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dmedin

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Posts posted by dmedin

  1. 7 hours ago, Chazza69 said:

    hi there ive an open trade with a sell on cad/jpy i opened this afternoon in the uk time at 8010, any ideas  ifwill it go back to that or should i just take £100 loss out my £800. trading strategy guide website gave me bad info im a newb. thanks for any advice team

     

    Here's the best advice you can get.

    Don't bet money you can't afford to lose.

    At a bare minimum 76% of retail punters lose.  Over time, it's closer to 95 - 99% and the number that outperform a simple buy and hold strategy is probably less than 99.9%.

    And the post above shows the 'benefit of hindsight' which is totally useless when you're actually trading.

    Best of luck.

    • Like 1
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  2. 8 hours ago, HMB said:

    will try to work on a plan addressing these issues 

    Have you thought about asking jlz for help writing an algorithm?  He makes money auto-magically without even looking at charts.

    Andrew S is profitable 1700 out of 1900 times and Tom is an unrivalled genius who knows better than anyone.

    Seems strange to me that you are not imbibing the milk of the greats.

  3. 15 minutes ago, Caseynotes said:

    are you mad? none of this is new, it's straight abuse by a moronic attention seeker and systematic malicious acts to derail and destroy threads where people have worked hard for the benefit of others, been going on for months, there is no valued contribution, it's simple total negativity by someone with obvious mental health problems and is not only of no use to anyone else but is detrimental to all.

    Obviously at some stage the moderator will actually have to do something, not a problem for me I can wait but the forum suffers in the meantime.

     

    You are a miserable old b4stard.  Go and post more sh!t about 'globalists' in your Covid-obsessive thread.

    I hope you enjoy the Biden-Harris victory in two weeks as well.  Trump belongs in jail 🤣

  4. 16 hours ago, HMB said:

    As you know I posted some trades in recent months as well (both real and demo), and I appreciate your doing so. 

    However, I also understand everyone who doesn't, and am undecided about how to handle this in the future myself - mainly because I think once you make your trades public, you encounter additional issues that can distract you from the target:  making money for your own account.

    Some of these issues are: you might suddenly feel responsible for people who may have acted on your post.  Then you might realize you haven't posted the full story, because you had (maybe subconsciously) a back-up plan for when the trade doesn't work, which you didn't share.  Also, the market environment may just change to a (not with any likelihood anticipated) point that it makes sense to close the trade early, or keeping it open but adding an additional position in your portfolio which hedges that trade partially.  The initial stop may suddenly seem too close to an important level that got established in the meantime and you move it just a bit.  etc.

    In summary, unless your approach implies doing absolutely nothing with the trade until it reaches its a priori defined fixed exit level (or stop) and considering it always in isolation, you'd end up posting frequent updates of your full (dynamically changing) portfolio strategy and follow-up posting on existing trades.

    in the extreme you become like those guys...:  

     

     

     

    The wee blonde lass doesn't say much :D

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