2008.12.23 ANYTHING CAN HAPPEN!

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TheRumpledOne
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2008.12.23 ANYTHING CAN HAPPEN!

Postby TheRumpledOne » Tue Dec 23, 2008 4:02 pm

2008.12.23 ANYTHING CAN HAPPEN!

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Alway remember and never forget ANYTHING CAN HAPPEN!

PRICE and your eyes should be able to tell you what is happening.

You don't really need indicators.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Yosako Mimoto
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Postby Yosako Mimoto » Tue Dec 23, 2008 11:50 pm

Wow! That was such a blastoff :shock:
I wonder if anyone had the balls to use one of those suicidal super leveraged pyramid trades on the downtrend...that would have sent their accounts to Jupiter ridiculously fast.

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TheRumpledOne
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Postby TheRumpledOne » Wed Dec 24, 2008 12:42 am

That usually happens when a currency makes a new all time high or low.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby MightyOne » Wed Dec 24, 2008 5:40 am

Yosako Mimoto wrote:Wow! That was such a blastoff :shock:
I wonder if anyone had the balls to use one of those suicidal super leveraged pyramid trades on the downtrend...that would have sent their accounts to Jupiter ridiculously fast.


Pyramiding need not be suicidal; in fact my favorite method is to double my trade size after making four times my risk in profit.

Pyramiding long term is 100% luck!

I remember reading the Ken Roberts "Most Powerful Money Making Manual," and in it he showed this chart that moved like the one you are referring to.
I remember the example said some thing like "yah and if you had pyramided every time you could add a contract you would have turned $1,400 into $600,000!"

I'm not saying that it cannot be done, I am just saying that I can't do it :cry:

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Postby Yosako Mimoto » Wed Dec 24, 2008 5:30 pm

MightyOne wrote: Pyramiding need not be suicidal; in fact my favorite method is to double my trade size after making four times my risk in profit.

Pyramiding long term is 100% luck!

I remember reading the Ken Roberts "Most Powerful Money Making Manual," and in it he showed this chart that moved like the one you are referring to.
I remember the example said some thing like "yah and if you had pyramided every time you could add a contract you would have turned $1,400 into $600,000!"

I'm not saying that it cannot be done, I am just saying that I can't do it :cry:

Pyramiding itself ain't suicide, but doing it on maximum leverage...well, that's pure gambling. :smt033
Although, thinking about it, it could be used in a small account as a lotto wannabe, sure it has better odds. :smt001

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