My Trading journey.
Discussion
Mr fox said:
Yes ofcourse I'm short on facts, and more importantly short on knowledge, as I believe there is always something more to learn.
Well I could fall flat on my face, and this is a risk I'm prepared to take.
I'm sure your a proffesional who does this for a living, and are very successfull at it, but for me it is a "trial by fire".
Would you not agree that it's a zero sum game in the respect that what ever you win on a trade has not come from anywhere else, but a trader whose lost money. I could be very wrong, and dont mind being educated by experts like yourself, but for the moment I am closed to listen to any advise, and just concentrate my energies to what I've been taught, and apply those.
I've traded various things. In jobs where I was expected to make a strong profit, I had access to customers, who would buy over the fair price, and sell to me below it. Maximizing this profit was a difficult job, which is why they paid me, but they never assumed that I would regularly extract money from markets with no edge.Well I could fall flat on my face, and this is a risk I'm prepared to take.
I'm sure your a proffesional who does this for a living, and are very successfull at it, but for me it is a "trial by fire".
Would you not agree that it's a zero sum game in the respect that what ever you win on a trade has not come from anywhere else, but a trader whose lost money. I could be very wrong, and dont mind being educated by experts like yourself, but for the moment I am closed to listen to any advise, and just concentrate my energies to what I've been taught, and apply those.
You are the other side of this deal, by choice. Why not spend the next three years getting a degree in econometrics, from a top university, and then have a bank train and pay you?
Mr fox said:
Thank you for your insight.
Yes your right. I did pay a lot of money, and in most cases I was ripped off, but since there was no one to tell me what worked, and what didnt I had to learn the hard way. I wasnt born with a silver spoon in my mouth, but was taught that hard work, and persistance pays off
If that's the case, why are you trying to shortcut the hard work with a ridiculous "scheme"?Yes your right. I did pay a lot of money, and in most cases I was ripped off, but since there was no one to tell me what worked, and what didnt I had to learn the hard way. I wasnt born with a silver spoon in my mouth, but was taught that hard work, and persistance pays off
Your posts really don't add up. You espouse hard work, but seem to want to get rich quick through a magic set of rules.
I started out keen to try to offer you the benefit of my decades of trading. I think I'll stop now, though.
NorthernBoy said:
Mr fox said:
Yes ofcourse I'm short on facts, and more importantly short on knowledge, as I believe there is always something more to learn.
Well I could fall flat on my face, and this is a risk I'm prepared to take.
I'm sure your a proffesional who does this for a living, and are very successfull at it, but for me it is a "trial by fire".
Would you not agree that it's a zero sum game in the respect that what ever you win on a trade has not come from anywhere else, but a trader whose lost money. I could be very wrong, and dont mind being educated by experts like yourself, but for the moment I am closed to listen to any advise, and just concentrate my energies to what I've been taught, and apply those.
I've traded various things. In jobs where I was expected to make a strong profit, I had access to customers, who would buy over the fair price, and sell to me below it. Maximizing this profit was a difficult job, which is why they paid me, but they never assumed that I would regularly extract money from markets with no edge.Well I could fall flat on my face, and this is a risk I'm prepared to take.
I'm sure your a proffesional who does this for a living, and are very successfull at it, but for me it is a "trial by fire".
Would you not agree that it's a zero sum game in the respect that what ever you win on a trade has not come from anywhere else, but a trader whose lost money. I could be very wrong, and dont mind being educated by experts like yourself, but for the moment I am closed to listen to any advise, and just concentrate my energies to what I've been taught, and apply those.
You are the other side of this deal, by choice. Why not spend the next three years getting a degree in econometrics, from a top university, and then have a bank train and pay you?
NorthernBoy said:
Mr fox said:
Thank you for your insight.
Yes your right. I did pay a lot of money, and in most cases I was ripped off, but since there was no one to tell me what worked, and what didnt I had to learn the hard way. I wasnt born with a silver spoon in my mouth, but was taught that hard work, and persistance pays off
If that's the case, why are you trying to shortcut the hard work with a ridiculous "scheme"?Yes your right. I did pay a lot of money, and in most cases I was ripped off, but since there was no one to tell me what worked, and what didnt I had to learn the hard way. I wasnt born with a silver spoon in my mouth, but was taught that hard work, and persistance pays off
Your posts really don't add up. You espouse hard work, but seem to want to get rich quick through a magic set of rules.
I started out keen to try to offer you the benefit of my decades of trading. I think I'll stop now, though.
P.s. why do you think it's a rediculous scheme.
I guess if someone with decades of trading experience thinks its a scheme you must be right. I shall take your words of wisdom and quit while I'm ahead, and disappear into the relative obscurity of forum anonymity.
Adios.
Regards
Mr Fox.
Mr fox said:
Please don't misconstrue what I'm trying to do here is a personal challenge, where by financial gain is a by product.
P.s. why do you think it's a rediculous scheme.
I guess if someone with decades of trading experience thinks its a scheme you must be right. I shall take your words of wisdom and quit while I'm ahead, and disappear into the relative obscurity of forum anonymity.
Adios.
Regards
Mr Fox.
Don't forget that their are a lot of professional traders on here and also a lot of very smart cookies that aren't traders. The ones that are traders will naturally be threatened by your 'system' as after many years of trading they will have seen and heard of almost every 'system' going. All will have failed. These people will have built their careers and reputations on their experience of the markets and will be dismissive of any 'system'.P.s. why do you think it's a rediculous scheme.
