there is NOT an extra spread to pay! pretend the market is at 1.3000 bid, 1.3002 ask. we buy 10 lots at the 1.3002 ask price. now, if we "hedge" the position, we will short at the bid of 1.3000. if we instead use a regular order to close the ...

whats with this "hedging" thing??

there have been a lot of false statements in this thread, imo. before i address them individually, let me make a blanket statment... lets pretend we are long EURUSD with 10 lots. to close this position, what do we do? we short 10 lots, right? if we ...

whats with this "hedging" thing??

moral considerations?!? :surprised if you have moral considerations about a trade then you probably have a crapload of other biases. my advice (not that anyone asked LOL) is get rid of these biases ASAP, they can do major harm to the PL.

Let's talk Iraqi Dinar

no im not being sarcastic. though i am 95% sure this feature is a widely believed lie, i want to be sure im not missing anything before i hand out a reprimand to all forex brokers offering this:

whats with this "hedging" thing??

yep thats how most prop firms are setup here in the US... a trader develops a successful method, then opens a desk and teaches everyone how to trade it. i guess its the same in the UK btw if your friends on the desk want to join the TR discussions ...

About those 95% or: some research to discuss

i know exactly why you are posting this, its a very real issue. as you noticed, i deleted my last post in this thread. what i said was the truth, but i deleted it because i was worried my family or friends might see the post and be let in on my ...

How did you manage your windfall?

hey thats not bad! sounds like you guys have a really strong firm! from my expereince this is an above average desk you are trading on, most desks are lucky to even have more than 2 or 3 guys bringining in 7 figures USD per year. are all of you ...

About those 95% or: some research to discuss

the trader i am talking about in that story was 100% fundies day trading. he was basically trading the daily news information. he was a master at understanding the "human element" of the market that i too talk about so much (ie who is buying, who is ...

About those 95% or: some research to discuss

awesome, always cool to see guys like you at FF so you are saying you have more than 1 guy on the desk making 5mil per year? how many break that threshold??

About those 95% or: some research to discuss

yes i have seen and traded this pattern, its one of my favorite news trading strategies. what i believe is happening is that the market has priced in all of the available info and is resting at equilibrium. then the fed statement (or any other ...

Wall Street close watch

true true!

Wall Street close watch

so if it is true that "99% of daytraders never make it big" (still trying to think of a better way to phrase it), then the next logical question i have to ask is...what separates the 1%?? what exactly do they have that the other 1% dont? btw, ...

About those 95% or: some research to discuss

this slide should have been much more fun that it was, im feeling let down. its all the PPTs fault, they are ruinin all the fun!!!! LOL!!

Wall Street close watch

seeking, now that we have some research, what do ya say we come up with a new slogan that is actually based in fact? maybe we can become famous for starting it LOL. how about this one... 99% of daytraders never make it big source: ...

About those 95% or: some research to discuss

well it looks like we are hitting some kind of support here, unfortunately i think the fun may be over yeah that sure was a stinker! somebody opened the spigot of bad news for the banks and i dont think they will get it shut for another year at ...

Wall Street close watch

there is one VERY big problem with your scheme, its called math you cant fool math with fancy money management tricks, it is simply impossible. this is what so many casual vegas goers do, they concoct betting schemes and think it will overcome the ...

A Dream Scheme... (Don't waste your time)

awesome post man, gotta love real research did you notice that the sample here was ALL pro traders that trade at prop firms? so basically the study says 80% of professional day traders lose money, and these are the guys who do it day after ...

About those 95% or: some research to discuss

could be. but i would say if they left stocks, they probably left for a reason (ie they were losing money).

Wall Street close watch

question of the day... do we sell this rally going into the weekend?? its a tough call, but if i have to chose, im a seller.

Wall Street close watch