Spread betting as a full time occupation...
Discussion
ATM said:
ShadownINja said:
See my reply?
ShadowI accept there are people trading in the other direction to me all the time. Some will lose and some will win. I dont win all the time. But surely if GBP goes up 2% during a day then there must be more buyers than sellers. Therefore if there are more buyers than sellers then you could argue that there are more winners, because it went up and they won. However all too often I hear / read that for every trade there is someone on the loosing end of that trade. But as I have just explained more traders were winners. So maybe the people losing are those who are not trading. They are just holding the asset.
As I say (and understand it), stop loss orders and people exiting their shorts prior to the data release as it shoots up plus people picking tops, then getting their stop loss orders hit later on, too, as people take profit. Or something similar.
Edited by ShadownINja on Thursday 28th October 23:21
ShadownINja said:
ATM said:
Here it is. OP you might find some useful info on here if you are still interested:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Don't go there. http://www.pistonheads.com/gassing/topic.asp?h=0&a...
(If only because binaries have wider spreads than before AFAIK.)
k from start to finish. 
DonkeyApple said:
ShadownINja said:
ATM said:
Here it is. OP you might find some useful info on here if you are still interested:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Don't go there. http://www.pistonheads.com/gassing/topic.asp?h=0&a...
(If only because binaries have wider spreads than before AFAIK.)
k from start to finish. ATM said:
I accept there are people trading in the other direction to me all the time. Some will lose and some will win. I dont win all the time. But surely if GBP goes up 2% during a day then there must be more buyers than sellers. Therefore if there are more buyers than sellers then you could argue that there are more winners, because it went up and they won. However all too often I hear / read that for every trade there is someone on the loosing end of that trade. But as I have just explained more traders were winners. So maybe the people losing are those who are not trading. They are just holding the asset.
There are so many different types of people that make up the market, so when you nick 20 ticks out of EURGBP or whatever there are loads of pension funds, insurance funds, other traders, full time asset holders etc etc etc who don't care about the tick and just take the position on to their books. They therefore don't see it as a "loss" they just take it as a position. Also you don't know what they've hedged against.The "zero sum game" is true of futures, but in some circumstances it is possible for everyone to win. Take a share launched at 10p at IPO, then the company does well. Some people sell out at 20p and take a profit, and the shares continue to rise. As long as no-one naked shorts it and it continues to go up then every person who buys and passes on wins. It only creates losers if the share falls - i.e a ponzi scheme.
ShadownINja said:
ATM said:
ShadownINja said:
See my reply?
ShadowI accept there are people trading in the other direction to me all the time. Some will lose and some will win. I dont win all the time. But surely if GBP goes up 2% during a day then there must be more buyers than sellers. Therefore if there are more buyers than sellers then you could argue that there are more winners, because it went up and they won. However all too often I hear / read that for every trade there is someone on the loosing end of that trade. But as I have just explained more traders were winners. So maybe the people losing are those who are not trading. They are just holding the asset.
As I say (and understand it), stop loss orders and people exiting their shorts prior to the data release as it shoots up plus people picking tops, then getting their stop loss orders hit later on, too, as people take profit. Or something similar.
Edited by ShadownINja on Thursday 28th October 23:21
marky1 said:
ShadownINja said:
ATM said:
ShadownINja said:
See my reply?
ShadowI accept there are people trading in the other direction to me all the time. Some will lose and some will win. I dont win all the time. But surely if GBP goes up 2% during a day then there must be more buyers than sellers. Therefore if there are more buyers than sellers then you could argue that there are more winners, because it went up and they won. However all too often I hear / read that for every trade there is someone on the loosing end of that trade. But as I have just explained more traders were winners. So maybe the people losing are those who are not trading. They are just holding the asset.
As I say (and understand it), stop loss orders and people exiting their shorts prior to the data release as it shoots up plus people picking tops, then getting their stop loss orders hit later on, too, as people take profit. Or something similar.
Edited by ShadownINja on Thursday 28th October 23:21
ShadownINja said:
marky1 said:
ShadownINja said:
ATM said:
ShadownINja said:
See my reply?
ShadowI accept there are people trading in the other direction to me all the time. Some will lose and some will win. I dont win all the time. But surely if GBP goes up 2% during a day then there must be more buyers than sellers. Therefore if there are more buyers than sellers then you could argue that there are more winners, because it went up and they won. However all too often I hear / read that for every trade there is someone on the loosing end of that trade. But as I have just explained more traders were winners. So maybe the people losing are those who are not trading. They are just holding the asset.
