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iznogoud

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Posts posted by iznogoud

  1. Posted

    As a poker player you must feel slightly pained whenever someone calls you UB (aka superuser site).

     

    I come from a poker background too, played 6-max 200nl at my peak but had to withdraw to pay for school and by this i mean beer money.

     

    Do you reckon top online players like durrrr, jungleman, nutsinho and co. could transition quickly to trading and make insane returns like they do in poker? or would they struggle with some parts of trading?

  3. Posted · Edited by iznogoud
    mispelt support..

    As im a complete beginner, can you give me some more insight into what you are trying to show here?

     

    1. Is this an uptrend? because it looks like 2 sideways trend with some crazy fundamental based action in the middle.

    2. Why is the second support line draw at ~6.85 and not at 7.00 or 6.60?

    3. Where and why do you enter the trade?

  4. Posted

    That is correct if you place it on a live account, but have a delayed data feed. So if there are issues with your internet or pc for example, what you see may be behind latest prices. But that was not what I was actually getting at. I was saying if you have a platform with a simulated account attached, it is possible to have the platform delay the data by a few seconds or more or even change it to no delay at all. So the user has the choice. On Ninjatrader I believe there is a delay on the sim by default.

     

    OK I gotcha, thanks.

  5. Posted

    iznogoud,

     

    Is this you speaking in the past or present? I see a few things which may be problems if it's the present to which you are referring. On the other hand some of these things could for the right person, be seen as strengths.

     

    Yeah actually my post is for the present and probably inappropriate for the thread :crap:. You can delete it if you want. But if you want to point out some problems then sure :)

  7. Posted

    Why

     

    I want to trade because I see trading as a game that’s very hard to play which motivates me even more to beat it. I come from a poker background and trading seems very similar in terms of money management, emotional control and outplaying others i.e. the market.

     

    Commitment

     

    I will dedicate a lot of time to trading, hopefully 10-15 hours a week excluding my time in classes which includes a lot of relevant information towards fundamental trading. I enjoy reading about the markets from fast paced books like liars poker but also more serious books such as ‘making sense of the dollar’ and ‘economics in one lesson’. I’m not sure how helpful these books will be in the end but I like to think they will give me some kind of edge.

     

    Time frame and Method

     

    I will include fundamental and technical trading on daily/weekly bar charts. I like to see myself using a variety of methods to beat the markets though I’m only a beginner so I will probably find myself leaning towards a particular method of trading. I don’t want to be in front of a trade screen 24/7 especially as forex is open all the time so I definitely won’t be a day trader.

     

    Account/Investment

     

    I will trade paper money for at least 6 months before putting 1-1.5k into an account. I expect to become profitable fairly quickly but maybe I’m being a bit optimistic 

     

    Money Management

     

    I’m understand the importance of money management through my poker playing and I will definitely limit myself to a bet size within my bankroll.

     

    Product

     

    Forex. Although I was interested in futures at first I’m taking a lot of international finance/economics classes and im going to progress faster because of this.

     

    Broker

     

    I will do some research and get some opinions on the best broker for my account size and target market.

     

    Platform

     

    Starting on ThinkorSwim but will look beyond if necessary.

     

    News Source

     

    I read a couple of blogs such as zerohedge, mises, madhedgefundtrader and I use the bbc website frequently. I will also see what everyone else considers good websites and add them to my daily reading.

     

    Computer

     

    I have a laptop that’s fairly new but I haven’t started trading yet so I will see how it does

     

    Internet connection

     

    College connection works fine for me except it’s a touch slow in the evenings.

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