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Anyone Trading For A Living?

AmberLynn
Jan 11 2013 at 12:40
241 posts
I still don't understand why supertrader has made his account private. By not showing your history, it reveals how big the hole is in your system.

Chikot
Jan 11 2013 at 17:05
2299 posts
Still laughing man ? 😭

supertrader91 posted:
Chikot posted:
LOL, one day people looking for consistent growth will wake up to see accounts gone. By this I mean traders who average their losses into winners or be, not guys who make $ consistently. However it is impossible to do this without losses and losing periods happen.
Consistent profits gained form refusal to take losses is one way road eventually. Market simply goes into range prices come back and people forget that prices might start moving without coming back, then trend resumes and bum! Marge is calling.


Owh haha.... 😂

supertrader91
Jan 11 2013 at 17:06
82 posts
AmberLynn posted:
 I still don't understand why supertrader has made his account private. By not showing your history, it reveals how big the hole is in your system.


Haha whatever 😇

If you work hard consistently eventually you will get it.
Chikot
Jan 11 2013 at 17:07
2299 posts
I tend to disagree. Taking money out daily? Too extreme. I would understand monthly withdraw part of earnings but not everything.

AmberLynn posted:
 To me the most important thing is not compounding. To compound successfully you really have to trade like a robot. Many people as mentioned before, can earn SUPER HIGH RETURNS in a matter of trades. Yet, by simply withdrawing what you have profited. Will assure you of not LOSING the profit, WHEN you blow your account. Margin call will happen. I have yet to see a HUMAN win 100% of his or her trades. So to earn enough money in forex in the long term. You should withdraw profits daily.

AmberLynn
Jan 11 2013 at 17:08
241 posts
Hey super... Sell eur/jpy right now, for 3 dollars a point We will fall back to 117.57 within the next 2 weeks. This is as high as eur/jpy will go. Current price is 119.116 119.42 is stop loss

Chikot
Jan 11 2013 at 17:15
2299 posts
I sense the irony. Nobody knows where this beast will go now. my guess is at least 122.00 on this leg. and 135.00 is not impossible. i will leave my half position running for now. I have seen a lot of guys being destroyed by taking contra trend trades and not sticking to their stops and especially adding to losers. This super duper is not a trader. he is a gambler. 45% in few days 😀
who is he kidding?

AmberLynn
Jan 11 2013 at 17:17
241 posts
Chikot posted:
I tend to disagree. Taking money out daily? Too extreme. I would understand monthly withdraw part of earnings but not everything.

AmberLynn posted:
 To me the most important thing is not compounding. To compound successfully you really have to trade like a robot. Many people as mentioned before, can earn SUPER HIGH RETURNS in a matter of trades. Yet, by simply withdrawing what you have profited. Will assure you of not LOSING the profit, WHEN you blow your account. Margin call will happen. I have yet to see a HUMAN win 100% of his or her trades. So to earn enough money in forex in the long term. You should withdraw profits daily.


 Well think of it this way. When you work a 9 to 5. The hours you've worked is multiplied by your hourly salary. As if to say, your GUARANTEED what you have given the company. You can do it daily or monthly. The fact is your doing it. That is something most traders don't do. We read way to much into terms which PROFESSIONALS use. The term DRAWDOWN by far is the most worthless stat ever. Only because it is a representation of the % of your account you have had in red! Yet, it doesn't tell you your avg POINTS in loss. That alone tells you how horrible your system is. Everything we fight for is POINTS.

AmberLynn
Jan 11 2013 at 17:18
241 posts
AmberLynn posted:
 Hey super... Sell eur/jpy right now, for 3 dollars a point We will fall back to 117.57 within the next 2 weeks. This is as high as eur/jpy will go. Current price is 119.116 119.42 is stop loss


 Dropping fast now, in scalpers term. :)

AmberLynn
Jan 11 2013 at 17:23
241 posts
Chikot posted:
I sense the irony. Nobody knows where this beast will go now. my guess is at least 122.00 on this leg. and 135.00 is not impossible. i will leave my half position running for now. I have seen a lot of guys being destroyed by taking contra trend trades and not sticking to their stops and especially adding to losers. This super duper is not a trader. he is a gambler. 45% in few days 😀
who is he kidding?



 Oh come on. Don't start with the 'he is a gambler' Just because a person earns 45% doesn't mean he is lucky.You even said it yourself. No one knows where it is going to go. Which means we are taking a gamble either way. The word GAMBLE isn't defined by the amount of profit or loss your going to take. It is merely defined by 'TAKING A RISK AT AN OUTCOME IN WHICH YOU AREN'T CERTAIN OF'. If I deposited 100k, and earned 45%. I would be STUPID not to withdraw the 45k profit. Tomorrow all currency pairs could be delisted to NOTHING, which means you would lose all your cash. :)

Chikot
Jan 11 2013 at 17:24
2299 posts
😲 where? It is at 119.12 right now.

AmberLynn posted:
AmberLynn posted:
 Hey super... Sell eur/jpy right now, for 3 dollars a point We will fall back to 117.57 within the next 2 weeks. This is as high as eur/jpy will go. Current price is 119.116 119.42 is stop loss


 Dropping fast now, in scalpers term. :)

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