lukx zline trading log + cfabian p.35 + adaseb p.48

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MightyOne
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Postby MightyOne » Sat Jan 30, 2010 2:50 pm

johny wrote:
lukx wrote:You're right, but I'm just sad about how much learning time I lost not knowing about forex and when you take into account how much time you need to spent trading to finally be prosperous is just depressing.


Cheer up lux.. You are doing great.

http://www.youtube.com/watch?v=jEca0ZnzOKw

Johny


I would have gone with:

(start at 1:52)

http://www.youtube.com/watch?v=bTIU2Icl ... re=related

feels so right when an Asian is singing it Love_Smile

I know it always makes me feel better :lol:

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MightyOne
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Postby MightyOne » Sat Jan 30, 2010 3:19 pm

lukx wrote:IN-XS, I was thinking how was forex let's say 3 years ago? If you knew all zl, mz stuff etc. would it be easier to drain'em then than today?


If it were any easier we would be arrested for larceny...

aliassmith
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Postby aliassmith » Sat Jan 30, 2010 3:32 pm

MightyOne wrote:
aliassmith wrote:
lukx wrote:will my account survive this ? :) Lesson for people who doesn't use sl :) learn on my stupidity :)

ps. do not ask why I didn't use it.

Image


strange, I see your demo account up up and away.

Your real money account, down down and gone.

First off, I tried to trade without a stop loss. In order to pull it off
you need to have more than HOPE. You need to be willing to watch
the market until you make your profit or make your trade flat. This
could end up being a few days and a lot of in and out positions.

I then realized this type of trading doesn't work well for me because
I trade part-time. I then realized I would rather take 14 tries at 3.5%
risk than get margin called at 70% loss.

So I determined the best course of action is raise my risk to 3% equals
20 pips, have a "hard" 20 pip stop loss, naked chart, use multiple orders, 4 hours a day, 5 days a week, and master my zeroline skills. It is a
method I have been most successful using and like MightyOne said 20%
something a month and a few years you will be wealthy.

$1000 @ 24%/month @ 22 trading months is over $100,000 trading
account.

24% a month is 6% a week equals net 40 pips a week

11 more months would be $1,000,000 < basically 3 years and less time
it takes to get a college degree (although I already waisted my time and
money to earned one) :x


Many that go to college end up making between $45,000 and $55,000 a year (wtf right?)

A waitress or cook makes about $35,000 & a bartender that I know makes around $39,000 (we'll leave strippers out of this ;)) and they don't have to pay off school loans...(throw in the cash under the table and their income jumps to $41,000 to $50,000/yr)

Assuming that when you make more you spend more (better restaurants, travel, larger homes, better cars) the educated are not really that far ahead of anyone else if at all.

Your only hope of freedom is to start a business and/or invest.


"Your only hope of freedom is to start a business and/or invest"

Your only hope of freedom is to start an investing business :!:
Trade Your Way as Long as It Makes Money!

Fxtraveller
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Postby Fxtraveller » Sat Jan 30, 2010 4:03 pm

MightyOne wrote:
Fxtraveller wrote:you've probably seen how many struggling traders are aged 40+, so we are by far not the worst cases :wink:


You know there is a problem when you are not retired by age 30 :wink:


Ok, MO, you pushed it. I tried to restrain myself asking intrusive questions, but ...

1) did you ever (do you?) have a paying job, like....most ?

2) did you actually 'retire' at or earlier than 30?

basically, whats your story? Only thing I know from NLA is that you started trading pretty early.
Are you Buffet under a nickname MO, and you are just bored? :wink: :D

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MightyOne
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Postby MightyOne » Sat Jan 30, 2010 4:33 pm

Fxtraveller wrote:
MightyOne wrote:
Fxtraveller wrote:you've probably seen how many struggling traders are aged 40+, so we are by far not the worst cases :wink:


You know there is a problem when you are not retired by age 30 :wink:


Ok, MO, you pushed it. I tried to restrain myself asking intrusive questions, but ...

1) did you ever (do you?) have a paying job, like....most ?

2) did you actually 'retire' at or earlier than 30?

basically, whats your story? Only thing I know from NLA is that you started trading pretty early.
Are you Buffet under a nickname MO, and you are just bored? :wink: :D


My name is Mr Owl (MO), maybe you have heard of me:

http://www.youtube.com/watch?v=bwh0S1K5 ... re=related

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aliassmith
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Postby aliassmith » Sat Jan 30, 2010 4:55 pm

Fxtraveller wrote:
MightyOne wrote:
Fxtraveller wrote:you've probably seen how many struggling traders are aged 40+, so we are by far not the worst cases :wink:


You know there is a problem when you are not retired by age 30 :wink:


Ok, MO, you pushed it. I tried to restrain myself asking intrusive questions, but ...

1) did you ever (do you?) have a paying job, like....most ?

2) did you actually 'retire' at or earlier than 30?

basically, whats your story? Only thing I know from NLA is that you started trading pretty early.
Are you Buffet under a nickname MO, and you are just bored? :wink: :D


Oh and...can I stop by for dinner?

No way MightyOne is Buffet. Buffet is a value investor.
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Sat Jan 30, 2010 5:13 pm

aliassmith wrote:
Fxtraveller wrote:
MightyOne wrote:
Fxtraveller wrote:you've probably seen how many struggling traders are aged 40+, so we are by far not the worst cases :wink:


You know there is a problem when you are not retired by age 30 :wink:


Ok, MO, you pushed it. I tried to restrain myself asking intrusive questions, but ...

1) did you ever (do you?) have a paying job, like....most ?

2) did you actually 'retire' at or earlier than 30?

basically, whats your story? Only thing I know from NLA is that you started trading pretty early.
Are you Buffet under a nickname MO, and you are just bored? :wink: :D


Oh and...can I stop by for dinner?

No way MightyOne is Buffet. Buffet is a value investor.


I am only famous in my own mind and I hope it stays that way.

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tmanbone
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Postby tmanbone » Sat Jan 30, 2010 5:19 pm

MO are you still looking into mobile trading? I thought this was interesting:
http://www.tradersdevelopment.com/USB.aspx
http://www.powernotebooks.com/index.php3 Hope this helps. Thanks for your input.
Last edited by tmanbone on Sun Jan 31, 2010 7:58 am, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"

T

johny
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Postby johny » Sat Jan 30, 2010 5:28 pm

aliassmith wrote:
Fxtraveller wrote:
MightyOne wrote:
Fxtraveller wrote:you've probably seen how many struggling traders are aged 40+, so we are by far not the worst cases :wink:


You know there is a problem when you are not retired by age 30 :wink:


Ok, MO, you pushed it. I tried to restrain myself asking intrusive questions, but ...

1) did you ever (do you?) have a paying job, like....most ?

2) did you actually 'retire' at or earlier than 30?

basically, whats your story? Only thing I know from NLA is that you started trading pretty early.
Are you Buffet under a nickname MO, and you are just bored? :wink: :D


Oh and...can I stop by for dinner?

No way MightyOne is Buffet. Buffet is a value investor.



Yeah, even I don't think Buffet is under MO moniker... (from a BBC's biographical film I saw on Buffet) Buffet spends almost all his free time playing Bridge game online. Whenever you come across a handle "T-Bone" in an online bridge game its Mr. Buffet!

Johny

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lukx
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Postby lukx » Sat Jan 30, 2010 5:46 pm

regarding mobiletrading and APPLE, I don;t know about IPAD but on macbook you can install windows system without a problem.

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