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    forex, futures
  1. Hi jfw215, I've never had a trading log...I think you might have me mistaken for username "humbled." Mine is "humblepeasant." I admire your persistence! I wish you all the best! -hp
  2. Wow, it's been nearly a whole DECADE since the "core" of this thread. I think it'd be interesting to hear some reflection from some of the thread's core participants, particularly thalestrader. Do you still trade? Has the method/approach remained essentially the same, or has it evolved (or even been scrapped/replaced)? Do you still trade the same markets...have the markets changed? thalestrader, does you daughter still trade??
  3. Looking for input comparing/contrasting Forex.com and Oanda. Other forex broker suggestions are welcome, too! I'm in the US. Thanks!
  4. I wonder if anyone here uses out-of-the-money options as a catastrophic insurance plan (basically as a WIDE stop-loss...wide so that the cost of the options is minimized...in the event of a major move with virtually no trades along the way). I don't know much about options, and I've never traded them myself. It may in fact make more sense to simply buy calls and puts rather than hold outright positions and use options to control risk...I haven't run the numbers. I would imagine it would be a little more tricky (and costly) to apply such a strategy to day trades. However, depending on the strategy, day trades potentially involve larger position sizes due to the more limited risk in terms of ticks...which means more exposure to catastrophe. It may seem a little extreme/paranoid, but anything can happen. Germany could suddenly, unexpectedly leave the Eurozone. Russia could invade a member of NATO. A US president could be killed. Etc. Very, very unlikely...but certainly not impossible. I have a certain level of risk tolerance (for my predetermined risk when I put on a trade...even with bad slippage). I have a hard time tolerating the risk of undoing years of work on a black-swan single day of trading. Even options don't control for the risk of a brokerage going under. I guess the only solution there is to "diversify" your brokerage accounts. A major catastrophe could potentially cause multiple brokers to go under, however. And before anyone chimes in on this...I am fully aware that the only way to eliminate risk in trading is not to trade. With no risk, no reward (most of the time). I merely seek to minimize risk. Thoughts?
  5. I was surprised to see that, unless I'm just missing it, no one is talking about the recent CHF move at TL? I was lucky (just lucky, nothing else) enough to not be affected by it. I was completely out of the market at the time (and asleep), and I don't trade the CHF anyway. I do trade currencies, however...the EUR/USD, and occasionally the GBP and JPY. Nevertheless, it has rattled me. I am conservative with leverage, but virtually any position at the time would have had a dramatic impact on an individual account. I've been trading for several years now, and always knew this type of thing technically can happen, but I know I personally basically tucked that type of risk away as theoretical, and have never really given it much thought. Anyone caught in the move, good or bad? I've read that some of the more "bucket shop" style forex brokers are forgiving the debt, while real brokers aren't/can't. Anyone know of any other similarly dramatic moves over the past few decades or so, in major markets such as the CHF? Would like to just get a discussion going.
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