i'n feeling a bit queasey now.
thats shocking statistics for profitability. it is indeed a challenge .
Printable View
i'n feeling a bit queasey now.
thats shocking statistics for profitability. it is indeed a challenge .
Evening Peat
These comps definately put you in a stressful position.
I went in for a NZ share contest many years ago.
By some strange quirk I came 2nd.....and I was only
trading using candlesticks.
Evening chaps just been watching my dealing rates(fxcm) and the charts I use(ava) and mainly when it gets busy like now the charts are up to 5pips behind the dealing rates,Hmm could be handy.
Cheers
Miner
Evening Miner
Quite an advantage if you can deal in big numbers.
i.e 20 mill x 5 pips = $10,000
rgds - arco
Sure is but a pain in the butt if you trade fxcm and watch ava charts,but trade ava and watch fxcm dealing rates for the jump could be the go,thinking more get the jump on moves rather than deal big numbers,but both could work.
Cheers
miner
Some reading about a big time trader
The Blow-Up Artist
Can Victor Niederhoffer survive another market crisis?
by John Cassidy
http://www.newyorker.com/reporting/2...?currentPage=1
P5 "...........he said. “I was long about seventy-five million dollars."
P6..........Then one day I was playing racquetball in Staten Island with a guy who subsequently became the U.S. champion. After the first game, I called the office to see where the market was. The price of gold had fallen from eight hundred and fifty dollars to six hundred dollars in an hour. My net worth had gone down to ten million dollars.
scary stuff................
yeh what I find amazing is his ability to come back again and again but... then crash again
Despite the lessons of 1997, and the precautions he had taken, he was again in over his head.
For those who enjoy stories like that but in a fuller novelistic way I really recommend Theodore Dreiser's "The Financier" the first of a trilogy which I read last year
Downloadable too as its a 19th C classic
http://www.gutenberg.org/etext/1840
a quiet night was to be expected with Thankgiving ... will that mean a quiet Friday as well tho?
Morning Peat
Not too quite for me........may have to book the profits
before that swap rate hits me just where it hurts the most