GBP who blames whom ?

MC85 posted:

tradfred posted:
That is what I think. Many take advantage of the 'winning wave', but it is not the fate of small traders. Is there a way to predict these crash?

I don't think we can predict these crashes. It's out of the scope of the small individual trader... But even the big fishes are getting hit by surprise.

You're right about this.

@RPatell I think being cautious and properly managing the money is the recipe 😄

tradfred posted:
@RPatell I think being cautious and properly managing the money is the recipe 😄

Yes, exactly! Also don't put all eggs in one basket 😉

RPatell posted:

tradfred posted:
@RPatell I think being cautious and properly managing the money is the recipe 😄

Yes, exactly! Also don't put all eggs in one basket 😉

Oh yeah. Do not rely blindly on a single option

dear valuable readers,
when i first public this 'GBP who blames whom' i would have no idea that so many people will read it and comment on it and also agree with me. i really thank you all for participating and comment in my post.
i would like to tell you one think as far as our market regulators and control authorities of financial markets are doing nothing to prevent such events we will meet them again and again during our trading life.
did you know that after each flash crush is been taken place an investigation?
did you know that every time they are catching the fat finger bank trader who is responsible for that?
do you know what is the verdict for such a crime?
a maximum of 4 years in prison.
a sentence of 4 years is actual 2 years full time serve period.
what prison??? a prison without walls or fence nice food looks like paradise where great bankers and traders are spending their 2 year holiday before they come out and enjoy the hundreds of millions they stole from innocent traders.
you know why there is no fence and walls because they will not escape
in front is the arctic ocean where you will die in 5 minutes if you try to swim on the back is the frozen Iceland where you will be eaten by polar bears and wolfs, but, on the other hand why to escape if you can enjoy the nice holiday get rest and after to enjoy your millions.
enjoy the tour to the world's most beautiful prison:
https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison

'@petros72 Interesting story, indeed. So what would you suggest as a good solution? Do you think regulators can prevent such crashes and how?

i do not have IT knowledge to propose a solution, but as it looks like the problem is in the algorithm trading system we are all using day by day. as far as a single trader from a single computer can manipulate the price of GBP the world's oldest currency, that under normal conditions, only BOE can do, what can i say. either the regulators cannot fix the trading system either the big banks who are acting as market liquidity providers DO NOT want to fix it and they are hand to hand with the trader who is flash crushing every now and then. for 100 millions to be honest i could do it if i was in their shoes and i could go for 2 years holiday prison in Iceland, i love nature, i love fishing salmons and i love watching polar bears

petros72 posted:
dear valuable readers,
when i first public this 'GBP who blames whom' i would have no idea that so many people will read it and comment on it and also agree with me. i really thank you all for participating and comment in my post.
i would like to tell you one think as far as our market regulators and control authorities of financial markets are doing nothing to prevent such events we will meet them again and again during our trading life.
did you know that after each flash crush is been taken place an investigation?
did you know that every time they are catching the fat finger bank trader who is responsible for that?
do you know what is the verdict for such a crime?
a maximum of 4 years in prison.
a sentence of 4 years is actual 2 years full time serve period.
what prison??? a prison without walls or fence nice food looks like paradise where great bankers and traders are spending their 2 year holiday before they come out and enjoy the hundreds of millions they stole from innocent traders.
you know why there is no fence and walls because they will not escape
in front is the arctic ocean where you will die in 5 minutes if you try to swim on the back is the frozen Iceland where you will be eaten by polar bears and wolfs, but, on the other hand why to escape if you can enjoy the nice holiday get rest and after to enjoy your millions.
enjoy the tour to the world's most beautiful prison:
https://www.bloomberg.com/news/features/2016-03-31/welcome-to-iceland-where-bad-bankers-go-to-prison

It is so outrageous to know that this is how the great system is handled ...

RPatell posted:
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!

And you think this can work for astrology? I'm skeptical about this.

@petros72 @trill12 @jamess2 You are right guys, it all about the big money but no one takes real responsibility when such flash crash mistakes happen... And remember - a huge loss for someone is always a huge profit for someone else in trading. We never know on which side we will be.

jamess2 posted:

RPatell posted:
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!

And you think this can work for astrology? I'm skeptical about this.

I know a guy whose forex predictions based on astrology are in 65% of the cases right. I don't know how he is doing it but I know he has read a lot about this matter in the past. I think this is just for people who believe in it and are ready to follow such signals.

RPatell posted:
I know a guy whose forex predictions based on astrology are in 65% of the cases right.

Well, that's something interesting! Seems this guys knows what he is doing 😄

I know a guy whose forex predictions based on astrology are in 65% of the cases right. I don't know how he is doing it but I know he has read a lot about this matter in the past. I think this is just for people who believe in it and are ready to follow such signals.

Well for them ... they are definitely connected to what they believe

leopoldo posted:
@petros72 @trill12 @jamess2 You are right guys, it all about the big money but no one takes real responsibility when such flash crash mistakes happen... And remember - a huge loss for someone is always a huge profit for someone else in trading. We never know on which side we will be.

This is very true, we only hope to be more on the side of those who win than on the side of those who lose

RPatell posted:

jamess2 posted:

RPatell posted:
@jamess2 @MC85 @NEEnah @trill12 @tradfred Guys you are right, I completely agree with you that we should be very cautious especially if we don't have much money to put on the table. No way we can predict these crashes, really, it's not our game to do so but to try and mitigate the risks via diversification, close account monitoring and proper money management. In India people often use astrology to do forecasts. You never know when it will work but it is important to be confident still. Wish you all good luck and safe trading!

And you think this can work for astrology? I'm skeptical about this.

I know a guy whose forex predictions based on astrology are in 65% of the cases right. I don't know how he is doing it but I know he has read a lot about this matter in the past. I think this is just for people who believe in it and are ready to follow such signals.

really? That if that surprises me. They are good at what they do.

@petros72 @xgavinc I think that when we see the regulations in the market the world will end. Hahaha 😁

NEEnah posted:
Everything can happen and I don't blame anyone here. It is just a very bad luck for the majority of us small traders.

I just think that those who are not within the big elites have no choice ... you can not blame one or the other, you can not force regulations, you can not expect them to enforce them, and I hope I'm wrong, but I think That will not happen.It is about trading as smartly as possible and withstanding the bad winds that can strike.

no blame there ,market laws,anybody who does not get should not be trading with his live money