I guess if someone with decades of trading experience thinks its a scheme you must be right. I shall take your words of wisdom and quit while I'm ahead, and disappear into the relative obscurity of forum anonymity.
Adios.
Regards
Mr Fox.
I once got sucked into a football betting 'system' whereby it took the last ten results of teams and formulated which ones were most likely to win their next game. Looking at previous results was the easy thing as it produced statistics to pour over; but predicting the future results was the hardest as even though Mansfield might have won their last 10 home games, you can't legislate for the random opposition striker popping up with a last minute winner once you've put your money on them!
I am suprised though, at the prominent financial types on here dismissing Mr.Fox's 'system' before it's even a day old, even though he made £5k whilst I was eating my lunch......why not lets just see where this goes.....
Edited by Sarnie on Friday 18th May 00:04
GO FOXY GO!!!!! Sarnie said:
Mr fox said:
Please don't misconstrue what I'm trying to do here is a personal challenge, where by financial gain is a by product.
P.s. why do you think it's a rediculous scheme.
I guess if someone with decades of trading experience thinks its a scheme you must be right. I shall take your words of wisdom and quit while I'm ahead, and disappear into the relative obscurity of forum anonymity.
Adios.
Regards
Mr Fox.
Don't forget that their are a lot of professional traders on here and also a lot of very smart cookies that aren't traders. The ones that are traders will naturally be threatened by your 'system' as after many years of trading they will have seen and heard of almost every 'system' going. All will have failed. These people will have built their careers and reputations on their experience of the markets and will be dismissive of any 'system'.P.s. why do you think it's a rediculous scheme.
I guess if someone with decades of trading experience thinks its a scheme you must be right. I shall take your words of wisdom and quit while I'm ahead, and disappear into the relative obscurity of forum anonymity.
Adios.
Regards
Mr Fox.
I once got sucked into a football betting 'system' whereby it took the last ten results of teams and formulated which ones were most likely to win their next game. Looking at previous results was the easy thing as it produced statistics to pour over; but predicting the future results was the hardest as even though Mansfield might have won their last 10 home games, you can't legislate for the random opposition striker popping up with a last minute winner once you've put your money on them!
I am suprised though, at the prominent financial types on here dismissing Mr.Fox's 'system' before it's even a day old, even though he made £5k whilst I was eating my lunch......why not lets just see where this goes.....
Thank's for the words of encouragement. The system is not actually a system per say, but is such a simple way of looking at the market, that if it was told to you, you would think I knew that. A bit like not being able to see the woods for the trees. Sometimes the most simplistic ways seem to work best.
Regards
Mr Fox.
Edited by Sarnie on Friday 18th May 00:04
I call custard,
post a screenshot of your position.
@200pp your going to need 15g in your account I presume depending who your betting with.
can't help but think this is;
a) an advert
b) pyramid selling, this chap was suckered by trading lessons now needs to sucker someone else
c) a troll
d) a kid
e) deluded
post a screenshot of your position.
@200pp your going to need 15g in your account I presume depending who your betting with.
can't help but think this is;
a) an advert
b) pyramid selling, this chap was suckered by trading lessons now needs to sucker someone else
c) a troll
d) a kid
e) deluded
Edited by z4chris99 on Friday 18th May 08:30
SirSamuelOfBuca said:
Following with interest although I have no idea what you did this morning!
I don't mind explaining, as there was a time when I was in your shoes.I took the currency pair Eur vs dollar, and after doing all my "homework" felt that there was a high probability chance that the price would go down(going short). Then I had to work out how much I felt it would go down, and where it was safe for me to enter, and where i should place my stop(safety net).
Think of it as a football match where you have team A vs team B(currency pair), so I thought team B was going to loose(going short). Then I had to decide how many goals team B was going to lose by(how many pips in my direction the market will move), and when the goals would be scored i.e. if before half time, full time, or extra time(stop loss, the closer it is the greater chance it would be before half time etc).
I hope that helps.
:-)
Regards
Mr Fox.
SirSamuelOfBuca said:
Thanks for the explanation in laymans terms :-)
How do you monitor this? Sign up with someone like etx for example? When I ever look online there are so many places being a sceptic it's hard to tell whats legit or not.
Cheers for taking time to reply :-)
Yes etx is fine. I use Fxcm.How do you monitor this? Sign up with someone like etx for example? When I ever look online there are so many places being a sceptic it's hard to tell whats legit or not.
Cheers for taking time to reply :-)
z4chris99 said:
I call custard,
post a screenshot of your position.
@200pp your going to need 15g in your account I presume depending who your betting with.
can't help but think this is;
a) an advert
b) pyramid selling, this chap was suckered by trading lessons now needs to sucker someone else
c) a troll
d) a kid
e) deluded
Ok hands up you've got me. Guilty as charged on all counts guvnor.post a screenshot of your position.
@200pp your going to need 15g in your account I presume depending who your betting with.
can't help but think this is;
a) an advert
b) pyramid selling, this chap was suckered by trading lessons now needs to sucker someone else
c) a troll
d) a kid
e) deluded
Edited by z4chris99 on Friday 18th May 08:30
lol.
Hoofy said:
Mr fox said:
sorry guys that was eur not gbp.
Am trying to follow your trades. Rather than say eur or gbp (as you know, there are at least 20 pairs I could trade against the euro and GBP), could you say EUR/USD or something?[/quoAll currencies are with USD unless other wise stated. All analysis is done on a 200 tick chart, and all executions are on a 200 tick chart also.
;-)
I hope that helps.
Regards
Mr. Fox.
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