NZD...shhhhh.... arb me...babbbbbbbyyyyy Michael B. Note: I average 6 trades a day, using a 7-day week, and no I do not count the daily interest paymt's
the reason for phenomenal failure rate is emotional pain.......emotional pain is caused by losing.......losing is caused by weak systems with low win rates ...u know..the ones that have the same edge that all the rest know about.......brutal truth ........that is not an edge.........edge is what you have that very few do........since very few win.......consistently.....that money management trade management stuff sounds good........but i would rather not be allowed to think about that when i am in trade........it is cut and dried before i start mechanically built into the system.......1 chart time frame.....1 market..........1 system..........no thnking allowed........
Well I am in a "slow" trade now ...bagged 1% so far today... Sorry to be bragging folks, but let me have my fun...I do not know how long this will last! I appreciate all the PM's with the well wishing...You can't imagine how that makes me feel...Thank You Michael B.
when you could add 2 and 2 and get 4 and everybody agreed that the correct answer is 4 life was much easier.....now it depends on what the meaning of is is.........just like trading.......once trend following started being attacked as a farce strategy, and buying low and selling high is ridiculously backward, we have the new generation of traders who make this fortune hand over fist without even breaking a sweat.......but a certain # still holds........5% make it........almost none of that 5% are individuals.........fact of life........and all of this has nothing to do with your forum, my nice friend.........just venting tonight .......not meant to disrupt.....just like to see my name on forums......
Still at it. The trading becomes a job now and now it is all about how much to make per hour and how to continue improving. I am in a trade now and made 0.4% yesterday and 0.2% today. The fast and the slow method works fine and considering changing monthly volatility adjusts trades size and scales. The UPL continues to be held low when compared to the yield. This is the hard way to trade but by the end of each month the NAV climbs. I am generally tired all of the time now. Michael B.
I am stuck in a trade and losing opportunity. I have watched many trades go by. I only trade one twin-pair basket at a time. It is in the "net interest positive direction" , but I am losing opportunity to accelerate faster, interest earned is now a microscopic part of the profit...(<10% of the total profit of 3-7% per month) I am sharing this with you cause' THIS SUCKS! Michael B.
Hi ElectricS, Thank you so much for sharing your fx trading in your quest for the perfect edge. As a new forex trader Iâve read so many threads here and over at oanda⦠always finding your posts to be heartfelt, honest and helpful. Wishing you lots of continued success (and lots more sleep - donât want you to burn outâ¦) Btw - what are your favorite fundamental/fx news sources?