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Can the real traders please stand up

Marco Pearlo Encarnacion
pearlo
Apr 12 2010 at 05:54
127 ieraksti
50% monthly is very possible. someday i will be doing it. hopefully. 😎

Steve B (stevetrade)
Apr 12 2010 at 07:48
1408 ieraksti
The problem with trading with more equity is getting filled. If you're playing with a fund of millions or billions your entry to the market is very different than buying one mini lot from an MT4 broker. For example you can forget trying to scalp the Asian session.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
Elkart
Apr 12 2010 at 10:40
941 ieraksti
No fund will scalp on thinks, but there was one on BBC recently that turned it's entire portfolio 22 times for the month. Liquidity is not an issue...




Steve B (stevetrade)
Apr 12 2010 at 12:10
1408 ieraksti
You don't think? I reckon if I wanted to enter the market at say 10,000 standard lots then I'd have trouble getting filled all at the same price.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Elkart
Elkart
Apr 12 2010 at 12:37
941 ieraksti
But they'll trade positional. Working your way in a few hundred pips won't be a problem. Juts look at the COT reports vs daily ranges. How big was that change this morning on a 160 pip move on Friday....

One big trade might cause a spike, but scale it in during a hour or so.

Global Asset Management (gbl_am)
Apr 30 2010 at 10:49
10 ieraksti

Elkart posted:
    I'm a global hillbilly. I do two things. I trade and I dive. If I'm not trading it's because I'm on a ship and if I'm not on a ship I'm trading. In fact now days I trade even when I'm on the ship. But ironically the ships happen less and less. Yet the traveling is more and more. Haven't been home for over a year now. I write to my car every month.

This lifestyle has taken me around the world, as far as I can tell, at least twice. Over the years I've met many people that I got to know on forums. I make a point of meeting up with traders I speak to when I'm in their area. And that's how I ended up once in the Singapore library staring at a Bloomberg terminal with a real trader. Only a poor trader would know there's a Bloomberg terminal in a library in Singapore. Cause that's the trader who made a plan to get what he needs.

He's not a wealthy guy. Has about a 10k account I think. Every month he does about 50% on that. Covers his bills. Keeps the family alive. Singapore is expensive, so ends just meet. Not much work for an aspiring trader due to the global crisis. And every month, he does 50% again and again and again. I can't do that. Practically no one can.

Then there's my German friend. Same thing. Every month it's hand to mouth in fx. And then there's......the list goes on.

So last night I have a 'fund manager' who can't make 1% in three months, try justify his existence by saying 'you don't know how macro funds work'. He talks down to me. Because I know 'less' and use stupid Metatrader. Somehow having a 'fund' makes it's acceptable to not perform? Not only acceptable, but desirable. And then 'people' complain because I'm being belligerent.

I know about funds. Madoff had one. LTC was one. Enron had some. All wealthy outstanding citizens and corporations.

Metatrader might have bad rep. But it has done one thing. We no longer have to hand over our money. We can keep it in our hands. Out of the hands of those who will take it and stick enough of it in trust funds so they can live rich while the fund goes bust.

I'm a wild card. But I'm a real trader. I make my money from trading and diving. Not from taking advantage of other people. And I am proud of that.

The best traders in the world no one hears about. It's the guy in the Singapore library (walk in there any time of day and you'll see one or two hanging around waiting for the terminal), it's my german friend. It's the guy who pays his bills every month, the guy that has to take the trade to eat. It's that Malaysian dude trading $100 to $200 and the Indian dude that heard he can make $100 a month using forex and struggles for 5 years to do it.

Those are the guys I respect. Not Mr. give me your money so I can take advantage of you. I call it the way it is. A spade is a spade. And with a little bit of luck, a lot of practice and good old stupid metatrader we might just be able to change a few things.


Elkart,
I would be pleased to meet you anytime you are in the UK.
Darren

Low risk, low emotion.
Elkart
Elkart
Apr 30 2010 at 11:27
941 ieraksti
Darren

It's the one place I haven't been to. The big smoke. Always like the idea of going to Ireland as well.

One day...one day....

victor (rubionfunds)
May 08 2010 at 08:54
83 ieraksti
david tepper manages 12billion dollars. 1% of that is what?😉

winning isnt victory and losing isnt defeat.
Elkart
Elkart
May 08 2010 at 14:26
941 ieraksti
Doesn't matter how much david tepper makes, what can he make for me? 1% or 3% or 6% just won't cut it.

Fortenova (fortenova)
Jun 01 2010 at 20:50
35 ieraksti

MIDASUser posted:
    I don't consider myself in anyway a very experienced trader, but even I'm getting almost 20% a month since October! Well the bot is in anyways! LOL


I looked at published track record. Robot seem to have taken a bit too much risk.

Trading should be boring otherwise you are losing money.
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