / MM operators will engage in. Pros and Cons but the bottom line for me is that the house always wins .

 

[EnlightenedJoe]

Then these people can't complain about the negative shannaigans that SB / MM operators will engage in. Pros and Cons but the bottom line for me is that the house always wins .

Do you have experience of winning more by not using the shops ?

Markets will behave the same whether you use shops or not. The asset holder who lends you the asset to speculate is your true enemy. Do you imagine they are doing it for charity ?

 

[wisefoolx]

Do you have experience of winning more by not using the shops ?

Markets will behave the same whether you use shops or not. The asset holder who lends you the asset to speculate is your true enemy. Do you imagine they are doing it for charity ?

I have won against the shops and when they kicked me out for doing so, I won on the direct futures markets so the answer is yes.

Well the real market behaves one way and MM / shop quotes behaves another is the best way I can put it.

 

[EnlightenedJoe]

I have won against the shops and when they kicked me out for doing so, I won on the direct futures markets so the answer is yes.

Well the real market behaves one way and MM / shop quotes behaves another is the best way I can put it.

How much did you win to cause them to kick you out ?

 

[darktone]

Then these people can't complain about the negative shannaigans that SB / MM operators will engage in. Pros and Cons but the bottom line for me is that the house always wins .

But they can and will complain, its what most people are good at . Its much easier to blame the other side than evaluate your own efforts from a neutral standpoint.

Bottom line for me is beliefs trumps reality 99% of the time.

http://www.trade2win.com/boards/spread-betting-cfds/182926-other-side-screen.html

 

[EnlightenedJoe]

Well the real market behaves one way and MM / shop quotes behaves another is the best way I can put it.

Shops use derivative self-roll-over contracts. These are naturally quoted differently than futures contracts. The prices the shops use gyrate above and below the futures prices. I don't believe the shops can go too far out of whack before they get hit by arbitraging.

 

[darktone]

I have won against the shops and when they kicked me out for doing so, I won on the direct futures markets so the answer is yes.

Well the real market behaves one way and MM / shop quotes behaves another is the best way I can put it.

How where you playing? The only time ive had a problem with OTC is if I was taking the **** with their pricing. :innocent::cheesy:

 

[EnlightenedJoe]

The only time ive had a problem with OTC is if I was taking the **** with their pricing. :innocent::cheesy:

Do you mean like you do them a photoshop job and they go nuts ?

 

[darktone]

Do you mean like you do them a photoshop job and they go nuts ?

No I mean trading on close B book fill stops and getting to BE ASAP with size joe.

As my rocket fart propelled space exploring friend might say.

Also you haven't mentioned how much you have lost prior to winning the 5k. At a guess, I don't imagine the whole picture to be pretty because the bucketshops have significantly greater edge than casinos. They or their chums can just move the price - akin to picking up the ball and moving it in roulette.

I don't believe the shops can go too far out of whack before they get hit by arbitraging.

you funny guy :smart:

 

[EnlightenedJoe]

No I mean trading on close B book fill stops and getting to BE ASAP with size joe.

What's close b book fill ?

The shop price is based on futures price, but not exactly same as the futures price. If they wanted to move the shop price, they can move the futures price. I think you just don't understand how it works.