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- beastwork replied Feb 5, 2018
^^^^^^^ this is pretty much all that needs to be said. you shouldn't be let within 100 meters of a trading terminal. if you blew $200k and didn't have the good sense to walk away then your life was already fooked. That's some serious lack of impulse ...
FX Trading in Europe under threat - act now
- beastwork commented Oct 17, 2017
I comprehend what you've written just fine. But you have contradicted yourself, which is what I was originally pointing out. Don't ask me to show you the contradictions because I don't care enough to do so. I understand statistics and probability ...
The truth about the stop loss – why only losing traders don’t use stops
- beastwork replied Oct 16, 2017
long enough to understand the mechanics and basic strategies...then I traded extremely small for quite some time. I couldn't take the risk serious until I had real money on the line...I believe I started with $100.
How long did you trade demo before opening a real account
- beastwork commented Oct 6, 2017
Leonardicus you're talking out of both sides of your mouth. It doesn't mean that you're not a successful trader, bit you haven't articulated yourself clearly in this thread. My position on stop losses is that there is a time and place for ...
The truth about the stop loss – why only losing traders don’t use stops
- beastwork replied Sep 12, 2017
Leverage doesn't really matter. No matter what leverage you choose to trade with you need to appropriately set your position size to reflect your risk/reward strategy. I trade with the highest leverage just so that I have access to it if I need it. ...
High leverage vs Low leverage
- beastwork commented Dec 9, 2016
I can understand additional regulation to protect the dummy from themselves. But a flat out ban on trading is ridiculous.
Germany takes steps to ban retail trading in financial CFD instruments
- beastwork replied Nov 28, 2016
Why bother? What's the point in trading if you're just going to give it all back when the market gets a little crazy. We have to take precautions. I understand we have to take on risk, but too much risk is a recipe for disaster. What kind of moves ...
Black Swan - Are you prepared?
- beastwork replied Nov 28, 2016
My assumptions were not meant to be hard and fast rules. They are simply parameters to build a risk profile. Replace 2000 pips with 5000 pips if you like. You may also decide to replace the 30% with 60%. The point is we need to define these ...
Black Swan - Are you prepared?
- beastwork replied Nov 27, 2016
Since black swans DO happen, and they have the potential to wipe out an account should we just leverage, and try to get rich before it happens? I disagree. Do you all think its wise to: 1) First define a black swan (i.e. a 2,000 pip move). 2) ...
Black Swan - Are you prepared?
- beastwork replied Nov 20, 2015
Are moving up all the stops on all of your open trades to the same price level? Do all of your open trades have the same SL price?
How to Compound with High Leverage with Minimal Risk
- beastwork commented Nov 20, 2015
they are not ending stop orders for the likes of you peons :-)... This change is geared towards institutional traders who could move millions of dollars worth of stock in a single trade. This tells me that the smart money knows that the market is ...
Help! My short position got crushed, and now I owe E-Trade $106,445.56
- beastwork replied Nov 20, 2015
I still don't understand why you didn't use a stop. Why not put on a very wide stop just in case you have a power failure, or your internet goes out, or some crazy news comes out that could wipe out your account? I just don't understand the ...
Trading without SL: your profound experience
- beastwork commented Nov 20, 2015
if he had been on the other side of this trade would he distribute the earnings?..fuck this guy. It makes me sick that there are clowns in this world foolish enough to actually give money to this degenerate.
Help! My short position got crushed, and now I owe E-Trade $106,445.56
- beastwork replied Nov 16, 2015
Journeyman You say "leaving it chance whether you want to go long or short" but the reality is we don't which direction the trade will go. Oanda spread widening is pretty predictable. 15 pips on EURUSD about 20 on GBPUSD. The unpredictable part is ...
Central Banks & Big Players
- beastwork replied Nov 15, 2015
Straddle is the way to go. This way you participate whether the price goes up or down...I've tried it a few times and it works. An 18 pip stop loss is simply too tight to avoid the whipsaws that happen in news events like the NFP. It's wide enough ...
Central Banks & Big Players
- beastwork replied Nov 14, 2015
Trading without a stoploss is fine. that just means you don't rely on the broker to end a trade a for you. The real question is what is your money management plan? Do you have a plan to exit unprofitable trades? if you simply mean that you never ...
Trading without SL: your profound experience
- beastwork replied Nov 11, 2015
you can you use wine to install windows products on a mac. that's how i use the MT4 app at this time. then copy your files like everyone else is saying.
Can I copy and paste my MT4 setup on an old PC to a Mac?
- beastwork replied Nov 6, 2015
We discuss your successes right here. That way the whole forum can benefit. Don't you agree?
My Success story
- beastwork replied Nov 6, 2015
no one is stopping you from sharing your success story. we're all waiting pensively for you to tell us what you've learned.
My Success story