Thread: Net/Long term effect of habitual low pips targets on account size

Originally Posted by ;

A good idea you had separated both accounts. KUDOS ! For the account on which scalping is exclusively done, can I please be shown a long-term track record of performance? pleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeese ! Just for a moment.

I must consider after you at least you've been trading before me.

You need to go to my journal my buddy. It is a scalping system that performs well for me. My success record is remarkable. I can not mentor new people at this moment. When you exchange from this point on Though I can recommend that you use Cease snacking.

I want to convince one that scalping does perform... send me a while my friend and I have a system that you test out... peace offering.

Wow this thread is funny! Than it is 1 hour from now, it is easier to determine what's about to happen 10 minutes from now. What is easier to ch, 5 pips at $500 per year pip or 50 pips at a pip? Which do you think will happen faster, a 5 pip move or even a 50 pip move???? Oh and I forgot scalpers sit at their computers all day long waiting for that 5 pip go lol

How do you believe a lot of pit traders trade? If they were long term traders would not it be beneficial to allow them to make transactions versus paying the fees associated with trading in the pit over the telephone? I know I would not want to cover the fees associated to commerce in the pit if I was planning to come and put 1 commerce a day or one every few days.

This man knows NOTHING about compound interest, Einstein even said that it was better than all of his formulae!!!!

I know of two traders who are extremely successful with just 10-15 pips each day. They mostly exchange the London open and they close and they're done for the day when they reach their goal. They exchange relatively large lots with stops. They have perfected their method and it works for them. Their intention is to create enough to live on with no residing in front of the computer. They are done in less than half an hour. Not a bad way to create a living if you ask me. I've seen their account statements, in fact I've been there for some of their trading. Over the last 4 years they've not ever had a year with less than $250,000 U.S. in profits. 30 minutes per day 4-5 days per week not bad if you ask me. Both were clever enough to not quit work before the machine was working. They create 1 withdrawal from their account each year.

What I do not know is why what somebody else is doing actually disturbs you? If they're currently reaching their aims good for them. A persons trading methodology is theirs and theirs alone.

Originally Posted by ;

wow this thread is too funny! It is far easier to determine what's going to happen 10 minutes from now than it's 1 hour from today. What's a lot easier to ch, 5 pips at $500 a pip or 50 pips at $50 a pip? Which do you think will happen quicker, a 5 pip transfer or a 50 pip move???? Oh and I forgot scalpers sit at their computers all day waiting for this 5 pip move lol

Im not hating on anybody, they're able to do what ever that makes them happy. Yeah 5 pip at $500 a pip sounds good, but you have to account the fact that it might go the other way ur dropping $500 a pip lol. I dont believe I have the patience to check at 5 mins charts all day.

Originally Posted by ;

This guy who is 2,250 pips in the negative and declining and uses the explanation that he whined about the trades... comes to the thread and trashes scalpers.

Fascinating is that he didn't simply come to the thread- he made it for the sole purpose of knocking scalpers.

At least five scalps a night minimum for me anywhere between 5-10 pips. I get compensated simple cash to sleep while a few people today complain about it.... okey dokey.

I don't believe people should rubbish a technique that they obviously have no understanding about, the articles above have confirmed that scalpers make a profit long and short term.

I personally am a scalper and a day trader, I use 2 separate accounts and exchange both a the exact same time, largely because once my day transactions are around I scalp for some thing to do.

I might add also that both accounts are profitable, I live off my trading and have done so for about a decade and a half.

So in the event that you do not know how someone dose exactly what they do, then you should ask questions about it, not rubbish what someone else serving as everybody will trade differently to suit their own character.

cheers

Originally Posted by ;

I don't think people should rubbish a technique they obviously don't have any understanding regarding, the posts above have confirmed that scalpers make a profit short and long term.
Cheers

well I haven't seen any long term effective scalper(habitual) around me.

Originally Posted by ;

well I haven't seen any long term effective scalper(habitual) me around.

I've yet to see one individual that agrees with you, but I do see several which has picked up on your inexperience and your erroneous assumptions. I see no need to challenge the ones that do understand how to exchange. My advice is to be friendly with them and learn the forex and you will one day become a successful yourself rather than being bitter and showing bitterness toward successful traders.

Jump out of your 2,250 negative pip reduction and associate yourself with someone that is effective in their own trading and turn yourself. Other have heard from their errors. But attacking powerful traders within this forum will not win you any friends. So far as your statement, not knowing any term effective traders, nicely, in case you did, they would tell you to learn the definition of a stop loss and to never forget that your in a forex trade. Your the first person I know of a transaction was entered by that and forgot you're in it.