Trading in your pj's is very overrated, sitting on the sundeck sounds a lot more glamourous I agree about it helping newer traders to develop perspective and perhaps even give them inspiration. There's so much doom and gloom around forums about how 90% lose their shirt, that must be frightening to someone just entering this business, to read a few success stories can't hurt and may just give them the drive and enthusiasm to succeed.
Oh come on, how interesting can trading be, I've had more fun watching grass grow on occasions. Trading has got to be about the most boring mundane job going. Interesting, no, I can't honestly think of one war story worth recounting, apart from losing $186k in my first 2 years but I try to forget that!
I'm working on that writing thing. LOL. I am not a writer, so read the sentence as "The storyteller embellishes to make his story more (pause for effect) interesting." I didnt say it was interesting. LOL.
lol, oh right, so no gold star for me and a 'must try harder'! Ok well there was this one time in Barbados when I was relaxing with my laptop in a hammock under the shade of a palm tree, the gentle sound of the warm Caribbean breeze rustling through the leaves when all of a sudden the trading platform price alert signalled that a trade was imminent, a Buy on Gbp/Jpy.............
Now look at it sensibly using leverage of 25 to allow room for a run of say 10 losing trades and broker margin and excess margin requirements. 2.5% per day compounded for 250 days takes $1 to $480, or $1 to $1m in roughly 2.5 years (although you may run into problems getting filled around day 500!). Sounds excessive? Not at all, it's perfectly achievable, anyone who invests in a high risk venture like forex expects an equally high return otherwise what's the point, you may as well take a risk-free regular job and get all the fringe benefits that go with it.
Yessir!! Anyone can sit down with excel and bang out a pie in the sky plan, but if we fail to plan for the potholes, we'll be dead on the road idling away in the cold till help arrives... I never will forget my 1st "realistic" plan. LOL. I had it made. LOL... But that 1st dip... OOPS!!!!! I wasn't ready.