Many would say arrogance.

USD/JPY Discussion

I had a good day with the Yen and the Euro. No complaints here... Not sure what was tricky.

USD/JPY Discussion

The stoic sage knows no laws.

Can YOU make money as a trader?

Preach brother.

USD/JPY Discussion

No, it has the additional advantage of being able to maneuver your positions while still maintaining minimal initial risk so long as you aren't using it to become rich overnight. A losing trade only has a big impact on your account if you leverage a ...

Lost $4.2k in 1 week

That's not an advantage. You're telling him to handicap himself and put himself closer to a margin call to force himself into taking his losses. Sure, he'll have to manage his risk better; because he's going to be losing more money and more often to ...

Lost $4.2k in 1 week

Because, for him, when he tries to get 3% per day he starts taking bad trades. And, unlike you, many of us aren't using 500:1 leverage because it's just asking to get f*cked in the @$$.

3% a day?

Except I was 'gambling' no more than any trade is a gamble. I specifically closed my EUR/GBP shorts at a loss and rolled the capital into a GBP/JPY long and not a USD/JPY long for a reason. You, like Spreadbetter, seem to make the mistake of ...

The struggles of a Forex trader

Unless you keep the bar very low. I'm content with 20% per month; far better returns than would be expected by most investors. When I exceed that I take it as my own personal play money to dick around with in one way or another; either on riskier ...

3% a day?

Sounds like he's still in the dark about the pools. Hint hint.

Is anyone here an institutional trader?

I just wanted to update you. While it was cute that you tried to shake me out of my GBP/JPY trades, every single one of them was just closed in profit. Except for what I'm leaving on the table. You should've criticized the USD/JPY trades as those ...

The struggles of a Forex trader

Always a pleasure when someone gets it.

psychological biases affecting trading

You take on risk with every trade. You're closing trades to lock in small profits... For what? Have you found a better place to put it where you're willing to pay the spread again? If you've covered the spread then you've already won. Move your SL ...

psychological biases affecting trading

I am only making the point that overnight risk aversion is not 'irrational' since Tom believes our analysis to be contradictory. Taking it on has marginal risk-reward benefits when painted with a broad brush.(and no I'm not referencing R:R ratios) ...

psychological biases affecting trading

Except the banks never close. When something important happens; it happens. Regardless of the time. My best recollection was Trump throwing some Tomahawks into Syria last spring at about 9:15pm. The 'trend'(by my standards) flipped and USD tanked ...

psychological biases affecting trading

-shrug- It's one going over psychological biases. I figured that's always a novice-level discussion to have. Just make sure the liquidity doesn't dry up when stacking. How is it market awareness if you aren't aware of the intraday minutiae? ...

psychological biases affecting trading

No, day trading is sustained out of knowing that the market doesn't go into shutdown and can easily reverse overnight when it's not being watched. My biggest losses occur when I'm asleep. It also has to do with knowing what's going on rather than ...

psychological biases affecting trading

Disagree. Money is made from precision compounding. The problem occurs when traders think they don't go hand in hand. Neither throwing everything in without any ability to compound nor compounding with no idea how to execute it with precision tend ...

psychological biases affecting trading

Yes. As much practical application as the Fibonacci Sequence with an extra dimension or two... Or three. Perhaps four when you start getting relativistic. Depends how much you decide to elucidate from it really.

Higher Edge within a Single Candlestick