wow you gentlemen are still at it with this thread, I think I stopped contributing 20 pages ago

Is anyone here an institutional trader?

I'll add my thoughts here. I have always validated my trading ideas with real money, whether my own capital or my banks. I know a lot of traders here validate their ideas/systems with paper trading and/or demo accounts. The only warning I would give ...

How do you validate your trading idea?

I like what Skenobi had to say. BUT I think the biggest thing you should think about is preserving your capital until you learn how to trade profitably on a consistent basis. There are no scholarships in the trading world, there is always a tuition ...

Is anyone here an institutional trader?

The kind of thing you are describing is the reason the governments across the globe are fining banks in the billions of USD. I'm speaking of the LIBOR scandals, the NDF fixing in Asia and the FX WMR Fix out of London and NY. People I know have lost ...

Is anyone here an institutional trader?

I was asked to contribute to this thread by tk5. I think because I wasn't in my 20's when I started to make real money and I was married and soon to be a father my wife didn't let me be too extravagant with "our" money. I instead paid off my ...

Rich Kids of Forex Factory

I'm not trying to be a wise a** but I always used too much leveraged on losing trades and not enough on winning trades.

2 cent advice - countering popular mis-conceptions

I incorporate both in my trading to various degrees.....they both work at different points in different markets.

Is anyone here an institutional trader?

I trade based on my model and my gut (on my blog I have my model generated trades and Special Situations, which is more my "gut" or "intuition). I wouldn't consider it an edge at all. I would define an edge differently. An edge in my book is having ...

Is anyone here an institutional trader?

I traded NDF's so there weren't too many opportunities to run stops. My colleagues that traded spot markets ran spots if they felt they could...simple as that. But there are times when they tried to run a stop and it blew up in their face. Running ...

Is anyone here an institutional trader?

Hi, I really wouldn't know other than a lack of a strong underlining trend

Is anyone here an institutional trader?

I don't trade gold, Ihave enough trouble trying to figure out the FX markets

Is anyone here an institutional trader?

At the beginning of my career the makeup was the following MM - 75% Prop (discretionary) - 25% At the end of my career the makeup was MM - 40% Prop (discretionary) - 60% i exclude other only bc I have no idea what other would be

Is anyone here an institutional trader?

haha cool .... all good

Is anyone here an institutional trader?

Thanks Trading is a very humbling undertaking, retail or institutional, you better love it beyond just the money making aspect. have a nice weekend all

Is anyone here an institutional trader?

For me, it was worth it absolutely. Trading is a love/hate relationship. You have to expect to fail in order to get better. There are no scholarships in the School of Trading, EVERYBODY has to pay tuition. If you can accept the fact that it is hard ...

Is anyone here an institutional trader?

I use market orders when i'm awake, when I want to get in I just get in. I use stop-entry orders overnight to get into positions. I use limits as well but I have alerts on my phone when price reaches an area where the market may move.

Is anyone here an institutional trader?

I tend to use a lot of leverage 20-30 times when I have positions going my way much less for the non-profitable ones. But my biggest determinant is a scenario where I get stopped out of all my current positions, that $ amount can not exceed 3 pct of ...

Is anyone here an institutional trader?

Hi everyone I've been away on vacation so I haven't had a chance to reply to this thread. I see Skenobi has answered all your questions and I agree and have had the same or similar experiences, but you want to ask me something specific I'm back

Is anyone here an institutional trader?

I use CitiFX Pro platform.....they have MT4 but it wasn't recommended to me to use.

Is anyone here an institutional trader?

The base is pretty standard bc we all knew what the each made and the "street" all knew it as well. It was just what the going rate was it had nothing to do with how much money you were expected to make. Budgets (pnl) were a function of what ...

Is anyone here an institutional trader?