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michaelpelly replied Oct 29, 2018I see in these forums a lot of missing knowledge how fund management works. I will make another thread of the topic “Capital segmentation, price range envelopes and progressive hedging”. Coming soon...
Trade suppressed FX pairs - collect safe profits
- michaelpelly replied Oct 29, 2018
Euro is nowhere near the bottom end of the spectrum if you look at the yearly chart. Gold is highly speculative instrument. It might skyrocket in matter of weeks and it might dive to half of the current price. If you just look at the Bitcoin price ...
Trade suppressed FX pairs - collect safe profits
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Trade suppressed FX pairs - collect safe profits
Started Oct 25, 2018|Trading Discussion|8 replies
Hi everyone. In the neverending debates and mantras I would like to point out some really ...
- michaelpelly commented Oct 25, 2018
More like - nothing really new this time. Acknowledging well perceived facts and policy envelopes.
ECB's Draghi says incoming data has been weaker than expected
- michaelpelly commented Oct 19, 2018
I remember their “solid” predictions how gold will go above 2000$ back in 2012/2013 when it was about 1720$. It thumbled to 1400 in 2-3 months :-).
Goldman Sachs sees five more Fed rate hikes through end of 2019
- michaelpelly commented Oct 11, 2018
My point is - negative trades come as routine as one can keep attitude that positive trades will also come on the horizon.
What Happens to Your Brain When You Lose a Trade?
- michaelpelly commented Oct 11, 2018
Nothing. Just got some hiccup (trade went a bit red) at early morning hours. Then I managed to hedge and average some of it and now that account is even on daily profit. Business as usual. Just do not give in too much onto that psychological bs.
What Happens to Your Brain When You Lose a Trade?
- michaelpelly commented Sep 29, 2018
That was close, Mr. Musk - get to work and stop winning on tv.
Elon Musk agrees to pay $20 million and quit as Tesla chairman in deal with SEC
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Hey! Nobody talks about Bitcoin :-)
Started Sep 12, 2018|Trading Discussion|4 replies
What happened? Nobody talks about Bitcoin anymore - I feel kinda “bubble-empty” here :-))).
- michaelpelly commented Sep 12, 2018
Yesterday’s articles where “the dollar strength is yet to come” :-). Let’s wait and see where this week will lead us.
Jeffrey Gundlach Says Dollar’s Next Move May Be Downward
- michaelpelly replied Sep 9, 2018
Seems this way :-) ”My daddy can beat your daddy” ”Mine is way bigger” :-)
Successful traders are very, very rare to find
- michaelpelly commented Sep 6, 2018
Man, you gotta love those comments - they sound like “but it is not fair” :-))) When one decide to swing with the sharks - he better have teeth.
Germany, U.K. are said to drop key Brexit demands
- michaelpelly commented Sep 5, 2018
It’s kinda rushy to assume the uptrend has begun. There are 2 missing key components - the pair did not tried to attack the latest bottom once again (as it did every time on trend reversal for the last years), and there is no hard evidence of policy ...
Has EUR/USD formed a base?
- michaelpelly replied Sep 2, 2018
So the author can be happy (again):
Successful traders are very, very rare to find
- michaelpelly replied Sep 2, 2018
So the author can be happy (one of my accounts):
Successful traders are very, very rare to find
- michaelpelly replied Sep 2, 2018
Why exactly someone need to show his private data and earnings? If one does so - he/she would become advocate for something to sell to you, thus invalidating the statement that successful traders are not crooks that sell web stuff for FX.
Successful traders are very, very rare to find
- michaelpelly replied Sep 2, 2018
So what is exactly the point of discussion?! If you already established a statement - no point :-)
Successful traders are very, very rare to find
- michaelpelly replied Sep 2, 2018
This is what big banks and hedge funds do - they have the capital, they can wait, they can average losses, they can double top profits - and when they have 10% annual growth it is considered success. But this is the only way to stay in the game for ...
Successful traders are very, very rare to find
- michaelpelly replied Sep 2, 2018
To have a meaningful discussion you really need to define what is long term. My lonterm is defined by the 8th consecutive year I’m trading - so I can speak for such period only. I wouldn’t take statements in this thread like “since August 2018” I ...
Successful traders are very, very rare to find