As I say (and understand it), stop loss orders and people exiting their shorts prior to the data release as it shoots up plus people picking tops, then getting their stop loss orders hit later on, too, as people take profit. Or something similar.
Edited by ShadownINja on Thursday 28th October 23:21
DonkeyApple said:
ShadownINja said:
marky1 said:
ShadownINja said:
ATM said:
ShadownINja said:
See my reply?
ShadowI accept there are people trading in the other direction to me all the time. Some will lose and some will win. I dont win all the time. But surely if GBP goes up 2% during a day then there must be more buyers than sellers. Therefore if there are more buyers than sellers then you could argue that there are more winners, because it went up and they won. However all too often I hear / read that for every trade there is someone on the loosing end of that trade. But as I have just explained more traders were winners. So maybe the people losing are those who are not trading. They are just holding the asset.
As I say (and understand it), stop loss orders and people exiting their shorts prior to the data release as it shoots up plus people picking tops, then getting their stop loss orders hit later on, too, as people take profit. Or something similar.
Edited by ShadownINja on Thursday 28th October 23:21
ATM said:
ShadownINja said:
redstu said:
Does anyone here just trade solely in currencies or even just a single rate such as sterling/euro?
EURUSD, mainly, and sometimes, AUDUSD. Have flirted with EURGBP but still learning its "characteristics".I was also out yesterday evening so missed the Aussie trade that was a beauty, too. EURGBP is making me nervous, though, so I wouldn't have been in that trade.
This is the annoying thing about trading currencies. The moves can happen at any time of the day. Sure, you can say I'll trade from 8am to 6pm, then the set up occurs at 1am. Or 7am. So you wake up at 7am. The beaut kicks in at 6.30am. So you wake up 6am. The big move hits at 5am... The only solution is to never sleep and never leave your desk.
Edited by ShadownINja on Tuesday 2nd November 18:25
ShadownINja said:
ATM said:
ShadownINja said:
redstu said:
Does anyone here just trade solely in currencies or even just a single rate such as sterling/euro?
EURUSD, mainly, and sometimes, AUDUSD. Have flirted with EURGBP but still learning its "characteristics".I was also out yesterday evening so missed the Aussie trade that was a beauty, too. EURGBP is making me nervous, though, so I wouldn't have been in that trade.
This is the annoying thing about trading currencies. The moves can happen at any time of the day. Sure, you can say I'll trade from 8am to 6pm, then the set up occurs at 1am. Or 7am. So you wake up at 7am. The beaut kicks in at 6.30am. So you wake up 6am. The big move hits at 5am... The only solution is to never sleep and never leave your desk.
Edited by ShadownINja on Tuesday 2nd November 18:25
NoelWatson said:
ShadownINja said:
ATM said:
ShadownINja said:
redstu said:
Does anyone here just trade solely in currencies or even just a single rate such as sterling/euro?
EURUSD, mainly, and sometimes, AUDUSD. Have flirted with EURGBP but still learning its "characteristics".I was also out yesterday evening so missed the Aussie trade that was a beauty, too. EURGBP is making me nervous, though, so I wouldn't have been in that trade.
This is the annoying thing about trading currencies. The moves can happen at any time of the day. Sure, you can say I'll trade from 8am to 6pm, then the set up occurs at 1am. Or 7am. So you wake up at 7am. The beaut kicks in at 6.30am. So you wake up 6am. The big move hits at 5am... The only solution is to never sleep and never leave your desk.
Edited by ShadownINja on Tuesday 2nd November 18:25
ShadownINja said:
ATM said:
ShadownINja said:
redstu said:
Does anyone here just trade solely in currencies or even just a single rate such as sterling/euro?
EURUSD, mainly, and sometimes, AUDUSD. Have flirted with EURGBP but still learning its "characteristics".I was also out yesterday evening so missed the Aussie trade that was a beauty, too. EURGBP is making me nervous, though, so I wouldn't have been in that trade.
This is the annoying thing about trading currencies. The moves can happen at any time of the day. Sure, you can say I'll trade from 8am to 6pm, then the set up occurs at 1am. Or 7am. So you wake up at 7am. The beaut kicks in at 6.30am. So you wake up 6am. The big move hits at 5am... The only solution is to never sleep and never leave your desk.
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