v8power wrote: Alright since im pretty sure MO already dislikes me...
Why do I have to keep saying that everything is alright? It is like I am in a relationship
v8power wrote: ...MO was showing different trade ideas all the time and was cocky as hell then. He is more Disney and humble in his trading now...
I used to trade with a liter of rum on my desk at all times so I am sure that most people found me to be quite abrasive...I'm sure they still do.
v8power wrote: ...What about this post from MO "I have a pyramiding method by which I start by risking 4% until I increase my account by 16% and then risk 8% until one loss...
I learned that I am far more likely to reach a goal if I trade to it than if I try to trade through it.
Consistent small returns will always trump quick profits in the end.
It is not simply because "it is no longer kewl to do so" that I do not target sextillions, It is because it is an impossible goal.
If you sit down and ask yourself what number you are targeting and you plot a course to achieve that goal within a specific amount of time
then you will see that you need to risk next to nothing for even the most lofty of goals.
The closer you get to the target number the more you reduce your risk because it doesn't make sense to use the same size that you were using to target 100% of the goal for the last 25%. If after reducing your size you are pushed further from the goal then you can increase your size and brush your losses to the side but if you did not reduce your size then the goal may be greatly delayed.
There are certain things that you just cannot appreciate until the market kicks you in the balls a few times.
v8power wrote: Forex is now a means to enrich the lives around me...
If you want to enrich lives then go to Vietnam and give $10,000 (224,000,000 Dong) to the 7 year old girl who is selling bookmarks to tourists so that her grandparents don't starve to death; it will feed her family for about 5 years.
$10,000 to an American is a brand new couch and a case of beer (my a++ thanks you...now go away!)