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johnstac
Registered: Feb 2006
Posts: 69 |
08-07-12 04:07 AM
What do you like more about forex than the ES? I have never traded the ES. I traded the YM. Is Forex easier or just different? I believe they both are not considered when pattern day trading so that is good. Just wondering what you like about Forex. For me, Forex has this stigma. Seems like everyone that stops playing poker starts trading the Forex. Maybe there is a reason for that but it just screams newb to me. I don't for one second consider you a newb. You have been trading for years now. Just from what I read in the forums, it seems to be popular with new investors.
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oldtime
Registered: Jun 2011
Posts: 7389 |
08-07-12 04:18 AM
Quote from johnstac:
What do you like more about forex than the ES? I have never traded the ES. I traded the YM. Is Forex easier or just different? I believe they both are not considered when pattern day trading so that is good. Just wondering what you like about Forex. For me, Forex has this stigma. Seems like everyone that stops playing poker starts trading the Forex. Maybe there is a reason for that but it just screams newb to me. I don't for one second consider you a newb. You have been trading for years now. Just from what I read in the forums, it seems to be popular with new investors.
when I started trading ES exclusively, my account was worth 28K. Today I would consider that extremely undercapitalized. Number one reason for failure is undercapitalization. 25k is more than enough to trade forex, because you can control size. I really think if I had to, I could make a living (if my expenses were modest) trading forex starting with 25k, as long as I didn't have an unusual string of bad luck the first year. ib is a good broker for forex. so you already have 2 out of 3.
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Stealth Trader
Registered: Jun 2004
Posts: 517 |
08-13-12 05:15 PM
Quote from NoBias:
On a side note:
I am also grateful to Stealth's post which initially piqued my interest, and at the same time a little confused on how negative he has become
aka T6A, but I dont hold that against him
he has never been negative towards me, and it was his post which pointed me in the right direction.
I appreciate the kind words, but I am not the charlatan known as T6A.
The REAL original Stealth Trader.
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NoBias
Registered: Jul 2012
Posts: 154 |
08-13-12 08:21 PM
Quote from Stealth Trader:
I appreciate the kind words, but I am not the charlatan known as T6A.
The REAL original Stealth Trader.
That is a relief, the ST of 2007/2008 was far more articulate and coherent than the person representing himself as you. I was a bit taken back by the aggressive nature of T6A, as you weren't aggressive or profane when I studied your posts back then. Glad that my opinion of you has not been altered.
I am sincerely grateful to your taking the time and sharing your thoughts. You were 100% spot on, albeit at the time I had no idea just how much so. Rereading your posts now I feel as if I am reading myself, as I have acquired the same mindset.
It was a turning point for me. Had I not have read your simple, but concise comments I may never have met the individual who shared so much with me. Because of the two of you, I was able to beat the odds and become one of the fortunate 5%.
Thank you kindly for that, I wish you health, happiness and good fortune.
Sincerely,
NoBias
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