Unlimited heat? Is that a position one puts on until Oanda closes it out for you? Ron, if your trades were working out, you wouldn't have to take "unlimited heat".
Bless your soul, Mav. I never said I HAD to take unlimited heat. I said that I could based on my study of the volatility of the instrument that I trade. I know you are not good at nuance. Ironically it is nuance that separates traders one from the other.
Ron, you said you were short the Euro, Aussie, Kiwi, and pound. They have done nothing but rally the entire month of June. You have also explained how you like to max out leverage as you said that was the only reason to trade FX. So you were short risk currencies with leverage that have done nothing but go up this entire month and you got out of this OK? Come on. I make bad trades all the time, just admit it and move on. It's not the end of the world.
Mav, you really aught to let these gotcha questions go. I told you a couple of months ago that my method was failsafe, and that I would catch to a lessor or greater degree every move, and that I would never blow up. You are only going to make yourself upset. You are prone to that. You should let this go, believe what you need to believe, and move on.
Sir, a trader is always evolving. I am flattered that you follow my posts, but I no longer come close to maxing leverage on a single trade. I have an algo to which max leverage is reached over time and volatility. Again, let this go. Your line of questioning will reveal little more than you are trying find out something you do not yet understand, and that I am not going to tell you, at least not today.
Ron, no trader worth his salt would ever say he catches every move. That is so absurd and comments like that are amateur. It's not even the point to trading. Nobody trades to "catch every move." That's something a newbie says after he opens his first FX account with 100k in paper money. Also no one uses the word fail safe in regards to trading. In fact, I don't hear that word used anywhere! Is it really hard for you to admit you were wrong? I mean seriously, the first step towards being a good trader is being able to admit you are wrong. I've never met a profitable trader who couldn't utter those words.
You recently displayed your social isolation in these matters, so please do not attempt to say that you have even an anecdotal sampling to verify your statements. The fact you have not heard those words simply means John has not heard them, and nothing more. You will outgrow an egocentric worldview at some point, but until then.....good luck and good trading.
Ron, no one on ET will take you seriously when you talk like that. No one. Oh yeah, a guy who catches every move. That's priceless. LOL. You must be a billionaire. Oh wait, no, you're a nurse in Peoria, IL.
You have an unsecured mind and cannot comprehend a currency trading negative integer. You obviously not smrt.