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  1. #1181
    Legend peat's Avatar
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    i'n feeling a bit queasey now.




    thats shocking statistics for profitability. it is indeed a challenge .
    Last edited by peat; 21-11-2007 at 09:14 PM.

  2. #1182
    action-reaction arco's Avatar
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    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.
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  3. #1183
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    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

  4. #1184
    action-reaction arco's Avatar
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    Evening Miner

    Quite an advantage if you can deal in big numbers.

    i.e 20 mill x 5 pips = $10,000

    rgds - arco
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  5. #1185
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    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

  6. #1186
    Legend peat's Avatar
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    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
    For clarity, nothing I say is advice....

  7. #1187
    action-reaction arco's Avatar
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    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................
    Last edited by arco; 22-11-2007 at 11:40 AM.
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  8. #1188
    Legend peat's Avatar
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    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
    Last edited by peat; 22-11-2007 at 08:59 PM.

  9. #1189
    Legend peat's Avatar
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    a quiet night was to be expected with Thankgiving ... will that mean a quiet Friday as well tho?
    For clarity, nothing I say is advice....

  10. #1190
    action-reaction arco's Avatar
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    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
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