Before I go take a nap...let me tell you that discretionary trading is "the work of trading"....You system traders are the exectives taking three hour lunch breaks, followed with tennis! where discretionary traders set the benchmarks and lead the masses. I am skipping the Gym this afternoon, as I had to earn my money today. (said in that narrators voice for EF Hutton years ago..."we Earn it"!) Trading is just as hard if not harder than most jobs...there is not "get rich quick easy", when your trading is "not Gambling". Michael B. p.s. I am in-synch and ready for the next plateau. Jack Hershey or Ed Seykota, I need you...Bitch-slap me or encourage me...i do not care...I will do WHATEVER it TAKES. I have the passion...I want it...I need it...I can receive it...This may only happen once or twice a year....
I just was able to calm down enough to lay down...and right when I was dozing off, Wifey comes running and tells me EAR/AUD just closed and to cancel my "add to" order and re-enter! It has been a 102 day hold!!! It has been nice living with this position and I am now re-entered with a fresh short at a tier one level....at least this time I am NOT starting directly on the bottom with my short! My USD/JPY has replaced it however in very short notice, as I am in a tier four position value with a huge exposure nearly equaling that of EUR/AUD. (GBP/CHF, EUR/AUD and EUR/HUF are my favorite system pairs for their ranging long term carries in the positive intrerest earning direction). I AM BACK DOWN UNDER 5:1 LEVERAGE ...NOW WHAT DO i DO! Michael B. Leverage = 3.73:1 and DD= 1.73% UPL =-1,920.10
Time to man up and leverage that puppy @ 20:1....make hay when the sun shines.....make hay when the sun shines.
Yeah babbbby.....I got this puppy back up turnin' 4.52's (my heart is weak, I can't do the 20:1 thing, plus no one would believe my yields!) Has anybody been able to do a 1000% consistently...?
seriously folks...winning is harder than losing....I have lost all my life, I can deal with that... I do not know how to deal with winning like this....the HF guys are right...I need two years of straight winning under my belt to earn the money from expectant investors that cannot do it themselves...this is not the blind leading the blind!... I hope to do it right here in ET. I wanna be a winner! Michael B.
I pray to the Lord Jesus Christ almighty, that everything about my performance in this thread is true and I do not want to mislead anybody. Traders you can make 40% a year or more in Retail Spot Forex and there is nothing that the market can throw at you that can change this. Listen and learn, I want to prove and illustrate this. I have been a system trader for years and I wanted to start this thread to discuss how system traders have used discretionary methods....or not...All my trades here, are being witnessed by many in real time that can log into my FxGame account. I trade this very conservatively and I think all of you can see, that trading real money would not change me with the fear and greed of the human condition, as I do not over expose myself even with play money. I have converted over 75% of my profits to the flow and the change in price, rather than the slow accumualtions of interest that I have advocated in the past. I must remind myself however, that Interest earned for the carry removes the sting of a stop that takes away your money forever. Even if you are a swing trader and making money off your trades from your canned system, please look at different time frames, do not limit yourself. When your world opens up your choices, its just to use your discretion and pick the best! Michael Bolduc
What do you not understand about the words.... or more....? Also consistency is key....I cannot post what I have not achieved yet...how would I know? You are a trader and pick the 40% and not the... "or more" as you have learned about the hard work of trading, sirpangolin I know I have humble yields compared to you guys, but I have reached a personal level and enjoying it. I find that you must pat yourself on the back and bask in the glory, while you tame down your trading, and make the good feeling last! I have never had much, and appreciate everything I am allowed to have the responsibility for. Michael B.
Bro, I'm just joking ya... Consistency is far more important in my book than anything. Even if you only turned a 10% profit a year, that's impressive just on the consistency factor. If you can do that year after year, you are much further along than 90% of the gamblers in the markets today. Hey, BTW, Oanda is turning out nicely. I figured that I'd see flunctuations in pip spreads after I ditched the demo, but they are true to what they've been with the demo... 2.5 pips except for some extreme low volatility weekends... or news...
I just wanted to be careful as I notice there are many views to this thread. There is no offense taken by me or intended by you I know...any trader is my friend and i am just trying to communicate. If you could feel the heart that i am putting into this then you might understand more. I got to lighten' up! Michael b.