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tradin4profits

Registered: Jan 2009
Posts: 303

08-30-12 08:48 PM

Quote from oldtime:

sorry about the spelling, I never said I could trade, I was just talking about how I wanted to sweep from here on. I swept 100% of the profits at the end of July because I have only been trading this way since NOV 2011 and I'm not sure if I am good or just lucky.

If your have been making profits for almost a year you must be good....luck would have run out by now.

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oldtime

Registered: Jun 2011
Posts: 7335

08-30-12 09:00 PM

Quote from tradin4profits:

If your have been making profits for almost a year you must be good....luck would have run out by now.

not so sure about that, there has been a lot of luck involved, just happened to be short CHF when SNB intervened (actually I was neutral and got stopped out of my longs only to see my shorts go to undreamed of profits)

Just happened to be short JPY when BOJ intervened

Just happened to be long AUD/EUR when it was making easy money everyday

none of that had anything to do with my trading plan

I've never been on the wrong side of a mega trend, so I would not say that I am a good trader, just talking about some money management in the sweeping of my account

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oldtime

Registered: Jun 2011
Posts: 7335

08-30-12 09:11 PM

if you find yourself on the wrong side of a mega trend and somehow survive, then on a quiet lonely night you can congratulate yourself for being a good trader.

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Newex

Registered: Oct 2012
Posts: 37

11-04-12 02:33 PM

Cant understand the point of gradually sweeping an account .

Either you believe on your strategy and do nothing or you believe in your strategy and just need the money so you get out as much as you need or you dont believein your so you close your position .

I believe in profit taking but gradual profit taking makes little sense

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michael45

Registered: Oct 2012
Posts: 35

11-05-12 02:28 AM

Businessmen always live with risk. Be genius. Find best way.

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