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newscalper
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Postby newscalper » Sat Jun 04, 2011 8:10 pm

Cheers m8, much appreciated :D
FTI - is that the FTI on FF with the huge TA fallacy thread?
Phantom - yes, rule 2? I think, press winners.

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aliassmith
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Postby aliassmith » Sun Jun 05, 2011 2:24 pm

newscalper wrote:Cheers m8, much appreciated :D
FTI - is that the FTI on FF with the huge TA fallacy thread?
Phantom - yes, rule 2? I think, press winners.


Yes FTI is the TA fallacy guy. The importance of his message was the snow
balling your position. There are several ways to take advantage of pressing
your positions and profits.

I increase my base risk as my account grows.
I add into positions.
I use profit cushion to increase position size.

It makes for good survivability and has good profit potential. If you are a
"super" trader like AJay then 50:1 leverage all the way. We are not "super"
traders so always manager your risk well.
Trade Your Way as Long as It Makes Money!

pawelklos
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Postby pawelklos » Sun Jun 05, 2011 7:23 pm

aliassmith wrote:
newscalper wrote:Cheers m8, much appreciated :D
FTI - is that the FTI on FF with the huge TA fallacy thread?
Phantom - yes, rule 2? I think, press winners.


Yes FTI is the TA fallacy guy. The importance of his message was the snow
balling your position. There are several ways to take advantage of pressing
your positions and profits.

I increase my base risk as my account grows.
I add into positions.
I use profit cushion to increase position size.

It makes for good survivability and has good profit potential. If you are a
"super" trader like AJay then 50:1 leverage all the way. We are not "super"
traders so always manager your risk well.


Can you give a link? I am very interested.

Thank you

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MightyOne
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Postby MightyOne » Sun Jun 05, 2011 7:55 pm

aliassmith wrote:
newscalper wrote:Cheers m8, much appreciated :D
FTI - is that the FTI on FF with the huge TA fallacy thread?
Phantom - yes, rule 2? I think, press winners.


Yes FTI is the TA fallacy guy. The importance of his message was the snow
balling your position. There are several ways to take advantage of pressing
your positions and profits.

I increase my base risk as my account grows.
I add into positions.
I use profit cushion to increase position size.

It makes for good survivability and has good profit potential. If you are a
"super" trader like AJay then 50:1 leverage all the way. We are not "super"
traders so always manager your risk well.


They start at 50:1 leverage?

aliassmith
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Postby aliassmith » Sun Jun 05, 2011 9:26 pm

pawelklos wrote:
aliassmith wrote:
newscalper wrote:Cheers m8, much appreciated :D
FTI - is that the FTI on FF with the huge TA fallacy thread?
Phantom - yes, rule 2? I think, press winners.


Yes FTI is the TA fallacy guy. The importance of his message was the snow
balling your position. There are several ways to take advantage of pressing
your positions and profits.

I increase my base risk as my account grows.
I add into positions.
I use profit cushion to increase position size.

It makes for good survivability and has good profit potential. If you are a
"super" trader like AJay then 50:1 leverage all the way. We are not "super"
traders so always manager your risk well.


Can you give a link? I am very interested.

Thank you


http://www.forexfactory.com/showthread.php?t=57639
Trade Your Way as Long as It Makes Money!

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aliassmith
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Postby aliassmith » Sun Jun 05, 2011 9:33 pm

MightyOne wrote:
aliassmith wrote:
newscalper wrote:Cheers m8, much appreciated :D
FTI - is that the FTI on FF with the huge TA fallacy thread?
Phantom - yes, rule 2? I think, press winners.


Yes FTI is the TA fallacy guy. The importance of his message was the snow
balling your position. There are several ways to take advantage of pressing
your positions and profits.

I increase my base risk as my account grows.
I add into positions.
I use profit cushion to increase position size.

It makes for good survivability and has good profit potential. If you are a
"super" trader like AJay then 50:1 leverage all the way. We are not "super"
traders so always manager your risk well.


They start at 50:1 leverage?


Pretty sure Ajaymein does 50:1 to be able to make 50% to 400% a day.
50:1 at $1 per ounce of silver would be over 100%.

I know you are a "super" trader MO and you don't use 50:1 unless you work
your profit cushion. What do you start at 5:1 and 4.5% risk?
Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Sun Jun 05, 2011 9:59 pm

I always start at 20% or less of max leverage and no greater than 4.5% risk.

Since I believe that $extillions are unattainable, I have no reason to risk more than just enough to reach the goals that are attainable ( +0 or +00/yr).

paweldobkowski
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Postby paweldobkowski » Mon Jun 06, 2011 12:01 am

MightyOne wrote:I always start at 20% or less of max leverage and no greater than 4.5% risk.

Since I believe that $extillions are unattainable, I have no reason to risk more than just enough to reach the goals that are attainable ( +0 or +00/yr).


Well it's achievable starting from $10 in 10-20 years of trading this way.

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MightyOne
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Postby MightyOne » Mon Jun 06, 2011 4:26 am

As I always say, do whatever you can get away with but make for damn sure that you can get away with it ;)

paweldobkowski
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Postby paweldobkowski » Mon Jun 06, 2011 8:19 am

Padre MO shared some street wisdom ; )

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