Up 4% this week. Yeah I stopped trading on crazy news days awhile ago. Too many idiots trying to be rockstars these days. Its a damn shame though, my system would have generated 4 winners and 2 losers today. Ohh well. Hey keep posting your calls and ...

Simplicity is the Key

Yeah he says it far more eloquently then I can.

Risk and R-Multiples

Looks like that system isn't doing too badly after all.

Simplicity is the Key

The problem you outline is precisely why the net number of pips is irrelivant as well. The guy trading 5 times as many contracts may make 5 times the money you do, or he may not. If your trading 1 contract with a 500pip target and he is trading 5 ...

Post your pips.

Someone should sticky TheRealThing's post in the beginner section.

Living Off Fx

After extensive deliberation on the subject I have determined that I made two mistakes. The stock market and the bond market are not completely zero sum. Stocks that pay dividends are positive sum up to the amount that has been paid out to ...

Where does the money come from?

I don't even know how many pips I make. That is probably the least important factor in trading profitability.

Post your pips.

EEK! According to that math I am frequently as high as 40:1. I guess I'm living on the edge... It's kind of a shabby way to look at risk though. Percentage at risk is far more relevant of a number. A scalper risking 1% of his balance may run ...

Anyone using high leverage successfully?

The first time I sat down and actually figure out the expectancy of a system.

What Was Your "Ahaa!" Moment

Either well have a sell the rumor/buy the fact situation leading into it or the EU will get its way and the Jpy will get clobbered. Given the rediculous heights achieved in the pairs over the last year, I'm leaning towards the latter. Either way I ...

carry trade

I wouldn't worry too much about tomorrow. The market is losing faith in NFP do to the constant revisions. Essen is the real event risk.

carry trade

I'm not knockin your system, I'm sure it will do well for you. Merely pointing out that since the first post of the thread all the main carry pairs have been in a steady march downward. The forum is like a consensus indicator. As soon as you start ...

carry trade

What? Were you following me around in school?

making a living

Time from opening my first account until trading full time: ~10,000 hours of devoted study or just under 2 years. How many accounts did I blow? None. Note: I took a few big losses, but had the sense to step back after each one and re-evaluate. ...

making a living

You could always use oanda for the -ive interest side. They calculate interest by the second the position is opened, so you could long the interest at a broker that has a rollover and short it at oanda leading into the roll. Then close it all right ...

Swap Trading System

Good job trader101. It's rare that a novice trader accepts that the problem with a system is often themselves and avoids the temptation to tweak the rules to compensate. Even if the system sucks, I think you'll learn some valuable lessons. Keep up ...

Simplicity is the Key

Unless you have an account with $10k+, the wire transfer fees will eat deeply into any profit you manage to make. Even if your super accurate, why would you waste the money when you can set a stop with 1/10th the effort and for free? I traded ...

Why professionals "only" make ~30% anually

Housing data

US ISM report Feb 1

Has anyone else noticed the irony in the timing of this thread?

carry trade

I meant it as against your intended entry/exit price. If you want to enter at 100, when you drop a big order your average fill may be 105. An intended exit at 200 might fill at 195. You basically lost 10 pips on the trade because of the market ...

Why professionals "only" make ~30% anually